Independent natural gas operator, Southwestern Energy Co. ( SWN ) reported first-quarter 2013 earnings of 42 cents per share, surpassing the Zacks Consensus Estimate of 39 cents and improving from the year-earlier profit of 30 cents. The growth was backed by higher production, primarily at its Fayetteville shale operations, as well as lower operating expense […]
Northeast Utilities ( NU ) announced first-quarter 2013 pro forma earnings of 73 cents per share, beating the Zacks Consensus Estimate by 8 cents and year-ago level by 30.4%. Improvement in earnings was primarily driven by 72.6%, 13.4%, 59%, 36.2%, 31% and 194.6% year-over-year rises in Electric Transmission , Electric Distribution and Generation , Connecticut Light and Power Company , Public Service Company of New Hampshire , Western Massachusetts Electric Company and Natural Gas Distribution segments’ earnings, respectively. In addition, NSTAR Electric and NU parent and other businesses also contributed significantly […]
MGIC Investment Corporation ( MTG ) reported first quarter 2013 operating loss of 31 cents per share, substantially worse than the Zacks Consensus Estimate of a loss of 20 cents per share. MGIC had reported an operating loss of 10 cents per share in the year-ago quarter. […]
Premier natural gas company, Spectra Energy Corp. ( SE ) reported first-quarter 2013 earnings per share from continuing operations of 51 cents, beating the Zacks Consensus Estimate of 48 cents. […]
Enviro-Serv Inc. Announces Agreement On Air Systems Group Acquisition Valuation PR Newswire TAMPA, Fla., May 3, 2013 TAMPA, Fla. , May 3, 2013 /PRNewswire/ — Enviro-Serv Inc […]
Regeneron Acquires Full Rights to Two Novel Ophthalmology Development Programs PR Newswire TARRYTOWN, N.Y., May 3, 2013 TARRYTOWN, N.Y. , May 3, 2013 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced that it has expanded its ophthalmology portfolio by acquiring full exclusive rights to two families of novel antibodies invented at Regeneron and previously included in Regeneron’s antibody collaboration with Sanofi […]
Santia Consulting Ltd Completes its First Acquisition PR Newswire CARDIFF, Wales, May 3, 2013 CARDIFF, Wales , May 3, 2013 /PRNewswire/ — Santia Consulting Ltd, the UK’s leading independent health, safety and environmental risk management consultancy, today announced that it has completed its acquisition of First Order Red, a provider of asbestos management services. First Order Red, based in Mansfield , is an asbestos management business offering a range of asbestos management solutions from asbestos management plans, through air monitoring and surveys through to testing and the management of asbestos removal. […]
While this company may get back on track in the longer-term, there are too many near-term challenges. In view of the cloudy outlook, investors should avoid this Zacks Rank # 5 (Strong Sell) stock as of now. About the Company Carpenter Technology Corporation is a manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. […]
With strong demand for its products and excellent cost management, Potlatch seems to be in a position to deliver solid earnings growth. Further, with a solid outlook for the industry, this Zacks Rank #1 (Strong Buy) stock looks very attractive as of now. About the Company Structured as a REIT, Potlatch owns approximately 1.42 million acres of forestland in Arkansas, Idaho, and Minnesota. […]
ABB acquires Los Gatos Research, adding innovative gas analytical measurement solutions Enhanced laser capabilities expand measurement products and services in oil and gas, electric power and other industrial sectors PR Newswire CARY, N.C., May 2, 2013 CARY, N.C. , May 2, 2013 /PRNewswire/ — ABB, a global leader in electric power and automation, announced today that it has agreed to acquire Los Gatos Research (LGR) of Mountain View, California , to add a new line of high-performance gas analyzers to ABB’s leading measurement business. The 19-year-old, nearly 40-person LGR provides analyzers and services to a wide range of customers needing real-time measurement of trace gases and isotopes for research and environmental monitoring […]
[youtube kWkTmdL7bHk] Peter Schiff on RT Prime Interest (5/1/13) Listen to the Peter Schiff Show Weekdays 10am to noon ET on http://www.SchiffRadio.com Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com Follow me on http://www.twitter.com/PeterSchiff […]
[youtube ZLmD5RjqbCE] Kitco welcomes RBC’s George Gero to discuss the impact the ECB and FOMC meetings have had on the markets alongside any potential impact Friday’s nonfarm payrolls report may have. Gero claims the Fed is in favor of maintaining low interest rates to boost the economy and predicts rates to remain that way for at least the next year. The Fed has a 2% expected target inflation rate although it is currently sitting at 1%. […]
Regions Financial Corporation ( RF ) announced that it will redeem its issued and outstanding 6.625% Trust Preferred Securities (TruPS) worth $498 million. These TruPS were issued by Regions Financing Trust II. The redemption is scheduled on May 31, 2013 […]
Universal Protection Service Acquires Protection Plus Security Corporation PR Newswire SANTA ANA, Calif., May 2, 2013 SANTA ANA, Calif. , May 2, 2013 /PRNewswire/ — Universal Protection Service, a division of Universal Services of America and one of the largest providers of security services in the U.S., is excited to announce that they have acquired Protection Plus Security Corporation (PPSC). […]
The current economic scenario does not look promising for publishing companies, which are bearing the brunt of waning print advertising demand, and The New York Times Company ( NYT ) is no exception. However, the company witnessed sturdy circulation growth during the six-month period ending Mar 31, 2013, riding on digital subscription initiatives. According to the data released by Alliance for Audited Media ("AAM"), total average circulation, including print and digital, registered an increase of 18% to 1,865,318 for Monday to Friday publications and 16% to 2,322,429 for Sunday editions during the period. […]
Bloomberg reported that Charles Schwab Corporation ( SCHW ) has a filed a lawsuit against global banks including Bank of America Corporation ( BAC ) over charges of rigging the benchmark interest rate – London Interbank Offered Rate or LIBOR. The company sued the banks for fraud in the state court in San Francisco. Schwab alleged that the banks obscured their conduct related to LIBOR calculation even when questions were raised about the rate-rigging in 2007 […]
The Caisse de d pôt et placement du Qu bec acquires common shares of Storm Resources Ltd Canada NewsWire MONTREAL, May 2, 2013 MONTREAL , May 2, 2013 /CNW Telbec/ – The Caisse de d pôt et placement du Qu bec (the ” Caisse “) announced that it acquired, following a bought-deal public offering of Storm Resources Ltd. (TSX VENTURE: SRX) (” Storm “) through a syndicate of underwriters led by FirstEnergy Capital Corp. and including National Bank Financial Inc., Peters & Co […]
Spectra Energy Corp to Drop Down 50 Percent of the Express-Platte Pipeline System to Spectra Energy Partners – First step in Spectra Energy’s $2B+ fee-based assets drop-down strategy – Expands Spectra Energy Partners’ growth platform to include the rapidly growing North American crude oil transportation and storage market – Diversifies Spectra Energy Partners’ profile of steady, fee-based cash flows with crude oil transportation revenues – Extends Spectra Energy Partners’ reach into the western U.S. & Canada and Midwest PR Newswire HOUSTON, May 2, 2013 HOUSTON , May 2, 2013 /PRNewswire/ — Spectra Energy Corp (NYSE: SE) today announced an agreement to drop down 50 percent of the Express-Platte Pipeline System (Express-Platte System) to Spectra Energy Partners (NYSE: SEP) for approximately $555 million in cash, approximately $139 million in newly issued partnership units, and approximately $129 million of acquired Express-Platte System debt. “Spectra Energy’s drop-down of 50 percent of the Express-Platte System is in line with our expectation of dropping down more than $2 billion of fee-based assets over the next couple of years to create value for both SE and SEP investors,” said Greg Ebel , president and chief executive officer, Spectra Energy Corp […]
In order to enhance shareholder value, Hancock Holding Company ( HBHC ) has announced a new capital deployment plan. Apart from declaring a regular quarterly cash dividend, the company authorized a new share repurchase program. Hancock’s board of directors authorized a buyback of up to 5% of common shares outstanding. […]
Alcoa Inc. ( AA ) has announced the possibility of a cutback in aluminum production. The company said that it will review 460,000 metric tons of smelting capacity over the next 15 months for potential curtailment […]
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