US News

What is going on? On January 5, 2015, Asta Funding, Inc. (Nasdaq:ASFI), a consumer receivable asset management and liquidation company, received a staff determination letter from the Nasdaq stating that the Company was not in compliance with its rules for continued listing, Rule 4310(c)(14), because it has not timely filed its Annual Report on Form […]

I noticed something strange as I browsed the financial news whilst enjoy my morning coffee. In London, Tesco’s share price (LSE:TSCO) had risen nearly 15%, partly on the report of good December sales and partly because CEO Dave Lewis had announced plans to close 43 of its stores in the UK. Then, “what before my […]

BP contributes $143 billion to US economy and supports nearly 220,000 jobs BP’s business activities in the US helped generate close to $143 billion in economic impact in 2013 and currently support nearly 220,000 American jobs, according to the company’s US Economic Impact Report 2014. Released today, BP’s new report provides a detailed, state-by-state look […]

Call it fate. Call it irony. Call it coincidence. Call it whatever you want to call it, but on the day that I decide to catch up with Gulf Keystone Petroleum (LSE:GKP), my esteemed colleague, Azeez Mustapha has also published his Annual Trading Forecast on Gulf Keystone. But wait. We do not have the same perspective […]

++BREAKING NEWS++ Cempra, Inc. (Nasdaq:CEMP), a clinical-stage pharmaceutical company focused on developing antibiotics to meet critical medical needs in the treatment of bacterial infectious diseases, today announced its intention to offer and sell shares of its common stock with an aggregate public offering price of approximately $100 million in an underwritten public offering pursuant to...

Joins the exchange Metabolix, Inc. (Nasdaq:MBLX), an advanced biomaterials company focused on sustainable solutions for the plastics industry, today announced that it received a positive determination from the Nasdaq Stock Market on January 5, 2015 granting approval of the Company’s request to transfer its listing to the Nasdaq Capital Market from the Nasdaq Global Market. […]

No cost figure released TowneBank (Nasdaq:TOWN) announced that, at the close of business on January 2, 2015, it completed the previously announced acquisition of Franklin Financial Corporation, parent company of Franklin Federal Savings Bank, one of the oldest and largest community-based financial institutions in central Virginia. All eight Franklin branches opened today as TowneBank Richmond...

Yes, they are. Pittsburgh, PA-based L.B. Foster Company (Nasdaq:FSTR) today announced an agreement to acquire Chemtec Energy Services, LLC of Willis, Texas, a major supplier of blending, injection and custody transfer metering skids for critical uses in the oil and gas industry. Chemtec is an ideal acquisition as it expands L.B. Foster’s ability to provide […]

Let us find out what is on offer Avalanche Biotechnologies, Inc. (Nasdaq:AAVL), a clinical-stage biotechnology company focused on discovering and developing novel gene therapies to transform the lives of patients with sight-threatening ophthalmic diseases, today announced that it filed a registration statement on Form S-1/A with the Securities and Exchange Commission relating to a proposed...

Details below. Bryn Mawr Bank Corporation (Nasdaq:BMTC), parent of The Bryn Mawr Trust Company, today announced it completed its previously announced merger with Continental Bank Holdings, Inc. (CBH), the parent company of Continental Bank (Continental), a high-quality community bank headquartered in Plymouth Meeting, Pennsylvania. Pursuant to the terms of the merger, CBH merged with and...