Month: June 2015

Tata Motors Limited TTM recorded a 5% increase in total sales of its commercial and passenger vehicles, including exports, to 39,496 units in May 2015 from 37,538 units in May 2014. The year-over-year improvement was driven by better sales of Medium and Heavy Commercial Vehicle (M&HCV) and Passenger Cars, along with higher exports. The automaker’s domestic sales of commercial and passenger vehicles were 34,818 units in May 2015, in line with the year-ago level […]

On Jun 1, we issued an updated research report on the property and casualty insurer The Chubb Corp. CB . Chubb’s boasts consistent operating profitability, while maintaining a superior risk-adjusted capital, a strong brand name, disciplined underwriting practices, a low debt level and a niche presence in its standard and specialty commercial and upscale personal insurance businesses […]

Prologis Inc. PLD has finally accomplished the acquisition of KTR Capital Partners’ (KTR) real estate assets and operating platform as well as its affiliates for $5.9 billion. The buyout is expected to provide a strong boost to the company’s position in the U.S. […]

Investors in the pharma/biotech sector eagerly wait for pipeline updates as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight into the commercial potential of the candidate once it is successfully developed and commercialized. Late last week, Celldex Therapeutics, Inc. […]

Diversified energy company, Public Service Enterprise Group Inc. PEG has proposed to reduce natural gas bills for residential customers, helping them save around $52 per year. The revised rates are expected to be effective from Oct 1, 2015. […]

Macy’s, Inc. M and zTailors have entered into a deal to provide customized tailoring services to online customers, turning online garment shopping into a whole new experience. The customers can now request for a professional tailor if their purchased garment requires any sort of alteration. […]

Office Depot, Inc. ODP has introduced a new app for Apple Inc’s AAPL smartwatch. […]

Cosmetics giant Estee Lauder Inc. EL has announced the pricing of an offering of $300 million aggregate principal amount of 4.375% notes due 2045. […]

Ferrellgas Partners L.P . FGP – a leading distributor of propane and related equipment in the U.S. – further expanded its midstream business through the acquisition of Bridger Logistics, LLC for nearly $837.5 million, subject to certain closing adjustments. […]

ImmunoGen, Inc. ’s IMGN shares soared 71.9% on the news that the company’s investigational ovarian cancer drug mirvetuximab soravtansine showed positive single-agent activity in an ongoing phase I study. The study is assessing mirvetuximab soravtansine for the treatment of folate-receptor alpha (FRα)-positive solid tumors. […]

The Dow Chemical Company ’s DOW business unit, Dow Electronic Materials announced that it is showcasing its emerging technologies in the field of display at Society for Information Display (“SID”) Display Week, in San Jose, CA. The SID Display week, which runs from May 31 to Jun 5, is a global event that features developments in electronic display technology every year. Per the company, senior management at Dow Electronic Materials highlighted the entire business portfolio along with OLED emitting materials, display materials for touch screens and display films on Jun 1 […]

PPL Corporation PPL has completed the spin-off of its energy business, thus taking the final step toward its strategy of focusing solely on its regulated utilities in the U.S. and the UK. […]

Going by the events over the last couple of weeks, it seems trading in the airline space is being strongly influenced, albeit temporarily, by Southwest Airlines Co. ’s LUV updates on its capacity growth outlook in 2015. […]

AK Steel Holding Corporation AKS is planning to produce the first commercially available Next-Generation Advanced High-Strength Steels globally. The company feels that the new technology will facilitate the production of steel with improved formability at higher extreme tensile strength levels, thereby offering automakers with greater flexibility to lightweight their vehicles. The project worth $29 million involves the use of new process technology to transform the current Hot Dip Galvanizing Line (“HDGL”) at AK Steel's Dearborn Works facility to manufacture both coated and cold-rolled Next-Generation Advanced High-Strength Steels on the same line. […]

Roofing material distributor Beacon Roofing Supply, Inc. BECN has acquired ProCoat Systems, Inc. in a move to expand its product offerings in Denver as well as other regions of the U.S. […]

Petroleo Brasileiro S.A. or Petrobras PBR declared the sale of 100-year bonds worth $2.5 billion. This reflects solid demand for Petrobras bonds, even though the integrated player was involved in a multibillion dollar money laundering scandal […]

Willis North America, a unit of Willis Group Holdings plc WSH acquired Evolution Benefits Consulting to boost its Human Capital Practice. However, the terms of the deal remain undisclosed. […]

On Jun 2, 2015, we issued an updated research report on RLI Corp. RLI . RLI Corp’s operating earnings in the first quarter missed the Zacks Consensus Estimate by a cent and declined year over year. […]

On Jun 1, 2015, we issued an updated research report on Total System Services, Inc. TSS . […]