Amid increasing regulatory restrictions on banks, revaluating certain underwriting insurance policies, the U.S. banking and financial services firm – Wells Fargo & Company WFC vended its crop insurance business. Rural Community Insurance Services (RCIS) and its subsidiary Rural Community Insurance Company (RCIC) has been sold to Zurich American Insurance Company (ZAIC), a subsidiary of Zurich Insurance Group […]
Citigroup Inc. C will be axing around 2,000 jobs next month, mainly middle or back-office positions globally, per a Bloomberg report. Notably, the recent layoffs are part of Chief Executive Officer Michael Corbat’s restructuring activities […]
Wal-Mart Stores, Inc. WMT has appointed Tony Rogers as its new marketing head of the U.S. as the retailer struggles to pull itself out of a sales slump in the region and attract new customers. […]
Tenet Healthcare Corporation THC recently signed a new four-year services agreement with one of the leading health insurers, Aetna Inc. AET . […]
The Bank of New York Mellon Corporation ’s BK efforts to rid itself of the case related to its role overseeing mortgage-backed securities (“MBS”) of Countrywide Financial Corp. suffered a setback after the U.S. District Judge William Pauley in Manhattan rejected the bank’s bid to dismiss the lawsuit on Friday. […]
As part of its restructuring efforts to reduce costs, Credit Suisse Group AG CS is planning to relocate around 40 traders and 60 back-office staff from London to Dublin, which the company is eyeing to make its key center for servicing hedge funds in Europe. The news was first reported by Bloomberg. The move comes after Credit Suisse received regulatory approval to set up a branch in Ireland. […]
Monday, December 21, 2015 Stocks are on track to start today’s session in positive territory despite further weakness in oil prices. But the gains at the open may not have much staying power in the current backdrop of heightened volatility, particularly for this holiday-shortened week. […]
Stocks are on track to start today’s session in positive territory despite further weakness in oil prices. But the gains at the open may not have much staying power in the current backdrop of heightened volatility, particularly for this holiday-shortened week. […]
Nomura Agrees to Purchase a 41 Percent Stake in American Century Investments PR Newswire NEW YORK, Dec. 21, 2015 NEW YORK , Dec. 21, 2015 /PRNewswire/ — Nomura, Asia’s global investment bank, announces that it has entered into a definitive agreement with American Century Investments (“American Century”) and CIBC to acquire a non-controlling 41 percent economic interest in American Century […]
EZchip Files Updated Proxy Materials and Mails Letter to Shareholders EZchip Board Unanimously Recommends Shareholders Vote FOR the Proposed Transaction with Mellanox Technologies, Ltd. PR Newswire YOKNEAM, Israel, December 21, 2015 YOKNEAM, Israel , December 21, 2015 /PRNewswire/ — EZchip Semiconductor Ltd. (“EZchip” or the “Company”) (NASDAQ: EZCH), a leader in high-performance processing solutions for carrier and data center networks, announced today that it has filed updated proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its upcoming Extraordinary General Meeting of shareholders to be held on January 19, 2016 […]
Frontline Ltd. FRO , a seaborne transporter of crude oil, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. […]
Sequenom Inc. SQNM was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. […]
FEI Company FEIC saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as FEIC is now trading below the volatile price range of $77.24 to $81.32 in the past one-month time frame […]
Many investors like to look for value in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for value investors in the near term. […]
One stock that might be an intriguing choice for investors right now is Smith & Wesson Holding Corporation SWHC . This is because this security in the Leisure & Recreational Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board […]
Arbor Realty Trust Inc. ABR was a big mover last session, as the company saw its shares rise above 6% on the day. […]
Magellan Health, Inc. MGLN , a healthcare management firm, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well […]
Conns Inc. CONN saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. […]
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: 2U Inc ( TWOU ) AIXTRON SE ( AIXG ) Arbor Realty Trust Inc ( ABR ) Avianca Holdings SA ( AVH ) Beneficial Bancorp Inc ( BNCL ) View the entire Zacks Rank #1 List . Want the latest recommendations from Zacks Investment Research? […]
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: AES Corp ( AES ) American Residential Properties Inc ( ARPI ) Analogic Corporation ( ALOG ) Bunge Ltd ( BG ) Capstead Mortgage Corporation ( CMO ) View the entire Zacks Rank #5 List . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. […]
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