Month: June 2015

Mindray Medical International Limited MR recently announced that its board of directors has formed a special committee to review the previously announced non-binding proposal related to the company going private. Earlier this month, the company announced the receipt of a non-binding proposal by three of its top executives to take it private. The proposal letter was forwarded by Li Xiting, Executive Chairman of the board, President and Co-Chief Executive Officer (CEO); Xu Hang, Chairman of the board and Cheng Minghe, Co-CEO and Chief Strategic Officer […]

On Jun 24, 2015, shares of Chesapeake Energy Corp. CHK closed at a 52-week low of $11.55. […]

Yesterday, Corning Incorporated GLW announced its plans to invest in a new Gen 8.5 liquid crystal display (LCD) glass substrate finishing facility in Chongqing. The company did not divulge the funding level for this venture. The New Facility The new finishing facility is set to become the company’s second LCD plant in China, the first one being a melting and finishing LCD plant in Beijing. […]

The Walt Disney Company DIS has hiked its annual dividend by 15% to $1.32 per share, to be payable semi annually henceforth. The first semi-annual dividend of 66 cents, covering the first half of fiscal 2015, will be paid on Jul 29 to shareholders of record on Jul 6. […]

McKesson Corporation MCK has reiterated its earnings guidance for the fiscal year ending Mar 31, 2016. Recap of FY16 Outlook We remind investors that the company had provided its outlook for fiscal 2016 at the time of announcing its fourth quarter and full year fiscal 2015 results. McKesson continues to expect adjusted earnings in the range of $12.20–$12.70 per share in fiscal 2016 […]

We initiated our research report on Annaly Capital Management, Inc. NLY on Jun 24, 2015. […]

This morning the Supreme Court ruled in favor of tax subsidies under the Affordable Care Act in King v. Burwell with a 6-3 decision. […]

We have issued an updated research report on Morgan Stanley MS on Jun 24, 2015. We believe the company’s consistent growth, diversified product portfolios, enhanced capital deployment plans and restructuring efforts aptly differentiate it from peers. […]

Medtronic plc ’s MDT next-generation transcatheter aortic valve replacement (TAVR) device – the CoreValve Evolut R System – is now commercially available in the U.S. market following its approval by the FDA. […]

Airline behemoth Delta Air Lines DAL has inked a three-year sponsorship deal with Chelsea Football Club. However, financial terms of the transaction have not been revealed. We note that this is not the first time that the two big international names are coming together […]

Molecular diagnostics provider Genomic Health Inc. GHDX recently unveiled results from a multi-center clinical utility study, demonstrating the significance of its Oncotype DX DCIS Score in recommending suitable treatment options for ductal carcinoma in situ (DCIS) patients. The study results were published in the renowned Journal of Surgical Oncology. […]

Medidata Solutions Inc .’s MDSO cloud-based clinical research solution continues to gain new users. Medidata Rave was recently selected by Japanese biotherapeutics company JCR Pharmaceuticals to power its research on developing treatment for Fabry disease in Japan. JCR is developing therapeutic enzymes to treat lysosomal storage diseases (including Fabry disease), a group of rare genetic disorders which affect a minor percentage of the population. […]

On Jun 24, 2015, we issued an updated research report on Healthways Inc. HWAY , a global provider of health management solutions. The company’s first-quarter 2015 results were dismal with both the top and the bottom line falling short of the Zacks Consensus Estimate. […]

Fluidigm Inc. FLDM recently announced that its new Callisto system is available for pre-order. […]

DuPont DD declared that its business unit – DuPont Protection Technologies – has signed extrajudicial settlement agreements in two counterfeit situations that involved the supply of fake DuPont Nomex protective apparel to the oil and gas industry in Southeast Asia and Central Europe. Financial details of the agreement were not disclosed. […]

We initiated a research report on Xoom Corporation XOOM on Jun 23, 2015. Xoom is one of the leading digital consumer-to-consumer international money transfer service providers. The company provides its customers with convenient, fast and cost-effective money transfer and bill-payment solutions […]

Liberty Property Trust LPT has reaped proceeds of $110.3 million by selling its entire office and flex portfolio in the Hampton Roads area to Lingerfelt CommonWealth Partners. The portfolio consists of 22 properties and spans a total of 1.3 million square feet of space as well as 3.099 acres of land. It also enjoyed leasing of 89.1% at closing. […]

We updated our research report on VeriSign Inc. VRSN on Jun 24, 2015. […]