Month: July 2015

General Motors Co. GM is facing a challenging situation in Russia on account of declining sales due to a weak economy. […]

Independence Day travel weekend is poised to be the busiest for holidaymakers since 2007. According to the American Automobile Association (AAA), around 41.9 million travelers are projected to travel 50 miles or more during the weekend. Cheaper gasoline prices, an upbeat labor market and a rise in consumer confidence are prompting more number of people to plan a holiday getaway this weekend […]

Sao Paulo-based Itau Unibanco Holding S.A. ITUB is likely to experience higher investment banking revenues outside Brazil; as disclosed by Banco Itau BBA S.A. (“Itau BBA”), the company’s investment banking arm, on Wednesday. […]

Independent oil and gas company, Range Resources Corporation RRC announced that it will redeem $500 million of the outstanding principal of its 6.75% Senior Subordinated Notes due 2020 at a price of 103.375% of the unpaid principal amount plus accrued interest. The notes will be redeemed on Aug 3, 2015. At the end of the first quarter, long-term debt was $3,262.0 million, representing a debt-to-capitalization ratio of 48.3% […]

Ambarella Inc. AMBA recently acquired VisLab S.r.l. […]

Shares of Patterson Companies, Inc. PDC O) gained 1.3% to close at $49.27 on Jul 1, after the company declared that it has signed a definitive agreement to divest its medical business. The company plans to sell its medical business (Patterson Medical) to a private equity firm Madison Dearborn Partners (MDP) for $715 million in cash. […]

Express Scripts Holding Company ESRX announced data from the Exchange Pulse report, which compared prescription medication usage among exchange plan enrollees to patients enrolled in a traditional health plan between the first quarter of 2014 and the first quarter of 2015. The report also compared medication trends for exchange plan enrollees from Jan 1, 2014 to Mar 31, 2015. According to the report, enrollees in the new exchange plan spent lesser money on medications in the first quarter of 2015 year over year […]

Interactive Brokers Group, Inc. ’s IBKR Electronic Brokerage segment reported a year-over-year improvement in its brokerage metrics for Jun 2015. The segment deals with clearance and settling of trades for both individual and institutional clients on a global basis […]

Premium industrial equipment company Applied Industrial Technologies, Inc. AIT announced that its new 2015 / 2016 Applied Product Catalog is available in the market, both in digital and printed versions. […]

Medical technology developer Integra LifeSciences Holdings Corporation IART successfully completed the proposed tax-free spin-off of its subsidiary, SeaSpine Holdings Corporation, well in time. This orthobiologics and spinal fusion hardware business will begin "regular way" trading today on the NASDAQ Global Select Market under the symbol “SPNEV”. […]

Quest Diagnostics Inc. DGX has recently agreed to purchase the laboratory outreach service business of MemorialCare Health System – an acclaimed U.S.-based non-profit healthcare provider, with the majority of its operations in the Los Angeles and Orange counties. Financial terms of the deal have been kept under wraps. […]

Diagnostic testing, information and services provider Quest Diagnostics Inc. DGX recently formed a strategic alliance with end-to-end virtual care company, HealthTap, in an aim to launch virtual diagnostic testing services. Financial terms of the deal have been kept under wraps […]

On Jul 1, 2015, we issued an updated research report on Thermo Fisher Scientific Inc. TMO – scientific instrument maker and a world leader in serving science. […]

Is The Kroger Co. KR part of your portfolio? […]

Leading international wireless tower operator American Tower Corporation AMT recently announced the acquisition of nearly 4,700 mobile phone towers from India’s largest telecommunications company – Bharti Airtel Ltd. In Nov 2014, Bharti Airtel’s Netherlands-based unit had signed a deal to sell its telecommunications towers in Nigeria to American Tower for about $1.05 billion. American Tower has been aggressively expanding its portfolio through acquisitions and intends to buy over 100,000 towers by the end of 2015, through organic or inorganic means. […]

Shares of Comcast Corporation CMCSA gained 3.5% yesterday, touching a 52-week high of $62.31. However, the company ended yesterday’s trading session a trifle lower at $62.25. The company’s shares have gained 8.5% over the past six months buoyed by blockbuster releases like Fifty Shades of Grey, Furious 7 and Jurassic World . […]