On Mar 2, 2014, we issued an updated research report on General Motors Company ( GM ). General Motors benefits from its focus on the emerging markets, investments in North America and efforts to boost financial flexibility. We also appreciate its focus on the fuel cell technology […]
On Mar 28, 2014, Zacks Investment Research downgraded Greif, Inc. ( GEF ) to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold). Why the Downgrade Greif’s estimates underwent sharp downward revisions following its weak first-quarter fiscal 2014 earnings and fiscal 2014 guidance reported on Feb 27 […]
In line with its strategy to enhance market share and provide best-in class investment ideas to its clients, Affiliated Managers Group Inc. ( AMG ) announced two deals. These two announcements facilitated nearly a 5% rise in the company’s shares in an intra day trading on Friday, to reach $190.98 […]
Group Led By Starr Investment Holdings and Partners Group Completes Acquisition of MultiPlan From BC Partners and Silver Lake PR Newswire NEW YORK, March 31, 2014 NEW YORK , March 31, 2014 /PRNewswire/ — Today, a group led by Starr Investment Holdings and Partners Group announced the formal completion of its acquisition of MultiPlan, Inc. from Silver Lake and BC Partners. […]
Chernoff Newman Expands To North Carolina Merger with Carolina PR expands agency’s Southeast presence PR Newswire COLUMBIA, S.C., March 31, 2014 COLUMBIA, S.C. , March 31, 2014 /PRNewswire/ — Chernoff Newman, a leading integrated marketing communications agency in the Southeast U.S., is expanding into North Carolina through a merger with Carolina Public Relations, one of Charlotte’s best-known public relations and marketing firms. […]
It seems that investors are losing confidence in Staples, Inc. ( SPLS ), after this office supplier retailer disappointed with its fourth-quarter fiscal 2013 performance. Shares of this Zacks Rank #5 (Strong Sell) company have dropped about 14.3% since the earnings announcement, whereas year-to-date the stock has fallen roughly 26.3% […]
We issued an updated research report on Fomento Economico Mexicano S.A.B de C.V. ( FMX ), also known as FEMSA following the company’s dismal fourth-quarter 2013 bottom-line results. This largest franchise bottler for The Coca-Cola Company ( KO ) reported net majority income of US$1.05 per share that was significantly lower than the year-ago quarter figure of US$2.08 and lagged the Zacks Consensus Estimate of US$2.01 […]
On Mar 26, 2014, we issued an updated research report on New Jersey based Savings & Loan institution Hudson City Bancorp, Inc. ( HCBK ). The company reported impressive fourth-quarter 2013 results aided by increased non-interest income, lower expenses along with no provision for loan-losses in the quarter […]
On Mar 27, 2014, we issued an updated research report on Raleigh, NC-based real estate investment trust (REIT), Highwoods Properties Inc. ( HIW ). On Feb 10, Highwoods declared fourth-quarter 2013 funds from operations (FFO) of 74 cents per share, beating the Zacks Consensus Estimate by a cent and the prior-year quarter figure by 7 cents. […]
Halozyme Therapeutics, Inc. ( HALO ) announced that Roche 's ( RHHBY ) subcutaneous (SC) formulation of MabThera (rituximab) was approved by the European Commission (EC) for the treatment of patients suffering from follicular lymphoma and diffuse large B-cell lymphoma. […]
American Capital Announces the Purchase of 8.9 Million of Its Shares and Suspends Share Repurchase Program PR Newswire BETHESDA, Md., March 31, 2014 BETHESDA, Md. , March 31, 2014 /PRNewswire/ — American Capital, Ltd. (Nasdaq: ACAS) (“American Capital” or the “Company”) announced today that in the first quarter of 2014, it made open market purchases of 8.9 million shares of American Capital common stock, or 3.3% of the Company’s outstanding shares as of December 31 , 2013 […]
Verde Media Group Inc. Biotech Division Announces Completion of Butazyme Acquisition PR Newswire BOSTON, March 31, 2014 BOSTON , March 31, 2014 /PRNewswire/ — Verde Media Group Inc. […]
NRG Energy, Inc. ( NRG ) announced that its solar asset-base has crossed 1,200 megawatt (MW) mark. […]
VisionChina Media Inc . ( VISN ) recently announced the renewal of a contract to continue operations of its mobile digital television advertising network in Wuhan, China. The agreement provides for the continuation of digital mobile television advertising services on buses in Wuhan […]
Aluminum giant, Alcoa Inc. ( AA ) announced that it will cut 147,000 metric tons of smelting capacity at its Sao Luis (Alumar) and Pocos de Caldas smelters in Brazil. The company is cutting capacity to address the challenging market conditions as well as increasing costs that made the smelters uncompetitive […]
On Mar 29, Zacks Investment Research marginally downgraded United Technologies Corp ( UTX ) to a Zacks Rank #3 (Hold) from a Zacks Rank #2 (Buy) Primarily based on downward estimate revisions. Despite the downtrend, the company still has the potential to drive the stock up. The stock is currently trading at a forward P/E of 16.8x with long-term growth expectations of 11.1%. […]
Recently, SAC Capital, led by Steven A. Cohen, increased its stake in video-game publisher Zynga ( ZNGA ) to approximately 5.3%. This almost doubles SAC’s stake in Zynga, which stood at 2.0% at the end of 2013 […]
Camber Corporation Announces the Close of its Acquisition of Avaya Government Solutions IT Consulting Services — Company expands its capabilities, customers, and contract vehicles — PR Newswire HUNTSVILLE, Ala., March 31, 2014 HUNTSVILLE, Ala. , March 31, 2014 /PRNewswire/ — Camber Corporation announced that it has completed the acquisition of the IT consulting services business from Avaya Government Solutions, a subsidiary of Avaya Inc. […]
AutoCanada Inc. Announces GM Canada Approval of Investment in Cadillac Buick GMC Dealership PR Newswire EDMONTON, March 31, 2014 EDMONTON , March 31, 2014 /PRNewswire/ – AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ) announced today that it has obtained approval from General Motors of Canada (“GM Canada”) to purchase an 80% non-voting equity interest in the assets of McNaught Cadillac Buick GMC (“McNaught”), a Cadillac Buick GMC dealership located in Winnipeg, Manitoba […]
Starwood Hotels and Resorts Worldwide, Inc. ( HOT ) recently announced that it is set to unveil a hotel in Perth, Australia under its popular brand Aloft. […]
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