On Fridayday, Shares of SUPERVALU INC. (NYSE:SVU), lost -0.57% to $6.99.
SUPERVALU INC., declared that Sam Duncan has informed the Company’s Board of Directors of his intention to retire as President and CEO on February 29, 2016, following the end of the Company’s fiscal year.
Duncan was named President and CEO in February 2013 in connection with the sale by SUPERVALU of five retail grocery banners to Albertson’s. Under Duncan’s leadership and direction, SUPERVALU has repositioned its three core business segments: Independent Business, Save-A-Lot and its five remaining regional Retail Food banners, in addition to assisted deliver improvements in shareholder value. Duncan, 63, is retiring to spend more time with his family in the Pacific Northwest.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food.
Shares of Orexigen Therapeutics, Inc. (NASDAQ:OREX), inclined 6.08% to $2.18, during its last trading session.
Orexigen Therapeutics, declared that Kwang Dong Pharmaceutical Company, Ltd., has filed a New Drug Application with the Ministry of Food and Drug Safety (MFDS) in South Korea for Contrave® (naltrexone HCl and bupropion HCl) as a monotherapy for weight administration in overweight or obese adult patients. If approved, Kwang Dong will market and distribute Contrave as part of its distributorship agreement with Orexigen’s wholly-owned partner Orexigen Therapeutics Ireland Ltd., executed in August 2015.
Under the terms of the agreement, Kwang Dong is responsible for seeking regulatory approval and for all commercialization activity and expenses. Kwang Dong anticipates to start marketing Contrave in the second half of 2016, if regulatory approval is obtained.
Obesity and related comorbidities are a serious health problem in South Korea, where about 38% of men and 26% of women are obese according to recent statistics from the National Health Institute.
Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity. It has a partnership agreement with Takeda Pharmaceutical Company Limited to develop and commercialize Contrave in Canada and Mexico.
At the end of Friday’s trade, Shares of Cirrus Logic, Inc. (NASDAQ:CRUS), gained 3.10% to $31.88.
Cirrus Logic, declared that the company will post its second quarter fiscal year 2016 financial results and business outlook on the investor relations area of its website on Wednesday, Oct. 28, at about 4 p.m. EDT.
Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits for a range of consumer and industrial markets. It offers audio products, counting codecs, analog-to-digital converters, digital-to-analog converters, active noise cancelling circuits, amplifiers, and micro-electromechanical system microphones, in addition to standalone digital signal processors.
Finally, Scientific Games Corp (NASDAQ:SGMS), ended its last trade with 4.94% gain, and closed at $10.19.
Scientific Games, declared a new partnership with Twentieth Century Fox Consumer Products and Gracie Films to create a themed slot machine based on the longest running scripted television series THE SIMPSONS. The never before seen Gamescape cabinet will be officially unveiled in Scientific Games’ booth #1126 at the Global Gaming Expo (“G2E”), taking place from September 29 to October 1. The slot theme will star Homer and Marge Simpson, Moe, Apu, Chief Wiggum and many other iconic characters from the show.
“THE SIMPSONS game on our new Gamescape cabinet combines one of the most recognizable and beloved brands in the world with some of the greatest innovations in the gaming industry,” said Derik Mooberry, Scientific Games’ Group Chief Executive, Gaming. “We are extremely proud to work closely with Fox Consumer Products and Gracie Films on the development of this game, and believe players around the globe will be thrilled with the experience.”
Scientific Games Corporation develops technology-based products and services, and associated content for the gaming and lottery industries worldwide. The company operates through three segments: Gaming, Lottery, and Interactive. The Gaming segment offers gaming machines, conversion kits, automatic card shufflers, roulette chip sorters, and spare parts; leases gaming machines, automatic card shufflers, roulette chip sorters, and server-based gaming systems and content; and licenses proprietary table game content.
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