On May 27, Zacks Investment Research upgraded Smith & Wesson Holding Corporation ( SWHC ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? Smith & Wesson has been reporting strong financial results and surpassing our estimates for the last 11 quarters. […]
Recently, Facebook ( FB ) announced that it would cut down on Newsfeed updates that third-party apps including the likes of Spotify and Cityville automatically share. This step has been initiated by Facebook in response to more and more users marking these automatic shares as spam. Facebook believes that posts people create and share are circulated more compared to auto-share updates […]
Marsh & McLennan Cos. Inc. ( MMC ) announced the pricing of senior unsecured notes worth $600 million for multi-purpose shelf registration. […]
JBS S.A. Announces Commencement Of Tender Offers And Related Consent Solicitations For 10.50% Senior Notes Due 2016 And 10.25% Senior Notes Due 2016 PR Newswire SAO PAULO, May 28, 2014 SAO PAULO , May 28, 2014 /PRNewswire/ — JBS S.A. (“JBS”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for (i) any and all of the outstanding $300,000,000 aggregate principal amount of 10.50% Senior Notes due 2016 of JBS and JBS Finance Ltd. […]
New Century Bancorp And Select Bancorp Shareholders Approve Merger; Four Are Re-Elected To New Century Board Of Directors Vote to approve merger was announced yesterday at the Company’s Annual Meeting PR Newswire DUNN, N.C., May 28, 2014 DUNN, N.C. , May 28, 2014 /PRNewswire/ — At New Century Bancorp’s 2014 Annual Meeting held yesterday, Tuesday, May 27, 2014 , at the Company’s headquarters in Dunn, NC , it was announced that the Company’s shareholders had voted to approve the merger with Select Bancorp, Inc. […]
ITC Holdings Corp. Prices $400 million Debt Offering PR Newswire NOVI, Mich., May 28, 2014 NOVI, Mich. […]
Aerospace and defense company Triumph Group, Inc. ( TGI ) entered into a definite agreement to acquire the hydraulic actuation business of GE Aviation, a subsidiary of General Electric Company ( GE ). This transaction will further strengthen Triumph Group’s Aerospace Systems segment. […]
Alcatel-Lucent’s ( ALU ) ultra-broadband technology and integration solutions were selected by Bolt Fiber Optic Services – a subsidiary of Northeast Oklahoma Electric Cooperative – to provide high-speed Internet and IPTV to rural areas of the north-eastern part of Oklahoma. However, the financial details pertaining to the deal were kept under wraps. Post the successful integration of Alcatel-Lucent’s gigabit passive optical network (GPON) technology, Bolt Fiber Optic Services' network speed is likely to improve 100 times. […]
With a view to continue its shareholder-friendly moves, Urban Outfitters Inc. ( URBN ) recently announced a share repurchase program of 10 million shares. Prior to this, the company completely exhausted its 10 million share buyback program authorized in August last year by its board of directors. […]
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Willis Group Holdings plc ( WSH ) will take over a 75% equity interest in Max Matthiessen for $205 million. This deal underlines the company’s efforts to strengthen its presence in Sweden. Sweden-based Max Matthiessen is a leading employee benefits advisor in retirement savings, health plans and personal insurance and has been a Willis’ strategic partner for five years […]
In a move to restructure its portfolio, Valeant Pharmaceuticals International, Inc. ( VRX ) announced that it has entered into an agreement with Nestle S.A to sell its rights of some of its key products. As per the agreement, Valeant Pharmaceuticals will sell its rights to Restylane, Perlane, Emervel, Sculptra, and Dysport for $1.4 billion in cash. […]
Incyte Corporation ( INCY ) entered into a clinical trial collaboration agreement with Bristol-Myers Squibb Company ( BMY ) for a phase I/II study that will evaluate the combination of the latter’s nivolumab and the former’s INCB24360. Incyte’s shares gained around 4.5% following the announcement. The companies will evaluate the safety, tolerability and preliminary efficacy of the combination for the treatment of multiple tumor types including melanoma, non-small cell lung (NSCLC), ovarian, colorectal (CRC), squamous cell carcinoma of the head and neck (SCCHN) and diffuse large B-cell lymphoma (DLBCL). […]
IntercontinentalExchange Group Inc. ( ICE ), or ICE Group, has drafted its plan of action to deal with Euronext NV platform, which was part of the NYSE Euronext acquisition in Nov 2013. The company has scheduled an initial public offering (IPO) for Euronext by Jun 2014-end […]
The Zacks Investment Research upgraded CVB Financial Corp. ( CVBF ) to a Zacks Rank #1 (Strong Buy) on May 27. […]
As per media reports, integrated energy behemoth, Royal Dutch Shell plc ( RDS.A ) is in discussion with the state government of Andhra Pradesh, India for acquiring a 24% interest in Kakinada liquefied natural gas (LNG) development. The import LNG facility – located off the coast of Andhra Pradesh – will be the first floating re-gasification and storage terminal of the state. It is likely to be ready for active services by 2015 with a 3.5–5.0 million ton annual capacity. […]
The board of directors of JDS Uniphase Corp. ( JDSU ) – a leading provider of communications test and measurement solutions – has approved a share repurchase program of up to $100 million through open market or private transactions. The buyback will commence with immediate effect and needs to be completed before Jun 27, 2015 […]
AbbVie Inc. ’s ( ABBV ) shares continue to inch up since the company announced its new drug submission (NDS) to Health Canada for its investigational hepatitis C virus (HCV) infection therapy. Shares were up 0.7% following the company’s announcement […]
Independent oil and gas company, Range Resources Corporation ( RRC ) announced that it would redeem all outstanding Senior Subordinated Notes due 2019, at a coupon rate of 8.0%. The aggregate principal amount of the notes is $300.0 million. […]
Shares of CBRE Group Inc. ( CBG ) reached a new 52-week high, touching $29.82 during the trading session on May 27. […]
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