Month: December 2015

We have issued an updated research report on Koninklijke Philips Electronics N.V. PHG on Dec 8, 2015. […]

Phillips 66 PSX has commenced operations at its natural gas liquids fractionator, Sweeny Fractionator One, in Old Ocean, TX. The project is part of a major investment that the company is making in the Gulf Coast area. Sweeny Fractionator One is located at the company’s Sweeny Complex in Old Ocean, about 60 miles southwest of downtown Houston. […]

JPMorgan Chase & Co. JPM raised its stake to 10.1% in Telecom Italia S.p.A. […]

Apparel and accessories retailer The Buckle, Inc. BKE hiked its quarterly dividend and also authorized a special cash dividend. We note that the announcement of dividend hike did not provide much impetus to this Zacks Rank #4 (Sell) stock that rose marginally by 0.1% to close at $31.36 yesterday. […]

Alphabet GOOGL -owned Google is exploring the possibility of expanding its high-speed Internet service through its fiber-optic network named Google Fiber to the second and third largest metropolitan cities by population in the U.S., Chicago and Los Angeles. Google launched its high speed Internet service — Google Fiber — in Kansas City, MO in Sep 2012. With the launch, the company intended to put pressure on major broadband providers like AT&T T Comcast, Verizon Communications VZ to upgrade their networks to support higher Internet speeds […]

Aerospace and defense company L-3 Communications Holdings Inc. LLL announced that it has signed a definitive agreement to sell its National Security Solutions (“NSS”) business to CACI International Inc. CACI for $550 million in cash. […]

Franklin Resources Inc. BEN declared preliminary assets under management (AUM) of $790 billion by its subsidiaries for November 2015. […]

The recent buyout of coffee machine maker Keurig Green Mountain, Inc. GMCR has stirred the beverage sector and brought many stocks into the limelight. On Monday, Keurig agreed to sell itself to an investor group led by a Luxembourg based private company, JAB Holding Company (‘JAB’), for $13.9 billion, pushing its share price up 72% on Friday […]

In sync with its strategy of rewarding shareholders, Mid-America Apartment Communities Inc. MAA has announced a 6.5% hike in its dividend payment for fiscal year 2016. Upon this announcement, the quarterly dividend disbursement will move up from 77 cents per share to 82 cents and this new payout will take effect for quarterly dividends payable after Jan 1, 2016 […]

ABB Ltd. ABB recently disclosed that it will energize the European Spallation Source (‘ESS’) research center that is currently under development in Lund, Sweden. However, following this news release, shares of the company fell around 1.5%, probably on broader market concerns […]

Ferrellgas Partners LP FGP reported a first-quarter fiscal 2016 adjusted loss of 33 cents per unit, wider than the Zacks Consensus Estimate of a loss of 8 cents per unit. The quarterly loss was narrower than a 40 cent loss incurred a year ago. Ferrellgas Partners LP (FGP) – BNRI EPS & Surprise Percent – Last 5 Quarters | FindTheCompany GAAP loss per share was 79 cents compared with a loss of 40 cents in the year-ago quarter. […]

Greif, Inc. GEF is slated to report fourth-quarter fiscal 2015 results before the opening bell on Dec 10, 2015. The company posted a negative earnings surprise of 9.09% in the last quarter, Greif has delivered an average positive surprise of 6.08% in the trailing four quarters. […]

Securing confidential information by using a password may soon be a thing of the past. Nick Savvides, Symantec Corporation ’s SYMC ANZ business manager of information protection recently stated that "The password is weak and crap". […]

Omaha, NE-based online brokerage firm TD Ameritrade Holding Corporation AMTD came out with its average client trades per day of 438,000 in its activity report for November 2015. This increased 1% from the prior month and 2% compared with the prior-year period. […]

Morgan Stanley MS plans to cut around 1,200 jobs, including 470 traders and salespeople in its fixed-income, currencies and commodities (FICC) unit and the remaining reductions in infrastructure and support staff for the unit from offices all over the world. The move comes on the heels of stringent capital regulations, lower client activity and a shift toward electronic trading, which led to the underperformance of the FICC business, compelling the bank to cut back jobs. […]