Author: Devin Weiss

Exelon Corp. (EXC) said it would record a $40 million severance charge in the second quarter for slashing 500 jobs as part of its restructuring initiative. The nation’s largest nuclear power company has been trying to cut...

Shares of Hospitality Properties Trust (HPT) tumbled a day after the real estate investment trust said it would sell 15 million shares in a public offering and use the proceeds to repay debt. Late on Wednesday, the company said...

The Potential Gas Committee (PGC), a respected panel of academics and experts supported by the Colorado School of Mines, has painted an optimistic picture of the nation’s long-term natural gas supply situation. In its...

Over at the Baseline Scenario, James Kwak has a good example of the sort of thing the new Financial Products Safety Commission should be regulating: reverse convertible bonds (read his article here). With these you get a...

Boeing and the USAF Tanker Program: The Plot Thickens!Boeing (BA) apparently is considering proposing on the upcoming USAF Tanker Program re-bid with versions of two of its models — the 767 and the 777 — in the hopes...

The Conference Board’s Leading Indicators Index (LEI) broke above 100 and charted its first 6-month increase since July 2007. But is this a sign for rejoicing? Not quite. Though scores above 100 are considered to signal...

HLTH Corp. (HLTH) has agreed to merge with WebMD Health Corp. (WBMD) in an all-stock deal. HLTH currently owns 48.1 million shares of WebMD, or 80% of total equity. WebMD will be the surviving entity after the merger. As per the...

On March 2, 2009, Auxilium Pharmaceuticals (AUXL) submitted a biologic license application (BLA) to the U.S. FDA for Xiaflex seeking approval for the treatment of Dupuytren’s contracture.The BLA filing represents a major...

Polaris Industries Inc. (PII) gained marginally in the morning session to go past its 200-day average of $29.16 on low volumes. The company has topped the consensus forecast in each of the last 4 quarters with an average of...

J.M. Smucker Co. (SJM) announced adjusted fiscal fourth-quarter profit this morning that far exceeded analysts’ expectations, prompting the peanut-butter and jelly maker to boost its 2010 profit view. The news sent shares...