On May 1, we maintained our Neutral recommendation on Penske Automotive Group Inc. ( PAG ) based on its wide range of imported and luxury brands, which helps it to maintain a strong foothold in the U.S. and overseas markets […]
We are retaining our Neutral rating on industrial gas giant Air Products ( APD ) following our assessment of its second-quarter fiscal 2013 (ended Mar 31, 2013) results. We continue to tread with caution considering high energy costs, volume pressure in the Merchant Gases division and weakness in the electronics business. Why Maintained […]
Atlantic Power Corporation Announces the Completed Sale of its Interests in the Path 15 Transmission Line and the Syndication of its Tax Equity Investment in Canadian Hills PR Newswire BOSTON, May 2, 2013 BOSTON , May 2, 2013 /PRNewswire/ — Atlantic Power Corporation (NYSE: AT) (TSX: ATP) (“Atlantic Power” or the “Company”) today announced the closing on April 30, 2013 of its previously announced sale of the Company’s interests in the Path 15 transmission line (the “Sale”), including Atlantic Path 15 Transmission, LLC, Atlantic Holdings Path 15, LLC and Atlantic Path 15, LLC (collectively, “Path 15”). Atlantic Power received net cash proceeds from the Sale, including working capital adjustments, of approximately $56 million . […]
Abengoa closes the sale of its Brazilian subsidiary, Bargoa, to Corning Incorporated – The sale is part of the company’s strategy to focus on core businesses PR Newswire SEVILLE, Spain, May 2, 2013 SEVILLE, Spain , May 2, 2013 /PRNewswire/ — Abengoa (MCE: ABG.B), the company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has finalized the sale of its Brazilian subsidiary, Bargoa, which manufactures telecommunications components, to the U.S. company Corning Incorporated. The transaction reflects Abengoa’s strategy to focus on its core activities, which include the engineering, development and operation of solar-thermal plants, water desalination plants, energy transmission lines and biofuels production plants. […]
We are reaffirming our Neutral recommendation on Dow Chemical ( DOW ) following its mixed first-quarter 2013 results. Its adjusted earnings for the quarter outperformed the Zacks Consensus Estimate while revenues miss. Why Neutral? […]
Amerisafe Inc. ’s ( AMSF ) first-quarter 2013 operating earnings per share of 47 cents came at par with the Zacks Consensus Estimate but exceeded the prior-year quarter’s earnings by 2 cents. […]
[marketwatch 14F4ACF4-37B8-487E-A84B-75009FE13447] How We Really Read Job Ads […]
Zimmer Acquires Knee Creations, LLC’s Business Zimmer Expands Portfolio of Technologies Addressing the Continuum of Care for Knee Patients with Addition of Unique Subchondral Joint Preservation Treatment PR Newswire WARSAW, Ind., May 2, 2013 WARSAW, Ind. , May 2, 2013 /PRNewswire/ — Zimmer Holdings, Inc. […]
CenterPoint Energy Inc. ( CNP ), a domestic energy delivery company, reported first quarter 2013 results with adjusted earnings of 34 cents per share missing the Zacks Consensus Estimate of 37 cents. However, earnings were flat year over year. […]
Airgas Inc . ( ARG ) posted adjusted earnings of $1.14 a share in fourth-quarter 2013 (ended Mar 31, 2013), up 3% from $1.11 earned in the year-ago quarter and a penny ahead of the Zacks Consensus Estimate. […]
Recently, GlaxoSmithKline ( GSK ) announced that the US Food and Drug Administration (FDA) has extended the review period for Glaxo’s oncology candidate, trametinib, by three months. A final decision from the FDA on the marketing application of trametinib is now expected by Sep 3, 2013. The FDA extended the review period in order to review additional manufacturing data submitted by Glaxo recently. […]
Wells Fargo & Company ( WFC ) agreed to shell out a sum of $105 million to settle a lawsuit filed against it by Medical Capital Holdings Inc. The lawsuit alleged that Wells Fargo, acting as a trustee for debt issued by Medical Capital Holdings, failed to protect the investors against fraud. The settlement agreement was filed in the U.S. […]
Texas Instruments ( TXN ) or "TI," the largest manufacturer of analog semiconductor products, has recently announced the pricing of senior unsecured notes aggregating $1 billion. These bonds have been issued in two tranches of same amounts but with varying coupon rates and maturities. The offering is expected to close on May 8, 2013, subject to customary closing conditions […]
[marketwatch BF58887E-6822-46B5-BC6F-F1843F7AC10A] Why the Job Market Will Pick Up in the Second Half […]
[marketwatch C687F74F-7BF7-4419-952B-A7E123AD44A6] Berkshire Money Managers’ Payday Dwarfs Buffett’s […]
Hain Celestial Announces Strategic Acquisition Acquisition of Ella’s Kitchen Group Limited Forms Global Infant, Toddler & Kids Division under Hain Celestial US Expands Branded Organic Baby Food and Kids Product Offerings PR Newswire LAKE SUCCESS, N.Y., May 2, 2013 LAKE SUCCESS, N.Y. , May 2, 2013 /PRNewswire/ — The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading natural and organic products company providing consumers with A Healthier Way of Life™, today announced the acquisition of Ella’s Kitchen Group Limited and the formation of the Global Infant, Toddler & Kids Division under Hain Celestial US […]
Ally Financial Completes Sale of Mexican Insurance Business PR Newswire DETROIT, May 2, 2013 DETROIT , May 2, 2013 /PRNewswire/ — Ally Financial Inc. (Ally) today announced that it has completed the sale of its Mexican insurance business, ABA Seguros, to the ACE Group. Ally received approximately $865 million in proceeds, which was comprised of a $690 million cash payment at closing and a $175 million dividend that was paid in the fourth quarter of 2012. […]
PG&E Corporation ’s ( PCG ) adjusted operating earnings per share of 63 cents in the first quarter of 2013 fell short of the Zacks Consensus Estimate of 70 cents. The reported figure also came in below the year-ago number of 89 cents by 29.2%. Lower regulated return on equity and debt as compared to last year was the main factor behind the shortfall […]
CME Group Inc. ( CME ) reported first-quarter 2013 operating earnings per share of 73 cents. The result was in line with the Zacks Consensus Estimate of 73 cents but lagged the year-ago quarter’s earnings of 80 cents. […]
Marsh & McLennan Cos. Inc. ( MMC ) reported its first-quarter 2013 operating earnings of 73 cents per share, comfortably surpassing the Zacks Consensus Estimate of 70 cents and the year-ago quarter earnings of 63 cents per share. […]
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