Month: February 2014

Recently, Tessera Technologies, Inc. ( TSRA ) declared that its subsidiaries Tessera, Inc. and Invensas Corp. […]

Recently, Rogers Communications Inc. ( RCI ) announced that it will broadcast 500 regular-season National Hockey League (NHL) games in Canada from the next season. In Nov 2013, the company entered into a 12-year broadcast and multimedia agreement with NHL for national rights to NHL games on all platforms and languages […]

Charlotte, North Carolina-based retailer of apparel and accessories for women, Cato Corporation ( CATO ) reported an 8% decline in comparable-store sales (comps) for the 4 weeks ended Feb 1, 2014. The decline was due to unfavorable weather conditions in January. Net sales for January were down 25% to $48.1 million from $63.8 million in the five weeks ended Feb 2, 2013 […]

On Feb 5, we reaffirmed our Neutral recommendation on Air Products ( APD ). While the company should continue to gain from its cost reduction measures, new business deals and strategic investments, we maintain a cautious view considering high energy costs and weakness in its tonnage gases business. Why a Hold Rating? […]

Amazon.com Inc. ( AMZN ) recently announced the acquisition of Double Helix Games, a game studio. The news follows rumors of the online retailer’s plans to launch an Android-powered game console later this year […]

On Thursday, Benjamin Lawsky, superintendent of New York's Department of Financial Services (DFS) restricted the proceedings of the cash-deal worth $2.7 billion entered into by Wells Fargo & Co. ( WFC ) and Ocwen Financial Corp. […]

j2 Global Inc. ( JCOM ), a leading provider of cloud-based digital faxing, voice messaging systems and digital media, recently acquired City Numbers, a U.K.-based global phone number provider. […]

Industrial tool maker, Illinois Tool Works Inc. ( ITW ) has decided to sell its Industrial Packaging segment to the Carlyle Group for $3.2 billion. […]

Salix Pharmaceuticals, Inc. ( SLXP ) recieved disappointing news when the U.S. […]

Celebrity Cruises, one of the six cruise brands of Royal Caribbean Cruises Ltd. ( RCL ) has entered into a partnership with Canyon Ranch, a leading spa and wellness brand. Per the deal, Canyon Ranch will offer SpaClub services onboard 10 Royal Caribbean Celebrity ships […]

In an attempt to grow business, several U.S.-based restaurateurs are focusing on unit expansion. The biggest chain of drive-in restaurants in the U.S., Sonic Corp. […]

Despite a tough consumer environment, Costco Wholesale Corp. ’s ( COST ) comparable-store sales results for January bettered analysts' expectations. […]

Shares of Palo Alto Networks ( PANW ) jumped 11.67% on Thursday’s trade after the U.S. District Court of Delaware rejected in part a summary judgment motion by Juniper ( JNPR ) for alleged patent infringement by the company. […]

On Feb 6, Zacks Investment Research upgraded steel company U.S. Steel Corporation ( X ) to a Zacks Rank #1 (Strong Buy). […]

We reaffirm our Neutral recommendation on Verizon Communications Inc. ( VZ ). […]

Investment brokerage firm, The Charles Schwab Corporation ( SCHW ) revealed its plan to shift 1000 employees from San Francisco in the coming three to five years as a cost control initiative. Notably, the company will retain its headquarters in San Francisco. The decision to trim down the employee base in San Francisco was primarily driven by the rising costs for carrying business as well as higher cost of living in the Bay Area. […]

Kohl’s Corporation ( KSS ) recently lowered its earnings guidance for fourth quarter and full year 2013. Kohl’s is scheduled to release its fourth quarter and full year 2013 results on Feb 27. For the fourth quarter, the Menomonee Falls, WI-based retailer expects comparable store sales to decline 2.0%, at the higher end of previous expectation of a 0%–2% decline. […]

Rogers Communications Inc. ( RCI ), a leading Canadian telecom and cable TV operator, is scheduled to report its fourth-quarter 2013 financial results before the opening bell on Feb 12, 2014. In the last quarter, the company delivered a negative 2.13% earnings surprise. […]