Technicals

Loews (L) Misses on Q3 Earnings Estimates, Topline Falls

New York based Loews Corporation L is a diversified holding company operating through its subsidiaries. Loews aims to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio to take the count to over 30 and triple its net income by 2015. Though offshore drilling market faces challenges from soft day rates and very few long-term contracts, Diamond Offshore continues to improve its fleet. […]

Technicals

CNA Financial (CNA) Q3 Outperforms Earnings Estimates

Chicago, Il based CNA Financial Corporation CNA , boasts being the eighth largest commercial insurance writer and the 14th largest property and casualty company in the U.S. The company provides insurance coverage for standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. […]

Mergers & Acquisitions

Lanesborough REIT completes $70.25 million sale of Colony Square and announces debt reduction and expected tax impact

Lanesborough REIT completes $70.25 million sale of Colony Square and announces debt reduction and expected tax impact Canada NewsWire WINNIPEG, Nov. 2, 2015 WINNIPEG , Nov. 2, 2015 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that it has completed the previously announced sale of Colony Square in downtown Winnipeg, MB for $70.25 million , subject to customary closing adjustments […]

Mergers & Acquisitions

Shire to Acquire Dyax Corp, Expanding and Extending Industry-Leading Hereditary Angioedema (HAE) Portfolio

Shire to Acquire Dyax Corp, Expanding and Extending Industry-Leading Hereditary Angioedema (HAE) Portfolio Lead pipeline product, DX-2930, is a Phase 3-ready asset, offering potentially transformative prophylactic therapy for HAE PR Newswire DUBLIN and BURLINGTON, Massachusetts, November 2, 2015 DUBLIN and BURLINGTON, Massachusetts , November 2, 2015 /PRNewswire/ — DX-2930 has potential to expand HAE-treated patients and achieve annual worldwide sales of up to $2 billion with exclusivity beyond 2030 DX-2930 is supported by proof-of-concept Phase 1B data, demonstrating a > 90% reduction in HAE attacks compared to placebo in the 300mg/400mg arms in patients with > 2 attacks in the 3 months prior to study entry Acquisition furthers Shire ‘ s strategy to become a leading global biotech Shire plc (LSE: SHP, NASDAQ: SHPG) and Dyax Corp. (NASDAQ: DYAX) today announced that Shire will acquire Dyax for $37.30 in cash per Dyax share, for aggregate upfront consideration of approximately $5.9 billion . Dyax shareholders may receive additional value through a non-tradable contingent value right (CVR) that will pay $4.00 in cash per Dyax share upon approval of DX-2930 in HAE, representing a potential additional $646 million in aggregate contingent consideration […]

Mergers & Acquisitions

TreeHouse Foods to Acquire ConAgra’s Private Brands Business for $2.7 Billion

TreeHouse Foods to Acquire ConAgra’s Private Brands Business for $2.7 Billion – Combination creates the nation’s largest private label food and beverage manufacturer, with annual revenue of nearly $7 billion – Transaction strengthens TreeHouse’s ability to support retail customer efforts to build corporate brands and offer consumers the best combination of choice and value – Expands TreeHouse’s product portfolio by 10 complementary grocery categories – Expected dilution of $0.20-$0.35 in adjusted earnings per share in year one; accretion of $0.55-$0.70 in year two; and $1.50-$1.65 contribution in year three – TreeHouse preannounces third quarter sales of $799 million and expects adjusted earnings of $0.85-$0.86 per share; reaffirms 2015 full year guidance of $3.00-$3.15 in adjusted earnings per share PR Newswire OAK BROOK, Ill., Nov. 2, 2015 OAK BROOK, Ill. […]

Mergers & Acquisitions

American Hotel Income Properties REIT LP Announces Expansions of Three High Occupancy Oak Tree Inn Hotels in Nebraska, Oregon and Texas

American Hotel Income Properties REIT LP Announces Expansions of Three High Occupancy Oak Tree Inn Hotels in Nebraska, Oregon and Texas PR Newswire VANCOUVER, Nov. 2, 2015 VANCOUVER , Nov. 2, 2015 /PRNewswire/ – American Hotel Income Properties REIT LP (” AHIP “) (TSX: HOT.UN; OTCQX: AHOTF) announced today three new 24-room expansions at existing high occupancy Oak Tree Inn hotels in North Platte, Nebraska , Hermiston, Oregon and Hearne, Texas (the ” Expansions “). […]

Momentum Stocks

Bear of the Day: Capella Education (CPLA)

The hits just keep coming in the for-profit education space as increased government scrutiny as well as questions over the value of these degrees have sunk confidence in stocks in this sector. In fact, the space is currently in the bottom half of the Zacks Industry Rank, while companies like Capella Education ( CPLA ) have really struggled at earnings season and have epitomized this poor trend. CPLA in Focus Companies like Capella have long benefited from the boom in online education thanks to its wide variety of degree programs, and intense demand following the Great Recession […]

Momentum Stocks

Bull of the Day: Nike (NKE)

Nike ( NKE ) shouldn’t really need much of an introduction to consumers and investors alike as their famous swoosh has come to dominate the sports apparel world, while NKE has been an amazing large cap stock as well. In fact, Nike’s brand is currently the most valuable sports one in the world while it is in the top 20 overall, while it has risen to a $100 billion company with gains of nearly 40% in the past 52 week period alone. Yet while NKE has gone on an amazing run, there is plenty of reason to believe that the trend isn’t done yet. […]

Mergers & Acquisitions

PDI Enters Definitive Agreement to Sell Its Commercial Services Business to Publicis Healthcare Communications Group

PDI Enters Definitive Agreement to Sell Its Commercial Services Business to Publicis Healthcare Communications Group PDI to Focus on Growing Molecular Diagnostics Business; Plans to Change Name to Interpace Diagnostics Group PDI to receive $25.5 to $32.5 million up front cash payment and a contingent earnout payment Combination Would Create A Global Leader in Healthcare Commercial Services PR Newswire PARSIPPANY, N.J. & YARDLEY, Pa., Nov. 2, 2015 PARSIPPANY, N.J […]