Month: January 2015

Fort Worth, TX based AZZ incorporated ( AZZ ) issued its revenue and earnings guidance for fiscal 2016 (Mar 1, 2015 to Feb 29, 2016). This company, in the diversified machinery space, projects fiscal 2016 earnings in the band of $2.75 and $3.25 per diluted share. […]

Kimberly Clark Corporation ( KMB ) is set to report fourth-quarter 2014 results before the opening bell on Jan 23. Last quarter, this consumer product giant posted a positive surprise of 4.55%. Let’s see how things are shaping up prior to the announcement. […]

On Jan 21, 2014, Zacks Investment Research downgraded Iao Kun Group Holding Company Limited ( IKGH ) to a Zacks Rank #5 (Strong Sell). The company has been witnessing downward estimate revisions after reporting disappointing Rolling Chip Turnover for the month of December on Jan 5, 2015. Why the Downgrade […]

Alnylam Pharmaceuticals, Inc. ( ALNY ) announced the pricing of its underwritten public offering of common stock worth $450 million. The company is looking to issue approximately 4.74 million shares of its common stock at a price of $95 per share. […]

CytRx Corporation ( CYTR ) received good news when the FDA removed the partial clinical hold on its oncology candidate aldoxorubicin. The company received a notice last month from the FDA about the partial clinical hold. As per the FDA’s notice, patients already enrolled in these studies were allowed to continue receiving treatment with aldoxorubicin or comparator drugs as per study protocols but new patients could not be enrolled until the partial clinical hold was lifted […]

Amazon.com Inc. ( AMZN ) recently announced that its Amazon Studios division will begin to “produce and acquire original movies." The first movies will go into production later this year. Amazon Studios is recognized for television series such as multi-Golden Globe winner "Transparent," Annie-nominated "Tumble Leaf" and "Mozart in the Jungle." It recently finalized the release date for the preliminary season of “Bosch,” its first hour-long original drama series […]

Great Plains Energy Incorporated ( GXP ), a producer of nearly 6,600 MW of energy from diverse sources, has resolved to lower greenhouse gas emissions for electricity generation. The company said that its unit, Kansas City Power & Light Company (“KCP&L”), will no longer burn coal at three of its coal-fired power plants, namely, Montrose Station, one of its units at Lake Road Station and two of its units at Sibley Station. However, the above decision will not impact Great Plains Energy’s employees at Montrose, Lake Road and Sibley. […]

ONE Gas, Inc. ( OGS ) declared a 7.1% sequential increase in the quarterly dividend rate. […]

Springfield, MA-based manufacturer of firearms, Smith & Wesson Holding Corporation ( SWHC ) raised its guidance for both the third quarter of fiscal 2015 (ending Jan 31, 2015) and fiscal 2015 (ending April 30, 2015). Following the announcement, Smith & Wesson’s stock surged 16.5% to close the trading session on Tuesday at $11.67. Positive trends in the firearms market and the company’s recent purchase of Battenfeld Technologies Inc. […]

Diners Club International, Ltd. a business unit of Discover Financial Services ( DFS ) and part of the Discover Global Network has signed an agreement with The Logic Group, the payment and loyalty specialist. The aim behind the strategic agreement lays clear – expanding Discover and Diners Club’s network globally […]

Northeast Utilities ( NU ) inked a supplemental agreement with Micromem Applied Sensor Technologies Inc., a subsidiary of Micromem Technologies Inc., in an attempt to further strengthen its expertise in transformer sensor technology. The latest deal is the extension of a $5.4 million joint development agreement, signed on Dec 11, 2013, between the two companies. Per the agreement, Northeast Utilities and Micromem Applied Sensor Technologies will jointly develop technologies to improve functions and durability of the utility transformer equipment using sensor technology. […]

Microsoft Corporation ( MSFT ) is set to reveal its first major Windows update under new CEO Satya Nadella today. In a do-or-die situation for the Redmond-based giant, it is probably its last chance to show the world that Windows still matters. […]

Teva Pharmaceutical Industries Limited ( TEVA ) received good news on the Copaxone front with the U.S. Supreme Court ruling in the company’s favor in its patent infringement lawsuit related to Copaxone 20 mg/ml. Teva had filed a patent infringement lawsuit against Momenta Pharmaceuticals, Inc. […]

Public safety technology provider TASER International Inc. ’s ( TASR ) shares climbed 6.11% yesterday after it disclosed new orders for its Axon cameras from three law enforcement agencies. This is the latest in a series of orders clinched by TASER following Obama's call to outfit police departments with body-worn video cameras […]

Shares of Cameron International Corp. ( CAM ) fell to a 52-week low of $42.04 on Jan 15. In fact, the Houston, TX-based oilfield machinery provider has seen its stock price plummet some 27% over the past three months. […]

Upstream energy firm Stone Energy Corporation ( SGY ) has released its operational and capital spending update. Let us first take a closer look at the company’s operational update. […]