Author: Devin Weiss

Fluor Corp. (FLR) said on Tuesday that it has bagged a contract from Canada’s Imperial Oil Ltd. (IMO) for the Kearl oil sands project. The Texas-based company expects to book about $1.5 billion from the contract this year,...

On July 7, 2009, Celgene International Sàrl, the Swiss unit of biopharmaceutical company Celgene Corp. (CELG) fileda New Drug Application (NDA) with the Japanese Ministry of Health, Labor and Welfare (MHLW) for Revlimid...

Merge Healthcare (MRGE) recently announced preliminary results for the second quarter of fiscal 2009. The company expects revenue between $15.0 million and $15.5 million, an increase of roughly 13% to 17%, respectively over the...

On July 6, 2009, Shire plc (SHPGY) announced that it has filed a treatment protocol for velaglucerase alfa, the company’s enzyme replacement therapy that is being developed for the treatment of Gaucher Disease. The company...

According to a report released by Reis Inc., a leading real estate research firm, the US office market vacancy rate has surged to 15.9% in the second quarter of 2009 – the highest in four years. With deteriorating demand...

Southwest Airlines Co. (LUV) announced today that it recorded a 2.1% decline in passenger traffic for June. The airline flew 6.7 billion revenue passenger miles (RPMs) last month, compared to 6.9 billion RPMs in the year-ago...

Columbus, Indiana-based Cummins Inc. (CMI) is a leading worldwide designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related components, fuel systems, controls...

It has recently come to light that Toyota (TM) is building up a number of patents protecting its fuel-saving technologies that would ultimately help it in evading competition. This would also double up as a revenue-making...

Sonic Foundry (SOFO) recently developed Mediasite 5.1, which is the latest release from its webcasting portfolio. The new version of Mediasite offers enhancement to Mediasite Recorders, webcasting appliances that capture, encode...

Sonoco Products Company (SON), a global manufacturer of consumer and industrial packaging products, is scheduled to report its second quarter results next week. We expect the company to report EPS of $0.38, at the high end of...