Independent exploration and production company, Concho Resources Inc. ( CXO ) cut its 2015 capital expenditure outlook to $2.0 billion from its prior outlook of $3.0 billion. […]
Offshore oil and gas-focused engineering and construction firm, McDermott International ( MDR ) declared that it has entered into a deal with Mexico’s state-controlled oil giant Petróleos Mexicanos or PEMEX. Per the agreement, McDermott is expected to install deck, piles and offshore jacket for the Ayatsil-A drilling platform located at Bay of Campeche Ayatsil oil field. […]
Cyient to acquire majority stake in Rangsons Electronics Strengthens end-to-end capabilities in integrated engineering, design and production PR Newswire HYDERABAD, India, Jan. 6, 2015 HYDERABAD, India , Jan. […]
Alert Logic Acquires Critical Watch for Enhanced Security Scanning and Analytics Capabilities Dallas-Based Critical Watch Brings 14 Years of Security Expertise and Innovation in Cloud IT Solutions PR Newswire HOUSTON, Jan. 6, 2015 HOUSTON , Jan. […]
On Jan 3, 2015, Zacks Investment Research downgraded The Mosaic Company ( MOS ) to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold). Why the Downgrade? Share price of Mosaic has been witnessing a volatile trend over the past one month. […]
Shares of Pacific Drilling SA ( PACD ), an offshore drilling contractor, fell more than 10% on the NYSE to touch a 52-week low of $4.22 on Jan 5. The decline followed a fresh oil price slump. Most importantly, the company’s shares plunged roughly 57% during the last six months […]
TriMas Corporation ( TRS ) has declared its decision to shift a part of its gasket and fastener operations to a new site in Mexico from its Lamons Houston facility. This shift is expected to improve the Lamons global operating model and boost the competitive spirit of its business. […]
Wireless service provider United States Cellular Corp. ( USM ) – a subsidiary of Telephone and Data Systems Inc. ( TDS ) – has announced that Samsung's latest smartphone, the Galaxy Note Edge, will now be available with the carrier effective Jan 7, 2015 […]
The trend of rising U.S. light-vehicle sales continued for the fifth consecutive year in 2014 as sales increased 6% year over year to 16.53 million units in 2014. The strong results were driven by record high sales by 13 brands […]
In an attempt to expand its global index business and exchange traded funds (ETFs) portfolio, Nasdaq OMX Group Inc. ( NDAQ ) inked a strategic deal to buy Virginia-based leading private investment advisory firm – Dorsey, Wright & Associates (DWA). The acquisition is valued at $225 million and is expected to culminate by Mar 2015 […]
Medical device major, Medtronic, Inc. ( MDT ), can now sell its IN.PACT Admiral drug-coated balloon (DCB) in the U.S. market, following the receipt of the U.S […]
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Zacks Investment Research downgraded shares of CSI COMPRESSCO (CCLP) from NEUTRAL to UNDERPERFORM on January 06, 2015, with a target price of $13.30. CSI Compressco LP offers compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Its equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and engine-driven oilfield fluid pump systems designed […]
Zacks Investment Research downgraded shares of EPLUS INC (PLUS) from OUTPERFORM to NEUTRAL on January 06, 2015, with a target price of $78.90. ePlus Inc. serves as the parent holding company for ePlus Group, Inc., ePlus Technology of NC, Inc., ePlus Technology of PA, Inc., ePlus Technology, Inc., ePlus Government, Inc., ePlus Capital, Inc., ePlus Systems, Inc., ePlus Content Services, Inc and MLC Leasing, S.A. […]
Zacks Investment Research downgraded shares of EPAM SYSTEMS (EPAM) from OUTPERFORM to NEUTRAL on January 06, 2015, with a target price of $55.00. EPAM Systems, Inc. […]
DKN Hotels Expands Portfolio with Acquisition of Wyndham Garden Ventura Pierpont Inn PR Newswire IRVINE, Calif., Jan. 6, 2015 IRVINE, Calif. , Jan […]
Generational Equity Announces Sale of Lone Star Mfg., LLC to Texas Contract Manufacturing Group, Inc. PR Newswire DALLAS, Jan. […]
The shares of all big defense contractors suffered across the board over the last five trading sessions. The holiday spirit led to very few major events being reported in the defense space. This did not deter Lockheed Martin Corp. […]
Immunomedics, Inc. ( IMMU ) announced that the FDA has issued a notice granting fast track status to the development program on its lead antibody-drug conjugate (ADC) candidate, sacituzumab govitecan. The company is evaluating sacituzumab govitecan for the treatment of triple-negative breast cancer (TNBC) in patients who have failed prior therapies for metastatic disease […]
Shares of Zimmer Holdings, Inc. ( ZMH ) achieved a new 52-week high of $117.19 on Jan 5. The bullish run reflects the company's focus regular product launches, the strategic acquisition of Biomet and impressive third-quarter 2014 results […]
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