Month: June 2015

Premium technology company FLIR Systems, Inc. FLIR took mobile technology one step ahead by commercially launching the next-generation ‘FLIR ONE’ thermal imager. […]

The Goodyear Tire & Rubber Company GT announced that it will close the mixing and retreading facility in Wolverhampton, U.K. The production line of this facility will be shifted to the existing manufacturing facilities across Europe, the Middle East and Africa (“EMEA”). […]

Shares of BOK Financial Corporation BOKF crafted a new 52-week high, touching $70.77 on Jun 25. However, the stock of this Oklahoma-based bank closed the session at $70.53, reflecting a solid return of 19% year to date. […]

General Motors Co. GM is expected to incur a pretax charge of $600 million in second-quarter 2015 due to the impact of devaluation of the Venezuelan bolivar, according to sources. Venezuela is facing challenges on account of low oil prices and currency controls which have led to a deficiency of the dollar in the South American nation […]

Shares of First Financial Bankshares Inc. FFIN scaled a new 52-week high of $34.79 in Thursday’s trading session and eventually closed at $34.69, reflecting a year-to-date return of 17.8%. The new high level breaks the recent record of $34.75 reached just the prior day […]

The U.S. Energy Department's weekly inventory release showed that crude stockpiles fell for the eighth straight week despite a rise in production. The report further revealed that refined product inventories – gasoline and distillate – both increased from their previous week levels […]

According to a media report, Boeing Co. BA plans to cut production of its 747 jumbo jets by 23% to only one per month beginning March 2016 due to weak demand for the wide-body commercial jet airliner. The Chicago, IL-based aircraft manufacturer is currently producing 747 aircraft at a rate of 1.5 per month, which would go down to 1.3 per month from September this year. […]

Statoil ASA STO recently declared that it is reorganizing its business structure and operating model to become a more competent and cost efficient firm, going forward. The company is already undergoing efficiency work via the STEP (Statoil Technical Efficiency Program) and OE (Organisational efficiency) programs. […]

Shares of Pennsylvania-based oil and gas explorer Penn Virginia Corp. PVA rallied Thursday on rumors that British energy supermajor BP plc BP could be interested in buying the company. […]

The much-awaited Supreme Court ruling in favor of the ObamaCare subsides case has removed a cloud of uncertainty that was cast so long over the health care insurance sector. Yesterday, the U.S. […]

Toyota Motor Corporation TM is recalling another 2.86 million vehicles globally to replace faulty Takata airbags. Of these, 1.729 million vehicles are in Europe, 360,000 in Japan and 190,000 in China. […]

Zacks Investment Research upgraded John Bean Technologies Corporation JBT to a Zacks Rank #1 (Strong Buy) on Jun 26, 2015. Going by the Zacks model, companies holding a Zacks Rank #1 have strong chances of performing better than the broader market. Why the Upgrade? […]

Broadwind Energy, Inc. BWEN recently announced that it has secured a tower-supply contract from a U.S.-based wind turbine manufacturer. The contract, expected to solidify the company’s position in the wind turbine market, has lifted investors’ sentiments. […]

In its April 2015 “World Economic Outlook,” the International Monetary Fund termed U.S. economic growth as “energetic.” Strong consumer spending during the holiday season was buoyed by a windfall from low crude oil prices and an improving labor market. […]

IMAX Corporation IMAX , which has seen a slew of positive developments lately, received another boost when it was selected for addition to the coveted Russell 3000 Index. The company will be inducted into the index at the conclusion of the annual reconstitution of the Russell indexes on June 26. Russell 3000 measures the performance of the largest 3,000 companies in the U.S […]

ArcelorMittal MT has supplied 900 tons of rebars for the construction of an iconic bridge across the river Wislok in Rzeszow, Poland. The 108.5 meters-tall, 400 meters-long and 29 meters-wide bridge will be the second-highest one in Poland. With a construction budget of €44 million, the bridge will be built with ArcelorMittal rebars to reinforce the structure’s concrete components. […]

On Jun 25, 2015, shares of United Fire Group, Inc. UFCS scaled a new 52-week high of $32.99 on the back of strong capital deployments. […]

Medtronic plc MDT recently announced that it has initiated a voluntary global recall of certain batches of its neonatal and pediatric Shiley tracheostomy tubes, manufactured by its recently acquired Irish counterpart Covidien. The recall includes specific lots from eight product lines of this device, which were manufactured after Nov 29, 2012. This comes as a big blow to the long-earned reputation of a renowned medical technology giant like Medtronic. […]

C.R. Bard Inc. BCR recently announced results from the LEVANT 2 clinical study that validated the superiority of its Lutonix 035 Drug Coated Balloon (DCB) compared to a standard percutaneous transluminal angioplasty (PTA) procedure […]

Wall Street is taking a keen interest in fitness and wellness, with quite a few companies in the space beginning to trade and others planning their Initial Public Offering (IPO). Planet Fitness, Inc., also known as the low-cost fitness center, is the latest to join the health and wellness-related IPO bandwagon. It is preceded by Fitbit Inc. […]