Month: June 2018

In a bid to strengthen its Medical Management Solutions (MMS) segment, Becton, Dickinson and Company BDX , popularly known as BD, recently collaborated with Indiana-based Helmer Scientific to introduce a refrigerated solution using BD’s new Pyxis ES refrigerator. Notably, the solution is the first of its kind that has been integrated into an automated dispensing system. Post the announcement, the New Jersey-based medical technology company’s share price dropped a marginal 0.3% to $227.72. […]

CME Group Inc .’s CME average daily volume (ADV) of 20.1 million contracts per day for May 2018 improved 22% year over year. A record daily volume of 51.9 million contracts traded on May 29 largely drove this upside. Shares gained 1.7% in the last two trading years reflecting investor optimism […]

Nasdaq, Inc . NDAQ has reported mixed volumes for May 2018. While the U.S […]

On Jun 5, we issued an updated research report on STERIS plc STE . The company has been actively trying to expand into the adjacent markets and strengthen its core business through acquisitions and dilutions. However, the company operates in a tough competitive landscape, which is a concern. […]

ARRIS International plc ARRS recently inked a deal with Alphabet Inc. GOOGL to utilize indigenous Ruckus technology of its subsidiary Ruckus Networks to power the Google Station Wi-Fi hotspots in three emerging countries, namely India, Indonesia and Mexico. The strategic collaboration is part of Alphabet’s broader objective to help lower the barrier to entry for network connectivity in support of Google's Next Billion Users initiative […]

Sempra Energy SRE announced that its subsidiary San Diego Gas & Electric (SDG&E) has received an approval from California Public Utilities Commission (CPUC) to add nearly five energy storage projects totaling 83.5 megawatts (MW) to its current storage capacity. Also, the company won a nod for the demand response program of 4.5 MW from CPUC. The company expects to this project to come online by next year to continue its initiative for a greener San Diego […]

Honeywell International Inc. HON recently unveiled a security management solution for industrial cybersecurity, particularly targeted at industrial customers who deal with diverse process control networks, sites and vendors. Based on Honeywell's ICS Shield, the multi-site solution for cybersecurity management lowers security vulnerabilities, thus leading to reduction in operational risks. […]

Canadian National Railway Company CNI announced ratification of its new contract with Brotherhood of Locomotive Engineers and Trainmen (BLET), representing 475 locomotive engineers on its Illinois Central (IC) property in the United States. The contract runs through Dec 31, 2019 and offers better wages and other benefits commensurate with industry standards every year under the agreement. In May 2018, the company ratified another contract with Teamsters Canada Rail Conference, representing 1,800 of its locomotive engineers. […]

Ollie's Bargain Outlet Holdings, Inc. ’s OLLI continued with its impressive streak of positive earnings and sales surprise, when it reported first-quarter fiscal 2018 results. The company also sustained its decent year-over-year improvement in both the top and bottom lines, while delivering 16th straight quarter of comparable-store sales growth […]

Quanex Building Products Corporation NX reported second-quarter fiscal 2018 (ended Apr 30, 2018) adjusted earnings per share of 14 cents, which came in line with the Zacks Consensus Estimate. However, the bottom line improved 27% from the year-ago quarter,. Including one-time items, the company reported earnings per share of 12 cents in the quarter compared with 4 cents reported in the year-ago quarter. […]

International Paper Company IP has decided to cancel its proposal for the takeover of the Irish packaging company — Smurfit Kappa — due to lack of engagement from the latter’s management. Memphis-based International Paper was given time until Jun 6 to make a binding offer for the buyout by the Irish Takeover Panel. The company confirmed that it has dropped its pursuit to acquire its Ireland-based rival. […]

Koninklijke Philips PHG is set to buy EPD solutions for €250 million (£219.57 million). The Dutch healthcare technology provider will also pay €210 million upon the achievement of certain milestones. The deal is expected to be completed in July […]

Brown & Brown, Inc. BRO recently completed its previously announced buyout of Servco Pacific Insurance operations in Hawaii and the Pacific Northwest. The transaction will enable Brown & Brown to expand and boost its brokerage services, which will likely help it to strengthen its position in the market. […]

America Movil, S.A.B. de C.V. […]