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Homebuilder confidence plummeted in May to 54, according to data released by the National Association of Home Builders/Wells Fargo, down from 56 in April. Despite this decline, shares of D.R. Horton Inc. (DHI) managed to rise by 0.36% to $26.40 in early afternoon trading on Monday.
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As a result of recent discussions with industry experts and analysis of company performance, several ratings changes have been announced, with both upgrades and downgrades across various sectors. Keybanc upgraded Aspen Technology to sector weight from overweight, citing double-digit growth potential for license revenue and a rise in free cash
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As part of National Safe Boating Week, May 16-22, Brunswick Corporation's marine brands are joining boating safety advocates to promote safe and responsible boating practices. The company is emphasizing the importance of wearing life jackets, using safety products, and seeking proper training to educate and inform boaters. To
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Despite a 8.4% drop in earnings due to pension costs, Northrop Grumman reported an increase in revenue to $6 billion, beating analyst expectations. The company's aerospace systems division saw a 3% sales growth, driven by higher volumes in unmanned and space programs. However, military aircraft volume declined
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As the global market shifts toward higher performance lubricants and greater fuel economy, The Lubrizol Corporation has made a significant investment in the development of the second generation of General Motors' (GM) proprietary dexos1 specification for gasoline engines. This new specification aims to ensure that engine oils for GM
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Coca-Cola, one of the world's leading beverage companies, is set to release its 2015 first quarter earnings results on April 22, before the market opens. Analysts expect the company to report earnings of 43 cents per share on revenue of $10.65 billion, a slight decline from the
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Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is set to release its first quarter earnings report after the market closes today. Analysts expect the company to report strong earnings of 72 cents per share on revenue of $2.64 billion, a significant improvement from the
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US natural gas futures ended the week on a down note despite forecasts for slightly cooler-than-normal weather over the next two weeks, as near-record production continued to weigh on prices. The latest Global Forecast System model showed cooling temperatures, but consumption was expected to rise to a near-2-year high, while
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Metso Corporation's advanced smart controllers have been chosen by Eni Norge and Statoil for the Goliat floating, production, storage and off-loading (FPSO) plant, a massive offshore facility scheduled to be operational by the end of 2015. The smart controllers, designed to enhance safety and minimize operational and maintenance
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Laura A. Sugg, a veteran of the oil and gas industry with over 30 years of experience, has been elected to the Murphy Oil Corporation Board of Directors. Sugg brings a broad background in capital allocation and operations to the role, with experience in corporate finance, planning, human resources, and
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Cleco Corporation's proposed acquisition by a North American investor group led by Macquarie Infrastructure and Real Assets has received a boost with Institutional Shareholder Services (ISS) recommending that shareholders vote "FOR" the transaction. ISS's recommendation is based on the premium being offered to shareholders,
Thomson Reuters Corp.
Biofrontera AG, a biopharmaceutical company focusing on skin cancer, has completed nearly all preparations for the launch of its non-melanoma skin cancer drug Ameluz(R) in Belgium. The company anticipates first sales in the first quarter of 2015 and has secured pricing for the Belgian market. The therapy will be
