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Monday 8 June 2015
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Pre-Market News Analysis on: State Street (NYSE:STT), Autodesk, (NASDAQ:ADSK), Ariad Pharmaceuticals, (NASDAQ:ARIA), Raytheon Company (NYSE:RTN)

On Friday, State Street Corp (NYSE:STT)’s shares inclined 1.54% to $78.52.

State Street Corp (STT) declared that Joseph (Joe) Antonellis (age 60) will retire later this summer after almost a quarter century at State Street.

Antonellis joined State Street in 1991 and has held a number of key positions during his tenure counting head of the company’s international business. His responsibilities will be assumed by his leadership team with executive vice presidents and Administration Committee members, Jeff Conway and Wai Kwong Seck, leading State Street’s EMEA and APAC businesses respectively.

State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, counting custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash administration; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics.

Autodesk, Inc. (NASDAQ:ADSK)’s shares gained 1.64% to $54.61.

Autodesk, Inc. (ADSK) declared that it will broadcast its annual meeting of stockholders live via its website on Wednesday, June 10th at 3:00 p.m. Pacific Time. The live webcast will be accessible through Autodesk’s Investor Relations website at www.autodesk.com/investors. Please go to the website at least 15 minutes early to register, download and install any necessary software.

Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration. Its Platform Solutions and Emerging Business segment offers AutoCAD software, a computer-aided design application for professional design, drafting, detailing, and visualization; and AutoCAD LT, a professional drafting and detailing software.

At the end of Friday’s trade, Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)‘s shares surged 1.58% to $8.98.

Ariad Pharmaceuticals, Inc. (ARIA) declared updated clinical data on its investigational tyrosine kinase inhibitor (TKI), brigatinib (AP26113), in patients with anaplastic lymphoma kinase positive (ALK+) advanced non-small cell lung cancer (NSCLC) from an ongoing Phase 1/2 trial. The current results comprise more mature efficacy data for brigatinib, counting updated response rates and median duration of response in ALK+ NSCLC patients, in addition to more extensive safety data for all patients in the trial.

The updated Phase 1/2 results were presented this morning at the 2015 American Society of Clinical Oncology (ASCO) annual meeting in Chicago.

ARIAD Pharmaceuticals, Inc., an oncology company, engages in the discovery, development, and commercialization of medicines for cancer patients. The company offers Iclusig (ponatinib), a tyrosine kinase inhibitor (TKI) for the treatment of adult patients with chronic myeloid leukemia (CML), and Philadelphia chromosome-positive acute lymphoblastic leukemia in the United States, Europe, and other territories.

Raytheon Company (NYSE:RTN), ended its Friday’s trading session with 0.82% gain, and closed at $101.50.

Raytheon Company (RTN) is expanding its worldwide network of cybersecurity demonstration and research facilities with this week’s opening of its Global Cyber Solutions Center (GCSC) in Sterling, Va. The demonstration center provides a valuable resource for U.S. government agencies, other nations and major global companies to understand how to best protect their networks and apply the latest technologies and approaches, counting training, to their existing cybersecurity program.

The GCSC, which is located at the headquarters of Raytheon Intelligence, Information and Services, is a key enabler for customers to operate more securely and confidently as cyber related risks continue to enhance. At this center, the company can demonstration, test and assess new cyber products and services to determine how they can best integrate into a customer’s Cyber Security Operations Center (CSOC).

The facility is the latest addition to Raytheon’s global network of cyber centers that leverage the company’s decades of experience in cybersecurity and information assurance. Earlier this year, the company brought its Cyber Innovation Center online in the U.K., and has continued to expand the use of its Cyber Operations, Development and Evaluation (CODE) Center. The CODE Center, an advanced cyber range based in Northern Virginia, evaluates systems and hardware and emulates any size and type of networked environment, counting those used for critical infrastructure and in security operations centers.

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. It operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS). The IDS segment provides integrated air and missile defense; radar solutions; naval combat and ship electronic systems; command, control, communications, computers, and intelligence solutions; and air traffic administration systems.

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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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