AAR Corp. ( AIR ), Illinois-based aerospace/defense products and services supplier, surpassed its earnings expectation in fiscal 2013 second-quarter with a decent revenue increase, driven by its recent acquisitions. AAR is also in the process of expanding its operations in the recently opened Duluth MRO facility […]
To further strengthen its global footprint, Burger King Worldwide ( BKW ) recently inked a joint venture deal with Beboca Ltd in Central America. The financial terms of the deal were not disclosed. Per the deal, Beboca Ltd will act as Burger King’s multi-country master franchisee and developer of 178 restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. […]
Consistent with its aim to further expand, mainly on the off-market front, Texas-based Whitestone REIT ( WSR ) recently announced the acquisition of a class-A community center – The Shops at Pecos Ranch – in Arizona for $18.95 million. The property generates in-place cash flow of roughly $1.6 million, or 8.4% of the purchase price. The Shops at Pecos Ranch is a 78,767 square-foot community center located in Chandler, a suburb in the growing Southeast Valley of Phoenix, Arizona. […]
Gaining momentum from the recovery at its stores post the devastation caused by Hurricane Sandy, leading footwear and accessories retailer, DSW Inc. ( DSW ), achieved a Zacks #1 Rank (Strong Buy) status on December 29. Additionally, the company’s estimates witnessed a significant rise following the robust third quarter results and an encouraging outlook for fiscal 2012. […]
Equity LifeStyle Properties Inc. ( ELS ), a real estate investment trust (REIT), announced the purchase of two properties in Texas for $25 million late last week. […]
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JHP Pharmaceuticals Acquired By Warburg Pincus PR Newswire PARSIPPANY, N.J. and NEW YORK, Dec. […]
We currently maintained our Neutral recommendation on ConAgra Foods Inc. ( CAG ), a world leader in providing branded and value added food services. […]
Smithfield Foods, Inc. ’s ( SFD ) share price has entered into oversold territory with a stochastic value of 10.577. […]
ValueClick Inc. ’s ( VCLK ) share price has entered into oversold territory with a stochastic value of 9.0168. The Zacks Consensus Estimate on the company’s earnings for year ending December 2012 increased by 3 cents over the past month to $1.44 per share […]
Envestnet, Inc . ( ENV ) recently entered into a strategic alliance with Salentica Inc. – a leading provider of innovative and integrated Client Relationship Management (CRM) and Client Reporting technology solutions for wealth managers – to enhance client efficiencies. […]
PPG Industries Inc. ( PPG ) announced that it has started the share exchange program, which is a part of the deal to split off its Commodity Chemicals business. The split off is related to the separation and merger of Eagle Spinco Inc., a wholly-owned subsidiary of PPG, wherein it will own all the assets and liabilities of PPG’s commodity chemicals business. […]
GE Aviation Systems, an operating unit of General Electric Company ( GE ), has recently announced the signing of an agreement with Woodward, Inc. ( WWD ), an independent designer and manufacturer of control solutions for the aerospace and energy markets, to divest its hydraulic thrust reverser actuation systems unit for roughly $200 million in cash. Woodward expects to fund the transaction through available cash and committed financing options. […]
We have maintained a Neutral recommendation on Masco Corporation ( MAS ) following the appraisal of its third quarter 2012 results. Masco’s adjusted earnings of 13 cents per share in the third quarter of 2012 increased 44% year over year and beat the Zacks Consensus Estimate by a penny. Net sales were flat year over year as well as with the Zacks Consensus Estimate at $1.98 billion; hurt significantly by currency headwinds, sluggish big ticket remodeling activity in the U.S., weakness in Europe and challenges in the cabinetry business. […]
We are maintaining our Neutral recommendation on Sanofi ( SNY ). The stock carries a Zacks #3 Rank (Hold) in the short run. Sanofi reported third quarter 2012 business earnings of $1.05 per ADS, above the Zacks Consensus Estimate of 99 cents […]
Say goodbye to 2012 — an occasionally volatile but modestly successful 12 months overall, even if Congress' apparent impotence in the face of the coming Fiscal Cliff has hacked away at that perception over the past couple weeks. The housing market has predictably gained traction, businesses are still sitting on giant mounds of cash and financial institutions look to be on much firmer ground. […]
CN completes intra-corporate merger of Elgin, Joliet and Eastern into Wisconsin Central subsidiary PR Newswire CHICAGO, Dec. 31, 2012 Merger, effective Jan. 1, 2013 , expected to generate operational efficiencies, improved service CHICAGO , Dec […]
FLIR Systems, Inc . ( FLIR ) recently announced the acquisition of Traficon International NV, one of the leading players in video detection technologies for traffic applications, for about $46 million in cash. Based in Wevelgem, Belgium, Traficon is a leader in video image processing software and hardware for traffic analysis worldwide. […]
[marketwatch E6691CE6-BA20-48A9-A11B-2EA54D8556C6] Big Banks in the New Year […]
Parametric Portfolio Associates LLC, a Subsidiary of Eaton Vance Corp., Completes Acquisition of The Clifton Group Investment Management Company PR Newswire SEATTLE, Dec. 31, 2012 SEATTLE , Dec. 31, 2012 /PRNewswire/ — Parametric Portfolio Associates LLC (Parametric), a subsidiary of Eaton Vance Corp. […]
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