Month: January 2015

Italian oil major EniSpA’ s ( E ) stock price surprised with a marginal drop of 7% following the news that it has received a three-year extension to the exploration period from the Angolan authorities for its prolific Block 15/06. Located in offshore Angola, at a distance of about 350 kilometers north-west of the capital Luanda and 130 kilometers east of Soyo town – Block 15/06, was acquired by Eni in 2006 following an international bid round. The exploration period had originally terminated in Nov 2014. […]

Toyota Motor Corporation ( TM ) reported global sales of 10.23 million units in 2014, surpassing Volkswagen AG ( VLKAY ) and General Motors Company ( GM ) to become the leading automaker once again after 2012 and 2013. Volkswagen reported global sales of 10.14 million vehicles in 2014, rising 4% over 2013. General Motors reported record global sales of 9.92 million vehicles in 2014, up 2% from 2013. […]

It has been hard for the exploration and production companies to carry on their operations amid plunging oil prices for over six months. Many such entities have been forced to cut jobs to reduce their operating cost and protect profitability. And now, according to media releases, another company is following suit. […]

The shares of Cigna Corp. ( CI ) scaled a 52-week high of $109.24 on Jan 20, 2015. This bullish run came on the back of its continuous Collaborative Care Program deals. […]

RLI Corp . ( RLI ) is set to report fourth-quarter and full-year 2014 results on Jan 26. Last quarter, the company posted a 13.33% positive earnings surprise. […]

Mar Cor Purification, Inc., a subsidiary of Cantel Medical Corp. ( CMN ), recently received approval from the FDA for its MINNCARE HD high level disinfectant. MINNCARE HD disinfectant, a combination of peracetic acid and hydrogen peroxide, is biodegradable in nature, which allows easy disposal and helps to reduce adverse environmental impact […]

Oilfield services provider Oceaneering International Inc. ( OII ) announced receipt of a contract, last month, from integrated energy firm, Hess Corporation ( HES ). Per the deal, Oceaneering would provide umbilicals and umbilical distribution hardware for Hess’ Stampede Project, in the Gulf of Mexico […]

Increased 4G network rollout, new service launches and successful divestiture goals continue to propel growth for Orange ( ORAN ). While management’s efforts toward driving 4G expansion supports wireless growth in France and other key regions, low recovery in domestic economic conditions, sustained fixed access line erosion, stiff competition, labor concerns, lower mobile termination rates and unfavorable regulatory measures across the company’s key European markets pose considerable headwinds. […]

U.S. energy major Chevron Corp. ( CVX ) reported today that its Australian affiliate has entered into a deal with South Korea’s SK LNG Trading Pte Ltd for the sale of liquefied natural gas (“LNG”) from its Gorgon project […]

U.S. Bancorp ’s ( USB ) fourth-quarter 2014 earnings per share of 78 cents beat the Zacks Consensus Estimate by a penny. Moreover, results were above the prior-year quarter earnings of 76 cents […]

Abaxis, Inc. ( ABAX ), a California-based global provider of portable blood analyzers, recently reported that the Center for Veterinary Biologicals of the U.S. Department of Agriculture (USDA) has approved its VetScan FeLV-FIV Rapid Test Kit […]

ARIAD Pharmaceuticals, Inc. ( ARIA ) announced that the European Commission (EC) has sanctioned the Committee for Medicinal Products for Human Use’s (CHMP) recommendation regarding the use of Iclusig in its approved indications. With this endorsement, the European Article 20 review of Iclusig is complete […]

On Jan 21, 2015, Zacks Investment Research raised MRI compatible IV infusion pump systems provider IRadimed Corp. ( IRMD ) to a Zacks Rank #1 (Strong Buy). We believe that a positive 2015 outlook primarily drove the upgrade. […]

Fifth Third Bancorp 's ( FITB ) fourth-quarter 2014 earnings per share came in at 43 cents, marginally beating the Zacks Consensus Estimate of 42 cents. The reported figure came inline with the prior-year quarter earnings. […]

Homebuilders’ confidence, as indicated by the National Association of Home Builders (NAHB)/Wells Fargo housing market index, dipped a point in January from an upwardly revised 58 in Dec 2014. Nevertheless, the index reflects an optimistic outlook among builders for the upcoming quarters as any reading on this index above 50 indicates good housing conditions. […]