NEW YORK, March 22, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Gilead Sciences, Regions Financial Corporation, Wal-Mart Stores.
The Competition Commission of India (CCI) has rejected a complaint that accused Gilead Sciences, Inc.(NASDAQ:GILD) of abusing its dominance in production of drugs used for AIDS treatment.
The fair trade regulator found "no prima facie case" against Gilead Sciences. The regulator said that the US-based pharmaceutical company had no legal existence and business operations in India and that the market for production
of Antiretroviral drugs for treatment of AIDS was fragmented.
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The complaint was filed by one Manoj Hirasingh Pardeshi, an activist working towards AIDS treatment. He has alleged that Gilead Sciences had entered into a non-exclusive voluntary license agreements with about ten Indian pharmaceutical firms for production and distribution of ARV medicines in 2006.
The licensees were required to pay royalty of 3-5 per cent on the sale of the finished product. Also, in 2011, the company signed a deal with a Geneva-based non-profit foundation, Medicines Patent Pool to pool licenses and give sub-licenses to pharmaceutical manufacturers worldwide.
Pardeshi has said that several clauses in the deal were anti-competitive as purchase and sale of the drugs could be done only through Gilead Sciences or licensees approved by it.
Meanwhile, the Board of Directors of Regions Financial Corporation(NYSE:RF) has authorized repurchase of equity for up to $350 million of the company’s common stock. This is part of the company’s capital plan that was not objected to by the Federal Reserve as part of its 2013 Comprehensive Capital Analysis and Review (CCAR).
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The authority granted expires on March 31, 2014. The timing and amount of common stock repurchases will hinge on various factors like market conditions, capital position and internal capital generation. The repurchase program may be executed through open market purchases, accelerated share repurchase transactions or privately negotiated transactions, including utilizing Rule 10b5-1 programs and does not set any specific price targets. Also, it can be suspended at any point of time.
Wal-Mart Stores, Inc.(NYSE:WMT) is expanding an experiment of a new checkout scheme that lets shoppers to scan items with the help of their smartphones while they are present in the aisles and then paying at the checkout counters.
The largest retailer in the world has rolled out its new program, ‘Scan & Go’, sometime around late last year in 70 stores in Atlanta and in Bentonville. The retailer is presently testing the scheme in over 200 stores in markets like
Houston, Texas, Dallas, Phoenix, Seattle, Denver, Austin and Portland.
The pilot program will, however, be available in a small number of Wal-Mart stores in the US. But it is a part of the overall strategy of the company to engage customers in increasing the use of smartphones.
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Over half of customers of Wal-Mart are in possession of smartphones, and 40% of traffic from its official website is coming from the mobile devices of shoppers, as revealed by the senior vice president of mobile and digital initiatives, global-ecommerce division at Wal-Mart.
Thomas has stated in an interview with The Associated Press on Wednesday that Wal-Mart is aiming at the giving choices to all its customers in whichever way they choose to shop and that the new feature is a part of the company’s holistic program to give power to the customer.
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