Month: June 2015

Mergers & Acquisitions

United Airlines and Azul Brazilian Airlines Form Long-Term Strategic Partnership

June 26, 2015 0

United Airlines and Azul Brazilian Airlines Form Long-Term Strategic Partnership – United to make $100 million strategic investment in Azul – Carriers announce plans to codeshare on routes between U.S. and Brazil, in addition to other points in North and South America, subject to government approval – More choice and convenience for travelers to and from destinations throughout Brazil PR Newswire SAO PAULO and CHICAGO, June 26, 2015 SAO PAULO and CHICAGO , June 26, 2015 /PRNewswire/ — United Airlines and Azul Brazilian Airlines today announced a new strategic partnership in which United will acquire an approximate 5 percent stake in Azul, Brazil’s third-largest airline, paving the way for the carriers to cooperate on a range of customer benefits including codesharing of flights (subject to government approval), expanded connection opportunities on routes between the United States and Brazil , in addition to other points in North and South America , and joint loyalty-program participation. […]

Mergers & Acquisitions

Meteor Agrees To Acquire Percolate Studio To Further Advance as the JavaScript App Platform Industry Leader

June 26, 2015 0

Meteor Agrees To Acquire Percolate Studio To Further Advance as the JavaScript App Platform Industry Leader The addition of Percolate Studio expands customer success capabilities to maximize productivity and accelerate application deployment for customers with first commercial offering PR Newswire SAN FRANCISCO, June 26, 2015 SAN FRANCISCO , June 26, 2015 /PRNewswire/ — Meteor Development Group (MDG), the creator of the first unified JavaScript application development platform for mobile and web, today announced an agreement to acquire Percolate Studio . Percolate Studio designs and engineers digital products and has significant, direct experience in building, deploying and supporting production apps with Meteor. Percolate team members will join Meteor in a variety of roles across the company such as product development and customer success […]

Stock Analysts

Time Warner Cable Faces Net Neutrality Complaint

June 26, 2015 0

Time Warner Cable Inc. TWC , the second largest cable MSO (multi service operator) in the U.S., is facing a serious complaint for allegedly violating the new set of net neutrality rules adopted by the Federal Communications Commission (FCC). Recently, Commercial Network Services (CNS), a virtual server and streaming media provider, has filed an informal complaint with the FCC citing that Time Warner Cable has violated net neutrality law's "no paid prioritization" and "no throttling" sections […]

Stock Analysts

Broadcom Collaborates with Chinese Firms to Boost Presence

June 26, 2015 0

In a definite sign of the evolving market dynamics in China from a manufacturing base to a power house in design and development, leading semiconductor solutions provider Broadcom Corporation BRCM recently formed a strategic collaboration with three indigenous local manufacturing firms to augment its regional presence. The tactical move is also aimed at driving further innovation in its home entertainment and the digital home product category. Broadcom formed a joint venture agreement with leading Chinese IT infrastructure products and solution provider H3C Technologies Co […]

Stock Analysts

SVB Financial Riding High on Solid Loan & Deposit Growth

June 26, 2015 0

On Jun 25, 2015, we issued an updated research report on SVB Financial Group SIVB . Sturdy growth in loans and deposits continued to be the main driver, while elevated expenses remained the undermining factor. The company’s focus on organic growth can be witnessed in the 33% rise in net loans as well as total deposits on a year-over-year basis in the first quarter of 2015. […]

Stock Analysts

Avis Budget Boards Southwest Airlines to Reach Consumers

June 26, 2015 0

Avis Budget Group Inc. CAR announced that it has entered into a new multi-year partnership marketing deal with Southwest Airlines Company LUV , expanding upon their existing alliance. The agreement will allow Avis Budget to offer products and services of its Avis Car Rental, Budget Car Rental and Payless Car Rental brands to Southwest Airlines’ customers with money-saving offers […]

Mergers & Acquisitions

International Business Systems (IBS) to be Acquired by Marlin Equity Partners

June 26, 2015 0

International Business Systems (IBS) to be Acquired by Marlin Equity Partners Leading private equity firm sees opportunities to continue company’s growth trajectory PR Newswire STOCKHOLM, June 26, 2015 STOCKHOLM , June 26, 2015 /PRNewswire/ — International Business Systems (IBS), a global leading integrated ERP, WMS and supply chain solution provider, announced today a definitive agreement for the business to be acquired by Marlin Equity Partners, a global investment firm with more than $3 billion of capital under management. The acquisition will enable IBS to accelerate its already rapid growth rate while enhancing its commitment to customer success. “We are excited to partner with a premier global investment firm like Marlin because it will help us significantly increase our competitive advantage, and accelerate investment in our products and services to enhance our value creation for customers,” said Douglas Braun , CEO of IBS. […]

Mergers & Acquisitions

The Hertz Corporation In Exclusive Negotiations With Loxam Group For Potential Acquisition Of The France And Spain Businesses Of Hertz Equipment Rental Corporation

June 26, 2015 0

The Hertz Corporation In Exclusive Negotiations With Loxam Group For Potential Acquisition Of The France And Spain Businesses Of Hertz Equipment Rental Corporation PR Newswire NAPLES, Fla., June 26, 2015 NAPLES, Fla. , June 26, 2015 /PRNewswire/ — The Hertz Corporation (NYSE: HTZ) has announced that it has entered into exclusive negotiations with the LOXAM Group (Loxam) for the potential acquisition of the France and Spain businesses of Hertz Equipment Rental Corporation (HERC) through the transfer of the entire share capital of Hertz Equipement France SAS and Hertz Alquiler de Maquinaria, SLU. […]

Economic Data

Nike’s Quarterly Report And News From Greece And China Provides Markets Backdrop – Economic Highlights

June 26, 2015 0

Encouraging news from Nike ( NKE ) in its quarterly report, a fall-off in Chinese markets and Greece-centric concerns about the economically beleaguered country defaulting on their deadline Monday inform investors in the pre-market. We’re seeing these pressures working toward a slightly lower opening. However, with the Russell indexes planning to swap equities later today, we do expect market activity to pick up this afternoon. […]