Month: December 2015

Premium industrial goods company Kaman Corporation KAMN recently announced that its aerospace division, Kaman Aerosystems, has acquired the renowned German designer and manufacturer of super-precision mini-ball bearings, GRW Bearing GmbH (‘‘GRW’’). Citizens bank is acting as the primary financial advisor of the entire transaction, valued at €135.2 million. GRW’s mini-ball bearings have unique operating capabilities as well as distinctive engineering design […]

Job cuts have become a common phenomenon for companies (across all sectors) to sustain the profitability when a particular division doesn’t earn sufficiently. For banks, which already face top-line pressure, trimming jobs seems a prudent way to control expenses and improve returns. The latest financial institution to jump on the bandwagon is Morgan Stanley MS . […]

Wyndham Worldwide Corporation ’s WYN Wyndham Vacation Rentals recently inked a global distribution agreement with The Priceline Group Inc.’s PCLN Booking.com. Per the deal, Wyndham's vacation rental brands – Landal GreenParks, Novasol, Hoseasons, cottages.com and Wyndham Vacation Rentals North America – can use the Booking.com site and apps as distribution channels for its properties. This deal comes at a time when rapid technological changes and evolving consumer preferences – as more guests book hotels and vacation rentals online – are making it necessary for hoteliers to invest in technological upgrades. […]

This week will be a vital one for the U.S. Internet service provider (ISP) industry as a federal appeals court in Washington D.C. will take up the lawsuit related to the net neutrality rules proposed by the FCC (Federal Communications Commission). […]

On Nov 30, 2015, we issued an updated research report on Laboratory Corporation of America Holdings LH , a leading independent clinical laboratory company. LabCorp’s consolidated third-quarter earnings, post the acquisition of Covance, barely managed to meet the mark although revenues exceeded expectations. The company is currently working on portfolio expansion and is focusing more on the high-margin esoteric testing business to drive its top line. […]

Boston Scientific Corporation BSX recently won the U.S. Food and Drug Administration’s (FDA) approval and the CE Mark for its AngioJet ZelanteDVT thrombectomy catheter. The regulatory clearances make way for the commercialization of the device in the U.S. […]

Canadian Solar Inc. CSIQ announced that its wholly owned subsidiary, Recurrent Energy, has signed a partnership agreement to sell its 51% controlling interest in the 157.5-megawatt (“MW’) Roserock solar photovoltaic (“PV”) project in Texas to Southern Power, a subsidiary of Southern Company SO . Canadian Solar will retain a 49% stake in the project. […]

On Nov 30, 2015, we issued an updated research report on California-based Align Technology Inc. ALGN , a developer of aligner therapy, intra-oral scanners and CAD/CAM (computer-aided design and computer-aided manufacturing) digital services. Align Technology delivered a mixed third-quarter 2015 with the top line exceeding the Zacks Consensus Estimate while the bottom line was merely in line with the same […]

Inogen Inc. INGN recently provided an update to its full-year 2016 guidance. The company now projects adjusted EBITDA in the range of $35–$37 million, representing an approximate increase of 14.8% to 21.3% over the 2015 guidance mid-point of $30.5 million […]

On Nov 28, Zacks Investment Research upgraded Weight Watchers International, Inc. WTW to a Zacks Rank #1 (Strong Buy). The weight management service operator has been witnessing an upward trend in earnings estimates ever since management issued optimistic growth outlook at the Global Consumer & Retail conference on Nov 17 […]

Amazon.com AMZN always has a way of attracting attention — either through fabulous deals or amazing stock performance — around the holidays (throughout the year actually). Just hours before Cyber Monday, the e-Commerce giant released a video starring TV host Jeremy Clarkson who claimed to be from “the not-too-distant future”. The video showed how drones delivered a child’s soccer shoes in half an hour. […]

Worthington Industries, Inc. WOR declared that its Alternative Fuels business has inked a multi-year contract with Teijin Engineering for supplying Type 3 composite hydrogen cylinders to a major Japanese automotive OEM. […]

According to the New York Post, the much-awaited merger between Staples, Inc. SPLS and Office Depot, Inc. ODP may not get a green signal from the Federal Trade Commission (FTC) […]

Leading global entertainment technology company, IMAX Corporation IMAX is constantly making efforts to expand its presence in the rapidly growing Japanese movie market. In a move aimed at fulfilling this objective, this Canada-based company recently inked a deal with Japan's highest-grossing exhibition company, Toho Cinemas Ltd., a subsidiary of Toho Co. Ltd., for ten more IMAX theaters in the country […]

Allscripts Healthcare Solutions Inc. MDRX recently announced a new share repurchase program worth $150 million. […]

Recently, Microsoft Corporation MSFT was upgraded to “Strong Buy” from “Market Perform” by Raymond James' analyst Michael Turits. Also, he gave a price target of $62.00. […]