Mergers & Acquisitions

Cognizant Provides Update on Health Net Relationship; Reaffirms 2015 Guidance

Cognizant Provides Update on Health Net Relationship; Reaffirms 2015 Guidance PR Newswire TEANECK, N.J., July 2, 2015 TEANECK, N.J. , July 2, 2015 /PRNewswire/ — Cognizant (NASDAQ: CTSH) today provided an update on the status of its relationship with Health Net, Inc. (NYSE: HNT) and reaffirmed its 2015 guidance following the announcement that Health Net has entered into an agreement to be acquired by Centene Corporation (NYSE: CNC). […]

Stock Analysts

Family Dollar (FDO) Q3 Earnings Miss Estimates, Fall Y/Y

Family Dollar Stores Inc. FDO posted third-quarter fiscal 2015 earnings of 74 cents a share that fell short of the Zacks Consensus Estimate of 82 cents and declined 12.9% from 85 cents earned in the prior-year quarter. Higher cost of sales and increased selling, general and administrative expenses hurt margins, thereby impacting the bottom line […]

Mergers & Acquisitions

Palisades Hospitality Group Announces Acquisition of Iconic Palm Springs Hotel, the Colony Palms

Palisades Hospitality Group Announces Acquisition of Iconic Palm Springs Hotel, the Colony Palms Addition of Renowned Property Expands Palisades’ Hotel Collection of Distinct, Locally-Authentic Boutique Hotels in Leisure Destinations PR Newswire PALM SPRINGS, Calif., July 2, 2015 PALM SPRINGS, Calif. , July 2, 2015 /PRNewswire-iReach/ — Palisades Hospitality Group (PHG), which operates more than 30 resort, hotel and restaurant properties across leisure destinations in California , Hawaii and Mexico , and CovoCapital, a boutique real estate investment company based in San Francisco , announced today they have purchased the Colony Palms Hotel, one of Palm Springs’ most iconic and luxurious downtown hotels. PHG will operate the Colony Palms under its hotel subsidiary, a group of individually distinct hotels that emphasize an authentic and local experience […]

Mergers & Acquisitions

Mister Car Wash Expands into Illinois and Wisconsin

Mister Car Wash Expands into Illinois and Wisconsin PR Newswire TUCSON, Ariz., July 2, 2015 TUCSON, Ariz. , July 2, 2015 /PRNewswire/ — Mister Car Wash finalized the acquisition of five Octopus Car Wash locations in Rockford, Illinois and Madison, Wisconsin on June 30 th , 2015. The company now operates 157 car washes in 18 states and continues to accelerate its growth strategy by adding 21 stores to its portfolio since the beginning of the year. […]

Momentum Stocks

Bear of the Day: Oil States Intl (OIS) – Bear of the Day

Oil States Intl ( OIS ) negatively revised their guidance of the Well Site Services segment. Management cited decreased well activity, and weather related issues as the main culprits for the negative guidance. Specifically, revenue guidance was revised to between $85-90 million from between $110-120 million, and EBITDA margin guidance was revised from 19-21% to 13-14% […]

Mergers & Acquisitions

Konica Minolta Acquires Sawae, Enhancing Digital X-ray Diagnostic Imaging Systems in Brazil

Konica Minolta Acquires Sawae, Enhancing Digital X-ray Diagnostic Imaging Systems in Brazil PR Newswire TOKYO, July 2, 2015 TOKYO , July 2, 2015 /PRNewswire/ — Konica Minolta, Inc. (Konica Minolta) ( Tokyo : 4902) today announced that it has acquired Sawae Technologica Ltda., an X-ray system equipment manufacturer based in Minas Gerais, Brazil , through its Brazilian healthcare sales company, Konica Minolta Healthcare do Brazil . Local Brazil market investment and growth With Brazil’s increasing population exceeding 200 million, significant healthcare technical advancements and efficiencies are required. […]