Month: June 2016

PPG Industries Inc. PPG has been awarded a partnership with Lawrence Livermore National Laboratory (“LLNL”) on a project for improving fiber glass production, by the U.S. Department of Energy (“DOE”). […]

Wall Street giants, Citigroup Inc. C and Bank of America Corporation BAC are keeping alive the twinkle of optimism sparked by JPMorgan Chase & Co.’s JPM upbeat views on trading revenues. On Thursday, at an investor conference in New York, Michael Corbat, Chief Executive Officer (CEO) of Citigroup said that trading and investment-banking revenue for second-quarter 2016 is likely to be “up slightly” compared with first-quarter 2016. […]

Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported first-quarter 2016 earnings of $39.1 billion, down 1.9% year over year. Notably, community banks, constituting 93% of all FDIC-insured institutions, reported net income of $5.2 billion, up 7.4% year over year. […]

Consumer products giant Unilever Plc UL recently reached an agreement with beverage giant Coca-Cola Co. KO and its largest Latin American bottler Coca-Cola Femsa SAB KOF to sell its AdeS soy-based beverage business for about $575 million, per media sources. AdeS sells beverages that are a mix of fruit juice and soy […]

KFC, a segment of Yum! Brands, Inc . YUM recently announced the adoption of mobile pay at its U.S. restaurants […]

Major hoteliers are expanding their contemporary brands in the Miami market to ramp up profits. In keeping with this trend, W Hotels Worldwide, a unit of Starwood Hotels & Resorts Worldwide Inc. HOT opened its contemporary, design-led luxury lifestyle brand, W Hotels, in Miami. […]

On Jun 2, we issued an updated research report on leading international wireless tower operator American Tower Corporation AMT . The company reported strong financial numbers in the first quarter of 2016, with both the top and bottom line beating the Zacks Consensus Estimate. Growth Scope Notably, in order to support the rising demand for LTE, American Tower plans to construct nearly 2,500 sites globally in 2016. […]

Marriott International, Inc. MAR recently announced the opening of AC Hotel Guadalajara Mexico and AC Hotel Queretaro Antea. While AC Hotel Guadalajara comprises 188 rooms, AC hotel Queretaro Antea consists of 175 rooms […]

Stocks in the airline space have hit a purple patch in spite of a few adverse factors. The decline in oil prices since mid-2014 has been a major boon for the stocks in this space. Meanwhile, the release of the profit forecast for 2016 by the International Air Transport Association (IATA) unveils a bright picture, again, thanks to cheap oil […]

The Wendy's Company ’s WEN Japanese franchisee – Wendy's Japan, a wholly owned subsidiary of Higa Industries Co., Ltd. – announced that it has the inked a definitive agreement with Suntory Holdings Ltd. Per the deal, Wendy's Japan will acquire 136 restaurants owned by First Kitchen Ltd […]

Kite Pharma, Inc. KITE announced that its immuno-oncology candidate, KTE-C19, has been granted access to the Priority Medicines (PRIME) regulatory initiative in Europe by the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) and Committee for Advanced Therapies (CAT) for the treatment of patients with refractory diffuse large B-cell lymphoma (DLBCL). We note that PRIME is a new initiative undertaken by the EMA to provide better scientific guidance and support accelerated review of investigational therapies that address a high unmet medical need […]

Fred’s Inc. FRED made a soft start to the second quarter of fiscal 2016 with comps demonstrating a year-over-year decrease in May 2016. Fred’s also reported decline in sales figures for the four-week period ended on May 28 During the period, Fred’s comps declined 0.4% compared to an increase of 0.3% recorded a year ago. […]

DuPont’ s DD unit DuPont Pioneer and Arcadia Biosciences, Inc. announced that they have successfully completed a field-trial validation of safflower plants that produce high levels of arachidonic acid (ARA) oil, which is a high-value, specialty nutritional oil, for global consumer markets. Achievement of this major milestone reflects a significant step taken jointly by the companies to develop a new plant-based and cost-effective source of oil with high levels of ARA. […]

Willis Towers Watson Public Limited Co. WLTW recently obtained official permission from the Swiss Financial Market Supervisory Authority to provide insurance management services in Switzerland. The permission will further enhance Willis Towers’ already robust and established global captive management platform […]

U.S. energy giants Exxon Mobil Corp. XOM and Chevron Corp. […]