Boston, MA 02/11/2014 (wallstreetpr) – AbbVie Inc (NYSE:ABBV) is investing $230 million to set up a facility in Singapore; its first manufacturing plant in Asia. The facility will deal in production of immunology and oncology treatments. ABBV hopes that the new Asian facility will be up and running by 2019 and hope to offer jobs to about 250 new workers. The Singapore plant will produce products to serve global markets. Being in Singapore, a fast growing bio-cluster, the company’s senior vice president of operations Azita Saleki-Gerhardt said they will be able to expand manufacturing capacity and network while keeping an eye on rigorous quality and delivery standards. All this, AbbVie Inc (NYSE:ABBV) says, will be to serve patients around the world.
MGM Resorts International (NYSE:MGM) has announced the election of Mary Chris Gay to join its board of directors. The company stated that Ms Gar will be a tremendous asset to its board. According to board chair and company CEO Jim Murren, it is s wonderful thing that Ms Gay has accepted the important role to in the future of the company and industry. Ms Gay is a resident of Maryland and she served as senior vice president, equity analyst and portfolio manager for more than 24 years with Legg Mason Global Asset Management. She was primarily focused on lodging and gaming industry. Thus, MGM Resorts International (NYSE:MGM) hopes her presence in its board will be a big boost to its business and future.
Barrick Gold Corporation (USA) (NYSE:ABX) is stepping up to the earnings platform just before the market open Thursday. That will be an important event to keep a close eye on. Historically, and sometimes expectedly, ABX has missed on consensus profit estimates in at least four of the last eight quarters. The stock has ended Monday session above $19, yet the past three sessions were beneath $19 per share. Yet still, $20 per share mark has eluded Barrick Gold Corporation (USA) (NYSE:ABX) since October.
