Reinsurance Group: Forex Volatility Continues to Bother
On Dec 28, 2015, we issued an updated research report on Reinsurance Group of America, Inc. RGA . […]
On Dec 28, 2015, we issued an updated research report on Reinsurance Group of America, Inc. RGA . […]
Leading hoteliers are looking to expand in the high growth emerging markets. Recently, Starwood Hotels & Resorts Worldwide Inc. HOT announced the opening of Aloft Taipei Zhongshan, marking the brand’s debut in Taiwan. […]
Shares of Northfield Bancorp, Inc. NFBK crafted a new 52-week high, touching $16.30 on Dec 24. The stock of this New Jersey-based firm closed the session at $16.22, reflecting a year-to-date return of 13%. […]
Defense contractor Northrop Grumman Corporation NOC won a contract from the U.S. Defense Advanced Research Projects Agency (“DARPA”) for the Tactically Exploited Reconnaissance Node (Tern) program, Phase III, worth $93.1 million. Per the contract, Northrop will manufacture a medium-altitude, full-scale demonstrator of a new unmanned spy drone with a flying wing having large counter-rotating propellers, which will be able to take off from and land on destroyers and frigates […]
Updates on the regulatory front are eagerly awaited by investors in the pharma/ biotech sector as they impact the share price of the concerned company. Regulatory updates include events like filing of marketing applications, acceptance of these applications for review by the regulatory agencies, reviews by advisory panels and, finally, a response from the regulatory agency regarding the approval status. Last week, Sanofi SNY announced that it has filed a new drug application (NDA) with the FDA for the fixed-ratio combination of its diabetes drugs, Lantus (insulin glargine, 100 units/mL) and Lyxumia (lixisenatide). […]
GW Pharmaceuticals plc GWPH announced that data on its cannabidiol-based drug, Epidiolex, from the physician-led expanded access program in treatment-resistant epilepsy were published in The Lancet Neurology . As per the published paper, Epidiolex reduced seizure frequency across multiple drug-resistant epilepsy syndromes and seizure types, and administration of Epidiolex as an add-on treatment led to a clinically meaningful reduction in seizure frequency in many patients. […]
Shares of First Solar, Inc. FSLR hit a new 52-week high of $67.8 on Dec 24, eventually closing at $66.92. […]
As per The Australian, Chevron Corporation CVX has reduced headcount at Western Australia’s Gorgon LNG development by at least 1200. The company has terminated roughly 530 electrical workers from the project. […]
American Financial Group, Inc . AFG divested United Teacher Associates Insurance Company and Continental General Insurance Company, to HC2 Holdings, Inc. […]
Despite the Fed lift-off this month, we believe that adding CoreSite Realty Corporation COR to your investment portfolio is a good idea right now. Coresite Realty provides data center products and interconnection services to telecommunication carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. Notably, shares of this Denver, CO-based REIT gained over 49% year to date […]
On Dec 24, 2015, we issued an updated research report on Bemis Company, Inc. BMS , a global manufacturer of flexible packaging products and pressure sensitive materials that are sold primarily to the food industry. Bemis’ third-quarter 2015 adjusted earnings rose 9.8% year over year led by continued progress in the implementation of long-term strategies and strong operational performance […]
Premium diversified machinery firm General Electric Company’s GE financial unit, GE Capital, recently declared its decision to act as the primary provider of a $180-million secured credit facility for a Chicago, IL-based beverage & food company, Arbor Investments. The company would utilize the funds to acquire majority stake in DPI Specialty Foods, Inc. (‘DPI’) […]
Investors in the pharma/biotech sector eagerly wait for pipeline updates as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight on the commercial potential of the candidate once it is successfully developed and commercialized. Novartis NVS announced encouraging results from two phase III studies (MEASURE 1 and MEASURE 2) on Cosentyx (secukinumab) for the indication of ankylosing spondylitis (AS) […]
Investors in the pharma/biotech sector eagerly wait for pipeline updates as they play an important role in deciding whether or not to invest in a particular company. These updates provide information on experimental drugs and at times give an insight on the commercial potential of the candidate once it is successfully developed and commercialized. […]
Offshore drilling giant Transocean Ltd. RIG declared the termination of the contract for its drillship Polar Pioneer by Europe’s largest oil company Royal Dutch Shell plc RDS.A . The contract was scheduled for expiration in Jul 2017 […]
Zacks Investment Research downgraded CVR Partners, LP UAN to a Zacks Rank #5 (Strong Sell) on Dec 24. Why the Downgrade? CVR Partners slipped to a loss in third-quarter 2015, hit by a major plant turnaround, outages and costs related to its planned purchase of Rentech Nitrogen Partners RNF […]
Recently, FelCor Lodging Trust Incorporated FCH has been aiming to increase its shareholders’ value by disposition of assets. In fact, in CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas, published in reit.com, Richard Smith, president and CEO of FelCor, explained the company’s asset disposition strategy. The Irving, TX-based real estate investment trust’s (“REIT”) goal is to improve capacity and utilize the sale proceeds for other high-yielding assets. […]
Goldcorp Inc. GG said that it has successfully decommissioned the El Sauzal mine in Mexico, in compliance with the International Cyanide Management Code ("ICMC"), and the same will be withdrawn from the ICMC. […]
Agenus Inc. ’s AGEN shares were up 6.2% on the company's announcement of the acquisition of privately-held PhosImmune Inc. Agenus made an upfront payment of $2.5 million in cash and $7.4 million in shares […]
We had issued an updated research report on Invesco Ltd. IVZ on Thursday, Dec 24, 2015. Based in Atlanta, GA, Invesco operates as an independent investment manager with approximately $791.1 billion in assets under management (“AUM”) as of Nov 30. […]
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