Month: December 2015

Starwood Hotels & Resorts Worldwide Inc. HOT announced the opening of its first Sheraton brand hotel in China’s Heilongjiang Province. The new hotel is owned by Harbin Taihong Real Estate Development Co., Ltd, a subsidiary of Eontime Real Estate (Group) Co., Ltd […]

According to media reports, McDonald's Corp. ’s MCD Canadian division — McDonald's Canada — recently opened standalone McCafe restaurant in Toronto. […]

When streaming services — especially music — are in question, family plans are quite popular for the obvious reason, i.e., economy. No wonder, Spotify's family plans and Apple AAPL Music's family options enjoy such demand! Family plan was the one great feature missing from Alphabet ’s GOOGL Google Play Music — but not anymore. Google has finally launched a family plan with a price tag of $14.99 a month, which will include unlimited music streaming for up to six accounts. […]

Raytheon Company RTN has won a $543.3 million modification contract from the U.S. Missile Defense Agency (“MDA”) to construct, assemble, test and deliver up to 17 Standard Missile-3 (“SM-3”) Block IIA interceptors. […]

athenahealth, Inc. ATHN recently reiterated its financial guidance for 2015 and also announced estimations for fiscal 2016. The company maintained its total revenue projection at or above the midpoint of the $905–$925 million range. […]

Charter Communications, Inc. CHTR recently launched a website – enterprise.spectrum.com – that will offer content and particulars regarding reliable and scalable network solutions specifically for mid and large-sized business organizations. […]

In sync with its international plans, low-cost carrier Southwest Airlines Co. LUV decided to flag off daily non-stop flights between Los Angeles International Airport (LAX) and Daniel Oduber Quiros International Airport in Liberia/Guanacaste, Costa Rica. […]

American Airlines Group Inc. AAL plans to step-up services on international flights with the rollout of Premium Economy. The service will be available on Boeing 787-9s starting late 2016 […]

The Federal Reserve is all set to raise interest rates for the first time in more than eight years when it meets for one last time this year on December 16. The last federal fund rate hike happened in 2006. The Fed has kept interest rates near zero since Dec 2008 […]

We issued an updated research report on ProAssurance Corporation PRA on Dec 10, 2015. The company’s inorganic growth strategies, solid competitive market position, prudent operating and financial leverage, responsible pricing, loss reserve practice and conservative investments in assets will likely generate growth. ProAssurance’s core business has been witnessing substantial improvement over the past few quarters, thereby driving premiums […]

Dow Chemical DOW said that its Sadara joint venture with Saudi Arabian Oil Company (Saudi Aramco) in the Middle East has started production of polyethylene, meeting the earlier announced target to commence initial production by end-2015. This represents a significant milestone for the joint venture. The Sadara investment supports Dow’s strategy to enable cost-advantaged growth in rapidly growing regions. […]

While the Federal Reserve’s impending decision on raising interest rates next week and heightened market volatility sparked mixed reactions, the lower trading revenue outlook provided by some of the major banks signified that the earnings picture will remain subdued in the fourth quarter. At the Goldman Sachs US Financial Services Conference in New York on Wednesday, the two banking giants – Citigroup Inc. C and Bank of America Corporation BAC provided a bleak trading revenue outlook for fourth-quarter 2015. […]

According to media reports, The Walt Disney Company DIS has invested another $200 million in Vice Media, the youth-oriented media and news organization, known for its coverage of current affairs for the millennial generation. Last month, Disney had made a similar investment in the organization. […]

After announcing a definitive merger agreement with ON Semiconductor Corp. ON last month, semiconductor maker Fairchild Semiconductor International Inc. […]

The U.S. Energy Department's inventory release showed that crude stockpiles recorded a drop for the first time in 11 weeks. The report further revealed that refined product inventories – gasoline and distillate – both increased from their previous week levels. […]

Markets took losses over the week following dismal economic data which raised concerns about China’s economy. The Shanghai Composite Index gained on Monday following a rally from tech, consumer discretionary and healthcare stocks. The benchmark index moved lower on Tuesday following particularly dismal trade data. […]

The financial crisis related issues seem to be far from over. Citigroup Inc. C has yet again been hit with a lawsuit by a collapsed hedge fund – Millennium Global Emerging Credit Fund Ltd […]

General Electric Company GE crossed a major milestone as it completed over $100 billion worth of portfolio and business unit sales, as the sale of its U.S. and Canadian portion of its fixed-wing Corporate Aircraft financing portfolio wrapped up. […]