Month: July 2018

Equinor ASA EQNR recently announced its plans of investing around 7.8 billion kroner ($936 million) for developing the huge offshore Troll field on the Norwegian continental shelf. The move is expected to enable the company to supply energy to the European market through 2050. Moreover, the company agreed to acquire 10% interest in Brazil’s Santos basin’s BM-S-8 license […]

PayPal Holdings, Inc. PYPL has announced the conclusion of the sale of its consumer credit receivables to Synchrony Financial SYF . The latest divestiture is in sync with PayPal’s “asset light” strategy. […]

Craft beer, which till some time back was a favorite with Americans, seems to be losing its appeal. According to market research firm IRI Worldwide, craft beer growth slowed in the first half of 2018 and the rest of the year doesn’t look good either. Moreover beer shipments from U.S. […]

American Water Works Company AWK announced that its subsidiary, Pennsylvania American Water has received directive from the Pennsylvania Public Utility Commission (PUC) to pass on the tax savings benefits resulting from the implementation of the Tax Cuts and Jobs Act (TCJA) to customers. The new act became effective Jan 1, 2018 and lowered the corporate tax rate from 35% to 21%. This move will lead to reduction of about $47 million annually in the federal income tax that Pennsylvania American Water will pay to the government. […]

Harmonic Inc. HLIT recently announced that TF1 — a major French TV channel — has selected its Ultra HD (UHD) contribution and distribution solution for broadcasting purpose. Harmonic's platform will enable TF1 to deliver live UHD coverage of popular sports events directly to French service providers. […]

Shares of healthcare company Juniper Pharmaceuticals, Inc. JNP jumped by about 31.6% after the company entered into a definitive agreement with Catalent, Inc. CTLT , as per which Catalent will acquire all of the outstanding shares of Juniper at a price of $11.50 per share in cash […]

Alibaba ’s BABA cloud computing arm has unveiled EMEA Ecosystem Partner Program in an attempt to improve offering in the EMEA region. The company aims at providing enhanced cloud services on the back of its cutting-edge technology to create a powerful and comprehensive cloud ecosystem. This will aid in strengthening the connection between Alibaba Cloud customers and the regional partners […]

Lockheed Martin Corp. ’s LMT Gyrocam Systems business unit recently clinched a contract involving the production and delivery of spare parts for the AN/VSQ-6B Vehicle Optics Sensor system (VOSS). […]

Per a Bloomberg report, Ryanair Holdings PLC RYAAY will encounter its first-ever pilot strike next week in the home market of Ireland over its alleged failure to meet demands regarding new working practices. The Irish Air Line Pilots’ Association (IALPA) representing Ryanair pilots stated that a polling by the carrier’s cockpit crew members resulted in a 94 to 1 vote in favor of industrial action including strikes. The walkouts are scheduled to be staged on Jul 12. […]

Stericycle, Inc. SRCL stock has rallied 11% in the past three months, significantly outperforming the industry ’s gain of 0.5%. […]

On Jul 3, the Commerce Department reported that the U.S. factory orders for the month of May rebounded and entered the positive territory following a stiff decline in April. The increase in May marked the third rise in the past four months. […]

SEI Investments Co. SEIC boasts a diversified product and revenue mix as well as a strong global presence. Also, enhanced capital deployment activities boost investors’ confidence […]

On Jul 5, we issued an updated research report on WestRock Company WRK . Favorable demand price and mix trends across paper and packaging businesses will drive the company’s fiscal 2018 results. Execution of its capital allocation strategy and the acquisition of KapStone Paper and Packaging Corporation KS , once complete, will drive growth. […]

Emerson Electric Co. EMR is a promising investment option at the moment. The company currently holds a Zacks Rank #2 (Buy) and has a VGM Score of B. […]

CBRE Group Inc. CBRE offers a broad range of real estate products and services, and has extensive knowledge of domestic and international real estate markets. The company’s market-leading position will help it to capitalize on commercial real estate tailwinds. […]

BCE Inc. BCE recently announced that its wholly-owned subsidiary, Bell Canada, has secured a multi-year contract to operate Alberta SuperNet — a government-led broadband initiative. […]

KBR, Inc KBR has secured a contract from Haifa Chemicals Ltd to modify a nitric acid plant in Mishor-Rotem, Israel. Haifa Chemicals’ nitric acid plant is being revamped to meet the stricter environmental regulations. Contract Details Per the contract, a wholly-owned subsidiary of KBR — Weatherly, Inc — will design, supply and commission a complete system for the Selective Catalytic Reduction (“SCR”) of nitrogen oxides along with additional catalyst beds for N2O and NH3 slip abatement […]

Jacobs Engineering Group Inc. JEC has been selected for AusNet Services' Regulated Energy Services panel for engineering and design work associated with regulated transmission and distribution assets. This three-year contract incorporates both greenfield and brownfield asset upgrades, infrastructure replacements, and the delivery of new energy infrastructure in an evolving and innovative sector […]