Month: November 2017

The Healthcare sector has been delivering impressive performance so far this year and the comparative performance of the Health Care Index (XLV) to other major indices says it all. This index has rallied 18.7% year to date in comparison with the S&P 500 Index’s gain of 17.3%. […]

Varian Medical VAR recently announced its partnership with Penn Medicine to develop and launch a comprehensive proton therapy training and education program. Management at Varian confirmed that training and online courses will be available from January 2018. The latest development is likely to enhance the knowledge and skills of clinicians and therapists in the global proton therapy space […]

Co-head of Deutsche Bank ’s DB corporate and investment division (CIB), Garth Ritchie, revealed to a German daily, Handelsblatt, that the bank’s restructuring plans for the division are likely to be completed in another two to three years. Per Ritchie, the plan might get executed in two years’ time if the markets turn favorable for the bank. However, continuation of the sluggish nature would extend it to three years […]

Shares of United Rentals, Inc. URI have rallied 49.4% so far this year, outperforming the 19.8% gain of the industry it belongs to. Also, the company has outperformed the industry in each of the 4-week, 12-week and 52-week time frames. […]

CenterPoint Energy, Inc. ’s CNP operations are subject to the impact of weather patterns. Toward this, the Hurricane Harvey that hit the city of Houston in August 2017 disrupted the company’s operations during the third quarter of 2017. […]

Shares of Union Pacific Corporation UNP have outperformed its industry in the last six months. The stock has rallied 11.5%, while the industry has gained 3.6% in the period. […]

Banco Bilbao Vizcaya Argentaria BBVA has agreed to sell 80% of its Spanish real estate business to a subsidiary of Cerberus Capital Management, a U.S. private equity firm, for €4 billion through a joint venture deal. The deal, which is likely to be closed by second half of 2018, values BBVA’s business at approximately €5 billion […]

The rumors that Nokia Corporation NOK was looking to buy Juniper Networks JNPR for around $16 billion were making rounds late yesterday. In fact, the Juniper stock surged in double-digits in after-hours trading, following media reports that Nokia was in talks with Juniper pertaining to its takeover. The speculations regarding the buyout were, however, put to rest when Nokia issued a statement to the contrary […]

Infosys Finacle, the banking platform of Infosys Limited ’s INFY subsidiary, EdgeVerve Systems, recently launched Finacle Trade Connect, a trade finance solution for banks. The solution facilitates the digitization of the trade finance business process that includes certifying documents, validation of ownership as well as making payments, while working on a distributed and shared network. The company has also assembled a pilot trade finance network of 11 banks to trial the Finacle Trade Connect solution. […]

In a move to enhance its advanced threat-protection capabilities, Proofpoint, Inc. PFPT recently entered into a definitive agreement to buy Weblife.io for a total consideration of $60 million. The transaction is anticipated to close by the end of December 2017. […]