Archive for Shawn
(GE) GE Capital’s Telecom, Media and Technology Did $3.7 Billion in Deals in 2012
GE Capital, an operating unit of General Electric Company (GE), recently announced that its Telecom, Media and Technology (TMT) financing business completed 58 deals aggregating $3.7 billion during 2012. The...9Mar2013 | Shawn | Comments Off | Continued
(SWKS) Skyworks Solutions Creates Ripples with SkyOne
Skyworks Solutions Inc. (SWKS), a leading semiconductor manufacturer, recently disclosed that its SkyOne platform has created a buzz in the industry as several OEMs (original equipment manufacturers) and...6Mar2013 | Shawn | Comments Off | Continued
(MCK) McKesson Acquires PSS World Medical
McKesson Corporation (MCK) recently announced that it has completed its previously announced acquisition of PSS World Medical, Inc. McKesson paid $2.1 billion for the acquisition including PSS World...6Mar2013 | Shawn | Comments Off | Continued
(XOM) ExxonMobil Joins PetroChina in Iraqi West Qurna Oilfield Venture
China’s largest oil and gas producer – PetroChina – is interested in joining Texas-based ExxonMobil Corporation (XOM), for the development of West Qurna oilfield in southern Iraq. Both parties are...5Mar2013 | Shawn | Comments Off | Continued
(BAC) Bank of America Launches BankAmericard Better Balance Rewards Card
Bank of America Corporation (BAC) launched a new credit card – BankAmericard Better Balance Rewards card. The card offers customers a reward of up to $100 yearly for efficient management of their credit card...5Mar2013 | Shawn | Comments Off | Continued
(MSFT) Microsoft Office 365 Makes Gains in Healthcare Sector
The world’s largest software maker Microsoft Corp.’s (MSFT) Office 365 is gaining traction in the healthcare sector with organizations such as FHI 360, Gwinnett Hospital System, Kindred Healthcare Inc....5Mar2013 | Shawn | Comments Off | Continued
(EAT) Brinker International Revises Fiscal 2013 Guidance and Long-term Outlook
Brinker International Inc. (EAT) recently revised its guidance for fiscal 2013 and also updated its long-term outlook. Revised Fiscal 2013 Guidance The company now expects that...5Mar2013 | Shawn | Comments Off | Continued
(ABCO) The Advisory Board Company Value Alert
Texas ( Mar. 04, 2013) Wax Ink has issued a No Investment Interest rating for The Advisory Board Company (Nasdaq: ...5Mar2013 | Shawn | Comments Off | Continued
(ABAX) Abaxis Incorporated Value Alert
Texas ( Mar. 04, 2013) Wax Ink has issued a No Investment Interest rating for Abaxis, Inc. (Nasdaq: ...5Mar2013 | Shawn | Comments Off | Continued
(AAWW) Atlas Air Worldwide Holdings Value Alert
Texas ( Mar. 04, 2013) Wax Ink has issued a No Investment Interest rating for Atlas Air Worldwide Holdings, Inc. (Nasdaq: ...5Mar2013 | Shawn | Comments Off | Continued
(KR) Looking Toward Employment Numbers – Earnings Preview
The budget sequester has taken effect, but thankfully everything seems to be just fine. The fourth quarter earnings season is effectively in the books now, though it will still be couple of more weeks before we can officially call an end to the reporting season. The...5Mar2013 | Shawn | Comments Off | Continued
(LCI) UCB In-licenses Parkinson’s Drug
UCB (UCBJF) recently announced that it has licensed exclusive global rights to tozadenant (SYN115) for Parkinson’s disease from Biotie Therapies. The Candidate Tozadenant is an orally administered,...5Mar2013 | Shawn | Comments Off | Continued
(DD) E. I. du Pont de Nemour See Favorable Result for DuPont Teflon
Chemical company E. I. du Pont de Nemours and Company (DD) announced the results of a test, which showed that cookware with Teflon non-stick coatings is more durable and provided superior nonstick food release...5Mar2013 | Shawn | Comments Off | Continued
(CVX) Chevron Conducts Test at St. Malo PS003 Well in The Gulf of Mexico
U.S. oil major Chevron Corporation (CVX) announced that it carried out a production test at St. Malo PS003 well located in the deepwater Gulf of Mexico. The attempt was successful, with oil flow rate reported...5Mar2013 | Shawn | Comments Off | Continued
(MHP) U.S. Domestic Crude Supplies Rise Again
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as imports climbed. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago...5Mar2013 | Shawn | Comments Off | Continued
(PL) Rating Action on Protective Life
As a part of its periodic review exercise, the rating agency A.M. Best Co. has undertaken rating action on the life insurer Protective Life Corporation (PL). Per its action it has reiterated the issuer credit...5Mar2013 | Shawn | Comments Off | Continued
(TXN) Texas Instruments Apps for iPad
Texas Instruments (TXN) or “TI” has launched two new apps: the TI-Nspire App and TI-Nspire CAS App for Apple Inc.’s (AAPL) iPad. TI...5Mar2013 | Shawn | Comments Off | Continued
(CBST) Cubist Pharmaceuticals Sees Encouraging News From FDA
Recently, Cubist Pharmaceuticals Inc. (CBST) received some encouraging news when the US Food and Drug Administration (FDA) designated its antibiotic candidate CXA-201 (ceftolozane/tazobactam) as a qualified...5Mar2013 | Shawn | Comments Off | Continued
(TRW) TRW Automotive Holdings Remains Neutral
On Feb 19, we maintained our Neutral recommendation on TRW Automotive Holdings Corp. (TRW), despite its lower earnings in the fourth quarter of fiscal 2012, based on its innovative technologies, which will...4Mar2013 | Shawn | Comments Off | Continued
(EIX) Edison International to Miss Again?
Edison International (EIX) is slated to release its fourth quarter 2012 financial results after the market bell on Feb 26, 2013. In the last reported quarter, the electric generation and distribution company...4Mar2013 | Shawn | Comments Off | Continued
(IBM) The Cheesecake Factory Adopts IBM’s Solution
International Business Machines Corp (IBM) announced that it has deployed its Big Data analytics solutions at The Cheesecake Factory Inc (CAKE),...4Mar2013 | Shawn | Comments Off | Continued
(CME) CME Group Dips to Underperform
On Feb 27, we downgraded derivative exchange CME Group Inc. (CME) to Underperform based on its weak top-line growth over the last several quarters. Why the Downgrade? Estimates...4Mar2013 | Shawn | Comments Off | Continued
(MA) MasterCard Announces Multiple Deals
Recently, MasterCard Inc. (MA) announced a number of partnerships and product launches. The transactions are aimed at expanding the operations of the company and enhance client base. First, MasterCard...4Mar2013 | Shawn | Comments Off | Continued
(BA) Boeing Gets $3.2 Billion Order
The Boeing Company (BA) has entered into an agreement, worth $3.2 billion, with Air Lease Corporation (“ALC”) to supply 10 units of 777-300 Extended Range (ER) airplanes. Boeing has a long-standing...4Mar2013 | Shawn | Comments Off | Continued
(CAT) Caterpillar to Cut Jobs in Belgium
Caterpillar Inc. (CAT) is contemplating to cut 1,400 jobs at its Belgium plant due to high costs and weak European economy. The plant, located near Charleroi in Belgium, is one of Caterpillar’s largest...3Mar2013 | Shawn | Comments Off | Continued
(VZ) Verizon Communications to Ink Overseas 4G LTE Deal
Verizon Communication Inc. (VZ) – the largest 4G LTE operator in the U.S. — plans to enter into an international roaming agreement for 4G LTE services for the first time since its launch in 2010. The...2Mar2013 | Shawn | Comments Off | Continued
(ALU) Alcatel Lucent Enters into New Ventures
In Mobile World Congress (Barcelona, Spain) Alcatel Lucent (ALU) announced that it has entered into new ventures in India and Iraq. In India, Alcatel-Lucent entered into an agreement with Telnor...2Mar2013 | Shawn | Comments Off | Continued
(CELG) Celgene Plans $600M Share Buyback
Celgene Corporation (CELG) recently entered into an accelerated share repurchase (ASR) agreement with an investment bank. The agreement will allow Celgene to repurchase around $600 million of its common stock....2Mar2013 | Shawn | Comments Off | Continued
(SNY) Sanofi Diabetes Drug Under FDA Review
Sanofi (SNY) recently announced that the US Food and Drug Administration (FDA) has accepted the marketing application of its type II diabetes candidate, lixisenatide. The company is looking to get lixisenatide...2Mar2013 | Shawn | Comments Off | Continued
(HRS) Harris Remains at Neutral
We reiterate our long-term Neutral recommendation on Harris Corp. (HRS) following its mixed financial results in the fourth quarter of fiscal 2013. While earnings per share easily surpassed the Zacks Consensus...2Mar2013 | Shawn | Comments Off | Continued