Month: February 2014

Verizon Wireless of Verizon Communications Inc. ( VZ ) has launched its 4G LTE Network in Summersville Area, West Virginia. […]

After the bell Thursday, LinkedIn ( LNKD ) reported its fiscal 4th quarter and full-year numbers. And while the professional Internet media firm topped estimates on revenues, it was an earnings miss on the bottom line. […]

As a respite for JPMorgan Chase & Co. ( JPM ), a lawsuit against its Bear Stearns unit was dismissed by a U.S. […]

Of late, several restaurateurs are consistently focusing on unit expansion to boost its business. Among the casual dining chains, BJ's Restaurants, Inc. ( BJRI ) is one of the few that have been expanding despite economic uncertainty. […]

DexCom, Inc ( DXCM ) recently secured the U.S. Food and Drug Administration’s (FDA) approval for its continuous glucose monitoring (CGM) device – DexCom G4 PLATINUM (Pediatric). This CGM device is designed for use in children affected with diabetes aged between 2 and 17 years […]

AT&T Inc. ( T ), in collaboration with NBCUniversal, recently announced that it will deliver content for the coverage of the XXII Olympic Winter Games from Sochi, Russia through its U-verse service. The coverage starts on Feb 6 and will continue through Feb 23 […]

We recommend investors stay invested in the Southern California-based energy services holding company Sempra Energy ( SRE ). At present, the stock reflects a balanced risk-reward proposition. […]

As an endeavor to strengthen its position in the fast-growing craft beer segment, the world’s largest beer maker, Anheuser-Busch InBev SA/NV ( BUD ), also known as AB InBev, entered into an agreement to acquire the New York-based Blue Point Brewing Co. The company projects to close the transaction at the beginning of second-quarter 2014. […]

Texas-based Spectra Energy Corporation ( SE ) and master limited partnership Spectra Energy Partners ( SEP ) have announced plans to expand two existing pipeline systems in the Northeast United States to connect prolific natural gas supplies with demanding markets in the New England states and Maritime provinces. The Atlantic Bridge project is a proposed expansion of its Algonquin Gas Transmission and Maritimes & Northeast Pipeline systems. Spectra Energy has teamed up with Until Corporation, a natural gas distribution company with operations in Massachusetts, New Hampshire and Maine. […]

Leading U.S. homebuilder, Toll Brothers, Inc. ( TOL ) recently closed the purchase of the homebuilding business of California-based Shapell Industries, Inc […]

Despite reporting better-than-expected fourth-quarter 2013 results, we maintained a Neutral recommendation on Lennar Corporation ( LEN ), on Feb 5, due to slowing order trends. Why the Reiteration? […]

Novo Nordisk ( NVO ) recently announced that it has granted total development and commercialization rights to anti-NKG2A antibody to Innate Pharma. The first-in-class immune checkpoint inhibitor, anti-NKG2A (IPH2201), is being developed for the treatment of rheumatoid arthritis. […]

Leading hotelier, Starwood Hotels & Resorts Worldwide, Inc. ( HOT ) set a new trend in hotel designs with the launch of its W brand in 1998. The company now owns 45 W-branded hotels worldwide. […]

Range Resources Corporation ( RRC ) raised its estimated unrisked unproved resource potential as of Dec 31, 2013 to 64–85 trillion cubic feet equivalent (Tcfe), up from 48–68 Tcfe at year-end 2012 and 60–83 Tcfe at mid-year 2013. The year-end 2013 unproved resource potential includes 42–55 Tcf of natural gas and 3.7–4.9 billion barrels of NGLs and crude oil. Of the total year-end 2013 unproved resource potential, approximately 62% is attributable to the Marcellus Shale where Range has 955,000 net acres […]

CVS Caremark ( CVS ) has announced that it will discontinue the sale of cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the U.S. by Oct 1, 2014. CVS Caremark will be the first national pharmacy chain to undertake such a health awareness initiative […]

On Feb 5, Zacks Investment Research upgraded Tulsa, Okla.-based contract drilling services provider Helmerich & Payne Inc ( HP ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? Helmerich & Payne’s strong revenue, EPS and dividend growth over the past year, together with its ability to continuously expand market share, make it a great stock to own. […]

Although shares of ProAssurance Corporation ( PRAA ) moved up slightly subsequent to the company’s recent endeavor toward expanding its U.K operations, it failed to retain the momentum thereafter. On Feb 4, 2014, the company had announced the buyout of the Individual Voluntary Arrangements (IVA) Master Servicing Platform and other operating assets related with it from Pamplona Capital Management, LLP (PCM). The deal, to be closed before mid-2014, conforms to ProAssurance’s business strengthening initiatives in the U.K., including the acquisition of U.K. […]

Shares of Pernix Therapeutics Holdings, Inc. ( PTX ) jumped 68.9% on the back of an institutional investment by Athyrium Capital Management and the appointment of a new Chief Executive Officer (CEO). Pernix appointed Doug Drysdale as its CEO […]