Month: August 2019

Hilton Worldwide Holdings Inc. HLT recently announced the expansion of its All Suits Brands that includes Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites in the airport and urban locations. Currently, Hilton's brands have nearly 1,075 open properties, where the company opened 33 properties in second-quarter 2019, comprising nine in key airport and downtown areas, two dual-brands, and two Canadian openings […]

Apple AAPL is set to host its keynote annual event on Sep 10 at Steve Jobs Theater in Apple Park in Cupertino, CA. Per a Reuters report , the invitation depicted a five colored logo of the company, hinting at the widely expected launch of three new iPhone handset models in various colors. […]

In a bid to strengthen its Freight Forwarding and Brokerage capabilities in the Latin American market, FedEx FDX agreed to acquire Colombian freight forwarder, Cargex, and its affiliate Agencias de Aduanas Aduanamos S.A. Nivel 2. Headquartered in Bogota, Cargex has a vast experience in the field of export management of perishable goods. […]

Abercrombie & Fitch Co. ANF incurred narrower-than-expected loss in second-quarter fiscal 2019. […]

Big Lots, Inc. BIG second-quarter fiscal 2019 marked the third straight quarter of positive earnings surprise. […]

In an intensely competitive Restaurant industry, Restaurant Brands International Inc. QSR has done exceedingly well and emerged as an attractive investment option. This is quite evident from the stock’s performance year to date […]

MoneyGram International Inc. MGI recently entered into a new collaboration with HD Bank in Vietnam to provide customers with an easy and seamless home delivery service. By combining HD Bank with the current home delivery chain of MoneyGram in Vietnam, recipients will be able to get their money safely at their doorsteps […]

Magellan Midstream Partners, L.P. MMP recently announced that it will expand the capacity of its Saddlehorn pipeline system. Currently, Saddlehorn pipeline has a capacity of carrying 190,000 barrels per day (bpd) of crude oil and condensate […]

Dell Technologies DELL reported second-quarter fiscal 2020 net income of $1.75 billion that surged 39.1% year over year. Non-GAAP earnings were $2.15 per share. […]

AstraZeneca PLC AZN announced positive top-line results from the second phase III study on its human monoclonal antibody anifrolumab, currently under development for treating adult patients with moderate-to-severe systemic lupus erythematosus (SLE). The TULIP 2 study met the primary endpoint as treatment with anifrolumab showed a statistically-significant and clinically-meaningful reduction in disease activity compared to placebo with both arms receiving standard of care medicines. […]

Laboratory Corporation of America Holdings LH , popularly known as LabCorp, recently announced that its Covance Drug Development arm launched a laboratory solution within its functional service provider (FSPx) portfolio. This new laboratory data management FSPx will cater to the pharmaceutical and biotechnology customers. LabCorp, one of the major players in the global healthcare contract research organization (CRO) business, has been offering FSP services through Covance to its customers for more than 30 years now […]

Tech Data Corporation TECD reported top and bottom-line beat in second-quarter fiscal 2020, which marked the fourth straight quarter of earnings beat. Further, results reflected sales beat for the company after two consecutive misses. […]

Campbell Soup Company CPB has released fourth-quarter fiscal 2019 results, wherein the bottom line surpassed the Zacks Consensus Estimate. Its sales improved year over year, backed by gains from the Snacks business. Moreover, the company provided an optimistic view for fiscal 2020. […]

Hess Corporation HES recently announced the arrival of Liza Destiny — an oil production vessel — at the Stabroek Block, offshore Guyana. Notably, this is Guyana’s first floating, production, storage and offloading vessel. […]

This week, J&J JNJ received an unfavorable ruling in the litigation related to abuse of its opioid-based drugs. The FDA granted approval to Lilly’s LLY psoriasis injection for active ankylosing spondylitis (AS) while the European Commission approved Bristol-Myers’ BMY multiple myeloma drug, Empliciti and Roche’s RHHBY PD-L1 inhibitor, Tecentriq in combination use for an expanded patient population. […]

European Union’s (EU) anti-trust regulatory activities have been dealing a severe blow to U.S. technology companies. The flurry of investigations related to data privacy, anti-competition practices and tax avoidance have been taking a toll on these companies since quite some time now […]

Republic Services RSG has gained 24% on a year-to-date basis compared with the 23.5% rise of the industry it belongs to and 13.5% rise of the Zacks S&P 500 composite. The company has a long-term expected earnings per share (three to five years) growth rate of 9%. Moreover, earnings are expected to register 5.2% growth in 2019 and 9.9% in 2020. […]