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Gilead Sciences (GILD)
Gilead Sciences today announced the presentation of three-year (144-week) open label data from two pivotal Phase III clinical trials, Studies 102 and 103, evaluating the safety and efficacy of once-daily Viread® (tenofovir disoproxil fumarate) among adult patients with chronic hepatitis B virus (HBV) infection.
These new data show that the majority of patients who received Viread for up to 144 weeks experienced sustained suppression of HBV DNA levels in the blood to below 400 copies/mL (87 percent in Study 102 and 71 percent in Study 103). Additionally, cumulatively over 144 weeks, 8 percent of all patients in Study 103 (HBeAg-positive) experienced “s” antigen (HBsAg) loss, which can contribute to resolution of chronic hepatitis B infection. Notably, no mutations associated with resistance to Viread developed in any patients up to 144 weeks of treatment.
Nov 5 · 1:02:00 PM · Source: Business Wire
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by Michael Oliveto
GE (GE)
GE Money, the consumer lending unit of GE and Oreck Corporation announced an agreement for a new consumer financing program.
The Oreck Power Card is part of the GE Money Home Design revolving credit program, and enables consumers to enjoy affordable monthly payments, special promotional financing options and online account management.
Nov 5 · 12:49:00 PM · Source: Reuters
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by Michael Oliveto
Hyatt Hotels (H)
Hyatt Hotels Corp., a leading global hospitality company, opened for trading Thursday on the New York Stock Exchange under the ticker symbol “H” after its successful initial public offering in which it raised $950 million in gross proceeds. Headquartered in Chicago, Hyatt Hotels Corp. is the 18th IPO by an operating company on the New York Stock Exchange this year.
Nov 5 · 12:47:00 PM · Source: Company News
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by Larry Etter
General Dynamics (GD)
General Dynamics Armament and Technical Products has been awarded a $17 million contract to produce gun systems for the Phalanx Block 1B Close-In Weapon System (CIWS) and the Centurion Land-Based Phalanx Weapon System by Raytheon Missile Systems of Louisville, Ky.
The Phalanx Block 1B CIWS is the most recent upgrade of the Phalanx CIWS. Phalanx is a fully autonomous, radar-directed, rapid-fire 20mm Gatling-gun system that provides naval ships with the last line of defense against a variety of threats including anti-ship missiles, aircraft, high-speed watercraft and other air and surface threats.
Nov 5 · 12:41:00 PM · Source: PR Newswire · Related: Raytheon
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by Michael Oliveto
General Dynamics (GD)
General Dynamics C4 Systems, a business unit of General Dynamics announced that it has been awarded a $7.6 million contract to develop the new KG-530 SONET OC-768C in-line encryptor in support of an NSA initiative to secure and distribute data, at a full 40 gigabits per second line rate, used for government and military missions.
Nov 5 · 12:38:00 PM · Source: Reuters
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by Michael Oliveto
General Dynamics (GD)
General Dynamics Armament and Technical Products received a $13 million order from the US Army TACOM-ARDEC for production of MK19 MOD 3 40mm grenade machine guns.
Deliveries are expected to begin in June 2010 and will be completed by late 2011. The MK19 grenade machine gun is a self-powered, air-cooled, belt-fed, blowback operated, crew-served weapon.
Nov 5 · 12:36:00 PM · Source: Defense Industry Daily
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by Michael Oliveto
FedEx (FDX)
FedEx said in a regulatory filing Friday with the Securities and Exchange Commission that the company was notified that the Internal Revenue Service was dropping its investigation into whether the company should have paid employment tax for the drivers of FedEx Ground service in 2002, a Moon-based subsidiary that the company runs using drivers it classifies as independent contractors.
The IRS is still auditing whether the those taxes should have been paid in 2004 through 2008. The IRS inquiry is one of a number of legal challenges facing the company regarding the company's use of independent contractors.
Nov 5 · 12:30:00 PM · Source: Pittsburgh Post Gazette
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by Michael Oliveto
Ford (F)
United Auto Workers union overwhelmingly rejected a proposed cost-cutting deal with Ford Motor Company, delivering a setback for the automaker as it seeks to bring down labor costs in line with U.S. rivals.
The UAW said that 70% of production workers and 75% of skilled trade workers voted to reject a proposed agreement the union leadership and Ford Motor Company negotiated in October to change the 2007 four-year contract. The deal would have brought Ford Motor Company labor costs in line with General Motors Co and Chrysler Group LLC.
Nov 5 · 12:24:00 PM · Source: Reuters
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by Michael Oliveto
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