WellPoint Bets on Medicare and Medicaid
July 9, 2012
Health benefits company WellPoint will acquire managed care provider Amerigroup, as the company positions itself to take advantage of Medicare and Medicaid expansion.
Thompson Reuters’ Acquisition of FX Alliance Points to Growing Interest in Alternative Investments
July 9, 2012
Investment data provider Thompson Reuters acquired FX Alliance as currencies and precious metals become more popular with institutional investors.
Best Buy Slashes 2,400 Jobs
July 9, 2012
Big box electronics retailer Best Buy announced that it will lay off 2,400 employees. We still aren’t excited about the company.
Informatica Lowers Guidance Again
July 9, 2012
Data software solutions provider Informatica lowered its second-quarter guidance for the second time this year. Shares continue to fall.
Seagate Warns About Revenue and Earnings
July 9, 2012
Hard-drive storage manufacturer Seagate Technology will not meet its own expectations. The industry continues to recover from the flooding in Thailand.
Can Navistar Make a Comeback?
July 7, 2012
Truck maker Navistar announced that it is ditching its diesel engine that failed to receive US regulatory approval in favor of a new one. The shares have fallen below the low end of our fair value range, but we’re not ready to pull the trigger anytime soon.
AutoNation and Volkswagen Report Good News
July 6, 2012
Car dealer AutoNation reported fantastic results for June and its second quarter. German auto manufacturer Volkswagen will finally acquire the rest of Porsche.
International Speedway Posts Solid Results
July 6, 2012
The NASCAR racetrack owner posted strong results Thursday. The firm’s middle class consumer is returning slowly.
June Same Store Sales Actually Weren’t Bad
July 5, 2012
Though a few companies fell short of expectations, we thought June same-store sales numbers were mostly positive. We think lower energy prices may have reinvigorated the US consumer during the month.
Strong Auto Sales Continue in June
July 4, 2012
Sales in the US remained strong throughout June. We think SAAR will remain above 14 million units for the remainder of 2012.
