Here's Why Paratek Pharmaceuticals Soared as Much as 37% Today

Here's Why Paratek Pharmaceuticals Soared as Much as 37% Today
What happened Shares of clinical-stage biopharma Paratek Pharmaceuticals (NASDAQ: PRTK) soared 37% today after news leaked that the company is considering a sale. The stock has returned solid gains to investors in the last year after a string of positive developments for its antibiotic pipeline, including positive phase 3 results for its top two drug candidates. The data are good... Read More

At 5-Year Lows, Is Foot Locker Stock a Buy?

At 5-Year Lows, Is Foot Locker Stock a Buy?
Foot Locker (NYSE: FL) shares recently approached 5-year lows after the footwear and apparel retailer’s weak second quarter earnings report missed analyst estimates. Its revenue fell 4.4% annually to $1.7 billion, while comparable-store sales declined 6% and non-GAAP earnings dropped 34% to $0.62 per share — $0.28 below expectations. According to Wall Street, Foot Locker revenue will rise 1% this... Read More

United Rentals Acquires Cummins' Power Equipment Assets

United Rentals Acquires Cummins' Power Equipment Assets
United Rentals, Inc. URI recently bought power equipment assets from Cummins Inc. CMI , thus expanding its Power & HVAC Fleet. Acquisition Details The acquired assets comprise mobile rental generator fleet ranging from 150 Kilowatts to 2 Megawatts. This addition will help United Rentals cash in on the strong demand for power solutions in North America. Cummins designs and manufactures... Read More

IBM Tackles Food Safety With Blockchain

IBM Tackles Food Safety With Blockchain
With the price of bitcoin, the first and most prominent cryptocurrency, soaring this year, the underlying blockchain technology has gotten a lot of attention. A blockchain is a digital ledger of transactions, secured using cryptography and distributed across a network. All bitcoin transactions are stored on a blockchain, but the technology could have much broader applications. International Business Machines (NYSE:... Read More

You Wouldn't Believe the Size of Kinder Morgan, Inc.'s Natural Gas Pipeline

You Wouldn't Believe the Size of Kinder Morgan, Inc.'s Natural Gas Pipeline
Kinder Morgan (NYSE: KMI) is one of the biggest energy infrastructure companies in North America. In fact, it’s the largest independent transporter of petroleum products and carbon dioxide, the top independent terminal operator, and it operates the largest natural gas pipeline network on the continent. That gas system is vital to both the company — since it’s where it makes... Read More

Kohl's to Expand Stores & e-Commerce, Plans Rightsizing

Kohl's to Expand Stores & e-Commerce, Plans Rightsizing
Kohl’s Corporation KSS has recently announced plans to expand the capabilities of its e-Commerce network and also invest in store base by opening four new small format stores. The company is also focused on optimizing and rightsizing store space across a number of Kohl’s outlets. Store and Facility Development Plans Kohl’s plans to commence shipping operations of it’s recently opened... Read More