Month: December 2015

Statoil ASA STO has submitted its application for the 23rd licensing round on the Norwegian Continental Shelf (NCS) to the Norwegian officials. The results are expected to be announced by the Norwegian Ministry of Petroleum and Energy in the latter part of the first half of 2016. […]

The board of directors of The Hanover Insurance Group Inc . THG approved a 12% dividend hike, signaling intentions to share more profits with shareholders. The company will now pay a quarterly dividend of 46 cents per shares, up from earlier payout of 41 cents […]

The board of directors of AXIS Capital Holdings Limited AXS has approved a new $750 million share repurchase program and a 21% hike in its quarterly dividend. Share price gained about 0.9% in yesterday’s trading session, reflecting investor optimism on prudent capital deployment that will in turn enhance shareholder value. The new program authorizes the insurer to buy back $750 million worth shares through Dec 2016 […]

Is now the time for dividend investing? While the dividend investing style is almost always overlooked, it still has a place in many portfolios even though many consider it a 'boring' way to growth wealth in a portfolio. Sure investors often prefer growth securities that are increasing earnings or revenues, or securities with value metrics such as low PEs and modest debt levels, but now could actually be an interesting time for dividend investing. […]

AbbVie Inc. ABBV presented encouraging results on Imbruvica and its experimental multiple myeloma candidate, venetoclax, at the annual meeting of the American Society of Hematology (ASH). Presented Multiple Data on Imbruvica AbbVie announced that results from the phase III study (RAY) showed Imbruvica significantly prolonged progression-free survival (the primary endpoint) and improved overall response rates (ORR) – a key secondary endpoint – in patients with relapsed or refractory mantle cell lymphoma (MCL) compared with Torisel (temsirolimus) […]

On Dec 7, 2015, we issued an updated research report on Medtronic plc MDT . The combined company (post the legacy Medtronic-Covidien merger) handily outpaced the Zacks Consensus Estimate of both earnings and revenues in the second quarter of fiscal 2016. The consolidated company demonstrated strong segmental performances reflecting successful integration and achievement of synergy targets. […]

Ford Motor Co. F reported a 9% year-over-year increase in China sales to 106,283 vehicles in Nov 2015. Sales of Ford in the world’s largest automobile market totaled 990,356 units in the first eleven months of 2015 […]

At the UBS 43rd Annual Global Media and Communications Conference held yesterday, online streaming giant Netflix, Inc . NFLX maintained its “never say never” stand on entering the sports market. Netflix chief content officer, Ted Sarandos said that it is not that the company will never get into sports but maintained management’s earlier stance that foraying into live sports and news is not really attractive […]

Shares of Total System Services, Inc. TSS hit a 52-week high of $56.53 on Dec 7, 2015. Shares seem to have gained from the recent tie-ups and agreements forged by the company and strong third-quarter earnings results with raised 2015 top- and bottom-line estimates. […]

Kite Pharma, Inc. KITE announced that it has initiated a phase I/II study (ZUMA-4) on its lead pipeline candidate, KTE-C19, for the treatment of pediatric and young adults suffering from relapsed or refractory acute lymphoblastic leukemia (r/r ALL). The single-arm, open-label, multi-center study, which will enroll 75 patients, will be conducted in patients with ALL whose disease is refractory to or has relapsed following standard chemotherapy or hematopoietic stem cell transplantation […]

Offshore drilling giant Transocean Ltd. RIG has entered into a deal with Husky Oil Operations Limited for its semisubmersible rig Henry Goodrich. Per the agreement, Husky Oil will likely use the rig – capable of working in a harsh environment − for two years off the coast of Canada. […]