Year: 2011

Opnext, Inc. ( OPXT ) recently stated that production at the Chokchai campus of Fabrinet (Opnext’s primary contract manufacturer) remains suspended following the floods in Thailand in October. Fabrinet has stated that it is unlikely production at Chokchai will resume […]

Koc Holding AS, the joint venture partner of Ford Motor Co. ( F ) in Kocaeli, Turkey, announced that it will invest 6.5 billion liras ($3.4 billion) in 2012. […]

Being a leading American marketer of fine accessories and gifts, Coach Inc. ( COH ) boasts a proven strategy of investing in stores to enhance sales productivity through product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model. This strategy should drive comparable-store sales and operating margins in the long term. […]

We are reiterating our Neutral recommendation on U.S. Bancorp ( USB ) stock. U.S. […]

In order to safeguard its own interests in federal court, Equity Residential ( EQR ), a multifamily real estate investment trust (REIT), recently filed a motion to "intervene as a party in interest” in the legal proceedings for acquiring a stake in rival company Archstone – one of the largest investors, developers and operators of apartment communities in the U.S. Archstone is presently owned by a consortium of financial institutions that include Bank of America Corporation ( BAC ), Barclays PLC ( BCS ), and the bankruptcy estate of Lehman Brothers Holdings Inc. […]

Independent oil and gas producer Anadarko Petroleum Corporation ( APC ) received $419 million from Statoil Brasil Óleo e Gás Ltda, in relation to the sale of a 50% interest in the Peregrino oil field located in Campos Basin offshore Brazil. In 2008, Anadarko agreed to sell its 50% interest for $1.4 billion and added an agreement for an additional payment based on commodity prices. […]

After a long battle between United Continental Holdings ( UAL ) and International Brotherhood of Teamsters (IBT), both parties have now struck a new labor deal. Recently, United Airlines, a wholly owned subsidiary of United Continental, reported that a new labor contract was approved by 5,500 airplane mechanics represented by IBT. The agreement deals with factors like compensation benefits and work rules, including an $11,500 bonus and recovery of items that were lost when United went through a bankruptcy in 2009. […]

Leading manufacturer of high-performance solar power products, JA Solar Holdings Co. Ltd ( JASO ) announced that it would supply solar modules to Solarhybrid AG. Solarhybrid AG is a Germany-based project developer and general contractor for turn-key utility-scale solar power projects […]

Alnylam Pharmaceuticals Inc ( ALNY ) recently announced pre-clinical data from a trial evaluating its pipeline candidate ALN-HTT for the treatment of Huntington's disease (HD). ALN-HTT is a novel therapeutic product that uses the potentially revolutionary RNA (ribo nucleic acid) interference (RNAi) technology. The data showed broad central nervous system (CNS) distribution and robust therapeutic silencing of the gene responsible for Huntington's disease. […]

We recently maintained our Neutral recommendation on Cooper Industries Plc ( CBE ). Incorporated in Ireland and headquartered in Houston, Texas, Cooper Industries plc is a diversified manufacturer, marketer, and distributor of electrical products, tools, and hardware. General industrial manufacturers, such as those in the aerospace and automobile industries, are the main users of Cooper’s power tools and assembly systems. […]