Month: December 2015

Strategic Hotels & Resorts, Inc. BEE has progressed on its acquisition by the affiliate of The Blackstone Group L.P. BX as the former received an approval from its shareholders at a special meeting […]

It was a week where energy stocks were hammered following the OPEC oil cartel’s refusal to curb output and let the commodity slide, while natural gas futures dipped on weather-related demand concerns. On the news front, Devon Energy Corp. […]

Toll Brothers Inc. TOL , one of the nation’s largest homebuilders, reported fourth quarter and fiscal 2015 (ending Oct 31) results on Dec 8 before the market opened. An earnings miss in the quarter pushed the share price down by 7% […]

Zacks Investment Research upgraded CUI Global, Inc. CUI to a Zacks Rank #1 (Strong Buy) on Dec 8, 2015. Going by the Zacks model, companies holding a Zacks Rank #1 have strong chances of outperforming the broader markets over the next few quarters […]

FirstEnergy Nuclear Operating Company (FENOC), an affiliate of diversified energy company, FirstEnergy Corp. FE , has secured approval from the Nuclear Regulatory Commission (NRC) extending the operating license of the Davis-Besse Nuclear Power Station for another 20 years through 2037. Renewal of this single-pressurized water reactor plant’s license brings total license extensions to 81 across the country. […]

Baxalta Incorporated BXLT announced that the FDA has approved Vonvendi for the on-demand treatment and control of bleeding episodes in adults suffering from von Willebrand disease (VWD). This makes Vonvendi the first and only recombinant von Willebrand factor to be approved for the treatment of VWD. Vonvendi is expected to hit the U.S […]

Micro blogging site, Twitter Inc. TWTR said that it is experimenting with a new way to display tweets, sending shares up nearly 3% yesterday. As per The Wall Street Journal, Twitter is testing an “algorithmic-driven news feed” for a small user base that will sort tweets as per relevance rather than the traditional reverse chronological order. […]

ARB Inc., a unit of the West Construction Services segment of Primoris Services Corporation PRIM , declared three new Master Service Agreements (MSAs) worth $63 million with utility customers. All the MSAs are for three years, with two additional one-year options, and are scheduled to start immediately. The first MSA contract is from a major Southern California utility customer. […]

Is leading cable MSO (multi service operator), Comcast Corp. CMCSA looking to venture into the wireless market to diversify its business model? In Oct 2015, the company inked a deal with telecom behemoth Verizon Communications Inc. […]

In an attempt to enhance shareholder value, Fortune Brands Home & Security Inc. FBHS increased its quarterly cash dividend by 14% to 16 cents from 14 cents per share, thereby bringing the annual dividend to 64 cents. With this, the company has perked up its dividend rate by double-digits for the third year in a row […]

Ratings agency A.M. Best has reaffirmed the credit and financial strength ratings (FSR) of Lincoln National Corp. LNC and its subsidiaries, while retaining a stable outlook on all […]

Nasdaq Inc. NDAQ has agreed to acquire Chi-X Canada, an Alternative Trading System for the Toronto Stock Exchange (“TSX”) and TSX Venture Securities, from Chi-X Global. Details of the transaction remain undisclosed […]

We issued an updated research report on Tenet Healthcare Corp. THC on Dec 9, 2015. Tenet Healthcare has been witnessing consistent growth in operating revenues over the past few years. […]

Arthur J. Gallagher & Co. AJG has acquired McPherson Benefits Group, LLC, for an undisclosed amount […]

At a recent Investor and Analyst Conference meet, Home Depot Inc. HD – the leading home improvement store chain – declared its key strategies to boost sales, operating profit as well as shareholder value over the next few years. In the meeting, Home Depot discussed certain strategic priorities which include customer service, product authority, targeted growth areas, productivity and shareholder returns. […]