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Lockheed Martin Wins More Work from U.S. Air Force

Lockheed Martin is fractionally lower after the company said it won a new contract and extended a second contract to sustain and modernize the U.S. Air Force’s intercontinental ballistic missile (ICBM) reentry systems. It said it won a competition in June to produce seven units of reentry field support equipmentRead More

BlackRock to Lead Next Funding Round for Financial Technology Platform iCapital Network

BlackRock, an investment and risk management as well as advisory services, will lead the next funding round for iCapital Network, a financial technology platform focused on democratizing access to alternative investments. Shares of BlackRock climbed 1% intraday. Frank Porcelli, the chairman of BlackRock’s US wealth advisory business, will join iCapital’sRead More

VistaGen Signs Sublicense Agreement On Cardiac Stem Cell Technology

VistaGen Therapeutics shares were higher 5% in recent pre-market trade after the biopharmaceutical company said it has signed a sublicense agreement with stem cell research company BlueRock Therapeutics for cardiac stem cell technology. VistaGen will receive an upfront cash payment of nearly $1.3 million and potential future milestone payments andRead More

Canadian National Railway Discloses Specific Share Buyback Program

Canadian National Railway said late Tuesday it will repurchase common shares under a specific share repurchase program. The purchases are part of the normal course issuer bid for up to 33 million shares, disclosed on Oct. 25. Canadian National said it will enter into an agreement with a third partyRead More

Import and Export Slide Modest in Soaring Dollar Environment

The trade price report revealed only modest November price drop-backs in the face of a soaring dollar, with relative price firmness for exports versus imports, as seen throughout 2016, that beat estimates. There were November trade price drops of 0.3% for imports and just 0.1% for exports, with a 4.7%Read More

Panhandle Oil Promotes COO Paul Blanchard to CEO

Panhandle Oil And Gas, an oil and gas company, promoted chief operations officer Paul Blanchard to chief executive officer effective Jan. 1. Blanchard will succeed Michael Coffman, who, as previously announced in March, will retire effective Dec. 31, after 26 years of service. Blanchard joined Panhandle in 2009 as COO.Read More