Home Depot and Moderna rise while Fabrinet and Sarepta fall

NEW YORK — Stocks that moved substantially or traded heavily on Tuesday:Home Depot Inc., up $9.14 to $217.09The home improvement retailer handily beat Wall Street’s second quarter profit forecasts as the housing market gained strength.Baidu Inc., up $4.50 to $108.72The Chinese internet search company reported a boost in user traffic and its second quarter profit beat Wall Street forecasts.Elanco Animal Health Inc., down $2.55 to $27.26The company is spending $7.6 billion in cash and stock for Bayer’s animal health business.Sarepta Therapeutics Inc., down $18.24 to $102.07The Food and Drug Administration declined approval for the drug developer’s newest muscular dystrophy treatment.Moderna Inc., up 75 cents to $14.15Regulators are putting the biotechnology company’s potential vaccine for the Zika virus under a special fast-track review process.Medtronic PLC, up $2.73 to $106.91The medical device maker’s results surpassed Wall Street’s fiscal first quarter financial expectations and the company raised its profit forecast for the year.Fabrinet, down $10 to $46.46The optical technology company gave investors a weak profit forecast for the current quarter.Kohl’s Corp., down $3.32 to $44.88The department store reported a sharper than expected decline in sales at established locations during the second quarter.The Associated Press read more

Rocmec signs new contractor deal for thermal fragmentation technology

first_imgCanada’s Rocmec Mining has entered into a sub-licensing agreement with mining contractor, Don Bourgeois and Sons covering the usage of Rocmec’s exclusive and patented thermal fragmentation mining method. The sub-licensing agreement is for a period of three years and grants the contractor exclusive access to the technology within the provinces of Quebec and Ontario. Both parties will have similar responsibilities pertaining to the promotion, showcasing and implementation of the technology. Don Bourgeois and Sons is to maintain separate accounting records for the usage of the thermal fragmentation mining method within its mining contracts, equipment leasing contracts and/or other types of contracts  Net revenues will be equally shared between the parties.“Following a thorough evaluation of the process, I strongly believe it corresponds to the needs of the industry and I am convinced that future clients will greatly benefit from cost reductions, increased productivity, reduced dilution and improvement in mine safety”, stated Norm Parker, General Manager of Don Bourgeois and Sons. “We are extremely pleased to join forces with such a credible mining contractor; it is a major step forward for Rocmec as accrued interest in the technology will definitely lead to widespread usage of our mining method”, said Donald Brisebois, President and CEO of Rocmec. The Thermal Fragmentation Mining Method video can be viewed on Rocmec’s website or by clicking the following link: http://www.rocmecmines.com/video_an.asplast_img read more

Heres how the Taoiseach and Tánaiste are spending the St Patricks Weekend

first_imgBOTH THE TAOISEACH and Tánaiste will depart today for the first stages of their St Patrick’s Day programmes.28 Ministers are taking part in the “Promote Ireland” campaign, travelling to 35 cities across the world over the weekend.Enda Kenny is travelling to Washington, before heading to Boston on Sunday, and New York on Monday and Tuesday.The focus of the trip will be to highlight Ireland’s exit from the bailout programme, our return to the bond markets, and other indicators that the economy is beginning to improve.Joe BidenThe Taoiseach will address the American-Ireland Fund in Washington, and also attend a breakfast meeting with the US Vice President Joe Biden.Kenny yesterday dismissed speculation that he might not attend New York’s St Patrick’s Day parade, saying that the sexuality of those participating “is a matter for themselves”.Tánaiste Eamon Gilmore’s trip to Paris has a similar focus, aimed at “boosting Ireland’s economic and political ties with France”.EU integrationHe will meet with President François Hollande, Prime Minister Jean-Marc Ayrault and Foreign Minister Laurent Fabiu to discuss a range of topics from EU integration to the crisis in the Ukraine.The Tánaiste will also meet with Irish exports at the Wabel Frozen Food summit, before representing the Irish Government at the Ireland v France Six Nations match at the Stade de France.Full details of where other Ministers are jetting off to are available here.Read: No u-turn from Taoiseach on NY parade, says sexuality of marchers ‘is a matter for themselves’ >last_img read more