Top Story

Mon 4:04 pm

Wall Street rallies on hopes of more easing in China, M&A deals

U.S. stocks soared on Monday, buoyed by hints from China of more monetary easing, which caused energy sector strength, and by merger and acquisition activity at home.

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Monday, March 30, 5:05 pm

Ruthlessly Cut ‘Hope’ Stocks and Those That “Have Nothing and Can’t Spend Money [to Create Value]”: Brent Cook

Brent Cook worked with Rick Rule analyzing early-stage resource stocks back in the late 90’s and early 2000’s. Brent spoke with Tekoa Da Silva at the Prospectors and Developers As...


5:18 am

Allergy Therapeutics chief explains importance of £20mln fundraise

Manuel Llobet, the chief executive of Allergy Therapeutics (LON:AGY), tells Proactive Investors the recent placing will allow the company to get its injectable anti-allergen treatment back on track for launch in the U...


  • Amaya sells Cadillac Jack for C$476 mln

    The consideration will consist of C$461 million in cash and a $15-million PIK note due on the eighth anniversary of the deal's closing. Amaya plans to use the sale proceeds to pay back Cadillac Jack’s current senior secured term loan and mezzanine debt.

  • TSX rallies on China stimulus bets, Catamaran & Amaya deals

    Canadian shares rallied after advances in Catamaran and Amaya following deal news and amid a global climb in equities on speculation China will stimulate its economy. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 1 percent to 14,957.08 at 12:45 p.m. in Toronto. Nine of the 10 groups advanced.

  • Alcereco secures supply of high-demand scandium in offtake with Scandium International

    The offtake is part of a wider cooperation effort between Scandium International and Alcereco that includes a memorandum of understanding aimed at developing special scandium-enhanced aluminum alloys based on Alcereco’s design, manufacture, and testing of Al-Sc alloy materials.

  • Intellipharmaceutics jumps on clinical trial results, IND filing for abuse-deterrent pain drug

    Intellipharmaceutics International (TSE:I) (NASDAQ:IPCI) said it is looking forward to guidance from the FDA after submitting an investigational new drug (IND) filing for Rexista Oxycodone XR tablets, and a pre-IND submission for Regabatin, a non-generic extended release version of pain drug pregabalin, following phase I test results.

  • UnitedHealth to buy Catamaran for $12.8bln to boost its pharmacy business

    UnitedHealth Group (NYSE:UNH), the largest U.S. health insurer, agreed to buy pharmacy benefit manager Catamaran (NASDAQ:CTRX) (TSE:CCT) for about $12.8 billion in a move to boost its pharmacy benefit business. UnitedHealth will pay $61.50 a share, financing the acquisition with cash and debt, the companies said in a statement today.

  • Future Shop's doors close as Best Buy consolidates in Canada

    Best Buy said it would immediately close 66 Future Shop stores across Canada, while 65 others have been temporarily closed to allow for their transition to Best Buy outlets.

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