Month: May 2014

AT&T Inc. ( T ) announced the expansion of its Digital Life package in six new markets – Beaumont, Omaha, Toledo, Greenville, Cape Coral, and Oxnard. […]

Following a strong first-quarter 2014, the board of Lincoln National Corporation ( LNC ) has sanctioned an increase in its shares and securities to a total of $1.0 billion. This replaces the previous one approved in Aug 2012, wherein Lincoln National had amplified its repurchase activity by up to $1.0 billion. […]

On May 22, 2014, shares of diversified utility, NiSource Inc. ( NI ), soared to its 52-week high of $37.34 driven by large-scale modernization ventures, strategic midstream investments and an attractive dividend raise. The shares finally closed at $37.19, up 32.1% from the year-ago closing price. […]

North American energy firm, Williams Companies Inc. ( WMB ) increased its regular dividend to 42.50 cents per share ($1.70 annualized), up 20.6% from 35.25 cents in the prior-year quarter. The new dividend also marks sequential growth of 5.6% […]

ITT Educational Services Inc. ( ESI ) shares plunged 20.54% and closed at $20.50 on May 22, following the release of its preliminary results for first quarter 2014 and the withdrawal of its previously provided guidance for the year. ITT Educational has submitted an enquiry to the Office of the Chief Accountant (OCA) of the Securities and Exchange Commission (SEC) related to the accounting treatment of the PEAK Private Student Loan Program in the company’s financial statements. […]

United Airlines – the wholly owned subsidiary of United Continental Holdings Inc. ( UAL ) – has launched its non-stop summer service between Chicago and Edinburgh, as announced previously in Sep 2013. […]

On May 22, 2014, Aon plc. ( AON ) achieved a new 52-week high of $88.25. […]

Dallas, TX-based Matador Resources Co. ( MTDR ) has commenced an underwritten public offering of 7,500,000 common shares. […]

Moody's Investors Service – the credit rating agency of Moody’s Corporation ( MCO ), raised its rating outlook on Teleflex Incorporated ( TFX ) to positive from stable. Subsequent to this ratings upgrade, shares of Teleflex climbed 0.6% to close at $105.50 till the last reported session. Teleflex’s new $250 million senior unsecured note offering also obtained a Ba3 rating from Moody's Investors Service […]

Royal Bank of Canada ( RY ) gained 1.8% on the NYSE after the company released strong second-quarter 2014 (ended April 30) earnings on Thursday. Net income of C$2.2 billion ($2.0 billion) increased 15% year over year. […]

U.S. energy company, ExxonMobil Corporation ( XOM ) surprised the market with a 0.5% fall in share price. […]

Leading hotelier, Hyatt Hotels Corporation ( H ) has inked an agreement with Badriah Investments B.V. to develop a hotel within Neues Schloss, the New Castle in Baden-Baden, Southwestern Germany. The Neues Schloss Baden-Baden hotel will undergo renovation in order to transform the historic castle to a hotel. […]

RBS to Trim Rates Prime Brokerage Business ( Revised ) The Royal Bank of Scotland Group plc ( RBS ) is scaling down its Rates Prime Brokerage business which encapsulates their OTC Client Clearing. This decision is in response to escalating regulatory as well as operating costs which have squeezed the profitability of this unit and forced the banking behemoth to take such a decision. […]

Jeff Bezos, the chief executive officer (CEO) of Amazon.com Inc. ( AMZN ) announced that the company is expecting to deploy an army of nearly 10,000 robots at its warehouses worldwide by the end of 2014. Currently, Amazon has around 1,000 robots to help fulfill customer orders. […]

Integrated energy behemoth, Royal Dutch Shell plc ( RDS.A ) announced that it has stopped the scrip dividend program, in which company stock was offered as dividend instead of cash. This decision would be effective from the current quarter interim dividend payment. The company intends to increase focus on share buybacks and cash payments […]