Month: January 2015

Rumor has it that search giant Google Inc. ( GOOGL ) is in talks to acquire Softcard, a mobile-payments service, in a bid to boost its Wallet and compete against Apple ( AAPL ) Pay. What is Softcard […]

America Movil S.A.B. de C.V. ’s ( AMX ) significant subscriber gain, healthy wireless data service demand and strong momentum in the PayTV segment will drive the company’s revenues higher in the coming quarters. […]

Recently, U.S. telecom behemoth AT&T Inc. ( T ) completed the acquisition of Iusacell, the third largest wireless service provider in Mexico. […]

As per recent Reuters report, China Telecom Corp. Ltd. ( CHA ), the third-largest telecom carrier of China, is mulling over a possible investment opportunity in Mexico. […]

Great Lakes Dredge & Dock Corporation ( GLDD ) was awarded a $23.4 million contract for coastal storm risk management project in New York with an additional $11.2 million in options to construct a beach berm and dune at Fire Island Inlet to Moriches Inlet. Fire Island is the large center island of the outer barrier islands parallel to the south shore of Long Island, NY. The Island is also known as barrier island that helps protect back-bay communities along Great South Bay and Moriches Bay […]

Roche ( RHHBY ) announced that it will acquire privately-held French biotechnology company Trophos. Trophos is developing its pipeline candidate olesoxime (TRO19622) for spinal muscular atrophy (SMA), a rare and debilitating genetic neuromuscular disease commonly diagnosed in children. As per the terms of the agreement, shareholders of Trophos will receive an upfront cash payment of €120 million, plus milestone payments of up to €350 million […]

ArcelorMittal ( MT ) announced that its unit ArcelorMittal Zenica is investing €4.65 million (around $5.4 million) to further expand its production facilities. Once the project is complete, the new facilities will produce high density coils of re-inforcement bars (rebar) which will considerably reduce the cost of finishing. The production of rebar in coil in the Balkan region will increase the market share of ArcelorMittal Zenica in southeast Europe and also extend its product range. […]

On Jan 14, 2015, we issued an updated research report on TRW Automotive Holdings Corp. ( TRW ). This Zacks Rank #3 (Hold) stock had reported a positive earnings surprise of 3.6% in the last reported quarter. […]

Industrial gas producer and supplier, Praxair Inc. ( PX ), recently announced changes in the exchange rates used for converting the results of its Venezuelan business. This change will adversely impact its fourth-quarter 2014 and 2015 results […]

Is The Kroger Co. ( KR ) part of your portfolio? […]

AbbVie’s ( ABBV ) all-oral, short-course, interferon-free hepatitis C virus (HCV) treatment is now approved in the EU under the trade name Viekirax + Exviera. The treatment can be used with or without ribavirin (RBV) in patients with genotype 1 (GT1) chronic HCV infection, including those with compensated liver cirrhosis. EU approval was largely expected as the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) had issued a positive opinion late last year […]

As a part of its ongoing global expansion strategy, Avis Car Rental, a unit of Avis Budget Group Inc. ( CAR ), opened its 12th rental station in Singapore at the Business Centre located at the lobby of Orchard Hotel. With this facility, the company expects to log additional bookings that will help in achieving persistent growth in Singapore along with meaningful profits. […]

Metals processor Worthington Industries ( WOR ) has wrapped up its earlier announced acquisition of Rome, N.Y-based Rome Strip Steel Company, Inc. Financial terms of the deal were not disclosed. […]

On Jan 16, 2014, we issued an updated research report on Sysco Corporation ( SYY ). This global food products maker and distributor reported better-than-expected first-quarter fiscal 2015 results on Nov 11. Sysco reported adjusted earnings of 52 cents in the first quarter, beating the Zacks Consensus Estimate of 50 cents by 4% and prior-year earnings by 6.1%. […]

Ford Motor Co. ( F ) announced that it is increasing the production of its top-selling vehicles at the Saarlouis and Cologne assembly plants in Germany. The automaker is taking this step in order to satisfy the rising demand for top-selling vehicles along with the expected increase in industry sales in the first half of 2015. […]

Is Constellation Brands Inc. ( STZ ) part of your portfolio? If not, then this is the right time to add the stock as it looks very promising […]

On Jan 16, 2015, we issued an updated research report on RenaissanceRe Holdings Ltd. ( RNR ). […]

ExxonMobil Corporation ’s ( XOM ) affiliate ExxonMobil PNG Limited has inked an agreement with the government of Papua New Guinea (“PNG”) to provide about 20 million cubic feet per day of domestic natural gas for two decades. ExxonMobil PNG Limited operates the PNG LNG Project. The agreement is in line with the government’s strategy to increase the capacity and consistency of the country’s power supply […]

Paints and coatings company The Valspar Corporation ( VAL ) declared that it has priced its underwritten public offering worth $500 million aggregate principal amount of Senior Notes. The company has agreed to sell $250 million of the aggregate principal amount of 3.300% notes, due 2025 and the other $250 million of 4.400% notes, due 2045. […]

Premium agro-chemical producing firm, Monsanto Company ( MON ), has decided to boost its corporate operations with a $365 million public debt offering on Jan 16, 2015. The senior notes against debt hold an interest rate of 4.3% and are due for maturity in 2045. Monsanto has historically expanded its business on the back of innovative and genetically-tailored herbicides and seeds. […]