Year: 2015

Jones Lang LaSalle Incorporated ’s JLL global real estate facilities management assignment has been extended by HSBC Holdings plc HSBC to 2021. This three-year extension on the initial five-year term reflects the efficiency and benefits that HSBC continues to experience from JLL’s service. Notably, JLL’s facilities management services across HSBC’s 55 million-square-foot global real estate portfolio are aimed at providing steady service delivery, risk reduction and cost savings […]

Shares of mobile satellite services provider – Iridium Communications Inc. IRDM – rallied around 7.4% in yesterday’s trading session, following the successful launch of Falcon 9 rocket by commercial spacecraft specialist SpaceX. Iridium is counting on these commercial launches for its own next-generation satellite network – NEXT […]

Actelion Ltd. ALIOF announced that the FDA has approved Uptravi for the treatment of patients with pulmonary arterial hypertension (PAH). Uptravi is approved in the U.S […]

Celgene Corporation CELG announced that it has settled a litigation related to its blockbuster product, Revlimid, with India-based Natco Pharma Ltd. and its U.S. partner, Arrow International Limited, and Arrow’s parent company, Allergan plc AGN . […]

Premium technical services company Jacobs Engineering Group Inc. JEC recently won a three-year contract from the renowned Global Engineering Partner, BASF, for an undisclosed amount. The new agreement will not only help boost the company’s organic growth trajectory but also augment its brand status in the global engineering and construction market. […]

We have issued an updated research report on Colfax Corporation CFX on Dec 22, 2015. The company’s exposure to headwinds has restricted its growth momentum, resulting in a low investment value for the stock in the near term. […]

In a notable development, Vornado Realty Trust VNO announced the divestiture of its leasehold interest in 20 Broad Street. Also, the NY-based real estate investment trust (“REIT”) executed a $450-million financing of the retail condominium of St. […]

Fifth Third Bancorp’s FITB deal to sell 17 branches, retail and private banking deposits worth $383 million and consumer loans in Pittsburgh to Pennsylvania-based F.N.B. Corporation FNB has received all necessary regulatory approvals. Recently, in the last pending consent, the Office of the Comptroller of the Currency also extended its affirmation. […]

Premium information technology company Wipro Ltd. WIT has inked a definitive agreement to buy U.S.-based capital market software provider, Viteos Group, for $130 million. […]

Ericsson ERIC , in collaboration with QUALCOMM Inc. QCOM , a premium semiconductor company, recently completed a live demonstration of 4×4 multiple-input and multiple-output (“MIMO”) to achieve downlink data speeds of up to 380 Mbps during peak web traffic. […]

Shares of Tutor Perini Corporation TPC rose around 4.4% and closed at $16.33 yesterday after the company announced that it has secured two civil projects. The building & construction company has won the first contract from the Delaware Department of Transportation (DelDOT), while the other one was granted by the government of the Federated States of Micronesia. Together, the projects were valued around at $102.4 million […]

On Dec 22, 2015, we issued an updated research report on Intercontinental Exchange Inc. ICE . […]

On Dec 22, 2015, we issued an updated research report on Thermo Fisher Scientific Inc. TMO – Massachusetts-based scientific instrument maker and a world leader in serving science. […]

Last week, it was all about Martin Shkreli who made headlines thanks to his arrest on fraud charges. The saga continued with Shkreli being released on bail and then being fired from the position of CEO of two companies. Recap of the Week’s Most Important Stories Martin Shkreli found himself being removed from the position of CEO of two companies – Turing and KaloBios KBIO . […]

Shares of leading communications equipment and service provider Harris Corp. HRS hit a 52-week high of $86.88 on Dec 22. The Melbourne, FL-based company has been enjoying a fantastic last month of the year […]

Kite Realty Group Trust KRG recently announced the disposition of two unencumbered properties, generating $45 million in gross proceeds. Specifically, these assets include Four Corner Square, an 119,579-square foot shopping center in Maple Valley, WA; and Cornelius Gateway in Cornelius, OR, covering 21,326 square feet. Proceeds from the sale were used to partially fund the redemption of the company’s 8.25% preferred shares on Dec 7. […]

Zacks Investment Research downgraded Westlake Chemical Partners LP WLKP to a Zacks Rank #5 (Strong Sell) on Dec 23, 2015. Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of underperforming the broader market over the next few quarters. Why the Downgrade? […]

As the year draws to a close we take a look at the technology sector, where key players are emerging, merging, expanding, metamorphosing, splitting or even getting wiped out. There has been much innovation across the board and the collaboration trend we noticed last year gathered momentum in this one. […]

On Dec 22, 2015, we issued an updated research report on Hess Corporation HES , a global exploration and production (E&P) company. Hess’ priority remains investment in future growth with a balanced approach between unconventional, exploitation and exploration. Such investments are expected to realize an average annual production growth of 5–8% through 2017 and beyond. […]

On Dec 22, 2015, we issued an updated research report on Apogee Enterprises, Inc. APOG . […]