Month: June 2015

Germany-based global software company SAP SE SAP is making some serious efforts to popularize its innovative business suit SAP HANA in the global business arena. In a recent attempt to commercialize the product further, the company has launched “a new foundational offering” that is specially tailored to suit the needs of financial services and insurance companies. However, despite the cheerfulness about the launch, SAP’s shares declined a marginal 0.4%, mainly because it was rather a lazy Tuesday for Wall Street, with stocks not rallying much on both Nasdaq and Dow index. […]

Many believed that the White House had a relatively stronger case in this second major challenge to the Affordable Care Act (aka ObamaCare) before the U.S. Supreme Court, but few seemed to believe that the White House’s position would be endorsed by such a wide margin. […]

Federal Communications Commission (FCC) has initiated its review of Charter Communications, Inc.’s CHTR proposed acquisitions of Bright House Networks and Time Warner Cable Inc. TWC – the second-largest cable multi service operator (MSO) in the U.S. In the previous month, Charter had made two major announcements pertaining to the pending deals. […]

Reportedly, leading international wireless tower operator American Tower Corporation AMT is considering the purchase of Saudi Arabian telecommunications company – Mobily's – cell tower assets. In the previous month, Mobily had reached out to international tower operators and private equity companies for the sale of its towers, clearly hinting at the fact that the company is seeking an opportunity to vend its assets. According to a report by The Wall Street Journal, Mobily possesses 10,000 towers in Saudi Arabia […]

Google Inc. GOOGL recently announced its plans to build a renewable-energy powered data center inside a former coal-fired power plant to meet the fast-growing demand for Internet usage and data storage capacity. The search engine giant plans to invest $600 million for the construction of this new data centre in Alabama […]

Specialty coffee retailer Keurig Green Mountain Inc. GMCR has been accused by a nationally recognized shareholders right law firm Robbins Arroyo LLP of misleading shareholders about its business prospects. The law firm has filed a complaint with the U.S […]

On Tuesday, Google Inc. 's GOOGL advanced research division – Google X – revealed that it is working on a health-tracking wristband. However, Apple AAPL and Fitbit FIT need not be worried since Google’s new wristband targets only doctors, physicians and researchers […]

PPG Industries ' PPG protective and marine coatings business has launched the Novaguard 810 tank storage coating. The coating provides excellent resistance to a wide range of chemical and oil products. The Novaguard 810 coating is solvent free and a single coat of it can provide the required protection to tanks holding crude oil, petroleum products, solvents and various chemicals […]

Norwegian major Statoil ASA ’s STO rig – COSL Pioneer – has been lying idle since Oct 2014. However, the company has failed to find another job for it over this duration. COSL Pioneer is a DNV-GL class GM4000 design rig and was delivered in Aug 2011 […]

Chemical maker Huntsman HUN has completed the purchase of Italy-based polyurethane elastomer maker – Tecnoelastomeri – for an undisclosed price. The buyout reinforces the company’s presence in hot-cast elastomer markets. Tecnoelastomeri, which had sales of roughly $12 million last year, makes and markets methylene diphenyl diisocyanate (“MDI”) based hot-cast elastomer systems and processing machines […]

IMAX Corp. IMAX recently struck a deal with Nigeria’s leading theater chain – Filmhouse Cinemas. […]

Drug store retailer, Rite Aid Corporation RAD has successfully closed its previously announced acquisition of TPG’s portfolio company, Envision Pharmaceutical Services (“EnvisionRx”) for roughly $2 billion. Rite Aid paid partly in cash, nearly $1.8 billion, and the balance as stock including about 27.9 million shares for the transaction. The purchase price includes the value of an anticipated future tax benefit of $275 million […]

Shares of Natus Medical Inc. ( BABY ) rallied to a 52-week high of $43.61 on Jun 24 and closed a tad bit lower at $43.26. […]

We have issued an updated research report on Lazard Ltd. LAZ on Jun 24, 2015. We believe Lazard remains well positioned over the long term, given the prevailing macroeconomic headwinds, a limited upside is expected in the near term. […]

On Jun 23, oil and gas-focused engineering and construction firm McDermott International Inc . MDR announced that it has received a ‘sizeable’ contract from LLOG Exploration Offshore, LLC. However, the financials details of the deal were not disclosed. […]

Netflix, Inc. NFLX declared a 7:1 stock split after the closing bell on Jun 23. The split will be in the form of a stock dividend of six additional shares against each outstanding share. […]

Shares of both Staples Inc. SPLS and Office Depot, Inc. ODP were trading down 4.6% and 2.4%, respectively, yesterday, after a federal judge disapproved the merger of two other companies from an altogether different sector […]