Contracts

UPDATE: Highway Holdings Wins Multi-Year OEM Order for Vaccum Cleaner

Paul Quintaro — Thu, 23 May 2013 14:48:45 +0000

Highway Holdings Limited (Nasdaq: HIHO) today announced it received a multi-year order for vacuum cleaner components valued at approximately $400,000 per year from a leading international appliance manufacturer.

Production has already commenced, ...

FMC Tech Wins Subsea Equipment Contract for Shell's Stones Field

Paul Quintaro — Thu, 23 May 2013 12:07:19 +0000

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Shell for the supply of subsea equipment to support the Stones field development.

Stones is an ultra deepwater project located in the Walker Ridge area ...

Amazon Appstore is Now Available in Nearly 200 Countries

Charles Gross — Thu, 23 May 2013 09:58:16 +0000

Amazon.com (NASDAQ: AMZN) announced today that the Amazon Appstore is
now available to millions of customers in nearly 200 countries, giving
them access to apps and games from top brands like Disney and Electronic
Arts, new releases ...

BT, Ciena Announce Trials over 800G Super-Channel

Charles Gross — Thu, 23 May 2013 09:56:59 +0000

Ciena
Corporation (NASDAQ: CIEN), the network specialist, and BT,
one of the world's leading communications services companies, today
announced a series of pioneering trials over BT's UK optical core
...

FDA Recommends Running Phase 2b Trial of Repros' Proellex-V

Charles Gross — Thu, 23 May 2013 00:18:35 +0000

Repros Therapeutics (NASDAQ: RPRX) today announced it has met with the FDA regarding the clinical development of Proellex-V, the vaginally administered product, in the treatment of uterine fibroids. The FDA recommended that a Phase 2b study should be conducted as a prelude to the Phase 3 program. During the meeting, Repros and the FDA agreed that:

The primary indication and label for ...

SAIC Awarded $31.5M Contract By Defense Advanced Research Projects Agency

Eddie Staley — Wed, 22 May 2013 20:08:54 +0000

Science Applications International Corporation (SAIC) (NYSE: SAI) announced it was awarded a prime contract by the Defense Advanced Research Projects Agency (DARPA) to provide engineering services in support of the Adaptive Radar Countermeasures (ARC) program. The multiple-award, cost-plus fixed-fee contract has a six-month base period of performance, 54 option months, and a total contract value of $31.5 million for both awardees, if all options are exercised. Work will be performed primarily in Arlington, Va. and Clifton, NJ.

The goal of the ARC program is to enable U.S. airborne electronic warfare systems to automatically generate effective countermeasures against new, unknown and adaptive radars in real-time in the field. Under the contract, SAIC will provide engineering services including the design, development, integration and testing of a viable ARC system that allows ...

Shares of Cleantech Rally Sharply Following News the Co. Now a Certified Supplier to China's Sinopec, CNPC

Paul Quintaro — Wed, 22 May 2013 13:40:13 +0000

Cleantech Solutions International, Inc. (NASDAQ: CLNT), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries and dyeing and finishing equipment to the textile industry, today announced that it has become a certified supplier of components to China Petroleum and Chemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC).

In May 2013, the Company delivered protoypes ...

UPDATE: Pandora Announces Facebook Timeline App

Paul Quintaro — Wed, 22 May 2013 12:31:49 +0000

Pandora (NYSE: P), the leading internet radio service, today announced it is making it easier than ever for more than 200 million registered users to discover and share music they love with friends, by extending its partnership with Facebook (NASDAQ: FB) through a new Timeline App. The enhanced sharing capability makes the Pandora social experience even more personalized by allowing listeners on both mobile and web to automatically publish their music activity to their Facebook Timeline and curate their musical identity within the Music section for timeline.

Pandora Chief Technology Officer and EVP of Product, Tom Conrad said, "Music is a central part of many people's lives and at Pandora we recognize that ...

The Mystery Irish Loophole that Landed Apple in Hot Water

Tim Parker — Wed, 22 May 2013 12:30:44 +0000

Apple (NASDAQ: AAPL) found itself in unfamiliar territory on Tuesday.

CEO Tim Cook was sitting in front of a congressional subcommittee spilling the beans about its offshore operations. Who had ever heard of these three “subsidiaries”, Apple Operations International (AOI), Apple Sales International (ASI) and Apple Operations Europe (AOE)?

The answer is, pretty much nobody until a congressional probe uncovered the entities. As Senator John McCain said, "It is important to understand Apple's byzantine tax structure so that we can effectively close the loopholes utilized by many US multinational companies, particularly in this era of sequestration,"

McCain, in his use of the word, “Byzantine”, was claiming that there is devious action but didn’t claim any illegal activity. Confused by all of this? Here’s the short explanation.

Ireland, with its population of 4.6 million isn’t exactly a world powerhouse with more tax revenue than it knows what to do with. It’s not a Germany, Japan, or United States where it attracts the big revenue producing corporate giants either.

What ...

Corgenix Announces Collaboration with Lilly

Charles Gross — Wed, 22 May 2013 10:49:58 +0000

Corgenix
Medical Corporation (OTC: CONX), a worldwide developer and
marketer of diagnostic test kits, announced today that it has entered
into a collaboration agreement with Eli Lilly and Company (NYSE: LLY) to
...

Le Gaga Receives 'Going Private' Proposal of $4.01/ADS and $0.0802/Ordinary Share

Charles Gross — Wed, 22 May 2013 10:42:10 +0000

Le Gaga Holdings Limited (Nasdaq: GAGA) ("Le Gaga" or the "Company"), a leading greenhouse vegetable producer in China, announced today that its board of directors has received a non-binding proposal letter dated May 21, 2013 from Ms. Na Lai Chiu, the chairman of the Company's board of directors, Mr. Shing Yung Ma, a director and the chief executive officer of the Company, ...

Oncolytics Announces First Stage of Metastatic Melanoma Phase 2 Trial Meets Primary Endpoint

Charles Gross — Wed, 22 May 2013 10:41:03 +0000

Oncolytics Biotech Inc. ("Oncolytics")
(NASDAQ: ONCY) today announced preliminary results from its
U.S. Phase 2 clinical trial in patients with metastatic melanoma using
intravenous administration of REOLYSIN® in combination with carboplatin and paclitaxel (REO 020). The Principal
Investigator is Dr. Devalingam Mahalingam, M.D., Ph.D., MRCP(UK),
MRCP(I), clinical investigator in GI/thoracic…Oncolytics Biotech Inc. ("Oncolytics")
(TSX:ONC, NASDAQ:ONCY) today announced preliminary results from its
U.S. Phase 2 clinical trial in patients with metastatic melanoma using
intravenous administration of REOLYSIN® ...

21Vianet Announces Public Preview of Microsoft Windows Azure Service to be Available June 6 in China

Charles Gross — Wed, 22 May 2013 10:23:08 +0000

21Vianet Group, Inc. (NASDAQ: VNET) ("21Vianet"), the largest carrier-neutral Internet data center services provider in China, announced today the official public preview of Microsoft Corporation's (NASDAQ: MSFT) ("Microsoft"), Windows Azure, in China.

At a ceremony held today at the China Pavilion located at the World Expo site in Shanghai, 21Vianet, in partnership with Microsoft, announced the public preview of Windows Azure service ...

Amarin Receive Patent Allowance for Combination Product of Vascepa and Statin Therapy

Charles Gross — Wed, 22 May 2013 10:16:42 +0000

Amarin Corporation plc (NASDAQ: AMRN), a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health, announced today that the United States Patent and Trademark Office (USPTO) has published notification of a Notice of Allowance for Amarin's U.S. Patent Application Serial Number 13/417,899 titled "Pharmaceutical Compositions Comprising EPA and a Cardiovascular Agent and Methods of Using the ...

Hershey Announces Asia Innovation Center in Shanghai, China

Charles Gross — Wed, 22 May 2013 10:15:31 +0000

As part of the company's strategy to drive global growth and innovation,
...