Month: May 2014

Stocks had a mixed week as positive economic news was offset by sectoral losses. Markets moved downwards on Monday after ending last week on an upbeat note. Dismal data on home prices had triggered concerns over the property sector […]

Yahoo! Inc. ( YHOO ) is in discussions to acquire RayV Inc., a startup that specializes in enhancing high-definition (HD) online video streaming. However, details are scarce because neither party was available for comment […]

Integrated energy behemoth, Royal Dutch Shell plc ( RDS.A ) announced that it has entered into an agreement with Houston-based oil and gas company Sanchez Energy Corp. ( SN ) to sell operated assets in Eagle Ford in South Texas. Following the news, Sanchez Energy's shares jumped around 9% in the after-hours trading session but there was no impact on Shell’s stock price […]

Riding on a steady growth momentum, the shares of American International Group Inc. ( AIG ) hit a new 52-week high at $54.03 on May 21. This global multi-line insurer’s shares rose about 5.9% since the company reported first-quarter 2014 results at the beginning of May with a positive earnings surprise of 12.04% […]

Cyber attack has become one of the most common crimes in the recent times. E-Commerce giant eBay Inc. ( EBAY ) recently disclosed that one of its corporate information networks suffered a cyber attack […]

Services giant, Weatherford International Ltd ( WFT ) has teamed up with Sinopec Oilfield Service Company (SOSC) and Shengli Highland Petroleum Equipment to form a joint venture (JV) to focus on development of unconventional oil and gas resources in China. Shengli is a JV between Weatherford and a subsidiary of Sinopec that produces drilling tools. […]

Shares of the leading engineering and construction company Foster Wheeler AG ( FWLT ) gained around 2% yesterday after a subsidiary of the company’s Global Engineering and Construction Group received a contract from LNG Canada Development Inc. on May 20. The joint venture will work on a proposed liquefied natural gas export project, known as the LNG Canada Project, in Kitimat, British Columbia […]

Nokia Corporation ’s ( NOK ) network unit, Nokia Solutions and Networks (“NSN”), has recently cut a deal with Algerian-based carrier Algérie Télécom. Per the deal, NSN will deliver its popular RAN (radio access network) technology on its Flexi Multiradio 10 Base Station to network sites. Moreover, the company will initiate the deployment of its cloud-based NetAct technology, which will further boost network efficiency […]

On May 20, 2014, we issued an updated research report on Assurant Inc. ( AIZ ). […]

General Motors Co. ( GM ) is undergoing a challenging situation due to the series of recalls. The latest is a recall of 284,913 Chevrolet Aveo and Optra vehicles of model years 2004 to 2008 in the U.S. […]

After a decade long deliberation, Russian natural gas giant Gazprom and China National Petroleum Corporation have finally signed a natural gas supply agreement. Per the agreement, Gazprom will supply 38 billion cubic meters of natural gas to China annually from 2018 for the next three decades. The supply volume may increase to as much as 61 billion cubic meters annually. […]

On May 21, we have issued an updated research report on ONEOK Partners LP ( OKS ). The midstream operator looks well-positioned for 2014 given its heavy investments primarily directed at liquids and gas gathering and processing infrastructure expansion. For the period 2010-2016, the partnership intends to incur capital spending in the range $6.0–$6.4 billion including investments of $2.02 billion in 2014 […]

Best Buy Company, Inc . ( BBY ) posted first-quarter fiscal 2015 adjusted earnings from continuing operations of 33 cents per share that surpassed both the Zacks Consensus Estimate of 19 cents per share and the year-ago quarter figure of 32 cents per share. The performance was aided by consistent cost containment, partly offset by soft top-line performance. […]

On May 20, 2014, we issued an updated research report on Cooper Tire & Rubber Co. ( CTB ). The company reported positive earning surprises in the last two quarters, rebounding from the negative surprises in the previous two quarters. […]

Shares of upstream energy operator Athlon Energy Inc. ( ATHL ) soared to a 52-week high of $43.76 on May 21, 2014, buoyed by a slew of positive developments. The closing price of the company, as of the said date, was $43.38, representing an impressive year-to-date return of 46.2%. […]

On May 21, we issued an updated research report on Amerisafe Inc. ( AMSF ). […]