Year: 2015

Schlumberger Ltd. SLB has inked a joint venture (JV) agreement with BAUER Maschinen GmbH, an affiliated company of BAUER AG, to manufacture land drilling rigs and related products. In the JV, Schlumberger and BAUER have an ownership of 49% and 51%, respectively […]

SIRIUS XM Holdings Inc. SIRI recently signed a 12-year licensing deal with popular TV personality Howard Stern’s production firm. As per the contract, Stern will continue to entertain SIRIUS XM viewers by producing as well as hosting The Howard Stern Show on for the next five years. […]

Evotec AG EVTCY announced that it has extended its existing collaboration agreement with Spero Therapeutics for the development of new and ground-breaking therapeutics for Gram-negative bacteria. The collaboration aims at discovering and developing Gram-negative bacteria for the treatment of patients with serious infections and to address the growing threat to global public health resulting from antibiotic resistance. As per the terms of the agreement, Evotec will provide early-stage research support to Spero's Potentiator programme, which is focused on increasing the potency of existing drugs against multi-drug resistant Gram-negative bacteria […]

In a bid to expand its consulting services capabilities, Accenture plc ACN recently acquired Beacon Consulting Group. The financial terms of the deal, announced yesterday, remain under wraps. Headquartered in Boston, MA, Beacon mainly focuses on advising global financial and investment firms. […]

WESCO International Inc. WCC recently reaffirmed the 2015 earnings per share (EPS) and sales outlook and issued the guidance for 2016. WESCO international’s shares went up $1.68 or 4.08% to $42.90 following the developments. […]

General Mills, Inc. GIS recently announced that it has reduced sodium by 20% or more in 7 out of 10 key U.S. product categories, almost meeting the goals set five year back. […]

WaferGen Bio-systems, Inc. WGBS recently announced a strategic alliance with public medical research center – the Luxembourg Institute of Health (LIH). Under the terms of the deal, LIH will offer laboratory services for the former’s ICELL8 Single-Cell System. […]

We expect Carnival Corporation CCL to beat expectations when it reports fourth-quarter fiscal 2015 results on Dec 18, before the opening bell. Last quarter, the company posted a positive earnings surprise of 7.36%, aided mainly by better-than-expected revenues and higher-than-expected revenue yields, bringing the trailing four-quarter average to a positive 56.99%. Let us see what is in store for the company this quarter […]

PPG Industries Inc. PPG said that it has started using chloride-grade titanium dioxide (TiO2) made in commercial quantities by Henan Billions Chemicals Co., Ltd., including PPG’s licensed chloride-based technology. […]

Toyota Motor Corporation TM disclosed its production and sales plans for 2016. The Japanese automaker expects global sales to be around 10,114,000 units in 2016, almost in line with the projection of 10,098,000 units for 2015. […]

The decade-long wait to watch a Star Wars movie in theaters is finally over as The Walt Disney Company ’s DIS Star Wars: The Force Awakens will hit the theaters in a couple of days. High expectation from this movie is driving the company’s shares even higher. Disney’s shares have gained nearly 4% in the previous two trading sessions […]

DeVry Education Group, Inc.’s DV announced that its subsidiary, DeVry Brasil has acquired 96.4% of the Brazilian education company, Grupo Ibmec Educacional S.A. (Ibmec) for 699 million Brazilian Real. […]

Today’s FOMC policy statement is a lot likely to announce the beginning of the Fed’s tightening cycle. Fed Chair Janet Yellen and other top officials from the central bank have repeatedly indicated that the time is right to raise rates. Employment targets have more or less been achieved […]

Calgon Carbon Corporation CCC declared that it is content with the ruling by the U.S. Court of Appeals for the District of Columbia Circuit to carry on with the Mercury and Air Toxics Standards (“MATS”) rule, and remand related proceedings to the Environmental Protection Agency (“EPA”). In this regard, the U.S. […]

Ford Motor Co. ’s F new GT supercar will soon become the first production vehicle to feature Corning Inc.’s GLW Gorilla Glass hybrid windshield. A Gorilla Glass hybrid window will also be used on the rear engine cover of the vehicle. […]

On Dec 16, 2015, Zacks Investment Research downgraded New York-based Avon Products Inc. AVP , to a Zacks Rank #5 (Strong Sell). […]

Shares of Granite Construction Incorporated GVA scaled a new 52-week high of $42.20 on Dec 15, and eventually closed a notch lower at $41.98. The stock price appreciation came on the back of benefits from sound backlog and award wins. The company has delivered a one-year return of about 9.28%. […]