Month: July 2015

Starwood Hotels & Resorts Worldwide Inc. HOT recently announced that it will launch its contemporary hotel brand – Aloft – in the upscale location of the East bay side of the San Francisco Bay area in California. Named the Aloft Dublin-Pleasanton, the hotel will be owned by Zenique Hotels and is expected to open in Mar 2017. […]

We issued an updated research report on The Hartford Financial Services Group, Inc. HIG on Jun 30, 2015. […]

The past week saw an array of news updates in the airline space. Atlanta, GA-based Delta Air Lines DAL grabbed much of the attention, with it firing on all cylinders. The carrier’s row with Southwest Airlines LUV over gates at the Dallas Love Field airport reached a settlement, albeit temporarily, with the latter agreeing to let Delta operate out of the airport for the time being […]

Homebuilders have once again captured the limelight after one of the nation’s largest builders, Lennar Corporation LEN , announced another solid quarterly result last week. After a strong first-quarter performance, the Miami, FL-based company beat the Zacks Consensus Estimate on both revenues and earnings in the second quarter. Adjusted earnings of 79 cents per share increased 30% year over year driven by solid revenues and improved SG&A leverage […]

Advanced Micro Devices AMD is reportedly getting a lot of attention these days from probable acquirers and, according to gaming site, KitGuru, this time it is none other than Microsoft MSFT . After Qualcomm QCOM and Samsung SSNLF , sources close to the matter are saying that apparently Microsoft is weighing an offer for Advanced Micro, as it is looking to enhance its chip design operations. Microsoft: A Perfect Suitor […]

Toyota Motor Corporation TM announced that the new Toyota Mirai hydrogen fuel cell electric vehicle will be the longest-range zero-emission vehicle in the market. Toyota Mirai has achieved the EPA-estimated driving range rating of 312 miles per tank. The vehicle will be introduced in California this fall […]

Ball Aerospace & Technologies Corp., a unit of Ball Corporation BLL , has powered the Joint Polar Satellite System (JPSS-1) satellite. This marks a significant milestone for on-time delivery to the National Oceanic and Atmospheric Administration (NOAA) with a planned early 2017 launch. After being powered on, the satellite performed within specifications […]

Shares of TriMas Corporation TRS went up 0.7% following the completion of the earlier announced tax-free spin-off of its Cequent businesses. Effective tomorrow, the newly formed company, Horizon Global Corporation will begin trading as an independent public company on the NYSE under the symbol “HZN.” The process has been ongoing since Dec 2014 when TriMas announced that its Board has approved the decision to spin off its truck and trailer accessories unit, Cequent, into a new stand-alone, publicly traded company. The move reflected TriMas’ continued commitment toward enhancing shareholder value through active management of business portfolio and organizational focus […]

Willis Group Holdings plc WSH inked a deal to take over the majority stake in Towers Watson TW . The transaction is expected to close by this year end, pending approval from shareholders of both companies and customary closing conditions. With optimism surrounding the merger, shares of Willis Group gained 3.3% in the last trading session to close at $46.90 […]

U.S. raw steel production for the week ending June 27 inched up 0.4% on a week-on-week basis as output rose from steel mills across the nation’s two biggest steel-producing regions – Great Lakes and Southern, according to the latest report from the American Iron and Steel Institute ("AISI"). The gain follows a 1.2% decline for the week ending June 20 […]

Peabody Energy Corporation BTU , a leading coal mining company, has announced that its second quarter 2015 adjusted EBITDA and adjusted EPS were adversely impacted by weather-related shipment issues in the Southern Powder River Basin and lower seaborne coal pricing. Peabody during its first quarter release had guided that second-quarter 2015 adjusted EBITDA will be in the range of $135 million to $175 million while it will incur a loss per share of 59 cents to 49 cents. […]

Solar panel manufacturer Yingli Green Energy Holding Company Limited YGE announced that it has issued project bonds for a four-megawatt (MW) solar project following the completion of bond financing of $3.2 million (RMB 20 million yuan). The company’s project financing partners include Tianjin Xinhai Financial Leasing Co., Ltd. (Xinhai Leasing) and Principal Shield (Xiamen) Financial Technical Service Co., Ltd […]

The aerospace behemoth The Boeing Co. BA and its Brazilian peer Embraer SA ERJ have teamed up to boost the environmental performance of the aviation industry through the ecoDemonstrator program. Under a Memorandum of Understanding signed between the two aerospace majors at the Brazil-U.S. […]

Diageo plc. DEO recently announced leadership changes in its struggling North American business in an attempt to instigate some growth in the segment. Diageo announced that Deirdre Mahlan, who is currently operating as Chief Financial Officer, will replace Larry Schwartz and will take up the position of President North America. […]