On May 22, Zacks Investment Research upgraded Houston, Texas-based predominantly natural gas producer Ultra Petroleum Corp. ( UPL ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade […]
On May 22, Zacks Investment Research downgraded KB Home ( KBH ) to a Zacks Rank #5 (Strong Sell). Why the Downgrade? KB Home has been shifting focus from first-time buyers to higher-income and more experienced move-up buyers who have greater potential to qualify for home loans. […]
Pipeline updates are highly awaited events in the pharma/biotech sector as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight into the commercial potential of the candidate once it is successfully developed and commercialized. Insmed Inc. […]
First Solar Inc. ( FSLR ) has joined forces with Rio Tinto and Ingenero to build a 6.7 megawatt (MW) solar power plant at Rio Tinto Alcan's Weipa bauxite operations to power the mine, as well as the township and local port. The first phase of the Weipa Solar Photovoltaic Project invloves 18,000 solar photovoltaic (PV) panel installations on the west coast of the Cape York Peninsula and is due to be completed by the end of this year […]
Wikia Acquires Huddler – Expands Technology, Team, and Lifestyle Audience in Communities for Superfans Acquisition Sets Momentum for Future Fan Commerce PR Newswire SAN FRANCISCO, May 22, 2014 SAN FRANCISCO , May 22, 2014 /PRNewswire/ — Wikia, the social universe of fandom and the ultimate source for powerful and relevant expertise in pop culture, entertainment and games, has announced the acquisition of Huddler, a San Francisco -based technology company representing a collection of enthusiast sites with roots in retail and affiliate advertising. With the acquisition, Wikia gains integrated commerce technologies, key talent, and numerous community-driven sites to further its already strong presence within lifestyle communities such as fashion, technology, and outdoors. Wikia has retained Huddler Co-Founders Ted and Dan Gill , as well as a majority of the Huddler team in order to accelerate engineering, product and business development. […]
Weyerhaeuser commences split-off exchange offer for WRECO in connection with transaction with TRI Pointe PR Newswire FEDERAL WAY, Wash., May 22, 2014 FEDERAL WAY, Wash. , May 22, 2014 /PRNewswire/ — Weyerhaeuser Company (NYSE:WY) today announced that it has commenced its exchange offer related to the split-off transaction of its homebuilding business, Weyerhaeuser Real Estate Company (“WRECO”). […]
Upstream energy operator, Encana Corp. ( ECA ) declared that it is planning to issue 52,000,000 common shares in the initial public offering (IPO) of PrairieSky Royalty Ltd., reflecting an increase from its previous plan to offer 32,500,000 common shares. PrairieSky will be the newly formed company, after Encana spins off its gas and oil resources in Western Canada […]
Patterson Companies Inc. ( PDCO ) posted fourth-quarter fiscal 2014 adjusted earnings per share of 60 cents per share, which was down from the year-ago quarter by a couple of cents and from the Zacks Consensus Estimate by 6 cents. […]
The Chinese telecom market is witnessing two contrasting scenarios as China Mobile Limited ( CHL ) continues to leverage from its 4G investments, while rival China Telecom Corporation Limited ( CHA ) goes on experiencing subscriber decline. China Mobile serves 62.4% while China Unicom Hong Kong Limited ( CHU ) caters to 23.1% of the Chinese market. The remaining 14.5% is addressed by China Telecom […]
The Royal Bank of Scotland Group plc ( RBS ) is scaling down its interest-rate trading business which recently lost its competitive edge. Escalation in regulatory as well as operating costs have squeezed the profitability of this unit and forced the banking behemoth to take such a decision. The British bank’s decision to trim both rates prime broking and rates over-the-counter (OTC) clearing business indicates its withdrawal from the investment banking business. […]
Medtronic, Inc. ( MDT ) released new data at EuroPCR 2014 which demonstrates better clinical outcomes for patients treated with the self-expanding CoreValve System. These patients were enrolled under the rigorous "real world" Medtronic CoreValve ADVANCE Study. […]
Delta Air Lines Inc. ( DAL ) has signed an agreement with leading global travel distribution services and e-commerce provider, Travelport. […]
Oil giant BP plc ( BP ) has announced that it will appeal in the U.S. Supreme Court to review a court order on a settlement tied to its 2010 Gulf of Mexico (GoM) oil spill. […]
Immucor PreciseType™ HEA Test Becomes the First-Ever FDA-Approved Diagnostic for Molecular Typing of Donor and Recipient Red Blood Cells for Blood Transfusions Addresses critical unmet needs in blood banking and transfusion medicine – a fast, FDA-approved way to generate critical genetic matching information necessary to: – Prevent alloimmunization and reduce risk of painful and potentially life-threatening transfusion reactions for patients receiving transfusions of red blood cells (RBC) – Identify and maximize appropriate use of donor blood containing rare antigens PR Newswire NORCROSS, Ga., May 22, 2014 NORCROSS, Ga. , May 22, 2014 /PRNewswire/ — Immucor, Inc., a global leader in transfusion and transplantation diagnostics, announced that the U.S. […]
[marketwatch A8362C93-5C08-45AB-AE9D-0C722479D559] Is Student Loan Debt Dampening the Housing Market? […]
[marketwatch 7701CAC9-0472-40EA-A5C7-46BA84BD934D] Immigrant Stem Workers Could Boost Your Wages […]
Arrow Strategies Announces The Acquisition Of Hire Talent PR Newswire BINGHAM FARMS, Mich., May 22, 2014 BINGHAM FARMS, Mich. , May 22, 2014 /PRNewswire/ — Arrow Strategies recently acquired the controlling interest of Hire Talent, a competitor based in Clinton Township , MI. Hire Talent is a recruiting company with a focus on permanent placement services in Information Technology and Engineering. […]
On May 21, 2014, we issued an updated research report on Laboratory Corporation of America Holdings ( LH ), a leading independent clinical laboratory company. LabCorp reported a disappointing first-quarter 2014 with both adjusted EPS and revenues missing the corresponding Zacks Consensus Estimate. However, the company is working on portfolio expansion and is focusing more on the high-margin esoteric testing businessto drive its top line. […]
An affiliate of Hyatt Hotels Corporation ( H ) entered into an agreement with Coco Palms Hui LLC for the management of the reinstated The Coco Palms Resort on Kauai, Hawaii. The renovation of the hotel is scheduled to begin in early 2015. The hotel will re-open near the beginning of 2017 after a 2-year restoration and will continue to operate under its old name and Hyatt brand. […]
Pandora Inc. ’s ( P ) competitor Spotify recently announced that its paid subscriber base has reached 10 million globally. Total subscriber base reached approximately 40 million […]
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