Shares of Kansas City Southern KSU have underperformed the industry it belongs to in the last six months on multiple headwinds. The stock has gained 2.6% compared with the industry’s 4.8% rise. […]
Shire plc ’s SHPG shares have been rallying since Japan-based Takeda Pharmaceutical announced its takeover intentions. Shire’s stock has gained almost 16% since closing on Mar 27. In the press release issued by Takeda, it has confirmed that it is considering a possible offer to buy out Shire to boost its core therapeutic areas. […]
HSBC Holdings plc HSBC has agreed to settle an antitrust case that accuses it of plotting with some other banks and manipulating the LIBOR benchmark interest rate. The bank is required to pay about $100 million despite denying any wrongdoings. While the preliminary settlement documents were filed in the U.S. […]
Petroleo Brasileiro S.A. – Petrobras PBR recently inked a $590 million agreement to construct a natural gas processing unit in Rio de Janeiro. The company has signed the contract with a consortium comprising China's Shandong Kerui Petroleum and Brazil's Metodo Potencial engineering company. […]
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. […]
GoPro Inc. GPRO recently introduced an entry-level HERO camera that is designed to capture impressive videos and pictures. The new camera will enable users to share experiences that are difficult to get through a phone. […]
Per Fox Business, Tesla, Inc. TSLA has announced to voluntarily recall 123,000 of its luxury Model S sedans across the globe to fix the issue of faulty steering components. The Palo Alto, CA-based company stated that the recall includes Model S vehicles built before April 2016 and is devoid of any Model X or Model 3 versions. […]
Goldcorp Inc. GG has deposited the first gold in Tradewind Markets, Inc.’s blockchain technology, VaultChain. Tradewind is a financial technology company that is revolutionizing the way of trading gold […]
Monday, April 2, 2018 Tesla TSLA founder and CEO Elon Musk used yesterday’s April Fool’s Day to make light of last week’s report of a hedge fund manager at Vilas Capital declaring the electric vehicle leader “…(W)ithout any doubt… on the verge of bankruptcy.” Musk responded in a series of April Fool’s tweets that Tesla was “so bankrupt, you can't believe it,” along with a picture of the founder passed out at the fender of a Tesla with a cardboard sign reading “Bankwupt.” Well, this guy’s not considered a genius for nothing. That said, Tesla has endured its worst month in a long time: -22% in the month of March, pulling its year-over-year performance into negative territory: -4%. Shares are down another 3.5% in this morning’s pre-market, which is showing futures in the red across all major U.S. […]
Tesla TSLA founder and CEO Elon Musk used yesterday’s April Fool’s Day to make light of last week’s report of a hedge fund manager at Vilas Capital declaring the electric vehicle leader “…(W)ithout any doubt… on the verge of bankruptcy.” Musk responded in a series of April Fool’s tweets that Tesla was “so bankrupt, you can't believe it,” along with a picture of the founder passed out at the fender of a Tesla with a cardboard sign reading “Bankwupt.” Well, this guy’s not considered a genius for nothing. That said, Tesla has endured its worst month in a long time: -22% in the month of March, pulling its year-over-year performance into negative territory: -4%. […]
First Financial Bancorp. and MainSource Financial Group, Inc. Complete Merger PR Newswire CINCINNATI, April 2, 2018 CINCINNATI , April 2, 2018 /PRNewswire/ — First Financial Bancorp. […]
Tradesy Acquires Fitz And Announces Tradesy Closet Concierge New division offers in-home closet organization, personal styling, and luxury consignment services PR Newswire LOS ANGELES, April 2, 2018 LOS ANGELES , April 2, 2018 /PRNewswire/ — Tradesy , the world’s largest peer-to-peer marketplace for women’s designer fashion, has acquired Fitz , an in-home service that pairs customers with highly-trained stylists to organize their closets, edit their wardrobes and provide personalized styling services. With this acquisition, Tradesy is pleased to announce the launch of Tradesy Closet Concierge , a service that delivers luxury wardrobe management by professional stylists, including organizing, styling, and resale consignment services. […]
AngioDynamics Inc. ANGO reported third-quarter fiscal 2018 adjusted earnings of 25 cents per share, which beat the Zacks Consensus Estimate by 25% and improved 31.6% year over year. Meanwhile, net sales fell almost 2% year over year to $83.9 million, missing the Zacks Consensus Estimate of $86 million […]
Alibaba Group Holding Limited BABA announced the acquisition of the remaining outstanding shares of a China-based food delivery start-up, Ele.me. Post the completion of the transaction, the start-up will be worth $9.5 billion. Post the acquisition, the online food delivery app will be able to leverage the retail infrastructure of Alibaba and will be part of its new retail strategy […]
WPX Energy WPX announced that it closed the agreement to sell its remaining holdings in San Juan Basin’s Gallup oil play to Enduring Resources IV, LLC for $700 million. This transaction marks the end of WPX Energy’s operations in the San Juan Basin. WPX Energy entered into this agreement during February 2018. […]
FUJIFILM Holdings FUJIY continues to focus on rapid expansion of its footprint in the fast growing healthcare sector. Apart from investments in developing research & development (R&D) infrastructure and partnerships, the company is also making strategic acquisitions. These buyouts are expected to drive growth in the healthcare market. […]
Shares of Edge Therapeutics, Inc. EDGE lost almost 92% after the company announced disappointing results from a phase III study, NEWTON 2 on lead pipeline candidate, EG-1962. […]
Netflix NFLX has been one of the top-performing stocks to-date in 2018 driven by its robust and ever expanding content portfolio. The company’s strategy of producing quality original content and strong programming slate will continue to help it in attracting and retaining subscriber base. Netflix’s massive spending on content can primarily be attributed to high production values […]
FMC Corporation FMC has provided an update on the first quarter and fiscal 2018 expected performance. The company stated that it expects first-quarter adjusted earnings to exceed the high end of its prior guidance of $1.45-$1.59 per share. For full-year 2018, it anticipates adjusted earnings to exceed the high end of its prior guidance of $5.20-$5.60 per share […]
CECO Environmental Announces the Sale of Strobic – Total gross proceeds received from recent non-core asset sales to exceed $35 million PR Newswire DALLAS, April 2, 2018 DALLAS , April 2, 2018 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE ) a global leader in air quality and fluid handling, today announced the sale of Strobic to Cincinnati Fan and Ventilator Company, Inc. a portfolio company of Dominus Capital, L.P […]
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