Author: Devin Weiss

Ball Corporation (BLL) recently announced that it will cut down 12-ounce beverage can and end production capacity by stalling production at its two plants. In response to the current market demand, the company intends to step up...

Recently, offshore drilling giant – Transocean Ltd. (RIG) issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. Per the report, the company’s...

We reiterate our Neutral rating on Health Management Associates (HMA). Its second-quarter 2012 earnings per share of 21 cents matched the Zacks Consensus Estimate. Adjusted earnings exclude 5 cents per share for a swap...

Takeda Pharmaceutical Company Limited (TKPYY) and its subsidiary Millennium, recently decided to stop its ganitumab phase III (GAMMA) global trial in Japan. Takeda’s decision was based on Amgen Inc.’s (AMGN) decision...

Pfizer (PFE) recently entered into an agreement with AstraZeneca (AZN) for the marketing of an over-the-counter (OTC) version of AstraZeneca’s Nexium, which is approved for the treatment of the symptoms of gastroesophageal...

The ExxonMobil Corporation (XOM) and Royal Dutch Shell plc (RDS.A) led consortium has been selected by Ukraine to develop the Skifska gas field in the Black Sea shelf. The Ukraine government has projected development costs to be...

Cisco Systems’ (CSCO) fourth quarter 2012 earnings (excluding one-time items and including stock based compensation) beat the Zacks Consensus estimate by 3 cents, or 7.8%. Revenue was more or less in line with the...

Denver-based Forest Oil Corporation (FST) has struck an agreement with a subsidiary of Tristate Midstream II, LLC to divest a lion’s share of its East Texas natural gas gathering assets. The deal is likely to fetch the...

Sinopec Group – the parent company of China Petroleum & Chemical Corp. (SNP) – is looking to purchase an equity stake in the $2.5 billion Texas clean energy project, the Wall Street Journal has reported. Total...

Bell Canada, a 100% subsidiary of BCE Inc. (BCE), is facing major hindrances to its C$3.38 billion ($3.4 billion) proposed acquisition of Astral Media from one of its key competitors Telus Corporation (TU). The transaction was...