Month: May 2013

Norwegian major Statoil ASA ( STO ) along with its partners has formally handed over its plan for the development and operation (PDO) of the Delta 2 field off Norway to the authorities. This would be the eleventh fast-track development for Statoil and is estimated to cost around NOK 7.4 billion ($1.3 billion). The fast-track projects are an effort by the state-run operator to expedite the development of time-critical resources utilizing existing field infrastructure. […]

Texas-based offshore drilling contractor Atwood Oceanics Inc. ( ATW ) recently announced that its subsidiary has won a drilling services contract for the semisubmersible rig Atwood Eagle. The rig has been contracted at a dayrate of $460,000 for a period of 24 months […]

Encore Capital Group Inc. ( ECPG ) entered into an agreement to acquire 50.1% stake in Cabot Credit Management (:CCM) to expand its global footprint in the debt purchase and recovery market. Ireland based CCM is responsible for managing consumer debt and is held by J.C. […]

Diagnostic testing technologies company, Luminex Corporation ( LMNX ) has renewed its agreement with Germany—based leading life science and protein research company, Merck KGaA. Under the long term global supply and distribution agreement, EMD Millipore, the Life Science division under Merck KGaA, will continue distributing Luminex's full range of xMAP systems, inclusive of MAGPIX, Luminex 100/200 and FLEXMAP 3D. EMD Millipore develops protein biomarkers that have multiple applications in research areas such as cancer, cell signaling, cellular metabolism and immunology […]

We have retained our Neutral recommendation on leading fertilizer company CF Industries ( CF ) following its mixed first-quarter 2013 results. While the company is expected to benefit from higher grain prices, we remain on the sidelines considering volatility in raw material costs and high debt level. Why Maintained […]

On May 30, 2013, shares of Aon plc ( AON ) reached a 52-week high of $67.26. The company posted positive earnings surprise in three out of last four quarters with an average beat of 2.33%. On Apr 26, 2013, Aon reported its first-quarter 2013 adjusted operating earnings of $1.11 in line with the Zacks Consensus Estimate and was ahead of the year-ago earnings by 13%. […]

Tesla Motors Inc. ( TSLA ) is full of surprises! The electric carmaker announced that it will add more supercharging stations across the U.S., which are 10 times faster than the ordinary public charging stations, so that its Model S owners can travel across the country without worrying about the batter driving range. The company plans to increase the number of charging stations threefold from 9 to 27 by the end of next month, which could further rise to 100 by the end of next year […]

Medical device major Medtronic Inc. ( MDT ) recently expanded its unrivalled portfolio of endovascular aortic repair in the domestic market. The company won the regulatory approval from the U.S. […]