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Saturday 3 October 2015
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Latest Update

Pre-Market News Analysis on: United Parcel Service, (NYSE:UPS), Dollar General (NYSE:DG), Arena Pharmaceuticals, (NASDAQ:ARNA), Phillips 66 (NYSE:PSX)

On Friday, United Parcel Service, Inc. (NYSE:UPS)’s shares declined -0.29% to $102.13.

The UPS (UPS) Board of Directors declared a regular quarterly dividend of $0.73 per share on all outstanding Class A and Class B shares.

The dividend is payable September 1, 2015, to shareowners of record on August 17, 2015.

United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Dollar General Corp. (NYSE:DG)’s shares dropped -1.10% to $78.37.

Dollar General (DG) presented its inaugural A Day of Beauty event at the Music City Center, Davidson Ballroom, in downtown Nashville. Hosted by singer, songwriter and DG Celebrity Ambassador Chante Moore, the free community event highlighted the latest hair and make-up products offered at DG and featured free product samples, door prizes and beauty tips from experts representing the leading multi-cultural health and beauty brands. The event also celebrated the introduction of BEAUTYCENTS, a new health and beauty lifestyle magazine accessible exclusively at select DG stores.

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables comprising of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, in addition to soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which comprise pet supplies and pet food; and tobacco products.

At the end of Friday’s trade, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)‘s shares dipped -4.61% to $3.52.

Arena Pharmaceuticals, Inc. (ARNA) stated financial results for the second quarter ended June 30, 2015, and offered a corporate update.

Second Quarter and Recent Developments

Arena Research & Development

  • Declared the initiation of patient screening in a Phase 2 proof-of-concept clinical trial of APD334, an oral Sphingosine 1-Phosphate Subtype 1 (S1P1) receptor modulator for autoimmune diseases, being studied in this trial for the treatment of ulcerative colitis.
  • Arena and Roivant Sciences Ltd. reached a Development, Marketing and Supply Agreement for nelotanserin, Arena’s internally discovered inverse agonist of the serotonin 2A receptor.
  • Declared results from a Phase 1 single-ascending dose clinical trial of APD371, a highly selective and potent cannabinoid 2 (CB2) receptor agonist in development as a potential treatment for pain.

Arena Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes novel drugs that target G protein-coupled receptors. The company offers BELVIQ, a drug used to treat chronic weight administration in adults. It is also developing a portfolio of programs in various therapeutic areas, counting cardiovascular, central nervous system, and metabolic diseases. Its products under development comprise Ralinepag, an agonist of the prostacyclin receptor intended for the treatment of vascular diseases, counting potentially pulmonary arterial hypertension that is in Phase II clinical trials.

Phillips 66 (NYSE:PSX), ended its Friday’s trading session with -0.03% loss, and closed at $79.62.

The board of directors of Phillips 66 (PSX) has declared a quarterly dividend of 56 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2015, to shareholders of record as of the close of business on Aug. 17, 2015.

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States.

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This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

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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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