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Toni Kaplan of Morgan Stanley probes about the hiring strategy. $FDS said it was able to expand capabilities in Manila and India. The company is starting to do more product and engineering-related activities on top of content collection. Some of the growth in hiring is from low-cost locations and further growth will depend on product development.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.