Author: Devin Weiss

Strategic Hotels & Resorts, Inc. (BEE), a real estate investment trust (REIT), recently announced that it has signed an agreement with Dubai Investment Group to acquire Essex House Hotel for approximately $362.3 million. The...

With the CE Mark approval based on the results from the ASAP (ASA Plavix) study, Boston Scientific’s (BSX) Watchman Left Atrial Appendage (“LAA”) Closure Device can now be used to treat an expanded patient...

We retain our Neutral recommendation on ACE Limited (ACE), following its second quarter performance. Operating earnings in the second quarter outperformed the Zacks Consensus Estimate and the year-ago earnings, benefiting...

Verizon Wireless has received the approval from the Federal Communications Commission (FCC) to purchase $3.9 wireless spectrum from a group of cable companies. Verizon Wireless is a joint venture between Verizon Communications...

General Motors Company’s (GM) ill-fated European arm Opel has decided to cut work hours of thousands of workers at two of its four plants in response to a sluggish demand for cars in the troubled Europe. The company will...

FUJIFILM Holdings Corporation (FUJIY) recently announced acquisition of the Business Process Outsourcing (BPO) division of Salmat Limited, the largest business service provider in Australia. The company had to shell out AU$375...

One of China’s largest petrochemical companies, Sinopec Shanghai Petrochemical Company Limited (SHI) announced first half 2012 net loss of RMB 1.1 billion or RMB 0.160 per diluted share, compared to net profit of RMB 1.4...

Amazon.com Inc.(AMZN) announced a content licensing agreement deal with NBCUniversal Cable & New Media Distribution Paramount Pictures, extending the archive of films currently available on its streaming video site, Amazon...

Williams-Sonoma, Inc. (WSM), a well-known specialty retailer of home products, reported adjusted earnings (excluding one-time items) of 43 cents per diluted share in the second quarter of fiscal 2012, up 16% from the comparable...

We have reiterated our long-term ‘Underperform’ recommendation on Westamerica Bancorp. (WABC). Though the company’s second quarter results were in line with the Zacks Consensus Estimate, we believe that a weak...