Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA) and Specialised Therapeutics Australia Pty Ltd (STA), a specialty pharmaceutical company, today announced that ARIAD has granted STA exclusive rights to commercialize Iclusig® (ponatinib) in Australia in patients with Philadelphia-positive (Ph+) leukemias. Ariad Pharmaceuticals, Inc.(NASDAQ:ARIA) stock opened today at $7.70 and is currently trading at $7.79. The stock showed a positive weekly performance of 21.82%.
Steel maker AK Steel Holding Corporation (NYSE:AKS) posted net income of $35.2 million or 26 cents per share in fourth-quarter 2013, compared with a loss of $230.4 million or $1.89 per share in the year ago quarter. In the reported quarter, AK Steel recorded a non-cash income tax benefit of $22.7 million, or 17 cents per share, as a result of the allocation of income tax expense to other comprehensive income. AK Steel also recorded an inventory-related credit of $4.3 million in the reported quarter. AK Steel Holding Corporation (NYSE:AKS) stock opened at $6.72, in current trading session and currently is at $6.97, by losing 6.72. The 52 week range of $2.76 – $8.47. Company’s market capitalization is $950.98 million.
J.C. Penney Company, Inc. (NYSE:JCP) may have recently lowered the threshold for its poison pill because of tax rules relating to net operating losses, according to The New York Times. Specifically, the company may have lost its right to use prior losses to offset taxes on profits if a shareholder with a stake of more than 5% in the company increased its stake by 50% or more, the newspaper stated. J.C. Penney Company, Inc. (NYSE:JCP) stock is open at $6.40 and currently trading at $6.38. The EPS of the stock is -8.70. Company’s market capitalization is $1.94 billion.
TheStreet Ratings team rates RF Micro Devices, Inc. (NASDAQ:RFMD) as a “hold” with a ratings score of C. RF Micro Devices, Inc. (NASDAQ:RFMD) stock opened the session at $4.97, and now is at $5.24. The 52 week range of the RFMD stock remained $4.30 – $6.20 and the day range was $4.97 – $5.37.