Stock Analysts

Tesla (TSLA) Announces Q2 Production & Delivery Numbers

Tesla, Inc. ’s TSLA vehicle production has reached a historic level in the second quarter of 2018, making it the most-productive three-month period. During the reported quarter, the company witnessed 55% sequential rise in production, to 53,339 vehicles, with Model 3 production rising almost three times from the prior quarter […]

Stock Analysts

SeaDrill Emerges From Bankruptcy, Shares Sink to 52-Week Low

SeaDrill Limited SDRL recently announced that it has successfully completed restructuring and emerged from the Chapter 11 bankruptcy process which was launched last year. Notably, post the announcement, shares of the offshore drilling rig contractor touched a 52-week low of 10 cents during the trading session on Jul 2. It should not come as a surprise that its shares have plunged more than 50%, since the company had already warned that post restructuring, investors will be receiving minimal recovery from their existing shares. […]

Stock Analysts

NYSE Delists Yingli Green Energy: 3 Solar Stocks to Buy

New York Stock Exchange ( NYSE ) delisted Yingli Green Energy’s American Depository Shares (ADS) on Jun 29, which have started trading on the OTC Pink since yesterday with the symbol YGEHY. This marked the exit of yet another Chinese solar stock from the U.S. stock exchange, a trend we have been witnessing for more than a year. […]

Stock Analysts

Adamis (ADMP) Surges Following Novartis Deal for Symjepi

Shares of Adamis Pharmaceuticals ADMP surged 50% after the company announced that it entered into an exclusive distribution and commercialization agreement for its Symjepi (epinephrine) with Swiss pharma giant Novartis’ NVS generic arm, Sandoz. Terms of the Agreement Per the agreement, Sandoz will own the commercial rights to Symjepi in the United States, in exchange for an upfront fee and potential performance-based milestone payments. Both companies will share the profits equally. […]

Stock Analysts

Crown Holdings (CCK) Stock Declines 20% YTD: Here’s Why

Shares of Crown Holdings, Inc. CCK have lost 20% so far this year, underperforming its industry 's decline of 8%. Reasons Behind the Lackluster Price Performance In the first quarter, Crown Holdings’ total debt increased to $7,810 million compared with $5,243 million as of the year-ago quarter end. […]

Mergers & Acquisitions

Marathon Petroleum Corp. and Andeavor announce expiration of HSR Act waiting period

Marathon Petroleum Corp. and Andeavor announce expiration of HSR Act waiting period PR Newswire FINDLAY, Ohio and SAN ANTONIO, July 3, 2018 FINDLAY, Ohio and SAN ANTONIO , July 3, 2018 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with the proposed transaction whereby MPC would acquire all of Andeavor’s outstanding shares […]

Mergers & Acquisitions

CertainTeed Corporation Signs Agreement to Purchase Hunter Douglas’ North American Ceilings Business

CertainTeed Corporation Signs Agreement to Purchase Hunter Douglas’ North American Ceilings Business PR Newswire MALVERN, Pa., July 3, 2018 MALVERN, Pa. , July 3, 2018 /PRNewswire/ — CertainTeed Corporation today announced that it has entered into an agreement to purchase Hunter Douglas’ North American ceilings business. Hunter Douglas is the world leader in window coverings, and is also a major manufacturer of architectural products […]

Mergers & Acquisitions

Scotiabank completes the acquisition of Citibank’s Consumer and SME operations in Colombia

Scotiabank completes the acquisition of Citibank’s Consumer and SME operations in Colombia Canada NewsWire TORONTO, July 3, 2018 TORONTO , July 3, 2018 /CNW/ – Scotiabank announced today that is has completed the acquisition of Citibank Colombia’s consumer (retail and credit cards) and small and medium enterprise (“SME”) operations through Scotiabank Colpatria S.A. (the “Bank”), its Colombian subsidiary, effective June 30, 2018 . […]

Mergers & Acquisitions

SCIO Health Analytics Culminates 10 Years of Innovation with Announcement of Acquisition by EXL

SCIO Health Analytics Culminates 10 Years of Innovation with Announcement of Acquisition by EXL Combined resources help broaden healthcare footprint of both organizations while deepening analytics capabilities PR Newswire WEST HARTFORD, Conn., July 3, 2018 WEST HARTFORD, Conn. , July 3, 2018 /PRNewswire/ — SCIO Health Analytics announced that it completed its sale to EXLService Holdings. […]

Stock Analysts

Americans to Set Travel Record on Independence Day: 5 Picks

A record number of Americans are ready to take to the roads, skies, rails and waterways to celebrate Independence Day this year. Such a spike in travel is being backed by rising income levels and higher consumer confidence. Given the near-term surge in travel demand, investing in leisure and recreational service provider seems judicious. […]