Month: August 2011

Symmetry Medical ( SMA ), an instrument supplier to orthopedic devices makers, has wrapped up its acquisition of privately-held electrosurgical instruments maker Olsen Medical in an all cash transaction. The deal was announced on August 3, 2011. The financial terms of the transaction were not divulged by the entities […]

We reiterate our Neutral recommendation on Magna International Inc. ( MGA ), which is a leading manufacturer and supplier of automotive components. […]

In a major strategic move, Liberty Media Corp. ( LCAPA ) has abandoned its plan to buy a controlling stake in Barnes & Noble Inc. ( BKS ), instead will invest in the company. […]

The Progressive Corporation ( PGR ) has offered $500 million of 3.75% senior notes due 2021. Progressive is offering the senior notes at 99.892% of face value. Progressive intends to use th e proceeds for general corporate purposes […]

Bob Evans Farms Inc. ( BOBE ) announced first quarter 2012 earnings of 59 cents per share, which outpaced the Zacks Consensus Estimate of 50 cents per share and the year-ago quarter earnings of 41 cents per share. The better-than-expected results were driven by solid performance from the food products segment and cost-control initiatives, offsetting higher cost of sales and sluggish revenue from the restaurant segment […]

Independent oil and gas producer Noble Energy Inc. ( NBL ) and diversified fuel producer CONSOL Energy Inc. ( CNX ) have formed a joint venture to develop CONSOL’s Marcellus Shale properties in southwest Pennsylvania and northwest West Virginia. […]

SINA Corp. ( SINA ) reported second quarter 2011 earnings of 14 cents per share, which missed the Zacks Consensus Estimate by 4 cents. Reported earnings exclude one-time items but include stock-based compensation charges […]

Recently, Walgreens ( WAG ) introduced its new store brand Nice! in the US. Under this label, over 400 high quality grocery and household products will be priced at 30% lower than other national brands. Walgreens plans to include almost all Nice! products on its stores within early 2012 and expects to add more products under this brand going forward. […]