Month: December 2012

One of the leading manufacturers of smartphone chipsets, Qualcomm Inc. ( QCOM ), may acquire a huge stake in Sharp Corporation, by investing nearly 10 billion yen ($121.5 million). Qualcomm is expected to make the investment of 10 billion yen in two installments, 5 billion yen through a private placement of new shares by the end of 2012 and the remaining part of the investment to take place after the new panel production begins. […]

Harris Corporation ( HRS ), a leader in the public safety and professional communications market, has won consecutive orders for its Falcon tactical radios from a NATO and a Central Asian country. Both the deals signify the growing popularity of the company’s radio products among the defense sectors of different countries. Harris won an $11 million contract from the Ministry of Defense of a NATO country to provide them with Falcon III Secure Personal Radio (SPR). […]

Contract drilling services provider Helmerich & Payne Inc. ( HP ) has increased its quarterly common stock dividend by more than 100% to 15 cents per share (60 cents per share annualized). The new dividend will be paid on March 1, 2013 to shareholders of record as of February 15, 2013 […]

Jazz Pharmaceuticals ( JAZZ ) recently initiated a study on Erwinaze (asparaginase Erwinia chrysanthemi) for the treatment of patients suffering from acute lymphoblastic leukemia (ALL) with hypersensitivity to E. coli-derived asparaginase therapy. Erwinaze offers an intravenous and alternative method of administration for the treatment of ALL. […]

Baxter International ( BAX ) recently inked a definitive agreement to take over Gambro AB, a Sweden-based privately-owned renal products company. The full consideration amounts to 26.5 billion SEK or about $4 billion. […]

Parkway Properties, Inc. ( PKY ), a real estate investment trust (REIT), has recently priced an underwritten public offering of 13.5 million shares at $13.00 each, to increase its liquidity. […]

Ecolab Inc ( ECL ) recently completed the sale of its Vehicle Care division to Atlanta, Georgia-based Zep Inc. ( ZEP ) for roughly $120 million in cash. […]

Following the third quarter earnings release, we reaffirm our long-term ‘Neutral’ recommendation on CVS Caremark ( CVS ), the largest provider of prescription and related health care services in the U.S. The company surpassed bottom-line Zack Consensus Estimate for the ninth successive time in the third quarter. Adjusted EPS increased 21.4% year over year to 85 cents, beating the Zacks Consensus Estimate by a penny […]

Italy’s biggest oil and gas company Eni SpA ( E ) has resumed its drilling operations in Libya with the spudding of the AI – 108/4 well in the Sirte Basin. The well is located about 300 kilometers south of the city of Benghai and is expected to reach a total depth of 14,500 feet. […]

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. ( BHI ) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country) […]