Year: 2015

Ericsson ERIC has collaborated with Mobile TeleSystems PJSC MBT and the Commonwealth of Independent States for introduction of IoT and 5G technologies in Russia. In particular, Ericsson and Mobile TeleSystems have inked a Memorandum of Understanding (‘MOU’), which entails the spectrum studies of next generation network. On an initial level, both the firms will work towards the construction of requirements and use cases along with evaluation of performance and efficiency of 5G key technology components. […]

Paychex Inc. PAYX reported mixed results for second-quarter fiscal 2016 wherein the bottom line beat the Zacks Consensus Estimate but top line missed the same. Nevertheless, the company marked year-over-year improvement on both the counts. […]

We issued an updated research report on RenaissanceRe Holdings Ltd. RNR on Dec 21, 2015. […]

Abercrombie & Fitch Co. ANF announced plans to mark the debut of its Abercrombie & Fitch brand in the UAE with a new store in Dubai, at the Mall of Emirates. The store is slated to open doors on Dec 26, 2015. […]

Britain’s second largest bank Barclays PLC BCS , which is simplifying businesses by selling off risky assets to primarily focus on core banking operations and boost bottom line, sold a £500 million ($744 million) portfolio of UK leveraged mid-market loans. The loans were sold to alternative investment manager and direct lending specialist Ares Management, L.P. […]

Caterpillar Inc . CAT has been adjudged guilty by Chicago’s federal court for stealing trade secrets from Cramlington, England-based supplier, Miller UK Ltd and ordered to pay damages of $73.6 million. Caterpillar is disappointed by the verdict that followed a two-month trial and is contemplating its next move. […]

Leading mass customization company Cimpress N.V. CMPR continued its acquisition spree as it inked a definitive agreement to acquire German web-to-print business WIRmachenDRUCK GmbH. The deal is in sync with its attempts to expand its operations and build a mass customization platform (“MCP”) that optimizes production and supply chain of its products. […]

Shares of Companhia Brasileira de Distribuicao CBD dropped to a 52-week low of $10.15 on Dec 21 after the company initiated a legal review of issues related to inventory management. Share price of this Brazilian retailer eventually closed at $10.44 on Dec 21. […]

China’s top leadership has promised to take fresh measures this Monday in order to boost economic growth. According to statements issued through the official news agency, Xinhua, monetary and stimulus measures will continue to support the economy. […]

Cerner Corporation ’s CERN Business Office Services (BOS) have been recently chosen by Northern Arizona Healthcare (NAH) health system. Cerner has been NAH’s IT vendor since 1997 and currently offers its services to two of the health system’s acute hospitals and 38 ambulatory facilities. […]

Dillard's Inc. DDS touched a 52-week low of $65.63 yesterday as investors appear to be gradually losing confidence in the stock. Shares of the company have plunged 15% since its dismal third-quarter fiscal 2015 results, released on Nov 16. […]

After announcing an expected increase of 3 cents per share in net investment income per annum after the Federal Reserve raised interest rates by 0.25%, Hercules Technology Growth Capital, Inc. HTGC is now taking efforts to position it better through active liquidity and balance sheet management in order to capitalize on the changed interest rate environment. In an attempt to lower cost of financing, the company had previously announced the redemption of $40.0 million of the $85.9 million in issued and outstanding aggregate principal amount of the company’s 7.00% Senior Unsecured Notes due September 2019. […]