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PPG Raises Automotive and Industrial Coatings Prices in Europe

PPG Raises Automotive and Industrial Coatings Prices in Europe

March 24, 2017 at 12:26 pm 0 comments

PPG, a provider of a range of coatings and specialty materials, said early Friday it will implement customer-specific price increases and surcharges in Europe to offset a significant rise in raw material costs. The price changes will impact a select group of automotive OEM (original equipment manufacturer) and industrial coatings products, effective May 1 or as contracts permit. “The recentRead More

La Jolla Pharmaceutical Prices Share Offering

La Jolla Pharmaceutical Prices Share Offering

March 23, 2017 at 11:46 am 0 comments

La Jolla Pharmaceutical Company said pre-market Thursday it priced its underwritten public offering of 3.7 million shares of common stock at $33.50 per share, equal to a 1.8% discount relative to the stock’s Wednesday closing price, for expected gross proceeds of $125 million. Shares were up 3.6% in recent pre-market trade. In addition, La Jolla granted the underwriters a 30-dayRead More

Novan Names William Hodges as Interim CFO

Novan Names William Hodges as Interim CFO

March 22, 2017 at 12:12 pm 0 comments

Novan said early Wednesday its board appointed William Hodges as interim CFO, effective immediately, following the departure of Richard Peterson, who is leaving to pursue other business interests. Hodges has a “long” career in public company finance positions, including most recently serving as CFO of Pozen, Inc., the company said in a statement. Furthermore, Paula Brown Stafford has been appointedRead More

Fifth Street Asset Management Narrows Q4 Net Loss

Fifth Street Asset Management Narrows Q4 Net Loss

March 21, 2017 at 12:27 pm 0 comments

Fifth Street Asset Management said Tuesday its Q4 adjusted net income was $0.14 per share, compared with $0.18 per share a year ago. Two analysts polled by Capital IQ had expected adjusted EPS of $0.17. The company said it had Q4 revenue of $17.9 million, down 21.9% from $22.9 million in the same period a year ago, and compared withRead More

NuVasive Receives NICE Recommendation in UK For Lateral Interbody Fusion

NuVasive Receives NICE Recommendation in UK For Lateral Interbody Fusion

March 20, 2017 at 11:44 am 0 comments

NuVasive said Monday morning it received updated guidance from the National Industry for Clinical Excellence (NICE) in the UK for lateral interbody fusion in the lumbar spine. NICE stated that the evidence on efficacy for lateral interbody fusion is adequate in quality and quantity and that the procedure may be used provided that standard arrangements are in place for clinicalRead More

U.S. Oil Rig Count Climbs

U.S. Oil Rig Count Climbs

March 17, 2017 at 3:12 pm 0 comments

The number of oil rigs operating in the U.S. advanced by 14 to 631, increasing for the ninth consecutive week and jumping to the strongest level since Sept. 2015, data from energy services firm Baker Hughes (BHI) showed for the seven-day period ended March 17. In the U.S., the combined oil and gas rigs count rose by 21 to 789,Read More

Rent-A-Center February Core US Same Store Sales Drop 16%

Rent-A-Center February Core US Same Store Sales Drop 16%

March 16, 2017 at 11:42 am 0 comments

Rent-A-Center, an international experiential services company, said Thursday that its core U.S. business February same store sales decreased 16%. The sequential decline was due to less merchandise sales revenue from the tax refund delay, lower revenue per agreement when customers paid out early from the higher promotional activity in 2016 and generally lower end product in the system, and beingRead More