Month: February 2014

Despite the drop recorded in fixed income trading business in 2013, The Goldman Sachs Group, Inc. ( GS ) Chief Executive Officer (CEO) Mr. Lloyd C. […]

On Jan 29, we downgraded Penske Automotive Group Inc. ( PAG ) to Neutral from Outperform. The downward revision was based on increasing competition, high inventory level and negative impact of foreign exchange rates. […]

The much awaited legal settlement for Bank of America Corporation ( BAC ) has finally been approved. New York state judge Barbara Kapnick approved the $8.5 billion settlement (announced in Jun 2011) of BofA with institutional investors over soared mortgages. […]

Caterpillar Inc. ( CAT ) topped Dow Jones last week with a gain of 8.98% while major components like Amazon.com Inc. ( AMZN ), Chevron Corp. […]

Techne Corporation ( TECH ) has forged a three-year agreement with Fisher Scientific to distribute its R&D Systems – Tocris, and Boston Biochem brand catalog products through the latter’s customer channel in the U.S and Canada. Techne is primarily engaged in the development, manufacture and sale of biotechnology products and hematology calibrators and controls, through its subsidiaries – Research and Diagnostic Systems, Inc. (R&D Systems) of Minneapolis, and R&D Systems Europe, Ltd […]

Twitter ( TWTR ) recently bought approximately 900 patents from International Business Machines ( IBM ) . The companies also entered a cross-licensing agreement, which will allow IBM to continue using the patents. However, the financial terms of the transaction were not disclosed. […]

Leading hotelier, Starwood Hotels & Resorts Worldwide, Inc. ( HOT ), is consistently trying to expand its presence globally. […]

On Jan 29, we maintained our Neutral recommendation on BorgWarner Inc. ( BWA ) based on an improvement in the bottom line in the third quarter of 2013 and benefits from the acquisition of Gustav Wahler. However, pricing pressure from original equipment manufacturers (OEMs) and strong competition could adversely impact the company’s results. […]

Last year Steel stocks barely made it out alive. After being down considerably most of the year a late stage rally helped push the sector into positive territory. […]

Gogo Inc. ( GOGO ) has recently announced a partnership with Japan Airlines (JAL) to provide Gogo Vision service on the latter’s entire domestic fleet. Gogo’s wireless in-flight entertainment service, Gogo Vision, allows passengers to stream rented movies and television shows on their Wi-Fi laptops or tablets […]

Rent-A-Center, Inc. ( RCII ) announced the opening of a store in Bartlett, Tenn. […]

Shares of Manitowoc Company, Inc. ( MTW ) gained around 15% a day after reporting upbeat fourth-quarter 2013 results on Jan 30. Adjusted earnings from continuing operations catapulted 74% year over year to 47 cents per share aided by sound performance in the Foodservice segment, successful introduction of new products, as well as Manitowoc’s cost control initiatives […]

As part of its effort to broaden its building consultancy platform in Germany, CBRE Group, Inc. ( CBG ) inked a definitive deal to acquire the technical real estate consulting firm, VALTEQ Gesellschaft mbH and its subsidiaries. The buyout, which is expected to close prior to the end of the first quarter of 2014, will diversify and enrich CBRE’s service offerings. […]