Month: May 2013

Upgrades

CHINA SOUTH-ADR (ZNH) Upgraded by Zacks to NEUTRAL

May 28, 2013 0

Zacks Investment Research upgraded shares of CHINA SOUTH-ADR (ZNH) from UNDERPERFORM to NEUTRAL on May 28, 2013, with a target price of $24.80. China Southern Airlines is one of the leading air transportation enterprises in China, especially in passenger volume and the total amount of tax and profit for the past three years. 27% market share in 1996 made it the biggest airlines in China […]

Upgrades

EMC Corporation (EMC) Upgraded by Zacks to NEUTRAL

May 28, 2013 0

Zacks Investment Research upgraded shares of EMC Corporation (EMC) from UNDERPERFORM to NEUTRAL on May 28, 2013, with a target price of $25.00. EMC reported better-than-expected first-quarter results on the back of higher revenues. However, operating margin contracted due to lower gross margin base. […]

Mergers & Acquisitions

TELUS Acquisition Plan approved by Ontario Superior Court

May 28, 2013 0

TELUS Acquisition Plan approved by Ontario Superior Court Canada NewsWire TORONTO, May 28, 2013 TORONTO , May 28, 2013 /CNW/ – Data & Audio-Visual Enterprises Holdings Inc. and its affiliates (collectively, Mobilicity ) announced today that the Acquisition Plan under the terms of the Interim Order of the Ontario Superior Court of Justice (Commercial List) dated Friday, April 26, 2013 (the TELUS Acquisition Plan) has been approved by the Court. The TELUS Acquisition Plan was approved by debtholders on Thursday, May 23, 2013 and remains subject to the satisfaction of certain regulatory approvals. […]

Stock Analysts

Cousins Set to Boost Austin Presence

May 28, 2013 0

Recently, Cousins Properties Incorporated ( CUZ ) began construction at a new Class-A office building – Colorado Tower – in Austin, Texas. The property is believed to be the next high-rise tower in Austin, after Cousins’ Frost Bank Tower which was developed in 2003. The move is part of the company’s efforts to strengthen its footprints in Austin real estate market […]

Stock Analysts

First Potomac Reaps $104.9M

May 28, 2013 0

First Potomac Realty Trust ( FPO ) recently generated net proceeds of approximately $104.9 million from an equity offering of nearly 7.5 million shares. The move comes as part of its efforts to infuse capital and repay debt. In particular, First Potomac closed the offering of 7,475,000 common shares (including 975,000 common shares issued and sold pursuant to the exercise of the underwriters’ option to acquire additional common shares in full) at a price of $14.70 per share. […]

Stock Analysts

Accenture Completes Fjord Buyout

May 28, 2013 0

Management technology outsourcing and consulting service provider, Accenture plc ( ACN ) recently completed the acquisition of U.K.-based design agency, Fjord. The acquisition, which was announced on May 7, 2013, was aimed at bolstering Accenture's design and marketing capabilities. […]

Stock Analysts

Dividend Hike at Post Properties

May 28, 2013 0

Post Properties Inc. ( PPS ) announced a 32% hike in its quarterly cash dividend rate, reflecting decent growth and profitability. The company will now pay a dividend of 33 cents per share, up from 25 cents paid in the prior quarter. […]

Stock Analysts

Capella’s Programs Get Approval

May 28, 2013 0

Capella Education Company ( CPLA ) recently received approval from the Higher Learning Commission (HLC) for its two FlexPath programs – Bachelor of Science in Business and Master of Business Administration (MBA). Capella needs further approval from the U.S. Department of Education before offering the programs to its students […]

Stock Analysts

Iconix Acquires Ecko Brands

May 28, 2013 0

Clothing brand licensing company Iconix Brand Group Inc ( ICON ) has acquired the remaining 49% interest in IP Holdings Unltd LLC ("IPHU") for $45 million in cash. IP Holding, through its subsidiary, manufactures and markets fashion and lifestyle products in the United States and internationally and owns brands such as Ecko Unltd. […]