Month: May 2014

Moody’s Investor Service of Moody’s Corp. ( MCO ) has affirmed the credibility of Markel Corp. ( MKL ), while also upgrading its outlook.The move acknowledges the company’s improved operating leverage […]

Leading semiconductor solutions provider Broadcom Corporation ( BRCM ) recently announced that it aims to target the Internet of Things (IoT) applications with a new secure processor. The StrataGX secure processor is expected to boost security, multimedia and networking capabilities of endpoint devices and payment terminals. […]

Pacific Sunwear of California Inc. ( PSUN ) posted narrower-than-expected loss for first-quarter fiscal 2014. However, weakness in the women’s business and persistent tough promotional environment compelled Pacific Sunwear to issue cautious second-quarter fiscal 2014 guidance, dragging down the stock price by nearly 10% in the after market trading hours […]

Johnson & Johnson ( JNJ ) has inked a global licensing deal with the privately held Aduro BioTech for developing new therapies to treat prostate cancer. According to the oncology deal, the private company granted Janssen Biotech, a division of Johnson & Johnson, the exclusive license to certain candidates specifically engineered for the treatment of prostate cancer on the basis of Aduro’s proprietary live-attenuated double-deleted (LADD) immunotherapy platform. The deal has been facilitated by the Johnson & Johnson’s innovation center in California […]

Shares of Lions Gate Entertainment Corp. ( LGF ) tumbled 6.7% during aftermarket trading hours yesterday, following its dismal fourth-quarter fiscal 2014 performance. The quarterly adjusted earnings, including stock-based compensation expense, of 34 cents per share missed the Zacks Consensus Estimate of 39 cents, and slumped 34.6% year over year […]

The Dow had a good week, but for Tuesday when it snapped a four-session winning streak to close in the red. A rise in new home sales lifted the blue chip index on Tuesday. […]

Raleigh, NC-based real estate investment trust (REIT), Highwoods Properties Inc. ( HIW ) inked a lease deal with a new customer for 28,000 square foot of space at Green V in Nashville. The transaction reflects the decent demand for the company’s properties in this area. […]

Displaying continual top-line growth, Canadian Imperial Bank of Commerce ( CM ) reported its second-quarter fiscal 2014 earnings (ended Apr 30) on May 29, before the opening bell. Adjusted earnings per share came in at C$2.17 per share, increasing 3.8% year over year Nevertheless, results benefited from a rise in non-interest income partially offset by a fall in net interest income (NII), higher expenses and an increased provision for credit losses. Moreover, growth in deposits, loans and acceptances were the tailwinds of the quarter. […]

Shares of Dow Chemical ( DOW ) clocked a new 52-week high of $52.55 on May 29, eclipsing its previous high of $51.84. Its shares pulled back a bit to end the day at $52.47. The U.S. […]

On May 28, 2014, Norwegian oilfield service firm, SeaDrill Limited ( SDRL ) reported strong first-quarter 2014 earnings. The key driver was the excellent performance by the Floaters segment. Earnings per share came in at $6.23, breezing past the Zacks Consensus Estimate of 70 cents […]

Foster Wheeler AG ( FWLT ) recently announced that its subsidiary- Global Engineering and Construction Group received a contract from Marubeni Corporation for the KazMunayGaz oil refinery based in Kazakhstan. Per the contract, Foster Wheeler is required to supply a Terrace Wall reformer for a hydrogen production unit at the refinery, along with an air preheating system. This unit, having an hourly capacity of 24,000 normal cubic meters, is designed on the lines of Foster Wheeler’s hydrogen technology. […]

KBR Inc. ( KBR ) was recently conferred with topsides front end engineering and design (FEED) contract from Maersk Oil for developing the Culzean Project located in the North Sea. The financial terms of the deal remain undisclosed […]

Shares of Valero Energy Corporation ( VLO ) hit a 52-week high of $56.69 during Thursday’s trading session. However, the stock closed the session at $56.64, which reflects a solid return of 23.9% over the past six months. The average trading volume for the last three months aggregated 7,050,610 shares. […]

Thermon Group Holdings, Inc. ( THR ) reported mixed results for the fourth quarter of fiscal 2014 (ended Mar 31, 2014). While revenues dropped, earnings increased year over year. […]

Conn’s Inc . ( CONN ), a Texas-based durable consumer goods retailer, is slated to report its first-quarter fiscal 2015 results on Jun 2, 2014. […]

Wells Fargo & Company ( WFC ) is set to end a class action lawsuit filed in 2010 by paying $62.5 million, according to a Reuters report. It was alleged that the company misguided investors by promoting a risky securities lending program as secure. The class action lawsuit, headed by the City of Farmington Hills Employees Retirement System, on behalf of around 100 institutional investors asked the U.S […]