Shares of Marriott Vacations Worldwide Corp. VAC hit a new 52-week high of $89.85 toward the end of the trading session on May 28 backed by strong first-quarter 2015 results. […]
WeissLaw LLP: Broadcom Corp. Sale May Be Premature; Not In The Best Interest of BRCM Shareholders PR Newswire NEW YORK, May 29, 2015 NEW YORK , May 29, 2015 /PRNewswire-USNewswire/ — The proposed acquisition of Broadcom Corp. (“BRCM” or the “Company”) by Avago Technologies Limited (“AVGO”) is being investigated by WeissLaw LLP for possible breaches of fiduciary duty and other violations of law by the Board of Directors of BRCM. […]
Airgas, Inc. ARG has announced a new program to repurchase $500 million worth of its outstanding shares. The buyback is in line with the company’s strategy to reward shareholders through substantial share repurchases and dividend growth […]
On May 28, 2015, we issued an updated research report on DIRECTV DTV . DIRECTV reported disappointing first-quarter 2015 earnings results. Adjusted earnings of $1.44 per share missed the Zacks Consensus Estimate of $1.52 and also deteriorated 11.7% on a year-over-year basis […]
Charter Communications Inc. CHTR recently made key announcements related to two of its pending deals. Setting aside all speculations, the company declared that it has reached an agreement to buy Time Warner Cable Inc. […]
Shares of IMAX Corporation IMAX gained 3.15% on May 28 to close the day’s trading at $39.99. The surge came following the news that IMAX’s Chinese unit (IMAX China Holding) has filed an application with the Hong Kong stock exchange to get the shares of the division listed on the unit. Additional details about the proposed initial public offering (IPO) have not been revealed. […]
Video game stocks gained modestly over past 5 trading sessions in the absence of any major growth driver. However, some important events that made the rounds during this time include Electronic Arts Inc.’s EA game series launch dedicated to female football players and Activision’s ATVI launch of the expansion pack for Destiny . Another development that made headlines was Nintendo Co. […]
Abercrombie & Fitch Co. ANF saw its largest single-day rally in over a year’s time with shares rising 13.5% yesterday after the company raised hopes for improved comparable store sales (comps) performance, going forward. Though the company reported dismal top-and bottom-line results for first-quarter fiscal 2015, management is encouraged by its comps performance that showed sequential improvement in some parts of its business, particularly at the Hollister brand. […]
Allegheny Technologies Inc. ATI announced that it will idle the rotary crop shear (“RCS”) at its Hot-Rolling and Processing Facility (“HRPF”) due to the sudden discovery of a defective component during routine checkup. The RCS is thus anticipated to remain closed at least till the end of Sep 2015. […]
Gilead Sciences, Inc. GILD announced that its investigational fixed-dose combination of Emtriva and tenofovir alafenamide has been accepted for review by the European Medicines Agency (EMA) for the treatment of HIV-1 infection in combination with other HIV antiretroviral agents. The company is seeking approval for two doses of the Emtriva/tenofovir alafenamide combination (200/10 mg and 200/25 mg) […]
The Dow suffered losses during a holiday shortened week, weighed down by multiple factors. Stocks started the week in the red after the dollar gained strength, which compelled investors to park funds into safe-haven assets. The Dow gained on Wednesday helped by gains in technology and healthcare stocks […]
On May 28, 2015, we issued an updated research report on Cincinnati Bell Inc. CBB . […]
Cardinal Health Inc. CAH recently announced the formal acceptance of its binding offer to acquire Cordis, a unit of Johnson & Johnson JNJ , for $1.944 billion in cash. The offer, which was made by Cardinal Health on Mar 1, 2015, was accepted after consultations with relevant works councils and trade unions. […]
Over the last four trading sessions, performance of banks remained skewed toward the negative side. Though banks continued with defensive measures to maintain profitability, investors remained concerned about any near-term possibility of revenue growth. […]
On May 28, 2015, we issued an updated research report on CVS Health Corp. CVS – a pharmacy retail giant based in Rhode Island, with integrated offerings across the entire spectrum of pharmacy care. […]
Becton, Dickinson and Company BDX , commonly known as BD, is contemplating the sale of its V. Mueller surgical instruments business, according to a report by Reuters . Notably, this business was part of peer CareFusion Corp., which BD acquired in March this year […]
Multi-Million Dollar Sale of Dwell on Design to Informa Fuels Growth for America’s Largest Design Event PR Newswire LOS ANGELES, May 29, 2015 LOS ANGELES , May 29, 2015 /PRNewswire/ — Dwell Media and Informa announced today that Dwell on Design, an asset of Dwell Media, LLC with shows in New York and Los Angeles , will now be owned by UK-based Informa and run by Informa Exhibitions U.S., Construction and Real Estate. The agreement formalizes a partnership between Dwell and Informa, which aims to expand the international presence and influence of Dwell on Design, currently America’s Largest Design Event. […]
Matson Completes Alaska Acquisition For $469 Million – Becomes a Leading Container Carrier to Alaska – Acquisition Accretive to Matson’s Annual EPS and Cash Flow per Share (before one-time items) PR Newswire HONOLULU, May 29, 2015 HONOLULU , May 29, 2015 /PRNewswire/ — Matson, Inc. (NYSE: MATX) today announced that it has completed its previously announced acquisition of Horizon Lines, Inc. (OTCQB: HRZL) which includes Horizon’s Alaska operations and the assumption of all non- Hawaii business liabilities (the “Transaction”). […]
W&T Offshore, Inc. WTI , in line with its focus on new projects, announced a new discovery at Ewing Banks 910. The company also announced commencement of production from the SS #6 well at Mississippi Canyon 538 field ("Medusa"). […]
We issued an updated research report on Plexus Corp. PLXS on May 29, 2015. The company reported strong first-quarter 2015 results with both the top line and the bottom line surpassing the respective Zacks Consensus Estimate […]
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