Mergers & Acquisitions

Harwood Feffer LLP Announces Investigation of NV Energy, Inc.

Harwood Feffer LLP Announces Investigation of NV Energy, Inc. PR Newswire NEW YORK, May 31, 2013 NEW YORK , May 31, 2013 /PRNewswire/ — Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of NV Energy, Inc. (“NVE” or the “Company”) (NYSE: NVE) concerning the proposed acquisition of the Company by MidAmerican Energy Holdings Company (“MidAmerican”) […]

Mergers & Acquisitions

Anheuser-Busch InBev Announces Expiration of Tender Offer for All Outstanding Grupo Modelo Shares

Anheuser-Busch InBev Announces Expiration of Tender Offer for All Outstanding Grupo Modelo Shares PR Newswire BRUSSELS, May 31, 2013 BRUSSELS , May 31, 2013 /PRNewswire/ — Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD) (“AB InBev”) announced today the expiration of the tender offer by its wholly owned subsidiary, Anheuser-Busch Mexico Holdings S.R.L. de C.V., to acquire all outstanding shares of Grupo Modelo , S.A.B. de C.V. […]

Stock Analysts

Boeing Gets 737 Orders Worth $6.9B

The Boeing Company ( BA ) received an order from an affiliate of Britain’s Thomson Airways, TUI Travel, for the delivery of 60 737 MAX jets with the option of supplying a further 90 of the fuel-efficient planes. The 737 MAX, a narrow body plane, is the newest offering from Boeing designed to compete with its close rival Airbus’ A320 neo. The order is expected to fetch Boeing roughly $6.09 billion […]

Stock Analysts

Idenix Pharma Initiates Phase II Study

Idenix Pharmaceuticals, Inc. ( IDIX ) recently announced that it has initiated a phase II study (HELIX-1: n = 90) evaluating the combination of hepatitis C virus (HCV) infection candidates, samatasvir (IDX719) and simeprevir (TMC435). The study is being conducted in collaboration with Janssen Pharmaceuticals, Inc., a pharmaceutical company of Johnson & Johnson ( JNJ ). […]

Stock Analysts

Discover Expands JCB Alliance

Recently, Discover Financial Services ( DFS ) expanded its business alliance with Japan Credit Bureau (JCB). The expanded relationship will allow the U.S. ATM acquirers to route all JCB transactions over PULSE – Discover Financial’s ATM, debit and electronic funds transfer network. […]

Stock Analysts

Comcast Enhances X1

Comcast Corporation ( CMCSA ), the largest cable MSO (multi service operator) in the U.S., has added a voice control feature for its X1 Remote. The new feature runs on X1’s iPhone application. Comcast announced that the new voice command feature will enable subscribers to search for various contents, change channels and browse VoD (Video on Demand) categories by simply uttering those names into the iPhone microphone. […]

Stock Analysts

GSK/Genmab Report Positive Arzerra Data

GlaxoSmithKline ( GSK ) and partner Genmab recently announced encouraging top-line data from a phase III study (n = 447) which is evaluating oncology drug, Arzerra (ofatumumab). The study compared the efficacy of Arzerra as an adjunct to another oncology drug at Glaxo, Leukeran (chlorambucil) in treatment-naive chronic lymphocytic leukaemia (CLL) patients versus Leukeran alone. The study met its primary endpoint of progression free survival (PFS/the time a patient lived without worsening of their disease). […]

Stock Analysts

Earnings Rise for Royal Bank of Canada

Royal Bank of Canada ( RY ) reported fiscal second-quarter 2013 net income of C$2.0 billion ($2.0 billion), surpassing the year-ago figure of C$1.7 billion ($1.7 billion). This reflects a year-over-year increase of 13%. Results reflect a fall in expenses as well as provisions for credit losses, partly offset by decreasing revenues. […]

Stock Analysts

Legal Woes Persist for BofA

Bank of America Corporation ( BAC ) is on uncertain terrain again following the fresh charges against it filed by U.S. Bancorp ( USB ) related to the sale of mortgage backed securities (MBS) that were allegedly backed by low-quality mortgages. The securities were worth $1.75 billion. […]

Stock Analysts

AMR Unveils Intercontinental Flight

American Airlines Inc., a subsidiary of AMR Corporation ( AAMRQ ), plans to start daily non-stop flights between Miami International Airport and Malpensa Airport in Milan. The newly introduced flights are intended to improve connectivity between the continents of North America and Europe. […]

Stock Analysts

$23M Middle East Order for Harris

Harris Corp. ( HRS ) recently announced that it has won an order worth $23 million from a Middle East-based company, to supply Falcon III tactical radios, accessories, software, service and support in order to modernize its departments. […]

Stock Analysts

COV Begins Nellcor Labeling Process

International healthcare products major, Covidien plc ( COV ) has started labeling its Nellcor pulse oximeters to promote the usefulness of the product line for Critical Congenitial Heart Disease (CCHD) screening in infants. The systems can effectively detect and diagnose acute and potentially fatal breathing difficulties at an early stage, thereby allowing faster treatment and the elimination of respiratory complications. […]

Stock Analysts

ReneSola’s Module for Japan’s Vitec

ReneSola Ltd ( SOL ) has agreed to provide 10 megawatts ("MW") of Virtus II modules to a Japan-based leading electronics company, Vitec Co., Ltd. The deal further reinforces ReneSola’s brand image as a high-efficiency and cost-effective photovoltaic (“PV”) product supplier. The agreement calls for ReneSola to supply solar modules with a capacity ranging from 0.6 MW to 2.4 MW across Japan […]

Peter Schiff

Listener Questions 05/31/2013 Preview

[youtube WrJ9lzr091I] Mike in Ulloa, TX If the current sell off of gold is a good buying opportunity, would it be better to acquire physical metal or stocks that have an interest in them, such as mining companies, funds that are gathered around gold, and precious metal sectors. To watch the full video, please join Schiff Premium here: http://schiffradio.com/membership If you are a Schiff Premium Member, you can submit your webcast questions here: http://schiffradio.com/contactus?loadForm=4#contactForms […]

Stock Analysts

Cemig Concludes Capim Stake Purchase

In a recent announcement, Companhia Energetica de Minas Gerais ( CIG ) , also known as CEMIG, communicated that it has completed the purchase of an additional stake in Brazil’s energy consortium, Capim Branco Energia Consortium. The deal was originally announced in Dec 2012 and moved a step forward after a final deal was struck in Mar 2013 between Cemig Capim Branco Energia S.A, a wholly owned subsidiary of Cemig, and Suzano Papel e Celulose S.A. and subsidiaries, one of the largest paper and pulp companies in Brazil […]