Month: March 2016

Most of the stocks ended 2015 on a dismal note due to several global concerns such as decline in oil prices, slowdown in the Chinese economy and the strengthening U.S. dollar. The scenario has not changed much this year too […]

Upstream energy player EXCO Resources Inc. XCO has taken a huge step to reduce its projected 2016 capital spending significantly from the prior-year level. […]

The second half of 2015 was a bit challenging, but the year has seen a decent overall performance by the Finance sector. While the near-term earnings projection remains dismal, the sector is not expected to disappoint investors in the quarters ahead. This is because, the sector’s performance majorly dependents on the nation’s economic health which shows continued improvement […]

Comstock Resources Inc. CRK announced that it got a notice from the NYSE for non compliance with the stock exchange’s standard of continued listing. […]

In a first (and definitely more to come), Facebook Inc ’s FB Messenger app has partnered with Dutch airlines KLM to provide passengers with all flight related updates as well as check in reminders and get access to boarding passes and avail customer service without ever leaving the app. For Messenger, adding the Airlines feature was just a matter of time. Head of Messenger, David Marcus had earlier pointed out that 80% of the U.S flight travelers used Messenger. […]

According to a report published by Reuters, Petroleo Brasileiro SA PBR.A , one of the largest integrated energy firms in Latin America, is formulating a reorganization plan to save $500 million a year. The restructuring will involve merger of several business units, job retrenchments and streamlining of activities. Both oil and natural gas prices have been weak for a considerable length of time, primarily owing to a supply glut in the face of lackluster global demand. […]

Arthur J. Gallagher & Co. AJG has acquired Joseph Distel & Co, Inc. […]

On Mar 30, 2016, we issued an updated research report on Airgas, Inc. ARG . The company is expected to benefit from its continuous focus on process improvements, operating efficiency initiatives, acquisitions and repurchases […]

Boston Properties Inc. BXP is preparing for a huge air-rights development above the Back Bay station, according to a report on the Boston Business Journal. The project would include 1.26 million square feet of mixed-use space […]

U.K. supermajor BP plc BP announced that has entered into a broad framework agreement with state-owned Kuwait Petroleum Corp. (“KPC’’) […]

Italian oil major Eni SpA E has gained access to another block off Ghana, adjacent to its existing Offshore Cape Three Points (“OCTP”) development. Located in the prolific Tano basin, offshore Ghana, the Cape Three Points Block 4, was awarded following the ratification by the Ghanaian Parliament. The award was given to a joint venture headed by Eni Ghana as operator holding 42.5%. […]

Deutsche Bank AG DB will shell out more than $4 million per an agreement with the Financial Industry Regulatory Authority (FINRA), settling claims of improperly reporting data on millions of options trades. The news was reported by Reuters, citing a FINRA document. […]

Are you still holding shares of Lions Gate Entertainment Corp. LGF and waiting for a miracle to take the stock higher in the near term? If yes, then you might lose more money as chances are very slim that the stock, which lost its value by more than 42% in the past six months, will take a U-turn going forward. […]

Aluminum giant, Alcoa Inc. AA announced that Alcoa Australia will divest its stake in DBP, to DUET Group for AU$205 million (about $154 million). Alcoa of Australia owns 20% of DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (“DBNGP”), while the remaining 80% is owned by DUET […]