Month: June 2015

Starwood Hotels & Resorts Worldwide, Inc. HOT recently unveiled a hotel under its popular upscale brand Sheraton Hotels & Resorts in the plush neighborhood of Barra da Tijuca, Rio de Janeiro. […]

CBOE Holdings, Inc. CBOE inked a deal to acquire the market data services and trading analytics platforms of Livevol, Inc. for an undisclosed amount […]

Yum! Brands, Inc. YUM seems to be taking rumors regarding the quality of its food very seriously, especially after food safety scandals dealt a major blow to its business in some of its most profitable markets. Reportedly, the fast food giant has sued three media companies in China — Chen An Zhi Chenggong Culture Communications Ltd., Wei Lu Kuang Technology and Ling Dian Technology — for allegedly spreading rumors about the quality of its food. […]

FMC Technologies Inc. FTI declared the completion of the formation of a joint venture (JV) – Forsys Subsea – wherein the oilfield equipment manufacturer and Technip SA have 50% ownership each. The JV started operations from Jun 1, 2015 […]

Sprint Corporation S recently unveiled a “Monthly Data Rolling” plan for its prepaid customers, intensifying pricing competition among U.S wireless carriers. This plan offers unlimited talk and text option and is available at Best Buy Co., Inc. BBY […]

On Jun 2, 2015, Zacks Investment Research downgraded Liberty Global plc LBTYA by a notch to a Zacks Rank #3 (Hold). Over the last 30 days, the company has witnessed downward revisions for the current year with the Zacks Consensus Estimate for earnings moving down from break-even earnings to a loss of 5 cents. Over the same time frame, the company’s second-quarter earnings estimate has scaled down to a loss of 5 cents from a profit of 5 cents. […]

Adobe Systems Inc. ADBE recently expanded its 3D animation service with the purchase of 3D modeling company, Mixamo. However, the financial terms of the deal have not been disclosed. […]

Micron Technology Inc. MU has developed a new consumer-class flash storage device based on Triple-Level-Cell (TLC) NAND technology. […]

We updated our research report on Electronic Arts Inc. EA on Jun 2, 2015. Electronic Arts reported solid third-quarter fiscal 2015 results comfortably beating the Zacks Consensus Estimate for both earnings and revenues. […]

We updated our research report on SINA Corporation SINA on Jun 2, 2015. SINA reported dismal first-quarter 2015 results. […]

Delta Air Lines Inc. ’s DAL air traffic numbers have been strong in the month of May. Traffic – measured in revenue passenger miles (RPMs) – stood at 18.2 billion, up 2.7% from 17.73 billion recorded in the comparable month a year ago […]

We issued an updated research report on MarketAxess Holdings Inc. MKTX on Jun 2, 2015. MarketAxess has been enhancing its operating leverage through various organic and inorganic growth initiatives over the past few years. […]

Natural gas processor and distributor MarkWest Energy Partners L.P. MWE announced that it has entered into a long-term, fee-based agreement to provide processing services to producers – Cimarex Energy Co. XEC and Chevron Corporation CVX – in the Delaware Basin of West Texas. […]

PPG Industries PPG has further expanded its foothold in Central America with the purchase of Consorcio Latinoamericano for an undisclosed price. Consorcio runs a network of 57 paint stores in Central America. […]

We believe that L Brands, Inc. ’s LB sustained focus on cost containment, inventory management, merchandise and speed-to-market initiatives have kept it afloat in a sluggish consumer environment. […]

Pacific Sunwear of California Inc. PSUN , a specialty retailer of apparel, accessories and footwear, has been witnessing a downtrend in the Zacks Consensus Estimate following a soft start to fiscal 2015 and a dismal outlook for the second quarter. Shares of this Zacks Rank #4 (Sell) stock plunged 20.3% since its last earnings release on May 28, and have declined 37.7% year to date. […]