Month: June 2015

Declining domestic coal shipments continue to bother stocks in the railroad space. After Union Pacific Corporation UNP cut a sorry figure with regard to domestic coal shipments, it was the turn of another railroad, CSX Corp. […]

Onshore contract driller, Patterson-UTI Energy Inc. PTEN declared that its May 2015 drill rig count averaged at 123–122 rigs in the U.S. and 1 in Canada. […]

The Boeing Co. BA received a commitment from the Air China affiliate − Shenzhen Airlines − for 46 737 planes, as per media reports. The deal for these single-aisle jets is valued at $4.3 billion at list prices. […]

Shares of The Ensign Group Inc. ENSG rallied 2.16% ($1.03) to $48.73 on Jun 3, 2015, on the news of the acquisition of Managed Care at Home by its home health and hospice subsidiary — Cornerstone Healthcare. […]

Becton, Dickinson and Company BDX , commonly known as BD, recently announced that it is taking part in the White House Forum on Antibiotic Stewardship. The company also briefed on the various initiatives that it will take up in order to fight drug-resistant microbial organisms. Per management, BD possesses a wide portfolio of products that effectively address identification and prevention of antimicrobial resistance […]

Varian Medical Systems Inc. VAR continues to expand its international presence. The company recently inaugurated a local strategic unit in Saudi Arabia in collaboration with El Seif Development Group […]

Kellogg Company K) has enhanced its Family Rewards Program as part of its sales boosting initiative. Members will no longer have to enter the product codes while buying, thus making the shopping experience easier. […]

UDR, Inc. UDR , the Highlands Ranch, CO-based residential real estate investment trust (“REIT”) announced a rating upgrade by the Standard and Poor (“S&P”). The leading rating agency raised the senior unsecured rating of the REIT to BBB+ from BBB. […]

The FIFA Women’s World Cup 2015 starts in two days and broadcaster Twenty-First Century Fox, Inc. FOXA is waiting for the event with utmost expectations. […]

After reporting weak year-over-year results for first-quarter 2015, Luxfer Holdings PLC LXFR has brought in good news for its shareholders. Effective Jun 4, 2015, the company will commence repurchase of $10 million worth American Depositary Shares (“ADS”). As disclosed, the ADS buyback program, approved by Luxfer Holdings’ board of directors, will continue for the next 12 months […]

Ardelyx, Inc. ARDX announced that it terminated its agreement with AstraZeneca PLC AZN whereby the former will regain rights to its portfolio of NHE3 inhibitors, including Ardelyx's lead pipeline candidate, tenapanor. We note that both the companies entered into a collaboration agreement in Oct 2012 to develop and commercialize Ardelyx's internally discovered portfolio of NHE3 inhibitors including tenapanor […]

Shares of CONMED Corp. CNMD scaled a new 52-week high of $57.00 on Jun 3, eventually closing a tad lower at $56.93. This represents a strong one-year return of about 26%. […]

Medical device manufacturer, St. Jude Medical, Inc. STJ , recently received a go-ahead from the FDA to resume the U.S […]

Shares of Tenet Healthcare Corporation THC fell 0.68% in the last trading session after the company issued senior secured notes worth $900 million, due 2020. These notes were priced at a LIBOR plus 3.50% per annum. […]

The Wendy's Company ’s WEN board of directors recently authorized a $1.4 billion share repurchase program. The company intends to repurchase shares with the existing cash on its balance sheet and cash flow from operations. […]

EnPro Industries Inc. NPO recently announced that it has entered into an agreement to acquire the Veyance North-American air spring business from Continental AG in a cash transaction. The deal, in sync with the company’s expansionary policy, will serve to strengthen its commercial vehicle suspension business. […]