Canadian Solar Inc. CSIQ announced that it has completed the sale of the 10-megawatt (“MW’) ac Illumination LP solar power plant, located in Ontario, Canada, for $48.4 million to an affiliate of DIF Infrastructure III (“DIF”). The solar plant comprises around 47,448 Canadian Solar MaxPower ‘CS6X-300/310P’ photovoltaic (“PV”) modules […]
Clovis Oncology, Inc. CLVS announced that the review period for rociletinib has been extended by three months by the FDA. A final decision from the regulatory authority is now expected on Jun 28, 2016. […]
InnVest Real Estate Investment Trust Announces Agreement to Acquire the Ottawa Marriott Hotel Canada NewsWire TORONTO, Dec. 16, 2015 TORONTO , Dec. 16, 2015 /CNW/ – InnVest Real Estate Investment Trust (“InnVest” or the “REIT”) (TSX:INN.UN) announced today it has entered into a definitive agreement, with a private seller, to acquire a 100% interest in the Ottawa Marriott Hotel located in downtown Ottawa, Ontario […]
First Bank Insurance Services And Bankingport Announce Signing Of Definitive Merger Agreement PR Newswire SOUTHERN PINES, N.C. & SANFORD, N.C., Dec. 16, 2015 SOUTHERN PINES, N.C […]
Gastar Exploration Announces Closing of Mid-Continent Acquisition and Results from Initial Meramec Well in Oklahoma PR Newswire HOUSTON, Dec. 16, 2015 HOUSTON , Dec. 16, 2015 /PRNewswire/ — Gastar Exploration Inc. […]
The Federal Reserve has raised its benchmark interest rate to 0.25-0.50%, the first since Dec 2008. The Fed had cut the rate at a time when the economy had slipped into recession, and a hike now indicates that the economy is largely healed to shoulder the same. […]
Briggs & Stratton Corporation BGG has been losing momentum following its disappointing first-quarter fiscal 2016 results, reported on Oct 29, 2014. The company hit a 52-week low of $16.63 on Dec 15. […]
Cisco Systems, Inc. CSCO is the largest player in the networking space, an industry which is currently among the top 3% of our 260-plus industries. This Zacks Industry Rank reflects improving earnings prospects and investors’ trust […]
On Dec 16, 2015, we issued an updated research report on Brown & Brown Inc . BRO . Brown & Brown remains well positioned to generate improved revenues on the back of its strategic mergers and acquisitions, and organic measures […]
Kohl’s Corp. KSS recently announced that it would keep its stores open for more than 170 hours straight from 7 a.m. […]
Desperate times call for desperate measures. Valeant Pharmaceuticals International VRX announced that it has entered into an agreement with Walgreens Boot Alliance, Inc. […]
On Dec 16, 2015, we issued an updated research report on American Express Company AXP . As a premier brand in financial services with a unique business model, American Express benefits from strong spending growth among its affluent card members. The company’s revenue generation from international business is expected to accelerate as its cards are accepted at more locations, and when spending in international markets outpaces growth in domestic card spending […]
Air Products and Chemicals, Inc. ’s APD Materials Technologies unit has declared an increase in the prices for process materials and advanced materials supplied by its Electronics business. The increase will be effective immediately or as contracts permit […]
Homebuilders’ sentiment index slipped a point this December, after declining three points in November, as tight labor resources slowed down the pace of housing recovery. Homebuilders’ confidence for new single-family homes, as indicated by the National Association of Home Builders (NAHB)/Wells Fargo housing market index (HMI), dropped a point to 61 in December per data released on Tuesday. The recent housing data has been rather soft suggesting some weakening in the pace of recovery. […]
Boston Properties Inc. BXP , the Massachusetts-based real estate investment trust (“REIT”), announced the defeasance of mortgage loan collateralized by 100 & 200 Clarendon Street in Boston, MA. Previously, the REIT had revealed its plans to seek repayment or refinancing options for its 2016 and 2017 debt maturities, carrying interest rate higher than the market rate, in order to save future interests. […]
Recently, Heartland Payment Systems, Inc. HPY inked an agreement with Global Payments Inc. […]
The past week saw an array of updates in the airline space, the most eye-catching among them being the International Air Transport Association’s (IATA) bullish profitability forecast for the airline industry. The trade association raised its 2015 profitability outlook for the industry to $33 billion (net profit margin of 4.6%) from the earlier projected $29.3 billion. The 2016 view is also encouraging with profitability expected to touch $36.3 billion with a net profit margin of 5.1% […]
AECOM ACM has been recently selected by South Africa-based public electricity firm Eskom to act as a technical and quality support services specialist for construction of Eskom’s Majuba Railway Line. Inside the Headlines AECOM, under a 17-month contract with Eskom, will provide specialists for areas like structural engineering, International Federation of Consulting Engineers (commonly known as FIDIC contract, environment, OHTE, rail design, rail welding, high voltage electrical and railway signaling. Four specialists have already been deployed for the project and the remaining will follow soon […]
Magellan Health, Inc . MGLN expects to deliver operating net earnings between $3.06 and $3.83 per share in 2016. The Zacks Consensus Estimate for the same is currently pegged lower at $1.38 […]
On Dec 15, 2015, we issued an updated research report on The PNC Financial Services Group, Inc. PNC . […]
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