Mergers & Acquisitions

LetterOne and BASF Sign Letter of Intent to Merge Their Oil and Gas Businesses to Create Wintershall DEA

LetterOne and BASF Sign Letter of Intent to Merge Their Oil and Gas Businesses to Create Wintershall DEA PR Newswire LONDON, December 7, 2017 LONDON , December 7, 2017 /PRNewswire/ — BASF and L1 Energy, the energy investment arm of LetterOne, announce their intention to merge their oil and gas subsidiaries Wintershall DEA to be one of the largest independent European exploration and production companies Wintershall DEA to be governed jointly by L1 Energy and BASF , with joint headquarters in Hamburg and Kassel IPO envisaged in the medium term Closing could be expected in the second half of 2018 , subject to customary regulatory approvals, completion of due diligence process , and negotiation of definitive transaction agreements. There is n o assurance that the intended transaction will be consummated. […]

Stock Analysts

4 Machinery Stocks Near 52-Week High with More Room to Run

Investors are constantly striving to determine which industry or sector holds the most potential for capital gains. After a harrowing last year, the industrial sector seems to be back in favor this year amid a global growth backdrop. It was one of the most adversely impacted sectors last year stemming from weak commodity prices, reduced investment in the energy sector due to lower oil prices, poor economic conditions in some developed and developing nations, and Brexit […]

Stock Analysts

Avoid Cincinnati Financial, Add These Top 3 Insurance Stocks

Cincinnati Financial Corporation CINF has been witnessing downward revisions of late. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.1% downward while for 2018, the consensus mark moved nearly 1% south. The stock carries a Zacks Rank #4 (Sell) with an unimpressive Value Score of C. […]

Stock Analysts

OCC Stops Removal of In-House Examiners: Banks to Benefit?

In a policy reversal by the banking regulator, examiners will continue working at banks they supervise. In a statement to Bloomberg News, the Office of Comptroller of the Currency (OCC) head Joseph Otting said, “Upon review, it is not practical to continue the agency’s efforts to move resident examiners out of on-site locations.” High cost of independent real estate and the burden examiners will likely face in moving back and forth between government offices and Wall Street banks were cited as the reasons for halting the effort. Otting commented that other measures such as rotating examiners from bank to bank show that the OCC is serious about stopping ‘regulatory capture.’ He said, “The agency will continue to review its locations and real estate strategy to ensure they support the agency’s mission in the most operationally and cost-effective manner possible.” For years, the OCC has been intending to move hundreds of in-house examiners who worked at offices of big banks including Bank of America BAC , JPMorgan JPM , Wells Fargo WFC and Citigroup C . […]

Mergers & Acquisitions

Sustainable Projects Group Acquires myfactor.io AG

Sustainable Projects Group Acquires myfactor.io AG PR Newswire NAPLES, Florida, December 7, 2017 NAPLES, Florida , December 7, 2017 /PRNewswire/ — Sustainable Projects Group Inc . (the ” Company “) (OTCQB: SPGX) is pleased to announce the acquisition of myfactor.io AG, a business development company based in Liechtenstein . Sustainable Projects Group is gaining direct access to a company with the experience and infrastructure to develop SME’s and issue bonds, allowing SPGX to further broaden the range of consulting and business development expertise represented within the Company. […]

Mergers & Acquisitions

BSN SPORTS Acquires A Portion Of The Assets Of The Alabama-Based Hibbett Team Sales

BSN SPORTS Acquires A Portion Of The Assets Of The Alabama-Based Hibbett Team Sales — ADDS TO BSN SALES FOOTPRINT IN ALABAMA, GEORGIA & FLORIDA — PR Newswire DALLAS, Dec. 7, 2017 DALLAS , Dec. 7, 2017 /PRNewswire/ — BSN SPORTS, the nation’s largest direct marketer and distributor of sporting goods to the school and league markets and a division of Varsity Brands, today announced that it has completed the acquisition of a portion of the assets of Hibbett Team Sales, Inc. […]

Stock Analysts

Oracle Continues to Expand Cloud Service, Margin Woes Remain

On Dec 6, we issued an updated research report on Oracle Corp. ORCL , a Redwood City, CA-based enterprise-grade database, middleware and application software provider. Oracle, which enjoys a dominant position in the enterprise software and database management system (DBMS) software market, is gaining ground in the cloud sector as well […]

Stock Analysts

JinkoSolar Supplies Solar Modules to Armenia’s Largest Plant

JinkoSolar Holding Company Limited JKS has supplied polycrystalline photovoltaic (PV) panels to the first solar power plant in Armenia. Being a large-scale project, it is of considerable value to the Armenian solar, ecology, and economic development sectors. Details of the Deal Powered by approximately 3700 high efficiency polycrystalline photovoltaic panels of JinkoSolar, this 1 mega-watt (MW) solar power plant will operate throughout the 25-year product lifespan […]

Stock Analysts

Wells Fargo’s (WFC) Insurance License Likely to Get Revoked

The California Department of Insurance plans to revoke or at least suspend Wells Fargo & Company ’s WFC insurance license due to its illegitimate practices relating to the online insurance referral program. The regulator revealed that about 1500 fake insurance policies were opened by the company without customer’s knowledge. Wells Fargo is said to have wrongly charged them with premiums. […]