Japan's ABC Mart to buy U.S. LaCrosse Footwear (Nasdaq: BOOT) for $137 mln
Palm Beach, FL 7/6/12 (StreetBeat) -- Japanese shoe store operator ABC Mart Inc said on Friday that it will buy U.S. outdoor recreational shoe maker LaCrosse Footwear Inc (Nasdaq: BOOT) for $137 million in a friendly takeover as it expands in North America and Europe.Flush with cash and fuelled by a strong yen and a stagnant home market, Japanese companies are hunting...more
ShangPharma (NYSE: SHP) Announces Receipt of "Going Private" Proposal
7/6/12 Palm Beach, FL (StreetBeat) -- ShangPharma Corporation (NYSE:SHP) ("ShangPharma" or the "Company"), a leading China-based pharmaceutical and biotechnology research and development outsourcing company, today announced that its Board of Directors has received a non-binding proposal letter dated July 6, 2012 from its Chairman and Chief Executive Officer, Mr. Michael Xin Hui,...more
Tactical Air Defense Services (OTCBB: TADF) Settles Litigation
7/6/12 Palm Beach, FL (StreetBeat) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has amicably settled its litigation with Mark Daniels, its former CEO...more
Biotech Investor Trading Alert: Sunshine Biopharma (OTCBB: SBFM)
7/6/12 Palm Beach, FL (StreetBeat) -- Investorideas.com, an investor research portal specializing in sector research including biotech and pharma stocks, issued yesterday a trading alert for Sunshine Biopharma Inc. (OTCBB: SBFM). The stock closed at $0.49, up $ 0.17 or (36%) on 247,000 shares.Sunshine Biopharma is a pharmaceutical company focused on the research, development and...more
3 Things to Know Before Trading
Palm Beach, FL 7/6/12 (StreetBeat) -- Stocks were mixed in Asian trade. Shanghai rose one percent on the day, but the Nikkei fell two thirds of a percent, Australia was down a quarter percent and the Hang Seng was unchanged. European indexes are mostly lower this morning, with the Dax off by almost a third of a percent but the Footsie is essentially unchanged. US stock futures are down a slight fraction as I write. *The May reading of Germany’s...more
3 Things to Know Before Trading
Atlanta, GA 7/5/12 (StreetBeat) -- Stocks were mixed in Asian trade on Thursday. Shanghai lost more than one percent and the Nikkei was down a quarter percent, but Australia was unchanged and the Hang Seng rose a half percent. European indexes are mostly higher this morning, with the Dax up three quarters of a percent and the Footsie better by a half percent or so. US stock futures are up a slight fraction as I write. *China surprised with a rate...more
Apple Puts Yelp (NYSE: YELP) in Maps for iOS 6
Northern, WI 7/5/12 (StreetBeat) – Apple (Nasdaq:AAPL) is planning to include Yelp (NYSE:YELP) integration in its new Maps application in iOS 6. It will enable users to check in to different locations and businesses directly using the Yelp service on the Maps application, without the need to open the Yelp app.By being the default check-in app for Maps on iOS,Yelp could see a significant increase in engagement and...more
Asure Software (Nasdaq: ASUR) Announces Acquisition of PeopleCube
Shawshank, VA 7/5/12 (StreetBeat) -- Asure Software, Inc. (Nasdaq: ASUR), a leading provider of workplace management software, today announced that it has acquired PeopleCube, of Framingham, MA. PeopleCube has enabled the deployment of a high-quality, flexible workplace and the ability to plan, schedule, measure and analyze space and resource utilization to attain new...more
ENGlobal (Nasdaq: ENG) Awarded Government Defense Contract
Shawshank, VA 7/5/12 (StreetBeat) -- ENGlobal (Nasdaq: ENG), a leading provider of energy-related project delivery solutions, today announced that it is one of three firms that has been awarded a multiple award contract for the procurement of automated fuel handling equipment (AFHE) support services to the U.S. Military. If all options are exercised by the United States Navy, the cumulative...more
Universal Bioenergy (OTCBB:UBRG) Approval of 20% Special Stock Dividend
Atlanta, GA 7/5/12 (StreetBeat) -- Universal Bioenergy Inc., (OTCBB:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced that the Company has received final approval from the Financial Industry Regulatory Authority (FINRA) for its 20% special stock dividend. The Company filed...more
BioNeutral (OTCBB: BONU) Expands The Testing Of Its Ygiene Sterilant Against Anthrax Spores
Atlanta, GA 7/5/12 (StreetBeat) -- BioNeutral Group, Inc. (OTCBB:BONU) a specialty life science technology based company announced today that it has contracted Battelle to test its Ygiene Sterilants against Bacillus anthracis Ames Spores. These tests are designed to determine the efficacy of Ygiene under conditions which simulate...more
Duckwall-ALCO Stores (NQ: DUCK) Announces June Sales Results
Orlando, FL 7/5/12 (StreetBeat) – Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales from continuing operations, excluding fuel, decreased 2.9% to $46.8 million for the fiscal five-week period ended July 1, 2012, compared to $48.1 million during the same period of the prior year. On a same-store basis, excluding fuel, sales decreased 5.9% from a year earlier.On...more
Cato (NYSE: CATO) June same-store sales down 10 percent
Northern, WI 7/5/12 (StreetBeat) – The Cato Corp. (NYSE: CATO) said Thursday that sales at stores open at least a year fell 10 percent in June, driven by bad weather and continued economic uncertainty.That was well below what Wall Street expected. Analysts polled by FactSet forecast flat same-store sales. The metric is an important one for retailers because it measures sales at existing...more
Netflix (Nasdaq: NFLX) Is Cheaper Than You Might Think
Northern, WI 7/5/12 (StreetBeat) – Investors forgive biotechs for the losses they incur during their drug development and testing phases. They look the other way when a fast-growing dot-com is posting losses as it builds out its platform. So why can't Netflix (Nasdaq: NFLX) get a similar pass?Citigroup analyst Mark Mahaney issued a bullish note on the video service earlier this week, arguing that the...more
First Home HIV Test Approved; OraSure's (Nasdaq: OSUR) Stock Jumps
Palm Beach, FL 7/5/12 (StreetBeat) – The FDA approved the first over-the-counter home HIV test Tuesday afternoon, sending up shares of its maker OraSure (Nasdaq: OSUR).The OraQuick In-Home HIV Test detects HIV with an oral swab, taking about 20 minutes to produce a result. It hasn't yet been priced, but in a May interview with IBD, CEO Doug Michels said it will...more