Month: June 2015

Shares of Carnival Corporation CCL hit a new 52-week high of $51.00 during the trading session on Jun 25, on the back of impressive second-quarter 2015 results reported on Jun 23. Further, the company’s strong guidance for fiscal 2015 earnings caught investors’ attention. Carnival’s adjusted earnings of 25 cents per share comfortably surpassed the Zacks Consensus Estimate of 16 cents as well as management’s guidance range of 11–15 cents. […]

L-3 National Security Solutions Inc., a business unit of L-3 Communications Holdings LLL , has won a fixed-price, indefinite-delivery/indefinite-quantity (“IDIQ”) Foreign Military Sales (FMS) contract worth $95 million on Jun 24, 2015. As per the contract, L-3 National Security Solutions will support air operations center training for Royal Saudi Air Force personnel in Saudi Arabia. L-3 National Security Solutions will complete the work under the contract by Jun 23, 2020 […]

3M Company MMM took a step further in its continued initiatives to protect and license its patented technologies in diverse areas of ceramic-based dental restorations. The diversified conglomerate filed a patent infringement lawsuit in Düsseldorf, Germany, on Jun 23, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges that Zirkonzahn’s instructions for sintering of Zirkonzahn’s zirconia blocks led to an infringement of 3M’s European Patent No […]

Premium IP networking, ultra-broadband access and cloud technology service provider Alcatel-Lucent ’s ALU growing presence in emerging markets provides the company with reasons to celebrate. After being selected to provide 100G optical transport network for one of Thailand’s leading telecom companies, Advanced Info Service Public Company Limited (AIS), Alcatel-Lucent is now all geared up to deploy small cells technology for the company. […]

Radian Group Inc. ’s RDN senior unsecured debt was recently upgraded to B1 by Moody's Investors Service – a credit rating business of Moody's Corporation MCO . The outlook remained positive […]

On Jun 25, 2015 Allied World Assurance Company Holdings, AG AWH hit a new 52-week high of $44.03 per share. The rise in share price was driven by the launch of a strong cyber security initiative by the company – FrameWRX. […]

A recent development was witnessed in the long-drawn bidding war between Cypress Semiconductor Corporation CY and Uphill Investment Co to take over Integrated Silicon Solution Inc. ISSI . Cypress recently raised its offer price again for all the outstanding stock of Integrated Silicon to $22.60 or a total of $717.8 million. […]

BioMed Realty Trust Inc. BMR disclosed signing of a 20-year lease with Illumina Inc. […]

Gogo Inc. GOGO at its Analyst and Investor Day said that it now expects full year adjusted EBITDA at the higher end of its previously announced range. […]

Waste Management, Inc. WM launched a new fleet of Compressed Natural Gas (“CNG”) fuelled trucks, representing an investment of over $13 million in the community. […]

Shares of Michael Kors Holdings Ltd. KORS touched a 52-week low of $45.23 yesterday, before closing trade at $45.37. […]

U.S. telecom behemoth AT&T Inc. T has decided to invest $3 billion to expand high-speed mobile Internet network in Mexico […]

On Jun 25, we issued an updated research report on Netherlands-based chemical giant, LyondellBasell Industries LYB . LyondellBasell’s profit shot up year over year in the first quarter of 2015, reported on Apr 24, supported by higher margins in its olefins and polyolefins business in the Americas and lower raw material costs. Adjusted earnings outstripped the Zacks Consensus Estimate […]

It hasn’t been long since the storm following Lululemon Athletica Inc. ’s LULU yoga-pants recall calmed down, that the company issued another product recall. However, this time the recall is not associated with any wardrobe malfunction. […]

Low-cost carrier JetBlue Airways Corp. JBLU has decided to operate flights between New York's John F. Kennedy International Airport (JFK) and Antigua's V.C […]

Per media reports, U.S. energy giant Chevron Corporation CVX is selling its stakes in two more Nigerian shallow water offshore oil blocks. The sale includes Chevron’s 40% stakes in the Oil Mining Leases (OMLs) 86 and 88, located in the Niger Delta. […]