Month: June 2016

CVR Partners, LP UAN and its fully owned subsidiary, CVR Nitrogen Finance Corporation, declared that they are planning to offer senior secured notes due 2023, worth $625 million in total principal amount, to eligible purchasers based on market conditions. The company plans to utilize the net proceeds of the notes offering to repay in full and terminate its outstanding credit facility, finance its earlier announced tender offer and pay related fees and expenses. […]

Apollo Education Group, Inc. ’s APOL flagship segment, University of Phoenix’s College of Information Systems & Technology and School of Business recently collaborated with Iron Yard Ventures to introduce The RedFlint Innovation Experience Center in Las Vegas. This open concept center is expected to start functioning in Sep 2016 […]

Recently, Mexico's Secretariat of Communications and Transport (SCT) has confirmed that it will announce the names of the winners of its 700 MHz nationwide shared broadband network on Sep 29, 2016. The SCT was initially slated to declare the tender winners on Aug 24. The SCT cited the number of tenders and the complexity of queries and requests for clarification submitted by the bidders as the primary reason for the delay. […]

E-commerce giant Alibaba Group Holding Limited BABA announced a share purchase deal with Softbank Group on Tuesday. Per the deal, Alibaba will buy from Softbank $2 billion worth of Alibaba Group shares outright using balance sheet cash. Another $5 billion worth of shares will be exchanged for securities that will convert to Alibaba shares in three years […]

Mexican telecom regulator, the Federal Telecommunications Institute (IFT or Ifetel) recently granted concessions for the 1710-1780 MHz/2110-2180 MHz AWS frequency bands to America Movil SAB AMX and AT&T Inc. T . […]

Shares of Zoe's Kitchen, Inc. ZOES gained almost 2.5% in after-hours trading on May 31, backed by better-than-expected first-quarter 2016 results. Higher comps growth increased investors’ confidence in the stock […]

Tech Data Corp. TECD has been gaining momentum since it reported first-quarter fiscal 2017 results on May 26. The company’s shares have gained nearly 9% since then […]

Otis Elevator – a unit of United Technologies Corp. UTX – was recently awarded a contract to provide its services for a state-of-the-art building, Beirut Terraces, in Lebanon. Per the contract, Otis Elevator Company s.a.l., the regional distributor, is likely to install a total of 10 elevators in Beirut Terraces, which will include 8 custom-designed elevators, 1 panoramic Gen2 elevator and 1 service elevator […]

In partnership with Right at Home, Koninklijke Philips N.V PHG declared the commercial beta launch of remote care services, powered by the new connected sensors platform, CareSensus. Right at Home is a leading in-home senior care franchise network globally. With their flexible and cost-effective mix of in-home and remote care options, Philips and Right at Home are redefining the entire home care landscape. […]

AmTrust Financial Services, Inc. AFSI closed the acquisition of N.V, Nationale Borg-Maatschappij and its affiliates (“Nationale Borg”) from Egeria and HAL Investments. The property and casualty insurer (P&C) paid $179.1 million (€161 million) in cash for the buyout. […]

Novo Nordisk NVO announced positive results on its pipeline candidate, semaglutide, from the phase IIIa trial, SUSTAIN 4. Semaglutide is an experimental analogue of native human glucagon-like peptide-1 (GLP-1) that stimulates insulin and suppresses glucagon secretion in a glucose-dependent manner. Data from the trial showed that treatment with semaglutide, administered once-weekly, significantly improved glycemic control, compared to insulin glargine U100, in adults with type II diabetes […]

Teva Pharmaceutical Industries Limited TEVA suffered a regulatory setback with the FDA issuing a complete response letter (CRL) for the new drug application for SD-809 (deutetrabenazine) for the treatment of chorea associated with Huntington disease (HD). In its CRL, the FDA has asked Teva to re-analyze blood levels of certain metabolites. Teva noted that these metabolites are not novel and are also observed in patients taking tetrabenazine or deutetrabenazine. […]

The Federal Reserve may have just got another solid reason to go for a rate hike when it meets this month. Consumer spending, which accounts for over two-thirds of U.S. […]

On May 31, 2016, we issued an updated research report on Berkshire Hathaway Inc . BRK.B . The insurer in the first quarter delivered operating earnings that missed the Zacks Consensus Estimate and declined year over year […]