Chemical Financial Names David Provost To Succeed Retiring CEO

Chemical Financial Names David Provost To Succeed Retiring CEO

Chemical Financial, which operates Chemical Bank in Michigan and adjoining areas, Wednesday said CEO David Ramaker has decided to retire in Q3, and that David Provost, vice chairman of the board, has been named to succeed Ramaker. In related news, Chemical Financial reported Thomas Shafer has been named vice chairman of the board, and also CEO of subsidiary Chemical Bank. Shafer has been director of regional and community banking at […]

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Dollar and Yen Trade Softer

Dollar and Yen Trade Softer

Both the dollar and yen traded softer against most other currencies in a revived risk-on environment. The yen itself was the underperformer, which drove USD/JPY above 111.00 and to a fresh two-week peak at 111.38. This came as stock markets in Asia and Europe managed to rebound. U.S. equity futures also rose, recovering after being rattled by the hawkish turns of the Federal Reserve Bank and Bank of England this […]

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Foamix Pharmaceuticals Doses First Patient in Phase 3 Trial

Foamix Pharmaceuticals Doses First Patient in Phase 3 Trial

Foamix Pharmaceuticals has dosed the first patient in its phase 3 program to evaluate the efficacy and safety of its topical minocycine foam 1.5%, FMX103, for the treatment of moderate-to-severe rosacea. The design and clinical endpoints for this phase 3 program are based on the results of the company’s phase 2 study, conducted in Germany with 233 rosacea patients, and recent end-of-phase 2 meeting with the FDA. The company expects […]

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Tallgrass Energy Partners, LP To Develop New Terminal

Tallgrass Energy Partners, LP To Develop New Terminal

Tallgrass Energy Partners, LP said Monday that, through its subsidiaries Tallgrass Terminals, LLC and Tallgrass Pony Express Pipeline, LLC, it has entered into an agreement with Saddle Butte Pipeline to develop the Tallgrass Grasslands Terminal. The terminal will be located in the heart of the Platteville, Colo., oil terminal complex and will interconnect with Saddle Butte’s Denver-Julesburg Basin crude oil gathering system. Pending the successful conclusion of the Pony Express […]

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Fiesta Restaurant Group Gets ISS Backing on Its Nominees

Fiesta Restaurant Group Gets ISS Backing on Its Nominees

Fiesta Restaurant Group confirmed in a regulatory filing with the U.S. Securities and Exchange Commission that shareholder proxy advisory firm, Institutional Stockholder Services (ISS) has recommended that shareholders vote for all of the company’s board nominees, and not the two nominees proposed by a group led by JCP Investment Management. Subsequently, JCP issued a response commending ISS for recognizing “areas of concern” surrounding the current board, namely, its ineffective oversight […]

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