Month: June 2016

Premium German semiconductor maker Infineon Technologies AG IFNNY recently pioneered the development of Fast IDentity Online (“FIDO”)-certified Bluetooth low energy (BLE) reference solution that can be used as wireless authentication tokens. This will likely help the company bolster security and efficiency of Internet of Things (IoT) applications which currently forms the backbone of the contemporary digitized society. […]

The nightmare doesn’t seem to end for Alphabet Inc. GOOGL as it is likely to face a third set of formal antitrust charges from Europe’s competition regulator, the European Union (EU). According to a Wall Street Journal (WSJ) report on Monday, EU is gearing up to file fresh antitrust charges against the search giant over its dominance in advertising that is said to be violating competition rules […]

With an aim of expanding in restaurant franchise finance business, First Tennessee Bank, the regional bank of First Horizon National Corp. FHN will acquire restaurant franchise loans from GE Capital worth $637 million. GE Capital Franchise Finance is a subsidiary of General Electric Co. […]

Soft drink giants The Coca-Cola Company KO , PepsiCo, Inc. PEP and Dr Pepper Snapple Group, Inc. DPS did well in the first quarter of 2016 and look well poised for the upcoming second quarter. […]

Brexit shook the global economy and shattered the illusion that all’s well after the volatility storm at the beginning of the year. While the world was rooting for “Bremain,” the voters in U.K. decided to exit the European Union (EU) in a referendum on Friday, which came as a bolt from the blue for financial markets across the globe. […]

DuPont DD and Monsanto MON have signed a licensing agreement for one of Monsanto’s next-generation soybean technologies that will offer an additional option for farmers. Per the agreement, DuPont Pioneer will get a royalty-bearing license to Intacta RR2 PRO technology in Brazil. […]

It was a week where oil was a casualty of Brexit-fueled selloff, while natural gas was one of the few commodities to buck the trend. On the news front, Energy Transfer Equity L.P. ETE got legal permission to walk away from the merger with Williams Companies Inc […]

Once an acquisition giant, Canada-based Valeant Pharmaceuticals VRX has been in the spotlight since the second half of 2015 for all the wrong reasons like a price hike of specialty drugs, erroneous financial reporting, and termination of contracts with Philidor Rx Services. The going got worse in the first half of 2016 leading to a massive decline in its share prices. […]

On Jun 27, 2016, we issued an updated research report on Sonoco Products Co. SON , a global manufacturer of consumer and industrial packaging products. Sonoco cautions that second-quarter 2016 will be up against tough comparisons due to strong results in the year-ago quarter. […]

Air Products and Chemicals, Inc. APD announced that it has commissioned and brought online its second integrated oxy-fuel solution for Techpack Solutions in Korea. The solution provides a number of benefits including lesser emissions and better energy efficiency, productivity and glass quality to the Korean container glass maker. […]

Carnival Corp. CCL reported strong second quarter fiscal 2016 results, wherein both earnings and revenues beat the respective Zacks Consensus Estimate. […]

Nordstrom Inc. JWN stock is down for the last couple of days after it announced the closure of its full-line store at Horton Plaza Store in San Diego, CA. The stock also hit a 52-week low of $35.01 on Jun 27, before it recovered slightly to close down 2.5% at $36.20. […]

On Jun 28, 2016, we issued an updated research report on Willis Towers Watson plc WLTW . Willis Towers that was formed with the merger of Willis Group and Towers Watson in Jan 2016 is an ace insurance broker will combined strengths to penetrate deeper into markets, expand international presence and work toward further innovation. The merged entity generates revenues, cost and tax synergies […]

U.S. stock markets are shrouded in uncertainty with the major indices stumbling yet again yesterday after hitting alarming lows last Friday. The S&P 500 index dropped 1.8%, losing 36.87 points while the Dow Jones industrial average fell 1.5%, losing 260.51 points. […]