Stage Stores Completes Acquisition of Selected Gordmans Assets

Stage Stores Completes Acquisition of Selected Gordmans Assets

Stage Stores said Friday that it has closed its previously announced acquisition of selected assets of Gordmans Stores, Inc., including a minimum of 50 Gordmans store leases, with rights to assume leases for an additional seven stores and a distribution center; all of Gordmans’ inventory, furniture, fixtures, equipment and other assets at the 57 store locations; and trademarks and other intellectual property of Gordmans. SSI shares were down 2% in […]

Read More ˃
AstraZeneca to Make $12 Mln Milestone Payment

AstraZeneca to Make $12 Mln Milestone Payment

AstraZeneca will make a $12 million milestone payment to Heptares Therapeutics, a wholly-owned unit of Sosei Group Corp., as Heptares achieved a significant milestone in its immuno-oncology collaboration with the UK-based drugmaker. Heptares said its collaboration with AstraZeneca is focused on the development of AZD4635 as a potential new treament for various cancers. AZD4635 was discovered by Heptares and licensed to AstraZeneca in 2015. The milestone was triggered by the […]

Read More ˃
Cowen Group Buys Convergex

Cowen Group Buys Convergex

Cowen Group said early Monday it has acquired Convergex Group for about $116 million in a cash and shares. The company signed a takeover agreement with private-equity firm GTCR, Bank of New York Mellon, and other shareholders, it said in a statement. With combined pro forma brokerage execution revenues of more than $400 million in 2016, Cowen said the transaction expands its reach to 108 countries globally, including China. The […]

Read More ˃
Jobless Claims Fall Less Than Expected

Jobless Claims Fall Less Than Expected

US applications for jobless benefits fell by less than than expected last week but nevertheless remained at a level which is associated with a healthy labor market, government data has shown. Some 258,000 Americans filed initial claims for unemployment benefits in the week ended March 25, down 3,000 from the previous week’s unrevised level of 261,000, according to data published by the Department of Labor on Thursday. The number of […]

Read More ˃
Twilio Expands Partnership with Amazon Web Services

Twilio Expands Partnership with Amazon Web Services

Twilio Inc. said Tuesday it has extended a relationship with Amazon.com’s (AMZN) Amazon Web Services to provide support for Amazon Connect, a new cloud-based contact center service that aims to help businesses deliver better customer service at a lower cost. The company will integrate its programmable APIs into Amazon Connect in order to provide enhanced capabilities for customers. “Today’s contact center managers expect tools to make the best use of […]

Read More ˃