Month: May 2015

Though the U.S. stock market has hit a series of new highs in recent sessions, it has crawled up only a few points while trading volume is below average. […]

Facebook 's FB entry into the virtual reality business through its ambitious project Oculus VR is reportedly facing legal obstacles. According to reports, a Hawaii company — Total Recall Technologies — has accused Facebook of misappropriating confidential information and proprietary technology related to the virtual reality system. […]

It was a gloomy week with most of the major defense companies trading in the red. The only bright spot was a billion-dollar Foreign Military Sales (“FMS”) contract approved by the U.S. Defense Security Co-operation Agency (“DSCA”). […]

The legal battle over metal financing deals between Citigroup Inc. C and Mercuria Energy Group Ltd took a new turn. On Friday, the High Court in London ruled that Citigroup is not entitled to claim $270 million payment from Cyprus-based commodities trader Mercuria Energy for the metals held at two scam-tainted Chinese ports […]

The proposed $19 million settlement between Target Corporation TGT and MasterCard Incorporated MA to resolve the data breach issue has fallen apart as per sources. Lack of adequate support from banks has been cited as the main reason. Last month, both Target and MasterCard reached this settlement based on a condition that at least 90% of the issuers of the qualified MasterCard accounts should accept the offer by May 20, 2015 […]

Updates on the regulatory front are eagerly awaited by investors in the pharma/biotech sector as they impact the share price of the concerned company. Regulatory updates include events like filing of marketing applications for a candidate or applications for updating product information, acceptance of these applications for review by the regulatory agencies, reviews by advisory panels and, finally, a response from the regulatory agency regarding the approval status. Pharmacyclics, Inc […]

Global crude steel production shrank in April on lower output across all major producing countries barring India – according to the latest monthly report from the World Steel Association (“WSA”). The steel industry continues to reel under sluggishness in China – the world’s largest steel consumer. […]

Alere Inc. ALR is consistently executing on its strategy of divesting non-core assets. The strategy is not only helping the company to focus on its core rapid diagnostic test business but is also improving the cost structure and strengthening its balance sheet […]

With the gradually improving U.S. economy, hoteliers are looking to expand their footprints in the country. […]

General Motors Co. GM has turned down the merger proposal by Fiat Chrysler Automobiles N.V. FCAU . […]

IP networking, ultra-broadband access and cloud technology giant Alcatel-Lucent ALU has secured an important contract from China Railway. To be particular, the contract requires the company to upgrade the existing network of rail lines in Beijing and Nanning Railway Bureaus for improving the performance of railway operators as well as enhancing customer safety. Inside the Headlines Per the agreement, the company will offer its optical transport technology that includes operational communications, signaling and video surveillance services on a converged network to improve communication services of the bureaus. […]

On May 22, 2015, shares of Select Medical Holdings Corporation SEM hit a 52-week high of $16.85, driven by solid first-quarter results and a proposed acquisition. About 0.9 million shares exchanged hands in the last trading session, and the stock finally closed at $16.60, gaining 1.2%. Year to date, the stock has returned 15.27%, which is much above 3.25% added by the S&P. […]

It was a week where oil prices eked out another gain but natural gas settled lower, losing its grip on the $3 level. On the news front, Halliburton Co. HAL reached an amicable settlement with BP plc BP on Macondo claims, while Exxon Mobil Corp […]

We issued an updated research report on Halliburton Company HAL on May 25, 2015. The company is a leading player in the oilfield services industry. Its $35-billion deal to buy smaller rival Baker Hughes should pay off as the combined company will be in a better position to dominate the oilfield services industry […]

U.S. telecom behemoth AT&T, Inc. […]