Year: 2014

On Jan 8, Zacks Investment Research downgraded Wisconsin Energy Corporation ( WEC ) to a Zacks Rank #2 (Buy). Why the Downgrade? Wisconsin Energy Corporation has been witnessing rising earnings estimates on the back of consistently strong performance. […]

Starwood Hotels & Resorts Worldwide, Inc. ( HOT ) is consistently trying to expand its global presence. […]

Gaming company Zynga Inc. ( ZNGA ) has taken an innovative approach by testing bitcoin for facilitating in-game payments. The gaming company recently made an official statement that it is working with BitPay to facilitate acceptance of the currency in some of its games. […]

Medtronic, Inc. ( MDT ) recently announced its plans to acquire privately held, NJ-based company, TYRX, Inc. TYRX is engaged in manufacturing of implantable combination antibiotic drug and implanted medical devices […]

The spectrum acquisition spree of large telecom carriers continues with AT&T Inc. ( T ) joining the list. The premier carrier has acquired 49 Advanced Wireless Spectrums from Aloha Partners II L.P. […]

In order to comply with regulations, Citigroup Inc ( C ) might sell its stake worth almost $1 billion in funds managed by Citi Venture Capital International (CVCI) – a private equity fund. Earlier, in Dec 2013, Citigroup had divested CVCI to New-York based investment firm, Rohatyn Group. Rohatyn Group is a global emerging markets asset management firm. […]

LinkedIn ( LNKD ) has reportedly sued several unnamed individuals for data ‘scraping,’ a technique of extracting readable data from different sources through a computer program. The company has alleged that offenders are importing data from profiles of original users through fake profiles. […]

Pacira Pharmaceuticals, Inc. ( PCRX ) announced that results from the IMPROVE study on its marketed product Exparel was published in the journal Current Therapeutic Research . The IMPROVE studies are evaluating the differences in postsurgical opioid use and health economic outcomes between patients with laparoscopic colectomy receiving Exparel and those on a standard opioid-based analgesic regimen […]

Willis Group Holdings ( WSH ) recently inked a divestment deal with Insureon, the leading online insurance delivery platform for small-business owners. Per the agreement, Willis Group will divest Insurance Noodle to Insureon for an undisclosed amount. The divestiture is expected to culminate later this month […]

Leading integrated energy firm Royal Dutch Shell plc’s ( RDS.A ) New Zealand division has decided to drill an oil and natural gas exploration well in the country’s offshore PEP 50119 block, located in the Great South Basin. The drilling activity is expected to commence by 2016. However, the company will make a thorough study before starting operations […]

Sprint Corporation ( S ) has announced the expansion of its tri-band LTE network – Spark – to additional 6 markets, namely Dallas, Austin, Fort Worth, Houston, San Antonio as well as Fort Lauderdale, bringing the total to 11 markets. In addition, the company is also expecting to combine Spark with its Virgin Mobile brand to offer high-speed LTE services to its prepaid customers. […]

On Jan 7, 2014, we reaffirmed our long-term recommendation on real estate investment trust (REIT) operating self-storage facilities – Public Storage ( PSA ) – at Neutral. The decision reflects the company’s strategic acquisitions of storage facilities, solid third-quarter results and dividend hike. However, the weak performance of its European business restrains us from becoming extremely positive on the stock […]

Henry Schein, Inc . ( HSIC ) declared that it has completed its 60% equity investment in BioHorizons, Inc. HSIC first announced its decision to invest in BioHorizons, on Nov 26, 2013. […]

The Goldman Sachs Group, Inc. ( GS ) and the U.S. based private equity firm, Kohlberg Kravis Roberts & Co. […]

Wright Express Australia, a subsidiary of WEX Inc. ( WEX ), has inked a new company-wide deal with Caltex Australia, for accepting the Wright Express Fuel cards in most of Caltex locations. Caltex is an established and leading transport fuel supplier and convenience retailer catering to the whole of Australia […]

U.S. Bank National Association, the lead bank of U.S. Bancorp ( USB ), is set to double its deposit market share in Chicago to $11.3 billion by acquiring the Chicago branch network of Charter One Bank franchise owned by RBS Citizens Financial Group, a subsidiary of The Royal Bank of Scotland Group plc ( RBS ), for a 6% deposit premium that amounts to around $315 million. […]