Mergers & Acquisitions

Las Vegas Sands Closes $1.3 Billion Sale of Sands Bethlehem

Las Vegas Sands Closes $1.3 Billion Sale of Sands Bethlehem PR Newswire LAS VEGAS, May 31, 2019 LAS VEGAS , May 31, 2019 /PRNewswire/ — Las Vegas Sands Corp. (NYSE: LVS) announced today that the company has completed the sale of Sands Bethlehem in Pennsylvania. Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama , purchased the property for a total enterprise value of $1.3 billion . […]

Mergers & Acquisitions

Echelon Financial Holdings and CAA Club Group Announce Closing of Sale of Echelon Insurance

Echelon Financial Holdings and CAA Club Group Announce Closing of Sale of Echelon Insurance Canada NewsWire MISSISSAUGA, ON and RICHMOND HILL, ON, May 31, 2019 MISSISSAUGA, ON and RICHMOND HILL, ON , May 31, 2019 /CNW/ – Echelon Financial Holdings Inc. (” EFH ” or the ” Company “) (TSX: EFH) and CAA Club Group (” CAA “) are pleased to announce today that they have completed the previously announced sale of Echelon Insurance, the Company’s main operating subsidiary that is incorporated under the Insurance Companies Act, and the unregulated warranty business held directly by EFH to CAA (the ” Sale Transaction “). […]

Stock Analysts

Here’s Why You Should Hold on to Phillips 66 (PSX) Stock Now

Phillips 66 PSX is well poised to grow on the back of robust midstream infrastructure demand and solid prospects in the marine fuels market. For second-quarter 2019, the company’s earnings per share projection increased from $2.28 to $2.36 in the past 60 days. The stock witnessed positive estimate revision from two firms in the said period […]

Stock Analysts

Tech Data (TECD) Q1 Earnings Beat Estimates, Increase Y/Y

Shares of Tech Data Corporation TECD increased roughly 6% during the trading session on May 30, following the first-quarter fiscal 2020 results, which marked the third straight quarter of earnings beat. The company’s bottom line also registered double-digit growth year over year despite a decline in the top line. This increase can be attributed to lower costs of products sold and reduced operating expenses. […]

Mergers & Acquisitions

Liberty Mutual Insurance Completes Acquisition of the U.S. Surety Operations of AmTrust Financial Services

Liberty Mutual Insurance Completes Acquisition of the U.S. Surety Operations of AmTrust Financial Services PR Newswire BOSTON, May 31, 2019 BOSTON , May 31, 2019 /PRNewswire/ — Earlier today, Liberty Mutual Insurance announced the completion of the acquisition of the business and operations of AmTrust Surety, the U.S. surety operations of AmTrust Financial Services, Inc., following satisfaction of customary closing conditions. […]

Mergers & Acquisitions

Apptio, Inc. Completes Acquisition of Cloudability

Apptio, Inc. Completes Acquisition of Cloudability PR Newswire BELLEVUE, Wash., May 31, 2019 BELLEVUE, Wash. , May 31, 2019 /PRNewswire/ — Apptio , Inc., software that fuels digital transformation, today announced that it has completed the acquisition of Cloudability, Inc., the market leader in multi-cloud financial management […]

Stock Analysts

Epizyme’s NDA for Tazemetostat Eyes Epithelioid Sarcoma Cure

Epizyme, Inc. EPZM announced that it has submitted a new drug application (NDA) for an accelerated approval of its lead pipeline candidate, tazemetostat, to the FDA. The NDA seeks a nod for the candidate to treat patients with metastatic/advanced epithelioid sarcoma (ES), who are not eligible for curative surgery. […]

Technicals

Why Harris Corporation (HRS) Stock Might be a Great Pick

One stock that might be an intriguing choice for investors right now is Harris Corporation HRS . This is because this security in the Wireless Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. […]

Technicals

Why Hess Corporation (HES) Stock Might be a Great Pick

One stock that might be an intriguing choice for investors right now is Hess Corporation HES . This is because this security in the Oil and Gas – Integrated – United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board […]

Stock Analysts

Alibaba With Vmate to Bolster Presence in Indian Video Space

In a bid to strengthen its Indian footprint, Alibaba BABA is now eyeing the country’s video market. This is evident from its latest move wherein it has reportedly invested $100 million in its own subsidiary — UCWeb’s — social video app called Vmate. Notably, Vmate is a video app, popular for its short video sharing service. […]

Stock Analysts

Amazon (AMZN) Ups Its Cloud Game With Kafka Supported Service

In a bid to strengthen its cloud space presence, Amazon ’s AMZN cloud computing arm is focusing on enhancing its open-source streaming services offering. Amazon Web Services (“AWS”) made its fully-managed service — Amazon Managed Streaming for Apache Kafka (Amazon MSK) — generally available to its customers. Notably, Apache Kafka, an open-source stream-processing software platform, is used for building real-time data pipelines and streaming apps. […]