Kate Spade & Company (NYSE:KATE) announced strategic initiatives that will further focus its business on the long-term growth of the kate spade new york brand. As part of this announcement, Kate Spade & Company is absorbing key elements of Kate Spade Saturday’s success into kate spade new york and discontinuing Kate Spade Saturday as a standalone business. On Thursday shares of Kate Spade & Company (NYSE:KATE) closed at $31.68. Company’s sales growth for last 5 years was -20.00% and EPS growth for next 5 years is recorded as 45.00%.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Silicon Image, Inc. (NASDAQ:SIMG) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Lattice Semiconductor Corporation (NASDAQ GS: LSCC), in a transaction valued at approximately $600 million. Silicon Image, Inc. (NASDAQ:SIMG) in last trading activity increased 0.14% to close at $7.29. Company weekly performance is 21.91% while its quarterly performance stands at 53.47%. Silicon Image, Inc. (NASDAQ:SIMG) is -0.55% away from its 52 week high.
Canadian Imperial Bank of Commerce (NYSE:CM) is cutting more than 500 jobs, as the lender tries to pare costs, the Wall Street Journal reported, citing people familiar with the matter. On Thursday shares of Canadian Imperial Bank of Commerce (NYSE:CM) closed at $72.42. Company’s sales growth for last 5 years was 4.30% and EPS growth for next 5 years is recorded as 9.05%.
Amazon.com, Inc. (NASDAQ:AMZN) is getting ready to break out the results of its cloud-computing division. The move underscores how huge an enterprise Amazon Web Services has become. The cloud-computing service is a strategically important business that puts the Seattle-based company deep into the corporate-technology market. Amazon.com, Inc. (NASDAQ:AMZN) in last trading activity increased 2.59% to close at $311.78. Company weekly performance is 0.47% while its quarterly performance stands at 5.48%. Amazon.com, Inc. (NASDAQ:AMZN) is -23.25% away from its 52 week high.
Celldex Therapeutics, Inc. (NASDAQ: CLDX) and Bristol Myers-Squibb (NYSE: BMY) announced the initiation of a Phase 1/2 dose escalation and cohort expansion study examining the investigational combination of varlilumab, Celldex’s CD27 targeting investigational immune-activating antibody and Bristol-Myers Squibb’s immunotherapy Opdivo (nivolumab). Celldex Therapeutics, Inc. (NASDAQ:CLDX) has 0.28% insider ownership while its institutional ownership stands at 90.90%. In last trading activity company’s stock closed at $21.95.