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Monday 17 August 2015
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Friday’s Trade Stocks Highlights: Tegna (NYSE:TGNA), Union Pacific (NYSE:UNP), Dyax.(NASDAQ:DYAX), Level 3 Communications,(NYSE:LVLT)

On Friday, Tegna Inc (NYSE:TGNA)’s shares declined -0.59% to $25.45.

TEGNA Media was the recipient of eight 2015 Salute to Excellence Awards from the National Association of Black Journalists (NABJ). The awards, according to NABJ, recognize “journalism that best covered the black experience or addressed issues affecting the worldwide black community” during the past year. TEGNA Media stations received eight of the 16 Salute to Excellence Awards given to local television stations, more than any other station group.

In addition, TEGNA Media’s Adrienne Broaddus, from KARE in Minneapolis, MN, was honored with the 2015 NABJ Gannett Foundation Al Neuharth Award. Her story, “A Shared Heart”, highlighted the importance of organ donation and transplantation in the African-American community.

TEGNA Inc. engages in media and digital businesses in the United States. The company operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites. It also operates Cars.com that provides information about car shopping, selling, and servicing; CareerBuilder, which provides human capital solutions, such as labor market intelligence, talent administration software, and other recruitment solutions; and G/O Digital that acts as a one-stop shop for local businesses looking to connect with consumers through digital marketing. In addition, the company offers advertising and marketing solutions comprising digital and print options; and news, information, and marketing solutions in the military, defense, federal technology, and C4ISR markets.

Union Pacific Corporation (NYSE:UNP)’s shares gained 0.04% to $92.74.

Union Pacific was named among the Best Employers for Healthy Lifestyles for 2015 by The National Business Group on Health (NBGH).

Recognized at the gold level, Union Pacific was honored for making cultural and environmental changes, and developing comprehensive programs that support employees’ healthy lifestyle aims. The company was the only railroad among 64 U.S. employers to receive the 2015 Best Employers for Healthy Lifestyles® award.

The railroad’s wellness programs assess and provide intervention support for health risk factors, counting asthma, blood pressure, cholesterol, depression, diabetes, fatigue, inactivity, nutrition, smoking, stress and weight.

Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.

At the end of Friday’s trade, Dyax Corp. (NASDAQ:DYAX)‘s shares surged 0.04% to $22.33.

Dyax Corp. (DYAX) declared that the U.S. Food and Drug Administration (FDA) granted Breakthrough Therapy designation for the investigation of DX-2930 for hereditary angioedema (HAE). Dyax is developing DX-2930, an investigational fully human monoclonal antibody inhibitor of plasma kallikrein (pKal), as a subcutaneous injection for prevention of HAE attacks.

Breakthrough Therapy designation is intended to expedite the development and review of potential new medicines with early signal of clinical benefit in serious or life-threatening conditions and assists ensure patients have access to them as soon as possible. Breakthrough Therapy designation is considered when preliminary clinical evidence indicates the drug may demonstrate substantial improvement over accessible therapy. The benefits of Breakthrough Therapy designation comprise organizational commitment involving the FDA’s senior managers and with more intensive guidance. Breakthrough Therapy designation does not change the standards for approval.

Dyax Corp., a biopharmaceutical company, identifies, develops, and commercializes treatments for hereditary angioedema (HAE) and other plasma-kallikrein-mediated (PKM) disorders.

Level 3 Communications, Inc. (NYSE:LVLT), ended its Friday’s trading session with 0.83% gain, and closed at $48.58.

Level 3 Communications, Inc. (LVLT) has been awarded a contract with the Commonwealth of Pennsylvania, to expand its current Master IT Services Invitation to Qualify (ITQ) program contract to comprise security, network and telecommunications services. These services are in addition to the existing consulting services awarded under a previous master contract. The ITQ program contract allows Level 3 to bid on business opportunities issued by the Commonwealth.

The ITQ program, launched in 2003, is a statewide, multiple-award contracting initiative that provides agencies a fast and efficient way to procure IT services from pre-qualified vendors, through COSTARS, the Commonwealth’s cooperative purchasing program. Under the agreement, Level 3 is pre-qualified in 10 service categories. The contract became effective July 21, 2015.

Key Facts:

  • Level 3 has been serving customers in the Commonwealth of Pennsylvania for 20 years
  • Level 3 operates more than 7,700 fiber miles in Pennsylvania, reaching more than 1,800 on-net buildings
  • As part of the ITQ contract, registered and eligible local public procurement units (LPPUs) and state-associated entities such as not-for-profit fire, rescue and ambulance companies, registered with COSTARS can identify and contract with preapproved service providers like Level 3

Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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