Month: December 2012

Denmark based Novo Nordisk ( NVO ) recently announced that it has received approval in Japan for its diabetes treatment, Ryzodeg (insulin degludec/insulin aspart). Ryzodeg was submitted for regulatory approval to the Japanese Ministry of Health, Labour and Welfare in March 2012. […]

ConAgra Foods Inc. ( CAG ), a leading North American food company, reported impressive fiscal second quarter 2013 (ended November 25, 2012) results. The company saw a significant rise in the earnings due to improvements in the Lamb Weston potato operations coupled with improved pricing. […]

We have reiterated our Neutral recommendation on leading health care products maker, Covidien plc. ( COV ), with a target price of $60. The company’s adjusted earnings per share (from continuing operations) of $1.02 for the fourth quarter of fiscal 2012 were 2 cents above the Zacks Consensus Estimate but 6 cents lower than the year-ago quarter earnings […]

We reaffirm our Neutral recommendation on Ohio utility major FirstEnergy Corporation ( FE ). The company posted mixed outcomes in the third quarter 2012 with the top-line falling short of the Zacks Consensus Estimate while the bottom-line beating it. We believe the company’s multiple ventures in Ohio like the non-binding contract with American Municipal Power for the construction and development of an 873 megawatt natural gas peaking facility and the proposed building of an eco-friendly transmission control center will support its business growth goals […]

Mondelez International, Inc. ( MDLZ ) (formally known as Kraft Foods Inc), and International Business Machines Corporation ( IBM ) recently announced that they will extend their partnership till September 2015. The partnership will help Mondelez International establish three SAP instances in three years […]

We remain Neutral on Fiserv Inc. ( FISV ) primarily due to a volatile macroeconomic environment. […]

We recently maintained our Outperform recommendation on AAR Corp. ( AIR ), one of the leading suppliers of aftermarket products and services to the global aerospace/aviation industry. Headquartered in Delaware, the company conducts its business mainly through 7 subsidiaries […]

Immediately after the announcement of the $8.2 billion acquisition of NYSE Euronext Inc. ( NYX ) by IntercontinentalExchange Inc. ( ICE ) last week, Standard & Poor's Ratings Services (S&P) has cast a concerned outlook on the merger, which is expected to culminate by the first half of 2013, subject to the fulfillment of regulatory compliances in the U.S. […]

Oil drilling equipment maker FMC Technologies, Inc. ( FTI ) has entered into a deal with Norwegian oil and gas firm Statoil ASA ( STO ) for the supply of additional subsea equipment. […]

Kansas City Southern ( KSU ) is one of the foremost freight rail transportation companies. It functions in a seller’s market and has enjoyed pricing power since 1980 when the U.S. government formulated the Staggers Rail Act. […]

Texas-based EOG Resources Inc. ’s ( EOG ) Canadian subsidiary – EOG Resources Canada Inc. – has signed a purchase and sale agreement with the Canadian counterpart of Chevron Corporation ( CVX ). […]

AT&T Inc. ( T ) is expanding its mobile Internet coverage for customers in South Florida. […]