Month: March 2014

Nektar Therapeutics’ ( NKTR ) shares gained more than 9% on Mar 18, after the U.S. Food and Drug Administration (FDA) notified the company and its partner AstraZeneca ( AZN ) that the Anesthetic and Analgesic Drug Products Advisory Committee meeting on mu-opioid antagonists, including naloxegol, is tentatively scheduled for Jun 11-12, 2014. Naloxegol is being developed for the treatment of opioid-induced constipation. […]

Recently molecular diagnostic company Myriad Genetics Inc. ( MYGN ) entered into a companion diagnostics research collaboration with pharmaceutical major Tesaro, Inc. […]

Shares of Federated Investors, Inc. ( FII ) achieved a new 52-week high, touching $31.20 on Mar 26. […]

Leading enterprise software provider SAP AG ( SAP ) recently announced its plans to acquire cloud-based vendor management system (VMS) solution provider Fieldglass to better manage its workforce. Although, the financial details have not been disclosed, SAP intends to close the deal by the second quarter of 2014. Fieldglass is a leading technology provider for procurement and management of contingent workforce. […]

On Mar 24, 2014, we issued an updated research report on SanDisk Corp. ( SNDK ) post better-than-expected fourth-quarter results. Revenues from commercial and retail channels were strong, aided by higher mobile embedded and solid state drive (SSD) sales. […]

Marriott International, Inc. ( MAR ) remains steadfast on its goal to expand its international presence. The company’s wholly owned subsidiary — The Ritz-Carlton Hotel Company, L.L.C […]

TE Connectivity Ltd. ( TEL ) has recently deployed its InterReach Fusion distributed antenna system (DAS) at Copenhagen Airport in Kastrup, Scandinavia to provide mobile wireless coverage for both its passengers and employees. The company partnered with Denmark-based Caverion A/S to carry out this deployment […]

Public Service Enterprise Group Inc. or PSEG ’s ( PEG ) shares attained a 52-week high of $37.41 during intraday trading on Wednesday, Mar 26, finally closing a little lower at $37.20. What’s Driving Public Service Enterprise […]

On Mar 26, 2014, we initiated coverage on leading global manufacturer of packaging products for consumer goods, Crown Holdings Inc. ( CCK ). Crown Holdings had a tepid fourth-quarter 2013 with both the top and the bottom line falling short of the respective Zacks Consensus Estimate. […]

Bank of America Corporation ( BAC ) announced yet another settlement with the Federal Housing Finance Agency (FHFA) – the conservator of government sponsored enterprises (GSEs) Freddie Mac ( FMCC ) and Fannie Mae ( FNMA ). This put an end to the long-drawn legal conflict pertaining to the sale of faulty-mortgage backed securities by BofA. The settlement is worth nearly $9.3 billion and comes as respite for the company, as it removes a significant legal headwind. […]

The government of Mexico has decided to reform its telecommunications sector, predominantly the wireline and wireless phone segments and the cable and satellite TV segments. The telecommunications sector in Mexico is highly monopolistic with one or two companies dominating the market. […]

Chinese markets had a largely positive week on expectations that the government would step in to boost the economy. Positive signals in the form of reforms of a key state-owned enterprise added strength to these predictions. The low points occurred last Thursday, due to a fall in the value of the yuan, and on Monday, when the *flash” Markit/HSBC PMI fell to an eight-month low. […]

Accenture plc ( ACN ) reported second-quarter fiscal 2014 earnings per share of $1.03, missing the Zacks Consensus Estimate of $1.04. On a year-over-year basis earnings increased 3%. […]

The third largest U.S. wireless network operator, Sprint Corporation ( S ), is teaming up with Competitive Carriers Association (CCA) and NetAmerica Alliance to accelerate 4G LTE deployment in rural America. Apart from this new partnership, Sprint is also planning to add 700 MHz Band 12 to its devices beginning next year […]

Toyota Motor Corporation ( TM ) is reportedly repurchasing 1.89% of its shares worth as much as 360 billion yen ($3.5 billion). The automaker also stated that it will be buying back almost half of these proposed 60 million shares by June. This share repurchase program by Toyota is first in the last five years and is the biggest since 2003. […]