2 charged in homicide of Andrew Baldwin in Surrey
Two men have been charged in connection with the homicide of Andrew Baldwin in Surrey.
Jordan Bottomley and Jagpal Hothi were arrested on Friday and have been charged with first-degree murder.
Dow books worst day in fourth months as coronavirus fears heat up
U.S. stocks closed sharply lower on Monday as worries about China’s efforts to contain a novel coronavirus intensified, as the epidemic has spread. The S&P 500 SPX, -1.57% fell 52 points, or 1.57%, to end near 3,244. The Dow Jones Industrial Average DJIA, -1.57% slumped 454 points, or 1.6%, to finish around 28,535, based on preliminary numbers The Nasdaq Composite COMP, -1.89% tumbled 176 points, or 1.9%, to end around 9.139. Concerns around the spread of the influenza, which has drawn parallels with SARS, or severe acute respiratory syndrome, grew as Beijing extended the Lunar New Year holiday to Feb. 2. The mayor of Wuhan, where the virus originated, said millions of people may have left the city before travel restrictions were imposed. Health officials have reported more than 80 deaths due to the coronavirus, and nearly 3,000 cases of the illness have been confirmed. As a sign of investor concerns, the yield on the 10-year Treasury note TMUBMUSD10Y, -4.70% tumbled 7.5 basis points to 1.605% on Monday, its lowest point since Oct. 9. Bond prices move inversely to yields.
Acceleron Pharma stock soars more than 50% on hypertension drug study
Acceleron Pharma Inc. XLRN, +1.58% shares surged in the extended session late Monday after the biotech drug maker said its hypertension drug hit key goals in a mid-stage clinical trial. Acceleron shares soared 56% after hours, following a 1.6% rise to close Monday at $52.87. At Monday’s close, the company had a market cap of $2.81 billion, according to FactSet. Acceleron said a Phase 2 clinical trial showed its drug sotatercept had a statistically significant reduction in pulmonary vascular resistance in patients with pulmonary arterial hypertension compared with placebo.
Dover To Buy Soft-Pak
Dover (DOV) Monday said it agreed to buy So. Cal. Soft-Pak Inc. (“Soft-Pak”), an independent provider of integrated back office, route management and customer relationship management software solutions to the waste and recycling fleet industry.
Following the close of the transaction, Soft-Pak will become part of the Environmental Solutions Group business unit, a supplier of waste handling solutions to the North American waste and recycling industry, in Dover’s Engineered Products segment.
Soft-Pak is headquartered in San Diego, California, and has a 30-year track-record of serving hundreds of waste and recycling fleets nationwide with innovative software solutions tailored to the fleet customers’ unique needs.
“We are excited to bring together Soft-Pak’s well-recognized industry-specific software solutions and ESG’s growing software & digital portfolio. We believe the integrated solutions will drive growth of ESG’s core refuse vehicle offering and associated software, and deliver tangible value-add to our waste and recycling industry customers,” said CEO Richard Tobin.
Terms of the transaction were not disclosed. The transaction is expected to close in the first quarter of 2020.
Juniper Networks Q4 adjusted earnings Beat Estimates
Juniper Networks (JNPR) reported a profit for fourth quarter that fell from last year.
The company’s earnings totaled $168.4 million, or $0.49 per share. This compares with $192.2 million, or $0.55 per share, in last year’s fourth quarter.
Excluding items, Juniper Networks reported adjusted earnings of $198.7 million or $0.58 per share for the period.
Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 2.5% to $1.21 billion from $1.18 billion last year.
Juniper Networks earnings at a glance:
-Earnings (Q4): $198.7 Mln. vs. $205.7 Mln. last year.
-EPS (Q4): $0.58 vs. $0.59 last year.
-Analysts Estimate: $0.57
-Revenue (Q4): $1.21 Bln vs. $1.18 Bln last year.
PerkinElmer Q4 adjusted earnings Beat Estimates
PerkinElmer (PKI) reported earnings for fourth quarter that declined from last year.
The company’s profit totaled $64.50 million, or $0.58 per share. This compares with $71.29 million, or $0.64 per share, in last year’s fourth quarter.
Analysts had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 6.5% to $805.50 million from $756.35 million last year.
PerkinElmer earnings at a glance:
-EPS (Q4): $1.35 vs. $1.18 last year.
-Analysts Estimate: $1.33
-Revenue (Q4): $805.50 Mln vs. $756.35 Mln last year.
Next quarter EPS guidance: $0.70
Next quarter revenue guidance: $700 Mln
EARNINGS SUMMARY: Details of Rambus Inc. Q4 Earnings Report
Below are the earnings highlights for Rambus Inc. (RMBS):
-Earnings: -$9.5 million in Q4 vs. -$2.0 million in the same period last year.
-EPS: -$0.09 in Q4 vs. -$0.02 in the same period last year.
-Revenue: $59.9 million in Q4 vs. $68.5 million in the same period last year.
Whirlpool Corp. Q4 adjusted earnings Beat Estimates
Whirlpool Corp. (WHR) revealed a profit for its fourth quarter that increased from the same period last year.
The company’s bottom line totaled $288 million, or $4.52 per share. This compares with $170 million, or $2.64 per share, in last year’s fourth quarter.
Analysts had expected the company to earn $4.27 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 4.9% to $5.38 billion from $5.66 billion last year.
Whirlpool Corp. earnings at a glance:
-Earnings (Q4): . vs. . last year.
-EPS (Q4): $4.91 vs. $4.75 last year.
-Analysts Estimate: $4.27
-Revenue (Q4): $5.38 Bln vs. $5.66 Bln last year.