Month: June 2015

On Jun 29, 2015, Zacks Investment Research downgraded United Natural Foods, Inc. UNFI to a Zacks Rank #4 (Sell) from Zacks Rank #3 (Hold), due to lower-than-expected third quarter fiscal 2015 results and a cut in fiscal guidance. Moderate sales growth and continued margin pressure hurt profits in the quarter. […]

Hertz Global Holdings, Inc. HTZ announced that it has penned a deal with LOXAM Group (Loxam), related to the potential divestment of Hertz Equipment Rental Corporation’s (“HERC”) France and Spain businesses to Loxam. The company is in the negotiation process with Loxam and intends to close the deal by transferring to the latter, the entire share capital of Hertz Alquiler de Maquinaria, SLU and Hertz Equipement France SAS. […]

The U.S. Energy Department's weekly inventory release showed a smaller-than-expected increase in natural gas supplies. […]

Payroll and human resource solutions provider, Paychex Inc. PAYX is set to report fourth-quarter fiscal 2015 results on Jul 1. Last quarter, the company’s earnings matched expectations. […]

Terreno Realty Corp. TRNO announced that it has sold its Fremont, CA-based property for $13.4 million. This led to an estimated unleveraged internal rate of return of 15.1%, generated by the investment. […]

Ashford Hospitality Trust, Inc. AHT announced plans to sell a portfolio of around 23 select-service hotels, so as to focus mainly on its upper-upscale, full-service hotels. The company also intends to opportunistically sell the left over select-service hotels in the future. […]

The last full week of June was quite a mixed bag for the gambling industry. Penn National Gaming Inc. PENN and Melco Crown Entertainment Limited MPEL were busy enhancing their portfolio. […]

We updated our research report on Plexus Corp. PLXS on Jun 25. […]

Shares of the athletic apparel, footwear and accessories retailer, Nike Inc. NKE soared to a new 52-week high of $110.34 last Friday, before closing trade a notch lower at $109.71, surging roughly 16.1% year-to-date. The stock’s solid run at the index came after the company’s better-than-expected fourth-quarter fiscal 2015 results, accompanied by an encouraging guidance. […]

Major banks continue to face investigations by banking regulators for business misconducts. Now it’s the turn of the Department of Financial Services (“DFS”) to probe the banks for alleged manipulation of International Swaps and Derivatives Association Fix (“ISDAFIX”). The news, first reported by the Financial Times , stated the investigation is still at an early stage. […]

There was a lot of buzz over the weekend surrounding reports of the opening of Gap Inc ’s GPS new Gap and Old Navy stores on New York’s Times Square. The new stores will be replacing an existing Toys “R” Us store at 1514 Broadway. Located near the crossroads of Broadway and Seventh Avenue at West 44th Street, the Bow Tie Building is owned by Bow Tie Partners. […]

Frankfurt – based Deutsche Bank AG DB plans to conduct 100 layoffs in most of its divisions in Russia, according to Bloomberg . The retrenchment follows reduction in deals due to an economic meltdown in Russia. […]

ManTech International Corporation MANT recently secured contracts to provide Knowledge-Based Services (KBS) and Equipment-Related Services (ERS) under the U.S. Army’s TACOM Strategic Solution Services (TS3) family of contracts. The KBS contract is estimated at $1.8 billion and the ERS contract is estimated at $1.1 billion. […]

The technology news website TechCrunch recently reported that the financial services provider, Intuit Inc. INTU , laid off 399 employees or approximately 5% of the total workforce of 8,000 as of Jul 31, 2014. […]

Maiden Holdings, Ltd. MHLD recently announced the proposed sale of its wholly-owned subsidiary – Maiden Specialty Insurance Company – to Clear Blue Financial Holdings, LLC. […]

The biopharmaceuticals division of Baxter International Inc. BAX is firing on all cylinders, just ahead of its scheduled spin-off on July 1. […]

Canadian cable TV behemoth Shaw Communications, Inc. SJR has decided to abandon its own IPTV platform development project and instead license Comcast Corp.’s CMCSA cloud-based X1 platform. […]