Year: 2014

Shares of Nasdaq OMX Group Inc. ( NDAQ ) unexpectedly dipped 1.5% to $39.0 after it ended year 2013 with the culmination of a strategic business deal with Turkey’s sole stock exchange — Borsa Istanbul. The deal, signaled in July 2013, encompasses Nasdaq to offer its globally comparable, superior-quality and complete market technology to the Turkey exchange. […]

On Jan 2, Zacks Investment Research upgraded PS Business Parks Inc. ( PSB ) to a Zacks Rank #2 (Buy). The upgrade is based on the company’s recent acquisitions and improving market fundamentals. […]

3D Systems Corp. ( DDD ) completed the acquisition of a part of Xerox Corporation’s ( XRX ) product design, engineering and chemistry group and related assets. The deal is an all-cash transaction and is valued at $32.5 million. […]

It is a common phenomenon for small pharma/bio-pharma companies to enter into loan agreements with financial institutes or other larger companies to enhance their development programs. Earlier this week, Acura Pharmaceuticals, Inc. ( ACUR ), a specialty pharmaceutical company, confirmed a $10 million debt financing from Oxford Finance LLC. […]

Equifax Inc. ( EFX ) recently offered guidance to guard against the growing menace of identity theft or fraud. Approximately 12.6 million people were affected by identity theft in 2013, according to a survey conducted by Javelin Strategy & Research […]

We recently initiated our coverage on AECOM Technology Corporation ( ACM ), a professional, technical and management support services provider, with an Underperform recommendation. Why Underperform? AECOM specializes in providing integrated services for planning, construction and maintenance of infrastructures that include consulting, architecture, engineering as well as managing the requirements for energy, water and environment […]

On Jan 3, we maintained our Neutral recommendation on Citrix Systems Inc. ( CTXS ). The company reported mixed financial results for the third quarter of 2013 […]

Actelion Ltd. ( ALIOF ) had a very successful 2013 driven by the approval of Opsumit in the U.S. and EU in Oct 2013 and Dec 2013 respectively. […]

DDR Corp. ( DDR ) accomplished transactions worth over $1.64 billion in fourth-quarter 2013. The move comes as part of the company’s asset management efforts and capital recycling program […]

On Jan 2, 2014, we reinstated our long-term Neutral recommendation on Duke Realty Corporation ( DRE ). This is based on the company’s decent third-quarter results, strategic portfolio restructuring activity and a healthy balance sheet position. Yet stiff competition and a large development pipeline remain our plausible concerns […]

Micron Technology ( MU ) is set to report the first-quarter results on Jan 7, after the closing bells. Last quarter, it posted 8.7% negative surprise. […]

Comcast Corporation ( CMCSA ) – the largest cable MSO (multiple system operator) in the U.S. – has upgraded its video streaming service by providing download option for its Xfinity Streampix customers. […]

Terreno Realty Corporation ( TRNO ) is on an acquisition spree. The company acquired land in South Brunswick, NJ on Dec 31, 2013. […]

One of the leading Canadian railroads, Canadian Pacific Railway Limited ( CP ), has announced the sale of the west end of its Dakota, Minnesota & Eastern railroad line for $210 million to Genesee & Wyoming Inc. ( GWR ). […]

Shares of SunEdison, Inc. ( SUNE ) has been trending up post the redemption of its remaining $550 million 7.75% Senior Notes (maturing in 2019), and $200 million of its term loan bearing an interest of 10.75%. The company also raised its principal amount of $600 million (previously $500 million) with an interest rate of 2.0% convertible senior notes maturing on Oct 1, 2018 and the remaining $600 million aggregate principal amount with an interest rate of 2.75% convertible senior notes, set to mature in Jan 1, 2021. […]

Huntington Ingalls Industries, Inc. ( HII ) announced its takeover of The S.M. Stoller Corporation – the consulting and engineering services provider to the federal government and private sector […]

On Jan 3, we maintained our Neutral recommendation on Liberty Global Inc. ( LBTYA ). […]

General Mills, Inc. ( GIS ) has started making its original Cheerios breakfast cereals minus the genetically modified organisms or GMOs amid growing concerns of consumers and activist groups regarding the use of such ingredients in food items. […]

According to a report by Reuters, Deutsche Bank AG ( DB ) has reached a lawsuit settlement with U.S.-based shareholders. The German bank was accused of hiding information about its capacity to handle risks related to mortgages before the 2008 financial crisis. The settlement was filed in a U.S. […]