Latest Financial economics Stories
NEW YORK, June 18, 2013 /PRNewswire/ -- Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT), a clinical stage biopharmaceutical company focused on the development and commercialization of novel bile acid therapeutics to treat chronic liver diseases, today announced the pricing of an underwritten public offering of 1,730,000 shares of its common stock at a public offering price of $33.01 per share. In addition, Intercept has granted the underwriters a 30-day option to purchase up to an...
LAVAL, Quebec, June 18, 2013 /PRNewswire/ -- Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) has priced its previously announced public offering of common shares (the "Offering"). Pursuant to the Offering, the Company will issue 23,529,412 common shares at a price of $85.00 per share, for aggregate gross proceeds of approximately $2.0 billion. The Company will file a final prospectus supplement to its effective shelf registration statement on Form S-3 and will...
BRENTWOOD, Tenn., June 18, 2013 /PRNewswire/ -- In less than nine months after uncovering the $215 million Peregrine Financial Group (PFG) fraud, Confirmation.com's electronic audit confirmation service was used to uncover another financial fraud. This time it was hedge fund owner and operator James A. Shepherd of Vass, North Carolina who pled guilty to stealing millions of dollars from more than 100 investors over a seven-year period. According to court records, James Shepherd...
PARSIPPANY, N.J., June 18, 2013 /PRNewswire/ -- Actavis, Inc. (NYSE: ACT) today announced that Actavis Limited ("New Actavis") has filed with the U.S. Securities and Exchange Commission (SEC) a registration statement on Form S-4 in connection with Actavis' proposed acquisition of Warner Chilcott plc (NASDAQ: WCRX), which included a joint proxy statement of Actavis and Warner Chilcott (the "Form S-4"). As previously announced on May 20, 2013, Actavis and Warner Chilcott have entered...
PITTSBURGH, June 18, 2013 /PRNewswire/ -- Mylan Inc. (Nasdaq: MYL) today announced the pricing of a private placement of $500 million aggregate principal amount of 1.80% Senior Notes due 2016 at an issue price of 99.925% and $650 million aggregate principal amount of 2.60% Senior Notes due 2018 at an issue price of 99.791%. Mylan intends to use the net proceeds from the offering to repay term loans borrowed under its credit facility. Subject to customary closing conditions, the sale...
Clients can measure impact of store performance and shopping patterns across channels NEW YORK, June 18, 2013 /PRNewswire/ -- Experian FootFall, a market leading provider of visitor analytics, today announced the launch of its Site Analytics software which provides retailers with the tools to seamlessly understand all facets of their business and obtain a sharper view of consumer behavior. Utilizing this cloud-based software, marketers are armed with an advanced multichannel...
NEW YORK, June 18, 2013 /PRNewswire/ -- To help capital markets companies gain insight into the changing market and drive industry co-innovation, SAP AG (NYSE: SAP) today announced the "Designing Tomorrow's Capital Markets" contest. Supported by the SAP® University Alliances program, financial engineering university students are invited to share ideas for new technology solutions for the financial markets. The goal of the contest is to create and identify future capital markets...
Council for Disability Awareness releases eighth annual Long Term Disability Claims Review PORTLAND, Maine, June 18, 2013 /PRNewswire-USNewswire/ -- The Council for Disability Awareness (CDA) today released its eighth annual Long Term Disability Claims Review, which consolidates and summarizes claim data and trends from America's top disability insurance companies. CDA announced that the total amount of long term disability claim payments continued to increase in 2012. In addition,...
Connecture's InsureAdvantage makes it easier to purchase the right MVP health plan BROOKFIELD, Wis. & SCHENECTADY, N.Y., June 18, 2013 /PRNewswire/ -- MVP Health Care(®) today announced that it has selected sales automation technology company Connecture, Inc. to facilitate an online shopping, enrollment, retention and billing platform for its Individual and Group products. Connecture's InsureAdvantage is a modular offering designed to integrate seamlessly with health plan...
Proposed copayments, coinsurance and deductibles higher than current plans SUNNYVALE, Calif., June 18, 2013 /PRNewswire-USNewswire/ -- A new analysis from HealthPocket, Inc. of early health insurance rate filings finds that the least expensive plans under the Affordable Care Act (ACA) have higher out-of-pocket costs for consumers compared to current plans in the individual and family insurance market. While most states have yet to publish their rates, "Bronze Plan" filings from...
