Month: June 2018

WEC Energy Group WEC has recently signed an agreement to acquire majority stake at the Bishop Hill III Wind Energy Center of Henry County, Illinois. Per the terms, WEC Energy will purchase 80% ownership of the wind farm for $148 million. […]

A 52-week high level is used as an indicator. A stock nearing that level is considered a winner. Investors often wonder if the high price has made the stock overpriced […]

Juniper Networks, Inc. JNPR recently announced the expansion of its campus portfolio. […]

On Jun 22, the European Union (EU) slapped tariffs on $3.2 billion of American products in response to taxes imposed on steel and aluminum by the United States. It seems like trade tensions have rapidly spread to other parts of the world in a ripple effect of the ongoing dispute between America and China over tariff impositions and trade protectionism issues. […]

Sierra Wireless, Inc. SWIR recently unveiled the new AirLink MG90 high-performance LTE-Advanced Pro multi-network vehicle router, designed specifically to provide secure and constant connectivity for mission critical applications. This is the first device to be deemed FirstNet Ready […]

Sanofi SNY announced that it has finalized its negotiations with private equity firm, Advent International to sell Zentiva, Sanofi’s generic business unit in Europe. The companies have signed a share purchase agreement worth $2.2 billion (1.9 billion euros). With the signing of this share purchase agreement, the closure of the transaction is now subject to approval from relevant regulatory authorities. […]

Tetra Tech, Inc. TTEK recently announced that the company has secured a $60-million multiple-award contract from the U.S. […]

Raytheon Company ’s RTN Missile Systems (MS) business unit recently won a $93 million modification contract for the integration of Small Diameter Bomb II (SDB II) in F/A-18E/F aircraft. The contract was awarded by the Air Force Life Cycle Management Center, Eglin Air Force Base, Florida. Details of the Deal Per the terms of the deal, Raytheon will provide testing, analysis and support services along with the sustainment of SDB II weapon onto the F/A-18E/F platform with additional developmental and operational testing […]

World Wrestling Entertainment, Inc. WWE has hit a 52-week high of $74.75 on Jun 29 after closing the session a bit lower at $74.35. The high came close on the heels of the company’s announcement of multi-year deals with 21st Century Fox-owned Fox Sports and Comcast’s USA Network for its flagship programs. […]

FactSet Research Systems Inc. FDS looks strong on the back of higher growth in organic revenue, annual subscription value and increasing product portfolio. Growth across regions outside the United States is acting as another major tailwind for the company’s growth prospects. […]

Southwest Airlines Co . LUV has announced several additional non-stop services connecting North Texas with important cities around the United States. It will also increase frequency to the popular destinations from Dallas Love Field […]

ONEOK Inc. OKE has decided to increase its natural gas takeaway capacity in the country’s two most prolific natural gas production areas, namely the Permian Basin and Oklahoma. […]

KB Home ’s KBH shares have gained more than 4% in the after-hour trading session yesterday, after it reported stellar second-quarter fiscal 2018 results. Not only the homebuilder’s top and bottom lines surpassed the Zacks Consensus Estimate but also considerably increased year over year, courtesy of solid housing market. This Zacks Rank #3 (Hold) company’s shares have gained 6.7% in the past year, outperforming its industry ’s growth of 1.4%. […]

Pfizer, Inc PFE announced that the FDA has granted a priority review to its new drug application (NDA) filed for the pipeline candidate glasdegib. Pfizer is looking to get glasdegib approved for the first-line treatment of acute myeloid leukemia (AML) in combination with a chemotherapy treatment with respect to patients, ineligible for intensive chemotherapy. […]

Shares of American Airlines Group Inc . AAL slipped to a 52-week low of $37.06 during the trading session on Jun 28 before retracing a bit to close at $38.20. The stock has lost 24.1% in a year’s time, wider than the industry ’s 17.7% decline. […]

Canadian Solar Inc. CSIQ recently announced that it started the commercial operation of its 56.3 megawatt-peak (MWp) solar project located in Japan in May 2018. The plant is expected to annually generate around 66,000 megawatt-hour (MWh) of electricity via solar power […]

Pharma giant Eli Lilly and Company LLY announced positive top-line results from a second phase III study on its arthritis drug, Taltz (ixekizumab), for the treatment of Ankylosing Spondylitis (AS), also known as radiographic axial spondyloarthritis (r-axSpA). The phase III study, COAST-W, evaluated the safety and efficacy of Taltz for the treatment of AS. This is the first AS trial on a patient population with inadequate response to one or two tumor necrosis factor (TNF) inhibitors or intolerance to a TNF inhibitor. […]

Total System Services, Inc. TSS announced that it has signed an agreement with CreditShop LLC for supporting the latter’s new credit card program. CreditShop, a consumer finance company, has introduced the new Mercury Mastercard to complement its existing personal loan products. […]

American Express Co. AXP announced that it will increase the quarterly dividend by 11.4% to 39 cents per share, beginning the third quarter. It also plans to repurchase up to $3.4 billion of common shares during the CCAR (Comprehensive Capital Analysis and Review) approval period of the third quarter of 2018 through the second quarter of 2019 […]