Hillenbrand, Inc. ( HI ) is scheduled to report third-quarter fiscal 2014 (ended Jun 2014) results on Aug 6 after the market closes. In the preceding quarter, Hillenbrand reported impressive results. […]
Melco Crown Entertainment Limited ( MPEL ) is slated to report its second-quarter 2014 results on Aug 7. Last quarter, it posted a surprise of 9.76%. Let’s see what is in store this season […]
Qihoo 360 ( QIHU ) recently announced the pricing of Senior Unsecured Notes aggregating $900 million. The Notes are being offered to qualified institutional buyers under private placement. […]
Gannett Co., Inc. ( GCI ) has agreed to take the complete ownership of Cars.com for about $1.8 billion. The diversified media conglomerate already has a 27% stake in this auto-sales website, and the full-acquisition accord, values the business at approximately $2.5 billion. […]
The Walt Disney Company ( DIS ) owned Marvel studio’s inter-galactic space adventure Guardians of the Galaxy has made a stellar debut. The movie has already grossed $94 million at the box office in its opening weekend trampling Universal Picture’s James Brown biopic Get On Up . This is the third highest opening of the year after Viacom, Inc’s. […]
Ocwen Financial Corp. ( OCN ) has recently been embroiled in a legal mess. The New York’s Department of Financial Services (DFS) has charged it for ambiguously directing $65 million in fees to one of its affiliates – Altisource Portfolio Solutions SA […]
Federal Home Loan Mortgage Corporation ( FMCC ), popularly known as Freddie Mac, is scheduled to report its second-quarter 2014 results on Aug 6. Freddie Mac’s first-quarter 2014 earnings of $4.0 billion reflected its 10th consecutive quarter of positive earnings. However, it was substantially below the prior-quarter net income of $8.6 billion. […]
East Resources Announces Closing Of Utica And Marcellus Divestitures PR Newswire BOCA RATON, Fla., Aug. 5, 2014 BOCA RATON, Fla. […]
ContourGlobal Expands And Consolidates Operations In Its Chapada Do Piaui Wind Complex And Buys Out Minority Interest In Its Asa Branca Wind Farm, Adding An Additional 122.6 MW To Its Growing Wind Portfolio Acquisition increases contracted assets to 633 MW in Brazil and 1,200 MW in Latin America.ContourGlobal also announces that Brazil’s State Development Bank, BNDES, has disbursed R$320 million (US$142 million) to ContourGlobal’s Chapada do Piaui I project. – Acquisition of 100% of shares of the Chapada do Piaui III wind farm with a 20 year PPA awarded in November 2013 A-3 auction, adding 59.2 MW of new generation to the portfolio – Acquisition of minority interests from Casa dos Ventos in ContourGlobal’s wind projects Chapada do Piaui I (15%), Chapada do Piaui II (5%), and Asa Branca (15%) – Total acquisition price is R$180 million (US$78.5 million) – Total R$1.9 billion (US$845 million) investment in the Chapada do Piaui complex – Entire complex will use wind turbines manufactured by General Electric PR Newswire SAO PAULO and NEW YORK, Aug. […]
Warren Buffett, the proverbial king of value investing, who has beefed up his conglomerate from ice-cream to insurance, is eyeing an attractive opportunity. Berkshire Hathaway Inc. ( BRK.B ), of which Buffett is the chairman and CEO, revealed a huge cash hoard of $55.5 billion as of Jun 30, in its second-quarter earnings release. […]
Regeneron Pharmaceuticals ’ ( REGN ) second quarter 2014 adjusted earnings (including stock-based compensation expense) of $1.89 per share were well short of the Zacks Consensus Estimate of $2.33. The company had earned $1.36 per share in the year-ago quarter. […]
Emerson Electric Company ( EMR ) reported third-quarter fiscal 2014 results, ended Jun 30, 2014. Excluding one-time items, earnings for the quarter came in at $1.03 per share compared with 97 cents per share in the year-ago period. Also, quarterly earnings were below the Zacks Consensus Estimate of $1.06. […]
HCP Inc. ( HCP ) – a healthcare real estate investment trust (REIT) – reported second-quarter 2014 adjusted FFO (funds from operations) per share of 75 cents, in line with the Zacks Consensus Estimate and up 4.2% from 72 cents reported in the year-ago quarter. Total revenue came in at nearly $536.1 million, reflecting an increase of 4.7% from the year-ago quarter. […]
WebMD Health Corp. Announces Intention To Commence Tender Offer To Repurchase Up To 2,000,000 Shares Of Its Common Stock PR Newswire NEW YORK, Aug. 5, 2014 NEW YORK , Aug. […]
On Aug 5, Zacks Investment Research upgraded Mercury General Corp. ( MCY ) by a notch to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]
Prudential Financial Inc. ( PRU ) is scheduled to report second-quarter 2014 results on Aug 6. […]
ITT Educational Services Inc.’s ( ESI ) shares nosedived 46% as the company called off its sale and lease back deal with College Portfolio Buyer LLC (CPB) which would have boosted its cash position with $119.1 million. The termination of the deal is a significant blow to investor confidence as the company is already mired in controversies. On May 8, 2014, ITT Educational had entered into an agreement with College Portfolio Buyer to sell and lease back about 24 parcels of property and other assets to the latter. […]
Recently, Israeli company MOBILEYE N.V. ( MBLY ) raised $890 million at $25 per share from an Initial Public Offering (IPO), higher than its expectations of $21 to $23. MOBILEYE’s offering marks the largest IPO by an Israeli company in the U.S […]
EnerSys ( ENS ), a leading stored energy solutions provider, is set to report first-quarter fiscal 2015 results on Aug 7. Last quarter, it posted a 7.3% positive surprise. […]
Utilities undoubtedly play a major role in the development of a nation. The sector is historically considered to be a less-risky area to bet on given its defensive regulatory nature, which helps the participants deliver steady earnings. The payment of regular dividends also adds to the perceived defensiveness of the sector. […]
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