Month: August 2011

Texas Roadhouse Inc. ( TXRH ) recently announced that its chief executive officer (CEO) and president – G.J. Hart has resigned to pursue the same position at California Pizza Kitchen […]

Raven Industries Inc. ( RAVN ) delivered earnings of 68 cents per share in its fiscal second quarter 2012 ended July 31, 2011, comfortably exceeding the Zacks Consensus Estimate of 51 cents. Results surged 48% from 46 cents earned in the year-ago quarter […]

China's second largest mobile operator China Unicom ( CHU ) added 2.12 million subscribers in July, up 1.2% from the prior month. This takes the company’s total customer base to 183.74 million. […]

GameStop Corporation ( GME ) is well positioned to take advantage of the growing market for video game products and PC entertainment software. The company’s strategy is to grow through store expansions in favorable localities, by providing the largest title collection of video games and leveraging its first-to-market distribution network to offer the latest hardware and software releases. The company holds a significant position in the used video game products market. […]

BP Plc ( BP ) experienced a downfall in its first half 2011 production level in Azerbaijan. A drop in gas demand during summer as well as maintenance activities led to the production decline. […]

The U.S. District Court for the western district of Kentucky has recently passed a directive to HCP Inc. ( HCP ) to immediately pay compensatory damages to the tune of approximately $102 million to Ventas Inc […]

Virginia-based Computer Sciences Corp. ( CSC ) recently inked a service agreement with Citizenship and Immigration Canada (CIC). […]

We have downgraded energy explorer Marathon Oil Corporation ( MRO ) to Underperform from Neutral following the company’s second quarter miss and the clouded post-split outlook. Houston, Texas-based Marathon Oil is a leading integrated oil and gas firm with extensive upstream operations. The company’s business is organized into three segments – Exploration and Production (accounting for more than 80% of Marathon’s total income), Oil Sands Mining, and Integrated Gas […]

Technology outsourcing and consulting major Accenture plc ( ACN ) recently won a system development contract from the Department of Health and Ageing in Australia. Financial details of the deal were not divulged. As per contract terms, Accenture will develop and implement an extensive health care system namely Personally Controlled Electronic Health Record (PCEHR) […]

We recently downgraded our long-term investment rating on Walter Energy Inc. ( WLT ) to Neutral, citing threats related to the moderation of the global steel markets, volatile commodity prices and cost escalations. […]

The Boeing Company ( BA ) has received a sizable contract from the UK Ministry of Defense (“MOD”) worth $1.64 billion or 1 billion pounds Sterling to provide 14 new CH-47 Chinook helicopters and associated support to the Royal Air Force (“RAF”) for the first five years. The CH-47 Mk-6 Chinook has a new, machined monolithic airframe with UK-specific avionics, forward-looking infrared radar, a rescue hoist, aircraft defensive systems, and interoperable communication and navigation equipment. It will act as a part of MOD's Strategic Helicopter Vision to modernize their helicopter force structure […]