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U.S. District Judge John Gerrard sentenced James Laphen, TierOne’s former president and chief operating officer, to 34 months in prison, and the bank’s former chief credit officer, Don Langford, to 21 months in prison. …read more
From:: Real Estate Wire
Oxigene Inc. said its treatment for pancreatic cancer, CA4P, was granted orphan drug status by the European Commission. That gives the company 10 years of marketing exclusivity in European Union member countries if the product is approved. Earlier this year, CA4P was granted the orphan drug designation for neuroendocrine tumors (NETs) in the U.S. “This designation represents another successful step as we execute on our strategy of bolstering the proprietary position of CA4P in the potential indications in which we are most interested,” said Chief Executive William Schwieterman. “Separately, we continue to expect final data from our phase 2a clinical trial of CA4P in NETs to be available later in 2016.” The stock has slumped 11% so far this year and 53% over the last 12 months. The S&P 500 has slipped 0.4% year to date and 1.1% the past year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The latest GDP numbers are in, and the results look positive. Fourth-quarter GDP beat expectations and grew at a 1.4% seasonally adjusted annual rate, according to the Commerce Department’s report. …read more
From:: Real Estate Wire
Pineapple Express Inc. said Larry Flynt, the founder of publisher of Hustler Magazine, has bought 100,000 shares of the cannabis business developer for $100,000. Flynt will be restricted from trading the shares for a defined period of time. “We are fortunate to have such an amazing investor by our side,” said Chief Executive Matthew Feinstein. “Knowing that Mr. Flynt has made an investment in our company provides impetus for everyone at headquarters to surpass expectations and deliver excellent results.” The company’s common stock, which trades on the OTC Pink exchange, closed Thursday at $10.10. It has rocketed six fold since closing at $1.68 on Dec. 31.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
This Old House landscape contractor Roger Cook helps a homeowner solve a driveway drainage dilemma …read more
From:: DIY this old house
As the market continues to improve from the housing crisis, cash sales hit their lowest percentage since 2008. Although there is still ground to be made up, if it continues at its current rate, the percentage of cash sales would be at pre-crisis rates by 2017. …read more
From:: Real Estate Wire
A California jury ordered Guaranteed Rate to pay more than $25 million in damages to a fellow mortgage lender, Mount Olympus Mortgage Company, stemming from accusations that a former employee of Mount Olympus Mortgage stole client information and loan files and took them with him when he went to work at Guaranteed Rate. Click the headline to read more. …read more
From:: Real Estate Wire
Shares of Hologic Inc. and Centene Corp. ticked higher in the extended session Thursday after S&P Dow Jones Indices said the companies will join the S&P 500 index . Hologic shares rose 2% to $35.04, and Centene shares advanced 1.5% to $64.71 after hours. Medical-device maker Hologic replaces Pepco Holdings Inc., which was acquired by Exelon Corp. , and health insurer Centene replaces Ensco PLC . The changes take effect on Tuesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Looking to maximize your resources in the areas that are growing the fastest? A new report from the U.S. Census Bureau has all the information you need. And as usual, metro areas in Texas rank all over the top 20. …read more
From:: Real Estate Wire
The solution includes information technology, cyber security, education and industry-specific compliance solutions. The brand will offer a discounted security and compliance service to satisfy the regulatory and compliance requirements for the seven pillars of ALTA’s Best Practices to meet lender and regulator mandates. …read more
From:: Real Estate Wire