Month: December 2015

TASER International Inc. TASR disclosed that it has won an order for 3,148 Axon Body 2 cameras powered by the Axon technology platform from the third largest police agency in the UK, Greater Manchester Police. […]

Canadian Imperial Bank of Commerce CM declined over 1% on the NYSE following the release of its fourth-quarter and fiscal 2015 earnings (ended Oct 31) on Dec 3. Adjusted earnings per share came in at C$2.36, up from C$2.24 in the prior year. The quarter recorded a rise in total revenue driven by strong performance in its retail banking and capital markets divisions […]

Winnebago Industries, Inc. ’s WGO shares gained 2.3% on Dec 1, after the company announced the acquisition of motorhome production facilities and equipment in Junction City, OR. […]

Eli Lilly and Company LLY announced that it will discontinue the development of its late-stage diabetes candidate, basal insulin peglispro (BIL) that was being developed as a once-daily treatment of patients suffering from type I and type II diabetes. Eli Lilly, which was at one point of time looking to file for regulatory approval for BIL in the first quarter of 2015, had reported a delay in its filing plans earlier this year (Feb 2015). The company wanted to generate additional data to understand and characterize the potential effects, if any, of changes in liver fat observed with BIL treatment compared with insulin glargine treatment in the phase III (IMAGINE) studies and thereafter expected regulatory filings to take place after 2016 […]

Amgen Inc. AMGN announced that results from a pivotal head-to-head phase III ENDEAVOR (Randomiz E d, Ope N Label, Phase 3 Study of Carfilzomib Plus DE xameth A sone V s Bortezomib Plus Dexamethas O ne in Patients With R elapsed Multiple Myeloma) study on Kyprolis were published in The Lancet Oncology . The study comparing Kyprolis in combination with low-dose dexamethasone versus Velcade (bortezomib) and low-dose dexamethasone was conducted in patients with relapsed multiple myeloma […]

Newport News, VA-based Huntington Ingalls Industries Inc. ’s HII shipbuilding division won a contract worth $200 million from the U.S. […]

After a heated meeting at Vienna last Friday, The Organization of the Petroleum Exporting Countries (OPEC) – the international cartel of oil producers – decided not to cut oil production especially in the already over-supplied crude market. The announcement sent West Texas Intermediate (WTI) crude to a below $40 per barrel mark − which was not at all unforeseen. Quite naturally, the OPEC decision disappointed the beleaguered energy majors that are have been struggling for over a year to stay afloat amid low crude prices […]

Liberty Property Trust LPT revealed the disposition of its entire portfolio in the Horsham, PA submarket, which comprised 41 properties and 20 acres of land, to privately held Workspace Property Trust for a total of $245.3 million. Spanning 2.4 million square feet of space in total, these properties were 84.3% leased at closing. The majority of them were office properties with the rest belonging to the flex category […]

Yahoo YHOO is mulling a sale of the business, Apple AAPL doubling down on enterprise penetration while Facebook FB CEO Mark Zuckerberg is dreaming about giving away a cool $45 billion. Here are the top stories: Yahoo to Sell Core Business Yahoo shareholders are cheering a possible sale of its business, and ongoing board meetings have sent the shares up after a long weak spell. But the board has a tough decision to make because it has to sell a core business that isn’t growing and that Yahoo investors aren’t willing to pay anything to hold […]

For banks, controlling costs through job cuts has become one of the most preferred ways of sustaining profitability. In sync with this strategy, Barclays PLC BCS plans to cut further jobs. […]

Kinder Morgan Inc. KMI affirmed its 2016 financial outlook. Per the company, 2016 growth range is expected at 6–10% over its 2015 target dividend of $2.00 per share. […]

A.M. Best reiterated the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Travelers Insurance Company Limited ("TICL"), the primary underwriting operation of The Travelers Companies, Inc. TRV in the United Kingdom and Ireland. […]

On Dec 7, 2015, we issued an updated research report on Omnicell, Inc. OMCL – a healthcare solutions provider that develops and markets end-to-end automation solutions for the medication management. […]

On Dec 4, 2015, shares of Pep Boys – Manny, Moe & Jack PBY reached a 52-week high of $15.74, before eventually closing at $15.69. The closing price represents a year-to-date return of 37.5%. […]

On Dec 7, 2015, we issued an updated research report on Massachusetts-based Haemonetics Corporation HAE , a provider of blood management solutions to blood and plasma collectors, hospitals and health care providers globally. Since the fourth quarter of fiscal 2015, economic weakness in Russia has been consistently affecting Haemonetics’ financial results and growth outlook for fiscal 2016 in the said market. In the first half of fiscal 2016, the company generated $8 million in revenues in Russia, down $6 million or 45% on a year-over-year basis. […]

In sync with the strategy of strengthening its presence in the dynamic San Francisco market, Acadia Realty Trust AKR is continuing with its acquisition activities in San Francisco, CA. In fact, during fourth-quarter 2015, this Rye, NY-based retail real estate investment trust (“REIT”) made total street-retail investment worth $55.2 million in its Fund IV portfolio, which will likely be accretive for the company, going forward. Acadia Realty is primarily focused on ownership, acquisition, redevelopment and management of neighborhood and community shopping centers […]