Indianapolis, IN-based retail real estate investment trust (“REIT”) – Simon Property Group Inc. SPG – announced the total investment of $250 million toward the enhancement of the shopping experience at The Galleria, the largest shopping center in Texas and the fourth largest in the U.S. In fact, Simon Property intends to invest $30 million for renovation of the luxury wing of The Galleria. […]
Southeast bank Popular, Inc. ’s BPOP subsidiary, Banco Popular de Puerto Rico,(“BPPR”), acquired the banking operations of its Puerto Rico-based rival, Doral Bank. Reportedly, the company took over Doral’s deposits and assets through a bidding process conducted by the Federal Deposit Insurance Corporation (“FDIC”) […]
Share price of Mondelez International, Inc. MDLZ moved up 1% on Friday after it announced plans to sell its interest in a Japanese coffee joint venture to its partner Ajinomoto Co., Inc. for pre-cash tax proceed of 27 billion yen. […]
Dominion Resources, Inc .’s D operating subsidiary, Dominion Virginia Power has filed a request with Virginia State Corporation Commission (“VSCC”) to reduce monthly electric bills for residential customers in Virginia. The rate cut request emanated from lower fuel costs for the company. […]
Shares of Endurance Specialty Holdings Ltd. ENH gained 0.9% in the last trading session after its board of directors approved a 2.9% increase in its quarterly dividend to 35 cents per share. The Bermuda-based property and casualty insurer and reinsurer will pay the new dividend on Mar 31, 2015 to shareholders of record on Mar 17. […]
On Feb 27, we issued an updated research report on steel maker AK Steel AKS . While the company is well placed to gain from strength in the automotive market, its acquisition of Severstal Dearborn and strategic raw material investments, it is exposed to a volatile pricing environment and high levels of steel imports. […]
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. BHI reported another massive fall in the U.S. […]
Ushering in good news for its operating platform, Cousins Properties Inc. CUZ announced 2 two large lease extensions in Houston, TX with Direct Energy and Cox Radio, encompassing a total space of 216,000 square feet. The extensions bring relief to the company as they help offset a significant part of its near-term exposure as well as lease at rents that are above the current in-place rents. […]
Communications technology and services giant Ericsson ERIC recently announced a joint venture with Telstra Corporation Ltd. TLSYY , a leading Australian mobile broadband operator, for developing 5G standards and technologies. The two companies have decided to work on 5G radio access and core network innovation in order to strengthen 5G trials. […]
Stephen A. Schwarzman, the founder and Chief Executive Officer (CEO) of The Blackstone Group L.P. BX , received $690 million as annual pay for 2014. […]
Essex Property Trust Inc. ESS has enhanced its portfolio with the purchase of an apartment community – 8th & Hope – in downtown Los Angeles for $200 million as a contract price. […]
Robbins Arroyo LLP: Acquisition of Mavenir Systems, Inc. (MVNR) by Mitel Networks Corporation (MITL) May Not Be in Shareholders’ Best Interests PR Newswire SAN DIEGO and RICHARDSON, Texas, March 2, 2015 SAN DIEGO and RICHARDSON, Texas , March 2, 2015 /PRNewswire/ — Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Mavenir Systems, Inc. (NYSE: MVNR) by Mitel Networks Corporation (NASDAQ: MITL). […]
Service King Expands in Chicago, Acquires Central Collision Centers’ Six Locations Service King now operates 13 locations in the Chicago area and 229 nationwide PR Newswire RICHARDSON, Texas, March 2, 2015 RICHARDSON, Texas , March 2, 2015 /PRNewswire/ — Service King Collision Repair Centers, an industry leading multi-state operator of high-quality collision repair services, announced today continued expansion in Chicago with the acquisition of Central Collision Centers. Service King now offers customers premier collision repair services at 13 locations in the Chicago metro area. […]
[marketwatch 7FC125BB-BC20-42D1-9168-1601A8ABB75B] Nasdaq Hits 5000 Milestone; What’s Next? […]
Robbins Arroyo LLP: Acquisition of Aruba Networks, Inc. (ARUN) by Hewlett-Packard Company (HPQ) May Not Be in Shareholders’ Best Interests PR Newswire SAN DIEGO and SUNNYVALE, Calif., March 2, 2015 SAN DIEGO and SUNNYVALE, Calif. , March 2, 2015 /PRNewswire/ — Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Aruba Networks, Inc […]
Violin Memory, Inc. VMEM is slated to report fourth-quarter 2015 results on Mar 5. In the last reported quarter, Violin recorded an earnings surprise of 0.00% […]
Apple Inc. AAPL has yet again throttled the smartphone industry. According to a report by Strategy Analytics, last quarter Apple’s iPhone grabbed a robust 89% share of global smartphone profit, while companies relying on Google GOOGL Android saw their share of profits plummet to a meager 11%. […]
Smith & Wesson Holding Corporation SWHC is scheduled to report third-quarter fiscal 2015 results after the market closes on Mar 3, 2015. The gun maker has a decent earnings history. It has beaten estimates in the last four quarters, delivering an average positive surprise of 15.82%. […]
Ascena Retail Group Inc. ASNA , a specialty retailer offering clothing for women as well as teen girls and boys, is slated to report second-quarter fiscal 2015 results on Mar 3. In the last quarter, the company had delivered a positive earnings surprise of 3.7%. […]
Biogen Idec BIIB and Swedish Orphan Biovitrum AB (Sobi) announced positive top-line results from a global, open-label, multicenter phase III study (Kids B-Long) on Alprolix for the treatment of children under age 12 suffering from severe hemophilia B. The Kids B-LONG study evaluated the safety, efficacy and pharmacokinetics of Alprolix. […]
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