Carnival Beats Q2 Estimates

Carnival Beats Q2 Estimates

Carnival reported Q2 adjusted EPS $0.52 versus $0.49 for the same period last year. This beat the $0.48 Capital IQ estimate. Revenue for the quarter came in at $3.95 billion, up from $3.71 billion in the prior year. This was ahead of the $3.89 billion Capital IQ estimate. ADRs were up 0.5% in recent pre-market trade. The company says it expects Q3 adjusted earnings per share in the range of […]

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Hess Agrees to Sell Some Assets in Permian Basin

Hess Agrees to Sell Some Assets in Permian Basin

Hess said Monday it has agreed to sell its interests in certain assets in the Permian Basin to Occidental Petroleum Corporation (OXY) for $600 million as of June 1 to finance expansion of the business. The assets involved are enhanced oil recovery (EOR) assets and include the Seminole-San Andres Unit, with Hess holding 34.2%; the Seminole Gas Processing Plant, in which it has 46.6% interest, in Texas; the West Bravo […]

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BioLife Solutions Signs Supply Agreement

BioLife Solutions Signs Supply Agreement

BioLife Solutions, a developer and manufacturer of biopreservation tools and services for cells, tissues and organs, said Wednesday that it has entered into a supply agreement with Adaptimmune Therapeutics plc (ADAP), clinical-stage biopharmaceutical company. Adaptimmune Therapeutics develops cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. Its SPEAR T-cells have shown evidence of tumor reduction in patients as well as a promising risk/benefit profile. BioLife’s […]

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General Mills Signs Wind Power Agreement

General Mills Signs Wind Power Agreement

General Mills said early Thursday that it has signed a virtual 15-year power purchase agreement with Renewable Energy Systems, a global renewable energy and energy storage development and construction company, for 100-megawatts (MW) of its Cactus Flats wind project. The wind project will produce renewable energy credits for General Mills that can be applied toward the company’s greenhouse gas emission reduction goals. During the peak of construction, the project will […]

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Pfizer Receives FDA Fast Track Designation For Tafamidis

Pfizer Receives FDA Fast Track Designation For Tafamidis

The U.S. Food and Drug Administration has granted fast track designation to Pfizer’s tafamidis, the company’s investigational treatment for transthyretin cardiomyopathy (TTR-CM), a rare, universally fatal disease associated with progressive heart failure. There are currently approximately 1,000 diagnosed patients with TTR-CM worldwide, although the disease is believed to be significantly underdiagnosed Currently in phase 3 clinical development, tafamidis is being evaluated for its potential to reduce mortality and cardiovascular-related hospitalizations. […]

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Hill International Wins Subcontract

Hill International Wins Subcontract

Hill International, a professional services firm, said Wednesday that it has received a subcontract valued at $5.8 million from Jacobs Engineering (JEC) to assist them in providing construction management services to the New York Metropolitan Transportation Authority for the rehabilitation of the Canarsie Tunnel in New York City. Under the award, the company will be supporting Jacobs in providing pre-construction and construction management services during the tunnels rehabilitation, and also […]

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Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

The Royal Bank Scotland (RBS) said Friday it responded to the U.K.’s Financial Conduct Authority with regard to media speculation that highlighted an alleged money laundering scheme involving Russian entities between 2010 and 2014. ADRs climbed more than 1% intraday. “Allegedly certain European banks, including 17 UK based financial institutions, and certain U.S. banks, were involved in processing certain transactions associated with this scheme,” the lender said in a Form […]

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