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November 2, 2009
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FedEx reported in a regulatory filing on Friday, U.S. IRS revised an employment tax audit notice for 2002 dropped assessment tied to FedEx Ground ind. contractors, including home delivery service.
(GILD) - buy
Gilead Sciences announced 3-year (144-week) open label data from 2 pivotal Phase III clinical trials, Studies 102 & 103 show development of resistance as a significant challenge for practitioners treating patients with chronic hepatitis B.”
(OPTR) - buy
Optimer Pharmaceuticals announced fidaxomicin's North American phase 3 study, "..additional factors with significantly lower recurrence rate and higher global cure rate suggest fidaxomicin has potential to be best in class therapy for CDI."
(MON) - buy
Monsanto welcomed EU authorization of two corn technologies, YieldGard VT Pro(TM) (MON 89034) and YieldGard VT Rootworm/RR2® (MON 88017).
(MI) - buy
M&I Bank received $40 mil NMTCallocation to offer below-mkt rates and less expensive loans for development of office, indtrl, rtl, res and comnty facilities in WI, AZ, FL, IN, ILL, KS, MN & MO.
(KBR) - short
KBR was warned by Pentagon auditors to cut work force face nearly $200 mln in penalties for keeping thousands too many on the payroll.
(F) - short
Ford Motor workers overwhelmingly rejected contract changes allowing them to cut labor costs, leaving Ford at a disadvantage to Detroit rivals, struggling to return to profitability.
(RBS) - short
Royal Bank Ads New is likely to move lower in wake of CIT bankruptcy filing.
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