April 1, 2008 - 08:54 a.m. NEW YORK (AP) - BioTrove Inc., which makes systems used to analyze genetic information and chemical compounds, plans an initial public offering of common stock, according to a Securities and Exchange Commission filing on Tuesday. BioTrove did not disclose the expected size or price range of the IPO, but indicated the offering price may total up to $75 million. The Woburn, Mass.-based company noted that the offering price was estimated ...
Lam Research Records $65.8M in Compensation-Related Adjustments to Past Financial Statements
Apr 01 2008
April 1, 2008 - 08:46 a.m. FREMONT, Calif. (AP) - Lam Research Corp. said Tuesday it recorded $65.8 million in adjustments to financial statements for fiscal years 1997 through 2006 to account for past compensation expenses. The semiconductor manufacturing equipment maker had previously announced that an independent committee appointed by its board determined that the dates used for accounting purposes on some stock option grants were different from the recorded grant dates. Lam Research said the ...
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Abraxis BioScience 4th-Qtr Loss Widens As Debt, Acquisition Costs Outweigh Surging Drug Sales
Apr 01 2008
April 1, 2008 - 08:42 a.m. LOS ANGELES (AP) - Abraxis BioScience Inc. said Tuesday its fourth-quarter loss widened as a slew of hefty costs offset surging drug sales. The biopharmaceutical company posted a loss of $5.2 million, or 13 cents per share, compared with a year-ago loss of $5 million, or 12 cents per share. Adjusted to exclude one-time charges, the company said it earned $11.4 million, or 29 cents per share, compared with $7.5 ...
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Pioneer Southwest Energy Partners Boosts Size of IPO to 8.3M Units, From 7.5M Units
Apr 01 2008
April 1, 2008 - 08:36 a.m. NEW YORK (AP) - Pioneer Southwest Energy Partners LP, which was formed to acquire oil and gas properties, has raised the size of its planned initial public offering to 8.3 million common units, according to a Securities and Exchange Commission filing Monday. Pioneer Southwest previously expected the IPO to total 7.5 million common units. The Irving, Texas-based company still expects the offering to price between $19 and $21 per everyday ...
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Stock Futures Climb in Advance of Market Opening; UBS and Lehman Brothers to Issue New Stock
Apr 01 2008
Leslie Wines April 1, 2008 - 08:35 a.m. NEW YORK (AP) - Wall Street appeared poised for a opening rally Tuesday as investors warmed to new recapitalization plans at UBS AG and Lehman Brothers Holdings Inc. Swiss bank UBS said Tuesday it will take a fresh $19 billion write-down due to additional declines in the value of its mortgage assets and other credit instruments, following an $18 billion write-down last year. But investors focused instead on ...
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