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(KIM) Kimco Realty Divests Nine Mexican Assets

Recently, Kimco Realty Corp. (KIM) sold 9 assets of its Mexican shopping center portfolio to a local real estate operator for 3.35 billion Mexican pesos ($274 million), which include 573 million Mexican pesos ($47 million) of mortgage...

13Sep2013 | | Comments Off | More

(BA) Boeing Offers More Cashflow to Shareholders

The Boeing Company (BA) has decided to return approximately 80% of cash from its free cash flow to its shareholders via dividends and share buybacks. This decision comes on the heels of the company’s expectation of lower research...

13Sep2013 | | Comments Off | More

(FTE) France Telecom Orange Expands Flexible Computing

France Telecom (FTE) intends to provide a secure end-to-end platform for passing business applications to the cloud infrastructure by expanding Flexible Computing service offering. The company expects to draw benefits like rapid...

13Sep2013 | | Comments Off | More

(NPSP) NPS Pharmaceuticals Prices Offering

NPS Pharmaceuticals, Inc. (NPSP) recently priced a public offering of 6,000,000 shares at $14.53 a share, with a 30-day over-allotment option for an additional 900,000 shares. NPS Pharma expects to raise approximately $87.2 million...

12Sep2013 | | Comments Off | More

(TOT) TOTAL S.A. Gets a New Partner in Congo

Integrated oil and gas company TOTAL S.A. (TOT) and Qatar Petroleum International (QPI) signed an agreement to develop oil projects in Congo. Per the agreement Qatar Petroleum International will acquire a 15% share of Total E&P...

12Sep2013 | | Comments Off | More

(FPO) First Potomac Realty Trust Prices Upsized Offering

First Potomac Realty Trust (FPO) recently priced an equity offering of 6.5 million shares at $14.70 per share as part of its effort to infuse capital and repay debt. The offering was increased from the original number of 6 million...

11Sep2013 | | Comments Off | More

(PRE) A.M. Best Upgrades View on PartnerRe

Ratings agency A.M. Best showed confidence in PartnerRe Ltd. (PRE) as it avowed the credibility of the company and upgraded the outlook to ‘stable’ from ‘negative.’ Accordingly, the ratings agency asserted the debt ratings...

11Sep2013 | | Comments Off | More

(F) Ford Motor’s Fusion Energi Gets Top Safety Rating

The National Highway Traffic Safety Administration (NHTSA) has avowed the five-star Overall Vehicle Score on Ford Motor Co.’s (F) 2013 Ford Fusion Energi. This highest safety rating of the U.S. Government is awarded by the New Car...

10Sep2013 | | Comments Off | More

(IPXL) Impax Laboratories Launches Generic Zomig

Impax Laboratories, Inc. (IPXL) recently announced that it has launched its authorized generic version of AstraZeneca’s (AZN) Zomig (zolmitriptan) tablets and...

10Sep2013 | | Comments Off | More

(EAT) Brinker International Builds Up in Canada

Brinker International Inc. (EAT) is set to buy 11 of its franchised Chili’s restaurants based in Alberta, Canada from Speedy Creek Ltd., which has long been one of its franchisees. The acquisition, which is expected to be carried...

9Sep2013 | | Comments Off | More

(AZN) Data on AstraZeneca’s Naloxegol

AstraZeneca (AZN) recently presented data on naloxegol (25 mg once daily) from two pivotal phase III studies (KODIAC-04 and -05) at the Digestive Disease Week (DDW) meeting. Top-line results from this study were initially presented...

9Sep2013 | | Comments Off | More

(DB) Deutsche Bank AG Issues $1.5 Billion in Notes

Recently, Frankfurt-based Deutsche Bank AG (DB) issued $1.5 billion of subordinated notes that qualify under Tier 2 capital. The notes have a maturity date of May 24, 2028. The issuance of notes is part of the German lender’s newly...

8Sep2013 | | Comments Off | More

(AMZN) Amazon.com’s Kindle Fire HD Gets Apartment Guide App

Apartment Guide has launched an exclusive real estate rental app for Amazon’s (AMZN) Kindle Fire HD. Apartment Guide helps millions of people look for new homes or apartments. It advertises through Internet, mobile, social...

8Sep2013 | | Comments Off | More

(USM) United States Cellular Completes Business Sale – Pays Dividend

United States Cellular Corp. (USM), subsidiary of Telephone & Data Systems Inc. (TDS) has successfully completed its spectrum sale in its Midwest markets to Sprint...

8Sep2013 | | Comments Off | More

(ALL) Allstate Refinances Debt

Taking advantage of the ongoing low interest rates, auto and home insurer – Allstate Corp. (ALL) announced its intention to prepay some debt, which was previously taken at higher rates, by raising funds at lower rates. Accordingly,...

8Sep2013 | | Comments Off | More

(AXP) American Express Shares Hit 52-Week High

On May 21, 2013, shares of American Express Co. (AXP), also known as AmEx, hit a 52-week high of $75.11. The company reported first-quarter results with a positive earnings surprise of 3.6%. AmEx delivered positive earnings surprise...

8Sep2013 | | Comments Off | More

(NVTL) Novatel Wireless Remains Neutral

We reiterate our long-term Neutral recommendation on Novatel Wireless Inc. (NVTL) as we believe that the stock is currently fairly valued. The company posted mixed financial results for the first quarter of 2013. While the total revenue...

7Sep2013 | | Comments Off | More

(EW) Edwards Lifesciences Sees Promising Data on Sapien XT

World’s leading provider of heart valves and hemodynamic monitoring Edwards Lifesciences Corporation (EW) disclosed positive one-year data on Edwards Sapien XT trans-catheter aortic heart valve from the post-approval study in Europe....

7Sep2013 | | Comments Off | More

(XRX) Xerox Maintains Steady Dividend

Business process and document management company Xerox Corp. (XRX) recently declared a dividend of 5.75 cents per share or 23 cents on an annualized basis. The second quarter 2013 dividend is payable on Jul 31 to shareholders of record...

7Sep2013 | | Comments Off | More

(UAL) United Airlines Unveils New Lounge

The wholly owned subsidiary of United Continental Holdings Inc. (UAL) – United Airlines – launched the new United Club in Concourse A at Seattle-Tacoma International Airport. The 6,096-square-foot United Club – the second...

4Sep2013 | | Comments Off | More

(AIG) American International Group Subsidiary to Issue Senior Notes

A wholly owned subsidiary of American International Group (AIG), the International Lease Finance Corporation (ILFC) recently declared that it would issue and sell $550 million of floating rate senior notes with maturity scheduled in...

2Sep2013 | | Comments Off | More

(TTWO) Video Game Sales Plunge in April

Video game retail sales plunged in Apr 2013. According to market research firm NPD, sales decreased 25.0% to $495.2 million from $630.0 million reported in Apr 2012. However, sales in dollar terms were almost half from $992.5 million reported in March and declined massively from $810.0 million reported...

1Sep2013 | | Comments Off | More

(ONCY) Oncolytics Biotech Sees Promising Data on Reolysin

Recently, Oncolytics Biotech Inc. (ONCY) reported positive preliminary results from the US phase II trial (REO 020) evaluating the use of oncology candidate, Reolysin in combination with Bristol-Myers Squibb‘s...

1Sep2013 | | Comments Off | More

(KBR) KBR Secures Another Contract

Recently, KBR Ltd. (KBR) announced that it has received a contract by the Dos Republicas Coal Partnership to provide detailed engineering and technical assistance services for the Eagle Pass Mine near Eagle Pass, Texas. The financial...

1Sep2013 | | Comments Off | More

(FCX) Freeport-McMoRan Copper & Gold and Plains Exploration & Production Merger Gets Shareholder Approval

Mining giant Freeport-McMoRan Copper & Gold Inc. (FCX) said that its proposed takeover of Plains Exploration & Production Company (PXP) has been cleared by...

1Sep2013 | | Comments Off | More

(TWGP) Tower Group International Shares Lowered to Underperform

On May 23, we are downgraded our recommendation on the shares of Tower Group International Ltd. (TWGP) to Underperform from Neutral on account of significant execution risk associated with the recently closed merger with Canopius. Other...

29Aug2013 | | Comments Off | More

(DDR) DDR Corporation Opens New Shopping Center in Charlotte

Recently, DDR Corp. (DDR) announced the opening of a new prime power center – Belgate Shopping Center – in N.C. The shopping center reflects the real estate investment trust (REIT)’s first ground-up domestic expansion in more...

29Aug2013 | | Comments Off | More

(ED) Consolidated Edison in 50-50 Partnership with Sempra

Consolidated Edison (ED) announced it would acquire a 50% stake in two solar farms owned by Sempra U.S. Gas & Power, a subsidiary of Sempra Energy (SRE), under construction...

27Aug2013 | | Comments Off | More

(AA) Alcoa Cuts Energy for Wheels

Alcoa Inc. (AA) announced that its Alcoa Wheel and Transportation Products casthouse expansion at Barberton, Ohio, facility is expected to cut down half of the total amount of energy that is used to recycle aluminum for forged wheels....

27Aug2013 | | Comments Off | More

(PNR) Pentair Reaches 52-Week High

Shares of Pentair Ltd. (PNR) reached a new 52-week high of $58.59 on Tuesday, May 21, 2013. The new high was primarily driven by the company’s ability to consistently raise dividends and expected benefits from integration and standardization...

27Aug2013 | | Comments Off | More