Month: May 2014

Shares of CryoLife, Inc . ( CRY ) rose 3.7% yesterday following the announcement of a 9.1% hike in 2014-second quarter cash dividend to 3 cents from 2.75 cents per share. The increased dividend reflect an annualized rate of 12 cents, up from the prior rate of 11 cents per share. […]

Reuters reported on May 27, 2014 that China National Petroleum Corporation (“CNPC”) – the parent company of Chinese energy giant, PetroChina Co. Ltd. […]

Reportedly, Amazon.com Inc. ( AMZN ) is set to ramp up its Prime offerings by launching a music streaming service. Per Buzzfeed, the service will be available to Prime’s subscribed members this summer and will work on a number of mobile devices and computers […]

Fulton Financial Corporation ( FULT ) continues to boost shareholder value. This Lancaster, PA-based bank recently authorized a 4 million (2.1% of total shares outstanding as of Apr 30, 2014) share repurchase program. […]

Shares of AmSurg Corp. ( AMSG ) spiked almost 7% to reach $45.74 on yesterday’s close following the company’s announcement of its foray into the huge and fast-growing fragmented physician outsourcing market through a mega $2.35 billion acquisition. The company has entered into a definitive agreement to acquire Sheridan Healthcare, a prominent multi-specialty outsourced physician services provider, for a transaction value of $2.35 billion in cash and stock […]

Genomic Health, Inc. ( GHDX ) reported the outcome of a significant study which confirmed that the Oncotype DX test results for Recurrence Score and quantitative estrogen-receptor (ER) can predict distant recurrence risk in patients with early-stage breast cancer, after initial tamoxifen therapy. Data from the study suggests that Oncotype DX may help identify those patients who have higher chances to benefit from extended hormonal treatment beyond five years. […]

Brazilian carrier GOL Linhas Aereas SA ( GOL ) has received the green signal from its board to proceed with its exclusive strategic partnership with European giant Air France-KLM SA. GOL expects to expand its operations between Brazil and Europe on the back of this deal. The approval came after the board sanctioned a capital increase of up to R$ 185.8 million ($82.9 million), of which R$ 116.0 million ($52.0 million) will be subscribed to by Air-France KLM, while the current shareholders will have the first right to the rest of the new shares. […]

Chemical company Celanese Corporation ( CE ) will showcase its thermoplastic composites at the SAMPE 2014 annual technical conference on Jun 5, at the Washington State Convention Center in Seattle, WA. Celanese will feature thermoplastic solutions for continuous-fiber composites used in light and tough components that help in reducing weight, cutting costs and performing in extreme environments. High performance thermoplastic composites are found in more lightweight industrial applications and provide high heat and chemical resistance, durability and cost reduction vis-a-vis conventional materials, such as thermosets and metals […]

Leading freight carrier United Parcel Service, Inc. ( UPS ) recently opened a new contract logistics distribution facility in Beijing, China. The new facility includes 6,500 square meters of space and is situated 19 kilometres from Beijing Capital International Airport […]

Southwest Airlines Co. ( LUV ) has been reportedly fined $200,000 for misleading customers through deceptive TV commercials. […]

Similar to its global expansion strategies, Hyatt Hotels Corporation ( H ) is looking to expand its footprint domestically. The hotelier recently announced the opening of Hyatt Place Flushing/LaGuardia Airport. This marks the debut of the Hyatt Place-branded hotel in Queens, NY. […]

Tata Motors Limited ( TTM ) posted earnings of Rs. 12.16 per ordinary share (99 cents per American Depositary Share or ADS) for the fourth quarter ending Mar 31, 2014, down from Rs. 12.27 ($1.13 per ADS) in the year-ago quarter […]

On May 29, 2014, the shares of Devon Energy Corp. ( DVN ) touched a 52-week high of $73.98, thanks to its acquisition of high-quality properties, robust performances by its core assets and attractive dividend growth. […]

Juniper Networks ( JNPR ) recently announced that it has resolved a long-running patent violation lawsuit with Palo Alto Networks ( PANW ). According to the terms, Juniper will receive an upfront payment of $75.0 million in cash and remaining $100.0 million in shares from Palo Alto. […]

In a bid to strengthen its flash storage capabilities, Seagate Technology ( STX ) is set to pay $450 million to acquire the Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies ( AVGO ). These divisions were part of LSI Corp. that Avago acquired in December last year. […]