Boston, MA 02/18/2014 (wallstreetpr) – The market for LCD television sets may look saturated but Corning Inc. (NYSE:GLW) thinks otherwise. The company expanded its operations in liquid crystal display glass business when it bought out the stake of Samsung in Samsung-Corning Precision Glass. Corning also entered a deal simultaneously with Samsung to supply it with specialty glass for television business for the next 10 years. There is still a vast potential for LCD television sets as the world’s largest brands, Samsung and LG have indicated that the planned increase in shipments are more than 10% increase over 2013. Samsung had shipped 42.6 million TVs while LG had shipped 28.5 million last year. Other manufacturers have also indicated similar double digit growth for 2014.
IAMGOLD Corp (USA) (NYSE:IAG) is hoping to ride out the current tough times for gold miners by preserving its cash as well as by sustained cost reductions. Unlike other companies though, IAMGold is attacking all three cost centers namely Corporate, Explorations and Operations. The company has targeted $100 million in cost reductions and has already reached a level of $77 million. IAMGOLD also plans a reduction of $400 million in capex for 2014. With these measures, the company is expected to take full advantage when gold prices increase.
Thermo Fisher Scientific Inc. (NYSE:TMO) has completed the acquisition of Life Technologies Corporation. The deal is valued at $13.6 billion as well as debt burden of $1.5 billion. Thermo Fisher paid $76.13 in cash per fully diluted share. With the acquisition, Thermo Fisher Scientific Inc. (NYSE:TMO) will have leadership position is serving research, specialty diagnostics and applied markets. The company reported fourth quarter and full fiscal reports recently. Revenues for the full fiscal increased by 5% to $13.09 billion against $12.51 billion reported for 2012. The adjusted EPS grew by 10% to $5.42 against $4.94 reported for 2012. Revenue growth was driven by both organic as well as inorganic growth.
