Month: May 2013

When it comes to the auto bailout, should repayment be the only matter of concern or the loss expected to be borne by the taxpayers? Will it finally replicate the success of bank bailout? The government did not bother about the repayment really, as saving the jobs was much greater an issue than considering the bailout fund as an investment and profiting out of it […]

Norfolk Southern Corp. ( NSC ) unveiled its Thoroughbred Bulk Transfer terminal in Knoxville. The $5.9 million facility is adjoining to Interstate-275 and within two miles of Interstate 40 and Interstate-75 at Tennessee Avenue […]

Dover Corporation ( DOV ) has decided to spin-off certain part of its communication technologies businesses into a standalone, publicly traded company in order to concentrate on its core industrial business, focused around energy, fluids and refrigeration. The communication technologies segment is engaged in the design and manufacture of innovative products and components which serve the following key market – Consumer Electronics, Medical Technology, Aerospace & Defense, and Telecom and Others. […]

A wholly owned subsidiary of American International Group ( AIG ), the International Lease Finance Corporation (ILFC) recently declared that it would issue and sell $550 million of floating rate senior notes with maturity scheduled in 2016. The notes carry an interest rate of 1.95%. The issuance will be in accordance with a registration statement filed with the Securities and Exchange Commission in Jul 23, 2012. […]

Maker of oil drilling equipment, FMC Technologies Inc. ( FTI ) inked a deal with Royal Dutch Shell plc ( RDS.A ), one of the largest integrated energy firms in the world. […]

Domino's Pizza Inc. ( DPZ ) is set to launch its new restaurant in Metairie, New Orleans in association with its franchisee owner, Glenn Mueller, on May 28, 2013. […]

Mining giant Freeport-McMoRan Copper & Gold Inc. ( FCX ) said that its proposed takeover of Plains Exploration & Production Company ( PXP ) has been cleared by the latter’s shareholders at a special meeting. […]

We reiterate our long-term Neutral recommendation on Qualcomm Inc. ( QCOM ). The company posted mixed financial results for the second quarter of fiscal 2013. […]

Finnish handset manufacturer, Nokia Corporation ( NOK ) has filed additional cases against rival, HTC Corp. accusing the latter of violating three of its patents. Notably, Nokia and HTC have been engaged in legal battles for quite some time over patent disputes […]

Diversified technology company Honeywell International Inc. ( HON ) recently announced that indigenous technology of its Turbo Technology division has been used to design and build the turbocharger for Chevrolet Cruze Clean Turbo Diesel, the latest entry in to the market from the stable of automotive major General Motors Company ( GM ). The turbocharger will facilitate the car to reach 46 mpg in highway driving, an industry-best for emission control and fuel efficiency, covering nearly 700 miles with a single tank of fuel […]

St. Jude Medical Inc. ( STJ ) commenced the EnligHTNment trial study at the EuroPCR to analyze the effectiveness of its EnligHTN Multi-Electrode Renal Denervation System in reducing major cardiovascular events such as strokes, heart attacks and deaths in addition to lowering blood pressure. […]

The U.S. Energy Department's weekly inventory release showed that gasoline stockpiles increased unexpectedly, as domestic production and imports jumped. The report further revealed that crude and distillate supplies were down from the week-ago levels. […]

We maintained our long-term Neutral recommendation on Ameren Corporation ( AEE ) on May 17, 2013. The company’s stable first quarter 2013 earnings results are somewhat offset by the present unfavorable macro backdrop, its predominantly coal-based generation assets and pending regulatory cases. The company currently has a Zacks Rank #3 (Hold) […]

On May 22, 2013, Zacks Investment Research upgraded CBOE Holdings Inc. ( CBOE ) to a Zacks Rank #1 (Strong Buy). […]

We reaffirmed our Neutral recommendation on ExxonMobil Corporation ( XOM ), the world’s largest publicly traded oil company, on May 13, 2013. The company’s diversified operations across the world with several new projects expected to come online through 2013 will boost earnings going forward. […]

We maintain our long-term Neutral recommendation on Omnicell Inc . ( OMCL ) following mixed quarterly results for the first quarter of 2013. […]

Nordson Corporation ( NDSN ) reported in-line results for the fiscal second quarter of 2013 (ended April 30). Non-GAAP earnings per share came in at 84 cents, same as the Zacks Consensus Estimate and the year-ago earnings. […]