Month: May 2014

Skechers USA Inc. ( SKX ) hinted that it is seeking to acquire a stake in the Los Angeles Clippers basketball team, which is expected to be up for sale after it was involved in a controversy following racist remarks made by its owner, Donald Sterling. Shares of this footwear retailer dropped roughly 5% Friday. […]

One of the leading U.S. homebuilding companies, KB Home ( KBH ) recently acquired 278 lots in Santa Clarita in Los Angeles County, CA. […]

Methanex Corporation ( MEOH ) announced that its wholly-owned subsidiary – Methanex Chile SA – has inked a settlement deal with Total Austral SA of Argentina in regards to Total's natural gas delivery obligations under a long-term natural gas supply agreement signed between the two companies. Per the deal, Total will make a lump sum payment of $42 million to Methanex to end the agreement and settle all potential legal disputes under it. […]

Ford Motor Co. ( F ) has sold half a million F-150 trucks equipped with a 3.5-liter V6 EcoBoost engine. While the truck line offers options among a V8 engine, a V6 EcoBoost and a 3.7-liter V6 Ti-VCT engine, the V6 engines are gaining popularity. […]

According to media reports, General Electric Company ( GE ) has made a tender offer worth about $389 million to acquire a stake in two of Alstom SA's India units. This comes subsequent to its $16.9 billion bid to buy the French conglomerate's energy operations. […]

Vodafone Group Plc ( VOD ) is now reportedly offering 4G roaming services to its British customers traveling to Spain, Italy and Portugal. The company began 4G roaming services last year in Greece for its customers in UK and since then, has been fast expanding this service to various other European countries. 4G is rapidly gaining momentum globally owing to demand for high-speed wireless data services and mobile video. […]

The strong U.S. light vehicle sales in Mar 2014 continued in April, on the back of healthy retail sales, impact of delayed purchases due to the severe winter weather in January and February, high incentives and the spring selling season. Sales during the month increased 8% from the year-ago level to 1.39 million. […]

Ascena Retail Group Inc. ( ASNA ) began the month of May by taking its store expansion plans ahead with the opening of two new Lane Bryant stores at Woodhaven Commons in Woodhaven, MI and Peabody Place in Peabody, MA. […]

With the World Cup soccer tournament around the corner, The Walt Disney Company ’s ( DIS ) ESPN recently announced that it will cover all 64 matches live, making it the channel’s 8th such telecast in a row. The tournament will take place from Jun 12 to Jul 13 in Brazil. Each game covered by ESPN, ESPN2, ABC News and ESPN Deportes will be accessible through the WatchESPN and ESPN3 services on computers, tablets, connected-TV devices, gaming consoles and smartphones. […]

Zacks Investment Research downgraded EnPro Industries, Inc. ( NPO ) to a Zacks Rank #5 (Strong Sell) on May 3, 2014. Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of underperforming the broader market […]

The news of Aetna Inc. ( AET ) forming another Accountable Care Organization (“ACO”) with Northeast Medical Group, Inc. (“NEMG”), in Connecticut, on May 1, drove the share price 1% higher during the day. […]

Trimble Navigation Limited ( TRMB ) is set to report first-quarter 2014 results on May 6. Last quarter, it posted a 21.2% positive surprise. […]

Auto and home insurer – Allstate Corp. ( ALL ) is scheduled to release first-quarter 2014 financial results after the closing bell on May 6. In the last reported quarter, Allstate had delivered a positive earnings surprise 23.2%. […]

AstraZeneca ( AZN ) announced that it has rejected Pfizer ’s ( PFE ) latest takeover proposal. AstraZeneca stated that the proposal was inadequate and grossly undervalued the company. […]

We expect oil & gas exploration and production operator Devon Energy Corp. ( DVN ) to surpass expectations when it reports first-quarter results on May 7, 2014. Why a Likely Positive Surprise? […]

Textron Inc. ( TXT ), through its Augusta, GA based unit E-Z-GO, took over TUG Technologies Corp., from Jacobson Partners, a private-equity firm based in New York. This acquisition reflects Textron’s steady inorganic growth strategy […]

We expect entertainment giant The Walt Disney Company ( DIS ) to beat expectations when it reports second quarter fiscal 2014 results scheduled for release on May 6, 2014. Why a Likely Positive Surprise? Our proven model shows that Disney may beat earnings because it has the right combination of 2 key components. […]