Year: 2015

Air Products and Chemicals, Inc. APD recently filed an initial Form 10 with the United States Securities and Exchange Commission, moving a step ahead with its earlier announced Materials Technologies business spin-off. Post the spin-off, expected to complete on or before Sep 2016, the unit will be named Versum Materials. […]

U.K. supermajor BP plc BP announced that its U.S. Lower 48 Onshore oil and natural gas company has agreed to acquire all of Devon Energy Corp.'s DVN assets in the San Juan Basin in New Mexico and Colorado […]

If rumors are to be believed, Amazon.com AMZN is preparing to take on the package delivery giants. But is the industry ready for the mayhem that would create? Remember the retail debacle of Christmas 2013? […]

According to a Nikkei report, Nomura Holdings, Inc. NMR is contemplating the purchase of 41% stake in American Century Investments, a Missouri-based money manager, from Canadian Imperial Bank of Commerce. Notably, the probable acquisition is consistent with Nomura’s focus on expanding its operations in the Americas. […]

On Dec 21, 2015, we issued an updated research report on Progressive Corp. PGR – a leading independent agency writer of private passenger auto coverage. This Zacks Rank #3 (Hold) company continually strives to enhance and innovate its products, services and distribution capabilities […]

GOL Linhas Aereas Inteligentes S.A. GOL witnessed a decline in air traffic in the month of Nov 2015. Traffic – measured in revenue passenger kilometers (RPK) – stood at 2.89 billion, down 11% from 3.2 billion recorded a year ago. […]

Cardinal Health, Inc. CAH continues to follow an acquisition-driven strategy in order to gain market traction and boost profits. The company’s naviHealth subsidiary has reportedly completed the acquisition of RightCare Solutions […]

Growing through strategic acquisitions has been one of the key strategies of Synopsys Inc. SNPS . Keeping with this, the company recently announced the buyout of Goanna Software. […]

Nielsen Holdings N.V. NLSN recently promoted Steve Hasker to the position of Global President and Chief Operating Officer (COO), effective Jan 1, 2016. Hasker joined Nielsen in 2009 and is currently responsible for the company’s U.S […]

In the technology sector, 2015 will be remembered for the historic split-off of the iconic Hewlett-Packard Company. After about a year of consideration, the tech giant successfully split itself into two standalone companies — HP Inc. HPQ and Hewlett-Packard Enterprise HPE — effective Nov 1, 2015 […]

WESCO International Inc. ’s WCC price target was recently lowered by more than 10% to $50 from $56 by Credit Suisse. […]

The Walt Disney Company ’s DIS Star Wars franchise returned to the theaters after a decade with Star Wars: The Force Awakens and what a comeback it was! The movie shattered the box office record with a massive collection of $517 million worldwide in the opening weekend. Disney shareholders are naturally enthusiastic about the bright prospects that this release holds. […]

Copa Airlines, a business arm of Copa Holdings SA CPA , posted an increase in air traffic for the month of November, this year. Traffic – measured in revenue passenger miles (RPMs) – came in at 1.3 billion, up 2.6% from 1.27 billion recorded in Nov 2014. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) inched up 2.6% to 1.77 billion while the load factor or percentage of seats filled by passengers was 74% in Nov 2015, flat year over year. […]

Luminex Corporation LMNX recently announced the receipt of FDA clearance for its NxTAG Respiratory Pathogen Panel (RPP). Notably, this October, the company had gained CE-IVD mark for the multiplexing assay. […]

Aluminum giant Alcoa AA has sealed another major aerospace deal. The New York-based company has landed two multi-year supply contracts with Boeing BA worth more than $2.5 billion. Under one contract, Alcoa will supply multi-material fastening systems for every Boeing platform including 777X (Boeing’s newest commercial airplane) and 787 Dreamliner. […]

On Dec 18, we issued an updated research report on metal processor Reliance Steel & Aluminum Co. RS . […]

United States Steel Corp. X has declared a tentative three-year collective bargaining agreement with United Steelworkers (“USW”) involving around 18,000 USW-represented employees. […]