Month: June 2015

Premium and renowned diversified machinery manufacturer Middleby Corporation MIDD recently acquired the assets of a prominent manufacturer of induction cooking equipment, Induc Commercial Electronics Co. Ltd. (‘Induc’), for an undisclosed amount. […]

In a significant development, Hospitality Properties Trust HPT has signed agreements to expand its alliance with TravelCenters of America LLC TA , the Westlake, OH-based specialty retail firm. In fact, with TravelCenters of America being a steady source of rental revenues for Hospitality Properties Trust over the past several years, the latter is keen to further nurture the mutually beneficial relationship. […]

General Motors Co. GM announced that it will make an investment of $119 million at its Grand Rapids Operations plant. The investment will be utilized for tools and equipment, which will aid the production of vehicle components at the plant in the future […]

It seems like GoPro, Inc. GPRO will never cease to amaze its investors by coming up with new products when they least expect it. Keeping alive its momentum of product launch, the leading camera manufacturer has presently come up with HERO+ LCD camera to boost its portfolio of entry-level HERO cameras. […]

The Walt Disney Company DIS announced that its CFO James A. Rasulo will step down from his position at the end of this month. The company has not yet named a successor to Rasulo. […]

It was an eventful week for the defense sector, with newly formed company Orbital ATK Inc. OA reporting its first financial numbers. […]

ExxonMobil Corporation XOM has received the authorization to export liquefied natural gas to non-free trade agreement countries from its Alaska LNG terminal. The proposed project received conditional authorization from the U.S. […]

Leading insurance broker and risk management provider Marsh & McLennan Companies, Inc. ’s MMC wholly-owned subsidiary – Marsh & McLennan Agency LLC (MMA) – announced the acquisition of Texas-based MHBT Inc. on Jun 1 […]

It seems that the semiconductor industry is going through a massive consolidation phase as merger & acquisition activities are on the rise. The most recent development in this regard is the acquisition of Altera Corp. ALTR by world’s No. […]

Shares of Adeptus Health Inc. ADPT attained a new 52-week high of $73.52 on Jun 1, 2015, eventually closing lower at $72.84. This represents an impressive one-year return of about 94.8%. […]

Beijing’s anti-corruption drive seems to have taken Macau out of Lady Luck’s favor. The dry run for Macau – the only destination in China where gambling is legal – has stretched beyond expectations as revenues declined for the twelfth consecutive month in May 2015. […]

In a major strategic overhaul, HSBC Holdings plc HSBC is planning to unveil thousands of additional job cuts on the upcoming Investor Day conference on Jun 9. This was first reported by Sky News. Though the actual figures are not known, around 10,000–20,000 jobs are set to be slashed over the next two years. […]

Novartis AG NVS presented data from the ongoing phase II clinical study on pipeline candidate CTL019, an investigational chimeric antigen receptor (CAR) T cell therapy at the 51st Annual Meeting of the American Society of Clinical Oncology held in Chicago this year. The study was conducted by the University of Pennsylvania's Perelman School of Medicine in adults with relapsed or refractory (r/r) diffuse large B-cell lymphoma and follicular lymphoma. Data showed that 13 of 19 evaluable patients responded to the therapy […]

STAG Industrial, Inc. STAG , the Boston, MA-based real estate investment trust (“REIT”) recently declared its acquisition and leasing activities for May 2015 as well as for the five months ended May 31, 2015. The company also announced the at-the-market (“ATM”) stock offering results for May 2015. […]

LaunchPad Medical, LLC recently entered into a definitive license agreement with Stryker Corporation SYK for the latter’s bone adhesive technology, which is currently covered by four issued and three pending U.S. patents. Under the terms of the newly inked deal, LaunchPad Medical has received an exclusive global license to commercialize Stryker’s technology […]

Leveraging its takeover of Covance, Laboratory Corporation of America Holdings LH recently entered into a strategic partnership with Japan-based Sysmex Corporation – a leading clinical laboratory services provider. Under the terms of the collaboration, Sysmex Inostics – a subsidiary of Sysmex Corporation – will offer reagents and associate services that will enable Covance’s central labs to perform molecular genetic analyses to facilitate clinical trials in oncology. The collaboration reflects LabCorp’s efforts to bolster its footprint further in the global billion-dollar oncology market. […]

Lead defense contractor Northrop Grumman Corporation NOC has secured a combined order worth $111 million for providing hardware and support for its Large Aircraft Infrared Countermeasure (“LAIRCM”) system. The latest order is a modification of a previously awarded fixed-price contract from the U.S. Air Force. […]

Dollar General Corporation DG reported first-quarter fiscal 2015 results, wherein earnings of 84 cents a share beat the Zacks Consensus Estimate by a couple of cents, and rose 16.7% from the year-ago period on the back of higher sales. Net sales of this discount retailer increased 8.8% to $4,918.7 million but came below the Zacks Consensus Estimate of $4,942 million. […]

Zimmer Holdings, Inc. ZMH has finalized agreements necessary for the divestment of some of its assets, fulfilling an integral part of the closing conditions of the mega $13.4 billion Biomet deal. According to the company, it has reached agreements to sell out certain of its Unicompartmental High-Flex Knee System assets, Biomet Discovery Elbow System assets and Cobalt bone cement assets in the U.S […]