Month: April 2012

In a bid to establish user-friendly online payment functionality, last week American Express Co. ( AXP ) announced its alliance with Transaction Network Services (TNS) to launch a new payment service provider solution – American Express Payment Gateway – which would offer a single platform for all-sized merchants. […]

Italy-based energy company Eni SpA ( E ) has commenced gas flow from the Marulk field located in offshore Norway, about 80 kilometers from the coast. Marulk is the first field directly operated by Eni in Norway, with a 20% interest. Other partners – Statoil ASA ( STO ) and DONG E&P Norge – have interests of 50% and 30%, respectively. […]

Vivus Inc. ( VVUS ) will have to wait an additional three months before the US Food and Drug Administration (FDA) delivers a decision on the approvability status of its lead pipeline candidate, Qnexa. The FDA has extended Qnexa’s target date to July 17, 2012 from April 17, 2012 […]

The alarming rate of mobile theft has finally made the government and wireless operators up their sleeves to address this menace in a much stronger way. Mega carriers like Verizon Communications ( VZ ) Sprint Nextel Corp. ( S ), AT&T Inc. […]

We have reaffirmed our Neutral recommendation on Regions Financial Corp. ( RF ) based on its fundamentals, the recent sale of Morgan Keegan and the repayment of the bailout money. Fourth Quarter Results Regions’ fourth-quarter 2011 earnings from continuing operations of 9 cents per share marginally surpassed the Zacks Consensus Estimate […]

Beacon Roofing Supply Inc. ( BECN ) has entered into a new five-year senior secured credit facility that includes a $550 million U.S. credit facility and a C$15 million ($15.1 million) Canadian credit facility with Wells Fargo Bank, National Association (WFC). […]

Rite Aid Corporation ( RAD ), the third-largest retail drugstore in the U.S. based on revenues and number of stores, is scheduled to report its fourth-quarter 2012 financial results before the opening bell on April 12, 2012. The Zacks Consensus Estimate projects a loss of 12 cents per share for the fourth quarter on revenues of $7,100 million. […]