It's no Alibaba, but the Citizens Financial Group offering is important to the market.
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The generics drugmaker plans to tackle AstraZeneca's blockbuster antipsychotic drug Seroquel next.
Late last month, the U.S. Food and Drug Administration had approved Dr. Reddy's abbreviated new drug application for the generic drug. Seroquel is approved for the treatment of schizophrenia and bipolar mania.
With the "stress test" behind it, the clouds are clearing for this leader in the financial sector.
Our technical screens generally don't uncover many mega-cap companies like JPMorgan Chase & Co. (JPM), with sales of $111 billion and a market cap of $172 billion.
But the the stock is one of the strongest in the market now because investor perception of the ﬁnancial group has taken a sharp turn for the better. There are two main reasons for that.
The daily-deals company restates its fourth-quarter earnings
This is fairly unusual for a newly public company, since Wall Street has no history of quarterly results to go on and it's crucial for a new stock to build trust out of the gate. Unfortunately, Groupon scared many investors into thinking this company is at best sloppy and at worst corrupt -- resulting in a sharp sell-off that sent the company stock tumbling.
The engines will comply with 2014 fuel efficiency and greenhouse gases regulations.
By Zacks Equity Research
Cummins Inc. (CMI) announced that it will launch diesel engines in compliance with 2014 fuel efficiency and greenhouse gases (CHG) regulations beginning in January 2013. The engines will deliver up to 2% fuel economy improvement over those produced nowadays and will be available for North American trucks. They include ISB6.7 to ISX15 lineups.
In August 2011, Cummins intended to begin actions to comply with the new fuel efficiency and GHG standards of 2014. The standard was proposed by the U.S. Environmental Protection Agency and the U.S. Department of Transportation.
While hot IPOs can be chalked up to froth, the success of secondary stock offerings from Dunkin Brands and Dollar General proves the true power of this market.
The heck with IPOs as a way to judge a market. Secondary offerings tell a much better story. Why would you ever put in for stock in a secondary unless it was deeply in the hole, meaning that it came at a substantial discount to where a stock was trading ahead of the deal?
But we got two deals this week that showed the true power of this market: 25 million shares from Dollar General (DG) shareholders, priced at $45.20, and 26 million Dunkin Brands (DNKN) shares at $29.50. Neither stock was sold at much of a discount to the last day's trading.
The online deals company revises its fourth-quarter losses, while the coffee chain sets its eyes on Chinese expansion.
Groupon (GRPN), the online deals company, revised its reported fourth-quarter results lower and said its independent auditor determined it has a "material weakness" in its internal controls. Groupon affirmed its first-quarter guidance, reiterating its revenue forecast of between $510 million and $550 million.
Starbucks (SBUX) is planning a big expansion of its China business, according to reports. The coffee-shop operator plans to triple its number of stores in China to 1,500 from 500 by 2015, said John Culver, the head of Starbuck's China and Asia Pacific business, according to The Wall Street Journal.
These stocks have taken a tumble during a positive period for the markets.
The Standard & Poor's 500 Index ($INX) has posted gains in five of the past six months and is on pace for the best quarter in over 10 years.
However, equities are showing signs of weakness as the new durable goods orders report only increased 2.2% in February, compared to estimates of 3%.
"The global recovery is not as robust as we may have thought or wished it was," Todd Schoenberger, managing director of LandColt Trading, recently told CNBC. "All the news out there is telling us that there was nothing organic about this rally."
Many of the top online games run on Flash, and Adobe is looking to cash in on this success.
About 1.3 billion devices and nine of the top 10 social games run on Flash, and Adobe wants a bigger piece of this action. The company aims to charge game developers 9% of their gross revenue after the first $50,000 for using a set of premium application programming interfaces, or APIs, designed to enhance the gaming experience.
The company is buying ClearAccess to get more revenue from online video traffic.
By: Zacks Equity Research
Cisco Systems (CSCO) is planning to buy privately held ClearAccess for an undisclosed amount. The transaction is expected to be completed by the fourth quarter of fiscal 2012.
ClearAccess, a Vancouver company, provides hardware and software for Internet service providers to manage increasingly complex networks for homes and mobile devices.
It may be better for the company to form a partnership rather than investing heavily in building out the whole network infrastructure.
Sprint (S) recently showed interest in forming a partnership, offering its network for Dish to host its recently acquired spectrum from DBSD and TerreStar. Like the belle of the ball, Dish may now have its choice of partners.
The company is working to gain share, building on its strength in the low-end of the mobile phone market.
With energy costs painfully high, a look at whether current prices are justified.
Everyone has an opinion on the prices of oil and gas. And unless you're an Iranian oil minister, you probably think they're too high.
But are they? I tackled the topic at length in my column this week, with a focus on how the Federal Reserve's easy-money policies are pushing up real assets, like crude oil, through dollar devaluation. Tight supplies and geopolitical tremors are contributing as well.
Energy analysts at Barclays Capital took a look at the issue in a note to clients today coming up with a single answer for what they feel the fair price of oil is. Their answer? It just might surprise you.
The company is left with higher inventories of outerwear, but is seeing improved spring traffic.
Shares of men's clothing company Jos A Bank Clothiers (JOSB) were slumping again Friday, two days after reporting a disappointing fourth quarter.
The stock tumbled some 10% after news of the quarter, and was trading Friday at $50.44. Before the quarterly report Wednesday, shares had been close to $55.
Margins are falling at the clothing chain.
The chain is burdened with heavy debt, but it's slowly increasing sales and profit.
The specialty store is a haven for knitters and silk-flower fans, and has expanded over the years to offer kids' crafts, picture-framing services and scrapbooking supplies.
The stock might sound familiar to you. That's because Michaels was public before two private-equity companies paid some $6 billion to take it private in 2006. The companies paid $44 a share for the company -- and now, they're looking to get some money back.
The trend is not Safeway's friend and a rescue looks unlikely.
Safeway's (SWY) initial disclosure of its pension obligations was enough for a Credit Suisse analyst to downgrade the stock from outperform to neutral earlier this week.
As an analyst, I look at the new rating as a change from "I don't see any way out of its pricing problems vs. the competition," to "I don't see any way out of its pricing problems vs. the competition, and now it cannot use a significant portion of its balance sheet to help reposition itself, either." Yuck.
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[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
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