Year: 2014

Chemical and advanced materials maker Celanese Corporation ( CE ) declared that it will raise prices for vinyl acetate-based emulsions in Asia. Prices of Polyvinyl acetate (PVAc) homopolymer and vinyl acetate ethylene (VAE) emulsions will rise by 300 RMB/MT in China and $45 USD/MT in the rest of Asia. The price increase will be effective Jan 13, 2014, or as per the contracts. […]

On Jan 7, Zacks Investment Research upgraded steel company AK Steel Holding Corporation ( AKS ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? AK Steel has provided an upbeat outlook for the fourth quarter of 2013 and expects shipments to rise sequentially. […]

DISH Network Corp. ( DISH ) – the second largest satellite TV operator in the U.S. after DIRECTV ( DTV ) – will be enhancing its TV viewing facilities by delivering multiple products and services to its subscribers by the middle of 2014. […]

As per The Australian Financial Review, European energy giants Royal Dutch Shell plc ( RDS.A ) and BP plc ( BP ) are planning to divest their gasoline stations and refineries down under. The plan reflects the willingness of the companies to sell downstream properties and to invest the cash proceeds in core upstream operations. […]

Sovran Self Storage, Inc. ( SSS ) declared a 28.3% hike in its quarterly cash dividend rate. The company will now pay a dividend of 68 cents per share compared with 53 cents paid in the prior quarter. […]

On Jan 06, Zacks Investment Research upgraded Altria Group Inc. ( MO ) to a Zacks Rank #1 (Strong Buy) after it entered into a strategic agreement with Philip Morris International Inc. ( PM ) to combine their marketing power to ramp up the distribution of their products. […]

Brazilian state-run energy giant, Petroleo Brasileiro SA or Petrobras ( PBR ) has awarded two ultra-deepwater contracts to the project management, engineering and construction company, Technip ( TKPPY ). However, the value of the contracts has not been disclosed. The French company would deliver flexible pipes of about 100 kilometers that would support oil production, gas lift and gas injection […]

Shares of Peregrine Pharmaceuticals, Inc. ( PPHM ) were up 14.5% after the company announced that its oncology candidate, bavituximab, has received Fast Track designation from the U.S. Food and Drug Administration (FDA). […]

Mack-Cali Realty Corp. ( CLI ), through a joint venture (JV) with Fisher Brothers, purchased a 50% stake in a luxury multi-family residential development project in Washington, D.C. for around $46.5 million […]

On Jan 7, Zacks Investment Research upgraded Investment Technology Group Inc. ( ITG ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]

On Jan 6, 2013 we upgraded our recommendation on Molina Healthcare Inc. ( MOH ) to Neutral given its sustained effort to enlarge its membership base that in turn would augment its premium revenue. This managed care organization currently carries a Zacks Rank #3 (Hold). […]

In a bid to strengthen its dental and technology lines of business in Europe, Henry Schein, Inc. ( HSIC ) forged an agreement to fully acquire five healthcare businesses operating in three European countries, from Arseus NV. Together, these five businesses of Belgium-based Arseus represent annual sales of approximately $97 million (€70 million). […]

To support additional collateralized capacity for global reinsurance business, ACE Limited ( ACE ) created a new special purpose insurance vehicle – Altair Re II. The capacity of the special purpose vehicle is $95 million. […]