Author: Devin Weiss

China’s top offshore oil producer CNOOC Ltd. (CEO) is seeking assistance from foreign companies to develop 26 offshore blocks – estimated to span 73,754 square kilometers – in the South China Sea, East China...

Bank of America Corporation (BAC) failed to complete a large number of mortgage modifications under the $25 billion settlement deal. This was stated in a report presented by the official, scrutinizing the foreclosure settlement...

The world’s largest oilfield services provider, Schlumberger Limited (SLB) has launched an instrumented wire line intervention service, ReSOLVE. The service will monitor and reduce intervention cost through control over...

Starwood Hotels & Resorts Worldwide, Inc. (HOT) recently announced the opening of its first hotel – Aloft Asheville Downtown – under its Aloft brand in Asheville, North Carolina. The hotel, which marked the 60th...

On Wednesday, The Bank Of Nova Scotia (BNS), popularly known as Scotiabank, announced a deal to purchase ING Direct Canada – the Internet banking division of ING Bank of Canada, a unit of ING Groep NV (ING) – for...

American Campus Communities, Inc. (ACC), a real estate investment trust (REIT), recently acquired a student housing community named The Block, located in close proximity to the University of Texas in Austin, for an undisclosed...

Airgas, Inc. (ARG) recently announced the launch of Airgas SmartTag – the first visual identification system within the industry for managing cylinder gas expiration. Airgas SmartTag is a small, microprocessor-controlled...

Taking into account Suncor Energy Inc’s (SU) operational and cost issues, we have recalibrated our investment thesis on the energy explorer to Underperform from Neutral. Calgary, Alberta-based Suncor is Canada’s...

Just a few days after reporting disappointing phase III data on its Alzheimer’s candidate, Eli Lilly and Company (LLY) recently announced that it is shelving its plans for the phase III development of its schizophrenia...

Statoil ASA (STO) has ramped up the Norwegian Barents exploration campaign and raised its Arctic technology research budget by threefold. As of now, Statoil’s exploration venture in the Barents – located in the...