Month: September 2011

Yum! Brands Inc. ( YUM ) has finally found the right candidate for the sale of its brands –– Long John Silver’s and A&W. The company recently inked definitive agreements with two separate buyers led by key franchisee leaders for these divestures. […]

The shares FedEx Corporation ( FDX ) dropped to the lowest level since 2008 following the reduced profit outlook for fiscal 2012 (ending May 2012). The stock plunged 11% during whole day trading and closed at $66.58, down 8.17%. Concurrent with its first quarter fiscal 2012 earnings release, the world's second-largest package delivery company slashed its fiscal 2012 earnings projection from $6.35–$6.85 to $6.25–$6.75 per share on reduced demand in the U.S. […]

Eni SpA ( E ) has entered into an asset sale agreement with Belgian company Fluxys for its stakes in gas pipelines Transitgas and TENP. The transaction, which is expected to close by the end of the year, is subject to approval from the European Commission. The deal is consistent with the commitments Eni made to the European Commission in September last year. […]

Micron Technology Inc. ( MU ) recently unveiled the newest version of RealSSD C400 with a Self-Encrypting Drive (SED). […]

On Thursday, BB & T Corp. ’s ( BBT ) subsidiary, BBT Insurance Services, announced the acquisition of San Jose, California-based Liberty Benefit Insurance Services. Though the terms and the value of the deal were not disclosed, the agreement is expected to close on October 1. […]

We are maintaining our Neutral recommendation on the shares of Prudential Financial Inc. ( PRU ). Prudential is the second-biggest U.S […]