Month: January 2015

Mergers & Acquisitions

IGT Schedules Special Shareholder Meeting for February 10, 2015 to Vote on Approval of the Merger Agreement with GTECH

January 2, 2015 0

IGT Schedules Special Shareholder Meeting for February 10, 2015 to Vote on Approval of the Merger Agreement with GTECH PR Newswire LAS VEGAS, Jan. 2, 2015 LAS VEGAS , Jan. 2, 2015 /PRNewswire/ — International Game Technology (“IGT”) announced today that a special meeting of its shareholders has been scheduled to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company GTECH S.p.A., a joint stock company organized under the laws of Italy (”GTECH”), GTECH Corporation, a Delaware corporation (”Gold US Sub”), Georgia Worldwide PLC, a public limited company organized under the laws of England and Wales (”Holdco”) and Georgia Worldwide Corporation, a Nevada corporation (”Sub”), with IGT becoming a wholly owned subsidiary of Holdco upon consummation of the merger […]

Stock Analysts

Apple Faces Suit for Offering Lower-than-Promised Storage

January 2, 2015 0

Apple, Inc. ( AAPL ) has been reportedly accused of falsely advertising the storage capacity available in its iPhones, iPads and iPods. Reportedly, a lawsuit in the northern district of California has been filed accusing the company of not mentioning the storage capacity of its iOS8 devices during marketing and promotions […]

Stock Analysts

KB Home’s (KBH) New Openings Reflect Market Optimism?

January 2, 2015 0

The new home construction market recovered at a steady pace in the second half of 2014 after a slump at the beginning of the year thanks to overall economic growth, improving job numbers, growing consumer confidence, moderating home prices, stabilizing mortgage rates and a low level of housing inventory. Homebuilders in general seem quite optimistic about improving demand in the future. This spirit is also reflected in the way KB Home ( KBH ) has unveiled a series of new communities through Dec 2014. […]

Stock Analysts

Southwestern Energy Hits 52-Week Low on Higher ’15 Capex

January 2, 2015 0

Shares of independent natural gas operator Southwestern Energy Company ( SWN ) fell about 2% on the NYSE to slip to a 52-week low of $26.75 on Dec 31. The decline followed the company’s most recent announcement that it will increase its 2015 capital expenditure amid a weak natural gas pricing environment. What Led to the Share Price Decline […]

Stock Analysts

Will Keurig Green Mountain’s Brewer Boost Growth in 2015?

January 2, 2015 0

Specialty retailer Keurig Green Mountain Inc. ( GMCR )’s K-Cups and the Vue packs (portion packs used for brewing single serve coffee in Keurig brewers) form an important part of the company’s sales. Keurig Green Mountain derived 84% of its sales from K-Cups and Vue packs in the recently concluded fiscal 2014 earnings results. […]

Stock Analysts

RedHill’s Bekinda Accepted for Review in the EU, Shares Up

January 2, 2015 0

Shares of RedHill Biopharma Ltd. ( RDHL ) received a significant boost after the company announced that the UK Medicines and Healthcare Products Regulatory Agency has validated its Marketing Authorization Application for its pipeline candidate Bekinda (RHB-102) for the prevention of chemotherapy- and radiotherapy-induced nausea and vomiting (CINV and RINV, respectively). The agency initiated the formal review process on Dec 30, 2014 and a response is expected during second half of 2015 […]