Sanofi SA (ADR) (NYSE:SNY), and Medtronic, Inc. (NYSE: MDT) announced that they have signed a memorandum of understanding to enter into a global strategic alliance in diabetes, aimed at improving patient experience and outcomes for people with diabetes around the world. The alliance will initially focus on two key priorities: the development of drug-device combinations and delivery of care management services to improve adherence, simplify insulin treatment, and help people with diabetes better manage their condition. Sanofi SA (ADR) (NYSE:SNY), net profit margin is 9.20% and weekly performance is -0.59%. On last trading day company shares ended up $53.78. Analysts mean target price for the company is $57.88. Sanofi SA (ADR) (NYSE:SNY), distance from 50-day simple moving average (SMA50) is 3.33%.
Wipro Limited (ADR) (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company announced that Wipro BPO has been positioned in the Winner’s Circle among the top worldwide Mortgage BPO service providers by the leading analyst firm HfS Research in its “Blueprint Report on Mortgage BPO,” authored by analyst Charles Sutherland. Wipro Limited (ADR) (NYSE:WIT), advanced 0.09% in last trading session and ended the day on $11.53. WIT, Gross Margin is 32.00% and its return on assets is 29.40%. Wipro Limited (ADR) (NYSE:WIT), quarterly performance is -10.34%.
Raytheon Company (NYSE:RTN), VP Richard A. Goglia sold 1,137 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $97.93, for a total value of $111,346.41. Following the transaction, the vice president now directly owns 21,684 shares of the company’s stock, valued at approximately $2,123,514. Raytheon Company (NYSE:RTN), shares moved up 1.14% in last trading session and was closed at $96.59, while trading in range of $95.45 – 96.77. Raytheon Company (NYSE:RTN),year to date (YTD) performance is 7.16%.
On June 06, 2014, KVH Industries, Inc. (NASDAQ:KVHI), announced that, effective June 6, 2014, it has changed its auditor from KPMG LLP (KPMG) to Grant Thornton LLP (Grant Thornton) for the year ending December 31, 2014. The change was made following a solicitation of proposals from several accounting firms and was approved by the Audit Committee of the Board of Directors of KVH. KVH Industries, Inc. (NASDAQ:KVHI), ended the last trading day at $12.86. Company weekly volatility is calculated as 2.44% and price to cash ratio as 3.80. KVH Industries, Inc. (NASDAQ:KVHI), showed a negative weekly performance of 1.83%.
U.S. medical device maker Medtronic, Inc. (NYSE:MDT), said it agreed to buy Dublin-based Covidien Plc for $42.9 billion and shift its executive headquarters to Ireland in the latest move by U.S. firms to harvest lower corporate tax rates abroad. Medtronic, Inc. (NYSE:MDT), net profit margin is 18.00% and weekly performance is -2.83%. On last trading day company shares ended up $60.70. Analysts mean target price for the company is $65.63. Medtronic, Inc. (NYSE:MDT), distance from 50-day simple moving average (SMA50) is 0.97%.