Month: November 2016

Sun Life Financial Inc .’s SLF third-quarter 2016 operating net income of $575.1 million (C$750 million) surged 57% year over year. Also, operating net earnings per share of 79 cents beat the Zacks Consensus Estimate by 11.3%. Both wealth as well as life and health sales improved in the quarter. […]

Keeping pace with its innovation and expansion strategies, Whirlpool Corp. WHR recently announced plans to construct a new distribution channel in New Kingston, slated to commence operations in third-quarter 2017. Alongside, the company announced that it would update operations at its existing Carlisle, PA distribution center […]

Perrigo Company plc 's PRGO third-quarter 2016 earnings of $1.65 per share beat the Zacks Consensus Estimate of $1.59. Reported earnings, however, declined 6% from the year-ago figure. The company's shares are up around 4% in pre-market trading. […]

Omaha, NE-based online brokerage firm, TD Ameritrade Holding Corporation AMTD came up with average client trades per day of 438,000 in its activity report for Oct 2016. While the reported figure declined 4% from the prior month, it remained stable compared with the prior-year period. […]

BP plc BP and Oman Oil Company Exploration & Production inked an agreement with the Government of the Sultanate of Oman to modify the Oman Block 61 exploration and production sharing agreement (“EPSA”) pertaining to extension of the license area. This is likely to aid further development of the massive Khazzan tight gas field. […]

International Business Machines Corporation IBM has partnered with Topcoder, a global software development community to make its Watson and IBM Cloud services available to more than one million of technology and design experts included in the Topcoder community. Topcoder conducts online competitive programming competitions called “single round matches” or SRMs fortnightly as well as weekly graphic design and development competitions. […]

Shares of Fort Worth, TX-based American Airlines Group AAL gained on Nov 9, following the company’s announcement of bullish fourth-quarter view for total revenue per available seat mile (TRASM: a key measure of unit revenues). The stock closed the last trading session at $42.41, up 1.7% from the previous day’s closing price, following the guidance which was issued by the carrier while releasing its October traffic data. Traffic measured in revenue passenger miles (RPMs) declined 2.6% on a year-over-year basis to 18.4 billion. […]

Keryx Biopharmaceuticals Inc. KERX reported third-quarter 2016 loss of 39 cents per share, which was significantly wider than both the Zacks Consensus Estimate of 22 cents and the year-ago loss of 29 cents. FindTheCompany | Graphiq On the other hand, revenues came in at $6.3 million in the quarter, above the Zacks Consensus Estimate of $5.8 million. […]

ExxonMobil Corporation XOM and Sunoco Logistics SXL recently announced their decision to form a strategic joint venture (“JV”) by combining their key crude oil midstream assets, mainly in the Permian basin of West Texas. Per a statement, Permian Express Partners – the new JV – will comprise assets owned by both companies. Sunoco Logistics will be the majority owner and operator of the JV assets with a stake of 85%, while ExxonMobil will hold the remaining 15%. […]

The Presidential election is finally over and the stock market has reacted favorably to Donald Trump’s surprise win with the S&P 500 rising 1.1%, the Dow Jones Industrial Average surging 1.4%, and the NASDAQ gaining 1.1%. Finance, energy, pharma, biotech, financial services and infrastructure were among the sectors that surged on Trump’s victory. […]

As reported by Reuters, JPMorgan Chase & Co. JPM announced that it is about to stop offering fee-based retirement accounts to its clients. This is in compliance with the U.S […]

Grocery retailer SUPERVALU Inc. SVU shares rose 7.8% in the after-trading session following its announcement that it has entered into a long-term supply agreement with grocery retailer America’s Food Basket (AFB). This move is in sync with its strategy to ink supply agreements with other retail giants in an attempt to boost sales […]

The TJX Companies Inc. TJX is set to report third-quarter fiscal 2016 results on Nov 15, before the opening bell. Last quarter, the company posted a positive earnings surprise of 5.00% […]