Month: July 2015

In an attempt to bring back customers to its U.S. restaurants, McDonald's Corp. […]

In a major relief to Abiomed Inc ABMD , the U.S. Department of Justice (DOJ) recently closed investigations into the company’s marketing and labeling practices related to Impella 2.5 device, without taking any enforcement action. […]

Tiffany & Co. TIF , one of the leading makers of fine jewelry, has been facing slumping revenues for some time now. In the first quarter of fiscal 2015, the company’s sales fell 5% year over year. […]

The demand for hotels in the international market is greater than in the U.S. and the pace of economic recovery is particularly fast. Therefore, a number of leading hoteliers are busy expanding overseas. […]

On Jul 1, 2015, shares of Euronet Worldwide, Inc. EEFT scaled a new 52-week high of $62.85 on the back of the latest acquisition and global ATM expansion. […]

Archer Daniels Midland Company ADM has formed a 50–50 joint venture (JV) with the Berg family-owned Quality Liquid Feeds Inc., in a stride to expand capabilities of its livestock business and increase profitability. Named as Alliance Liquid Feeds, the joint venture will produce and sell liquid feed supplements for livestock in parts of Western United States. Under the joint venture, both companies will equally own four liquid feed manufacturing plants and the Loomix brand […]

We have issued an updated research report on Lennar Corporation LEN on Jul 1, 2015. After the solid first-quarter performance, the Zacks Rank #1 (Strong Buy) company reported strong second-quarter results on Jun 24. […]

Kraft Foods Group, Inc. ’s KRFT shareholders approved its pending merger with H.J. […]

Shares of Ametek Inc. AME hit a new 52-week high of $55.60 on Jul 1, eventually closing at $55.50. […]

Notwithstanding a long list of apprehensions, 2015 has so far been a great year for some corners of the investment universe. Stepped-up economic activities, rising business and consumer confidence, an improving job market, recovering housing fundamentals and an accommodative monetary policy stance indicate that the winter blues are done with. The U.S economy is thus showing a steady turnaround. […]

Leading U.K.-based brewer Diageo plc DEO sold off its luxury hotel and golf resort Gleneagles located in Scotland, yesterday to cut costs and boost profits and as a measure to focus on its core brands. The hotel was divested to private-equity firm Ennismore Capital for an undisclosed amount. […]

Chesapeake Energy Corporation CHK has inked an agreement with Denver-based FourPoint Energy to divest assets owned by two of its subsidiaries – Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC. The total value of the deal has been fixed at $840 million. The company’s share price, however, has been trending downward post-announcement and has shown a fall of more than 5%. […]

On Jul 1, 2015, we issued an updated research report on AptarGroup, Inc. ATR . […]

In order to gain more operating efficiency as well as to generate synergies from the recent acquisition of Exelis, leading supplier of communications equipment and services Harris Corp. HRS decided to reorganize its business segments. Harris took over Exelis on May 29, 2015 for $4.75 billion […]

Conflict between programmers (content developers) and distribution network operators (pay-TV operators) is common in the U.S. media industry. […]

DuPont DD has completed the earlier announced separation of its performance chemicals unit through the spin-off of The Chemours Company, a leading manufacturer of titanium dioxide (TiO2). Chemours – earlier a part of DuPont – is now an independent, publicly traded corporation. Chemours has started "regular-way" trading on Jul 1, under the ticker symbol “CC.” Mark Vergnano, who had been overseeing the performance chemicals unit since 2009, is the president and CEO of the new independent entity. […]