Month: December 2015

M cCormick & Co., Inc MKC recently announced that it has promoted Lawrence Kurzius to the position of chief executive officer (‘CEO’), effective from Feb 1, 2016. Kurzius will replace Alan D. […]

Baskin-Robbins, a unit of Dunkin' Brands Group, Inc. DNKN , is celebrating the holiday season with a new lineup of ice cream cakes. The new cake options available at Baskin-Robbins are Polar Bear Dome Cake and Fudge Yule Log Roll Cake […]

Enterprise application software provider SAP SE SAP recently upgraded its family of innovative enterprise information management (“EIM”) solutions to help clients accomplish their vision of digital transformation. The EIM solutions have been specifically engineered to leverage the increasing usage of Big Data and Internet of Things (“IoT”) for simplifying business operations. EIM is an integral component of cloud analytics market that includes a range of other applications such as cloud BI tools, hosted data warehousing, complex event processing, Enterprise Performance Management (EPM), Governance, Risk Management and Compliance (GRC) and analytics solutions […]

Moving further ahead with its store expansion strategy, Nordstrom Inc. JWN announced plans to open a couple of Rack stores, one each in Florida and Illinois. […]

Repros Therapeutics Inc. ’s RPRX shares touched a 52-week low of $1.18 on Dec 1 with the company announcing disappointing news that the FDA has issued a complete response letter (CRL) for its lead pipeline candidate, enclomiphene. […]

The pure play Powder River Basin coal operator, Cloud Peak Energy CLD , announced that its unit Cloud Peak Energy Logistics LLC has entered into an agreement with BNSF Railway Company, keeping in mind the softness in coal demand in the international markets. The new agreement will disregard the volume obligation arrangement that both parties had agreed upon earlier for the period 2016 through 2018 in exchange of a series of payments. Conditions of New Agreement Per the revised agreement, Cloud Peak Energy made an upfront payment to BNSF Railway and has the right to make payments from 2016 through 2018 replacing the previous take-or-pay commitments during this three-year period […]

Time Warner Inc. ’s TWX initiatives such as expansion into new markets and digital endeavors have been boosting its operating performance. […]

GenOn Energy Inc, an affiliate of NRG Energy, Inc. NRG , has entered into agreements to sell two of its power plants for a total consideration of $138 million. As part of its ongoing strategy of portfolio optimization, NRG Energy is selling its 525-megawatt (“MW”), waste coal-fired Seward power plant in Pennsylvania to a Robindale Energy Services unit and the 352-MW, natural gas-fired Shelby County power plant in Illinois to The Woodlands-based Rockland Capital. […]

The UK Banking system is healthy enough to withstand another financial crisis. This is the outcome of the stress test conducted by the Bank of England (“BoE”). All seven participating banks – Barclays plc BCS , HSBC Holdings plc HSBC , Lloyds Banking Group plc LYG , The Royal Bank of Scotland Group plc RBS , Nationwide Building Society, Santander UK and Standard Chartered plc SCBFF – have cleared the BoE’s 2015 stress test. […]

The rest of the week is extremely crucial for Yahoo! Inc. YHOO investors. After all, according to The Wall Street Journal, a series of board meetings will be held at Yahoo to discuss — whether to proceed with the spin-off of more than $30 billion in shares of Alibaba Holding Group Ltd BABA or sell its core business or both. […]

Wayne, NJ-based Valley National Bancorp VLY has been undertaking meaningful initiatives to enhance its scale of operations and geographical footprints. Notably, after foraying into the Florida region with its acquisition of United Bancorp, Inc., last year, the company has been seeking to further capitalize on the region’s growth potential. In this regard, Valley National inked a deal in May 2015 to acquire Orlando-based CNLBancshares, Inc […]

On Dec 2, we updated our research report on the payment processor MasterCard Incorporated MA . The company is the one of the world's largest payment solutions providers to over 38 million merchants around the globe. […]

Hertz Global Holdings Inc. HTZ announced that it has appointed David Rowlands as the general manager for the company’s UK division. David replaces Neil Cunningham, who left the organization to pursue a different career opportunity. […]

AXIS Syndicate 1686, AXIS Capital Holdings Limited ’s AXS syndicate at Lloyds got the nod from Lloyd’s to establish an underwriting division at Lloyd’s Insurance Company (China) Limited (Lloyd’s China). This new underwriting division at Lloyd’s China will write treaty reinsurance business there, beginning next year. […]

The unitholders of natural gas processor and distributor MarkWest Energy Partners LP MWE has given approval to its merger with MPLX LP MPLX – a partnership controlled by independent oil refiner and marketer Marathon Petroleum Corporation MPC . It is to be noted that 80% of the MarkWest Energy unitholders favored the merger although two founding members were against the agreement. In July, MPLX announced that it would acquire natural gas processor and distributor MarkWest Energy […]

In a bid to broaden its services in Greater Baltimore, Jones Lang LaSalle Incorporated JLL has inked a deal to acquire CIB, LLC, a leading provider of brokerage services and CIB Management, LLC, a popular commercial property manager. These well-reputed firms in the Baltimore area come with huge knowledge about local market and strong client relationships, both of which will aid Chicago-based JLL, going forward. […]

In a bid to raise its financial flexibility, American Residential Properties, Inc. ARPI has revised and extended its senior secured revolving credit facility. The revised credit facility allows the Scottsdale, AZ-based residential real estate investment trust (“REIT”) to borrow up to $450 million. […]