Facebook FB is trying to maintain its “cool quotient” in order to prevent users from shifting to other applications. The company’s recent announcement to launch a Lip Sync Live feature is a step toward that direction. […]
Newell Brands Inc. NWL has agreed to sell its sporting goods subsidiary, Rawlings Sporting Goods Company, Inc., to a fund managed by Seidler Equity Partners (“SEP”). […]
SAP SE SAP is one technology company that continues to display strength in several areas. Adding the stock to your portfolio should not be a disappointment. Shares of the enterprise-application software provider have gained 7.2% over the past year, outperforming the 5.9% growth of its industry . […]
TESARO, Inc. TSRO announced a collaboration with Genentech, a subsidiary of Roche RHHBY , to develop its PARP inhibitor, Zejula (niraparib), in combination with the latter’s immuno-oncology drug, Tecentriq (atezolizumab) and MEK inhibitor, Cotellic (cobimetinib). […]
In the latest signal that the U.S. economy is starting to pick up the pace, the services sector grew at a faster clip in May. […]
Small-cap stocks are the hottest investment cluster in the current market environment, with their index outperforming the large-cap brethren by wide margins. This is especially true as the Russell 2000 index outpaced for three straight months through May, representing its longest winning streak in almost two years. Another index tracking the small-cap stocks, the S&P Small Cap 600 has also beaten the S&P 500 by a wide 9.5% — a three-month premium level not seen since May 2002 — according to data from S&P Dow Jones Indices. […]
Return on equity is one of the most coveted metrics by investors. The metric enables investors to differentiate between a profit-churner and a profit-burner. […]
The 2018 FIFA World Cup will be held in Russia from Jun 14 to Jul 15. With less than two weeks left for this month-long mega football event, the British economy is expected to gain from this event. Although revenue generation in the U.K. […]
The world of cancer research is changing fast. This space is seeing huge developments and companies are taking great strides in treating a variety of cancers. Cancer research is definitely an exciting area and one that investors will keep a close watch on in the coming years […]
Investors in the biotech sector were glued last week to the highly awaited 54th annual meeting of the American Society of Clinical Oncology (ASCO), which overshadowed the usual regulatory and other updates from the space. The meeting, held in Chicago (Jun 1-Jun 5) provides companies with a platform to showcase their data to scientists, physicians, the investment community and others. While the focus was mainly on ASCO data, companies like Biogen BIIB and Vertex VRTX remained in the limelight on pipeline updates. […]
Consumer staple companies came under pressure on Jun 5, after Mexico announced retaliatory tariffs on goods imported from the United States. The heat was primarily felt by packaged foods companies, as fears of a trade war fail to subside. Consumer staples have been suffering for a long time now with changing tastes and preferences of consumers and increased competition from online retail giants like Amazon.com, Inc. […]
Reason Software Acquires Filelock to Provide Consumers with the Most Comprehensive Cyber Protection Against Existing and Emerging Threats Company expands cybersecurity product portfolio and specialized development team PR Newswire NEW YORK, June 6, 2018 NEW YORK , June 6, 2018 /PRNewswire/ — Reason Software , a leading cybersecurity software company focused on protecting consumers against existing and emerging security threats, today announced it has acquired Filelock, a Tel Aviv -based, cyber defense company whose solutions protect data from internal and external attacks. Built by offensive security experts from Israel’s elite 8200 military unit, Filelock’s technology was uniquely developed to protect data even after a breach has occurred. The acquisition was a strategic move for Reason to expand its product offerings and deliver 360-degree coverage to consumers around the world, as well as strengthen its engineering capabilities with cybersecurity talent. […]
XL Group Ltd Shareholders Approve Merger Agreement with AXA PR Newswire HAMILTON, Bermuda, June 6, 2018 HAMILTON, Bermuda , June 6, 2018 /PRNewswire/ — XL Group Ltd (“XL Group” or the “Company”) (NYSE: XL) announced today that its common shareholders have approved an agreement for AXA to acquire 100% of XL Group. Total consideration for the planned acquisition would amount to approximately USD 15.3 billion , to be fully paid in cash. […]
Aprio to Expand Virtual Capabilities with Proposed Acquisition of HPC Cloud accounting firm positions Aprio to serve the virtual future PR Newswire ATLANTA, June 6, 2018 ATLANTA , June 6, 2018 /PRNewswire-PRWeb/ — To meet the growing demand by global clients for anytime, anywhere access to financial information to make better and faster business decisions, Aprio, LLP , a full-service CPA-led business advisory firm, has entered into an agreement to acquire HPC, a technology-driven, cloud-based accounting firm with a global footprint. The closing of the transaction is subject to certain contingencies. When completed, the acquisition of HPC, with its strong technology processes and experienced cloud team, will allow Aprio to eliminate time-consuming data entry, which can now be done through automation and machine learning, and significantly enhance its ability to provide clients actionable insights. […]
Herman Miller Leads Group of Investors Acquiring Maars Living Walls, a Worldwide Leader in Interior Wall Solutions – Enhances Herman Miller’s existing offering and adds an important capability within a growing solution segment – Enables more dealers and customers to interact with Herman Miller’s growing product portfolio PR Newswire ZEELAND, Mich., June 6, 2018 ZEELAND, Mich. , June 6, 2018 /PRNewswire/ — Herman Miller, Inc. (NASDAQ: MLHR), the global designer and furniture manufacturer, announced today that it is leading a group of investors to acquire Maars Living Walls (“Maars”), a global designer and manufacturer of standard and customized modular walls. […]
Guidewire Software, Inc. GWRE delivered third-quarter fiscal 2018 non-GAAP earnings of 5 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 1 cent per share. […]
United States Steel Corporation X is set to reopen the second of two blast furnaces at its integrated steelmaking plant, Granite City Works, in Illinois. The company plans to restart the blast furnace around Oct 1. The steel giant said that it will hire roughly 300 workers for the restart that is expected to support the growing demand for steel made in the United States […]
Cory Riverside Energy to be acquired by consortium of long term infrastructure investors PR Newswire LONDON, June 6, 2018 LONDON , June 6, 2018 /PRNewswire/ — A consortium comprising Dalmore Capital, Fiera Infrastructure, Semperian PPP Investment Partners and Swiss Life Asset Managers has agreed to acquire 100% of Cory Riverside Energy from Strategic Value Partners and its affiliates (“SVPGlobal”), EQT Credit, Commerzbank, and other shareholders. Majority owner SVPGlobal first invested in Cory in 2014 and led the company’s financial restructuring in 2015, with the support of EQT Credit and other shareholders. Through the recruitment of a new board and high-performing management team, Cory has been transformed into the leading UK energy-from-waste company with exciting growth prospects […]
Calero Software Acquires United Kingdom-based Veropath Acquisition more than doubles the company’s European-based personnel and expertise supporting Telecom Expense Management for European and Multi-National Clients PR Newswire ATLANTA, Ga. and EDINBURGH, Scotland, June 6, 2018 ATLANTA, Ga. […]
Fortress Biotech, Inc. FBIO could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for FBIO broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness […]
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