Month: May 2015

Air Products and Chemicals Inc. APD announced that it will launch Airase 4750V and 4800 defoamers at the Eastern Coatings Show in Atlantic City, NJ, from Jun 1-4. […]

Earnings releases grabbed headlines once again this week as Advance Auto Parts Inc. AAP , AutoZone, Inc. AZO and Tata Motors Limited TTM released their quarterly results […]

First Solar, Inc. FSLR shares plunged 7.3% to $51.06 on May 26 after RBC Capital Markets LLC downgraded its rating on the company to Underperform from Sector Perform. This marks the first major share price decline for the company after the 11% drop it witnessed in Nov 2014 following its third-quarter earnings announcement […]

We issued an updated research report on independent refiner Tesoro Corporation TSO on May 27, 2015. Being a buyer of crude, Tesoro looks favorably positioned to benefit from the weak crude pricing environment. However, the Environmental Protection Agency’s (EPA) proposed new gasoline standards are expected to significantly increase capital expenditures for refiners like Tesoro, thereby reducing their future earnings and cash flows. […]

On May 28, 2015, Zacks Investment Research upgraded Progressive Corp. PGR to a Zacks Rank #2 (Buy). […]

On May 27, we issued an updated research report on private mortgage insurer Radian Group Inc. RDN . For more than 35 years, the company has been supporting homebuyers, mortgage lenders, loan servicers and investors through a suite of private mortgage insurance, and related risk management products and services […]

The governing body of the most popular sport in the world – FIFA – trashed its reputation on Wednesday. Seven senior officials were arrested on corruption charges in Switzerland, shocking players, fans and the markets alike. Now, the alleged officials face extradition from the country. […]

To return more value to its shareholders, the board of directors of ProAssurance Corporation PRA has authorized an increase in its share repurchase program by $100 million. This amount might also be used for debt retirement. In Dec 2014, ProAssurance approved a $100 million extension to its existing share repurchase program, taking the authorization to $198 million. […]

CNOOC Ltd. CEO has made a mid-sized discovery in the Eastern South China Sea, which has been named Liuhua 20-2. Located in the Northern Slope Belt of Baiyun Sag in the Pearl River Mouth Basin of the South China Sea, the Liuhua 20-2 structure lies in an average water depth of about 390 meters […]

Bank of America Corporation BAC may have to resort to further expense cuts in its trading division, unless trading revenues improve significantly. This was stated by the company’s CEO Brian Moynihan at an investor conference in New York. […]

Analytical instrument and software giant Waters Corporation WAT continues with its strategic initiative of launching new technologies and innovations in mass spectrometry. This time the company has aptly used the American Society of Mass Spectrometry’s 63rd conference as a coveted platform to showcase five of its newest innovations. […]

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (“FDIC”) reported first-quarter 2015 earnings of $39.8 billion, 6.9% above the year-ago earnings of $37.3 billion. Notably, community banks, constituting roughly 93% of all FDIC-insured institutions, reported net income of $4.9 billion, up 11.9% year over year. The rise in earnings was led by a $4.3 billion increase in net operating revenue […]

On May 27, 2015, we issued an updated research report on Windstream Holdings, Inc. WIN . Windstream reported mixed financial results in the first quarter of 2015 with net income comparing favorably with the Zacks Consensus Estimate of a net loss and revenues missing the mark. […]

Amazon.com Inc. AMZN , the world's largest online retailer, recently announced that it is hiring new workers for its order-fulfillment centers across the U.S. The company said that it will add more than 6000 full-time jobs to meet the increasing demand for its products. […]

Midstream energy player EnLink Midstream Partners LP ENLK declared the acquisition of the remaining 25% interest in EnLink Midstream Holdings LP (EMH) from EnLink Midstream, LLC ENLC . As a result, the partnership holds 100% interest in EMH. For the purchase, EnLink Midstream Partners has paid $900 million worth common units – that are newly issued. […]