Berkshire Hathaway Exercises Warrants to Buy 700 Mln Bank of America Shares to Become Top Shareholder

Berkshire Hathaway Exercises Warrants to Buy 700 Mln Bank of America Shares to Become Top Shareholder

Bank of America (BAC) said on Tuesday Berkshire Hathaway (BRK) has exercised its warrants to purchase 700 million shares of Bank of America common stock, and becoming its biggest shareholder. “In 2011, we welcomed Berkshire Hathaway as a shareholder, and we appreciate their continued support now as our largest common shareholder,” said Bank of America Chief Executive Officer Brian Moynihan. The bank said there will be no effect on future […]

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Immune Pharmaceuticals Appoints COO

Immune Pharmaceuticals Appoints COO

Immune Pharmaceuticals was out Monday with a business update and financial highlights for Q2. Dr. Tony Fiorino has joined the company as Chief Medical Officer and Chief Operating Officer. The company said its oncology spin-off, Cytovia, has named Daniel Teper as Chief Executive Officer, with Rama Rao, a former Novartis (NVS) executive, being appointed as Cytovia’s interim Chief Financial Officer and Chief Operating Officer. The company says Cytovia anticipates applying […]

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Gap Second Quarter Results Top Estimates

Gap Second Quarter Results Top Estimates

Global retailer Gap said late Thursday fiscal second-quarter adjusted earnings and net sales beat analyst estimates after comparable sales grew for a third consecutive quarter. Shares climbed in after-hours trading as the company’s higher earnings per share guidance for full-year 2017 came in above the Street’s forecast. Adjusted EPS at $0.58 during the three months that ended July 29 was a nickel better than the analyst consensus on Capital IQ, […]

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Brinker International Fiscal Q4 Tops Views

Brinker International Fiscal Q4 Tops Views

Brinker International shares were higher 4% in pre-market trade after the owner of the Chili’s and Maggiano’s Little Italy restaurant chains reported fiscal Q4 adjusted earnings of $1.09 per share, down from $1.24 in the same period a year ago and topping the estimate of $1.04 from analysts polled by CapIQ. For the quarter ended June 28 total revenues of $810.7 million were down from $881.7 million in the same […]

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Kratos Gets Contract

Kratos Gets Contract

Kratos Defense & Security Solutions, a national security solutions provider, said pre-market Wednesday that its public safety and security division (PSS) has recently received a new $3 million contract from a U.S. national healthcare network. The contract is for the first two phases of the design, engineering, deployment and integration of a physical access control system (PACS) for that unidentified customer. If the healthcare customer completes a proposed third phase […]

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Cyclacel Pharmaceuticals Prices Offering

Cyclacel Pharmaceuticals Prices Offering

Cyclacel Pharmaceuticals plunged in pre-market trade Wednesday, after the company priced an underwritten public offering at a discount to Tuesday’s close. The offering is comprised of Class A Units, priced at a public offering price of $2.00 per unit, with each unit consisting of one share of common stock and a seven-year warrant to purchase one share of common stock with an exercise price of $2.00 per share, and Class […]

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Tetra Tech Awarded Support Contract

Tetra Tech Awarded Support Contract

Tetra Tech has been awarded a contract witht the Federal Aviation Administration’s (FAA) Office of Security and Hazardous Materials Safety (ASH) for a maximum cumulative ceiling value of $77 million for ASH III Program Support Services. Under the terms of the deal, Tetra Tech will provide ASH with cybersecurity services as well as help to manage FAA hazardous materials tracking systems. Tetra Tech will also offer technical services related to […]

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