Wall Street Recap: Navidea Biopharmaceuticals (NAVB), Financial Engines (FNGN), American International Group (AIG), Exxon Mobil (XOM)

Posted In Healthcare - By Matt Schrock On Friday, September 19th, 2014 With 0 Comments

Dallas, Texas 09/19/2014 (ustradevoice) – Navidea Biopharmaceuticals Inc (NYSEMKT:NAVB) said its Lymphoseek Injection received Orphan Drug Designation from the U.S. Food and Drug Administration. Lymphoseek is designed for use in the sentinel lymph node detection of cancer of the head and neck. It has been tried in an estimated 40,000 procedures and found to be a promising product with the potential of filling an important medical void. The Orphan Drug Designation comes with various benefits that include expedited review and seven years of market exclusivity. Navidea Biopharmaceuticals Inc (NYSEMKT:NAVB)’s Interim CEO, Michael Goldberg M.D, said that the move by FDA also validates their technology in the detection of cancer of the head and neck.

Financial Engines Inc (NASDAQ:FNGN) intends to treat its shareholders to a quarterly cash dividend of $0.06 per share. The dividend will be paid on October 6, but will only capture shareholders who acquired the shares before the ex-dividend date yesterday (September 18). Financial Engines Inc (NASDAQ:FNGN) has paid a dividend of $0.06 for the past two quarters and the latest one would be the third time it pays that amount of dividend.

American International Group Inc (NYSE:AIG)’s executive who was passed over in the recent CEO appointment is leaving the company. Jay Wintrob, who headed the company’s life insurance operations, is stepping down and his place will be taken over by Kevin Hogan, the current head of consumer property-casualty unit. American International Group Inc (NYSE:AIG) got a new leader in the person of Peter Hancock, who took over from Robert Benmosche. The new CEO has shown commitment to reorganize the company by looking for high value businesses while practicing cost curtailment.

Exxon Mobil Corporation (NYSE:XOM), a $412 billion business organization, announced a new deal in which it will add to its portfolio 17,800 net acres. The company signed a non-monetary deal with LINN Energy LLC, in which LINN Energy will transfer the said acreage in the Permian Basin to XOM. The assets will be operated by Exxon Mobil Corporation (NYSE:XOM)’s unit known as XTO Energy Inc.

About the Author

- Matt Schrock received Bachelor of Arts in Mass Media Communications from Penn State University.

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