SDC Financial Guide

Learn More About Credit Everyday!

Archive for the 'Corporation' Category

25 April
Comments Off on Luminex Corporation Receives FDA Clearance and CE Mark for SYNCT Software

Luminex Corporation Receives FDA Clearance and CE Mark for SYNCT Software

AUSTIN, Texas, April 14, 2016 /PRNewswire/ –Luminex Corporation (NASDAQ: LMNX) today announced that its SYNCT Software has received both US Food and Drug Administration (FDA) clearance and CE Marking for use with its ARIES System and NxTAG assays on the MAGPIX System. SYNCT Software is middleware that provides access to data and reports through a single interface, and allows for customizable workflows by connecting ARIES and NxTAG-enabled MAGPIX workstations in the lab.

Specifically designed for molecular laboratories running ARIES and NxTAG assays, SYNCT empowers laboratory directors by offering a streamlined workflow, enhanced data management, and the ability to easily add new functionality. From anywhere in the lab, users can create and prepare orders or manage results from all next-generation Luminex instruments, allowing for division of labor and flexibility to work within any lab process connected to SYNCT. Centralized reporting allows for higher-quality results because data can be accumulated in one place and overseen by the laboratory director. Labs with multiple locations can use SYNCT Software to route all results to a single reviewer, anywhere on the lab network, before sending to the lab information system.

24 April
Comments Off on Microsoft Corporation Sues DoJ Over Secret Data Warrants

Microsoft Corporation Sues DoJ Over Secret Data Warrants

According to Microsoft Corp. the company has filed a lawsuit against the US Department of Justice in order to void a law that currently forces the tech company to hand over customer data to law enforcement.

Microsoft says that it is forced to hand over customer emails and other data without their knowledge. The case features some of the same elements present in the Apple versus FBI legal battle over breaking the encryption on a suspect’s iPhone, writes Dina Bass for Bloomberg.

Microsoft engaged in long-running legal battle over customer privacy

While Apple refused to undermine customer privacy by providing a backdoor into the iOS operating system, Microsoft has had its own legal battle for over 2 years. Lawyers for the tech company allege that the 1986 Electronic Communications Privacy Act is unconstitutional. They cite the company’s First Amendment free speech rights and its customers’ Fourth Amendment right to know if the government has searched or seized their property.

Due to the law Microsoft is essentially subject to an unlimited gagging order, according to the complaint filed in Seattle. Microsoft not only wants to protect civil liberties but also its ability to sell services that clients can trust, it said.

“It’s very important for businesses to know when the government is accessing their file room, whether the file room is down the hall or in the cloud, said Microsoft President and Chief Legal Officer Brad Smith, noting that consumers and privacy groups have expressed concern about the issue. “People shouldn’t lose their rights simply because technology is moving to the cloud.”

21 April
Comments Off on 3D Systems Corporation (DDD) Stock Jumps on Merrill Lynch Upgrade

3D Systems Corporation (DDD) Stock Jumps on Merrill Lynch Upgrade

3D Systems Corporation (NYSE:DDD) stock rallied over 7% during the pre-market hours today, after Merrill Lynch analysts bumped their rating on it from Underperform to Buy. The 3D printer maker has struggled to perform well in the market, as DDD shares slipped almost 45% in the past 12 months, primarily on the back of the weak end-market demand.

Despite the weak fundamentals in the 3D printing market, the company has posted better-than-expected top- and bottom-line results for the fourth quarter of fiscal 2015 (4QFY15). It posted adjusted earnings per share (EPS) of $0.19, which beat the Streets estimate by $0.16. Moreover, the company generated $183.40 million in total revenue, compared to the $166.38-million consensus estimate.

DDD stock surged roughly 14% right after the earnings call. However, JPMorgan and Gabelli revised down their ratings on the stock, and called the post-earnings rally an overreaction.

Earlier this month, 3D Systems appointed ex-HP executive Vyomesh Joshi to replace Andy Johnson as the companys permanent CEO, effective immediately. Mr. Joshi highlighted the lack of infrastructure as one of the major problems faced by the 3D printing sector.

Merrill Lynch analysts believe that the new CEOs appointment will prove to be a positive catalyst for the company, going forward. The research firm believes that the new direction and strategy under Mr. Joshi will help 3D Systems align its cost structure with the revenue growth, and ultimately improve the overall profitability.

The analysts made an upward revision in their target price from $11 to $26, and cited significant room for margin expansion. The sell-side firm underscored 3D Systems 52.7% gross margin in 3QFY13, which compressed significantly to 46.9% in the same quarter of fiscal year 2015 (FY15). Merrill Lynch believes that there is plenty of room for margin expansion in the upcoming quarters, and the compression witnessed in the last few years was based on inventory write-downs and industry-related headwinds.

On the other hand, Piper Jaffray analysts issued warning after their 3D-printing survey indicated a continued slowdown in the end-market demand. However, the research firm expects the demand to stabilize in the second quarter, this year. 3D Systems stock has surged over 90% since the start of FY16, compared to its industry peer Stratasys, which gained merely 15%.

20 April
Comments Off on Whiting Petroleum Corporation Announces First Quarter 2016 Earnings Release Date and Conference Call

Whiting Petroleum Corporation Announces First Quarter 2016 Earnings Release Date and Conference Call

DENVER–(BUSINESS WIRE)–Whiting Petroleum Corporation (NYSE:WLL)
will release its first quarter 2016 financial and operating results on
Wednesday, April 27, 2016 after the market closes. A conference call
with investors, analysts and other interested parties is scheduled for
11:00 am EDT (10:00 am CDT, 9:00 am MDT) on Thursday, April 28,
2016 to discuss Whitings first quarter 2016 financial and operating
results. Participants are encouraged to pre-register for the conference
call by clicking on the following link: http://dpregister.com/10084178.
Callers who pre-register will be given a unique telephone number and PIN
to gain immediate access on the day of the call.

Those without internet access or unable to pre-register may join the
live call by dialing: (877) 328-5506 (US); (866) 450-4696 (Canada) or
(412) 317-5422 (International) to be connected to the call. Presentation
slides will be available at http://www.whiting.com
by clicking on the “Investor Relations” box on the menu and then on the
link titled Presentations amp; Events.

A telephonic replay will be available beginning one to two hours after
the call on Thursday, April 28, 2016 and continuing through Thursday,
May 5, 2016. You may access this replay at (877) 344-7529 (US), (855)
669-9658 (Canada) or (412) 317-0088 (International) and enter the replay
access code 10084178.

About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation, is an independent
oil and gas company that explores for, develops, acquires and produces
crude oil, natural gas and natural gas liquids primarily in the Rocky
Mountain and Permian Basin regions of the United States. The Company’s
largest projects are in the Bakken and Three Forks plays in North
Dakota, the Niobrara play in northeast Colorado and its Enhanced Oil
Recovery field in Texas. The Company trades publicly under the symbol
WLL on the New York Stock Exchange. For further information, please
visit http://www.whiting.com.

20 April
Comments Off on Intrexon Corporation | $XON Stock | Shares Spike Up On News Of Two New Collaborations With Harvest Intrexon …

Intrexon Corporation | $XON Stock | Shares Spike Up On News Of Two New Collaborations With Harvest Intrexon …

Intrexon Corporation (NYSE: XON)

Intrexon Corporation (XON), a synthetic biology company yesterday announced that they have entered into Exclusive Channel Collaborations (ECC) with two startups backed by Harvest Intrexon Enterprise Fund.

Intrexon Corporation Senior VP Comments

We are excited to enter into these new collaborations within Intrexon’s Health Sector to advance medicine on multiple fronts, said Samuel Broder, MD, Senior Vice President, Head of Intrexon’s Health Sector.  Neuropathic pain is a tremendous unmet need in healthcare today.  The collaboration with Relieve Genetics offers a significant opportunity to materially impact the lives of many patients who are in desperate need of relief from pain refractory to other therapies including opiates.  Dr. Broder continued, Intrexon’s work in engineering complex miRNAs holds particular promise for an exosome-based platform to address certain cancers, for which conventional approaches have failed.  In addition to the significant progress underway with our partner ZIOPHARM Oncology in the utilization of gene and adoptive cellular therapies against numerous cancer types, we look forward to introducing a new and important modality with Exotech Bio to treat cancer patients who have limited options under current treatment approaches.  PR Newswire

XON Technical Analysis

XON opened trading yesterday at $34.29 up from the previous days closing price of $32.99, equivalent to a 4% increase in price. XON closed trading on Wednesday  at $35.69 equivalent to a 4% increase in price from the opening price. After market on Wednesday XON continued its move up to $36.49 equivalent to a 2% increase in price from the closing price.  Taking a look at the daily chart we can see the last time XON traded below this price level was on March 22nd when it traded at $37.80. Taking a closer look at the daily chart we can see that XON has been rallying off of its 52 week low price of $18.52 reached on January 14th. XON has a float of 52.93 million shares and traded 1.08 times the normal daily trading volume on Wednesday.

Company Profile

Intrexon Corporation operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that consist of key genetic components. Its technologies include UltraVector gene design and fabrication platform, and its associated library of modular DNA components; RheoSwitch inducible gene switch; Cell Systems Informatics; AttSite Recombinases; Protein Engineering; antibody discovery; LEAP processing; and ActoBiotics platform. It also provides reproductive technologies and other genetic processes to cattle breeders and producers; genetic preservation and cloning technologies; genetically engineered swine for medical and genetic research; biological insect control solutions; technologies for non-browning apple without the use of any flavor altering chemical or antioxidant additives; and commercial aquaculture products. The company serves health, food, energy, environment, and consumer sectors. Intrexon Corporation has collaboration and license agreements with Ares Trading SA; ZIOPHARM Oncology, Inc.; Oragenics, Inc.; Fibrocell Science, Inc.; Genopaver, LLC; S amp; I Ophthalmic, LLC; OvaXon, LLC; Intrexon Energy Partners, LLC; Persea Bio, LLC; Thrive Agrobiotics, Inc.; Intrexon Energy Partners II, LLC; and others. The company was formerly known as Genomatix Ltd. and changed its name to Intrexon Corporation in 2005. Intrexon Corporation was founded in 1998 and is based in Germantown, Maryland. Yahoo Finance

IMAGE CREDIT

19 April
Comments Off on $830 million corporation pulling out of South Carolina over proposed anti-LGBT bill

$830 million corporation pulling out of South Carolina over proposed anti-LGBT bill

Alabama, Indiana, Mississippi and North Carolina are learning the hard way what their right-wing values get them in the end. Now just the proposal of a so-called bathroom bill in South Carolina has sent one gay chief executive officer is packing his jobs for California.

Anthony Watson, CEO of Uphold, describes himself as an “openly gay, British CEO, according to The State. Hes decided to take his financial services company, which has handled $830 million in transactions since 2014, to Los Angeles instead of sticking it out.

19 April
Comments Off on Microsoft Corporation (NASDAQ:MSFT) Releases Updates For OneDrive For Business

Microsoft Corporation (NASDAQ:MSFT) Releases Updates For OneDrive For Business

Microsoft Corporation (NASDAQ:MSFT) has released a number of updates to OneDrive For Business to boost its enterprise service.

The updates come amid improvements in the performance of OneDrive for Business. Jeff Teper, the corporate VP for SharePoint and Onedrive stated in a blog post that that the company is aware that there is a constant need for growth, and the company can always improve on something.

Click Here For More Market Exclusive Updates amp; Analysis

One of the recent spring updates is the ability to prevent various types of files from synchronizing. This feature might be important for addressing possible bandwidth problems. The company did not announce which files could be blocked, but it gave examples with .MKV and .PST files. Another update is the synchronization features for devices running on Windows 8.1. OneDrive for Business previously lacked full support for the sync feature for Windows 8.1, but there was some lag which the update aims to fix.

Most of the updates are designed to improve the end-user experience. The sync client now allows users to add any type of file to their OneDrive for Business storage. The files can be accessed from Windows Explorer on the desktop by right-clicking to access a file. Microsoft also announced that it will introduce a new feature which will prevent files from synchronizing for duration of time. It calls the feature Pause syncing and it plans to launch it in the summer.

The company also plans to launch a few other features including the ability to share files by simply right-clicking a file in Windows Explorer. It will also launch the ability for IT professionals to regulate bandwidth consumption of the client. There will be some mobile improvements for the service such as integration with Outlook apps for both iOS and Android devices. Android users will get an embedded office experience as well as the ability to view PDFs. iOS users will receive file sharing options through Outlook Mobile, mail and SMS.

18 April
Comments Off on Erie Co. Sheriff’s Office receives $40000 grant from NYS Canal Corporation

Erie Co. Sheriff’s Office receives $40000 grant from NYS Canal Corporation

BUFFALO, NY (WIVB) — The Erie County Sheriff’s Office will be improving upon their Marine Unit after receiving a $40,000 grant from the New York State Canal Corporation.

The grant money will help the marine patrol efforts of the Sheriff’s Office on the Erie County section of the canal.

“The Erie County Sheriff’s Marine Unit is responsible for patrolling parts of Lake Erie, Niagara River, the Erie Canal and other waterways along the over 90 miles of Erie County shoreline, said Sheriff Timothy Howard.  I believe our marine unit is instrumental in maintaining safe waterways by enforcing navigation laws and educating the boating public. This grant will provide us additional resources to patrol along the Erie Canal.”

The Erie Barge Canal system itself is 524 miles long.

The grant must be approved by the county legislature and County Executive Mark Poloncarz in order for it to be accepted.

17 April
Comments Off on Microsoft Corporation Dives Headlong Into AI

Microsoft Corporation Dives Headlong Into AI

onload=function f(u){ var d=document, s = d.createElement(\script\); s.type=\text/javascript\; s.src=u; d.body.appendChild(s); } f(\+pr+cfgUrl+\); f(\+pr+restUrl+\);><\/body>);i.close();})();
























</p> <p> Microsoft Corporation Dives Headlong Into AI — The Motley Fool</p> <p>

17 April
Comments Off on Microsoft Corporation (MSFT) AI Creates Captions for Users’ Photos

Microsoft Corporation (MSFT) AI Creates Captions for Users’ Photos

Microsoft Corporation (NASDAQ:MSFT) has been doing its very best to get its AI program off the ground. Even though it has made tremendous progress, and has at the same time managed to turn heads, it still hasnt reached where it was supposed to in terms of progress. Its AI chatbot, Tay failed miserably for Twitter; even though it wasnt the tech giants fault, the company still needs to work on the technology and get rid of the kinks that prevent it from reaching its true potential. This time around, the company tried to experiment with a new AI designed to describe photos.