Month: June 2016

Sony Corporation ’s SNE update on its mid-term business plan yesterday was essentially a mixed bag of factors, with bullish indicators on games and Virtual reality coupled with a muted outlook on the sensor and smartphone business. The report emphasizes that with Chief Executive Kazuo Hirai at the helm, the electronics and entertainment conglomerate is staying strong on its recovery track. It is still working on new technologies such as artificial intelligence and virtual reality, and is also contemplating re-entering the robots space, a decade after discarding it. […]

Dow Chemical’ s DOW fully-owned subsidiary – Dow AgroSciences – has joined forces with the University of Warwick, UK, to discover unique traits of the important class of synthetic auxin herbicides. The collaboration recently shared their findings at the International Weed Science Congress in Prague and the International Conference on Plant Growth Substances in Toronto. The research featured receptor-binding uniqueness of Dow AgroSciences’ new arylpicolinate herbicides, including Arylex active and Rinskor active, compared with other commercial auxin herbicides […]

Brexit fallout is more of a political crisis, rather than a fundamental drawback in the overall financial system that led to the 2008-09 disaster. However, referendum by the Britons to part with the European Union has had serious financial repercussions. […]

After making the most of market panic post Brexit, gold seems to be losing its tempo once again. Gold prices fell on Tuesday, declining for the first time in three sessions, as stock markets steadied following a marked improvement in investor sentiment. Gold for August delivery on the Comex division of the New York Mercantile Exchange dipped 0.66% to trade at $1,316.00 a troy ounce […]

Alphabet Inc. GOOGL owned Google’s investment arm Google Capital has decided to put faith and cash in to Care.com, Inc. […]

Known in the gaming arena for its Radeon RX 480 graphics card, Advanced Micro Devices, Inc. AMD is making some smart moves by investing more in the software segment in a bid to enhance the user experience on its hardware. […]

Shares of McKesson Corporation MCK were up 3.83% after the company announced an increase in its guidance for fiscal 2017. The company now expects earnings per share in the range of $13.43–13.93, up from the previous expectation of $13.30–$13.80. The new guidance excludes charges of approximately 12 cents to 15 cents relating to the cost alignment plan undertaken by management earlier this year. […]

Fast casual restaurant chain operator Noodles & Company NDLS has warned customers of a potential breach of its payment data systems. As per the company, the recent data security incident is likely to impact customers who had used payment cards at certain Noodles & Company locations between Jan 31, 2016 to Jun 2, 2016. However, the company has assured that credit and debit cards used at the affected units are no longer in danger from the malware involved in this incident. […]

Shares of Tesaro, Inc . TSRO surged 108% after the company announced that its phase III trial, NOVA, on oncology drug niraparib successfully achieved the primary endpoint of progression-free survival (PFS). […]

The U.S. Energy Department's weekly inventory release showed that crude stockpiles recorded a large drop, while supplies at the Cushing, OK storage hub also decreased. The report further revealed that distillate inventories fell from its previous week level. […]

We have issued an updated research report on Badger Meter Inc. BMI on Jun 29, 2016. The manufacturer of liquid flow measurement products and control technologies is expected to benefit from expansion of its sales channels. […]

The general consensus of a prolonged period of market volatility post-Brexit seems to have been exaggerated, as the markets have once again sprung into life. The Brexit vote on Jun 24 sent shock waves through the global financial markets, confirming the worst fears of market watchers and industry experts. Several economists still believe that lower business expenditure as a result of the Brexit referendum could weigh on GDP growth in the near-to-mid-term. […]

The Valspar Corporation VAL said that its shareholders have voted in favor of the company's proposed acquisition by The Sherwin-Williams Co. SHW at the former’s Special Meeting of Shareholders. The transaction is expected to conclude by the end of the first quarter of calendar year 2017 […]

Facebook, Inc. FB just won a big lawsuit against Belgium’s data protection authority. […]

On Wednesday, BancorpSouth, Inc. BXS agreed to settle the lawsuit for $10.6 million under which the bank was being sued for encouraging discriminatory mortgage lending practices. […]

On Jun 30, 2016, we issued an updated research report on Pittsburgh, PA-based GNC Holdings, Inc. GNC , a leading global specialty retailer of products for health and wellness, including vitamins, minerals and herbal supplement, sports nutrition and diet. The company currently carries a Zacks Rank #3 (Hold). […]

The vote, last week, by Britons in favor of exiting the European Union (Brexit) shocked markets globally, taking indexes into a tail spin. The airline industry hasn’t been spared the onslaught, with stocks plummeting on fears of slackening travel demand. According to the International Air Transport Association (IATA), with Brexit materializing, U.K.’s air passenger market is expected to shrink in the band of 3% to 5% by 2020. […]

The maker of farm equipment, machinery and replacement parts, AGCO Corporation AGCO has entered into an agreement to acquire Cimbria Holdings Ltd. from Silverfleet Capital for approximately $340 million.The buyout will assist AGCO to expand its grain storage and seed handling business. […]

Amazon AMZN is making a comeback into the smartphone market. It’s a small move (or experiment) at this stage, more like testing the waters with a new strategy. So there are just two devices on offer that it’s not making itself […]