Month: August 2013

United Airlines – the wholly owned subsidiary of United Continental Holdings Inc. ( UAL ) –announced that it is waiting for the Department of Transportation’s (DOT) nod to start non-stop flights from San Francisco to Chengdu in China. United expects to launch the new service on Jun 9, 2014. […]

American International Group Inc. ( AIG ) is reconsidering to bid for the initial public offering (IPO) of its aircraft leasing unit – International Lease Finance Corporation (ILFC) – since its buyers failed to culminate the deal for a third time. […]

We have maintained our Underperform recommendation on metal building components maker NCI Building Systems Inc. ( NCS ). Our view reflects volatile steel prices, the company’s dependence on a few steel suppliers and the impact of sequestration. […]

3M Company’s ( MMM ) 3M Fire Protection Products division recently announced the launch of 3M FIP 1-Step Firestop Foam, a UL-tested technology for fire protection. It complies with the International Building Code. […]

On Aug 29, 2013 we maintained our Neutral recommendation on China Unicom Hong Kong Limited ( CHU ). We expect China Unicom to continue with its robust subscriber addition in the near term on the expansion of 3G network and strong sales of iPhone. However, stiff competition and access line erosion are likely to weigh on the stock […]

The Houston-based global exploration and production company ConocoPhillips ( COP ) emerged as the highest bidder in the latest Gulf of Mexico (GoM) lease sale, which drew the second-lowest amount in bids in last three decades. ConocoPhillips, the operator of a single oil and gas platform in the GoM shelled out $30.58 million for the rights to explore and drill in a tract around 200 miles south of Galveston, Texas. Per the U.S […]

Clean Energy Fuels Corp. ( CLNE ), a leading purveyor of natural gas fuel, reported that IMW Industries Ltd., its fully owned affiliate, has entered into an agreement with China Gas Holdings Ltd. Per the three-year contract, IMW Industries will purvey its CleanGAS Technology products and services, which includes roughly 416 CleanCNG Compressors, 186 dryers, 527 dispensers, and 387,500 liters of buffer storage to China Gas. […]

AECOM Technology Corporation ( ACM ) has received a contract from U.S. Agency for International Development (USAID) for the South Sudan Viable Support to Transition and Stability (VISTAS) program. The five-year contract is valued at $110 million […]

Roche ( RHHBY ) recently announced encouraging data on lampalizumab from a multi-centre randomized phase II study, MAHALO. The data from the study showed that patients suffering from advanced form of dry age-related macular degeneration (AMD) when treated with lampalizumab showed a 20.4% reduction in the area of geographic atrophy (GA) at the end of 18 months. […]

Actelion ( ALIOF ) recently announced that data on pipeline candidate Opsumit from a pivotal phase III study, SERAPHIN (Study with an Endothelin Receptor Antagonist in Pulmonary arterial Hypertension to Improve cliNical outcome), was published in the New England Journal of Medicine. We note that Actelion is evaluating Opsumit for the treatment of patients suffering from pulmonary arterial hypertension (PAH). The results from the trial (n=742) showed that the risk of a morbidity/mortality event was cut by 45% in patients who were administered Opsumit as compared to those on placebo […]

Recently, leading health-care company, Humana Inc. ( HUM ) joined hands with the global pharmaceutical company, Eli Lilly and Company ( LLY ) to form a research collaboration that will provide cost effective and improved healthcare outcomes. Kentucky based Humana provides a wide range of insurance products, and health and wellness services […]

It seems there is no end to Shutterfly Inc. ’s ( SFLY ) acquisition spree. This Calif.-based personalized photo services company recently purchased a privately-held company, R&R Images for an undisclosed amount […]

NiSource Inc. ’s ( NI ) business division, NiSource Midstream Services, announced the completion of the natural gas compressor upgrade project at its Majorsville compressor facility in Dallas, W. VA […]

AT&T, Inc. ( T ) is expanding its no-contract service plan – Aio Wireless – across the U.S., beginning mid September. […]

Nokia Corporation ’s ( NOK ) wholly-owned subsidiary Nokia Solutions and Networks (“NSN”) was picked by Mobile TeleSystems (MTS), a leading telecom operator in Russia, to upgrade its network in Ukraine and Turkmenistan. The financial terms of the deal were not disclosed. MTS will be rolling out extra 3G base stations in Turkmenistan – where NSN will lend core network support that will include Mobile Softswitching (MSS) systems and Multimedia Gateway (MGW) to manage MTS voice and multimedia services. […]

Sprint Corp. ( S ) has announced to close down its acquired portion of United States Cellular Corp. ( USM ) network on Oct 31, 2013. […]

Aluminum giant Alcoa Inc. ( AA ) broke ground on a $275 million expansion of its Tennessee operations. […]

Soon after announcing ambitions to take production capacity in the Americas past 2 million units in 2014, automaker Nissan Motor Co. Ltd. ( NSANY ) is vying for the top spot in Light Commercial Vehicles (LCV) market by 2016 […]