Month: May 2015

Following Twitter, Inc. ’s TWTR deal with Google Inc. […]

Fuel cell maker, Ballard Power Systems Inc. BLDP has its order book ticking with the latest from Nisshinbo Holdings Inc. – an energy company – for the next phase of the Technology Solutions project. […]

Merck & Co. Inc. […]

Barrick Gold Corporation ABX has signed a strategic deal with leading Chinese mining company – Zijin Mining Group Co., Ltd. Per the deal, Zijin will buy a 50% interest in Barrick (Niugini) Limited (BNL), which owns 95% of the Porgera Joint Venture gold mine in Papua New Guinea and manages the same. […]

Shares of Tiffany & Company TIF rose roughly 6.7% during pre-market trading session following the company’s better-than-expected first-quarter fiscal 2015 results. The quarterly earnings of 81 cents a share beat the Zacks Consensus Estimate of 69 cents. On the other hand, net sales of $962.4 million also surpassed the Zacks Consensus Estimate of $913.5 million. […]

We updated a research report on Entergy Corporation ETR on May 26, 2015. The company’s disciplined investments in its generation and distribution businesses as well as sturdy expansion of transmission lines are expected to boost its financials while at the same time strengthening reliability services for its customers. […]

Cimarex Energy Company XEC announced the closing of the public offering of 6 million shares of its common stock and the full exercise of the underwriters' option to purchase 0.9 million additional shares. Net proceeds of approximately $730 million are likely to be used for general corporate purposes and to finance stepped-up drilling and completion activity planned for the second half of this year and throughout 2016. Cimarex invested $308 million in exploration and development during the first quarter with funding from cash flow from operations and cash on hand. […]

Continuing with its strategy of long-term inorganic growth, Manulife Financial Corp. ’s MFC unit John Hancock announced that it has acquired Guide Financial, Inc., a San Francisco-based software provider for financial advisors. Guide Financial uses behavioral finance and artificial intelligence to build software which makes it easy for investors to plan financial decisions and build wealth […]

Mercer, a wholly owned subsidiary of Marsh & McLennan Companies MMC has acquired Kepler Associates, one of the leading U.K.-based executive remuneration specialists. The deal will enhance Mercer’s Executive Rewards operations in the U.K. Executive Rewards is an emerging business in the global commercial marketplace […]

We issued an updated research report on China Life Insurance Co. Ltd. LFC on May 26, 2015 […]

We have issued an updated research report on The Charles Schwab Corporation SCHW on May 26, 2015. As the company’s business is highly sensitive to the interest rates, the current low rate environment has been exerting continuous strain on its revenues. The company has been forced to waive fees that it charges for managing funds. […]

With an aim to expand its operations in the U.S. consumer market, Toronto-based The Toronto-Dominion Bank TD announced a deal to acquire a credit card portfolio with $2.2 billion in receivables. The company is buying the U.S. […]

Health Care REIT, Inc. HCN announced the closing of a $750-million offering of senior unsecured notes. With this move, the Toledo, OH-based health care real estate investment trust’s (“REIT”) financials are expected to enjoy greater flexibility. […]

EdR EDR has implemented two important changes in the company’s finance division, effective Jun 1, 2015. These changes were brought about by the Memphis, TN-based residential real estate investment trust (“REIT”) to further boost its key business segment. […]

Kilroy Realty Corporation KRC has finally reached a compromise with three community groups regarding its One Paseo mixed-used development project in Carmel Valley, San Diego. As per the agreement, Kilroy would lower the scale of the project, reducing the scope for the office and retail segments but offering the required housing properties. This project, slated to offer amenities to the north of San Diego neighborhood, has been a major concern for the community due to anticipations of a rise in traffic and height of its buildings […]

Leading technology, engineering, procurement and construction company KBR Inc. KBR recently won a contract from one of the world’s largest chemical firm, OJSC Togliattiazot (ToAZ). The contract, of undisclosed value, requires KBR to provide licensing, basic engineering design, front-end engineering and other design services for upgrading seven ammonia plants of ToAZ in the Togliatti and Samara region of Russia. […]