Month: August 2011

Technology outsourcing and consulting major Accenture plc ( ACN ) recently entered into an agreement to acquire Zenta, a provider of residential and commercial mortgage processing services. However, the company did not disclose the financial details of the deal. […]

Regency Centers Corporation ( REG ) recently completed the acquisition of Oak Shade Town Center, a 103,762 square foot neighborhood shopping center in Davis, California for $35.0 million. Oak Shade Town Center is anchored by three major stores Safeway, Rite Aid and OfficeMax. This transaction is expected to be beneficial for Regency owing to the strong growth control ordinances limiting future retail development in Davis city. […]

Yesterday, WellPoint Inc. ( WLP ) completed the acquisition of Medicare specialist CareMore Health Group after obtaining approval from various market regulators. The deal was priced at $800 million […]

Kinder Morgan Energy Partners LP ’s ( KMP ) Trans Mountain oil pipeline (TMPL) is overbooked by a wide margin for September. This has forced the company to cut shipper nominations. The pipeline carries oil to Canada’s Pacific Coast from Alberta. […]

Defense contractor General Dynamics Corporation ( GD ) announced that its unit Electric Boat received two modification contracts from the U.S. Navy having a combined worth of $32.9 million. […]

The gradual positive pricing environment coupled with accelerated volume gains has significantly aided Canadian National Railway Company ’s ( CNI ) financial performance in the second quarter and we expect the trend to continue. However, we believe Canadian National’s industry leading operating ratio will remain challenged in the upcoming quarter and beyond due to skyrocketing fuel prices, increased depreciation charges, unfavorable currency translation, higher taxation and a competitive railroad market in Northern America. […]

Fred’s Inc. ( FRED ) is scheduled to report its second-quarter 2011 financial results on Thursday August 25, 2011 before the opening bell. […]

Yesterday, Wells Fargo & Company ( WFC ) announced its plan of scraping debit card rewards program for its existing customers, effective October. Previously, in March, Wells Fargo halted the program for its new customers. This is an attempt on Wells Fargo’s part to reduce its losses from the cap on debit-interchange fees, as proposed by the Durbin Amendment […]

Arrow Energy Ltd. – a joint venture between global energy firm Royal Dutch Shell Plc ( RDS.A ) and state-controlled Chinese energy giant PetroChina Company Limited ( PTR ) – announced that it has made a preliminary, non-binding offer of A$520 million or $543 million to acquire Australian gas explorer Bow Energy. Queensland-based Arrow’s purchase price offer of A$1.48 per share in cash represents 67% premium to Bow’s Friday’s closing price of 88.5 cents […]

Gold miner Newmont Mining Corp. ( NEM ) announced its plans to build another underground mine. The company plans to start exploration activities at its Waihi site in New Zealand. […]

We reiterate our Neutral rating on Quality Systems ( QSII ). First-quarter fiscal 2012 earnings of 65 cents a share beat the Zacks Consensus Estimate by three cents. […]

On August 17, 2011, specialty retailer Hot Topic Inc. ( HOTT ) announced financial results for the second quarter of fiscal 2011. Street analysts had more than a week to ponder on the news […]

Recently, specialty retailer Abercrombie & Fitch Co. ( ANF ) announced financial results for the second-quarter 2011. Street analysts had nearly a week to ponder on the news […]