Month: May 2013

A PG&E Corporation ( PCG ) unit, Pacific Gas and Electric Company got the green signal from the city council of Hercules, Calif. to buy the assets of Hercules Municipal Utility (“HMU”). Owned and operated by the City of Hercules, HMU is a municipal electric utility founded early in the past decade. […]

JinkoSolar Holding Co., Ltd. ( JKS ) has completed the supply of 5 megawatt (MW) modules to Sunkon Energy (P) Ltd’s photovoltaic (“PV”) solar project. […]

U.S. health insurer Aetna Inc. […]

The battle for controlling the remaining 49% stake of the 4G wireless wholesaler, Clearwire Corp. ( CLWR ) is becoming increasingly competitive. The battle for Clearwire started long back in Dec 2012, when Sprint Nextel Corp. […]

In a concerted effort to augment its presence in the healthcare industry, GE Healthcare, the healthcare operating unit of General Electric Company ( GE ), recently inked a definitive agreement to acquire the Transactional Business of Unisyn Medical Technologies, a premier diagnostic imaging products and services provider, for an undisclosed amount. Post-acquisition, the Diagnostic Imaging Field Services business of Unisyn Medical will operate as a separate entity under a new name. […]

In order to counter regulatory upheavals, leading student lender SLM Corporation ( SLM ), popularly known as Sallie Mae, announced its board of directors’ decision to split the company’s present business into 2 parts. The separated units will operate as standalone publicly traded companies. One of them will be in education loan management business while the other will function as a consumer banking business […]

In an effort to widen its presence in the energy sector, Berkshire Hathaway Inc. ’s (BRK.A) ( BRK.B ), energy company MidAmerican Energy Holdings has announced to buy NV Energy Inc. for $5.6 billion or $23.75 per share […]

On May 24, 2013, we retained our Neutral recommendation on offshore drilling giant Transocean Ltd. ( RIG ). Our investment thesis is supported by a Zacks Rank #3 (Hold) […]

Savvis Inc. – an affiliate of leading telecom service provider CenturyLink Inc. […]

Cheniere Energy Partners LP ( CQP ) – a subsidiary of energy company Cheniere Energy Inc. ( LNG ) – recently took the final investment decision for Sabine Pass Liquefaction project. Located adjacent to the Sabine Pass Liquefied Natural Gas terminal, the project includes development and building of trains 3 and 4 […]

In a recent interview at All Things D’s D11 Conference, Apple’s ( AAPL ) Chief Executive Officer Tim Cook tried to offer some solace to the company’s increasingly skeptical investor base. In the annual event, Tim Cook highlighted Apple’s innovative approach and said that the company has a few “game-changers” under its sleeve. Although Tim Cook did not divulge any specific information about Apple’s upcoming innovations, he said that the wrist-wearable computing products can be an interesting market. […]

We are reiterating our Neutral recommendation on Sun Life Financial Inc. ( SLF ) following the first quarter earnings release. Sun Life’s Financial Inc. […]

Earlier this month, Research In Motion Limited ( BBRY ) announced that its iconic Messenger service will soon emerge from the confines of its phones. Speaking at the BlackBerry Live developer conference, software vice president Andrew Bocking said the service would now be available on iOS from Apple Inc. ( AAPL ) and Android from Google Inc […]

On May 29, we maintained our Neutral recommendation on Dover Corporation ( DOV ), based on expected benefits from its decision to spin off certain part of its communication technologies its active acquisition pipeline, bookings and orders growth. However, continued headwinds for the Printing and Identification and Energy segments remain a concern for this industrial conglomerate that produces a wide range of specialized industrial products and manufacturing equipment. Why Reiterated […]

On May 28, we downgraded gold mining giant Newmont Mining Corporation ( NEM ) to Underperform following its lackluster first-quarter 2013 results. Our view takes into account the weak gold price environment, higher costs and geopolitical risks. Why the Downgrade […]

Provider of drugs to long-term care facilities and nursing homes, Omnicare Inc. ( OCR ) recently reported that Hospice Pharmacia, an offering of excelleRx Inc., an Omnicare Company, has teamed with Drug Buster. Drug Buster is the provider of the Drug Disposal System […]

Digital Insurance, a wholly owned subsidiary of Fidelity National Financial ( FNF ), acquired the Mountain View based Fallick Insurance Services to widen its presence in the North Californian region. Fallick insurance addresses the execution, maintenance and communication of employee benefit solutions for companies with small and medium sized operations. […]