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Friday, May 17, 2013 - 1:26pm
Tesla Faces Vehicle Sales Pushback from North Carolina Lawmakers
On Monday, Senate passed a bill allowing North Carolina to ban the direct sales of Tesla (NYSE: TSLA) vehicles to consumers. Specifically, the bill would make it illegal for any automaker to bypass dealerships and sell directly in the state. The bill is sponsored by the North Carolina...
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Vascular Solutions Issues Patent Infringement Complaint Against Boston Scientific
Thursday, May 16, 2013 - 4:19pmVascular Solutions, Inc. (Nasdaq: VASC) announced today that it has filed a patent infringement complaint in the U.S. District Court for the District of Minnesota against Boston Scientific Corporation (NYSE: BSX). The complaint alleges that Boston Scientific has infringed three patents owned by...
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Vascular Solutions Files Patent Infringement Complaint Against Boston Scientific
Thursday, May 16, 2013 - 4:07pmVascular Solutions (Nasdaq: VASC) announced today that it has filed a patent infringement complaint in the U.S. District Court for the District of Minnesota against Boston Scientific Corporation (NYSE: BSX). The complaint alleges that Boston Scientific has infringed three patents owned by Vascular...
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Thursday, May 16, 2013 - 3:38pm
Flowers Foods Beats on Revenue Estimate
Flowers Foods (NYSE: FLO), the second-largest producer and marketer of fresh packaged bakery foods in the United States, released earnings results for the fiscal quarter ending March 31, 2013 after the closing bell on Wednesday. In after-hours trading, the stock was up 2.29 percent to $34.42....
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Thursday, May 16, 2013 - 11:01am
Kohl's Surges to Six-Month High on Stylish Earnings
Kohl's (NYSE: KSS) has jumped to a six-month high after posting strong first-quarter results. The Menomonee Falls, Wisconsin-based firm's EPS rose 4.8 percent to $0.66, easily topping the $0.58 Wall Street consensus. Revenue dropped one percent year-over-year to $4.19 billion and fell just...
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SEC Raises Requirement for Chinese Companies for U.S. Listings; Chinese Companies Looking Elsewhere
Thursday, May 16, 2013 - 9:15am
By George Leong for Investment Contrarians Chinese initial public offerings (IPOs) could be hot again this year, but don’t look to America as the breeding grounds: the flow to the U.S. is dead. The big market for Chinese IPOs will be at home in China where there could be as many as 349...
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Wednesday, May 15, 2013 - 4:03pm
Is It Too Late for an Apple-Samsung Settlement?
The two tech titans may have gone too far to reach a peaceful resolution. Last week, Apple (NASDAQ: AAPL) attempted to suck Google (NASDAQ: GOOG) into its ongoing patent dispute with Samsung. The iPhone maker asked a judge to force Google to hand over documents relating to Android, the primary...
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Wednesday, May 15, 2013 - 3:24pm
Summary of Jana Partners 13F: Aetna, Expedia and Kinder Morgan All Raised Among Others
Barry Rosenstein's JANA Partners released its 13F for Q1 Wednesday. Value of fund increased from $3.5 billion to $4.8 billion. (All units are in millions of shares) Raised: • Aetna (NYSE: AET) from 2.6 to 3.8 • Agrium (NYSE: AGU) from 9.4 to 11.2 • Big Lots (NYSE: BIG) from 0.35 to 3.75 •...
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Wednesday, May 15, 2013 - 1:06pm
Could Ouster of Andrew Mason Have Spurred Jana to Accumulate Stake?
Jana Partners, a hedge-fund manager founded by Barry Rosenstein, took a large stake in Groupon (NASDAQ: GRPN) this quarter, according to a 13F filing with the U.S. Securities and Exchange Commission. With a stake of just over 21.9 million shares -- valued at more than $134 million -- Jana is now...
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BIOLASE Awarded Two New Patents
Wednesday, May 15, 2013 - 9:09amBIOLASE (NASDAQ: BIOL), the world's leading manufacturer and distributor of dental lasers, announced today that the U.S. Patent and Trademark Office ("USPTO") has awarded BIOLASE(R) two new patents. Patent 8,439,904 titled "Tapered Fused Waveguide for Teeth Whitening" is related to providing...
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