New Business Unit, Technology Launch, Quarterly Earnings, Closing of Loans, and Expanded Support - Research Reports on AB InBev, TRW, Discover Financial, PNC and Abbott
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NEW YORK, August 15, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Anheuser Busch Inbev SA (NYSE: BUD), TRW Automotive Holdings Corp. (NYSE: TRW), Discover Financial Services (NYSE: DFS), PNC Financial Services Group, Inc. (NYSE: PNC) and Abbott Laboratories (NYSE: ABT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5766-100free.
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Anheuser Busch Inbev SA Research Reports
On August 6, 2014, a Reuters release reported that Anheuser Busch Inbev SA (AB InBev) is creating a new business unit in the U.S., which will focus on strengthening the Company's position in the premium beers segment. According to the report, the move has come on the backdrop of declining sales of traditional beers amid shift in demand towards more upmarket, more flavourful drinks such as ales, stouts and wheat beers. Citing the data released by Brewers Association trade group, Reuters reported that the U.S. beer market shrank 1.9% in 2013 to 196.2 million barrels, while "craft" beers market rose 17.2%. Reuters further added that the Company's new unit will make brands such as Goose Island and Blue Point and will be based in Chicago to get in closer touch with the urban customers. The new unit will be led by Felipe Szpigel and will have a dedicated marketing and sales staff, said Reuters. The full research reports on AB InBev are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/BUD/report.pdf
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TRW Automotive Holdings Corp. Research Reports
On July 28, 2014, TRW Automotive Holdings Corp. (TRW) announced that it has launched its latest-generation Electric Park Brake (EPB) technology with three major Japan-based vehicle manufacturers and will begin production with a fourth automaker in the near future. TRW informed that the EPB system functions as a conventional hydraulic brake for standard service brake applications, and as an electric brake for parking and emergency braking. "Because EPB is electronically rather than mechanically controlled it can work with a variety of vehicle systems and sensors," said Peter Lake, Executive Vice President of Sales for TRW. The full research reports on TRW are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/TRW/report.pdf
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Discover Financial Services Research Reports
On July 22, 2014, Discover Financial Services (DFS) announced its Q2 2014 financial results. The Company reported net income of $644 million or $1.35 per diluted share for Q2 2014, compared to $602 million or $1.20 per diluted share for Q2 2013. DFS' revenue net of interest expense was $2.2 billion, reflecting an increase of 6.4% YoY. During the quarter, the Company's net interest income rose 11.1% YoY to $1.6 billion, helped by loan growth, lower interest expense and higher loan yield. Net interest margin was 9.85%, up 41 basis points from Q2 2013. Total loans grew 6.7% YoY to $65.9 billion. Credit card loans grew 5.9% YoY to $52.7 billion and Discover card sales volume increased 6.4% YoY. "Our record earnings per share this quarter reflect outstanding fundamental performance in our Direct Banking segment in terms of loan growth and credit performance," said David Nelms, Chairman and CEO. The full research reports on Discover Financial are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/DFS/report.pdf
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PNC Financial Services Group, Inc. Research Reports
On July 28, 2014, PNC Bank, N.A., a member of the PNC Financial Services Group, Inc., announced the closing of $84 million in asset-based loans for three companies in the Southeast: Interra International, KPAQ Industries and Kingsdown, Inc. (Kingsdown). PNC informed that it provided a $40 million asset-based revolver and treasury management services for Atlanta-based Interra. In addition, PNC committed $30 million in senior secured financing to KPAQ Industries, a portfolio company of Amzak Capital Management, LLC. The transaction with KPAQ Industries consists of a $20 million asset-based revolver, a capital expenditure line of credit up to $10 million and treasury management services. PNC also provided $14.5 million to Mebane-based Kingsdown. The full research reports on PNC are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/PNC/report.pdf
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Abbott Laboratories Research Reports
On August 12, 2014, Abbott Laboratories (Abbott) announced that the Centers for Medicare & Medicaid Services (CMS) recently issued a National Coverage Determination (NCD), which extends coverage for Medicare beneficiaries in the United States to Transcatheter Mitral Valve Repair with the Company's MitraClip® System. According to the Company, the NCD provides a national framework for Medicare coverage that can help people gain more timely access to the MitraClip treatment if they meet the eligibility requirements. Abbott's MitraClip System repairs the mitral valve in people with severe degenerative mitral regurgitation without the need for an invasive surgical procedure. Abbott reported that CMS has also approved a New Technology Add-On Payment (NTAP) for the MitraClip System in early August, designed to promote hospital adoption of new technologies that could benefit Medicare beneficiaries by enabling hospitals to obtain supplemental funding. The full research reports on Abbott are available to download free of charge at:
http://www.analystsreview.com/Aug-15-2014/ABT/report.pdf
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