Month: February 2014

In collaboration with Sekisui House Ltd., one of Japan's leading property developers, The Ritz-Carlton, a wholly-owned subsidiary of Marriott International Inc. ( MAR ) has unveiled a luxury hotel, The Ritz-Carlton, Kyoto, Japan. […]

Amidst the ongoing investigations and litigation issues in the banking sector by various regulators, Citigroup Inc. ( C ) has emerged with another settlement. With this move, Citigroup’s shares rallied 2.26% higher on Friday, coming in at $49.34 […]

Pipeline updates are highly awaited events in the pharma/biotech sector as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight into the commercial potential of the candidate once it is successfully developed and commercialized. Shire ( SHPG ) holds a strong position in the attention deficit and hyperactivity disorder (ADHD) market driven by key drugs like Vyvanse, Intuniv and Adderall XR […]

Good news flowed in at Actelion Ltd. ( ALIOF ) with the Therapeutic Goods Administration of Australia approving Opsumit 10 mg for the treatment of pulmonary arterial hypertension (PAH). […]

To strengthen its presence in the West Coast and leverage on the growing fundamentals, RLJ Lodging Trust ( RLJ ) is acquiring a 10-hotel portfolio from the affiliates of Hyatt Hotels Corp. ( H ) for around $313 million. […]

Jointly developed by Qualcomm Technologies, Inc. and Alcatel Lucent ( ALU ), multi-mode small cells will hit the market in mid-2014. […]

Shares of Puma Biotechnology, Inc. ( PBYI ) soared 18.2% on favorable patent-related news from Europe. The company’s licensed European patent – EP 1848414 – was upheld by the European Patent Office. […]

Shares of Bemis Company, Inc. ( BMS ) went up around 2% and closed at $38.49 after its Board approved a 4% increase in regular quarterly dividend on Feb 6. This marked the company’s 31st consecutive hike in its payout. […]

On Feb 5, 2014, we upgraded our long-term recommendation on Hercules Technology Growth Capital, Inc. ( HTGC ) to Outperform from Neutral. […]

According to a Reuters report, Myanma Airways, the state-owned national airline of Myanmar, is slated to lease about 12 of The Boeing Company ’s ( BA ) 737 jets to expand its domestic operations. The aircraft will be leased by diversified conglomerate General Electric Company ’s ( GE ) aviation leasing arm GECAS (GE Capital Aviation Services). Although Boeing and Myanma Airways both refused to comment on the proceedings, the deal is likely to offer the airline company the flexibility and the requisite resource to operate internationally as Myanmar opens up to business and tourism sectors. […]

We reiterate our long-term Neutral recommendation on Tractor Supply Company ( TSCO ) with a target price of $68. The company also holds a Zacks Rank #3 (Hold). Why Neutral […]

Time Warner Cable Inc. ( TWC ), the second largest cable multi-service operator (MSO) in the U.S., has recently become the first Ethernet service provider in North America to receive certification for all six of the Metro Ethernet Forum (MEF) 's Carrier Ethernet 2.0 business service classes. This reflects the company’s relentless focus on the metro Ethernet business. […]

An integrated energy manufacturing and logistics company, Phillips 66 ( PSX ), has received the consent from its board of directors to proceed with its twin projects. These are namely, Sweeny Fractionator One and Freeport Liquefied Petroleum Gas (LPG) Export Terminal. Both the projects form part of the company’s Midstream growth program and are projected to warrant an investment of over $3 billion. […]

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. ( BHI ) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country) […]

Natural gas processor and distributor, MarkWest Energy Partners LP ( MWE ) has expanded its presence in the Texas Panhandle and Western Oklahoma through the completion of a cryogenic gas processing plant and a high pressure trunk line at Granite Wash. The Buffalo Creek plant has a capacity of 200 million cubic feet per day (MMcf/d). The Buffalo Creek facility has long-term contracts with Chesapeake Energy Corp. […]

Regeneron Pharmaceuticals, Inc. ( REGN ) is set to report its fourth quarter 2013 results on Feb 11 before the opening bell. […]

Shares of Under Armour Inc. ( UA ) hit a 52-week high of $110.00 on Feb 7, 2014 buoyed by the outstanding fourth-quarter 2013 results of this sports apparel retailer. This Zacks Rank #2 (Buy) stock closed at $109.18 on the last trading day, amassing a significantly high return of 118.6% over the past one year […]