Month: December 2012

In an effort to share more profit with its shareholders, Texas-based Prosperity Bancshares Inc. ( PB ) announced a 10.3% hike in its quarterly cash dividend to 21.5 cents per share. […]

We have initiating our coverage on TD Ameritrade Holding Corporation (AMTD) with a long-term ‘Neutral’ recommendation to reflect its continued focus on improving its trading and investing businesses. However, a decline in trading volumes, a low interest rate and stringent regulatory environments are the causes of concern. Despite sluggish macro economic environment, TD Ameritrade continues to report an improvement in organic assets […]

The Ritz-Carlton Hotel Company, LLC, a wholly owned subsidiary of Marriott international Inc. ( MAR ) , recently announced the opening of its first luxury hotel The Ritz-Carlton, Almaty in Kazakhstan. The hotel is slated to open in late 2013. […]

We maintain our long-term Neutral recommendation on Pioneer Natural Resources Company ( PXD ) – an independent oil and gas exploration and production company. The company’s oil-weighted reserves base, large drilling inventory and impressive production growth profile are somewhat overshadowed by the lower price environment. Pioneer’s oil-weighted reserves base and large drilling inventory − with more than 20,000 liquids-rich drilling locations in low-risk resource plays − with significant resource potential are catalysts to unlock value for shareholders. […]

Cisco Systems ( CSCO ) has enabled SingTel to deploy the next-generation high-speed global carrier Ethernet network called Multiprotocol Label Switching-Transport Profile (MPLS-TP) technology for its business customers. Singapore-based Singapore Telecommunications Limited or SingTel is a public limited telecommunications company. It provides ISP (SingNet), IPTV, mobile phone (SingTel Mobile Singapore) and fixed line telephony services to its customers […]

Sanofi ’s ( SNY ) vaccines division, Sanofi Pasteur, recently announced the approval of the expansion of the indication for Menactra (meningococcal [Groups A, C, Y and W-135] polysaccharide diphtheria toxoid conjugate vaccine) in Canada. Menactra is now approved in Canada for patients, age between 9 months – 55 years. Menactra vaccines are used in patients (age of 9 months – 55 years) to prevent meningococcal meningitis and meningococcal disease caused by strains A, C, Y and W-135 of the bacteria neisseria meningitides […]

Payroll and human resource (HR) outsourcing service provider Paychex Inc. ( PAYX ) recently announced the takeover of the expense management business (“ExpenseWire”) of Rearden Commerce Inc. for an undisclosed sum […]