Stock Analysts

Masimo’s Radius 7 Wearable Monitor Gets FDA 510 (k) Nod

Masimo Corporation MASI recently announced the receipt of FDA 510 (k) approval for the Radius 7 wearable, tetherless, non-invasive rainbow monitor device. This follows the recent approval of the O3 regional oximetry device, which uses near-infrared spectroscopy (NIRS) to continuously monitor absolute and trended regional tissue oxygen saturation in the cerebral region. Radius 7 connects to the Root patient monitoring and connectivity system […]

Stock Analysts

Tutor Perini (TPC) Awarded $100M Casino Expansion Project

Tutor Perini Corporation TPC has won a project valued over $100 million for the construction of a new, upscale hotel and event center at the Maryland Live! Casino in Hanover, Md. The contract was awarded to its subsidiary, Tutor Perini Building Corp by The Cordish Companies. Origins of the Cordish Companies date back to 1910 and encompass four generations of privately-held, family ownership […]

Stock Analysts

Jones Lang LaSalle (JLL) to Buy Global Occupiers from MSCI

In sync with its disciplined acquisition strategy, Jones Lang LaSalle Incorporated JLL has inked a deal to acquire global corporate occupiers benchmarking (Global Occupiers) business of MSCI, the provider of investment decision supporting tools worldwide. This latest acquisition is likely to enhance JLL’s Corporate Solutions service range and add to its technology and data analytics capabilities. […]

Mergers & Acquisitions

Cornerstone Real Estate Advisers To Acquire ACRE Capital Holdings LLC

Cornerstone Real Estate Advisers To Acquire ACRE Capital Holdings LLC –Expands Cornerstone’s Commercial Mortgage Origination Platform to Include GSE Loans PR Newswire HARTFORD, Conn., June 29, 2016 HARTFORD, Conn. , June 29, 2016 /PRNewswire/ — Cornerstone Real Estate Advisers (“Cornerstone”), one of the world’s largest real estate-focused investment managers, today announced a definitive agreement to acquire ACRE Capital Holdings LLC (“ACRE Capital”), the agency lending subsidiary of Ares Commercial Real Estate Corporation (NYSE: ACRE), for $93 million . […]

Mergers & Acquisitions

Adient rated by S&P Global Ratings

Adient rated by S&P Global Ratings Ratings in line with expectation of high non-investment-grade debt ratings PR Newswire MILWAUKEE, June 29, 2016 MILWAUKEE , June 29, 2016 /PRNewswire/ — Johnson Controls (NYSE: JCI) today announced that Adient, the automotive seating and interiors business that it plans to spin off in October, has received a BB+ preliminary corporate credit rating and a BBB senior secured credit rating from S&P Global Ratings (S&P). “These ratings are in line with our expectation to have high non-investment-grade debt ratings when we list on the New York Stock Exchange in October,” said incoming Adient Chairman and Chief Executive Officer R. […]

Stock Analysts

Roche’s Multiple Sclerosis Drug Under Review by FDA, EMA

Roche Holding RHHBY announced that the FDA has accepted its Biologics License Application (BLA) for Ocrevus (ocrelizumab) for review as the treatment of relapsing multiple sclerosis (RMS) and primary progressive multiple sclerosis (PPMS). The BLA was also granted Priority Review Designation with a targeted action date of Dec 28, 2016. […]

Stock Analysts

Whirlpool Free from Brexit Perils: Keeps Guidance Intact

The votes cast on Jun 23, favoring the exit of the United Kingdom from the European Union, has provoked all associated with the country to think about the economical consequences. In response to this decision and a sharp plunge in its stock price in the following two trading sessions, Whirlpool Corporation WHR addressed its investors to ease them of their worries. The company conveyed that the uncertainties arising from the ‘Brexit’ vote will not have much impact on its business for now […]

Stock Analysts

Amazon Makes E-Book Navigation Easier with Page Flip

Amazon.com, Inc. AMZN on Monday announced that it has added a new feature called Page Flip to enhance the Kindle navigation experience. Page Flip, as the name suggests, is a software update that enables readers to skim and jump across different parts of a book while saving the original page at the back […]

Stock Analysts

5 Top-Ranked Energy Bargains for Value Investors

Oil prices are bouncing back after shaking off the Brexit bombshell that surprised investors late last week and sent the commodity to a seven-week low on strengthening dollar and fears of a global economic slowdown. While Brexit will be a blow to U.S. oil explorers and producers like Apache Corp […]

Mergers & Acquisitions

Southern Company, AGL Resources receive final merger approval from New Jersey regulators

Southern Company, AGL Resources receive final merger approval from New Jersey regulators PR Newswire ATLANTA, June 29, 2016 ATLANTA , June 29, 2016 /PRNewswire/ — Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) have received unanimous regulatory approval of the companies’ proposed merger from the New Jersey Board of Public Utilities (BPU), which settles all issues in the proceeding. AGL Resources is the parent company of Elizabethtown Gas, a regulated utility providing natural gas distribution services to customers in New Jersey . The BPU’s decision represents the final regulatory approval needed to close the previously announced merger, which was unanimously approved by state regulators in each of the six required jurisdictions in just 10 months […]