Month: February 2014

Mergers & Acquisitions

Birlasoft Is Now ISO/IEC 27001:2005 Certified Organization

February 11, 2014 0

Birlasoft Is Now ISO/IEC 27001:2005 Certified Organization PR Newswire NEW DELHI, India, February 11, 2014 NEW DELHI, India , February 11, 2014 /PRNewswire/ — Reassurance of Best Practices in Information Security at Birlasoft Birlasoft , the global IT services arm of CK Birla group, has achieved yet another milestone in the journey of operational excellence by joining the International Organization for Standardization (ISO) 27001:2005 certified club of global organizations. The certification has been awarded to Global Development Centres and all business enabling support offices at Chennai , Hyderabad , Bangalore in India after a detailed audit conducted by BSI India Ltd, a part of British Standards Group. ISO/IEC 27001:2005 certified organizations adhere to global information security standards in providing core business services extended to clients along with operations supported by various internal functional/technical groups and departments. […]

Stock Analysts

L Brands Gains on Higher Comps

February 10, 2014 0

Shares of L Brands, Inc. ( LB ) rose 5.4% following impressive comparable-store sales performance for the month of January that bettered analysts’ expectation. After a 2% increase registered in December, comps of this specialty retailer of women’s intimate and other apparel rose 9% for the four-week period ended Feb 1, 2014. […]

Stock Analysts

Keep Holding Eastman Chemical

February 10, 2014 0

On Feb 6, we reaffirmed our Neutral recommendation on chemicals maker Eastman Chemical ( EMN ). While the company should gain from Solutia acquisition, cost-cutting measures and capacity additions, we remain on the sidelines considering raw material cost pressures and a still weak European market. […]

Stock Analysts

Celanese Bumps Up Share Buyback

February 10, 2014 0

Chemical and advanced materials maker Celanese ( CE ) said that its Board has raised its share repurchase authorization to $400 million. At the end of 2013, the company had authorization to buyback shares worth $228 million under its earlier authorizations. […]

Stock Analysts

Pay Mind to the Miners

February 10, 2014 0

Sorry King Midas, but nobody cares about what you touch anymore. That shimmery stuff you melt down to make rings and things has lost its luster. Gold was the talk of the town around $1,900 an ounce but since the collapse in prices now it's an afterthought. […]

Stock Analysts

Michael Kors Looks Promising

February 10, 2014 0

Shares of the global luxury lifestyle brand, Michael Kors Holdings Ltd ( KORS ) has gained 4.8%, since its third-quarter earnings announcement on Feb 4, 2014. The company’s spectacular third-quarter fiscal 2014 results came on the back of an impressive holiday sales season owing to strong demand for its luxury brands. The company is seeking to carve a niche in the high-end retail sector by broadening its footprint in strategic markets and offering merchandise that caters to the elite. […]

Stock Analysts

Fluor Corporation Up on Dividend Hike

February 10, 2014 0

Share prices of Fluor Corporation ( FLR ) rose 1.6% on Friday, Feb 7, following the company’s announcement of a 31% increase in quarterly dividend on Feb 6. Fluor has increased the quarterly dividend to 21 cents per share from 16 cents per share. The increased dividend will be paid on Apr 2, 2014 to shareholders of record on Mar 4. […]

Mergers & Acquisitions

Oando Energy Resources Provides Further Update on Private Placement

February 10, 2014 0

Oando Energy Resources Provides Further Update on Private Placement PR Newswire CALGARY, Alberta, February 10, 2014 CALGARY, Alberta , February 10, 2014 /PRNewswire/ — Oando Energy Resources Inc. (” Oando Energy Resources ” or the ” Company “) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria , today announced that, further to its news releases of January 28, 2014 and February 10, 2014 , the Toronto Stock Exchange (” TSX “) has accepted notice of the proposed private placement of 35,070,063 common shares of the Company and 17,535,031 warrants for gross proceeds of US$50,000,000 (the ” Private Placement “) and the proposed acquisition by the Company of the outstanding shares of Medal Oil Limited (the ” Medal Oil Acquisition “), which owns a 5% interest in OML 131, for a purchase price of US$5,000,000 to be satisfied by the issuance of 3,491,082 common shares of the Company and 1,745,541 warrants. In addition, TSX has conditionally approved the listing of all common shares issuable (including underlying the warrants) pursuant to the Private Placement and the Medal Oil Acquisition […]

Stock Analysts

Brown & Brown OKs $25M Share Buyback

February 10, 2014 0

In its concerted effort to enhance shareholder value, the board of directors of Brown & Brown, Inc . ( BRO ) authorized the company to repurchase upto $25 million worth of shares. The company can buy back the shares over the next two years […]

Stock Analysts

Primerica Hikes Quarterly Dividend

February 10, 2014 0

The board of directors of Primerica, Inc. ( PRI ) approved a 9% increase in its quarterly cash dividend. The life insurer will now pay a quarterly dividend of 12 cents per share against 11 cents a share distributed previously. […]

Stock Analysts

BRE Properties Crafts New High

February 10, 2014 0

Shares of BRE Properties Inc. ( BRE ) crafted a new 52-week high, touching $61.65 at the end of the trading session on Feb 7. The stock price reflects an appreciation of 1.28% on the day and a solid year-to-date return of 10.0%. […]