Mergers & Acquisitions

Elior Group Acquires Bateman Community Living in the USA

Elior Group Acquires Bateman Community Living in the USA PR Newswire PARIS, July 2, 2018 PARIS , July 2, 2018 /PRNewswire/ — Elior Group, one of the world’s leading operators in the contracted food industry, has signed a definitive agreement to acquire Bateman Community Living, a division of Compass Group, expanding the Group’s position in the United States in senior nutrition. (Logo: https://mma.prnewswire.com/media/650125/Elior_Group_Logo.jpg ) In operation for more than 30 years, Bateman Community Living operates exclusively in the seniors delivered food market providing meals to seniors either at home or in congregate settings. […]

Mergers & Acquisitions

Scan Global Logistics Expands in Australia

Scan Global Logistics Expands in Australia We are pleased to announce that effective July 2, 2018 Scan Global Logistics Australia acquires the Australian based freight forwarder Kestrel Freight & Customs Pty Ltd. PR Newswire STOCKHOLM, July 2, 2018 STOCKHOLM , July 2, 2018 /PRNewswire/ — The acquisition of Kestrel Freight & Customs Pty Ltd. (Kestrel) effective July 2, 2018 provides Scan Global Logistics Pty […]

Stock Analysts

Should Value Investors Consider Amgen (AMGN) Stock Now?

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process […]

Stock Analysts

PAYX or BR: Which of These is a Better Outsourcing Stock?

Outsourcing is the business of transferring the control of certain operations, services or processes (which were previously done by the company’s internal staff and resources) to external resources or third-party contractors. A company may choose to outsource its operations for several reasons such as to reduce and control operating costs, increase focus on its core business competencies, thereby improving efficiency, strengthening its market share and getting access to better external resources. […]

Stock Analysts

AT&T to Settle ‘911’ Call Outages Investigation With FCC

In order to settle an investigation relating to two call outages in 2017 to emergency number 911, AT&T Inc. T has decided to pay a fine of approximately $5.3 million to the Federal Communications Commission (“FCC”). The company has also pledged to take corrective actions to avoid recurrence of the incidents that have hurt its credibility. […]

Stock Analysts

Discover Financial to Return More Capital, Passes Stress Test

Discover Financial Services DFS recently announced that it has been notified by the Board of Governors of the Federal Reserve System that the regulatory body has no objections to the company’s capital actions through Jun 30, 2019. Per the company’s capital plan, it would increase its next quarterly dividend from 35 cents to 40 cents per share of common stock. During the four quarters ending Jun 30, 2019, it has also approved a share repurchase of up to $1.85 billion, reflecting its commitment to generate long-term value for shareholders. […]

Stock Analysts

Western Digital Unveils New Data Center Storage Solutions

Western Digital WDC recently expanded its data center solutions portfolio. The company announced the new ActiveScale5.3 object storage system, Ultrastar Serv60+8 hybrid storage server platform and new enhancements to its IntelliFlash N Series family. Emerging applications including the likes of Artificial Intelligence (AI), Internet of Things (IoT), and machine learning (ML) tools call for a robust storage system. […]

Stock Analysts

CNX to Lower Debts, Buy Back Shares With Asset Sale Proceeds

CNX Resources Corporation CNX announced that it has entered in an agreement with Ascent Resources-Utica, LLC to sell its 50% interest in Ohio Utica joint venture (JV) assets to the latter for $400 million. CNX Resources’ Utica shale JV was formed with Hess Corporation HES and the latter, in a separate agreement, decided to sell its 50% interest in the JV to Ascent Resources for $400 million. […]

Stock Analysts

Here Is Why You Should Bet on Vishay Intertechnology (VSH)

On Jun 29, 2018, Vishay Intertechnology VSH was upgraded to Zacks Rank #1 (Strong Buy). Vishay is firing on all cylinders. The company is benefiting from strong adoption of its products in varied sectors like industrials, automotive, computing, telecommunications, military technology and medical industries, among others. […]