Month: June 2015

Premier information technology services provider Unisys Corporation UIS recently secured a six year contract to provide IT services for supporting government agencies in Australia's New South Wales. Per the contract, Unisys will provide end-to-end outsourced IT services such as central computing infrastructure support, IT service management and application services to ServiceFirst – which currently provides back-of-house shared services to core NSW Government agencies. Unisys is thus aimed at giving the government flexibility and choice to adopt modern technologies and thereby reduce their operating costs by moving to an outsourced consumption-based IT model […]

On Jun 1, 2015, we issued an updated research report on SM Energy Company SM . With an increasing focus on oil, specifically in the Permian and Rocky Mountain regions, SM Energy is expected to be able to boost its oil-weighted activity. […]

On Tuesday, the euro experienced its largest one-day increase versus the dollar in over two months. The increase was fueled by an increase in inflation in the Eurozone as well as rising prospects of an agreement between Greece and its creditors. […]

Retail giant Wal-Mart Stores Inc. WMT has announced that it would hike minimum wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments in Jul 2015. […]

Sikorsky Aircraft Corp., the wholly-owned subsidiary of diversified business conglomerate United Technologies Corp. UTX , is reportedly considering plans to retrench 1,400 jobs in the next year as it counters lower demand on falling oil prices. The layoffs will include 342 employees on the direct payrolls of Sikorsky and 560 contractual staff in the U.S. […]

Brown-Forman Corporation BF.B has reported strong financial results for the fourth quarter and fiscal 2015. The company’s bottom-line results for both the periods registered a robust year-over-year improvement and were in line with the Zacks Consensus Estimate. Earnings for the fourth-quarter came in at 66 cents per share, which rose 6.5% year over year and were in line with the Zacks Consensus Estimate […]

As is the norm, the old always has to make way for the new. The use of ‘Voice mail’ in banks is gradually waning, thanks to the rapid spurt of email and instant message services. Several banks including JPMorgan Chase & Co […]

It’s been a busy week for the biotech sector with several companies attending the annual meeting of the American Society of Clinical Oncology (ASCO) to showcase data on their experimental as well as approved cancer drugs. Companies like ImmunoGen IMGN and Juno JUNO came out with encouraging data. […]

Juno Therapeutics Inc. JUNO is on a roll with its shares climbing 6.6% after it announced the acquisition of a privately held biopharmaceutical company, X-BODY, Inc. in a cash and stock transaction […]