Month: January 2015

The Dow Chemical Company ( DOW ) announced that it has been selected by the Obama Administration for setting up the Institute for Advanced Composites Manufacturing Innovation (“IACMI”). This project will be completed in partnership with Dow’s joint venture, DowAksa, and a conglomerate of composites-related businesses, academic leaders and government organizations. The institute will help in the advancement of knowledge and commercialization of carbon fiber composites technology to cater to the market demand for strong and lightweight materials […]

The world’s largest software maker, Microsoft Corporation ( MSFT ), in collaboration with Turn 10 Studios and Ford ( F ), released the game Forza Motorsport 6. The game was launched exclusively for Xbox One, just like its predecessor Forza 5, at the 2015 North American International Auto Show. […]

PPG Industries ( PPG ) is set to release its fourth-quarter 2014 results ahead of the bell on Jan 15. Last quarter, the Pennsylvania-based coatings giant delivered a roughly 2.2% positive surprise on gains across major regions, especially Europe, and its cost reduction initiatives. […]

Apartment Investment and Management Company ( AIV ) – better known as Aimco –commenced a public offering comprising 8.2 million shares of its common stock. The underwriters would also be granted a 30-day option to buy up to an additional 1.23 million shares of its common stock. Using the proceeds reaped from this public offering, the company plans to pay back its debt under its revolving credit facility. […]

Actavis plc ( ACT ) announced it expects fourth quarter 2014 earnings to be 10%–15% above Wall Street consensus estimates. The Zacks Consensus Estimate currently stands at $3.51. The company’s expectation is based on a preliminary review of fourth quarter 2014 results. […]

Since there is still no respite to the oil price plunge after six months, many independent exploration and production (E&P) companies feel compelled to cut their 2015 capital spending guidance. Canadian Natural Resources Ltd. […]

The Advisory Board Company ( ABCO ) has announced the completion of its Royall & Company takeover. Royall is a higher education industry leader in strategic, data-driven student engagement and enrollment management solutions. […]

Allied World Assurance Company Holdings, AG ( AWH ) closed the buyout of Latin American Underwriters Holdings Ltd. (“LAU”). With this acquisition, the property and casualty insurer also announced an in-house trade credit insurance platform. […]

Shares of large-cap energy equipment maker National Oilwell Varco Inc. ( NOV ) fell almost 6% on the NYSE to touch a 52-week low of $58.18, on Jan 12. […]

Honda Motor Co., Ltd. ’s ( HMC ) Acura brand launched the next-generation Acura NSX at the 2015 North American International Auto Show. […]

Independent energy company, Southwestern Energy Company ( SWN ) announced that it is commencing registered underwritten public offerings of 20.26 million shares of its common stock and 26.0 million depositary shares. Southwestern Energy will grant the respective underwriters a 30-day option to purchase up to 3.04 million additional shares of its common stock and to solely cover overallotments up to 3.90 million additional depositary shares. The proceeds from the offerings will be used to partially repay borrowings under Southwestern Energy's $4.50 billion 364-day bridge term loan facility […]

Select Medical Holdings Corporation ( SEM ) unveiled its guidance for 2015. The company expects to deliver earnings between 84 cents and 90 cents per share on net revenues of $3.1 billion to $3.2 billion. Though the current Zacks Consensus Estimate of 97 cents per share of earnings is above the company guidance, it translates into year-over-year growth of 5.15% […]

On Jan 12, AT&T, Inc. ( T ) conducted the first live, on-site trial demonstration of LTE Broadcast technology during the college football national championship game between Oregon Ducks and Ohio State Buckeyes at the AT&T Stadium in Arlington, TX. Long-Term Evolution (LTE), the most sought after next-generation (4G) super-fast wireless communications technology, is rapidly gaining global momentum […]

Pricing woes seem far from over and the gloomy outlook for the energy sector continues as crude oil projections are slashed further. Bearish on Oil A week after Citigroup ( C ) lowered its 2015 and 2016 crude oil projections, Goldman Sachs ( GS ) also followed suit. The firm believes that crude prices should remain low for a long period in order to ease out the supply glut. […]