Month: June 2015

On Jun 3, we issued an updated research report on Prudential Financial Inc. PRU . Prudential boasts diversified operations spanning the United States, Asia, Europe and Latin America […]

Perrigo Company Public Limited Company PRGO announced that it has entered into an agreement to acquire a portfolio of over-the-counter (OTC) brands from the consumer healthcare division of GlaxoSmithKline plc GSK . GlaxoSmithKline has to divest these businesses as mandated by the European Commission and other regulatory bodies in context of the formation of a consumer health joint venture between Glaxo and Novartis AG NVS . […]

Shares of Terex Corporation TEX gained 1% after the company announced the completion of its first asset-backed securitization worth $350 million. The company has also re-priced its Euro term loan. Terex assists customers in renting, leasing and acquisition of its products through Terex Financial Services (TFS) […]

Some Netflix NFLX users started seeing trailers of Netflix originals and a number of bloggers immediately jumped to the scene opening the floodgate on rumours about broader advertising on the platform. Then again, some users went out on social networks like Twitter TWTR threatening to terminate the $7.99 monthly subscription if any such thing ever happened. […]

Goldcorp Inc. GG has concluded the divestment of its interest in the South Arturo Mine Project located in Nevada to Premier Gold Mines Ltd, as per an announcement by Premier. The South Arturo Mine Project was a joint venture between Goldcorp, which owned and operated 40% of the project, and Barrick Gold Corporation ABX , which is a 60% owner of the same. […]

On May 30, Zacks Investment Research downgraded BlackBerry Limited BBRY to a Zacks Rank #5 (Strong Sell). A persistent decline in smartphone sales, lack of innovative product launches and wide losses have resulted in the downgrade action. Moreover, BlackBerry’s decision to retrench workers on a global scale further reflects the company’s inability to cope up with the spiraling expenses […]

French global telecommunications service provider Orange ORAN is jointly working with Huawei Technologies to revamp its IT business. The company’s efforts to overhaul its entire IT business are in sync with its 5-year strategic initiative – “Essential2020”. In Mar 2015, Orange revealed the details of its Essential2020 project. […]

Medical technology provider Cyberonics, Inc. ’s CYBX novel AspireSR generator, which supports the company’s pioneering Vagus Nerve Stimulation (VNS) Therapy system, recently received the FDA nod for its commercial launch in the U.S. market […]

The Chicago office of Duke Realty Corporation DRE has entered into a lease agreement for three of its buildings in I-55 submarket of Chicago, comprising around 500,000 square feet. Given the huge demand of quality space in the I-55 submarket, this marks a very significant agreement for the Indianapolis, IN-based real estate investment trust (“REIT”). Duke Realty is engaged in owning, managing and developing industrial, healthcare and office properties across the nation […]

Ultragenyx Pharmaceutical Inc. RARE announced positive data from an ongoing pediatric phase II study on KRN23 for the treatment of X-linked hypophosphatemia ("XLH"). The randomized, open-label, dose-finding study is evaluating safety and efficacy of KRN23 in 36 pediatric XLH patients aged between 5 and 12 years […]

MeadWestvaco Corporation MWV has entered into a licensing agreement with Burgopak Ltd. This transaction solidifies MeadWestvaco’s strategic commitment to improve medication adherence through packaging. As per the deal, MeadWestvaco Healthcare will promote Burgopak’s award-winning medication adherence packaging to the pharmaceutical and animal health markets in the United States […]

Sigma-Aldrich Corporation SIAL has inked an agreement with XCell Science to introduce genetically engineered human neural differentiated cells along with their culture media for further progress of the research of neurological diseases. These new products coupled with Sigma-Aldrich’s current portfolio will offer tools for advanced research related to central nervous system disorders, like Alzheimer's disease, Parkinson's disease, autism, schizophrenia, and amyotrophic lateral sclerosis. […]

The U.S. Department of Justice (DOJ) recently initiated an investigation into the potential anti-competitive practices by three large movie theater chains of the nation. The movie theater chains under investigation are AMC Entertainment Holdings Inc. […]

Frontier Communications Corp. FTR plans to raise $2.5 billion in equity to facilitate the funding of its acquisition of Verizon Communications’ VZ wireline assets. The company announced that it will be making a public offering that will comprise $750 million of its common stock at $0.25 per share and $1.750 billion of mandatory convertible preferred stock at $0.01 per share […]

On June 1, 2015, we issued an updated research report on Edwards Lifesciences Corp. EW – one of the leading manufacturers of tissue heart valve and repair products. This company is also a leading player in hemodynamic monitoring […]

Passengers flying with United Airlines, the wholly owned subsidiary of United Continental Holdings, Inc. UAL , had to face undue harassment on the morning of Jun 2, when all flights operated by the carrier were delayed on a temporary basis. […]

Developer of continuous glucose monitoring systems, DexCom Inc. DXCM recently announced that the DexCom Follow app – a component of the Dexcom G4 PLATINUM Continuous Glucose Monitor (CGM) System with Share – is now available for Android devices. Notably, DexCom CGM is the industry’s first mobile-connected CGM system […]