We are maintaining our long-term Neutral recommendation on France Telecom S.A. (FTE) following first half 2012 earnings results. Despite healthy performances in Spain and the emerging markets, revenue and profits in the first...
Read MoreGoogle Inc. (GOOG) plans to sell off the Motorola Mobility business unit that manufactures set-top boxes and other home-networking gear, according to Bloomberg. Google shares rose 1.6% to $688.01, at the close of trading...
Read MoreWe reiterate our Neutral rating on Mindray Medical International Limited (MR). Its second-quarter 2012 adjusted (excluding one-time expenses other than stock-based compensation expense) earnings per share of 45 cents beat the...
Read MorePerceived as one of the safest investment avenues across the globe, U.S. Treasuries (especially the long dated ones) have witnessed a significant rally in the past one year, mainly thanks to the Eurozone debt crisis and a...
Read MoreAccording to the data released by RealtyTrac, total number of foreclosed properties sold in the second quarter of 2012 decreased 12% from the prior quarter and 22% from the prior-year quarter to 224,429 properties. This was the...
Read MoreWorld’s largest distributor of electronic components and enterprise computing products Arrow Electronics, Inc. (ARW) recently declared its decision to acquire Redemtech, Inc. (Redemtech). The acquisition, subject to...
Read MoreTiVo Inc (TIVO) reported dismal second quarter 2013 results. Although the loss per share of 23 cents was in line with the Zacks Consensus Estimate, revenue was slightly short of the consensus mark of $67.0 million. Quarter...
Read MoreA mix of inline domestic and weak international data provides the backdrop for Bernanke’s Jackson Hole speech on Friday. On the home front, the Personal Income & Spending data for July was roughly in-lline with...
Read MorePenske Automotive Group Inc. (PAG), on August 28, reported the completion of the previously announced offering of $550 million of 5.75% senior subordinated notes due 2022. The offering was made to qualified institutional buyers...
Read MoreTerex Corporation (TEX) will redeem $300 million senior notes bearing an interest rate of 10-7/8% and maturing in 2016. The redemption of the notes, issued in May 2009, will be effective on September 28, 2012. Terex decided to...
Read More
