Author: Devin Weiss

Starbucks Corporation (SBUX) recently announced that it plans to open its sixth manufacturing unit in Rancho Cucamonga, California toward the end of fiscal 2013. It will will be a juicery costing $70 million and is expected to...

Cigna Corp.’s (CI) preferred stock and junior subordinated debt, under the new shelf registration, has been conferred an investment grade rating by A.M. Best. The company’s senior unsecured debt and subordinated debt...

Struggling smartphone manufacturer Research In Motion Limited (RIMM) plans to add a new application to its much-awaited BB10 devices. This appears to be an effort by the company to make its new offering much more competitive....

Global sanitation products company, Ecolab Inc. (ECL) recently opened a new manufacturing and distribution center in China. The facility is located in Taicang and will manufacture the products which will be marketed in China....

Global payment solutions provider Fidelity National Information Services Inc. (FIS) has wrapped up the divestiture of its Healthcare Solution business to Lightyear Capital, a private equity firm, for $335 million. Fidelity...

To strengthen its storage capabilities and expand its product portfolio in the solid state device (“SSD”) storage solutions segment, IBM Corp. (IBM) is set to acquire Texas Memory Systems, a privately-held flash...

With the improving pricing scenario in the insurance market and supported by RLI Corp.’s (RLI) strong infrastructure, we expect the company to perform well in the upcoming quarters. Also, the company has a favorable loss...

Leading medical instruments and supplies company Covidien plc. (COV) has extended its support for the recently announced Sentinel Event Alert issued by The Joint Commission regarding “safe use of opioids in...

Earlier this week, a U.S. District Court Judge in Manhattan granted Assured Guaranty Ltd. (AGO) permission to partially move ahead with its lawsuit against UBS AG (UBS). Assured, in a lawsuit filed against UBS, accused it of...

We are reaffirming our Outperform recommendation on Eastman Chemical Company (EMN). We believe that the company is well placed to benefit in the second half of 2012 from the synergies of Solutia acquisition. Adjusted earnings of...