Month: July 2015

EnPro Industries Inc. NPO , through its subsidiary STEMCO, recently acquired the Veyance North-American air spring business as well as Super Cushion and Spring Ride air springs from Continental Corporation’s ContiTech division. Financial terms of the deal were kept under wraps. […]

Huntington Ingalls Industries, Inc. HII announced that the Newport News Shipbuilding unit has received an indefinite-delivery-indefinite-quantity contract from Puget Sound Naval Shipyard. The contract was placed for assisting Puget Sound Naval Shipyard and Intermediate Maintenance Facility with maintenance work on the aircraft carriers USS Nimitz (CVN 68) and USS Carl Vinson (CVN 70). […]

Kite Pharma, Inc. KITE has struck yet another deal – the company entered into a collaboration agreement with The Leukemia & Lymphoma Society (LLS) for the development of its lead pipeline candidate, KTE-C19, for the treatment of patients with refractory aggressive non-Hodgkin lymphoma (NHL). […]

U.S. auto sales data for June and the first half of 2015 grew year over year. […]

Driven by its strong liquidity position, Bank of the Ozarks, Inc. OZRK has increased its dividend for the 20th consecutive quarter. […]

Strengthening its fixed income assets, Janus Capital Group, Inc. JNS completed the acquisition of 51% stake in Australia based Kapstream Capital Pty Limited. The deal includes around $85 million as an initial upfront cash consideration […]

The Boeing Company ’s BA shares edged up 1.45% after yesterday’s trading session to close at $140.73, on the back of three orders from the U.S. Department of Defense (DoD). The largest order worth $358.9 million was essentially a modification of a previous contract for the procurement of long-lead items for the manufacture and delivery of aircraft […]

Diversified coal supplier Alpha Natural Resources ANR announced that its unit Pennsylvania Services Corporation (PSC) has acquired the remaining 50% interest in its natural gas exploration and production joint venture (JV), Pennsylvania Land Resources Holding Company, LLC (PLR), from EDF Trading Resources, LLC (EDFTR). Alpha Natural Resource had to dish out $126 million for acquiring complete ownership. This is indeed a well thought out move from Alpha Natural Resources giving the company exclusive control over a highly economic property in the lucrative Marcellus Shale […]

Raytheon Co. RTN received a TACOM Strategic Service Solutions (“TS3”) indefinite delivery/indefinite quantity or IDIQ contract from the U.S. Army […]

The Ensign Group Inc. ENSG is on an acquisition spree. […]

ABB Ltd.’s ABB – the Swiss power and automation technology multinational – name has almost become synonymous with the vision of countries that aim to develop a robust infrastructure. After helping multiple European countries to comply with their respective government’s stringent energy-initiative programs, the company is now ready to aid the economy of Qatar to rise up in the scale of fine infrastructures. In particular, the company has won an $85-million contract to develop turnkey substations that will be capable of amalgamating electricity from a new independent water and power plant (“IWPP”) with existing grids. […]

Hess Corporation HES has farmed out a 50% stake in its Bakken midstream assets to Global Infrastructure Partners for a cash consideration of $2.675 billion. Hess and Global Infrastructure Partners joined forces to form a premier midstream joint venture, named Hess Infrastructure Partners. […]

Petroleo Brasileiro S.A. or Petrobras PBR declared that it might divest part of its Brazilian fuel distribution arm. The move reflects the integrated energy firm’s intention of strengthening the balance sheet by lowering its mounting debt […]

Placidity has ruled American equities for a long time now, with the S&P 500 Index having gone 6 years without a meaningful pullback. In recent months, this lull has become even more pronounced, with the broader markets being locked in a very tight range. However, we all know that fear doesn't last forever, and neither does complacency […]

Credit card giant MasterCard Incorporated MA is trying to brace up cyber security by all means. In this regard, the company will enable consumers to authenticate their transactions using facial recognition. This technology will allow customers to make payments through their cards by simply scanning their face. […]

Though most telecom stocks lost value over the last week, the sector witnessed a number of important events. Notable among the many developments is a recent Reuter report which stated that U.S. telecom behemoth, AT&T Inc. […]

Exelixis Inc. ’s EXEL shares dropped 7.2% as the company announced that the FDA is extending the review period for partner Roche’s RHHBY new drug application for skin cancer candidate, cobimetinib by three months. A response from the FDA should now be out by Nov 11, 2015 […]

Sprint Corp. S has tied up with Europe’s leading wireless retailer – Dixons Carphone. […]

Jones Lang LaSalle Incorporated JLL , which operates under the brand “JLL,” announced that it has inked a deal to acquire LodgeTax, a firm with expertise in hotel real estate tax services and consulting. This acquisition will enhance the Chicago, IL-based real estate service provider’s scope to offer real estate tax consulting services to clients as part of its hospitality program. Though subject to certain customary closing conditions, the acquisition is slated to close within few weeks. […]

We issued an updated research report on Ball Corporation BLL on Jul 1, 2015. Performance of this metal and plastic packaging company will mainly be hurt by adverse currency translation. Elevated aluminum premiums, pricing pressure in China and weak demand in Brazil also remain headwinds for Ball Corporation. […]