The government of Mexico recently slashed its planned expenditure from $10 billion to $7 billion for the proposed deployment of nationwide wholesale mobile network over the next 10 years. In 2014, the government had undertaken this massive project to instil competition in the highly monopolistic telecom industry. […]
On May 29, we issued an updated research report on American Financial Group, Inc. AFG . The company is a specialty insurer which operates its business under the brand name Great American Insurance Group […]
France-based global telecommunications service provider, Orange SA ORAN recently received green signal from the Spanish Securities Commission (CNMV) for its proposed takeover of Jazztel Plc., a leading provider of broadband services along with fixed-line and mobile phone services to enterprises and consumer markets in Spain. Notably, the European Union’s (EU) regulatory commission also provided a conditional approval for this deal a week ago. Jazztel boasts around 1.4 million broadband and fixed-line connections along with 1.16 million mobile users. […]
Aon plc ’s AON consumer and program business – Aon Affinity – has recently entered into a collaboration agreement with AXIS Insurance, a business segment of AXIS Capital Holdings Limited AXS . Per the deal, AXIS Insurance will provide underwriting service to Aon Affinity’s professional liability insurance program named “A&E Advantage.” This program caters to architecture and engineering firms. […]
Public Storage PSA is tripling the number of units owned by it in East Palo Alto, by acquiring a facility from American Self Storage and revamping it, according to a Businesswire report. This additional storage is situated next to the company’s existing property at 1961 E. […]
Strategic Hotels & Resorts Inc. BEE has enhanced its financial flexibility with a new $750-million unsecured credit facility and a $115 million 7-year term loan secured by the Ritz-Carlton Half Moon Bay hotel. […]
Shares of Extra Space Storage Inc. EXR were down 0.45% on broader market concerns during Thursday’s regular trading session. […]
Hogging the limelight, Morgan Stanley MS emerged victorious as Moody's Investors Service concluded its reviews on ratings of 13 global investment banks. The rating agency has upgraded the New York based company and its affiliates’ baseline credit assessments (BCAs) from ‘baa3’ to ‘baa2’. Further, Morgan Stanley’s adjusted BCAs was upgraded to ‘baa1’ from ‘baa2’ […]
Scholastic Completes Sale Of Educational Technology And Services Business Segment PR Newswire NEW YORK, May 29, 2015 NEW YORK , May 29, 2015 /PRNewswire/ — Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, announced today it had completed the previously reported sale of its Educational Technology and Services business segment (“EdTech”) to Houghton Mifflin Harcourt Company (NASDAQ: HMHC), including the equity in International Center for Leadership in Education and Tom Snyder Productions, Inc., for $575 million in cash, subject to adjustment. The sale was completed pursuant to a Stock and Asset Purchase Agreement entered into on April 24, 2015 , as previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission. With the completion of the sale, Scholastic will remain focused on growing its core children’s book business, including school book clubs, book fairs and trade, and the publishing and sale to schools of print and digital instructional materials, both in the US and around the world, with a major presence in Canada , Australia , UK, and Asia […]
European aerospace behemoth, Airbus Group N.V. EADSY is set to fly high with its fuel-efficient narrow-body A320 jetliner. Media reports have it that the company is geared up to hike production of its best-selling medium-haul A320 aircraft […]
Major defense contractor L-3 Communications Holdings Inc. LLL has acquired UK-based CTC Aviation Group in a deal worth $220 million (£143 million) in cash. […]
On May 29, we issued an updated research report on the U.S. health insurer Aetna Inc. AET . […]
PVH Corp. PVH is slated to report first-quarter fiscal 2015 results on Jun 1, after the closing bell. In the last quarter, the company had delivered a positive earnings surprise of 2.3%. […]
[marketwatch D97F56B5-92C3-4C63-A19C-4CC60450641B] Barron’s Buzz: Still Early Days in Market Rally […]
ABB Ltd. ABB – a pioneer manufacturer of industrial robots and a leading power and automation company – is now set to aid the expansion of public rail networks across Europe. The company has secured orders worth $85 million from a renowned Swiss train manufacturer, Stadler Rail, which involves expansion of railway networks across Switzerland, Luxembourg and the Netherlands. […]
JPMorgan Chase & Co. JPM will be slashing more jobs with an aim to trim expenses and improve efficiency. […]
We have updated our research report on HCP, Inc. HCP on May 28, 2015. This Irvine, CA-based retail real estate investment trust (“REIT”) reported first-quarter 2015 adjusted funds from operations (“FFO”) per share of 79 cents, a penny ahead of the Zacks Consensus Estimate and 4 cents above the year-ago quarter figure […]
Honda Motor Co., Ltd. HMC will expand the recall of vehicles with defective passenger side Takata airbags by around 350,000 units in the U.S. This will bring the total number of Honda and Acura vehicles recalled for defective driver and passenger side Takata airbags to approximately 6.28 million. […]
Pacira Pharmaceuticals, Inc . PCRX announced that it has completed an End-of-Review process with the FDA regarding its supplemental New Drug Application (sNDA) on lead drug Exparel. […]
On the heels of the disclosure of GoPro, Inc. ’s GPRO video editing software debut , CEO Nicholas Woodman has now amazed investors with the news of some innovative product launches being on the cards. […]
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