Boston, MA 03/26/2014 (wallstreetpr) – Orthofix International NV (NASDAQ:OFIX) has launched investigations into possible violation in payments in its Brazil subsidiary. The company filed with Securities and Exchange Commission that it was looking into potential Foreign Corrupt Practices Act violation in Orthofix do Brasil. OFIX talked of notification from its legal department in August 2013 about allegations in respect to improper payments in the subsidiary. It thus acted by involving other outside reviewers to look into the matter, the internal investigations are ongoing, and are focused on compliance with anti-bribery laws. Shares of the orthopedics products maker jumped 7.22 percent to close at $26.58 during Tuesday trading. The Tuesday session was characterized with high volume trading with far more shares exchanging hands than in a normal day. Orthofix International NV (NASDAQ:OFIX), a $517.07 million market capped company witnessed its shares trading between low of $19.35 and high of $37.06 in the past one-year period.
Vocera Communications Inc (NYSE:VCRA) announced Tuesday that Ocean House, a seaside luxury resort in Rhode Island, has adopted its high-end communications technology throughout its property. The technology will enable the resort to improve staff communication and deliver exceptional communication environment to its guests. The technology from Vocera, a leader in intelligent mobile communication, will enable the entire staff of Ocean House to communicate easily and instantly. Ocean House is Five Diamond and Forbes Five-Star hotel in Rhodes Island. Shares of Vocera Communications Inc (NYSE:VCRA) were up 6.4 percent to $17.45 during trading Tuesday, a day on which significantly above average volume of shares changed hands.
Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) has announced expansion of its fat treatment procedures, with the launch of CoolSmooth system is the new member among its CoolSculpting platform for fat reduction. The new technology ensures non-invasive reduction of fat in the flank and abdomen. The company said that CoolSmooth applicator, the latest in its applicator platform, features non-vacuum-based cooling and is made in such a way that it fits and feels comfortable to individual patients. Shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ) rose almost 6 percent to close at $19.17 during Tuesday session.
