Year: 2014

Oil prices advanced to their highest level in almost two weeks yesterday following an extremely positive gross domestic product (GDP) report. In New York, West Texas crude was up $1.86 (or 3.4%) on Tuesday to close at $57.12 per barrel. However, considering the weak crude dynamics – ample supplies in the face of weak demand – the commodity is likely to remain under pressure, at least in the near-to-medium term […]

A string of innovative service launches like “Ethernet@Home” coupled with higher demand for metro Ethernet services are likely to spur growth for Comcast Corporation ( CMCSA ) in the coming quarters. In addition, investment plans in China to build a theme park in Beijing also bodes well for the company over the long term. Comcast is aggressively targeting the small and medium-sized business (SMB) segment, which remains the core area of telecom operators. […]

OneBeacon Insurance Group, Ltd. ( OB ) recently completed the sale of its runoff business to Trebuchet US Holdings, Inc. ("Trebuchet"), a wholly owned subsidiary of Armour Group Holdings Limited (“Armour”). […]

Trimble Navigation Ltd. ( TRMB ), an original equipment manufacturer of positioning, surveying and machine control products, recently acquired privately-held IRON Solutions. […]

Most of the major players in the airline space gained traction over the last 5 trading sessions aided yet again by falling oil prices. The NYSE ARCA Airline index gained 3.4% over the last 5 trading days. Overall, the airline industry is going through happy times. […]

On Dec 24, Zacks Investment Research upgraded Amerisafe Inc. ( AMSF ) by a notch to a Zacks Rank #1 (Strong Buy) from a Zacks Rank #2 (Buy). […]

The world’s leading consumer transaction technology provider, NCR Corporation ( NCR ) recently announced that it is expanding its APTRA Connections software features at its SelfServ 22e automated teller machine (ATM) for Taiwan-based Cathay United Bank’s personalized ATM transactions. Per the company, this is the second phase of APTRA Connections software. The enhanced features like more bill payment options such as life insurance loan and payment, QR Code scanning, donation and auctions, will be available on the newly purchased NCR-branded ATMs and units from two other vendors […]

One of the leading manufacturers of innovative dialysis products – Nxstage Medical, Inc. ( NXTM ) – recently secured the U.S. Food and Drug Administration (FDA) approval for its home nocturnal hemodialysis product – System One. […]

Quanta Services Inc. ’s ( PWR ) subsidiary, PAR Electrical Contractors, Inc., penned a settlement deal with San Diego Gas and Electric related to the change order dispute associated with the Sunrise Powerlink Transmission Line project in California. […]

The Wall Street Journal recently reported that Starbucks Corporation ( SBUX ) has called off its partnership with Square, Inc. Following the partnership formed in 2012, Starbucks customers could use Square’s mobile application for making quick payments at its stores. […]

Rockstar Consortium Inc. — formed by Apple, Inc. […]

Commercial aerospace behemoth The Boeing Company ( BA ) received a confirmation from Kuwait Airways for 10 777-300ERs (Extended Range), valued at $3.3 billion at list prices. Boeing’s airplanes are in demand due to its fuel efficiency and comfortable interiors. […]

Premium agricultural and chemical solutions provider Syngenta AG ( SYT) lately secured the safety certificate from the Chinese regulatory authorities relating to the trade of Agrisure Viptera in the country. The approval, strengthening the company’s Chinese business opportunities, has also carved new prospects to improve its revenue and margins in the upcoming quarters. With the declaration of the approval agreement on Dec 22, share prices of the stock increased a marginal 0.4% on the following day […]

E. I. du Pont de Nemours and Company ( DD ) has declared that it will resolve some pending patent infringement lawsuits against Monsanto Company ( MON ) in the U.S. […]