Month: November 2015

In a bid to ensure high internal operating standards, Germany’s largest lender Deutsche Bank AG DB has decided to review its know-your-client (KYC) and client on-boarding procedures. Notably, the company seeks to achieve increased transparency in these processes, which will, in turn, help it maintain sustainable client relationships in the long run. The decision to review its processes was announced by the company’s Co-Chief Executive Officer, John Cryan, through a memo issued to the employees on Nov 27 […]

Legal headwinds continue to haunt Barclays PLC BCS . Within weeks of resolving legal matters pertaining to its past business misconducts, the London-based bank now faces another lawsuit over a similar issue. As per Reuters, Axiom Investment Advisors LLC, a New York-based investment advisor, has filed a class action lawsuit against Barclays […]

Shares of Monster Beverage Corporation MNST reached a new 52-week high of $157.66 on Nov 27, before eventually closing at $156.54. Year to date, the energy drink company has yielded a solid return of 44.7%. Shares have soared 18.4% since the company posted solid third-quarter 2015 results on Nov 5. […]

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. BHI reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country) from the previous week […]

Costco Wholesale Corporation ’s COST rotisserie chicken salad has definitely landed the retailer in the soup. According to the Centers for Disease Control and Prevention (“CDC”), the company’s chicken salad has been found responsible for an E. coli infection in seven U.S […]

Shaw Communications Inc. SJR , a leading cable TV and media company in Canada, recently introduced its SmartWiFi and SmartSecurity Service to bring the benefits of managed WiFi and network security to small and medium scaled businesses (SMB). […]

We issued an updated research report on Stanley Black & Decker, Inc. SWK on Nov 27, 2015. This machinery company is recognized worldwide for its tools and engineered security solutions […]

HSBC Holdings plc HSBC is closing its Indian private banking operations. The bank recently conveyed its decision to the staff through an e-mail. HSBC intends to move its private banking employees to the Premier banking business under its retail bank. […]

Shares of Natus Medical Inc. BABY rallied to a 52-week high of $49.72 on Nov 27, and closed a tad bit lower at $49.22. This represents a strong one-year return of approximately 36.6%, much better than the S&P 500’s return of 1.5% over the same period. […]

Germany’s Deutsche Lufthansa Aktiengesellschaft DLAKY , which has, of late, been plagued by employee-related issues, finally witnessed some positive movement on the labor front. The carrier recently inked a 33-month deal covering around 30,000 employees. The deal, which runs through Dec 31, 2017, relates to the wages and pensions of the covered employees. […]

America Movil SAB AMX , the undisputed leader of the Mexican telecom market, recently won approval from Mexican telecom regulator Federal Telecommunications Institute (popularly known as IFT), regarding the prices the company can charge as its interconnection fees. Notably, interconnection fees are the prices that a carrier is allowed to charge other telecom operators or mobile virtual network operators (MVNO) with, to connect to its network. Large telecom operators generally have vast networks across the nation. […]

Toyota Motor Corporation TM raised its total worldwide production by 0.1% year over year to 907,008 units in Oct 2015. The increase resulted from a 0.9% rise in production in Japan to 348,789 units, which offset a 0.4% decline in production outside Japan to 558,219 units. The production figure includes passenger cars, trucks and buses manufactured by Toyota as well as its subsidiaries, Hino Motors, Ltd. […]

Goldcorp Inc. GG recently declared that it has wrapped up the acquisition of New Gold Inc.'s NGD 30% interest in the El Morro copper-gold project in Chile. Goldcorp made cash payment of $90 million to New Gold, along with a 4% gold stream payable on future gold production from the El Morro property […]

The rapidly developing business services division is a major boon for cable MSOs (multi-service operators) in the U.S. As per the latest figures compiled by Heavy Reading, cable MSOs are set to achieve over $12 billion in annual business service revenues this year, up 20% from their milestone total of $10 billion last year. Top Players Comcast Corp. […]

Honda Motor Co., Ltd. ’s HMC worldwide production volume for Oct 2015 was 413,779 units, up 2.8% from the figure recorded in Oct 2014. Production outside Japan increased 3.6% to 338,331 units, which was a record high for the month of October […]

Despite high chances of a Fed lift-off next month, we believe that adding Essex Property Trust, Inc. ESS to your investment portfolio is a good idea now. Notably, shares of this Palo Alto, CA-based residential real estate investment trust (REIT) gained over 15% year to date, and the stock continues to reflect strength in several areas […]

The first two days of the holiday sales season have underlined the growing dominance of online purchases. This year’s brick and mortar sales fell marginally as online sales led the charge. This reveals the declining importance of what was earlier viewed as a key period for retail sales at conventional stores […]

Shares of Vail Resorts Inc. MTN hit a new 52-week high of $121.45 during the trading session on Nov 27. The company stands to benefit from the snowstorms in the Western region, which allowed it to open its Colorado, Utah and California ski resorts prior to schedule. […]

The holiday season is very crucial for retailers and especially for Wal-Mart Stores Inc. WMT , as the retailer is facing severe challenges and showing signs of acute weakness. Therefore, in order to attract holiday shoppers, the retail giant planned a new strategy for Black Friday. […]