Month: January 2015

Gold mining giant Goldcorp Inc. ( GG ) has unveiled its production results for 2014 and its outlook for 2015. It has achieved a record production of 886,000 ounces in the fourth quarter of 2014, bringing the total gold production for the year to 2.87 million ounces, an 11% rise over 2013. […]

Pharmacyclics, Inc. ( PCYC ) provided preliminary 2014 U.S. net product revenue results and 2015 U.S. […]

General Mills Inc. ( GIS ) recently introduced three new healthy treats under the brand, Fiber One. The new products include Fiber One 90 Calorie Mint Fudge Brownies, Fiber One Protein Cookies & Crème and Fiber One Chocolate Chip Crunchy Cookies. […]

Celgene Corporation ( CELG ) provided encouraging guidance for 2015. The company expects adjusted earnings for 2015 in the range of $4.60-$4.75 per share, up 26% over expected earnings of $3.71 per share in 2014. While the Zacks Consensus Estimate for 2014 is $3.26 per share, it is $4.29 per share for 2015 […]

Premium financial service providing companies like HSBC Holdings plc ( HSBC ) and The Royal Bank of Scotland Group plc ( RBS ) are anticipated to lower their bonus pools, after clearing the fines for the alleged exploitation of foreign exchange rates. The banks would lower bonuses to caution investors against risky activities. In order to tap greater economic surplus, many prominent global banks resort to foreign exchange manipulation activities, in violation of the rules imposed by several regulatory authorities […]

Detroit, MI-based DTE Energy Company ( DTE ) announced that it has undertaken additional initiatives for enhancing agricultural energy-efficiency under its “Energy Efficiency Program for Business.” With 20 new measures in place, agricultural community members in Michigan can apply for cash incentives to help them reimburse cost incurred for equipment upgrades. Accessible for both commercial and residential rate-code agriculture customers, this facility will aid them in lowering operating expenses. The incentive will be provided on equipments like irrigation systems, refrigeration, grain dryers and also for equipments used in greenhouses and dairy operations […]

Shares of Fashion and accessories retailer Francesca’s Holdings Corporation ( FRAN ) rose and the Zacks Rank moved a notch higher after the company raised its fourth quarter fiscal 2014 earnings view. After a disappointing third-quarter fiscal 2014 performance, the company finally saw some encouraging results in the holiday season. Consequently, last week management revised the fourth-quarter fiscal 2014 earnings guidance higher. […]

In a bid to expand in personalized healthcare, Illumina Inc. ( ILMN ), a major developer of life science tools for large-scale genetic analysis, recently formed a strategic alliance with Lockheed Martin ( LMT ), a global security and aerospace company. Post-transaction, the two companies are expected to work on scalable and reasonably priced genomics solutions […]

Akamai Technologies, Inc. ( AKAM ) recently announced its collaboration with the largest commercial bank in Thailand — Bangkok Bank — to offer a host of cloud services. Reportedly, Bangkok Bank has been using Akamai's Web Performance Solutions that increased users’ satisfaction and resulted in customer growth […]

It seems that the PC market is moving toward stabilization as is evident from the recent worldwide PC shipment preliminary results for fourth-quarter 2014 released by two research firms — Gartner and IDC. Although the data released by the companies have disparities, both the firms agree that there has been a slight improvement in the PC market. […]

Shares of American Airlines Group Inc. ( AAL ) and Southwest Airlines Co . ( LUV ) declined 4.69% and 1.32% respectively on Jan 12, following the disclosure of their individual traffic data for Dec 2014. […]

The Fresh Market, Inc. ( TFM ) recently announced the retirement of Craig Carlock, the president and chief executive officer (‘CEO’) of the company. Carlock also resigned from the board. […]

Global Indemnity Group, Inc., a subsidiary of Global Indemnity plc ( GBLI ), recently acquired American Reliable Insurance Company. Following the acquisition, A.M Best affirmed American Reliable Insurance Company’s ratings and revised its outlook. A.M […]

The Nutritionals unit at Perrigo Company ( PRGO ) has inked a five-year supply agreement with Ferrara Candy Company, one of the leading gummy manufacturers, to manufacture store brand gummy vitamins and dietary supplements. These are meant to be sold at leading retailers across the U.S. As per the deal, Perrigo will gain exclusive rights to a full line of store brand gummy vitamin, mineral and supplement products which will utilize Ferrara's gummy technology and manufacturing capabilities […]

On Jan 13, 2015, Zacks Investment Research downgraded MasTec, Inc. ( MTZ ), the infrastructure construction company, to a Zacks Rank #5 (Strong Sell). Why the Downgrade? […]

Invesco Ltd.’s ( IVZ ) preliminary month-end assets under management (“AUM”) witnessed a decline for the month of Dec 2014. The AUM came in at $792.4 billion, down 1.4% from the previous month. […]

Accenture Plc. ( ACN ) has been winning several major deals of late. Recently, insurance company Zurich Insurance Group selected Accenture's Duck Creek Policy software suite to help accelerate its product development processes and enhance customer service […]