Month: January 2015

A provider of engineered lifting solutions, Manitex International, Inc. ( MNTX ) has completed its previously announced acquisition of PM Group S.p.A. for $91 million (considering exchange rate movement) […]

Consolidated Edison ( ED ) announced that its board of directors has approved an increase in the quarterly dividend rate by 3.1%. The quarterly dividend will be 65 cents, up from the prior payout of 63 cents. […]

On Jan 16, we issued an updated research report on DaVita HealthCare Partners Inc. ( DVA ). DaVita’s preferred business strategy over the last several years has been the acquisition of dialysis centers and businesses that own and operate dialysis centers as well as other ancillary services. […]

Professional, technical and management support services provider, AECOM ( ACM ), recently received a concession contract from the Transport for London (“TfL”), a government agency of the UK. The contract requires the company to undertake the management and operation of the Fleet Operator Recognition Scheme (“FORS”), an accreditation scheme designed to enhance fleet activity across London and the UK on the whole. The initial tenure for the contract is five years, while there is an option to extend it by another two years […]

The Boeing Company ( BA ) received a whopping $3.6 billion order from Air Europa, a Spanish carrier, for 14 units of 787-9 Dreamliners. This is one of the largest orders received by Boeing for a widebody jet from a Spanish carrier. […]

BJ's Restaurants, Inc. ( BJRI ) recently announced preliminary results for fourth-quarter 2014, ended on Dec 30, 2014. The company’s revenues increased around 7.1% year over year to $213.9 million. […]

Unilever Plc ( UL ) is set to report fourth quarter 2014 results on Jan 20. Last quarter, the company delivered revenues of Euro 12.2 billion (*$15.4 billion), which declined 2% year over year (in local currency). Let's see how things are shaping up for this announcement […]

Shares of Best Buy Co., Inc. ( BBY ) tumbled 14% yesterday after the retailer alarmed investors by adopting a cautious stance for fiscal 2016 despite a good holiday sales report. Best Buy stated that its holiday sales were driven by excitement surrounding the launch of new products, such as Apple Inc.’s ( AAPL ) iPhone 6, hence it is unlikely that the momentum will sustain for long […]

Amgen ( AMGN ) announced that new data from the phase II PEAK study and the phase III PRIME study were presented at the 2015 American Society of Clinical Oncology (ASCO) gastrointestinal cancer symposium. Both the studies are evaluating the first-line use of Vectibix in combination with an oxaliplatin-based chemotherapy regimen, FOLFOX, in patients suffering from wild-type RAS (absence of exons 2, 3, or 4 KRAS or NRAS mutations) metastatic colorectal cancer (mCRC). Results from the PEAK study, which compared Vectibix plus FOLFOX treatment with Roche’s ( RHHBY ) Avastin plus FOLFOX, showed that a significantly higher proportion of patients in the Vectibix treatment group had earlier tumor shrinkage at week eight […]

On Jan 14, Zacks Investment Research upgraded Chubb Corp. ( CB ) by two notches to a Zacks Rank #1 (Strong Buy). Why the Upgrade […]

Solar panel manufacturer Yingli Green Energy Holding Company Limited ( YGE ), also known as Yingli Solar, announced that its subsidiary Yingli Energy (Beijing) Co., Ltd. has started to build a 20 megawatt (“MW”) solar power plant in China's Xinjiang Province. Yingli Solar already has more than 100 MW of solar plants in this province. […]

World’s leading money-transfer company, Western Union Co. ( WU ), announced that it will provide its Direct to Bank service from the U.S. to Mexico, through Grupo Financiero Banorte’s UniTeller network. […]

Specialty retailer Keurig Green Mountain Inc. ( GMCR ) is leaving no stone unturned to maintain its dominance in the single-serve coffee category. Recently, Keurig Green Mountain and GE Appliances ( GE ) collaborated to develop GE café Series refrigerator with Keurig Brewing system The new system claims to provide filtered water (minus 98% of five trace pharmaceuticals) without refilling […]