Month: January 2015

Recently, Ryland Group Inc. ( RYL ) unveiled a model home namely The Augustine in a new community called Marketplace Commons in Cumming, GA. Marketplace Commons homes are priced from $290,000s […]

On Jan 19, we issued an updated research report on PPG Industries ( PPG ). The Pennsylvania-based coatings giant is well placed to gain from continued strength across North American automotive and aerospace markets, synergies from acquisitions and cost-saving measures. PPG Industries’ adjusted earnings for fourth-quarter 2014, reported on Jan 15, topped the Zacks Consensus Estimate. […]

Newmont Mining Corporation ( NEM ) has sold its mining and surface use rights to around 1,600 acres of new long-term mining leases and 74 unpatented lode mining claims consisting of roughly 1,300 acres, to Pershing Gold Corporation. Newmont received an amount of $6 million in the entire transaction. The deal is inclusive of the takeover of a 20-year new mining lease acquired from New Nevada Lands, LLC, and New Nevada Resources, LLC. […]

Marriott International, Inc. ( MAR ) expects its collection of hotels — operational or in the pipeline — to exceed 1 million rooms by 2015-end. Further, the hotels in the pipeline, once unveiled, will generate in excess of $50 billion in real estate investment globally by Marriott's partners and create more than 150,000 jobs. […]

Mining giant BHP Billiton Limited ( BHP ) recently reported strong performance for the first half of fiscal 2014 (ended Dec 31, 2014). The company achieved record yield in five commodities and eight operational facilities. […]

Meredith Corporation ( MDP ) has boosted the rate base of its Allrecipes Magazine by about 120% to 1.1 million, driven by outstanding customer response, starting from the Feb/Mar 2015 issue. This is the brand’s third rate base increase, since its launch in Nov 2013 with an original rate base of 500,000. This diversified media company has been doing an excellent job with Allrecipes, magazine industry's first large-scale digital-to-print brand extension […]

Just three days after the acquisition of Grupo Iusacell, the third largest wireless operator in Mexico, AT&T Inc. ( T ) initiated services which allow unlimited calling from the U.S. to any number in Mexico without imposing any additional charge […]

On Jan 20, Private Bancorp, Inc. ( PVTB ) announced the completion of sale of its Norcross branch to Heritage Financial Group, Inc. […]

Cigna Corp. ( CI ) has signed a host of collaborative care deals in a single trading session. This move by the company comes with the common motive of improving patient access to health care, enhancing care coordination and boosting the quality of care at affordable prices […]

Activist hedge fund Starboard Value LP, in an official letter to Staples, Inc. ( SPLS ), has urged management to consider a strategic merger with rival Office Depot, Inc. ( ODP ) to ensure higher profitability and greater shareholder return […]

As a part of its efforts to provide Internet access for the entire world through satellites, search giant Google Inc. ( GOOGL ) together with Fidelity Investments has invested $1 billion in Space Exploration Technologies Corp., a rocket making startup run by billionaire Elon Musk. […]

Delighting its shareholders, Realty Income Corporation ( O ), a real estate investment trust (REIT), has announced a hike of 3% in its monthly dividend rate to 18.9 cents from 18.34167 cents paid earlier. Recently another retail REIT, EPR Properties ( EPR ), announced an increase of over 6% in its monthly dividend rate. […]

Wal-Mart Stores Inc .( WMT ) has launched a new service called Walmart Direct2Cash, which will allow customers to pick up their tax refunds in cash at nationwide stores. Walmart Direct2Cash will help customers save their money when compared to traditional tax refund options, as the retailer will not charge a fee for the cash refund compared to a maximum of $7 charged at the time of filing for the service. […]

Valeant Pharmaceuticals International, Inc . ( VRX ) announced that its wholly owned subsidiary, Bausch + Lomb, has received a 510(k) clearance from the FDA for its imaging system. The FDA cleared Bausch + Lomb’s advanced Swept Source OCT (Optical Coherence Tomography) imaging system and updated software for its Victus femtosecond laser platform that will provide surgeons with a new, redesigned interface. […]

Ford Motor Co. ( F ) has officially launched the all-new 2015 Ford Mustang for its global customers in more than 100 markets. […]

Immunomedics, Inc ., ( IMMU ) announced data from its lead investigational antibody-drug conjugate (ADC) sacituzumab govitecan from a phase I/II study. Data from the study showed that sacituzumab govitecan produced partial response in some patients suffering from metastatic esophageal and colorectal cancers, who were heavily pretreated. Immunomedics developed sacituzumab govitecan by conjugating SN-38, the active metabolite of Pfizer’s ( PFE ) Camptosar (irinotecan), at a high drug-to-antibody ratio […]

An Exelon Corporation ( EXC ) subsidiary, Constellation Energy Resources, LLC., inked an agreement to acquire seven compressed natural gas (CNG)-fueling stations in the Midwest from CNG Fuel, Inc. Fort Wayne, IN-headquartered CNG Fuel, Inc. […]