Reportedly, global data center solution and service provider, Equinix Inc. EQIX has signed a deal to acquire Telecity Group Plc, a UK-based company. The cash-and-stock transaction is valued at approximately $3.6 billion, based on Telecity's closing stock price of 849 pence as on Feb 10, 2015 […]
ArcelorMittal MT announced that it has concluded the pricing of two series of U.S. dollar denominated notes. The notes consist of $500 million aggregate principal amount of 5.125% notes due 2020 and $500 million aggregate principal amount of 6.125% notes due 2025. […]
A.M. Best reiterated the issuer credit rating (ICR) and senior debt ratings of ‘a+’ on The Travelers Companies, Inc . TRV and two of its holding companies – Travelers Property Casualty Corp. […]
On May 29, 2015, Zacks Investment Research upgraded Assured Guaranty Ltd . AGO to a Zacks Rank #1 (Strong Buy) on solid first-quarter results and prudent capital deployment. In the first quarter, Assured Guaranty delivered operating earnings of 89 cents per share that outperformed the Zacks Consensus by 7% and increased about 12% year over year on higher refunding and terminations, lower loss expense and a lower effective tax […]
The WhiteWave Foods Company WWAV reached a new 52-week high of $49.73 on May 28. Shares of the company have been rising ever since it reported strong first-quarter 2015 results on May 8. The company beat the Zacks Consensus Estimate for first-quarter earnings, while slightly missing the sales expectations. […]
Amazon.com AMZN recently announced its decision to offer free same-day delivery to its Prime members only in some cities. The service, introduced in 2009, has now been expanded to 14 metro areas including New York, Los Angeles, the San Francisco Bay Area, Philadelphia, Phoenix and Atlanta. The service allows customers to order items any day, latest by noon, and receive the deliveries at their home on the same day by 9 p.m. […]
Williams-Sonoma, Inc. WSM has been consistently adding new stores in order to drive sales. Williams-Sonoma offers exclusive designs for home furnishing products, textiles, accessories and entertaining essentials. […]
On May 29, 2015, we issued an updated research report on Charter Communications, Inc. CHTR . Charter reported disappointing first-quarter 2015 financial results. […]
As per media releases, Chevron New Zealand, the subsidiary of U.S energy giant Chevron Corporation CVX , has offloaded its 11.4% interest in Refining NZ, the operator of Marsden Point Oil Refinery – New Zealand’s only oil refinery. Chevron sold its interest to institutional investors for roughly $59 million. The move reflects the company’s aim to streamline its Asia-Pacific portfolio for countering the effects of a weak oil pricing environment […]
GameStop Corp ’s. GME first-quarter fiscal 2015 earnings per share of 68 cents topped the Zacks Consensus Estimate of 58 cents while rising 15.3% year over year. Higher software sales due to releases of new titles in quarter along with strong sale of downloadable content were the driving factors. […]
Natural gas processor and distributor MarkWest Energy Partners L.P. MWE has announced the pricing of a public offering of senior notes worth $1.2 billion. […]
A company of Schlumberger Ltd. SLB and Cameron International Corporation CAM – OneSubsea – has received a contract with a value of over $330 million related to subsea production systems for a gas project offshore North Africa. The contract includes the provision of subsea production equipment, tooling, and installation and commissioning services for the 13-well development in the area […]
Ford Motor Co. F has expanded the recall of vehicles with faulty Takata airbags to 1,509,535 units. […]
[marketwatch 8B8B8439-1CBB-45DA-90B7-05CBC2AC8BDA] Competition Spotlights Teen Entrepreneurs […]
[marketwatch 04B19EEE-6A88-4D78-8BB3-F501667129B3] U.S. GDP Swings to Contraction in First Quarter […]
Flowers Foods, Inc. ( FLO ) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session […]
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses. One such company that might be well-positioned for future earnings growth is Jive Software, Inc […]
GE Capital’s Healthcare Financial Services (HFS) business, a part of General Electric Company GE , recently served as an administrative agent to provide a $48.5 million financing to a joint venture.Following the news, General Electric’s shares gained marginally to $27.63 on May, 28. The funds will be utilized for the acquisition of four senior housing facilities in Arizona, which will comprise independent living, assisted living and memory care units. GE Capital’s Healthcare Financial Services division already possesses expertise in the healthcare industry […]
TriMas Corporation TRS ) announced that Horizon Global Corporation, the newly created company from the spin-off of the former’s Cequent businesses will be listed on the New York Stock Exchange, when it becomes a publicly-traded company, under the ticker symbol “HZN”. In December last year, TriMas had announced that its Board had approved the decision to spin-off its truck and trailer accessories unit, Cequent, into a new stand-alone, publicly traded company. It reflected TriMas’ continued commitment to enhance shareholder value through active management of business portfolio and organizational focus. […]
Federal Reserve Chairwoman Janet Yellen’s comments that the U.S. economy is well positioned to grow despite weak first quarter economic growth boosted investor sentiment. […]
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