Month: December 2015

Teva Pharmaceutical Industries Ltd. TEVA announced that the FDA’s Pulmonary Allergy Drugs Advisory Committee has recommended the approval of its biologic, reslizumab. […]

ConocoPhillips COP has released its capital spending budget and operating plan for 2016. The company’s 2016 capital budget of $7.7 billion is 25% below the expected 2015 capital spending and 55% lower than that of 2014. […]

Raptor Pharmaceuticals Corp. RPTP presented efficacy results at 36 months from the phase II/III CYST-HD study on RP103 for the treatment of patients with Huntington's disease. The study is being conducted in collaboration with Centre Hospitalier Universitaire d'Angers, France […]

Among the top stories this week, research firm NPD reported video games sales data for the month of November. Meanwhile, Electronic Arts EA got battered again as videogame retailer GameStop Corp. […]

XL Catlin, the global brand used by XL Group plc XL , recently introduced a set of comprehensive financial institution bond insurance policies in the U.S. This insurance product aims to protect the balance sheet of financial institutions against employee dishonesty, burglary, robbery, forgery and similar crimes. […]

GameStop Corp. GME , which launched its new Technology Brands segment in 2013, reached an important landmark with the opening of its 1,000th technology brand store. GameStop is now not only the biggest game retailer in the world but is also a major AT&T, Inc […]

Texas Instruments TXN or TI recently launched bq76PL455A-Q1, an integrated battery monitor and protector (industry’s first), primarily for electric vehicles, hybrid electric vehicles, and grid energy storage systems. The new device has the capability to monitor 16 battery cells at a time. It offers precise cell-voltage monitoring for large batteries with up to 256 cells in a series and therefore allows smarter battery management in hybrids, electric vehicles and grid storage. […]

Merck & Co. Inc. MRK and Eli Lilly and Company LLY announced yet another immuno-oncology collaboration – the companies expanded their existing immuno-oncology tie-up under which Merck’s Keytruda will be evaluated in combination with Eli Lilly’s abemaciclib in a phase I study across multiple tumor types. […]

The board of directors of electric utility provider, PNM Resources, Inc. PNM , approved an annual dividend hike of 10% or 8 cents per common share to take the payout to 88 cents per share. This brings the quarterly dividend to 22 cents per share […]

On Dec 11, 2015, we issued an updated research report on Torchmark Corporation TMK . Torchmark’s focus on niche markets, steady capital deployment and strong operational growth are expected to drive long-term prospects. Currently, expected long-term growth is pegged at 7.2%. […]

We issued an updated research report on PartnerRe Ltd. PRE on Dec 11, 2015. […]

Over the last five trading days, global economic concerns and continuous fall in oil prices have dampened the performance of banking stocks, which had been encouraging post the positive comments from the Fed Chairwoman Janet Yellen about rate hike. Dismal fourth-quarter 2015 outlook for trading revenues added to the woes. Lawsuits and settlements pertaining to business malpractices continued unabated as usual […]

Edison International EIX strives to provide increased value to its shareholders over the long term. The company has raised its quarterly cash dividend by 15% to 48 cents from the previous payout of 41.75 cents. This hike is a significant step toward achieving its target payout ratio of 45% to 55% of Southern California Edison’s (“SCE”) earnings. […]

Constellation, the competitive retail and wholesale energy handling arm of Exelon Corporation EXC , has inked a 20-year power supply agreement with Archdiocese of Baltimore. Per the terms of this deal, Constellation will construct, own and operate a 5.4 megawatt (“MW”) solar power plant in Hartford County, MD. […]

The Dow declined for the second consecutive week, weighed down by a slump in oil prices. The index declined 0.7% on Monday due to a selloff in energy and material shares. The index suffered losses again on Tuesday after it was dragged down by declines in energy and material shares […]

Water utility American Water Works Company Inc. AWK further expanded its operations by acquiring Hickory Hills water and sewer systems, through its unit Missouri American Water. […]

The world’s largest oilfield services provider, Schlumberger Limited SLB announced that Schlumberger Holding Corporation, its wholly-owned subsidiary and the holding company for its U.S. operations, will issue senior notes in five tranches. The five tranches have been named according to their respective years of maturity – 2017, 2018, 2020, 2022 and 2025. […]

In order to reach out to more customers, Time Inc. TIME announced that it has entered into partnerships with Hulu, Yahoo! Inc. YHOO and Zealot Networks for digital video distribution […]