Stocks To Watch: Alpha Natural Resources, Inc. (NYSE: ANR); Constellation Energy Partners LLC (NYSE MKT: CEP); pSivida Corp. (NASDAQ:PSDV)
Dallas, Texas, 09/29/2014 (ustrademedia) – On September 26, 2014, Alpha Natural Resources, Inc. (NYSE:ANR) provided an update to its previous announcement on 31st July. Yesterday’s announcement indicated that three of its units have provided intimation to their employees that there would be job layoffs since the coal mines which employees, them are being moved into an Idle mode. The update also noted that eight additional mining units have extended their operation period for the time being. The latest update was provided by the coal mining terms as per the provisions set forth in the Worker Adjustment and Retraining Notification Act. In July, Alpha Natural Resources, Inc. (NYSE: ANR) has notified that 11 mining sites spread across West Virginia would be impacted under the proposed right sizing exercise.
HOUSTON headquartered Constellation Energy Partners LLC (NYSEMKT:CEP) announced that a decision has been taken to rename the firm’s name to “Sanchez Production Partners LLC (NYSE MKT: SPP). The name change also necessitates a change in the firm’s ticker used on the NYSE to SPP. The changes would be taking effect on Oct. 3, 2014, after market close. The change in nomenclature was arrived on the back of Services Agreement that Constellation Energy Partners LLC (NYSEMKT: CEP) had inked with privately owned Sanchez Oil & Gas Corporation in May 2014.
Alimera Sciences Inc (NASDAQ:ALIM) and pSivida Corp. (NASDAQ:PSDV) announced that they had got U.S Food and Drug Administration approval for their “eye disease implant” branded as “Iluvien”. The implant is designed to be administered into the patient’s eye via an injection. The drug is expected to provide treatment avenues to patients who are suffering from macular edema (“blurred vision and blindness”) caused due to Diabetes. The drug once implanted, would be releasing small quantities of drug “corticosteroid” for close to three years.