On Monday, Boston Scientific Corporation (NYSE:BSX)’s shares declined -1.66% to $17.80, after Boston Scientific Corporation (BSX), declares that it has signed a definitive contract to attain Xlumena, Inc., a venture-backed medical device corporation that develops, manufactures and sells minimally invasive devices for Endoscopic Ultrasound (EUS) guided transluminal drainage of targeted areas within the gastrointestinal tract. The deal is predictable to close this week.
The Xlumena portfolio comprises the AXIOS™ and HOT AXIOS™ Stent and Delivery Systems. The AXIOS Stent and Delivery System has received U.S. Food and Drug Administration (FDA) clearance and is the world’s first stent designed for endoscopic ultrasound-guided transluminal drainage of symptomatic pancreatic pseudocysts. The next-generation HOT AXIOS™ Stent and Delivery System incorporates cautery into the delivery of the AXIOS stent. Both systems have CE Mark for facilitating transgastric or transduodenal endoscopic drainage of pancreatic pseudocysts or the biliary tract. These products are presently sold in select countries in Europe.
“We believe the attainment of Xlumena and their minimally-invasive products combined with the Boston Scientific broad product portfolio demonstrates our commitment to advancing the field of interventional EUS therapeutics,” said David Pierce, senior vice president and president, Endoscopy, Boston Scientific. “Our combined technologies enable physicians to diagnose and treat diseases of the pancreatico-biliary system using less invasive procedures. We are very happy to be able to accelerate the global reach of the AXIOS ™ stent and to be at the forefront of this fast growing segment.”
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The corporation operates in three segments: Cardiovascular, Rhythm Administration, and MedSurg. It offers interventional cardiology products, counting coronary stent systems used in the treatment of coronary artery disease; coronary technology products to treat atherosclerosis; intraluminal catheter-directed ultrasound imaging catheters and systems for use in coronary arteries and heart chambers, in addition to peripheral vessels; and structural heart therapy systems.
Public Service Enterprise Group Inc (NYSE:PEG)’s shares dropped -1.66% to $40.98, during the last trading session on Monday, after Public Service Enterprise Group Inc (PEG), declared it received the Tree Line USA Award for 2014 by the National Arbor Day Foundation. This award recognizes public and private utilities across the nation utilizing tree-friendly practices that protect and enhance America’s urban forests, while providing a raised reliability of service. In 2014, as a direct result of its move to the industry best practice clearance standard, PSEG Long Island reduced the number of vegetation-related outages by more than 80 percent on circuits that were trimmed in 2014.
“PSEG Long Island’s tree-trimming program is improving the reliability of electric service for our customers across the entire service territory, while remaining respectful of the role that trees play in the beauty of Long Island,” said John O’Connell, PSEG Long Island vice president of transmission and distribution operations. “We are honored to receive national recognition for our vegetation administration program, as the award acknowledges our ongoing efforts to provide safe and reliable electric service, together with our commitment of being a good steward for the environment.”
The PSEG Long Island vegetation administration program adheres to a four-year tree trimming cycle and its arborists and tree-trimming contractors trim tree branches away from electric lines to ensure a safe, reliable and consistent power supply. This effort dramatically limits damage from severe storms, lowers future line clearance costs and reduces peak energy demand. It also provides a zone of safety in which line workers can do their jobs, especially during storm events when restoration work is done under hazardous conditions.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy corporation primarily in the northeastern and Mid Atlantic United States. The corporation operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts.
At the end of Monday’s trade, Molson Coors Brewing Corporation (NYSE:TAP)‘s shares dipped -1.63% to $76.63, after Molson Coors Brewing Corporation (TAP), will host an online, real-time webcast of the corporation’s 2015 First Quarter Earnings Conference Call with financial analysts at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) on Thursday, May 7, 2015. Corporation executives participating in the conference call will comprise Mark Hunter, Chief Executive Officer, and Gavin Hattersley, Chief Financial Officer.
Molson Coors Brewing Corporation manufactures and sells beer and other beverage products. The corporation sells its products under the Coors Light, Molson Canadian, Carling, Carling Black Label, Coors Altitude, Coors Banquet, Creemore Springs, the Granville Island, Keystone Light, Mad Jack, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Pilsner, and the Rickard’s family brands in Canada; and brews or distributes under the Amstel Light, Heineken, Murphy’s, Newcastle Brown Ale, Strongbow cider, Desperados, Dos Equis, Moretti, Sol, Tecate, Miller Chill, and Miller Genuine Draft brands.
Workday Inc (NYSE:WDAY), ended its Monday’s trading session with -1.61% loss, and closed at $87.27, after Workday Inc (WDAY), declared the general availability of Workday Payroll for the UK. Organically built as part of Workday Financial Administration and Workday Human Capital Administration (HCM), the new payroll application enables customers with UK employees to address the full spectrum of enterprise payroll needs, providing administrators with the flexibility, control, and insight required to support the unique aspects of their organizations.
Customers using Workday Payroll for the UK benefit from:
- Automatic tax updates - New tax updates are automatically applied through a cloud delivery model, eliminating the need for regular upgrades and patches required by on-premise payroll systems.
- Powerful and flexible calculation tool - Workday’s robust calculation engine makes it easy to handle complex requirements. Users can run payroll calculations as often as needed and payroll-processing time is drastically reduced from hours to minutes.
- High configurability - Unlimited earnings, deductions, pay groups, and pay frequencies can be easily configured by payroll administrators to support calculation and reporting needs. Accumulations, balance periods, and pay balances, in addition to complex processes such as off-cycle and retroactive payment processing, are also supported.
- Support for UK-specific statutory requirements - Workday Payroll for the UK offers a modern system with support for pay-as-you-earn (PAYE) statutory taxes counting National Insurance, student loans, statutory absence payments, and court orders. It also provides an exception reporting capability, audits, and alerts to prompt users, ensuring improved accuracy with payroll calculations in addition to real-time information (RTI) reporting.
- Anytime mobile access - With one self-service application, employees can check pay slips and payment elections — any time, on any device. The flexibility of the cloud also gives administrators the ability to process payroll from anywhere at any time.
- Real-time analytics and reporting - Organizations can now see what they are actually spending on workers via pre-built reports and analytics for payroll insights. With the same reporting format used throughout Workday HCM, users can combine datasets to raise the context for decision making.
Workday, Inc. provides enterprise cloud applications for finance and human resources in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources.
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