Month: July 2015

Ball Aerospace & Technologies Corp., a unit of Ball Corporation BLL , has delivered optical reference flight units to National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL) for the Gravity Recovery and Climate Experiment (GRACE) Follow-On Mission. GRACE, a joint mission of NASA and the German Aerospace Center, DLR, with its twin satellites launched in 2002, is making detailed measurements of Earth's gravity field. GRACE Follow-On mission, designed to attain greater accuracy in measuring changes in Earth's water resources over land, ice and the ocean, is scheduled for launch as early as 2017 […]

The Chubb Corporation ’s CB subsidiaries – Chubb Group of Insurance Companies – were recently assigned financial strength rating (FSR) of A++ (Superior) and the issuer credit ratings (ICR) of “aaa” with negative review by A.M. Best. Additionally, Chubb Corp.’s long-term debt was assigned ICR of “aa” with negative implications. […]

Per media reports, Philip Morris International Inc. PM is selling part of its stake in its Indonesian unit — PT HM Sampoerna Tbk (“Sampoerna”). The tobacco maker currently holds a 98.18% stake in the unit […]

Orange S.A. ORAN , the largest telecom operator in France, recently divested an 80% stake of its video sharing portal – Dailymotion to French media behemoth Vivendi S.A. […]

To contribute a little more toward protecting the environment, NextEra Energy, Inc. ’s NEE primary subsidiary, Florida Power & Light Company (“FPL”), announced on Jul 2, 2015, its long-term investments to modernize its fleet of power plants. FPL’s long-term vision rests upon two primary ideas – phasing out older and less-efficient generating units and adding highly efficient and cleaner energy centers […]

The common shares of the newly formed company – The Kraft Heinz Company – will begin trading on the NASDAQ under the symbol “KHC” today. Kraft Heinz was formed following the merger of two food giants – Kraft Foods Group, Inc. and H.J. […]

The Walt Disney Company DIS reached a new 52-week high of $115.67 on Jul 2 and eventually closed trade a notch lower at $114.97, surging roughly 23.3% year to date. The upside was mainly driven by the superb box office performance of its movies. […]

The Medicines Company MDCO received disappointing news with the U.S. Court of Appeals for the Federal Circuit Court ruling against the company in its patent infringement lawsuit against Hospira, Inc. […]

Within two and a half months of the announcement, leading fabless semiconductor company Silicon Motion Technology Corp. SIMO has completed the acquisition of China-based Shannon Systems. Details of the transaction will be revealed in the company’s upcoming second-quarter fiscal results […]

Expansion moves continue at Wintrust Financial Corporation WTFC . Strengthening its footprint in Chicago, the Illinois-based bank announced the completion of the acquisition of North Bank on Jul 1. […]

The U.S. Energy Department's weekly inventory release showed an in-line increase in natural gas supplies. But despite the temporary lift from the bullish inventory news, natural gas prices remain weak as production remains plentiful and is expected to outpace demand for most of 2015. […]

Leading provider of consulting, technology, outsourcing and next-generation services, Infosys Ltd. INFY recently forayed into the Republic of Ireland, where the company plans to make noteworthy investments, going forward. […]

Shares of the online reviewing website, Yelp Inc. YELP , have been declining for quite a while now. […]

Time Warner Inc. ’s TWX initiatives such as foraying into new markets, divestment activities and digital endeavors bode well for its performance. All these strategic endeavors helped the stock to hit a new 52-week high of $89.21 on Jul 2 […]

Long Island City, NY-based JetBlue Airways Corp. JBLU has become the first carrier to operate direct charter flights on the New York-Havana route after the Obama government announced its decision to ease travel restrictions to Cuba. […]