As per a recent report by Reuters, Mexican telecom behemoth, America Movil SAB AMX is likely to sell its minority stake in the wireless tower company Telesites. Notably, on Dec 2015, Telesites was spun-off from America Movil. Telesites has a portfolio of about 10,800 wireless towers and provides extensive network coverage in Mexico […]
According to Bloomberg , energy giants Royal Dutch Shell plc RDS.A , Schlumberger Limited SLB and E.ON SE are likely to start testing power-generating kites in the U.K. this summer. This disruptive technology – namely Kite Power Systems ("KPS") – has the potential to replace the traditional offshore wind turbines […]
GTCR Announces Expansion of Optimal Blue Network through Comergence Acquisition PR Newswire CHICAGO, May 30, 2017 CHICAGO , May 30, 2017 /PRNewswire/ — GTCR, a leading private equity firm, announced today the simultaneous signing and closing of the acquisition of Comergence Compliance Monitoring (“Comergence”) by Optimal Blue. Comergence is a leading SaaS mortgage technology business, and its network-based solutions allow mortgage investors to perform due diligence and ongoing monitoring of their third party originators (“TPOs”). Comergence’s software enables mortgage investors to review and monitor the licensing, compliance and risk profile of virtually all 18,500 third party originators operating in the market today. […]
RAI post-acquisition leadership team announced PR Newswire WINSTON-SALEM, N.C., May 30, 2017 WINSTON-SALEM, N.C. , May 30, 2017 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) today announced its proposed leadership team after the anticipated third-quarter acquisition of RAI by British American Tobacco p.l.c […]
The Internet TV service, launched by leading pay-TV operators in the U.S. and gaining market traction since 2015, has yet to cope up with the onslaught of low-cost online video streaming services. Internet TV emerged as an alternative to counter the competitive threat to the pay-TV business model posed by these services […]
Shares of United Natural Foods, Inc. UNFI have underperformed the Zacks categorized Food–Miscellaneous/Diversified industry and the broader sector on a year-to-date basis. […]
The retail landscape has been undergoing a fundamental change, with technology playing a major role and the focus shifting to online shopping. This shift in buying patterns has forced retailers to come up with innovative ways to market their products. Retailers who have responded quickly to it by staying ahead technologically stand in good stead […]
Arthur J. Gallagher & Co. […]
It was a week where oil prices tumbled after the much-anticipated OPEC meeting underwhelmed investors, while a bearish build created selling pressure on natural gas futures. On the news front, refining giant Tesoro Corp. TSO established a drilling joint venture in Utah’s Uinta Basin with upstream operator EP Energy Corp […]
Allied Universal Adds Residential Communities Security Provider PR Newswire SANTA ANA, Calif. and CONSHOHOCKEN, Pa., May 30, 2017 SANTA ANA, Calif. […]
Lithium Enters into Definitive Agreement to be Acquired by Vista Equity Partners PR Newswire SAN FRANCISCO, May 30, 2017 SAN FRANCISCO , May 30, 2017 /PRNewswire/ — Lithium Technologies, Inc., the market leader in cloud-based social media management and online community solutions, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on investments in software, data and technology-enabled businesses. Lithium’s Board of Directors has unanimously approved the transaction. Terms of the transaction were not disclosed. […]
Riverchase Dermatology and Cosmetic Surgery Acquires Bowes Dermatology PR Newswire MIAMI-DADE COUNTY, Fla., May 30, 2017 MIAMI-DADE COUNTY, Fla. , May 30, 2017 /PRNewswire/ — Riverchase Dermatology and Cosmetic Surgery is proud to announce the acquisition of Bowes Dermatology. The office, located in the Mercy Professional Building at 3659 South Miami Avenue, Suite 6008, in Miami, Florida will offer the same quality dermatology and cosmetic services patients have come to know and trust from Riverchase Dermatology. […]
Republic Services Inc. RSG is reportedly a leading domestic non-hazardous solid waste company in the U.S. It provides non-hazardous solid waste disposal services for commercial, industrial, municipal and residential applications across the country. […]
The Monetary Authority of Singapore (“MAS”) imposed a fine on Credit Suisse Group AG CS and United Overseas Bank Limited UOVEY after concluding the two-year investigation of the connections between financial institutions in Singapore and Malaysian sovereign wealth fund, 1Malaysia Development Berhad (1MDB). Though MAS failed to find pervasive control weaknesses at the banks, they were found guilty of violating several regulations relating to anti-money laundering and lack of appropriate scrutiny of customers' transactions. The regulator charged Credit Suisse and United Overseas with penalties of $0.5 million (S$0.7 million) and $0.6 million (S$0.9 million), respectively. […]
After declining in 2016, share price of French pharma giant Sanofi SNY has picked up in 2017. This Zacks Rank #2 (Buy) stock has risen 21.1% this year so far, outperforming the return of the Zacks classified Large-Cap Pharma industry of 8.8%. Let us analyze the reasons for the share price increase Back-to-Back Product Approvals: Many important pipeline drugs were approved/launched this year, which can boost sales in the next few years […]
Shares of Inogen Inc. (INGN) rallied to a new 52-week high of $89.54 on May 26, eventually closing a tad bit lower at $87.93. […]
On May 30, we issued an updated research report on leading developer, owner and operator of casino resorts Wynn Resorts, Limited WYNN . Last month, the company posted better-than-expected first-quarter 2017 results with both earnings and revenues surpassing the Zacks Consensus Estimate. […]
On May 29, we issued an updated research report on San Diego, CA-based NuVasive, Inc. NUVA . The company is a major player in the global spine market, focused on developing minimally-disruptive surgical products and procedurally-integrated solutions for the spine. […]
Leading provider of product development and integrated healthcare services, Quintiles IMS Holdings, Inc. Q announced that it will repurchase 10,571,003 shares of its common stock. […]
On May 29, we issued an updated research report on leading molecular diagnostic company, IDEXX Laboratories, Inc . IDXX . The stock currently has a Zacks Rank #2 (Buy). […]
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