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Business News on September 1, 2012


Facebook shares hit new low as BMW slashes its price target
Advertisers worry about performance of Facebook ads Andhra News

PropThink: Catalyst in Threshold Pharmaceuticals; Interim Trial Data by Year's-End
Since reporting 2Q earnings on August 2nd, Threshold Pharmaceuticals (NASDAQ:THLD) gained 25% and is on track to end the month around $8.70, a $.50 premium to Friday's opening price. On Wednesday the company announced upcoming presentations at two investor conferences, Stifel Nicolaus and BioCentury NewsMakers, on the 5th and 7th ACN Newswire

PropThink: Genetic Technologies' Wednesday Gains Unsustainable, Declining Without Momentum
The Australian diagnostics company Genetic Technologies (NASDAQ:GENE)(ASX:GTG) is giving up gains from Wednesday, down 6% on the day to $3.48. The middle of the week saw immense momentum on the stock from traders, driving share price from $3.18 to $4.20 before beginning a descent that lasted through Thursday and into this morning ACN Newswire

UPDATE: Farmers Insurance Mobile Catastrophe Claims Bus on the Scene in Baton Rouge, LA Helping Customers Who Suffered Damage From Hurricane Isaac
Farmers Insurance Group® of Companies claims has a Mobile Claims Catastrophe Bus (MCC) in Baton Rouge to help customers stricken by Hurricane Isaac. MarketWire

Bechtel's Project Management Skills Support Delivery of Port Megaproject
Khalifa Port, the new state-of-the-art gateway to Abu Dhabi, today commenced commercial operations. Bechtel was responsible for project management of the port and Khalifa Industrial Zone Abu Dhabi (Kizad) for its client, Abu Dhabi Ports Company (ADPC). MarketWire

Farmers Insurance Mobile Catastrophe Claims Bus on the Scene in Baton Rouge, LA Helping Customers Who Suffered Damage From Hurricane Isaac
Farmers Insurance Group® of Companies claims has a Mobile Claims Catastrophe Bus (MCC) in Baton Rouge to help customers stricken by Hurricane Isaac. MarketWire

Nestlé expands Special. T in Europe
Nestlé S.A. /Nestlé expands Special. T in Europe . Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement. GlobeNewswire

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