Month: May 2013

As a part of its global refranchising initiative, Burger King Worldwide ( BKW ) recently divested its wholly-owned subsidiary, Burger King GmbH and its 91 restaurants in Germany to Burger King franchisee Yi-Ko Holding GmbH – an entity owned by Ergün Yildiz and Alexander Kolobov. The financial terms of the deal were not disclosed. Following the transaction, Yi-Ko Holding GmbH is now the biggest Burger King franchisee in Germany […]

Integrated energy player EQT Corporation ( EQT ) has inked a definitive agreement worth $113 million with Chesapeake Energy Corporation ( CHK ) and its partners for Marcellus acreage and ten wells in Pennsylvania. The transaction is likely to close on May 30, 2013. The acquisition comprises of about 67,000 net acres in Marcellus and 32,000 net acres in dry Utica play. […]

Last week, Capital One Financial Corporation ( COF ) announced a whopping 500% hike in its quarterly cash dividend. It came subsequent to the Federal Reserve’s approval of the company’s capital plan in March. […]

Shares of Symantec Corp. ( SYMC ) reached a new 52-week high of $24.93 on Friday, May 3, 2013, above its previous high of $24.91. The closing price of the memory-chip maker on May 3 was $24.84, representing a decent one-year return of about 67.4% and year-to-date return of approximately 44.5%. […]

Shares of the coffee chain Green Mountain Coffee Roasters Inc. ( GMCR ) reached 52-week high of $59.62 on Friday, May 3, following the company’s expansion in the food service industry and anticipation of robust fiscal 2013-second-quarter earnings. The closing price of the specialty coffee retailer was $59.62 on May 3, representing a solid 1-year return of about 139.0% and year-to-date return of about 33.6% […]

One of the leading Canadian telecom companies, TELUS Corporation ( TU ) recently unveiled the Research In Motion Limited ( BBRY ) BlackBerry Q10 smartphone. The new smartphone is available at $199 along with a three-year contract for a minimum $50 per month service plan. […]

Drug retailer Walgreen Co. ( WAG ) recently disclosed exhaustive results for the month of Apr 2013. […]

We are retaining our Neutral recommendation on Nucor Corporation ( NUE ) following its mixed first-quarter 2013 results. We remain on the sidelines considering the lingering impact of the Eurozone crisis and weakness in the company’s sheet steel business. […]