Month: December 2012

U.S. energy behemoth ExxonMobil Corporation ( XOM ) and Russian state-owned company OAO Rosneft have agreed upon a joint venture for assessing the prospect of commercial production of light oil reserves at the Bazhenov and Achimov reservoirs in Western Siberia. The group will set up a pilot plan and ExxonMobil will have an equity stake of 49% while Rosneft will hold the remaining 51% interest under the venture. […]

Enbridge Energy Partners, L.P. ( EEP ) proposes to invest around $3.4 billion in a Light Oil Market Access Program, which intends to increase accessibility to new markets in response to higher volumes in the North American energy market of North Dakota and western Canada light oil production. The program comprises a number of projects – some of which will be on a standalone basis while others will be jointly financed by the partnership and Enbridge Inc […]

Recently, American Financial Group, Inc. ( AFG ) declared a special dividend of 25 cents per share payable on December 24, 2012 to shareholders of record as of December 17, 2012. This implies a dividend yield of 0.63%, based on the closing price of $39.97 as of December 6, 2012 […]

CH Robinson Worldwide Inc. ( CHRW ) has increased its quarterly dividend from 33 cents to 35 cents, representing a growth of 6% in dividend payments. The increased dividend will be paid on December 31, to shareholders of the record on December 17. […]

Unisys Corporation ( UIS ) recently unveiled its latest Agile Business (AB) Suite application software, Release 3.0, which can be used for Unisys ClearPath MCP and Microsoft Windows networks. In today’s world, there is a huge demand for creating and upgrading various mission-critical applications in an easier manner in order to augment client productivity. […]

CACI International Inc. ( CACI ), a leading provider of IT outsourcing services to the U.S. […]

This holiday, customers can expect more from retailers as they take their final lap before Christmas. Shoppers are offered deep discounts to enliven their shopping spirit. Apart from door-buster deals, early store opening, e-shopping through smartphones and tablets as well as free shipping are the added advantages […]

Leading firearm manufacturer, Smith & Wesson Holding Corporation ( SWHC ) reported adjusted earnings of 24 cents per share in the second quarter of fiscal 2013, compared with 1 cent per share in the year-ago quarter. The results of the company were a penny higher than the Zacks Consensus Estimate. Total Revenue The company reported net sales of $136.6 million in the relevant quarter, up 47.9% from $92.3 million in the year-earlier period […]