Affymax (AFFY +0.9%) rebounds from early morning weakness after the company disclosed in a regulatory filing that it has entered into a fourth amendment to its collaboration and license agreements with Takeda Pharmaceutical. The amendment, which is a part of the company's ongoing restructuring efforts, changes the economics from a profit-sharing arrangement to a milestone and royalty-based compensation structure, and stems from the voluntary recall and FDA suspension related to Omontys. [View news story]
why does TAKADA not buy AFFY for a stock transaction and pursue a solution to the problem.........Shareh... are saved and TAKADA has the where with all to bring it back on the market. It will certainly save medicare a load of money v/s Amgen product..............p... I think it was a sabotage job to keep it off the market.........time will tell...
BofA analyst Athanasios Vamvakidis says the ECB should retire the €500 note. Some argue that as much as 90% of the bills are held by organized crime. In theory then, the ECB could set a deadline for all €500 notes to be either deposited or exchanged upon proof of legitimate acquisition. Presumably, the ill-gotten portion would not be redeemed, would become worthless, and the difference between the bills that were not redeemed and their original face value would be a profit for the central bank. [View news story]
Great idea has there been another interview yet since he floated that thought............last scene floating down the Rhine face down....
The Paris apartment of IMF Director Christine Lagarde has been raided by French police and is being searched. The investigation relates to allegations of improprieties from back when she was France's finance minister. [View news story]
Did they find her real male clothes......Another IMF scandal.. in the making....... ....
"My main Cyprus contagion fear is Italy," tweets Reuters' Hugo Dixon. "It doesn't have a government and it has form grabbing deposits (Amato 0.6% in 1992)." Meanwhile, Vladimir Putin calls the proposed tax on banks savings "unjust, unprofessional and dangerous." Wealthy Russian are due to be severely hit by the levy. [View news story]
He for him to comment so quickly have had money hid out there.
Sequenom (SQNM -2.3%) goes into the close a bit stronger than it started out the day, recovering some of its earlier 6% dip on some upbeat preliminary FY12 guidance posted over the weekend. The company said that it is expecting revenues of $89M, equating to a Y/Y growth rate of 59%, but the results were largely overshadowed by Illumina's (ILMN -7.3%) acquisition of Verinata, whose competing verifi test - which analyzes fetal DNA naturally found in a pregnant women's blood to look for missing or extra copies of chromosomes - carry's less risk than Sequenom’s SEQureDx technology. [View news story]
Get the story right.......There is no risk with SQNM test plus it is more accurate than verinata
Coming to a state pension near you? Aiming to save euros, the Spanish government will raise pensions 1%-2% in 2013, less than 2.9% inflation rate at which it pledged to hike payments. The move will save about €3.8B, helping the government stay within its EU-mandated deficit target. [View news story]
right on........many of them are double dippers.........Social security also......!
CME Group will begin paying $2M to former clients - farmers, ranchers, co-ops - of Peregrine Financial after the firm was looted by its founder. The money will come from a $100M fund established after MF Global collapsed - likely a fund the CME didn't expect to have to tap into so soon. [View news story]
As a former exchange member there should be a claw back of officer awards of performance and a claw back of pension deposits and stock awards........These bast ds are responsible for the oversight of compliance first, not the members and stockholders......this gimmick lasted for years...
Former high-frequency trader Dave Lauer is set to attack the practice at a hearing of the Senate Banking subcommittee today. Lauer will testify that HFT has allowed some firms to trade profitably at the expense of other investors, and that it has put markets at risk of crashing. "We are truly in a crisis," Lauer will say. High-speed trader Chris Concannon will give the other side of the story. [View news story]
Quit whining.......all the SEC n\eeds to do is put everybody on the same clock......No exceptions....... HST helps keep market making depth in the game.......Financial institutions benefit........Just keep the system up, running and reliable...... Knight paid the price but they will be back.... Their programing ability to double or triple check itself was the failure........don't forget they added liquidity to the overall market.... The NYSE and SIAC should all be on the same clock and penalties or fines levied for deviating from the fairness doctrine.
Gold will shine in coming months thanks to QE3, strategists say, with Deutsche Bank predicting $2,000 next year and BofA setting a $2,400 target price for 2014. BofA's pick includes a warning that "any abrupt spike in real interest rates that puts an end to the upcoming monetary easing cycle may drive investors out of gold and create substantial downside pressure on prices." [View news story]
Gold may spike alright but it wiil be when the US makes it illegal to own. That spike will be straight down.
The SEC drops its investigation into a $1.3B subprime deal put together by Goldman Sachs (GS) during the property boom, according to Goldman's 10-Q. The SEC move comes 6 months after a "Wells notice" indicated the agency planned to file charges against the bank. [View news story]
Another X on the wall for SEC capabilities and ability to thwart OUT RIGHT the complicity of GOLDMENSACK"s.....
Bristol-Myers Squibb (BMY) -5.2% premarket after it suspends its study of a drug intended to treat liver disease hepatitis C after a patient suffered heart failure, raising questions about the drug's potential and the $2.5B it paid earlier this year to buy the company that developed it. Companies that could benefit from BMY's woes: GILD +8.8%, IDIX +8.2% premarket. [View news story]
Don't forget ACHN it has the chance for a big rebound since it was being looked at the same time BMY bought.
The NYSE is reviewing trades in 148 stocks (Excel spreadsheet) from this morning due to the reported glitch at Knight Capital (KCG -20%). Not on the list are two utility ETFs - XLU and VPU - which also saw volatile price moves and spiking volume. [View news story]
AS a former stock exchange member and director this is the new para-dyne BS. was a total bust and many good people lost their careers.....Its the big scam artists lehman, Bears sterns,and Goldman who came up with this ETN,ETF, CMO"s ....etc.....and forget not the SEC in their infinite wisdom of penny spreads.......Alas government dictating how to run an industry......into the ground. Wall street rewarded performance and the SEC should be walking up backwards to get their checks....
The corn crop is gone, says Dennis Gartman, and despite already high prices, corn and corn-related shares should be bought on any weakness. Stay away from fertilizer stocks, however tempting as they may be as a proxy to corn. Buying them on the premise that laying more fertilizer will save the crop is just a "silly idea," Gartman quips. Fertilizer may be needed next year, but right now, anybody who's laid some down already wishes they hadn't because the crop is completely destroyed. (video) [View news story]
Rectal research at its best..........this guy should polish his crystal ball...........what a loser........there are mitigating forces at work.........ie record new ground broken for corn.......It is not the end of the world........How many corn fields can he see from an office tower?
The U.S. is already in recession, says Ambrose Evans-Pritchard, citing the Economic Cycle Research Institute, adding that the Fed has "drifted into fatalism." The risk is that the Fed is repeating the errors of early to mid 2008 "when failure to respond turned a common garden recession into a disaster." Bernanke's at fault for that. What's needed now is "nuclear force" to drive GDP up to 5%. [View news story]
Yes...... Bernacke doesn't know what to do but I bet you don't either....
Collateral damage from the latest commodities futures scandal: One major scandal in the industry might be called an anomaly, but two is a trend. According to analysts, to allay the well-founded concerns of investors and farmers the industry may have to introduce a type of backstop similar to the SIPC insurance that protects brokerage firm customers to a degree. [View news story]
I agree this problem has been going on for to long but I think the leading commodity firms should get in front of this and demand that their exchanges start this. The MERC should have issued debt instruments to make the injured parties whole after John Corzine debacle. They are losing all previous integrity for futures..........farmers have a long memory....
Affymax (AFFY +0.9%) rebounds from early morning weakness after the company disclosed in a regulatory filing that it has entered into a fourth amendment to its collaboration and license agreements with Takeda Pharmaceutical. The amendment, which is a part of the company's ongoing restructuring efforts, changes the economics from a profit-sharing arrangement to a milestone and royalty-based compensation structure, and stems from the voluntary recall and FDA suspension related to Omontys. [View news story]
BofA analyst Athanasios Vamvakidis says the ECB should retire the €500 note. Some argue that as much as 90% of the bills are held by organized crime. In theory then, the ECB could set a deadline for all €500 notes to be either deposited or exchanged upon proof of legitimate acquisition. Presumably, the ill-gotten portion would not be redeemed, would become worthless, and the difference between the bills that were not redeemed and their original face value would be a profit for the central bank. [View news story]
The Paris apartment of IMF Director Christine Lagarde has been raided by French police and is being searched. The investigation relates to allegations of improprieties from back when she was France's finance minister. [View news story]
"My main Cyprus contagion fear is Italy," tweets Reuters' Hugo Dixon. "It doesn't have a government and it has form grabbing deposits (Amato 0.6% in 1992)." Meanwhile, Vladimir Putin calls the proposed tax on banks savings "unjust, unprofessional and dangerous." Wealthy Russian are due to be severely hit by the levy. [View news story]
Sequenom (SQNM -2.3%) goes into the close a bit stronger than it started out the day, recovering some of its earlier 6% dip on some upbeat preliminary FY12 guidance posted over the weekend. The company said that it is expecting revenues of $89M, equating to a Y/Y growth rate of 59%, but the results were largely overshadowed by Illumina's (ILMN -7.3%) acquisition of Verinata, whose competing verifi test - which analyzes fetal DNA naturally found in a pregnant women's blood to look for missing or extra copies of chromosomes - carry's less risk than Sequenom’s SEQureDx technology. [View news story]
Coming to a state pension near you? Aiming to save euros, the Spanish government will raise pensions 1%-2% in 2013, less than 2.9% inflation rate at which it pledged to hike payments. The move will save about €3.8B, helping the government stay within its EU-mandated deficit target. [View news story]
CME Group will begin paying $2M to former clients - farmers, ranchers, co-ops - of Peregrine Financial after the firm was looted by its founder. The money will come from a $100M fund established after MF Global collapsed - likely a fund the CME didn't expect to have to tap into so soon. [View news story]
Former high-frequency trader Dave Lauer is set to attack the practice at a hearing of the Senate Banking subcommittee today. Lauer will testify that HFT has allowed some firms to trade profitably at the expense of other investors, and that it has put markets at risk of crashing. "We are truly in a crisis," Lauer will say. High-speed trader Chris Concannon will give the other side of the story. [View news story]
Gold will shine in coming months thanks to QE3, strategists say, with Deutsche Bank predicting $2,000 next year and BofA setting a $2,400 target price for 2014. BofA's pick includes a warning that "any abrupt spike in real interest rates that puts an end to the upcoming monetary easing cycle may drive investors out of gold and create substantial downside pressure on prices." [View news story]
The SEC drops its investigation into a $1.3B subprime deal put together by Goldman Sachs (GS) during the property boom, according to Goldman's 10-Q. The SEC move comes 6 months after a "Wells notice" indicated the agency planned to file charges against the bank. [View news story]
Bristol-Myers Squibb (BMY) -5.2% premarket after it suspends its study of a drug intended to treat liver disease hepatitis C after a patient suffered heart failure, raising questions about the drug's potential and the $2.5B it paid earlier this year to buy the company that developed it. Companies that could benefit from BMY's woes: GILD +8.8%, IDIX +8.2% premarket. [View news story]
The NYSE is reviewing trades in 148 stocks (Excel spreadsheet) from this morning due to the reported glitch at Knight Capital (KCG -20%). Not on the list are two utility ETFs - XLU and VPU - which also saw volatile price moves and spiking volume. [View news story]
The corn crop is gone, says Dennis Gartman, and despite already high prices, corn and corn-related shares should be bought on any weakness. Stay away from fertilizer stocks, however tempting as they may be as a proxy to corn. Buying them on the premise that laying more fertilizer will save the crop is just a "silly idea," Gartman quips. Fertilizer may be needed next year, but right now, anybody who's laid some down already wishes they hadn't because the crop is completely destroyed. (video) [View news story]
The U.S. is already in recession, says Ambrose Evans-Pritchard, citing the Economic Cycle Research Institute, adding that the Fed has "drifted into fatalism." The risk is that the Fed is repeating the errors of early to mid 2008 "when failure to respond turned a common garden recession into a disaster." Bernanke's at fault for that. What's needed now is "nuclear force" to drive GDP up to 5%. [View news story]
Collateral damage from the latest commodities futures scandal: One major scandal in the industry might be called an anomaly, but two is a trend. According to analysts, to allay the well-founded concerns of investors and farmers the industry may have to introduce a type of backstop similar to the SIPC insurance that protects brokerage firm customers to a degree. [View news story]