In an environment-friendly move, United Airlines, the wholly owned subsidiary of United Continental Holdings UAL , announced that it is investing $30 million in California-based biofuel producer Fulcrum BioEnergy. Household trash can be converted into aviation fuel with the help of Fulcrum BioEnergy‘s technology. […]
We issued an updated research report on Colfax Corporation CFX , a specialist in providing products and services related to gas & fluid handling and fabrication technology, on Jun 30, 2015. Certain headwinds have been weighing on the company’s long-term growth potential, thus weakening its investment value in the short run. Colfax serves a wide range of customers in the U.S., Europe, Asia, the Middle East and South America. […]
A prolonged spell of low oil prices has bashed energy companies, especially the ones with weaker balance sheets. With crude becoming too cheap to drill profitably, a number of smaller, debt-laden entities have run into cash flow problems. […]
In a major development, HCP, Inc. HCP , the Irvine, CA-based real estate investment trust (“REIT”) and Brookdale Senior Living Inc. BKD , the leading operator of senior living communities, closed the acquisition of 35 private pay senior housing communities for $847 million […]
Aeterna Zentaris Inc. AEZS announced that it has completed patient enrolment (n=500) in the open-label, randomized-controlled phase III ZoptEC (Zoptarelin Doxorubicin in Endometrial Cancer) study on its oncology candidate zoptarelin doxorubicin. The company said that patient enrolment in this study was completed earlier than expected. […]
PPG Industries, Inc. PPG declared that it has completed the $5 million expansion project of its coatings manufacturing facility in Wuppertal, Germany. The expansion involved the addition of equipment to buildings on the campus […]
America Movil S.A.B. de C.V. ’s AMX wireline division, Telmex, was recently dealt a major blow as Mexico’s telecom regulator Federal Telecommunications Institute (IFT) decided to allow access to the "last mile" of Telmex telephone networks to rivals […]
The Walt Disney Company DIS has found a replacement for outgoing Chief Financial Officer (CFO) James A. Rasulo. Treasurer and a company veteran of 15 years, Christine M. […]
As per a recent Reuters report, U.S. telecom behemoth AT&T Inc. T may get the much anticipated Federal Communications Commission’s (FCC) nod to close its planned purchase of DIRECTV DTV , by next week […]
Russian steel and mining company, Mechel OAO MTL announced that it has received a certificate of compliance with the requirements of the Customs Union's Technical Regulations for its rails of up to 100 meters in length. The certification will help Mechel to supply the Chelyabinsk Metallurgical Plant’s (“CMP”) products to Russian Railways. […]
Dillard's Inc. DDS , a large departmental store chain featuring fashion apparel, cosmetics and home furnishings, has witnessed significant downward revision in the Zacks Consensus Estimate following a soft start to fiscal 2015. Shares of this Zacks Rank #5 (Strong Sell) stock have plunged roughly 15.3% since its last earnings release on May 14 […]
APPE Sale to Plastipak Confirmed PR Newswire BARCELONA, Spain, July 1, 2015 BARCELONA, Spain , July 1, 2015 /PRNewswire/ — Plastipak Packaging confirms that following the approval granted by the European Commission under the EU Merger Act on June 11 th , the sale of APPE to Plastipak Packaging Inc. is now complete. APPE is rebranded Plastipak Packaging with immediate effect. […]
Harwood Feffer LLP Announces Investigation of Gramercy Property Trust Inc. PR Newswire NEW YORK, July 1, 2015 NEW YORK , July 1, 2015 /PRNewswire/ — Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of Gramercy Property Trust Inc. (“Gramercy” or the “Company”) (NYSE: GPT) concerning the proposed acquisition of the Company by Chambers Street Properties (“Chambers”) (NYSE: CSG). […]
Real Estate Private Equity Firm, Altus Equity Closes Multifamily Acquisition PR Newswire SANTA ROSA, Calif., July 1, 2015 SANTA ROSA, Calif. , July 1, 2015 /PRNewswire/ — Santa Rosa based Altus Equity Group, LP, real estate private equity firm is pleased to announce the acquisition and subsequent investor oversubscription to Cedar Hills Apartments, a multifamily community in Del City , a suburb of Oklahoma City . Altus Equity, a prominent alternative asset firm is recognized as a consistent provider of above market returns through disciplined due diligence, shrewd acquisition and exemplary management […]
SilverVue Acquires ProMD and Expands its Portfolio of Hospital Readmissions Reduction Technologies PR Newswire SANDY, Utah, July 1, 2015 SANDY, Utah , July 1, 2015 /PRNewswire/ — SilverVue, a rapidly-growing provider of transitional care and telehealth technologies, recently announced its acquisition of ProMD, Inc. This strategic acquisition builds on the Company’s ability to prevent patient readmissions and facilitate digital hospital discharge processes by bringing MobiMD, a mobile health technology platform created by ProMD, into the SilverVue product line. ProMD was founded by James Barrett and Dr […]
Helen of Troy ’s HELE wholly owned subsidiary Healthy Directions confirmed the efficacy of its natural, age-fighting moisturizer — Trilane Retinol + Vitamin C. The effectiveness of the cream was confirmed after a study conducted by AMA Laboratories, Inc. The study was conducted for 28 days and comprised a self-assessed questionnaire and photographic effectiveness analysis […]
Shares of The Blackstone Group L.P. BX closed slightly higher at the end of yesterday’s trading session following the private equity firm’s announcement to divest AlliedBarton Security Services to French investment firm Wendel SE for around $1.67 billion, including debt. Blackstone has been planning to sell Philadelphia-based AlliedBarton since Mar 2015 and hired investment bank Credit Suisse Group AG CS to run an auction for the same […]
Leading technology and communication services company Ericsson ERIC recently inked a contract with Taiwan’s largest telecom operator, Chunghwa Telecom Co. CHT , to expand the latter’s 4G LTE coverage as well as capacity. Per the contract, Ericsson will provide its world-class mobile broadband technology, acting as the telecom giant’s sole supplier for the entire core network and RAN […]
We updated our research report on Akamai Technologies, Inc. AKAM on Jun 30. Akamai’s first-quarter 2015 earnings lagged the Zacks Consensus Estimate while revenues came in line with the same. […]
Enphase Energy Inc. ENPH announced that it has expanded its philanthropic partnership with non-profit solar installer, GRID Alternatives, to generate approximately three megawatts (MW) of new capacity for 900 families in underserved communities across the U.S. […]
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