Month: July 2015

Aluminum giant, Alcoa Inc. AA said that it will permanently shut down its Pocos de Caldas primary aluminum smelter in Brazil on Jun 30, 2015. […]

Microsoft Inc. MSFT revealed the latest addition to its Skype for Business (Lync). […]

Facebook, Inc. FB has finally introduced a person to person payment feature on its messenger service nationwide. Users can easily send money to anyone on their friends list without accessing third party fund transfer services […]

Pandora Media, Inc. P recently closed the acquisition of leading online music analytics provider – Next Big Sound. The financial terms of the deal remain undisclosed […]

Goldcorp Inc. GG has announced the closing of secondary offering of the shares in Tahoe Resources Inc. The company has closed secondary offering of 58,051,692 common shares of Tahoe, on a bought-deal basis, at a price of C$17.20 per share for gross proceeds of roughly C$1 billion. […]

The U.S. Energy Department's weekly inventory release showed that crude stockpiles rose unexpectedly, snapping an eight-week streak of decline. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago level […]

Mitsubishi UFJ Financial Group, Inc. MTU , the world’s largest bank-holding company, is seeking to expand its consumer banking business in Asia. The company has zeroed in on India, Indonesia and Philippines for the same, according to Bloomberg. […]

Shares of major airlines stocks like Delta Air Lines DAL , United Continental Holdings UAL , American Airlines Group AAL , Southwest Airlines LUV , JetBlue Airways Corporation JBLU and Virgin America VA took a battering on the first day of July following a report appearing in the Associated Press of a probe by the Department of Justice (DOJ) on the possibility of unlawful co-ordination by some carriers. With airline stocks plummeting on the news, the NYSE ARCA Airline index declined 1.53% to $92.55 on Jul 1. DOJ Concern Airline stocks are under the scanner as the government antitrust investigation intends to find out whether carriers illegally coordinated and consequently expanded at a slower pace to limit the availability of seats with the objective of keeping airfares high. […]

Markets had a disappointing week, experiencing severe losses on all but one day. Investors ignored a rate cut as stocks continued to move lower on Monday. […]

U.S. light-vehicle sales increased 3.9% year over year to 1.48 million units in Jun 2015. […]

Will the old days return to the coal companies or is it just a passing chimera? When the Supreme Court suggested earlier this week that the Environmental Protection Agency (“EPA”) will review its Mercury and Air Toxics Standards (“MATS”), it brought a glimmer of hope for some coal and utility companies in the U.S. In a 5 to 4 majority, the Supreme Court deduced that the EPA did not properly consider the cost before crafting the mercury emission standards for the power companies […]

We issued an updated research report on Weyerhaeuser Company WY on Jul 1, 2015. The company is one of the leading U.S. […]

Share price of Acadia Healthcare Company Inc. ACHC increased 2.11% ($1.65) to close at $79.98 on Jul 1, 2015, following the acquisition of Belmont Behavioral Health. […]

Deutsche Bank AG ’s DB newly appointed co-chief executive officer (CEO) John Cryan seems to be set for revamping the bank. John Cryan , in a letter to the employees on his first day of job, hinted that he will reduce the company's trading operations. He stated, “No longer, however, can our securities and derivatives trading businesses be so heavily reliant on long-term balance sheet usage […]

Teva Pharmaceutical Industries Limited TEVA and Xenon Pharmaceuticals Inc. XENE reported disappointing top-line results from a phase IIb study on their pain management candidate, TV-45070 (4% and 8% w/w ointment). The study was being conducted for the treatment of patients suffering from chronic pain due to osteoarthritis (OA) of the knee […]