Stock Analysts

Atmel Launches Novel Low-Power Bluetooth Solutions

Leading microcontroller and touch technology solutions provider Atmel Corporation ( ATML ) recently introduced an ultra-low power consuming Bluetooth Smart solution for the Internet of Things (IoT) market. The innovative BTLC1000 product is reportedly the best in the offing in the industry, achieving sub-1µA power consumption in standby mode and has proven to extend battery life by as much as one year. […]

Stock Analysts

SunTrust Q4 Results to Include New $145M Legal Reserve

In a regulatory filing with the Securities and Exchange Commission (“SEC”), SunTrust Banks, Inc. ( STI ) stated that its fourth-quarter 2014 results will include an additional legal reserve pertaining to legacy mortgage matters. As a result, the company’s results will include a legal provision expense of $145 million, thereby lowering its earnings by 17 cents per share […]

Mergers & Acquisitions

Sutherland Asset Management Corporation Launches Initial Public Offering

Sutherland Asset Management Corporation Launches Initial Public Offering PR Newswire NEW YORK, Jan. 6, 2015 NEW YORK , Jan. 6, 2015 /PRNewswire/ — Sutherland Asset Management Corporation (the “Company”) today announced that it has commenced an initial public offering of 8,064,500 shares of common stock of the Company, consisting of 6,048,375 shares being offered by the Company and 2,016,125 shares being offered by selling stockholders. […]

Stock Analysts

FirstEnergy Concludes Another Ohio Transmission Project

Electric utility provider FirstEnergy Corp. ( FE ) continues to add transmission lines across its service areas to meet the increasing demand for electricity on the heels of the shale gas boom. Akron, OH-based FirstEnergy announced the completion of new transmission projects worth $6 million in its subsidiary, Ohio Edison’s service area. […]

Mergers & Acquisitions

The Cutrale-Safra Groups Complete Acquisition of Chiquita

The Cutrale-Safra Groups Complete Acquisition of Chiquita Committed To Long-Term Enhancement of Chiquita as Strong Global Agribusiness Leader Vision for Chiquita Outlined: Commitment to Excellence in Customer Service, Organizational Simplicity and Efficiency in Business PR Newswire CHARLOTTE, N.C., Jan. 6, 2015 CHARLOTTE, N.C. , Jan. […]

Mergers & Acquisitions

Turnbrook Mining Limited – News Release

Turnbrook Mining Limited – News Release Canada NewsWire VANCOUVER, Jan. 6, 2015 VANCOUVER , Jan. 6, 2015 /CNW/ – Turnbrook Mining Limited (“TBML”) of Suite E-2, Union Court Building, Elizabeth Avenue and Shirley Street , PO Box N-8188, Nassau, Bahamas , announces, pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues , that on January 5, 2015 it acquired ownership of 50,786,039 common shares (the “Acquired Shares”) in the capital of Los Andes Copper Ltd. […]

Stock Analysts

Assurant: Restructuring Specialty Property with Unit Sale

Assurant Specialty Property, a unit of multiline insurer Assurant Inc. ( AIZ ) announced that it has divested its subsidiary, American Reliable Insurance Company, to Global Indemnity Group, Inc., a subsidiary of Global Indemnity plc ( GBLI ). The sale fetched Assurant $114 million in cash, which it expects to invest in high growth return business […]

Stock Analysts

Alliance Data Boosts Shareholder Value with $600M Buyback

The board of directors of Alliance Data Systems Corporation ( ADS ) approved a new share buyback program in a concerted effort to return more value to shareholders. The company, with the new approval, is now authorized to repurchase shares worth $600 million through 2015. The recent approval replaces the earlier authorization that had $182.5 million remaining […]