Month: August 2015

Staples, Inc. SPLS and Office Depot, Inc. ODP have furnished additional documents and information to the Federal Trade Commission (FTC), complying with the commission’s “second request” […]

Cliffs Natural Resources Inc. CLF has announced the expiration as well as the final results of its offer to purchase for cash up to $123,694,000 (the maximum amount after being increased from $100,000,000) of its outstanding 3.95% Senior Notes due 2018. The tender offer expired on Aug 27, 2015 […]

Neogen Corp NEOG recently took over Heywood, England-based Lab M Holdings – a provider of microbiological culture media and diagnostic systems. The company’s products are used in global food, water, industrial and clinical testing markets. Per Neogen, the integration of Lab M’s products into its Acumedia product suite will position the company as the leading global provider of traditional microbiology tools. […]

Premium consumer goods company Koninklijke Philips N.V PHG recently announced a decision to display its premium and latest cardiology solutions – Heart Model, IntelliSpace Cardiovascular and EchoNavigator – at the European Society of Cardiology (‘‘ESC’’) Congress 2015. The company claims that its new cardiology solutions would help connect technology with people, supported by well-guided diagnosis and treatment, which would ultimately improve the efficiency of cardiac home care. As per the company, the latest suite of cardiology solutions would ensure enhanced care for cardiac patients in a unique way, by not only thoroughly examining matters related to the disease but also considering minute aspects of cardiac heath that might be associated with a patient’s health throughout his/her lifetime. […]

We issued an updated research report on Companhia Paranaense de Energia ELP or COPEL on Aug 28, 2015. The company is one of the largest integrated electricity utilities in Brazil, with a generation capacity of roughly 5,557 megawatt (MW), 99% of which is hydroelectric. The Brazilian electricity market is the largest in South America, apart from being one of the most promising industries in Brazil […]

We issued an updated research report on China Life Insurance Co. Ltd. […]

After replacement of the bank’s chief financial officer and wealth management chief in management shake-up, shareholders of Bank of America Corporation BAC are now defiant to have an independent chairman at the bank. The chairman title is currently held by the Chief Executive Officer (“CEO”) Brian Moynihan. The matter hogged more attention after CtW Investment Group, which is affiliated to a federation of unions with over $200 billion in assets and represents around 0.2% of Bank of America’s votes, posted a letter on its website on Friday […]

On Aug 31, 2015, we uploaded our updated research report on American International Group Inc. AIG . American International is the largest global insurer based on its shareholders’ equity, serving customers in more than 100 countries […]

DaVita Healthcare Partners, Inc. 's DVA business division DaVita Kidney Care will form a joint venture chain of kidney care hospital in the Shandong province of China. […]

On Aug 29, 2015, Zacks Investment Research upgraded fertilizer maker CVR Partners, LP UAN to a Zacks Rank #1 (Strong Buy). Why the Upgrade? […]

Patterson Companies, Inc. PDCO completed the divesture of Patterson Medical to Madison Dearborn Partners (MDP) for $715 million. Following the sale of its medical segment, Patterson will now operate through two segments – Dental and Animal Health. […]

Swedish communication and technology company Ericsson ERIC announced the extension of its playout services contract with the U.K.’s frontline television network, ITV, up to 2024. Despite this positive development, shares of the company remained relatively flat. Inside the Headlines As per the renewed contract, Ericsson will continue to offer playout services for a host of ITV channels including ITV, ITV2, ITV3, ITV4, ITV HD and CITV and also their regional versions […]

Tobacco biggies have always been penalized for any form of advertising or packaging that flout laws to increase sales. Per media reports, the Food and Drug Administration (FDA) recently warned three tobacco companies including Reynolds American Inc. RAI , owner of Natural American Spirit; Imperial Tobacco PLC, owner of Winston; and Sherman’s 1400 Broadway N.Y.C […]

The airline industry is cyclical in nature and sensitive to a number of key drivers, the most prominent being the global price of crude oil. It is a well-known fact that movements in oil prices have a significant impact on the well-being of companies in the airline space. […]

The last week of August was a mixed bag for the gambling industry. After posting profits for two consecutive quarters, Iao Kun Group Holding Company Limited IKGH posted a loss for second quarter 2015 as revenues and Rolling Chip Turnover declined year over year. Revenues at Nevada declined for the month of July marking the second consecutive decline […]

According to a Bloomberg report, industrial goods manufacturer General Electric Company GE has shelved its plans to shift the corporate headquarters from Fairfield, CT to Dallas, TX. The strategic decision was primarily based on the unfavorable political climate that is likely to be detrimental to the overall growth prospects of the company. Why GE is Relocating its Headquarters Fairfield, CT has housed the corporate headquarters of General Electric since 1974. […]

Harris Corporation ’s HRS board recently announced a 6.4% hike in its quarterly cash dividend, raising the payout by 3 cents to 50 cents per share. The company will pay the dividend on Sep 24, 2015, to shareholders of record at the close of business as on Sep 11, 2015. Meanwhile, the cash dividend to be paid on a yearly basis is $2, with an annual yield of 2.6%. […]

Shares of Greatbatch, Inc. GB surged almost 14.4% to close at $57.06 on Aug 28, following its agreement to acquire Lake Region Medical. […]