The U.S. Energy Department's weekly inventory release showed that crude stockpiles recorded a surprise build on higher imports and production. The report further revealed that refined product inventories – gasoline and distillate – both increased from their previous week levels. […]
On Jan 14, Zacks Investment Research upgraded MGIC Investment Corp. ( MTG ) by a notch to a Zacks Rank #1 (Strong Buy). Why the Upgrade […]
On Jan 14, 2015, Zacks Investment Research downgraded Melco Crown Entertainment Limited ( MPEL ) to a Zacks Rank #5 (Strong Sell). Estimates for the company have been declining over the last 60 days. The downward revisions are the result of consistent sluggish revenues in Macau since Jun 2014 and a bleak revenue outlook for Jan 2015. […]
Leading residential solar service provider, SolarCity Corporation ( SCTY ) has tied up with Credit Suisse Group AG ( CS ) to launch a new non-recourse solar financing facility worth $200 million. This facility is aimed at assisting customers in purchasing solar energy systems through the company’s new “MyPower” loan program. San Mateo, CA based SolarCity launched its MyPower loan plan in Oct 2014 […]
Renowned consumer goods firm Pilgrim's Pride Corporation ( PPC ) has taken a step forward to increase its shareholders’ value through a special cash dividend of $5.77 per share. This initiative comes in the wake of the company’s capital structure and shareholder value increment strategy. As per the company’s claims, it would offer $1.5 billion worth of special dividend based on its current shares outstanding […]
Sarepta Therapeutics Inc . ( SRPT ) announced that it has initiated dosing its first patient in a phase I/II study on SRP-4053. The candidate is being evaluated for Duchenne muscular dystrophy (DMD). […]
On Jan 14, 2015, Zacks Investment Research upgraded Cyberonics Inc. ( CYBX ) – a medical technology company with core expertise in neuromodulation – to a Zacks Rank #2 (Buy). Why the Upgrade […]
Health insurer UnitedHealth Group Inc. ( UNH ) announced that it has won a big southeast Wisconsin insurance contract from The Business Health Care Group. Business Health Care Group was formed almost a decade ago by the CEOs of some of Milwaukee’s largest corporations that were faced by health care cost increases and a higher cost of health care in the region. […]
[marketwatch DE4B7C91-4FAA-4AA6-BE00-A301DD53410F] U.S. Eases Trade Restrictions With Cuba […]
Depomed to Acquire U.S. Rights to NUCYNTA (tapentadol), NUCYNTA ER (tapentadol) extended release tablets and NUCYNTA (tapentadol) Oral Solution from Janssen Pharmaceuticals, Inc. for $1.05 billion Conference call today at 5:00 p.m. […]
Shares of DDR Corp. ( DDR ) scaled a new 52-week high of $19.55 on Jan 14. […]
On Jan 14, shares of Dr Pepper Snapple Group Inc. ( DPS ) reached a 52-week high of $74.87, eventually closing at $74.81. […]
Norway-based major international integrated oil and gas company, Statoil ASA ( STO ) has returned three out of its four Greenland offshore oil and gas exploration licenses due the relentless fall in oil prices. Crude prices have fallen in excess of $60 since June to near $45 levels. The company had earlier announced that it would cut back on its Arctic exploration efforts, one of its priority areas, to control capital spending […]
The Transportation sector has seen its overall growth estimates rise again and again over the past few months. The main reason for the increasing estimates is the declining cost of oil, one of the major cost inputs for every transportation company in the segment. In July oil had peaked, but then began to lose value month over month till late November when it dropped below the $75 level […]
Ushering in good news for its shareholders, Omega Healthcare Investors Inc. ( OHI ) announced a 1.9% hike in its quarterly dividend rate to 53 cents from 52 cents paid earlier. The new dividend will be paid on Feb 16, 2015 to shareholders of record as on Feb 2 […]
Silver Standard Resources Inc. ( SSRI ) has posted fourth quarter and full-year 2014 operational update for its Pirquitas mine in Jujuy, Argentina and Marigold mine Nevada, U.S.. It has also provided its production and cost guidance for 2015 […]
On Jan 14, 2015, we issued an updated research report on North American energy firm, Williams Companies Inc. ( WMB ). The midstream assets of the company are less sensitive to commodity prices, which should favor investors amid low gas and oil prices. […]
Though last week hasn’t been to eventful for telecom companies, Sprint Corp. ( S ) and T-Mobile US Inc. […]
On Jan 13, oilfield services provider Oceaneering International Inc. ( OII ) announced that it has entered into a charter agreement with Shell Offshore Inc., for the vessel – Ocean Alliance. Shell Offshore Inc […]
Apache Corporation ( APA ), a U.S. energy firm, will lay off nearly 5% of its global workforce this week, as per a company spokesperson. The relentless decline in oil has compelled the firm to take this decision […]
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