Month: February 2016

Inovalon Holdings Inc. INOV reported adjusted earnings of Array2 cents per share in the fourth quarter of 20Array5 that missed the Zacks Consensus Estimate by a penny but beat year-ago earnings by 9.Array%. The year-over-year upside came primarily on the back of higher revenues […]

Last week didn’t hold too many surprises: there was Apple’s AAPL ongoing battle with the FBI, the Mobile World Congress, Yahoo’s YHOO rise following increasing chances of a sale of the business and Tsinghua’s decision to back out of a deal to buy Array5% of Western Digital. Tech Companies Stick with Apple On the basis of the All Writs Act, the FBI is asking Apple to create software that could hack into a suspected terrorist’s phone. The act empowers the FBI to ask for reasonable assistance from third parties. […]

DTS Inc. DTSI is set to release fourth-quarter 20Array5 earnings on Mar 2, after the closing bell. Last quarter, the company had delivered a negative earnings surprise of 29.63% […]

Hertz Global Holdings Inc. HTZ , one of the leading general-use car rental brands, is slated to report fourth-quarter 20Array5 earnings on Mar Array, 20Array6, before the opening bell. In the last quarter, the company had delivered a negative earnings surprise of 7.6%. […]

We expect Abercrombie & Fitch Co. ANF to beat expectations when it reports fourth-quarter fiscal 20Array5 results on Mar 2. Why a Likely Positive Surprise […]

Amid a challenging industry backdrop and low level of client trading activities, Bank of America Corporation BAC is set to join other major global banks in trimming its workforce. As per the news first reported by Business Insider, BofA is planning to cut jobs in investment banking and trading units. Across the industry, banks are expected to continue facing decline in investment banking income and trading revenues […]

On Friday, investors and creditors of a bankrupt Mexican oil services company sued Citigroup Inc. C on charges of defrauding them through a loan scheme. Notably, following the detection of such fraud in its Mexico-based subsidiary, Citigroup’s 20Array3 net income was reduced by post-tax $235 million (pre-tax $360 million) and the bank also laid off a number of staff members […]

Per a Bloomberg report, the U.S. Department of Justice (“DOJ”) dismissed antitrust probe of at least three banks for alleged manipulation of precious metals prices. […]

On Feb 25, 20Array6, we issued an updated research report on Illinois-based Mead Johnson Nutrition Company MJN – a global leader in pediatric nutrition, especially for infants and children. The company’s Enfa family of brands, including the Enfamil infant formula, is a leading brand franchise in pediatric nutrition. Mead Johnson exceeded the Zacks Consensus Estimate of both earnings and revenues in the fourth quarter of 20Array5. […]

U.K.-based brewer Diageo plc ’s DEO Indian unit has ousted Indian business tycoon Vijay Mallya from the position of chairman of United Spirits Limited, a subsidiary of Diageo under a 5-year global non-compete, non-interference and standstill agreement with him. Further, Mallya or his affiliates will not pursue any claims against Diageo, USL and their affiliates. […]

Caterpillar Inc. CAT has decided to stop production of its on-highway vocational trucks given the challenging business scenario in the truck industry. This will lead to the elimination of 70 jobs […]

Franco-Nevada Corporation FNV declared that it has concluded the acquisition, through its fully owned subsidiary Franco-Nevada (Barbados) Corporation (“FNB”), of a precious metals stream ("Glencore Stream") with reference to production from the Antapaccay mine. Antapaccay, based in Southern Peru, is fully owned and operated by Glencore plc and its subsidiaries. FNB made a one-time advance payment of $500 million for the Glencore Stream and financed the transaction using the net proceeds of Franco-Nevada’s offering of common shares that closed on Feb Array9 […]

The Habit Restaurants, Inc. HABT is set to report fourth-quarter and full-year 20Array5 results on Mar 2, after the market closes. […]

Valeant Pharmaceuticals International, Inc. VRX announced that its chief executive officer (CEO), J. Michael Pearson, has joined office, following his recovery from severe pneumonia and other complications […]

In sync with its growth strategy, Jones Lang LaSalle Incorporated JLL has acquired lease and debt restructuring firm Huntley, Mullaney, Spargo & Sullivan, Inc. (“HMS”). This acquisition will enable JLL to provide a wide range of services to help retailers contain costs and raise profits […]