Month: December 2017

Roche Holdings AG RHHBY entered into a definitive merger agreement with Ignyta, Inc. RXDX at a price of $27 per share or total value of $1.7 billion in an all-cash transaction. […]

Fiat Chrysler Automobiles N.V. FCAU ) has announced that it is recalling around 1.8 million Ram trucks, primarily in North America, to fix a gearbox defect, per a Wall Street Journal report. The defect may cause trucks to accidentally shift from parking mode and start moving […]

Portola Pharmaceuticals, Inc. PTLA announced that the FDA has extended the review period of its biologics license application (BLA) for the reversal agent of Factor Xa inhibitors, AndexXa (andexanet alfa), by 90 days. As a result, the regulatory body will now announce its decision by May 4, 2018 instead of the previously set deadline of Feb 3, 2018. […]

Japanese auto giant Honda Motor Co., Ltd. HMC is mulling over developing all solid-state batteries for electric vehicles (EVs), per a Reuters report. This latest move by Honda is in sync with the global automakers’ heightened activities in the EV front […]

Hess Corporation HES has concluded the sale of its subsidiary — Hess Norge — to Aker BP ASA. The sale, effective Jan 1, 2017, raised total proceeds of $2 billion. Hess Norge has interests in the Valhall and Hod fields in Norway. […]

RenaissanceRe Holdings Ltd. RNR has announced an anticipated write-down of its deferred tax assets (DTA) as an outcome of the recently-passed Tax Cuts and Jobs Act. As a result of the write-down, the company’s net income will drop by $40 million during the period in which the tax bill will be enacted […]

It is turning out to be disappointing 2017 for the U.S. telecommunications industry. Cut-throat pricing competition resulting in lower ARPU (average revenue per user) and margins, massive investment for upcoming 5G wireless network and fiber optic buildout resulting in low free cash flow and intense competitive pressure shifted investor’s focus toward other growth-oriented industries in an overall bull market in 2017 […]

Industrial REIT Terreno Realty Corporation TRNO is on an acquisition spree. Most recently, the company shelled out $7.2 million for the purchase of an industrial property in Fairfield, NJ. […]

BioMarin Pharmaceutical Inc. BMRN announced that the FDA has extended the review period of its biologics license application (BLA) for its investigational therapy, pegvaliase, by three months to May 25, 2018. Currently, the company is looking to get pegvaliase approved for lowering blood phenylalanine (Phe) levels in adults with phenylketonuria (PKU), a rare genetic enzyme deficiency disorder, having uncontrolled blood Phe levels with existing treatment options. […]

The Clorox Company CLX looks attractive on the back of its brand management initiatives, focus on e-commerce model and 2020 Strategy. Also, the company has delivered a robust start to fiscal 2018 as both first-quarter earnings and sales topped estimates and improved year over year. Consequently, the stock scaled a 52-week high $149.90 on Dec 22, though it closed a tad lower at $149.52. […]

On Dec 26, we issued an updated research report on premium consumer goods company Conagra Brands, Inc. CAG . […]

Apogee Enterprises, Inc. APOG reported earnings per share of 82 cents in third-quarter fiscal 2018 (ended Dec 2, 2017), up 5% from 78 cents per share recorded in the prior-year quarter. Adjusted earnings of 90 cents per share, however, missed the Zacks Consensus Estimate of $1.04. […]