On May 29, 2014, HCC Insurance Holdings Inc. ( HCC ) reached a new 52-week high of $47.25. The rally was attributable to the company’s strong first-quarter 2014 earnings, business strengthening capacities and efficient capital deployment activities […]
Norwegian energy company, Statoil ASA ( STO ) and its Indonesian counterpart, PTT Exploration and Production (PTTEP) completed the deal to divide interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada. Following the transaction, both the parties haven taken full control of individual development projects within the particular area, based on the terms of the agreement. Following the closure of the deal, Statoil continues to be the operator with an ownership of 100% of the Leismer and Corner development projects. […]
An affiliate of Hyatt Hotels Corporation ( H ) and Emirates Pearl for Development & Investment L.L.C. (EPDI) entered into an agreement for the management of Grand Hyatt hotel in Abu Dhabi. The hotel — Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl — is scheduled to open in 2015 […]
Valeant And Pershing Square Make Revised Offer For Allergan Contingent On Good Faith Negotiations – Cash of $72.00 per share and 0.83 Shares of Valeant stock – Contingent Value Right for DARPin of up to $25.00 per Share in Value – Pershing Square agrees to forego all cash and accept 100% of its consideration in Valeant stock using an exchange ratio determined based on yesterday’s closing stock prices of AGN and VRX – Pershing Square will receive $20.75 per share less consideration than other AGN shareholders, providing substantially more value and cash for other AGN stockholders – Proposal contingent on good faith negotiations – Conference Call and webcast to discuss proposal on Monday, June 2, 2014 at 8:00 am ET PR Newswire LAVAL, Quebec, May 30, 2014 LAVAL, Quebec , May 30, 2014 /PRNewswire/ — Valeant Pharmaceuticals International, Inc. (“Valeant”) (NYSE: VRX) (TSX: VRX) today announced that it is making an offer for Allergan, Inc. […]
Men’s Wearhouse Announces Termination of HSR Act Waiting Period PR Newswire FREMONT, Calif., May 30, 2014 FREMONT, Calif. , May 30, 2014 /PRNewswire/ — The Men’s Wearhouse (NYSE: MW) today announced that the Federal Trade Commission has granted termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (“HSR Act”) applicable to Men’s Wearhouse’s proposed acquisition of Jos. A […]
SRI International Spin-Off Desti Acquired by HERE, a Nokia Company PR Newswire MENLO PARK, Calif., May 30, 2014 MENLO PARK, Calif. , May 30, 2014 /PRNewswire/ — SRI International today announced the acquisition of Desti , an SRI spin-off venture, by HERE , a Nokia Company, for an undisclosed amount. […]
Ericsson ( ERIC ) recently unveiled its plans to construct a new campus in Santa Clara, CA. This new campus will comprise approximately 400,000 square feet of operational space spanned across two buildings and an advanced Ericsson Experience Center. Further, the campus is expected to house about 2,000 employees devoted to research and development in IP, TV and Media, SDN, NFV and mobile innovation. […]
Recently, Rogers Communications Inc. ( RCI ) received its first major National Hockey League (NHL) sponsorship from one of Canada’s leading banks, Scotiabank. The financial details pertaining to the 6-year agreement have been kept under wraps. […]
KBR Inc. ( KBR ) has received a front end engineering and design (FEED) contract from an affiliate of Gulf LNG Energy. […]
Dialysis company Fresenius Medical Care AG & Co. KGAA ( FMS ) classified the recent voluntary recall of 56 lots of its NaturaLyte Liquid Bicarbonate Concentrate as a Class 1 Recall. Classified as the most serious type of recall, Class I recalls involve situations in which there is a reasonable probability that use of the affected product would have caused serious health consequences or even death […]
United Stationers Completes Acquisition Of CPO Commerce PR Newswire DEERFIELD, Ill., May 30, 2014 DEERFIELD, Ill. , May 30, 2014 /PRNewswire/ — United Stationers (NASDAQ: USTR) today announced that its wholly-owned subsidiary, United Stationers Supply Co., has completed the purchase of 100 percent of the outstanding shares of CPO Commerce, Inc. […]
Solanbridge Group Inc Announces LOI to Merge with Shamrock Geoscience Pty Ltd. PR Newswire HOUSTON, May 30, 2014 HOUSTON , May 30, 2014 /PRNewswire/ — Solanbridge Group Inc (OTC: SLNX) is pleased to announce that on May 29, 2014 , SLNX signed a Letter of Intent (LOI) to merge with Shamrock Geoscience Pty Ltd., a South African construction and engineering firm. […]
On May 27, Zacks Investment Research upgraded Calgary, Alberta-based independent oil and gas explorer Canadian Natural Resources Ltd. ( CNQ ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]
On May 29, 2014, shares of Platinum Underwriters Holdings Ltd. ( PTP ) scaled a 52-week high of $64.96. With about 0.15 million shares exchanging hands in the last trading session, the share price moved up 0.80% to close at $64.24 yesterday. […]
On May 29, 2014, we issued an updated research report on Lindsay Corporation ( LNN ). This leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems reported disappointing results for the second quarter of fiscal 2014 (ended Feb 28, 2014). Earnings per share came in at $1.04, down 31% year over year. […]
On May 26, we issued an updated research report on U.S. Steel ( X ). […]
Shares of Capital One Financial Corporation ( COF ) achieved a new 52-week high, reaching $78.90 within the first hour of the trading session on May 29. The stock closed at $78.72, reflecting a solid return of 30.0% over the past one year. The trading volume for the session was 2.5 million shares […]
Zacks Investment Research downgraded shares of JetBlue Airways Corporation (JBLU) from OUTPERFORM to NEUTRAL on May 30, 2014, with a target price of $10.00. We downgrade our recommendation on JetBlue Airways from Outperform to Neutral owing to its weak first-quarter 2014 results. Both the top and the bottom line missed the Zacks Consensus Estimate. […]
Zacks Investment Research upgraded shares of SHARPS COMPLIAN (SMED) from UNDERPERFORM to NEUTRAL on May 30, 2014, with a target price of $4.00. Headquartered in Houston, Texas, SHARPS COMPLIANCE is a leading provider of cost-effective disposal solutions for small quantity generators of medical waste. […]
[youtube G1RgyGiM_0E] Yes it was a great month at daytradingradio, as I usually see looking back stocks seem to move in sync with other stocks that have the same technical patterns. This past month was a great example of that. It is important to realize that not every week will give you these great set ups but when they do appear I will find them and alert you to them […]
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