Month: June 2016

Stock Analysts

Equity Residential Lowers Guidance Amid Market Weakness

June 2, 2016 0

Continued weakness in New York and the recent downturn in the San Francisco portfolio compelled Equity Residential EQR to cut its guidance for 2016 same store revenue and net operating income (NOI). In fact, the residential real estate investment trust (REIT), which blamed new rental apartment supply for hurting rent growth, now expects second-quarter 2016 same store revenue growth of around 4.0–4.2%. Though occupancies and renewal rates in these markets have been in line with the company’s projections, new lease rates are falling short. […]

Stock Analysts

Microsoft Doesn’t Get It: We Don’t Need Windows 10!

June 2, 2016 0

My Internet Service Provider saved me. Because when Win 10 came knocking at my door, my connection slowed down so much that I stopped closing the upgrade window to actually take a look at what was written in it. And that was only after restarting my PC repeatedly didn’t seem to be doing the trick, any more. […]

Stock Analysts

Nektar (NKTR) Inks Deal With Daiichi Sankyo for Onzeald

June 2, 2016 0

Nektar Therapeutics NKTR announced that it has signed an agreement to grant Daiichi Sankyo Europe the exclusive rights to market Onzeald (etirinotecan pegol) in Europe (EEA), Switzerland and Turkey. Onzeald, formerly NKTR-102, is being developed for the treatment of patients with advanced breast cancer who have a history of brain metastases. The company has completed a phase III study – BEACON – in women with locally recurrent or metastatic breast cancer, who were previously treated with anthracycline, taxane and Xeloda (capecitabine) therapies. […]

Stock Analysts

Rite Aid Opens New SC Distribution Center; Growth on Track

June 2, 2016 0

Geared up to support the inventory and fulfillment needs of 1,000 stores in southeastern U.S., Rite Aid Corporation RAD announced the opening of its new distribution center in Spartanburg, SC. The company had announced its plans to build the facility in Jan 2015. This also marks its first distribution center in 16 years.. […]

Stock Analysts

Semtech (SMTC) Beats Q1 Earnings and Revenue Estimates

June 2, 2016 0

Semtech Corporation SMTC reported first-quarter fiscal 2017 earnings of 22 cents per share, which beat the Zacks Consensus Estimate by 20 cents. Adjusted earnings per share exclude one-time items but include stock-based compensation expense. Revenues Semtech’s total revenue was $131.1 million, up 10.6% sequentially and 0.8% year over year. […]

Mergers & Acquisitions

Macquarie Bank Announces Offer To Purchase For Cash Certain Of Its 6.625% Subordinated Medium-Term Notes, Series A, Due 2021

June 2, 2016 0

Macquarie Bank Announces Offer To Purchase For Cash Certain Of Its 6.625% Subordinated Medium-Term Notes, Series A, Due 2021 PR Newswire SYDNEY, June 2, 2016 SYDNEY , June 2, 2016 /PRNewswire/ — Macquarie Bank Limited (the “Bank”), a wholly-owned subsidiary of Macquarie Group Limited (ASX: MQG), announced today that it has commenced a modified “Dutch Auction” cash tender offer to purchase (the “Tender Offer”) up to US$150 million aggregate principal amount (subject to increase, the “Tender Cap”) of its outstanding subordinated debt securities (the “Notes”). The Tender Offer will expire at 11:59 p.m. , New York City time, on June 29, 2016 , unless extended or earlier terminated by the Bank in its sole discretion (such date and time, as the same may be extended, the “Expiration Date”) […]

Momentum Stocks

Bull of the Day: Rose Rock Midstream (RRMS)

June 2, 2016 0

The massive decline in oil prices forced many companies to become more efficient, and cost conscious in order to stay afloat. These cost cutting measures included decreased capital expenditures and improving efficiency. Now, as oil prices have begun to stabilize just below the $50 level, companies that were successful in reigning in costs are starting to see benefits from the cost cutting measures and improved oil prices simultaneously come together […]

Technicals

Joy Global (JOY) Q2 Earnings and Revenues Beat Estimates

June 2, 2016 0

Milwaukee, WI based Joy Global Inc. JOY manufactures surface and underground mining equipment for extraction of coal, copper, iron ore, oil sands, gold and other mineral resources. The company also offers a wide range of value-added after-market services aimed at enhancing reliability and optimizing the work-life of machineries. […]

Mergers & Acquisitions

itelligence AG is Expanding, ITML Strengthens itelligence in the CRM Environment and Increases Its Presence in Southern Germany

June 2, 2016 0

itelligence AG is Expanding, ITML Strengthens itelligence in the CRM Environment and Increases Its Presence in Southern Germany PR Newswire PFORZHEIM, Germany and BIELEFELD, Germany, June 2, 2016 PFORZHEIM, Germany and BIELEFELD, Germany , June 2, 2016 /PRNewswire/ — SAP full-service provider itelligence acquire s 100 percent of the German SAP consulting and SAP Gold Channel Partner ITML GmbH itelligence AG and ITML GmbH, Pforzheim, today announced the acquisition of ITML by itelligence AG . With effect from June 1, 2016 , itelligence will take over 100 percent of the renowned South German SAP consulting company and SAP Gold Channel Partner, ITML GmbH . With the acquisition of ITML, itelligence AG consolidates its position as the world’s most successful SAP consulting house for the SME sector, continues its expansion in Germany and significantly increases its market presence in southern Germany […]

Mergers & Acquisitions

WPT Industrial REIT Announces Further Investment by AIMCo

June 2, 2016 0

WPT Industrial REIT Announces Further Investment by AIMCo Canada NewsWire TORONTO, June 2, 2016 TORONTO , June 2, 2016 /CNW/ – WPT Industrial Real Estate Investment Trust (the ” REIT “) (TSX: WIR.U – OTCQX: WPTIF) has been advised that Alberta Investment Management Corporation (” AIMCo “) on behalf of certain of its clients has purchased an additional 4,468,085 trust units (the ” Units “) of the REIT from Welsh Property Trust, LLC (” Welsh “) at a price of $11.75 per Unit (the ” Unit Sale “). The Units represent approximately 16.5% of the issued and outstanding Units of the REIT (approximately 13.2% assuming all of the Class B partnership units (the ” Class B Units “) of WPT Industrial, LP, the operating subsidiary of the REIT, are redeemed for Units, but otherwise on a non-diluted basis). […]

Stock Analysts

Digital Realty Unveils New Digital Data Centre in Singapore

June 2, 2016 0

Digital Realty Trust Inc. DLR , the San Francisco, CA-based office real estate investment trust (“REIT”) has announced the opening of the new Digital Loyang Way date center in Singapore. The inception of the next generation data center reflects the commitment of the REIT to support the Smart Nation initiative of Singapore. […]