NEW YORK, November 5, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, Issues Important News & Updates For Boston Scientific Corporation (NYSE: BSX), Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE), QUALCOMM, Inc.(NASDAQ: QCOM), PulteGroup, Inc.(NYSE: PHM), Regions Financial Corporation (NYSE: RF).
Boston Scientific Corporation (NYSE: BSX) closed on its previously announced agreement to acquire Bard EP, the electrophysiology business of C.R. Bard. The acquisition enables Boston Scientific to provide a broader portfolio of EP tools, including solutions for cardiac catheter ablations. The addition of the legacy Bard electrophysiology global business in advanced therapeutic catheters, diagnostic catheters, electrophysiology recording systems and intracardiac access devices gives Boston Scientific additional scale and scope to serve a $2.5B EP market that is growing at nearly 10% annually.
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Boston Scientific currently expects the net impact of the transaction on adjusted earnings per share to be immaterial in FY13 and approximately 1c accretive in FY14, and dilutive on a GAAP basis in both years as a result of acquisition-related net charges and amortization, which will be determined subsequent to the closing.
Recently, Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE), the largest solar-panel manufacturer, agreed to supply 59 megawatts of modules to China Three Gorges Corp. for three projects.
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The panels will be delivered by the end of the year for ground-mounted projects in Hebei and Gansu provinces and the Inner Mongolia Autonomous Region, Baoding, China-based Yingli said today in a statement. Terms of the deal weren't disclosed.
IHS said QUALCOMM, Inc.(NASDAQ: QCOM) is set to shake up the set-top box chip business by becoming a "serious contender", reports DigiTimes. According to IHS senior principal analyst Jordan Selburn, incumbent leaders like Broadcom (BRCM) and STMicroelectronics (STM) "will face a serious challenger that has its sights set on domination."
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At Regions Financial Corporation(NYSE: RF), fans and graduates of several historically black colleges and universities (HBCUs) can now show their school spirit every time they make a purchase with a Regions CheckCard.
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Adding to a growing list of university and sports themed CheckCards, Regions now offers cards featuring four HBCUs - Alabama A&M, Alabama State, Florida A&M and Tennessee State.
PulteGroup, Inc.(NYSE: PHM), the second-largest U.S. homebuilder by market value, reported a third-quarter profit that beat analysts' estimates as house prices climbed.
Earnings before a tax-related gain were 45 cents a share, the Bloomfield Hills, Michigan-based company said today in a statement. That topped the 36-cent average of 18 analyst estimates, according to data compiled by Bloomberg.
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Homebuilders are benefiting from a tight supply of existing homes on the market, which is boosting real estate values even as rising mortgage rates slow demand. PulteGroup has focused on increasing its profit margins rather than the pace of sales, by cutting costs and raising prices. While its orders fell, the company's average selling price in the third quarter climbed 11 percent from a year earlier to $310,000.
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