Month: December 2015

Industrial tool maker Illinois Tool Works Inc. ITW recently hosted its Investors Day 2015 on Dec 4. […]

Armada Hoffler Properties, Inc. AHH recently priced 3 million underwritten common shares, which fetched net proceeds of around $30.6 million. This move is expected to increase the Virginia Beach, VA-based residential real estate investment trust’s (“REIT”) liquidity strength […]

On Dec 7, 2015, Zacks Investment Research downgraded Silgan Holdings Inc. SLGN , the packaging company, to a Zacks Rank #5 (Strong Sell). Why the Downgrade […]

Sonoco Products Co. SON provided its financial outlook for 2016 and reaffirmed the same for 2015 while outlining strategic priorities till 2017, on Dec 4. Shares of Sonoco grew 0.66% on the news and eventually closed at $42.93 on the day […]

L Brands, Inc. LB reported better-than-expected comparable-store sales (comps) for the month of November. […]

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. BHI reported a fall in the U.S. […]

Barrick Gold Corporation ABX recently extended the termination date on the majority of its fully undrawn $4 billion revolving credit facility from Jan 2020 to Jan 2021. The company also amended the credit facility's key financial covenant. […]

Verizon Communications Inc. VZ recently announced its plans to unveil its much awaited Wi-Fi calling feature from Dec 8, 2015. The function will initially be available on the Samsung Galaxy S6 and the S6 Edge. […]

U.S. telecom behemoth AT&T, Inc. […]

In a recent turn of events, Mexican opposition senators voted in favor of extending the deadline of the conversion of TV signals from analog to digital by the end of 2016. Notably, a couple of weeks ago, Mexican telecom regulator, Federal Telecommunications Institute (IFT or Ifetel), had reaffirmed that the digitization of TV signals across the nation would be completed by the end of this year. The revised decision was taken on the grounds that an attempt to meet the Dec 31, 2015 deadline would leave millions of viewers across the nation without TV access […]

Bristol-Myers Squibb Company BMY announced extended follow-up data and a pre-specified interim overall survival (OS) analysis of Empliciti (elotuzumab) in combination with Revlimid (lenalidomide) and dexamethasone in patients with relapsed or refractory multiple myeloma from the phase III ELOQUENT-2 study. Follow-up data demonstrated that Empliciti plus Revlimid and the dexamethasone regime led to an improvement in progression-free survival compared to Revlimid alone. A pre-specified interim analysis of OS demonstrated a positive trend favoring the Empliciti combination versus Revlimid monotherapy. […]

On Dec 4, 2015, Zacks Investment Research downgraded Jacobs Engineering Group Inc. JEC to a Zacks Rank #4 (Sell) from a Zacks Rank #3 (Hold) primarily due to an unfavorable business environment. Going by the Zacks model, companies holding a Zacks Rank #4 have chances of underperforming the broader market over the next few quarters […]

Zacks Investment Research downgraded Orion Engineered Carbons SA OEC to a Zacks Rank #5 (Strong Sell) on Dec 5, 2015. Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of underperforming the broader market over the next few quarters. Why the Downgrade […]

The following is an excerpt from John Blank's latest Market Strategy Report . Click here to access the full PDF. December is Here! Small gift-buying stirs the season. […]

The European Union Competition Commission (EC), the antitrust regulatory body of the European Union (EU) has rejected the UK competition authority’s plea to take over the evaluation of the Telefonica-Hutchison merger deal in the country, despite its claim of understanding the domestic market better. Notably, in Mar 2015, Spanish telecom behemoth Telefonica SA TEF had decided to divest its U.K. […]

Starwood Hotels & Resorts Worldwide, Inc. HOT announced the opening of its first hotel in Magong City, Penghu Island, under the brand Four Points by Sheraton, in association with Jia Peng Co., Ltd. […]

On Dec 7, 2015, we issued an updated research report on California-based life sciences company – Illumina Inc. ILMN . Using its proprietary technologies, the company offers innovative sequencing and array-based solutions for analysis of genetic variation and function […]

Goldcorp Inc. GG recently declared that its President and CEO, Chuck Jeannes will retire from his roles in Apr 2016 after the company’s Annual General Meeting. […]