Roundup: N.E.W., United Therapeutics, GeoEye, Freddie
From staff and wire reports
*Office Depot has partnered with N.E.W. Customer Service, a Dulles firm that sells extended warranty service plans for electronics, to start an online recycling program for unwanted devices. Customers can go to Office Depot's Web site and print a prepaid UPS label to ship N.E.W. their gizmos. In return, they will receive Office Depot gift cards. Office Deport is the second company to sign up for the program. Sam's Club joined in May.
*The Food and Drug Administration accepted for review a new-drug application by United Therapeutics of Silver Spring and its subsidiary Lung Rx for an inhaled treatment for pulmonary arterial hypertension. The application will be subject to a review period of 10 months.
*GeoEye expects sales to increase in the fourth quarter following the launch of the company's GeoEye-1 spacecraft, chief executive Matthew O'Connell said. Launch was pushed back to Sept. 7 from tomorrow.
*Mortgage finance company Freddie Mac sold $4 billion in debt this week at prices that show investors' fears about the company are still elevated, but lower than last month. Freddie's $3 billion in two-year debt was auctioned today at a yield of nearly 3.23 percent, or almost 0.98 of a percentage point above comparable Treasury notes. That gap -- or spread --was larger than the company paid in similar offering in July, which was priced at 0.88 percentage points above comparable Treasury securities.
Please email us to report offensive comments.
The comments to this entry are closed.