Month: February 2014

Toyota Motor Corp. ’s ( TM ) Australian subsidiary – Toyota Motor Corporation Australia Ltd. […]

Kinross Gold Corporation ( KGC ) announced that the company’s President and Chief Operating Officer (COO), Brant Hinze, will retire effective Oct 1, 2014. Brant has been instrumental in establishing a mining culture, which ushered in excellence in the company’s operations. […]

Franklin Resources Inc. ( BEN ) declared preliminary assets under management (AUM) of $857.2 billion by its subsidiaries for Jan 2014. The company’s results exhibited a 2.5% fall from $879.1 billion as of Dec 31, 2013. […]

Repros Therapeutics Inc . ( RPRX ) recently released additional results from its phase III study, ZA-300, on candidate Androxal. […]

On Feb 10, 2014, we upgraded our recommendation on Pitney Bowes Inc. ( PBI ) to Outperform from Neutral based on its favorable prospects and outlook for the upcoming years. […]

Krispy Kreme Doughnuts, Inc. ( KKD ) and Green Mountain Coffee Roasters Inc. ( GMCR ) has entered into an agreement to widen the homemade single-serve coffee options for Keurig users.Under the multi-year agreement, Krispy Kreme’s upcoming coffees — Smooth and Decaf — will be available in K-Cup packs for Keurig brewers […]

On Feb 7, we downgraded our recommendation from Neutral to Underperform on Airgas, Inc. ( ARG ) as its estimates have undergone negative revisions following the third-quarter earnings results and trimmed fiscal 2014 guidance. Helium supply constraints, larger-than-expected R-22 impacts and uncertainty in the construction sector also remain headwinds for this supplier of industrial, medical and specialty gases, and hardgoods […]

TripAdvisor Books Positive Earnings Results TripAdvisor Inc ( TRIP ) announced earnings after the bell today, posting an EPS of $0.15, slightly beating the Zacks Consensus Estimate of $0.14, and Revenues of $212.7 million, surpassing the Zacks Revenue Estimate of $204.96 million. This is the fifth consecutive quarter with a positive earnings surprise by this company. […]

Gold producer AngloGold Ashanti ( AU ) has entered into a binding agreement to sell its entire interest in AngloGold Ashanti Namibia (Proprietary) Limited (AGAN) to a fully-owned subsidiary of QKR Corporation Limited (QKR) for an upfront consideration based on an enterprise value of $110 million. AGAN, which is a wholly-owned subsidiary of AngloGold, owns the Navachab Gold Mine. The upfront payment is subject to adjustment of AGAN's net debt and working capital position on the closing date of the transaction […]

Arch Coal Inc. ( ACI ) continues with its systematic asset divestment strategy. […]

The Medicines Company ’s ( MDCO ) stock price decreased more that 5% following the release of briefing documents by the U.S. Food and Drug Administration (FDA) ahead of the review by its Cardiovascular and Renal Drugs Advisory Committee (CRDAC). […]

Moody's, a leading credit rating agency, has upgraded four subordinate asset-backed securities (ABS) from GE Equipment Transportation LLC, the debt issuing entity of General Electric Company ’s ( GE ) General Electric Capital Corporation (GECC). In addition to upgrading Series 2012-2 and Series 2013-1, Moody's also affirmed the senior securities of these transactions. The upgrade will affect approximately $954 million worth of ABS. […]

Real estate investment trust (REIT) General Growth Properties, Inc ( GGP ) declared the buyback of over 27.6 million common shares from the hedge fund sponsor firm Pershing Square Capital Management, L.P., thus marking the latter’s exit. The repurchase price has been settled at around $556 million or $20.12 per share. […]

Aegerion Pharmaceuticals, Inc. ’s ( AEGR ) Juxtapid was approved in Canada as an adjunct to a low-fat diet and other lipid-lowering drugs, with or without low-density lipoprotein (LDL) apheresis, for the reduction of LDL cholesterol (LDL-C) in adults suffering from homozygous familial hypercholesterolemia (HoFH). Aegerion gained over 5.5% on the news. […]

Dycom Industries, Inc . ( DY ) recently announced that it expects second-quarter 2014 revenues and earnings to be lower compared to its guidance mentioned earlier, based on a preliminary review of its second-quarter 2014 results. The company warned of lower sales and profit in the wake of a harsher winter in the latter half of the second quarter of 2014 […]