Month: May 2018

Pattern Energy Group Inc. PEGI announced that it has entered into an agreement to sell its 81 MW interest in 115 MW El Arrayán Wind project in Chile for $67 million in cash and the divestment is expected to close within 90 days, subject to customary closing conditions. Pattern Energy expects to reduce $1 million annual overhead cost in relation to business management in Chile. […]

The Dow endured another volatile week marked by key geopolitical developments. At the beginning of the week, the U.S. Treasury Secretary made encouraging remarks about the progress of trade negotiations with China. […]

Alphabet ’s GOOGL Google division is enhancing its partnership with PayPal PYPL to strengthen presence in the digital payment market. The company will now allow the PayPal account holders to make payments without signing in to their PayPal accounts or leaving the Google services if they add their details to Google Play account. This will make the payment process lot easier and quicker […]

On Mar 24, we issued an updated research report on Deere & Company DE . The company’s performance will be backed by strength in Brazil, higher housing starts, ease in tariff and the Wirtgen acquisition. However, its results might be marred by concerns in the agriculture business and elevated expenses […]

Astute investors always opt for plans that are likely to yield high returns irrespective of market conditions. Efficiency level, which measures a company’s capability to transform available input into output, is often considered an important parameter used to gauge a company’s potential to rake in handsome returns. […]

All the ratings of Ventas, Inc. VTR and its subsidiaries have been affirmed by Moody's Investors Service, the rating arm of Moody’s Corporation MCO . This Chicago, IL-based healthcare real estate investment trust’s (REIT) senior unsecured debt rating is affirmed at Baa1 […]

The Hershey Company’s HSY cost-cutting initiatives and productivity investments have been able to mitigate weak top-line performance to a great extent. The company’s latest cost-saving program, Margin for Growth, is expected to boost profits and will be reflected in the to-be-reported quarter. […]

Health insurer UnitedHealth Group Inc. UNH has renewed its long-term strategic partnership with LabCorp, a leading global life sciences company providing comprehensive clinical laboratory and end-to-end drug development services. […]

The chances of a trade war are unlikely to wane any time soon. There was a sign of relief for U.S. companies after Treasury Secretary Steve Mnuchin said on Sunday that the U.S.-China trade conflict has been put on hold and a negotiation is in progress that would reduce the massive trade deficit United States has with China […]

AbbVie ( ABBV announced top-line results from the phase III iLLUMINATE (PCYC-1130) study that met its primary endpoint of improvement in progression-free survival (PFS). The study evaluated cancer drug Imbruvica (ibrutinib) in combination with Gazyva (obinutuzumab) in previously untreated chronic lymphocytic leukemia or small lymphocytic lymphoma (CLL/SLL) patients compared to chlorambucil plus obinutuzumab. Year to date, shares of AbbVie have increased 6.6% against the industry ’s decline of 4.4% […]

Digital advertisements are gaining widespread popularity owing to their low cost compared to television advertisements. Additionally, advertisers can reach out to their target audience, which further accelerates demand for this mode of campaigning. Quite evidently, companies offering digital advertising such as Facebook FB , Twitter TWTR , and Google GOOGL among others are gaining from rising demand for digital advertisements Notably, in first-quarter 2018, Facebook’s Advertising revenues soared 50.1% year over year to $11.795 billion, contributing around 98.55% of the total revenues […]

Honeywell International Inc. HON recently announced that its unit, Honeywell UOP, has clinched a contract from IRPC PLC to offer a range of advanced process technologies for IRPC’s new aromatics complex in Rayong Province, Thailand. […]

Lions Gate Entertainment LGF.A delivered fourth-quarter fiscal 2018 adjusted earnings of 25 cents per share that beat the Zacks Consensus Estimate by 6 cents but plunged 53.7% from the year-ago quarter. Revenues declined 17.2% year over year to $1.04 billion and also lagged the Zacks Consensus Estimate of $1.07 billion. Adjusted OIBDA declined 13.1% from the year-ago quarter to $303.8 million […]

A stock’s price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by the company. If the price-to-sales ratio is 1, it means that investors are paying $1 for every $1 of revenues generated by the company. […]

In an effort to provide its digital service in Latin America, Visa Inc. V has entered into an agreement with YellowPepper — a pioneer in mobile payments. […]