Month: December 2019

Canadian Solar Inc. CSIQ recently completed the divestment of an operating solar power plant in Izu-shi, Shizuoka Prefecture of Japan to Canadian Solar Infrastructure Fund (CSIF) for $42.1 million. The solar plant, powered by 30,202 Canadian Solar KuMax modules, boasts a generating capacity of 10.8 megawatt-peak (MWp) […]

Wall Street suffered a setback on the first trading day of December after completing an impressive November. On Dec 2, the three major stock exchanges — the Dow, the S&P 500 and the Nasdaq Composite — declined 0.9%, 0.8% and 1.1%, respectively. Uncertainty about an interim trade deal with China and renewed tariff war with Latin American and European countries pushed indexes in the negative territory […]

Choice Hotels International, Inc. CHH continues to expand through franchise agreements. […]

Hyatt Hotels Corporation H consistent efforts to expand its presence worldwide and capitalize on demand for hotels in international markets are commendable. The company announced that it plans to add more than 20 new luxury hotels and resorts to its portfolio by the end of 2020. The company will open new hotels under the Park Hyatt, Andaz, Alila, Grand Hyatt, Miraval and The Unbound Collection by Hyatt brands […]

The U.S manufacturing sector has been contracting for four consecutive months amid the U.S.-Sino trade turbulence and weakening business conditions. Per the Institute for Supply Management’s latest report, the U.S Purchasing Managers’ Index (PMI) dipped further to 48.1% in November 2019 from the October reading of 48.3%. The PMI reading had been showing signs of deceleration since this April but had remained above 50, which denotes expansion […]

Gol Linhas Aereas Inteligentes S.A . GOL attained record-high sales for a Black Friday campaign. In just 24 hours, the company sold more than 450,000 tickets for travel during the December 2019-June 2020 period, registering a sale of more than R$120 million […]

Dycom Industries, Inc. DY has been riding high on strengthening telecommunication business, strong backlog and consistent contract flows. The company’s strong financial position and diligent operational execution also helped it to deliver stellar performances in the last few quarters. […]

Moody's Investors Service, a rating arm of Moody's Corporation MCO , has affirmed the debt and deposit ratings of Credit Suisse Group AG CS and subsidiaries. The Swiss bank's senior unsecured debt ratings have been affirmed at Baa2 and long-term senior unsecured debt and deposit ratings of its principal bank subsidiary, Credit Suisse AG has been maintained at A1. […]

Vornado Realty Trust VNO recently announced that its 20.1% owned joint venture has accomplished refinancing of an $800-million loan for 650 Madison Avenue. The interest-only loan carries a fixed rate of 3.486%. The move is a strategic fit as it helps boost the company’s financial position. […]

The U.S. stock market has been doing pretty good lately, having only climbed north so far this fall. The rally helped the broader S&P 500 rise more than 9% between Oct 2 and the end of November. […]

Lithia Motors, Inc. LAD , on Dec 2, priced an offering of $400 million in total principal amount of 4.625% senior notes, due 2027. This private offering, exempt from the registration requirements of the Securities Act of 1933, is anticipated to close on Dec 9, subject to customary closing conditions […]

Newmont Goldcorp Corporation NEM has provided its 2020 and long-term views. The company expects attributable gold production of 6.7 million ounces for 2020. Gold production is projected in the range 6.5-7 million ounces in the long-term through 2024, which is expected to be supported by a steady base from Tanami, Boddington, Ahafo, Penasquito and the Nevada Gold Mines joint venture […]

HMS Holdings Corp. HMSY is well poised for growth on the back of strong Payment Integrity Solutions and Total Population Management, and solid margins. However, high debt continues to be a concern. […]

Juniper Networks, Inc. JNPR recently announced that it has been selected by Orange Poland, a leading Polish telecommunication provider, to amplify the resilience and automation capabilities of its IP network core. Financial terms of the deal remained undisclosed […]