On Tuesday, DexCom, Inc.(NASDAQ:DXCM)’s shares declined -6.71% to $87.82.
DexCom, Inc. (DXCM), a leader in continuous glucose monitoring (CGM) for people with diabetes, declared recently that it has reached a contract with the life sciences team at Google to jointly develop a series of next-generation CGM products that are designed to be smaller and less expensive than existing technologies. These new products will incorporate Google’s miniaturized electronics platform with DexCom’s best-in-class sensor technology. This partnership also provides an opportunity to better utilize the data generated by these CGM products to significantly improve the outcomes and reduce the costs associated with diabetes care.
DexCom retains all sales and distribution rights of the products developed under this agreement. DexCom is also obligated to pay an initial upfront payment and milestone payments during development, and revenue-based royalties once these products are launched and have achieved a certain level of revenue.
DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring systems. The company offers its systems for ambulatory use by people with diabetes; and for use by healthcare providers in the hospital for the treatment of patients with and without diabetes. Its ambulatory product line comprises DexCom G4 system, a continuous glucose monitoring system; DexCom G4 PLATINUM system for continuous use by adults with diabetes; and DexCom SHARE, a remote monitoring system, which provides secondary notification and does not replace real time continuous glucose monitoring or standard home blood glucose monitoring.
Albemarle Corporation(NYSE:ALB)’s shares dropped -5.22% to $42.85.
Chemetall, a Global Business Unit of Albemarle Corporation (ALB), has introduced a new water-based penetrant for eco-friendly and process efficient fluorescent penetrant inspection. Britemor® 921 (W) enables bright and crisp indications on a wide range of materials, counting ferrous and non-ferrous metals, and non-porous ceramics, thanks to its very low fluorescent background and excellent wash characteristics. Chemetall’s liquid penetrant testing product uses water as the main carrier which is stabilized by a distinctive micro-emulsion technology. These micro-emulsions are thermodynamically stable and composition comprises isotropic liquid mixtures of solvent, water and emulsifier. The low viscosity of the Britemor® 921 (W) ensures minimal drag out, reduces overall product and rinse water consumption and minimizes the effluent treatment costs.
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company’s Performance Chemicals segment offers brominated flame retardants under the Saytex brand; mineral-based flame retardants under the Martinal and Magnifin brands; and elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals that are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications.
At the end of Tuesday ‘s trade, Royal Bank of Canada(NYSE:RY)‘s shares dipped -2.86% to $53.97.
The latest RBC PMI survey pointed to a renewed downturn in the manufacturing sector, though the overall deterioration in business conditions was only marginal. August data indicated a decline in output levels for the first time in four months, while payroll numbers reduced at the joint-fastest rate since the survey began in October 2010. Meanwhile, the weaker exchange rate contributed to a modest rise in new export work. However, manufacturers stated a marked enhance in imported raw material costs, which contributed to the fastest rate of price inflation in just over a year and placed additional pressure on operating margins.
A monthly survey, conducted in association with Markit, a leading global financial information services company, and the Supply Chain Administration Association (SCMA), the RBC PMI offers a comprehensive and early indicator of trends in the Canadian manufacturing sector.
Adjusted for seasonal influences, the RBC Canadian Manufacturing PMI registered 49.4 in August, down from 50.8 in July and the lowest reading since May. Moreover, the headline index was below the neutral 50.0 mark for the first time in three months.
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses, in addition to cards and payment solutions business.
Aeropostale Inc(NYSE:ARO), ended its Tuesday ‘s trading session with -0.94% loss, and closed at $1.05.
An improving economy driven by the housing market’s “wealth effect” should assist a restaurant chain like Ruby Tuesday’s (RT) and apparel and accessory retailer Aeropostale (ARO).
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The middle and lower classes in America are struggling and experiencing declines in real income. The United States is the only developed economy that has the distinction of more people living on less than $50 per day than a decade earlier.
According to a Pew Research Center report, the share of Americans living on more than $50 a day fell to 56% in 2011 contrast with 58% in 2001. Median income also fell in the U.S. to $56.44 from $58.56.
Along these lines, median income fell in the United States from $53,646 in 2001 to $50,054 in 2011. This decline puts the U.S. in the same group as Nicaragua, the Philippines, Dominican Republic, El Salvador, Bulgaria and Serbia.
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing. The company also offers casual clothing and accessories focusing on kids between the ages of 4 to 12 year olds. As of March 24, 2015, it operated 766 Aéropostale stores in 50 states and Puerto Rico, 61 Aéropostale stores in Canada, and 26 P.S. from Aéropostale stores in 12 states and Puerto Rico. In addition, the company markets its products through ps4u.com and aeropostale.com, in addition to its licensees operate 251 Aéropostale and P.S. from Aéropostale locations in the Middle East, Asia, Europe, and Latin America under various licensing agreements. Further, it operates GoJane.com that retails in fashion footwear, contemporary apparel, and other accessories for women online. Aéropostale, Inc. has a planned partnership with Sycamore Partners.
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