Month: November 2011

C elanese Corporation ( CE ) entered into an agreement to acquire polyvinyl acetate assets from Ashland Inc . ( ASH ), including two product lines, Vinac and Flexbond. The transaction is expected to close within 60 days, subject to satisfaction of closing conditions. […]

MBIA Inc. ’s ( MBI ) third-quarter net income (a GAAP measure) came in at $444 million or $2.26 per share, compared with a net loss of $213 million or $1.06 in the prior-year quarter. The year-over-year improvement was primarily led by $776 million in unrealized gain on insured derivatives, compared with a loss of $1 billion in the year-ago quarter […]

We have upgraded oil and natural gas exploration and production firm Marathon Oil Corporation ( MRO ) to Neutral from Underperform, reflecting its sustainable growth prospects and improved 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 […]

Dell Inc. ( DELL ) is scheduled to announce its third quarter 2012 results on November 15, 2011 and the modest revision in analysts’ estimates reflect changes in the company’s future business prospects. Second Quarter Overview The company reported decent second quarter 2012 results, with EPS of 54 cents beating the Zacks Consensus Estimate. […]

International Games Technology ( IGT ) inked a letter of intent (LOI) with Revel Entertainment Group, LLC to provide its casino systems solution to the latter. IGT will install IGT Advantage and sbX casino management systems and Service Window applications, which will enhance the casino experience for the customers making a splurge in Revel casinos. According to the LOI signed between the two parties, IGT will be providing gaming machines for almost 40% of the casino floor including IGT’s popular MegaJackpots […]

We maintain our Neutral outlook on Wisconsin Energy Corporation ( WEC ) as the company is subject to extensive regulations from the different regulatory bodies. These regulations impose restrictions on the company’s operations and cause substantial compliance costs. Any change in regulation or in the regulatory environment in general could impact the company's earnings. […]

SunPower Corporation ( SPWRA ) and NRG Energy, Inc. ( NRG ) announced the formal commencement of construction of the 250-megawatt California Valley Solar Ranch (“CVSR”). The project has received a loan guarantee of up to $1.237 billion from the U.S […]

We are upgrading our recommendation on Enterprise Products Partners L.P. ( EPD ) to Outperform from Neutral, following a sterling third quarter, a pipeline of development projects and lucrative collaborations. The results of the recently concluded quarter were backed by greater volumes of natural gas, natural gas liquids (NGLs) and crude oil along with a strong demand for NGLs in the U.S. […]