Month: June 2016

Williams-Sonoma, Inc. WSM , a home furnishings retailer, announced the opening of its first West Elm store in downtown Boise, ID. […]

Dycom Industries Inc. DY inked a definitive agreement to buy certain telecom-related assets of Goodman Networks Incorporated for about $107.5 million in cash. […]

SouFun Holdings Ltd. SFUN reported operating net loss of 24 cents per share in the first quarter of 2016, wider than the Zacks Consensus Estimate of a loss of 7 cents. The company had earned 2 cents per share in the year-ago quarter. […]

On Jun 2, 2016, we issued an updated research report on Silgan Holdings Inc. SLGN . […]

Though it hasn’t been a very eventful week for telecom companies, a few developments were worth noting. Verizon Communications Inc. VZ has entered into a tentative deal with two workers’ unions whose members went to strike from Apr 13, 2016. […]

Starbucks Corporation SBUX recently announced plans to bring Teavana ready-to-drink (RTD) tea in the U.S. in partnership with Anheuser-Busch InBev SA/NV BUD in the first half of 2017. […]

The Dow declined over a relatively subdued holiday shortened week. Initially investors remained watchful ahead of the release of crucial economic data. […]

Facebook Inc FB board of directors is seemingly uncomfortable with founder and CEO Mark Zuckerberg calling the shots. As per a SEC filing, the board is contemplating to dilute Zuckerberg’s majority voting control in case (if ever) he decides to quit his position so that the next CEO does not remain in his shadow. Currently, even if Zuckerberg ceases to be Facebook’s chief he will still carry maximum voting rights. […]

Fiserv, Inc. FISV reached a new 52-week high of $106.65 in yesterday’s trading session. […]

Leading semiconductor manufacturer Broadcom Limited AVGO recorded solid second-quarter fiscal 2016 (ended May 1, 2016) results with healthy year-over-year improvements in revenues. GAAP loss in second-quarter fiscal 2016 was ($1,186) million or ($3.02) per share as against earnings of $344 million or $1.21 per share in the year-earlier quarter. Non-GAAP earnings from continuing operations for the reported quarter were $1,120 million or $2.53 per share, which comfortably exceeded the Zacks Consensus Estimate of $2.28. […]

On Jun 3, we issued an updated research report on Torchmark Corporation TMK . In the first quarter of 2016, the insurer’s operating earnings beat the Zacks Consensus Estimate driven by higher premiums from both life and health insurance segments. The company’s underwriting income improved as well. […]

On June 3, 2016, we issued an updated research report on premium basic materials company, BHP Billiton Limited BHP . The company is one of the largest diversified resource firms in the world, with operations in several continents. It is involved in mineral exploration, production & processing, oil and gas exploration & development, as well as steel production […]

Starwood Hotels & Resorts Worldwide, Inc. HOT announced the opening of Sheraton Okinawa Sunmarina Resort, located on Sunmarina Beach on the Okinawa main island. Okinawa is the largest island among the Okinawa and Ryukyu Islands of Japan […]

AstraZeneca plc AZN announced that it has entered into a licensing agreement with Grünenthal GmbH under which the latter will gain exclusive rights to the gout drug Zurampic (lesinurad) of the former in the EU, Switzerland, Iceland, Norway and Lichtenstein, and in all Latin-American countries including Mexico, the Dominican Republic and Cuba. Grünenthal will also gain exclusive rights to the fixed-dose combination of Zurampic and allopurinol in these markets. […]