Month: December 2012

H&R Block Inc. ’s ( HRB ) second quarter 2013, ending October 30, adjusted loss from continuing operations came in at 37 cents per share ,narrower than the Zacks Consensus Estimate loss of 40 cents. It was in line with the loss reported in the year-ago period […]

Dow Coating Materials, a business unit of The Dow Chemical Company ( DOW ), plans to increase production of its Dispersants products in order to capitalize on the increasing demand from customers across the globe. The company will start producing more TAMOL and OROTAN High-Performance Hydrophobically Modified Copolymer Dispersants from the first quarter of 2013. These dispersants are primarily used in the coatings industry as well as other Dow businesses in North America and worldwide. […]

Synopsys Inc. ( SNPS ) reported earnings per share (EPS) of 38 cents in the fourth quarter of 2012, in line with the Zacks Consensus Estimate. Revenue Revenue in the fourth quarter stood at $454.2 million, up 16.3% from $390.5 million in the year-ago period. […]

Qualcomm Inc. ( QCOM ), the largest mobile chipset manufacturer in the world has almost solved its chipset supply issue as two of its biggest vendor has increased their productions. Resolving the chipset supply shortage will bring to an end a major problem for Qualcomm, as it struggles to meet with the rising demand of its popular Snapdragon S4 processor […]

The aggressive drilling strategy of oil and gas major TOTAL S.A. ( TOT ) continues to generate positive results. The drilling activity in the North Platte prospect on Garden Banks Block 959 in offshore Gulf of Mexico has resulted in a find of several hundred feet of net oil pay in Lower Tertiary sands. […]

Edwards Lifesciences Corporation ( EW ) recently announced solid sales and earnings projections for 2013. This aided the company, which develops heart valves and conducts hemodynamic monitoring, regain investors’ confidence, which had been dented by a dismal third quarter 2012 performance. Accordingly, the company’s share price shot up 6% on Tuesday’s closing […]

China Mobile Limited ( CHL ), the largest telecom carrier in the world, has launched a customized Lumia 920T for its customers. Lumia 920T became the first Windows-based smartphone that runs on China’s national grown technical standard TD-SCDMA (Time Division Synchronous Code Division Multiple Access). Lumia 920T shares almost identical features with the one offered in the Western countries. […]

Geron Corporation ( GERN ) faced another pipeline setback recently with the company deciding to scrap the development of its phase II oncology candidate, GRN1005. GRN1005, which became a part of Geron’s pipeline under an agreement with Angiochem, Inc., was being studied for the treatment of cancers in the brain. […]

Advanced Micro Devices Inc. ( AMD ) is collaborating with Ubisoft to provide support to Far Cry 3 in the U.S. The latest chapter of the Far Cry franchise for PCs is being developed with AMD’s Gaming Evolved program […]

BMC Software Inc. ( BMC ) is winning deals at regular intervals. Recently, Saudi Arabian mobile telecommunications company mobily opted for BMC’s Cloud Lifecycle Management (CLM) solution […]

Expanding its employee benefits coverage, Marsh & McLennan Companies Inc. ’s ( MMC ) Marsh & McLennan Agency LLC (MMA) announced the acquisition of a leading Ohio-based Brower Insurance Agency. However, the terms and financials of the deal remain concealed […]

World’s biggest coffee company Starbucks Corporation ( SBUX ) recently announced its long-term objectives pertaining to store expansion and growth strategies for each of its segments; its entry into the tea industry and its initiatives to boost consumer relations. The company plans to take the following steps to ensure growth in the upcoming fiscal years. Segment Specific Plans The Americas business has witnessed a substantial turnaround since the last couple of years […]

One of the leading telecom and data solution providers in the U.S., CenturyLink, Inc. ( CTL ) has launched another cloud product — Savvisdirect. The new cloud product is designed to cater to every business size and provide cost effective cloud computing solutions […]

United Parcel Service Inc. ( UPS ) is planning to sell TNT Express’ assets to the European Union to meet the antitrust requirements for the completion of the impending acquisition of the latter. The two companies have reportedly decided upon selling TNT business units to 13 countries of the European Union and provide access to UPS’ networks in order to secure the $6.8 billion acquisition deal. […]

American National Bankshares Inc. ( AMNB ) has witnessed sharp downward estimate revisions after reporting disappointing third-quarter 2012 results that included an 11.5% year-over-year decrease in earnings per share and a negative earnings surprise of 2.1%. Consequently, this southeast-regional bank sunk to a Zacks #5 Rank (Strong Sell) on December 5. […]