Month: November 2015

Campbell Soup Company CPB scaled a new 52-week high of $53.31 last Friday, before closing trade a notch lower at $53.10, reflecting a roughly 23.9% surge year to date. The stock’s solid run at the index came after the company’s better-than-expected first-quarter fiscal 2016 results, accompanied by encouraging earnings guidance. Campbell Soup reported robust first-quarter fiscal 2016 results, wherein both the top and the bottom lines beat the respective Zacks Consensus Estimate. […]

Volkswagen AG VLKAY will recall 2.46 million vehicles in Germany, which are equipped with the emission cheating software, per sources. Of the total vehicles recalled, 1.54 million cars are of the Volkswagen brand, 531,813 of the Audi brand, 286,970 of Skoda and 104,197 of Seat. Previously Volkswagen said that 8.5 million affected vehicles need to be recalled in Europe. […]

NextEra Energy Resources (NEER), a subsidiary of public utility holding company, NextEra Energy, Inc. NEE , has inked a deal with Luminant to divest two of its natural-fired power plants in Texas for an aggregate value of $1.59 billion. Luminant, an affiliate of Dallas-based Energy Future Holdings Corp. […]

Mallinckrodt plc MNK announced that it has completed the previously announced divestiture of its global contrast media and delivery systems (CMDS) business to Guerbet for approximately $270 million. CMDS operations consisted of four manufacturing facilities with a comprehensive array of diagnostic imaging products engineered for computed tomography, magnetic resonance imaging, X-ray and cardiac catheterization along with urological imaging system and related components employing 1,000 people. […]

The Kroger Co. KR , one of the largest grocery retailers, is scheduled to release third-quarter fiscal 2015 results on Dec 3. The big question facing investors is whether the company will be able to continue with its positive earnings surprise streak in the quarter to be reported. […]

Target Corp. TGT stated that it witnessed a robust start to the holiday season. This Minneapolis, MN-based company informed that bargain hunters took advantage of the great deals that were offered both in stores and online on Thanksgiving Day as well as over the Black Friday weekend. […]

Sources have reported that American International Group, Inc. AIG is mulling over selling blocks of its life insurance policies. […]

On Nov 27, 2015, we have issued an updated research report on Duke Energy Corporation DUK . The largest power provider in the U.S., Duke Energy posted strong results in the third quarter of 2015 despite missing both the top and bottom line estimates. The utility saw improving earnings and revenues in the recently reported quarter aided by favorable weather and growth in the regulated business […]

News Corporation ’s NWSA Australian division has sealed a five-year broadcast deal with the National Rugby League (NRL) for the seasons 2018-2022. The value of the deal, which stands at 1.8 billion Australian dollars (or US $1.3 billion), is one of the largest sports contracts signed in Australia. Fox Sports, a subsidiary of New Corp […]

KaloBios Pharmaceuticals, Inc. ’s KBIO shares were up 30.8% after the company’s new Chief Executive Officer (CEO) Martin Shkreli tweeted that he would stop lending the company’s shares to people looking to short it. Shkreli tweeted, “I spoke with my counsel & advisers and decided to stop lending my $KBIO shares out until I better understand the advantages of doing so.” This was followed by yet another tweet saying “I apologize for any inconvenience this may create in lending markets and I will probably resume lending at some point.” KaloBios, which was at one point of time trading below a penny and was planning to wind down its operations after unsuccessfully finding a strategic alternative of staying afloat in the business, hit a 52-week high on Nov 23. […]

Bristol-Myers Squibb Company BMY announced that the FDA has issued a Complete Response Letter (CRL) for its intravenous human programmed death receptor-1 (PD-1) blocking antibody, Opdivo, as a single agent for the treatment of previously untreated patients, specifically those with BRAF V600 mutation positive unresectable or metastatic melanoma. In its CRL, the FDA indicated the need for additional data in the BRAF mutated patient population. The company plans to work closely with the FDA to address the issue. […]

Shares of energy infrastructure provider, Williams Partners L.P. WPZ touched a 52-week low of $27.57 per share on Nov 27 to finally close a tad higher at $27.79. Volume was also downsized with about 0.9 million shares changing hands […]

On Nov 27, 2015, shares of Atlas Financial Holdings, Inc. AFH hit a 52-week high of $20.67, driven by better-than-expected third-quarter 2015 results. With about 0.04 million shares exchanged in the last trading session, the stock finally closed the session at $20.60, gaining 1.18% […]

Halliburton Company HAL − one of the largest oilfield service providers in the world – has once again filed a request for approval from the EU antitrust regulators for its $35 billion acquisition of Baker Hughes Incorporated, as per Reuters. Four months ago, the authorities had rejected Halliburton’s bid due to insufficient data. It is to be noted that by Jan 12, the EU authorities will come to a decision on whether to approve the deal or start an investigation […]

Shares of Plum Creek Timber Co. Inc. […]

Koninklijke Philips N.V. PHG recently launched IntelliSpace Portal 8.0, the latest in its series of data sharing, analytics and visualization platforms, seeking to strengthen its position in healthcare informatics market. […]