Month: July 2015

ReneSola Ltd SOL announced that it has sold its 6.4 megawatt (MW) Field House utility scale project in the United Kingdom to funds managed by Foresight Group. ReneSola is gradually transitioning toward downstream development and servicing from OEM manufacturing. The monetization of the Field House utility scale solar project is part of this transition […]

Video game stocks weren’t immune to the global market downtrend as a result of the Greece debt crisis and continued to slide over the past week. Some important events from the past five days include rising viewership of Twitch.tv, thanks to the Electronic Entertainment Expo (E3) and the announcement of a game based on Demi Lovato – the latest celebrity to join the video game industry. […]

Six weeks after reaching a multi-billion settlement with regulators in UK and the U.S. , major banks might need to pump up their legal reserves again, as 15 of the world’s largest banks are on the radar of Brazil’s antitrust watchdog Administrative Council for Economic Defense or “CADE”. […]

Health Net, Inc. HNT and Centene Corporation CNC have entered into an agreement pertaining to which the latter will acquire all the shares of the former to form a combined entity. The total consideration of the deal is $6.8 billion, including cash, stock and $500 million of debt. […]

Automotive retailer AutoNation, Inc. ’s AN total retail sales of new vehicles increased 9% year over year to 27,862 units in Jun 2015. On a same-store basis, retail new vehicle sales improved 7% from the year-ago figure. […]

Applied Genetic Technologies Corporation AGTC was up approximately 17% after it announced a collaboration and license agreement with Biogen BIIB for the development of gene-based therapies for multiple ophthalmic diseases. The transaction is expected to close in the third quarter of 2015. […]

BP plc BP , one of the largest energy firms in the world, agreed to an $18.7 billion settlement of all federal and state claims related to the 2010 Gulf of Mexico (GoM) oil spill. This is touted as the worst spillage in the history of the U.S. The explosion occurred in 2010, when Transocean Ltd’s RIG deepwater horizon semi-submersible mobile offshore drilling rig was working for BP in the Macondo Prospect, an oil field located off shore Louisiana in the GoM. […]

Royal Dutch Shell plc RDS.A has decided to proceed with the Gulf of Mexico (GoM) based Appomattox deepwater project although the business scenario looks challenging with crude prices still at low levels. Per the company, the development will likely be operational by the end of this decade. The project includes the installation and construction of a floating platform in the GoM. […]

Brazilian state-run energy company Petroleo Brasileiro S.A. or Petrobras PBR announced that it has entered into a deal with PetroRio S.A – engaged in oil and gas exploration, and production activities. Per the agreement, Petrobras will likely divest its 20% interest in the concessions of Bijupirá and Salema oil and gas fields, located at water depth of 480–850 meter in the Campos Basin. […]

Broadcasting FIFA Women’s World Cup 2015 tournament has paid off for Twenty-First Century Fox, Inc FOXA . Fox Sports Network has witnessed escalating viewership as the tournament progressed, indeed much to the pleasure of the sponsors. The first semi-final match between the USA and Germany that had an average audience of 8.4 million, became the highest watched football world cup semi-final in the United States. […]

Premium mining companies such as Rio Tinto plc RIO are currently in hot waters, as iron ore prices continue to slide over time, primarily due to increased productivity and unhealthy industry rivalry. Iron Ore Price Trend Growth of modern economies is always pioneered by an adequate supply of iron ore. […]

Shares of the money transfer leader Western Union Co. WU plunged 6.9% to close at $18.99 in the last trading session, after the news that PayPal will acquire Xoom Corporation XOOM for $890 million became viral. […]

Emerson Electric Co. EMR – a pioneer provider of engineering and technical services, has agreed to acquire Yggdrasil, a premium provider of flow assurance and production optimization software. Emerson Process Management, a leading business unit of the company which focuses on automating production, processing and distribution of businesses, has integrated Yggdrasil’s METTE solution with its Roxar reservoir management software portfolio […]

We have initiated coverage on Dominion Resources, Inc. D . The company’s growth centric projects like the construction of combined-cycle natural gas plants, heavy expansion of the midstream business and presence of green energy assets will unlock greater value for its shareholders […]

Mall-based apparel retailer, Aeropostale, Inc. ARO announced that it has entered into licensing agreements with India-based Arvind Lifestyle Brands Limited and Indonesia-based PT Mitra Adiperkasa TBK with an aim to expand in these countries. Shares of the company jumped 9.2% on the news. […]

Honeywell International Inc. HON announced that it will back the efforts of the U.S. Environmental Protection Agency (“EPA”) to curb the usage of hydrofluorocarbons (HFCs) causing high global warming, in applications ranging from refrigerants to aerosols and foam-insulation blowing agents. […]