Month: December 2015

It is a well-documented fact that oil prices have been tumbling for well over a year now. On Monday, Dec 7, prices of U.S. crude plummeted to its lowest level in nearly seven years, and were seen hovering around the $38 a barrel mark. […]

Citigroup Inc. C is likely to come under the direct supervision of European Central Bank (ECB), owing to the Wall Street giant’s proposed merger of U.K.-based Citibank International Limited into Dublin-based Citibank Europe Plc. […]

Epizyme Inc . EPZM announced results from a phase I trial on pipeline candidate, tazemetostat (EPZ-6438), at the 57th American Society of Hematology Annual Meeting. EPZ-6438, a first-in-class inhibitor, is being evaluated for the treatment of patients with non-Hodgkin lymphoma (NHL) and INI1-deficient solid tumors. […]

On Dec 7, 2015, we issued an updated research report on Amerisafe, Inc. AMSF . […]

Independent energy producer Devon Energy Corporation DVN inked three independent deals, all designed to sharpen the company’s focus in the potential emerging oil plays, amid the global glut in crude prices. Confirming market rumors, Devon Energy has acquired 80,000 net acres in the Anadarko Basin STACK play from Felix Energy LLC, a smaller operator in the oil and gas space, for nearly $1.9 billion (read: Will Devon Energy Acquire Felix Energy to Add More Oil? ). […]

CBRE Group, Inc. CBG is on an acquisition spree. […]

EQT Corporation EQT released its operational forecast for 2016. The company projects its capital expenditure for 2016 to be $ 1 billion, of which $820 million has been allocated for well development. The capital expenditure is expected to be financed from cash generated from operations, cash in hand and funds raised from midstream asset sales to EQT Midstream Partners, LP (EQM). […]

Yesterday, at the UBS Global Media and Communications Conference, Fran Shammo, Chief Financial Officer of U.S. telecom behemoth Verizon Communications Inc. VZ , hinted that the company may explore the possibility of acquiring Yahoo! Inc […]

SL Green Realty Corp. SLG , the New York-based real estate investment trust (“REIT”), recently announced a string of investment and lease deals. Consistent with the opportunistic investment policy followed by the company, these deals are expected be accretive, going forward […]

In a notable development, First Potomac Realty Trust FPO has replaced its existing credit facility and unsecured term loans with new ones. In sync with the Bethesda, MD-based real estate investments trust’s (“REIT”) business objectives, these new arrangements will likely lend additional flexibility to its balance sheet. The revised $300-million revolving credit facility, with a 4-year term, includes an extension option for up to one additional year. […]

The Royal Bank of Scotland Group plc RBS has inked a deal to ramp up its lending activities in Europe. The state-owned bank will partner with Hermes Investment Management, M&G Investments and AIG Asset Management to provide loans to mid-sized companies that are backed by private equity investments. […]

BBCN Bancorp, Inc. BBCN and Wilshire Bancorp Inc. WIBC , the two biggest lenders in the Korean-American banking space, have inked a $1-billion stock deal to merge and become the 7th largest publicly traded bank in California. […]

Enterprise application software provider SAP SE SAP recently announced the availability of two advanced back-to-back products for clients in logistics and banking domains. Leveraging the expertise of the SAP HANA platform, these applications are expected to gain rapid traction in the present industry backdrop. The first set of applications, namely, 9.3 edition of the SAP Transportation Management (SAP TM) and SAP Extended Warehouse Management (SAP EWM), cater to the logistics domain […]

Oil and natural gas driller, Ensco plc ESV announced that Carey Lowe has been named chief operating officer (COO) of the company. Lowe will replace Mark Burns, who is retiring from the company, with immediate effect and will be based in London. Lowe joined Ensco in 2008 and has held various executive management positions in operations, engineering, safety and strategy. […]

Cepheid ’s CPHD rapid influenza and RSV assay – the Xpert Flu+RSV Xpress test – recently won the U.S. FDA 510(k) marketing approval and the Clinical Laboratory Improvement Achievements (CLIA) waiver. With the flu season at its peak in the U.S., we expect this news to expand Cepheid’s share in the molecular diagnostics market. […]

Shares of XBiotech XBIT witnessed a significant upside after the company reported that the European phase III study on its lead candidate, Xilonix, has met its primary endpoint. XBiotech is evaluating the candidate for the treatment of patients suffering from symptomatic, advanced colorectal cancer. […]

As reported by USA Today, T-Mobile US Inc. TMUS has come under the scanner for false advertisements related to its ‘Un-carrier’ where it promises to relieve its customers of grueling device subsidy contracts and related fees. However, T-Mobile US has dismissed the reports stating that no regulatory body has accused the company of any wrongdoing. […]

We issued an updated research report on China Life Insurance Co. Ltd. LFC on Dec 7, 2015. […]

Shares of ArcelorMittal MT slipped to a 52-week low of $4.12 yesterday, before eventually closing marginally higher at $4.17. The steel giant’s shares have plummeted roughly 62% so far this year and 65% year over year. […]