Author: Devin Weiss

Norway based energy company Statoil ASA (STO) has set aside NOK 8.5 billion ($1.45 billion) to enhance recovery in Gullfaks South field in the Norwegian North Sea. Statoil, along with its partner Norwegian state owned firm...

Guess? Inc.’s (GES) second quarter of fiscal 2013 adjusted earnings per share (EPS) of 49 cents missed the Zacks Consensus Estimate of 50 cents and declined 41.7% from last year’s 84 cents. The earnings declined due...

In order to enhance its mobile payment platform, e-commerce service provider eBay Inc. (EBAY) has signed a deal with Discover Financial Services, thus extending PayPal’s services to 7 million merchants next year. Following...

Toll Brothers, Inc. (TOL), one of the country’s leading luxury homebuilders, reported earnings of 26 cents per diluted share in the third quarter of fiscal 2012, up 24 cents from the prior-year quarter. The year-over-year...

Shareholders of Fifth Third Bancorp (FITB) can now breathe a sigh of relief as the company announced yesterday that the Federal Reserve did not object to its proposed capital plan through March 2013, which included possible...

We are upgrading our recommendation on Gentiva Health Services Inc. (GTIV) to Outperform based on its strong revenues and strategic acquisitions. Furthermore, a reduced debt balance improved its financial leverage, while a...

Varian Medical Systems (VAR) recently reported that Da Nang Cancer Hospital of Vietnam will avail from the company a radiotherapy configuration capable of providing intensity-modulated radiotherapy treatment (IMRT). The system...

Moody’s Investors Services has upgraded its corporate family and probability of default ratings on Group 1 Automotive Inc. (GPI) to “Ba2” from “Ba3”. The revision is based on the company’s...

Industrial tool maker, Illinois Tool Works Inc. (ITW) recently opted for raising funds from the market through issuance of $1.1 billion principal amount of Senior Unsecured Notes due to mature on September 1, 2042. The notes,...