Month: December 2013

Cooper Tire & Rubber Co. ( CTB ) announced the termination of its merger agreement with Apollo Tyres Ltd. The company will now be focusing on improving its business operation. […]

Zacks Investment Research upgraded Aspen Insurance Holdings Ltd. ( AHL ) to a Zacks Rank #1 (Strong Buy) on Dec 31, 2013. […]

Softlogic Restaurants (Pvt) Ltd, a franchisee of Burger King Worldwide, Inc. ( BKW ), has recently unveiled three restaurants in Sri Lanka. The three restaurants, located in Rajagiriya, Mount Lavinia and Colpetty, mark the entry of the brand in the country. […]

Shares of Arthur J Gallagher & Co . ( AJG ) continue to gain riding on the strength of its impressive inorganic growth story. Shares have gained almost 36% year-to-date. […]

Shares of Honda Motor Co., Ltd. ( HMC ) increased 0.74% to $41.11 on Dec 26, 2013 after the automaker released the Nov 2013 sales results. […]

Shares of Gannett Co., Inc. ( GCI ) surged to attain a new 52-week high of $29.76 on Dec 30, 2013, before closing at $29.72. Shares of this Zacks Rank #3 (Hold) have amassed a year-to-date return of roughly 66.5%. […]

We reaffirmed our long-term recommendation on Westamerica Bancorp. ( WABC ) at Neutral. […]

Liberty Property Trust ( LRY ) has reaped $367.7 million as proceeds by selling 49 properties aggregating around four million square feet of space and 140 acres of land. The move is part of the company’s strategy to reposition its portfolio and support its growth initiatives. […]

In tune with its ongoing acquisition spree, Terreno Realty Corporation ( TRNO ) bought four buildings (about 229,000 square feet) and an adjacent land parcel (0.2 acre) in JFK Airgate in Queens, NY for around $53.1 million. The 98.6% leased property is occupied by 18 well-known international air cargo and logistics firms. JFK Airgate Center comprised 3 industrial warehouses and 1 office property – Airgate I, II, III and IV – along with an underground parking facility […]

On Dec 27, we reiterated our Neutral recommendation on Chicago Bridge & Iron Company N.V. ( CBI ) largely due to its modest third quarter performance. We prefer to remain on the sidelines until we see substantial organic growth and improvement in the overall industry environment. […]

RedHill Biopharma Ltd . ( RDHL ) recently announced that it entered into a definitive agreement with OrbiMed Israel Partners Limited Partnership, an affiliate of OrbiMed Advisors LLC. The agreement relates to the sale of RedHill Biopharma’s American Depository Shares (ADSs) and warrants in a private placement transaction for $6.0 million (1ADS= 10 ordinary shares) […]

On Dec 27, Zacks Investment Research upgraded Laboratory Corporation of America Holdings ( LH ) to a Zacks Rank #3 (Hold). Why the Upgrade? LabCorp’s prelim 2014 earnings projection, declared on Dec 11, disappointed majority of the investors, leading to significant loss in share price in the last two weeks […]

KBR Inc. ( KBR ) announced that it has received an engineering and procurement contract (EP&C) from BP Exploration for the Shah Deniz Stage 2 project. The financial details of the contract were not disclosed, but KBR has booked the contract into its backlog of 2014 […]

Maintaining its 2012 record, Ford Motor Co. ( F ) expects to retain the tag of the best-selling vehicle brand in U.S. in 2013 as well […]

On Dec 28, Zacks Investment Research upgraded medical device major, Edwards Lifesciences Corp. ( EW ) to a Zacks Rank #3 (Hold). While we are still worried about the expected U.S […]

Chinese mobile-makers have asked the regulatory bodies to ensure that Microsoft Corp. ’s ( MSFT ) $7.5 billion bid to take over Nokia Oyj ‘s ( NOK ) handset business does not result in higher patent fees in wireless technology. Microsoft and Nokia announced the planned transaction in September to combat the likes of Apple Inc […]

On Dec 31, Zacks Investment Research upgraded Apollo Education Group, Inc. ( APOL ), a leading private education provider in U.S, to a Zacks Rank #1 (Strong Buy) following the company’s acquisition of Open Colleges Australia Pty Ltd. […]

Phillips 66 ( PSX ) announced that it has entered into an agreement with Berkshire Hathaway Inc. ( BRK.A ) ( BRK.B ) to divest its wholly owned subsidiary Phillips Specialty Products Inc. ("PSPI") […]

Zacks Investment Research upgraded DineEquity Inc ( DIN ) to a Zacks Rank #1 (Strong Buy) on Dec 28. The strong upward movement in estimates following the release of third quarter 2013, driven by upside in IHOP restaurant sales, led to the upgrade. Why the Upgrade […]

With four successive quarters of better-than-expected bottom-line results, it seems Tiffany & Co. ( TIF ) has positioned itself favorably. The company’s fiscal-2013 earnings guidance is also encouraging […]