Month: December 2012

Toshiba Corporation ( TOSYY ) is reportedly planning to sell up to 36% stake in Nuclear power unit Westinghouse. Chicago Bridge & Iron ( CBI ) has emerged as the prospective buyer. […]

Beleaguered handset manufacturer Research In Motion Limited ( RIMM ) has offloaded its cloud content service unit NewBay to Synchronoss Technologies Inc. ( SNCR ) for a cash consideration of $55.5 million. This divesture is viewed as a part of Research in Motion’s restructuring effort, which includes selling its non-core business. […]

Sempra U.S. Gas & Power, a subsidiary of Sempra Energy ( SRE ) and BP Wind Energy, a unit of BP plc ( BP ), announced that their Auwahi Wind facility on Maui has come online and has started to provide commercial operation. The project includes eight new Siemens AG ( SI ) wind turbines […]

We have reiterated our Neutral recommendation on NASDAQ OMX Group Inc. ( NDAQ ) based on its efforts to expand in the international markets and build a low-cost trading platform. […]

We reiterate our Neutral recommendation on Exelon Corporation ( EXC ) considering the impacts of Hurricane Sandy, commodity price risks, stringent regulations and depressed margins in its Generation business. However, these negatives are expected to be offset by the company’s strong cash and liquidity position, capital realignment strategy and steady focus on expansion of the renewable assets. As a consequence of the recently occurred Hurricane Sandy, Exelon spent substantial amount to repair its existing facilities and construct new utility delivery systems in Pennsylvania and Maryland […]

Apple Inc ( AAPL ) recently lost a copyright infringement lawsuit filed by a group of eight Chinese writers and two publishers, according to news agency Reuters and Associated Press (“AP”). The Beijing No. […]

We have upgraded our long-term recommendation on Big 5 Sporting Goods Corporation ( BGFV ) to Outperform, based on the company’s back-to-back quarters of positive earnings surprises along with an encouraging guidance for the fourth quarter of fiscal 2012. Positive Earnings Surprise & Upbeat Guidance Big 5 Sporting has surpassed the Zacks Consensus Estimate in 3 of the trailing 4 quarters, with an average earnings surprise of 7.6%. The company has consecutively beaten the Zacks Consensus Estimate in the fiscal third and second quarter, posting earnings surprise of 21.9% and 50.0%, respectively. […]

DIRECTV ( DTV ) has announced an 8% rate hike from February 7 onwards owing to the mounting programming costs and the recent renewal of contract with Viacom, Inc. ( VIAB ). The disagreement between DIRECTV and TV network major – Viacom regarding programming fees has led to channel blackouts for the DIRECTV customers. […]

Following the fulfillment of conditions and receipt of majority votes, China Unicom (Hong Kong) Limited ( CHU ) confirmed the acquisition of 100% stake in Unicom New Horizon Telecommunications Company Limited from the parent company China United Network Communications Group Company Limited, aka, Unicom Group. The acquisition was announced in late November. The acquired assets include fixed-line telecommunications network across 21 southern China states and cities […]

As 2012 nears its end, a quick look at the top 25 industry sectors as ranked by Investor’s Business Daily (IBD) leads to a startling realization. Not a single technology group features among these 25 despite the fact that the Internet network solutions group and a few others have put in good performances at different points of the year. […]

Chevron Canada Limited – a subsidiary of U.S. energy behemoth Chevron Corporation ( CVX ) – has agreed to buy 50% operating interest in the Kitimat liquefied natural gas (LNG) project and the planned Pacific Trail Pipeline (PTP) for exporting energy to the rapidly growing Asia-Pacific region. Moreover Chevron is also set to acquire 50% ownership in an exploration area, spanning roughly 644,000 acres, in the Horn River and Liard shale-gas fields in British Columbia. […]

General Motors Company ( GM ) announced that it will be shifting the production facility of Chevrolet Camaro sports car to the Lansing Grand River Assembly plant, Michigan from the original plant in Oshawa, Ontario in Canada. The decisions were taken by the company to lower capital investment and improve production efficiencies. Camaro is the only rear-wheel drive vehicle assembled at Oshawa and accounts for about 25% to 30% of the total production […]

U.S. energy behemoth Chevron Corporation ( CVX ) announced the discovery of two new offshore natural gas sites – Pinhoe-1 and Arnhem-1 – in Western Australia’s Carnarvon Basin. The discoveries, the eighteenth and nineteenth by Chevron off the Australian coast since mid-2009, builds on the integrated oil and gas giant’s leading position in this hydrocarbon-rich area. […]