Month: March 2018

Sonoco Products Company SON has entered into an agreement to acquire Highland Packaging Solutions for approximately $150 million in cash. The deal will further strengthen its thermoforming business and increase presence in the fast-growing fresh perimeter of grocery stores. Plant City, FL-based, privately owned Highland Packaging is a producer of thermoformed plastic packaging for fresh produce and dairy products […]

Edwards Lifesciences Corporation EW has announced that its computed tomography imaging (within the PARTNER 3 trial of the SAPIEN 3 valve) sub-study has recently completed enrollment. Notably, this sub-study is evaluating the leaflet mobility of both SAPIEN 3 and surgical heart valves in patients, who are at low risk and experiencing valve replacement for treating severe aortic stenosis. Data from the main PARTNER 3 study will be presented at ACC 2019 […]

The merger of SCANA Corporation SCG with Dominion Energy, Inc. D has recently been approved by the Georgia Public Service Commission. On February, the electric utility players received consent from the Federal Trade Commission (“FTC”). […]

The Dow traversed rough waters once again this week, a period which was marked by troubles for Facebook, Inc. FB and the Fed’s latest policy statement. […]

Morgan Stanley MS is planning to enhance its workforce in Paris by adding about 80 jobs, post-Brexit. As per a person familiar with the matter, jobs will either be relocated or created in Paris. The news was reported first by Les Echos, a French newspaper. […]

Chubb Limited CB is one of the world’s largest providers of property and casualty (P&C) insurance and reinsurance, lending specialized insurance products such as personal accident, supplemental health and life insurance to individuals. Shares of this Zacks Rank #3 (Hold) insurer have gained 3.1% in a year, underperforming the industry ’s rally of 15.8%. The stock has seen the Zacks Consensus Estimate for current and next-year earnings being revised upward over the last 60 days. […]

On Mar 22, Northern Oil and Gas, Inc. NOG was upgraded to a Zacks Rank #1 (Strong Buy). Why the Upgrade […]

Ford Motor Company F has signed five new memoranda of understanding (MoU) with Mahindra & Mahindra Limited, an Indian automotive manufacturing company, to develop a new electric vehicle (EV) and sports utility vehicles (SUVs). Both the companies will strengthen their strategic coalition and develop products for emerging markets, including India. […]

Shares of GATX Corporation GATX gained 11.3% over the last three months, outperforming the Zacks Equipment and Leasing industry , which declined 5.9% in the same time period. Let’s take a look at the factors responsible for the impressive price performance. In January, GATX reported higher-than-expected revenues for the fourth quarter of 2017 […]

TechnipFMC plc FTI recently agreed to the terms for jointly developing a new generation of hybrid flexible pipe (HFP) with Magma Global Ltd. This type of pipe will be used in offshore activities. Per the deal, the oilfield service provider TechnipFMC will acquire a minority interest in Magma Global that produces high strength carbon fiber pipes. […]

After the successful completion of the Financial Improvement Plan in 2017, Universal Technical Institute, Inc. UTI announced a multi-year Strategic Transformation Plan, to drive new student starts, completions and improve student success. […]

The Utility sector is one of the most stable sectors for investment, as it deals with the basic services. Most of the Utility companies are mature, fundamentally strong and focused on domestic as well as industrial usages. Electric Utilities basically generate power along with strengthening transmission and distribution lines […]

McDermott International, Inc. MDR , with a view to take advantage of the improving energy landscape, is set to place a bid for $5 billion worth contracts in the Asia Pacific region over the next six months. The company wants to bank on the improving offshore oil and gas prospects of the region. […]

Expedia, Inc. ’s EXPE subsidiary, Orbitz (orbitz.com) was recently hit by a security breach. Hackers reportedly had access to customer’s information from 880K payment cards used on its consumer platform as well as its partner’s platform where Orbitz is used as a booking engine. […]