Year: 2015

Arthur J. Gallagher & Co. […]

Facebook, Inc. FB has taken a lead in live streaming videos by expanding the feature to Facebook pages for verified accounts on iOS. In August, the feature was launched on a small scale, allowing only public figures to access live stream (through Facebook Mentions) […]

BioMarin Pharmaceutical Inc. BMRN announced that the FDA has not yet completed its review process for the marketing application for Kyndrisa. Subsequently, the regulatory agency expects to render a final decision in early Jan 2016 instead of the previous date of Dec 27, 2015 […]

Mallinckrodt plc MNK announced that it has entered into a purchase agreement with The Medicines Company MDCO . As per the agreement, Mallinckrodt will acquire three hemostasis drugs from The Medicines Company – Recothram Thrombin topical (recombinant), PreveLeak and Raplixa (fibrin sealant). […]

Brazilian commercial aircraft manufacturer Embraer S.A. ERJ has delivered the first consignment of two E195 jets to China’s Tianjin Airlines as part of a sales agreement signed in 2014. The agreement involved supplying 20 E195 and 20 E190-E2 jets. […]

Boeing BA shares lost 4.11% on Dec 18 following Wells Fargo's downgrade from Outperform to Market Perform. The primary reasons behind the downward revision were lower expected guidance and risks going into 2016. Wells Fargo analyst Sam Pearlstein believes that the aerospace giant’s risk-reward profile is less favorable heading into fiscal 2016 […]

AstraZeneca plc AZN came up with important announcements on both the pipeline and regulatory front. Durvalumab Shows Clinical Activity in ATLANTIC Study AstraZeneca provided an update on preliminary findings from the phase II ATLANTIC study on durvalumab (MEDI4736). The non-comparative, open-label, multi-center study evaluated the efficacy and tolerability of durvalumab for the third-line or later stage treatment of patients with locally advanced or metastatic non-small cell lung cancer (NSCLC; stage IIIB-IV) who have received at least two prior systemic treatment regimens including one platinum-based chemotherapy regimen […]

Putting speculations to rest, Qihoo 360 Technology Co. Ltd . QIHU is officially being taken private by a group of investors headed by the company’s chairman and CEO Zhou Hongyi, without altering any terms of the offer made in June […]

DTE Energy Corp. DTE announced that the Ontario Energy Board has approved applications from Union Gas Ltd. […]

In a notable development, Cousins Properties Incorporated CUZ recently renewed a lease deal with Bank of America, N.A. for a period of 10 years. […]

Raytheon Company RTN won a $2.35 billion modification contract from the U.S. Missile Defense Agency (“MDA”) to build 52 Standard Missile-3 (“SM-3”) Block IB missiles. […]

Mining and equipment behemoth, Caterpillar Inc. CAT reported an 11% decline in its global retail sales for the three months ended Nov 2015. […]

Statoil ASA STO , along with its partners, submitted the plan for development and operation (PDO) of the Oseberg Vestflanken 2 in the North Sea to the authorities. The development is expected to yield over 100 million barrels of oil equivalent. Located about eight kilometers northwest of the Oseberg field centre, Oseberg Vestflanken 2 development includes the Alpha, Gamma and Kappa oil and gas structures […]

Following in the footsteps of its peers, Royal Dutch Shell plc RDS.A recently opted out of an agreement with Noble Corporation plc NE related to its Noble Discoverer drillship, ahead of scheduled time. Notably, the deal termination announcement came on the same day when offshore drilling giant Transocean Ltd. RIG declared the contract termination of its drillship Discoverer Americas by Statoil ASA STO […]

Vornado Realty Trust VNO recently disclosed that it has completed a $375-million refinancing of 888 Seventh Avenue, which is an 882,000-square foot Manhattan office building. Notably, the loan, with a term period of five years, is interest-only at London inter-bank offered rate (“LIBOR”) plus 1.60%, and was swapped for a term loan with a fixed interest rate of 3.15%. This move has fetched the NY-based real estate investment trust (“REIT”) net proceeds of around $49 million […]

Zacks Investment Research downgraded Kraton Performance Polymers Inc. KRA to a Zacks Rank #5 (Strong Sell) on Dec 19, 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. […]

We have issued an updated research report on Kennametal Inc. KMT on Dec 21, 2015. […]