Month: September 2017

China, the world’s largest market for autonomous vehicles, is mulling over relaxing rules pertaining to the requirement of tying up with a local company, for manufacturing vehicles in the mainland, per a Wall Street Journal news. This may come in handy for Tesla, Inc. TSLA for ramping up production in China […]

Research firm RBC recently predicted that customer churn in the legacy pay TV segment could soon accelerate to around 5 million a year. In June 2017, research firm SNL Kagan had predicted that the U.S. pay-TV industry (consisting of cable, satellite and IPTV operators) will lose approximately 10.8 million customers by 2021. […]

General Mills Inc. GIS has been implementing cost saving initiatives, investing in consumer-focused innovation and accelerating the natural and organic product portfolio to boost its sales keeping the changing food preferences in mind. Earlier this month, the company posted weak first-quarter fiscal 2018 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate by 0.5% and 7.8%, respectively […]

Webster Financial Corporation WBS is currently facing continued rise in operating expenses. Also, significant exposure to commercial loans poses a threat to its financials. While these are expected to keep the company’s bottom line under pressure, its top-line growth and ample liquidity should lend some support. […]

Daimler AG DDAIF reported that it will be investing $1 billion to expand its presence in the United States. The investment will be made at its Tuscaloosa, AL plant, slated to produce fully electric sport-utility vehicles, to be known as EQ-branded SUV models, from 2020. […]

With improving U.S. economy and rise in consumers’ spending, we have witnessed a rise in demand for consumer discretionary products like apparel, footwear and personal accessories. However, consumers shifting preference for online shopping has severely dented store traffic, leading to lower margins and even store closures […]

Shares of Transocean Ltd. RIG declined more than 7% on Sep 21 after the company received a notice of termination for one of its drillships from the oil giant Chevron Corporation CVX . […]

The U.S. apartment supply remains elevated and there seems to be no respite any time soon. While fourth-quarter 2017 was earlier projected to be the peak period for deliveries, delays stemming from labor shortage and escalating costs continue to push the delivery schedule to 2018 […]

Amazon.com, Inc. AMZN is reportedly building Alexa powered “smart glasses”. Per a Financial Times report, the device would be able to call upon Alexa any time, any place […]

Abbott’s ABT Ellipse implantable cardioverter defibrillator (ICD) recently gained FDA approval for magnetic resonance (MR) conditional labeling. This should solidify the company’s footprint in the Rhythm Management space. […]

Per media reports , Netflix Inc. NFLX announced a new initiative at the 2017 APEX Expo to offer mobile encoding technology to airline carriers globally. The company claims that by using the technology, airlines will be able to reduce their bandwidth cost by about 75% […]

Noble Energy NBL updated outlook for the third quarter of 2017 owing to solid production from itsorganic and inorganic assets. Details of the Update On the production side, the total oil volumes for the third quarter have been raised to 126-130 thousand barrels per day (MBbl/d), reflecting 4% increase from prior expectation. […]

Houston, TX-based office REIT Parkway, Inc. PKY announced that its merger with an affiliate of Canada Pension Plan Investment Board (CPPIB) has been considered and approved by the company’s stockholders. […]

China Life Insurance Co. Ltd LFC continues to benefit from revenue growth backed by surging level of premiums, especially in its Life Insurance business. The recent interest rate hikes have aided China Life along with other companies like The Hartford Financial Services Group, Inc HIG , CNO Financial Group, Inc CNO , Renaissance Holdings, Inc RNR by boosting their investment results. […]

Strengthening its focus in image-guided volumetric intensity modulated radiotherapy to cancer patients, Varian Medical Systems Inc. VAR recently announced that it has initiated treatment with its recently introduced Halcyon System. Treatment was provided at Penn Medicine to a patient suffering from head and neck cancer […]

Increased repair and remodeling activity has been driving Masco Corporation’s MAS revenues over the last few quarters along with product innovation and cost-saving initiatives. More than 80% of Masco’s revenues are generated through repair/remodel activity. The company’s growth in the last few quarters has primarily been driven by a steady rise in repair and remodel activity. […]