Month: February 2014

Owing to the saturated U.S. market, major hoteliers are exploring growth opportunities in the fast-growing emerging Latin American markets. Following the trend, leading hotelier, InterContinental Hotels Group plc ( IHG ), is also strengthening its portfolio in the region through expansion […]

Business services provider Lionbridge Technologies Inc. ( LIOX ) recently renewed its partnership with a leading manufacturer of power and engine systems for an additional six years. Per the agreement, Lionbridge will act as the coveted supplier of global technical publications and will handle the program across its solution centers in the U.S., UK, Germany, the Nordics and India […]

Regency Centers Corporation ( REG ) disclosed the opening of two new grocery stores of Whole Foods Market, Inc. ( WFM ) at two properties – Shops on Main and Hinsdale Lake Commons – in the Chicagoland area. In particular, Regency signed a lease deal with Whole Foods Market, which replaced the previous tenant – Dominick’s – at the two community shopping centers […]

Gaining patent protection for drugs is an essential part of the pharma and biotech sector. Companies seek strong patent protection so as to prevent the entry of generic competition for their drugs. Innovator companies often spend 10-15 years to develop a drug and bring it to market. […]

As per a report from Reuters, Bank of America Corp. ( BAC ) has challenged the Federal authorities’ claim of $2.1 billion as penalty. In January, the authorities had sought this amount from BofA for the sale of risky residential mortgage-backed securities (RMBS). […]

WPP Digital, the digital investment wing of WPP plc ( WPPGY ), recently entered into a global partnership with Percolate, a leading content-marketing company, for the creation of effective and engaging digital content for its operating companies and clients. The partnership also includes a strategic investment by WPP Digital in Percolate, which is expected to expand the latter’s operations across the globe. […]

Chemicals and polymers maker LyondellBasell Industries ( LYB ) said that its fully-owned unit LYB International Finance B.V. has priced its public offering of $1 billion aggregate principal amount of 4.875% guaranteed notes due 2044. The notes have been fully and unconditionally guaranteed by the company […]

Leading hotelier Starwood Hotels & Resorts Worldwide, Inc. ( HOT ) is consistently trying to expand its presence outside the U.S. […]

HSBC Holdings plc ’s ( HSBC ) wholly owned subsidiary, HSBC Bank plc, is set to vend its unit in Kazakhstan. The company entered into an agreement with the country’s second largest lender JSC Halyk Bank to sell 100% share capital of its unit holding. Although the net asset value of the holding is $160 million, HSBC will receive $176 million in cash once the transaction is completed. […]

Hewlett-Packard Company ( HPQ ) or H-P has been awarded a cybersecurity task order by the U.S. Department of Homeland Security (DHS). […]

Ushering in good news for its shareholders, industrial real estate investment trust (REIT) Prologis Inc. ( PLD ) announced an 18% increase in its quarterly dividend rate. The company will now pay a dividend of 33 cents per share on its common stock, compared with 28 cents paid in the prior quarter. […]

Financial services based technology provider Broadridge Financial Solutions, Inc. ( BR ) recently announced its acquisition of Emerald Connect, LLC for $60 million in cash to cater to the needs of financial advisors. The acquisition of Emerald Connect, LLC is part of the company’s strategy to build a portfolio of well modified branding, marketing and client communication tools to help them expand their businesses, increase operational efficiency and minimize risks […]

ABB Ltd . ( ABB ) further strengthened its presence in Brazil by opening a fifth plant in Sorocaba near São Paulo to manufacture low-voltage products, motors, generators and drive systems. […]

Eli Lilly and Company ’s ( LLY ) shares were up 0.8% after the company announced encouraging data from the sixth phase III AWARD (Assessment of Weekly AdministRation of LY2189265 in Diabetes) study on its diabetes candidate, dulaglutide. Overall, the stock price has increased 1.1% on the news. […]

eBay Inc. ( EBAY ) recently entered into a partnership with the U.S. Department of Commerce (DOC) for the expansion of trade and investment in the world's largest economy. […]

Conifer Health Solutions, a subsidiary of Tenet Healthcare Corp. ( THC ), has added yet another deal to enhance its revenue cycle management solutions business. Conifer Health Solutions has recently inked a deal with University Health System – the clinical partner of LSU Health Shreveport School of Medicine […]

Shares of American Capital, Ltd. ( ACAS ) rallied higher on Wednesday, after the company announced the amendment of its senior secured term loan credit facility. […]

On Feb 25, Zacks Investment Research upgraded Hamilton, Bermuda-based onshore contract driller Nabors Industries Ltd. ( NBR ) to a Zacks Rank #2 (Buy). […]

SLM Corporation ( SLM ), also known as Sallie Mae, has coined a new name for its loan management and servicing company – Navient. This is the next step toward the company’s completion of the strategic plan to split its business into an education loan management business and a consumer banking business. However, the news failed to have a significant impact on the share price in the trading session on Wednesday. […]