Month: January 2015

Covidien plc ’s ( COV ) Stellarex drug-coated balloon (DCB) has received the CE Mark approval in Europe. Designed to treat patients with peripheral arterial disease (PAD), Stellarex DCB is part of Covidien’s vascular product line. […]

On Jan 5, 2015, we have issued an updated research report on American Electric Power Co., Inc. ( AEP ). […]

Starbucks Corporation ( SBUX ) recently announced that its chief operating officer (COO), Troy Alstead, who has been with the company for 23 years, will go on an indefinite unpaid leave from March to spend time with his family. Starbucks did not mention when Alstead — who will serve as the COO till Mar 1, 2015 — will rejoin. Alstead has served as Starbucks’ chief financial officer and also led operations and development of Starbucks international business and its Europe, Middle East and Africa business unit. […]

ITT Corporation ( ITT ) has been making consistent efforts to strengthen its operational efficiency by executing diligent operational and cost-cutting initiatives. This is significantly fueling the company’s productivity. The company has directed its organic investments toward enhancing the efficiency and effectiveness of its Motion Technologies business […]

The Dow Chemical Company ( DOW ) has declared that it is partnering with LG Electronics (“LG”) for providing cadmium-free quantum dot technology in LG’s new Ultra HD TV with quantum dots, which was introduced at the Consumer Electronics Show 2015 in Las Vegas. According to In-kyu Lee, senior vice president and head of the TV and monitor division at LG Electronics Home Entertainment Company, collaboration with Dow will enable LG to enjoy the benefits of both Dow’s large-scale manufacturing facility and its knowledge expertise. On the other hand, Dow is also hopeful about this venture as it will enable the company to meet the requirements of the market as well as consumers. […]

On Jan 7, upstream energy firm Sanchez Energy ( SN ) provided an update on its 2015 capital spending and guidance. Capital Plan The company projects capital spending of about $600–$650 million in 2015, down approximately 60% from the earlier guidance of $1.15 billion. The current weakness in crude prices led to the drastic cut in the proposed spending […]

The Coca-Cola Company ( KO ) reportedly plans to lay off up to 1,800 employees to cut costs as it shifts to a more re-franchised model. Per media reports, the Atlanta-based beverage giant plans to cut 1,600 to 1,800 jobs at its corporate headquarters, as well as the North American and international divisions. The company has already started notifying the employees from Thursday. […]

At the International Consumer Electronics Show (CES) 2015, Intel Corporation ( INTC ) announced that it will increase the number of women and minority workers as part of its plan to create a more diverse global workforce over the next five years. To boost the diversity of its workforce, Intel’s Chief Executive Officer (CEO) Brian Krzanich plans to spend $300 million. He stated that the company will recruit women and underrepresented minorities at all levels of the company […]