Month: January 2015

Qualcomm Inc. ( QCOM ), the largest manufacturer of wireless semiconductor globally, is in troubled water at present. Recently, Bloomberg reported that Samsung Electronics Co., has decided to use its own microprocessor in its upcoming next-version of Galaxy S smartphone instead of Qualcomm’s 810 Snapdragon chipset […]

The Dow Chemical Company ( DOW ) has announced that it is launching the Hypertherm 2399 Resin for domestic and commercial hot and cold water plumbing pipes at 2015 International Builders' Show. This allows easy bending and installation of plastic pipes in water. Pipes made with Hypertherm 2399 resin have been able to address the challenge of turning joints when installing copper, steel and rigid plastic pipes. […]

Cosmetics giant Estée Lauder Companies Inc. ( EL ) is geared to boost its presence in the premium makeup category through strategic acquisitions. […]

Hospira, Inc. ( HSP ) announced that it has received 510(k) regulatory clearance for the Plum 360 infusion system with Hospira MedNet safety software from the FDA. The Plum 360 infusion system builds on the unique air management and secondary delivery features of Plum A+, while expanding its drug library and wireless capability to enable streamlined electronic medical record integration […]

Shares of Nasdaq OMX Group Inc. ( NDAQ ) rose 0.4% in the last two trading sessions, following the announcement of a strategic alliance with Japan Exchange Group (JPX). […]

Electric utility provider, Dominion Resources, Inc. ’s ( D ) subsidiary, Dominion Virginia Power, has recently filed a petition with Virginia State Corporation Commission (VSCC). The application was made for building the first large-scale solar facility in Virginia. […]

Kinross Gold Corporation ( KGC ) announced that it has extended its offer to exchange up to $500 million principal amount of its 5.95% senior notes, due 2024, to Jan 23, 2015. The Notes (the "New Notes"), which are registered under the Securities Act of 1933, will be exchanged for all of the company’s outstanding unregistered 5.95% senior notes due 2024 (the "Old Notes"). The offer, previously set to expire on Jan 19, 2015, will now expire on Jan 23, 2015. […]

Bristol-Myers Squibb Company ( BMY ) announced certain leadership changes approved by its board of directors including the appointment of Giovanni Caforio as the new chief executive officer (CEO) of the company. These changes will be effective at the close of the annual Shareholders’ Meeting on May 5. Caforio joined Bristol-Myers Squibb in 2000 and has been a part of the company’s board of directors from last year […]

We believe product introductions, broadband expansion, cash flow management through operating expense control and acquisition of AT&T’s wireline operations in Connecticut should prove accretive for Frontier Communications Corporation ( FTR ) in the coming quarters. However, the backhaul revenue pressure and integration costs will continue to weigh on the company’s earnings. Frontier is now focused more on customer retention, market share gain, new product launches, broadband expansion as well as sales and marketing initiatives […]

Bayer ( BAYRY ) announced that the label for its anticoagulant drug Xarelto will now include specific guidance for doctors treating patients with non-valvular atrial fibrillation (AF) undergoing cardioversion in Europe. The updated label will provide physicians with important information on the clinical utility of Xarelto in patients with AF who require cardioversion. The label update was based on a positive opinion from the Committee for Medicinal Products for Human Use issued last month. […]

Aaron's, Inc. ( AAN ) declared a host of management changes in its wholly owned subsidiary, Progressive Leasing, in order to take the division forward on its growth trajectory. […]

Alcatel-Lucent ( ALU ) recently joined hands with Etisalat Group to install its virtualized radio access network (‘vRAN’) controller in the latter’s access network across the United Arab Emirates and Sri Lanka. Encouragingly, shares of Alcatel-Lucent rose around 2% during the regular trading session on Jan 20 on the NYSE, following this news. The collaboration will enable Alcatel-Lucent to boost industry development of network functions virtualization (‘NFV’) […]

Spectrum Brands Holdings, Inc. ( SPB ) declared that it has purchased Salix Animal Health, LLC, a privately held dog food supply company, in an all-cash deal, in order to strengthen its Pet food segment further. […]

Per a media report, the TOTAL S.A. ( TOT ) management has decided to cut 2015 capital investment in response to falling oil prices. […]

With the aim of catering to the demand of big game fans, Southwest Airlines Co. ( LUV ) has decided to flag off non-stop flights to Phoenix Sky Harbor International Airport, connecting Seattle, Boston and Manchester, NH airports, between Jan 29 and Feb 2. Phoenix hosts all four major sporting events in the U.S. […]