Month: December 2015

Lions Gate Entertainment Corp. LGF , a producer and distributor of motion pictures for theatrical and straight-to-video releases, has entered into an exclusive long-term deal with Discovery Communications, Inc. DISCA to distribute Discovery programming across packaged media platforms in the U.S […]

Principal Financial Group Inc. PFG announced its projections for 2016 and divulged its capital deployment plans. Shares lost about 5.1% in the last trading session to finally close at $48.20 yesterday […]

H&R Block Inc . HRB is set to report fiscal second-quarter 2016 results on Dec 7 after the market closes. Last quarter, the company posted a positive 14.63% surprise […]

The European Central Bank (“ECB”) cut its deposit rate by 10 basis points to -0.3% and extended its asset purchase program by six months to at least the end of March 2017, in order to overcome weak growth and lift inflation. This undermined the expectations of the market, which anticipated higher reduction in the deposit rate and a probable cut to the refinancing rate. However, with all eyes on the Federal Reserve’s next policy meeting to be held Dec 15–16, the monetary policy stimulus program of the ECB was overshadowed by the potential increase in interest rates in the U.S. […]

Marathon Petroleum Corporation MPC − a leading independent refiner, transporter and marketer of petroleum products − unveiled its capital investment plan for the year 2016. During the year, the company will likely invest $4.2 billion. Out of the total amount, Marathon Petroleum is expected to spend $1.5 billion on the refining and marketing business […]

Following a strategy of continuous expansion of its footprints, Raymond James Financial, Inc. RJF announced a deal to acquire U.S. […]

Per Bloomberg, The Royal Bank of Scotland Group plc RBS will once again consider the sale of Ulster Bank, its consumer banking business in Ireland. According to people familiar with the matter, such review is anticipated to commence next year, while a decision will likely be reached over the next two years. Notably, in 2014, the company had dropped its plans to dispose Ulster Bank owing to complexities in prospective integration, and consequently, higher selling cost. […]

Solar technology company, SunEdison, Inc. SUNE recently announced that construction of the 4.5 megawatt (MW) DC solar project for the Brockton Housing Authority has begun in Dighton, a town in Bristol County, MA, United States. Construction of the project is expected to be complete in the first half of 2016. […]

Premium technology company Alcatel-Lucent ALU recently declared that it has successfully deployed a monitoring, information, management and control system based on Internet Protocol/Multi-Protocol Label Switching (‘IP/MPLS’) technology. This technology would help Poland’s maritime authorities enhance operational efficacy as well as safety at ports located near the Baltic Sea. […]

A lot was at stake for investors of GoPro, Inc. GPRO , the high-definition action camera manufacturer, soon after its biggest supplier Ambarella, Inc. AMBA reported third-quarter fiscal 2016 earnings yesterday post the closing bell […]

Progenics Pharmaceuticals, Inc. PGNX announced that it has completed patient enrolment in a pivotal phase IIb study on Azedra for the treatment of patients with malignant or recurrent pheochromocytoma and paraganglioma. The study is being conducted under the Special Protocol Assessment (SPA) agreement with the FDA […]

International Business Machines Corporation IBM is targeting $1 billion in revenues in 2016 from its cloud infrastructure business, SoftLayer, up from $700 million to $800 million expected for 2015, as per Bloomberg, which cited sources familiar with the matter. Bloomberg puts it as an “ambitious goal” that highlights the company’s attempts to grow its cloud business amid stiff competition from other tech giants like Microsoft Corporation MSFT , Alphabet Inc. […]

California-based molecular diagnostics provider Cepheid CPHD recently entered into a new strategic agreement with long-term partner, Foundation for Innovative New Diagnostics (FIND), a non-profit organization aimed at offering affordable diagnostic products and services in developing countries. Financial terms of the deal have been kept under wraps. […]

On Dec 4, 2015, we issued an updated research report on California-based molecular diagnostics provider – Cepheid CPHD . The company develops varied diagnostic assays that enable rapid, sophisticated molecular testing for organisms and genetic diseases by automating complex manual laboratory procedures. […]

Brazilian utility service provider Companhia de Saneamento Basico do Estado de Sao Paulo SBS or SABESP recently announced its 20th issuance of simple, unsecured and non-convertible debentures worth approximately R$500 million. As disclosed, the single-series debenture offer, approved by SABESP’s board of directors on Nov 27, will be presented to a maximum of 75 professional investors. […]

We issued an updated research report on Weyerhaeuser Company WY on Dec 3, 2015. Despite solid long-term prospects, exposure to certain headwinds has restricted the company’s growth momentum in the near term. […]

DuPont Fabros Technology, Inc. DFT recently raised its quarterly cash dividend by 12% to 47 cents per share from 42 cents paid earlier. […]

Chemical and advanced materials maker, Celanese CE said that it has completed the sale of its atmospheric (vinyl and acrylics) emulsions unit in Tarragona, Spain to petrochemical company, IQOXE. Financial terms of the transaction were not divulged. Tarragona-based IQOXE specializes in the production of ethylene oxide, glycols and ethylene oxide derivatives […]