Author: Devin Weiss

U.S. equipment supplier Dril-Quip, Inc.’s (DRQ) wholly owned subsidiary — Dril-Quip do Brasil LTDA — has clinched a $650 million contract awarded by Brazil’s state owned energy company Petroleo Brasileiro...

j2 Global Inc. (JCOM) recently closed the acquisition of Zintel Communications’ New Zealand business. This is the company’s second acquisition within a span of 6 months in the Asia-Pacific region, after acquring the...

We have downgraded our long-term recommendation on Johnson Controls Inc. (JCI) to Underperform. The leading supplier of automotive interiors, batteries and other control equipment is facing challenges from the softness in the...

Fitch Ratings Services has reaffirmed its long-term IDR, senior unsecured debt and bank credit facility ratings on AutoZone Inc. (AZO) at ‘BBB’. The rating agency has also affirmed its short-term IDR and commercial...

We have reiterated our Neutral recommendation on Ecolab Inc. (ECL). The St. Paul, Minnesota-based company is a leading provider of cleaning, sanitizing, food safety and infection prevention products and services. The company...

We are upgrading our long-term recommendation on Magellan Midstream Partners L.P (MMP) to Outperform, based on its better operating results, various growth projects and strong cash distribution level. Tulsa, Oklahoma-based...

Chinese energy giant PetroChina Company Limited (PTR) announced its first half 2012 earnings of RMB 62.0 billion or RMB 0.34 per diluted share, compared with RMB 66.0 billion or RMB 0.36 per diluted share in the year-earlier...

Sempra U.S. Gas & Power, LLC, a subsidiary of Sempra Energy (SRE), has received approval for the placement of second underground natural gas storage cavern at its Mississippi Hub Storage facility from the Federal Energy...

Streaming services provider, Netflix Inc. (NFLX) recently announced that it has entered into a multi-year licensing deal with RADiUS-TWC, the new multi-platform distribution label from The Weinstein Company (“TWC”)....

We are downgrading our recommendation on Reliance Steel & Aluminum Co. (RS) to Neutral following its mixed second-quarter 2012 results. Earnings of $1.44 per share topped the Zacks Consensus Estimate by 3 cents. Revenues...