Month: February 2012

On Monday, NYSE Euronext Inc. ( NYX ) announced that its futures exchange in the U.S. – NYSE Liffe – has successfully launched its mini-sized options on gold and silver futures contracts […]

EI DuPont de Nemours & Co. ( DD ) announced that it has expanded its collaboration agreement with the Australian Centre for Plant Functional Genomics (“ACPFG”) to improve the productivity of cereal crops. The terms of the agreement have yet to be disclosed […]

BP Plc ( BP ) intends to offload its natural gas assets in Kansas to a subsidiary of LINN Energy, LLC ( LINE ), in response to a weak natural gas price environment and in order to streamline its portfolio. The U.K. […]

CA Inc . ( CA ) recently announced its intent of further enhancing its Content-Aware Identity and Access management (IAM) solution in order to deliver an upgraded security solution for Microsoft SharePoint to help improve information security, reduce risk and meet compliance requirements. The technology major’s Content-Aware IAM vision is unique in its own way as it helps control users, enhances their access and facilitates the information handling process […]

Foster Wheeler AG ’s ( FWLT ) Global Engineering and Construction Group received a contract from JSC LUKOIL’s subsidiary. As per the deal, the company will provide a waste heat boiler for LUKOIL Nizhegorodnefteorgsyntez Refinery in the Nizhny Novgorod region of Russia. The contract value for Foster Wheeler is undisclosed […]

On Tuesday, the deal between Raymond James Financial Inc. ( RJF ) and Morgan Keegan & Company Inc. […]

In its concerted effort to boost shareholder value, the board of directors of XL Group Plc ( XL ) approved a share repurchase program wherein the company is authorized to buy back up to $750 million worth of shares. The current authorization will also replace $190 million remaining under the previous authorization. The repurchase authorization is primarily supported by XL Group’s strong balance sheet and its ability to generate healthy cash flow […]

Diagnostic test kit maker Meridian Bioscience ( VIVO ) has won the approval of the U.S. Food and Drug Administration (FDA) for its new test for detection of Legionnaire’s disease (legionellosis), a potentially fatal form of pneumonia. […]

Brazilian sugar and ethanol producer, Cosan ( CZZ ) recenty announced signing of a sale and purchase agreement with Riccardo Arduini, Julia Dora Koranyi Arduini and GMI – Global Market Investments L.P. As per the terms of the agreement, Cosan will purchase roughly 38.98 million shares of ALL – América Latina Logística S.A. […]

Health Care REIT Inc. ( HCN ), a leading health care real estate investment trust (REIT) that operates senior housing and health care real estate, has recently completed its secondary offering of 20.7 million common shares at $53.50 each, including 2.7 million shares sold to the underwriters to cover the over-allotment options. Health Care REIT raised approximately $1.1 billion of gross proceeds from the offer […]

We maintain our Neutral recommendation on Embraer S.A ( ERJ ). Improved worldwide commercial and defense aviation demand reflect a positive outlook for the future. In such a scenario, we believe Embraer will be able to sustain its strong position in the security solution business across Brazilian and other governments with a series of applications […]

On Monday, Fitch Ratings lowered the rating outlook on SunTrust Banks Inc. ( STI ) and its subsidiaries, while affirming the long-term Issuer Default Ratings (IDRs). The agency downgraded the company’s rating outlook to “Stable” from “Positive” and retained the IDRs at “BBB+”. […]

According to reports, gold miner Kinross Gold Corporation ( KGC ) wants to sell its 50% stake in the Crixas gold mine in Brazil and 25% stake in the Cerro Casale gold-silver-copper project in Chile. The company stated that the sale is part of its ongoing portfolio review process and not aimed to fund growth per say. The Crixas mine consists of two operating underground gold mines and is located in the State of Goias, approximately 161 miles (260 kilometers) northwest of the capital city of Brasilia […]