Year: 2015

Social media service, Facebook Inc. FB has run into trouble with Indian regulators. Per media reports, the Telecom Authority of India (TRAI) has asked Facebook’s operator partner, Reliance Communications, to “put on hold” Facebook’s Free Basics services in the country for the time being […]

Pentagon’s prime contractor Lockheed Martin Corp. LMT nabbed three major defense deals, apart from a small one, from yesterday’s funding list. The contracts are valued at $378 million in total […]

Brandywine Realty Trust BDN announced the divestiture of five office properties and a 1.6 acre development site for $395.5 million. The sale of 5 office properties, which are presently 82% leased, covering an area of 1,216,800 rentable square feet is likely to fetch $389.0 million, or $320 per square foot. The move is in sync with Brandywine Realty’s strategy of augmenting financial capability through accelerated divestitures […]

On Dec 24, 2015, we issued an updated research report on Chemed Corporation CHE . This Zacks Rank #3 (Hold) company delivered strong third-quarter 2015 results, exceeding the Zacks Consensus Estimate of both earnings and revenues. […]

It was a mixed week in terms of developments in the auto sector, although the stocks traded mostly in the red. Honda Motor Co., Ltd. HMC expanded the recall of vehicles with defective Takata airbags, while U.S. […]

On Dec 24, we updated our research report on the money transfer company MoneyGram International Inc. MGI . […]

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. BHI reported a fall in the U.S. […]

Calgary, Canada-based railroad operator Canadian Pacific Railway Limited CP was left disappointed when Norfolk Southern Corporation NSC turned down the former’s buyout offer yet again. The Norfolk, VA-based railroad operator stuck to its earlier stance while rejecting Canadian Pacific’s latest offer, asserting that even the sweetened cash and stock offer is “grossly inadequate” and significantly undervalues the company. Canadian Pacific’s latest buyout bid made on Dec 16 stated that shareholders of Norfolk Southern can receive $32.86 in cash and 0.451 share of stock in the combined entity apart from 0.451 of a contingent value right (which will have a maximum value of $25) in exchange of each of the company’s shares. […]

Adamas Pharmaceuticals, Inc. ADMS skyrocketed a phenomenal 83% on Dec 23 on positive data from the phase III EASE LID study on its lead wholly-owned candidate ADS-5102 extended-release capsules, for the treatment of levodopa-induced dyskinesia (LID) associated with Parkinson’s disease. In the multi-center, randomized, double-blind, placebo-controlled phase III EASE LID study, a statistically significant reduction (23%) in LID at 12 weeks was observed in patients who received ADS-5102 as compared to placebo, as assessed by the Unified Dyskinesia Rating Scale (UDysRS). […]

Leading U.S wireline communications company CenturyLink Inc. CTL has introduced Prism IPTV services in Vancouver, WA thereby challenging Comcast Corp.‘s CMCSA dominance in the region. […]

Shares of Latin-American carrier GOL Linhas Aereas Inteligentes S.A. ( GOL ) plunged to a 52-week low of 57 cents per share on Dec 23, eventually closing at 59 cents, following dismal November traffic data unveiled late last week. In fact, the carrier has put up a dismal show in 2015 […]

Zacks Investment Research downgraded Titan International Inc. TWI to a Zacks Rank #5 (Strong Sell) on Dec 24, 2015. […]

Bristol-Myers Squibb BMY and Seattle Genetics, Inc. SGEN announced the initiation of a phase I/II study on a combination of the former’s immunotherapy, Opdivo and the latter’s antibody-drug conjugate, Adcetris. […]

Consolidation in the banking sector is on rise. Also, regulators are approving mega deals after proper scrutiny. BB&T Corporation BBT recently received regulatory approvals from the Federal Reserve, the Federal Deposit Insurance Corporation and all state banking regulators to acquire Allentown, PA-based National Penn Bancshares Inc […]

On Dec 24, 2015, we issued an updated research report on Quest Diagnostics, Inc. DGX – a major commercial laboratory services provider. […]

Shares of Mazor Robotics Ltd. MZOR increased 3.9% to close at $10.30 on Dec 23, following the receipt of three additional orders for its Renaissance system. The company most recently announced the sale of four systems in the fourth quarter ending Dec 31, 2015 […]

Neogen Corp NEOG recently announced the acquisition of the entire range of rodenticide assets of Virbac Corp, the North American subsidiary of France-based Virbac Group, a global animal health company. However, the terms of the agreement have not been disclosed. The acquisition will expand Neogen’s rodenticide business particularly in overseas markets […]

Nutrisystem Inc NTRI is now eyeing a strategic brand acquisition to expand its product portfolio and market share. The company recently announced the acquisition of South Beach Diet brand from SBD Holdings Group for $15 million. […]

After the determination of a new defect by Takata, Honda Motor Co., Ltd. HMC announced an expanded recall of vehicles with defective Takata passenger front airbag inflators. This will add around 127,000 inflators in 2003-2004 CR-V vehicles to the recall, which were not part of the previous recall or safety improvement campaign. […]