We issued an updated research report on Newell Rubbermaid Inc. NWL on Jun 2, 2015. Newell Rubbermaid has a strong portfolio of well-established brands, such as Sharpie, Paper Mate, Dymo, Expo, Waterman, Parker, Irwin, Lenox, Rubbermaid, Levolor, Graco, Calphalon and Goody. […]
Video game rental company GameFly is set to position itself as the “Netflix-for-Games” by offering streaming services. Following in Netflix’s NFLX footsteps, GameFly, which traditionally mailed video game discs to paid members, will stream video games exclusively on Amazon AMZN Fire TV. The company will be using Playcast Media’s technology, a recently acquired Israel-based cloud company, for its new service, GameFly Streaming. […]
Imports of steel – a major concern for the ailing American steel industry – fell nearly 4% from the previous month in April – according to the American Iron and Steel Institute ("AISI"), an association of North American steel makers. But market share of finished steel imports remained at an alarmingly high level. […]
Ligand Pharmaceuticals Incorporated LGND provided a summary of the accounting impact of the recently concluded (May 4, 2015) initial public offering (IPO) of Viking Therapeutics VKTX and an updated financial outlook for the second quarter as well as full year 2015. Accounting Impact Details Ligand Pharma owns 48.7% of Viking Therapeutics’ outstanding common stock (as of May 31, 2015). As a result, Ligand Pharma will report its proportion of Viking's losses or gains (based on actual holdings) under ‘Gain (loss) on investment in Viking’ in its statement of operations […]
Plug Power Inc .’s PLUG shares gained 4.5% yesterday to close at $2.80, thanks to its deal with Walmart Canada, a division of Wal-Mart Stores Inc. WMT . […]
We updated a research report on Orbital ATK, Inc. OA on Jun 2, 2015. The company’s association with the U.S […]
Aerospace and defense operator Raytheon Company RTN received a $149 million contract from the U.S. Navy to supply 74 Standard Missile-6 (“SM-6”) all up rounds, spares, containers and services. […]
Patriot National Acquires Infinity Insurance Solutions PR Newswire FORT LAUDERDALE, Fla., June 3, 2015 FORT LAUDERDALE, Fla. , June 3, 2015 /PRNewswire/ — Patriot National, Inc. (NYSE: PN) announced today that it has acquired Infinity Insurance Solutions, a premium auditing and underwriting survey agency based in Overland Park, Kansas […]
War Museum acquires letters of Second World War combat cameraman Canada NewsWire OTTAWA, June 3, 2015 OTTAWA , June 3, 2015 /CNW/ – Sergeant Hugh McCaughey saw the Second World War through the lens of a 16 mm movie camera. A combat cameraman with the Canadian Film and Photo Unit, he accompanied troops in England , France , Holland and Germany , and shot footage that gave Allied citizens an ongoing picture of the war in Europe . […]
BB&T receives approval for The Bank of Kentucky acquisition PR Newswire WINSTON-SALEM, N.C., June 3, 2015 WINSTON-SALEM, N.C. , June 3, 2015 /PRNewswire/ — BB&T Corporation (NYSE: BBT) announced today it has received regulatory approval from the Federal Reserve, the FDIC and all required state regulators to acquire The Bank of Kentucky . The transaction closing and systems conversion is expected on June 19, 2015 […]
The past week turned out to be a busy one for the airline industry, with news flowing in from all quarters. For the second successive week, low-cost carrier Southwest Airlines Co. LUV ruled the roost with the most eye-catching news update in the industry. […]
Aluminum giant, Alcoa Inc. AA announced that it is investing $22 million in Hot Isostatic Pressing (HIP) technology at its Power and Propulsion facility in Whitehall, MI. […]
Cimarex Energy Company XEC announced that its Chief Financial Officer (CFO), Paul Korus, will retire on or before Sep 1, 2015. The company also announced the appointment of Mark Burford as its CFO, effective as of Korus' retirement. Burford joined Cimarex in 2005 and is currently serving as Vice President of Capital Markets and Planning. […]
A plethora of stocks in the offshore drilling sector rose sharply on Tuesday after Hercules Offshore Inc. HERO said Saudi Aramco – the state-owned national oil company of Saudi Arabia – has withdrawn its previously issued notice of termination for Hercules 261, one of the three jackup rigs working in the Persian Gulf. […]
Chesapeake Energy Corporation ’s CHK outlook was downgraded to stable from positive by Moody's Investors Service. The revision reflects the rating agency’s apprehensions pertaining to low natural gas and oil prices. However, Moody’s has maintained Chesapeake's Ba1 Corporate Family Rating (CFR) and Ba1 senior unsecured notes ratings […]
The board of directors of property and casualty insurer W. R. […]
On Jun 3, 2015, Zacks Investment Research upgraded Allied World Assurance Company Holdings, AG AWH to a Zacks Rank #2 (Buy). Allied World has been witnessing increasing earnings estimates after it came up with solid first-quarter 2015 results and announced the intention to share more profits with shareholders. […]
Over the past few years, banks and probes into business misconduct have become synonyms. The recent major scam – FIFA Bribery Scandal – that rocked the soccer world has found its way into major global banks too. […]
Cousins Properties Incorporated CUZ inked a lease renewal deal with Transocean Ltd. for 255,413 square feet of space at Greenway Plaza in Houston, TX. The deal reflects solid demand for the company’s properties […]
On Jun 3, 2015, we issued an updated research report on leading medical devices company Boston Scientific Corporation BSX . Amid challenging economic conditions, competitive environment and currency headwinds, Boston Scientific posted a disappointing first quarter of 2015, with earnings barely meeting the Zacks Consensus Estimate and revenues missing the benchmark. The trimmed 2015 revenue guidance was primarily in consideration of a severe foreign exchange headwind faced during the quarter that is likely to stay, going ahead […]
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