Month: September 2018

TOTAL S.A. TOT has entered in an agreement with Chevron Corporation CVX to acquire all the share capital of its arm Chevron Denmark Inc., which holds 12% interest in the Danish Underground Consortium (“DUC”), 12% interest in Licence 8/06, and 7.5% interest in the Tyra West pipeline. The deal is subject to approvals from other existing partners of DUC and from the relevant authorities. […]

An antitrust lawsuit filed against six major banks — The Goldman Sachs Group GS , JPMorgan Chase & Co JPM , Bank of America Corp BAC , Credit Suisse Group AG CS , Morgan Stanley MS and UBS Group AG UBS — in August 2017, received a U.S. District Judge’s approval on Thursday. […]

On Sep 27, the Department of Commerce reported that the U.S. durable goods orders for the month of August rebounded following a stiff decline in July. […]

At times, it is prudent to hold on to certain stocks that have enough potential but are weighed down by tough market conditions. Oracle Corporation ORCL seems to be one such stock, which investors should retain if they are looking to reap long-term benefits. Though the stock is facing a few headwinds at the moment, these are transitory in nature. […]

Amazon AMZN is leaving no stone unturned to bolster its presence in the global cloud market on the back of its strengthening cloud platform, Amazon Web Services (“AWS”). Reportedly, AWS won a contract from Iridium Communications IRDM to develop a satellite-based network called CloudConnect for Internet of Things (IoT) applications. Per the partnership, Iridium will be leveraging AWS’ robust IoT services to build its new network service […]

International Business Machines Corporation ’s IBM Services were recently selected by Banco Inter. Notably, Banco Inter has been touted as Brazil's "first fully digital bank". With the collaboration, the Brazilian bank attempts to make migration of its workplace platform to Apple’s AAPL Mac Operating System (“OS”) seamless. […]

Facebook FB recently unveiled the In-Stream Reserve program and ThruPlay, two new video ad products on its platform. With the In-Stream Reserve, companies can choose to advertise on the most popular videos on Facebook. This program also provides companies with the choice of types of videos on which they wish to put their ads […]

Over the past five trading days, major banks’ performance was dismal despite the Federal Reserve increasing the interest rates for the third time this year. The rate now stands at 2-2.25%, the highest level in a decade. […]

On Sep 27, we issued an updated research report on Lindsay Corporation LNN . A lackluster agricultural market in North America continues to hamper the company’s performance. Elevated costs and tariffs on steel prices also remain concerns […]

Amazon.com Inc. AMZN is going great guns with the global expansion of its music streaming service. […]

Recently, merger of BOK Financial Corporation BOKF and Denver-based CoBiz Financial Inc. COBZ , announced in June 2018, received approval of shareholders of the latter. However, most of the shareholders voted against the “golden parachute” compensation to be paid to top five executives of CoBiz Financial, post merger, per the SEC filing […]

Recently, Chart Industries, Inc. GTLS announced that it has inked a definite agreement to acquire the premium diversified multinational company — VRV s.p.a. and its subsidiaries (“VRV”) — for roughly $147 million. […]

Simon Property Group, Inc. SPG recently unveiled Denver Premium Outlets in the greater Denver area. The 330,000-square-foot outlet, situated at I-25 and 136th Avenue in Thornton, CO, is expected to provide a seamless shopping experience to residents of the region […]

Destaco, a unit of Dover Corporation DOV , has introduced TCC-2E Series Tolerance Compensation Clamps to provide innovative clamping solution for the automotive, aircraft and consumer goods industries. Notably, the TCC-2E model offers flexibility in welding and assembly applications which require the clamping of components of different thicknesses or tighter tolerances. Also, it will significantly improve the setup and changeover times of production lines by eliminating the need to manually adjust clamps. […]