Year: 2015

One of the world’s largest solar photovoltaic (“PV”) module manufacturers, Trina Solar Limited TSL , received a non-binding buyout offer from a group comprising its CEO Jifan Gao and a private equity firm, Shanghai Xingsheng Equity Investment & Management Co., Ltd. The group, also including the subsidiary of Industrial Bank Co., Ltd, has placed an offer of 23 cents per ordinary share or $11.06 per American Depository Share (ADS) of Trina Solar to buy out all the shares not already owned by them. […]

BP plc BP announced on behalf of its Schiehallion co-venturers Royal Dutch Shell plc RDS.A and OMV that the new floating production storage and offload (FPSO) vessel, Glen Lyon, has commenced sea trials. The vessel has set out toward the west of Shetland, where it will function as the hub for the 450 million barrel Quad204 development in the North Sea. The 270 meters long and 52 meters wide FPSO vessel is a crucial component of the multi-billion pound Quad204 project […]

Alphabet Inc. GOOGL -owned Google rolled out an updated version of its Maps app for the iPhone and iPad, which can be downloaded from App Store. This is in line with its efforts to make life easier for its users. […]

What could be more perfect for the Federal Reserve than to finish this year with the entire spotlight on it? The 2-day long FOMC meeting, the last one in 2015, which is scheduled to wrap up on Wednesday, is widely expected to come up with a rate hike announcement, the first one since 2006. Fed Chairwoman Janet Yellen has almost pre-committed to the hike by suggesting that the two requirements – improvement in labor market and an increase in inflation – for the rate hike have already been achieved […]

Shares of home furnishing retailer, Lumber Liquidators Holdings, Inc. LL skyrocketed nearly 21% in after-hours trading following the news that hedge-fund manager Whitney Tilson has covered his short position in the company, as per media reports. […]

As commodity prices continued to tumble last week, the benchmarks ended lower, with the S&P 500 posting its biggest weekly decline since August. Relentless decline in oil prices weighed on the broader markets. U.S. […]

Ingram Micro Inc. IM recently inked a distribution deal with FireEye Inc. FEYE to market, sell and support the latter’s security products across the United States and Canada […]

In keeping with its commitment to provide clean and renewable electricity, Corning Incorporated GLW entered into a 25-year Power Purchase Agreement with Duke Energy Renewables, a unit of Duke Energy, which develops wind and solar projects. The Solar Project will be constructed by Duke Energy Renewables in Conetoe, N.C. Duke Energy stated that it will be the largest solar farm to be completed east of the Mississippi River […]

Nielsen Holdings N.V. NLSN recently approved a share repurchase authorization of $500 million. The company expects to complete the share repurchase program by the end of 2017 […]

Making a strong push toward enhancing its analytics capabilities, world’s leading CRM platform provider, salesforce.com, Inc. CRM , recently acquired a small start-up called MinHash for an undisclosed amount. […]

St. Jude Medical Inc. STJ is expected to gain faster FDA approval for its Axium Neurostimulator System, on the back of impressive long-term data from the ACCURATE study […]

Shares of WestRock Company WRK touched a new 52-week low of $43.90 on Dec 14, before closing trade higher at $44.15. Year-to-date, shares of the company have lost 19.6% of their value. […]

On Dec 14, shares of Kansas City Southern KSU plunged to a 52-week low of $73.25 and eventually closed a little higher at $74.08. Adverse foreign currency movements characterized by the strengthening of the U.S. dollar, lower fuel surcharges received from customers due to declining fuel costs and slow carload growth at the energy sector continue to hurt the stock, leading to a negative year-to-date return of over 39%. […]

Investors want their portfolio to have stocks with a track record of earnings beat, surging share price and a favorable recommendation. Costco Wholesale Corporation COST used to be one such stock. […]

U.S. oil giant ExxonMobil Corporation XOM will now witness increased yield at the Banyu Urip field in Indonesia as its onshore central processing facility has successfully come online. The commissioning of the central processing facility will augment production to over 130,000 barrels of oil per day in the coming months […]

Aerospace giant Boeing Co. BA boosted its quarterly dividend by 20% and raised its stock-repurchase plan to $14 billion to let investors share certain benefits of soaring airliner deliveries. Shares of Boeing gained more than 1% after the announcement on Dec 14 and 10.02% so far this year. […]