Month: January 2015

New York-based global outsourcing service provider Broadridge Financial Solutions Inc. ( BR ) announced the completion of acquisition of TwoFour Systems LLC, a real-time foreign exchange solution provider to banks and broker-dealers, on Dec 30. The financial terms of the deal have not been disclosed. […]

Lexmark International Inc. ( LXK ), leading imaging and printing solutions provider, expanded its Perceptive Software business with the acquisition of Toronto-based medical image technology provider, Claron Technology Inc., in an all cash-deal worth $37 million. The company funded the acquisition through its non U.S.-based cash […]

The California Court of Appeal, Second District, recently repealed a $94 million verdict related to a wage-and-hour class action against multinational ABM Industries Incorporated ( ABM ). The judgment was initially granted by a California trial court in 2012. […]

The New Year did not bring any positive tidings for energy investors. West Texas Intermediate (WTI) crude fell below the psychologically important $50 per barrel mark for the first time in over five years. Brent crude also followed suit and dropped below $54 per barrel. […]

Salix Pharmaceuticals, Ltd. ( SLXP ) announced that its President and Chief Executive Officer (CEO), Carolyn Logan, has decided to step down from her position by the end of January. Carolyn Logan however will remain a consultant to the company […]

Prices of oil have begun the year just where they left off in 2014. The slide in crude continues unabated with WTI crude slipping below the $50-a-barrel mark on Monday for a short time. Additionally, Brent crude also fell below the $53 a barrel level, sparking fears that a spurt in oil production will lead to instability in energy markets across the world […]

The upscale women's clothing retailer, ANN Inc. ( ANN ) seems to be in troubled waters lately due to external pressures like weak mall traffic, a highly promotional retail environment and shipment delays on the west coast. Apart from these, the company is witnessing soft product performance in certain categories at its core Ann Taylor brand. […]

Last week, as part of its plan to continue boosting core operations, The Bank of New York Mellon Corporation ( BK ) completed the acquisition of Cutwater Asset Management, a wholly owned subsidiary of MBIA Inc. ( MBI ). Based in Armonk, NY, Cutwater is a fixed income and solutions specialist with approximately $22 billion in assets under management. […]

GoPro Inc. ( GPRO ) in collaboration with LG Electronics USA officially launched its GoPro Channel app for LG Smart TVs. The move is aimed at capitalizing on the prized webOS Smart TV technology of LG for offering GoPro’s immersive imagery video experience to millions of people. […]

On Jan 6, Zacks Investment Research upgraded coatings giant PPG Industries ( PPG ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade PPG Industries is seeing continued strength across North American automotive and aerospace markets and is well placed to gain from synergies from acquisitions and cost containment measures. PPG Industries is benefiting from healthy momentum across major end-use markets such as automotive OEM, automotive refinish and aerospace and continued demand recovery in Europe […]

Boston Beer Co. Inc. ( SAM ) has been gaining traction on the back of its robust brand portfolio, continuous strategic initiatives, growth endeavors and strong quarterly performances […]

Taking its store-expansion strategy further, Nordstrom Inc. ( JWN ) announced its plan to introduce a Rack store in Louisiana. […]