Archive for August, 2009
(GLNG) Golar LNG’s Q2 Better than Expected
Golar LNG Ltd. (GLNG) posted second-quarter results on Friday. The company said GAAP net income rose to $11.9 million, compared to $11.7 million in the year-ago quarter primarily due to a gain related to non-cash interest rate and equity swap valuation. Excluding this gain, loss...
31Aug2009 | vitalstocks | 0 comments | Continued(CHL) China Mobile Launches Ophone OS Platform
China Mobile (CHL) has reportedly launched its self-developed smartphone operating system platform today, known as the Open Mobile System (OMS). The Chinese wireless giant has also launched a line of handset models (called Ophones) based on its home-grown TD-SCDMA 3G wireless...
31Aug2009 | vitalstocks | 0 comments | Continued(X) United States Steel Restarting Facility
United States Steel Corp. (X) is restarting its blast furnace at its Hamilton, Ontario plant as steel demand edges higher after a nine-month shutdown. Demand for U.S. Steel’s flat-rolled steel has improved after bottoming in April and May, this year and is likely to improve...
31Aug2009 | vitalstocks | 0 comments | Continued(GENZ) Genzyme’s Clolar Faces FDA Delay in Expanded Use
Genzyme Corp.’s (GENZ) Clolar could face a delay in receiving approval for an expanded indication. The drug will be coming up for review before the Oncologic Drugs Advisory Committee of the U.S. Food and Drug Administration (FDA) on Sept 1 and questions have been raised regarding...
31Aug2009 | vitalstocks | 0 comments | Continued(CHU) China Unicom Reports, Seals iPhone Deal
China Unicom (CHU) has announced interim 2009 results with reported net income of RMB6.6 billion (US$970 billion) or RMB0.28 per share, down 42.1% compared to RMB12.1 billion (US$1.8 billion) or RMB0.51 per share reported in the corresponding period a year-ago. This significant...
31Aug2009 | vitalstocks | 0 comments | Continued(VPRT) VistaPrint Among 100 Fastest Growing
VistaPrint Limited (VPRT) has been named in Fortune magazine’s global list of the “100 Fastest-Growing Companies.” The ranking was published in the August 31 issue of Fortune and is based on three years of revenue and profit growth, in addition to a total shareholder...
31Aug2009 | vitalstocks | 0 comments | Continued(PFWD) Phase Forward Completes Acquisition of Covance
Phase Forward (PFWD) recently announced that it completed its previously announced acquisition of the Interactive Voice and Web Response Services business of Covance Inc. (CVD) for $10 million in cash. Headquartered in Princeton, New Jersey, Phase Forward is a leading provider...
31Aug2009 | vitalstocks | 0 comments | Continued(TRBN) Trubion Pharmaceuticals & Facet Biotech to Jointly Develop and Market Leukemia Drug
On Friday, Trubion Pharmaceuticals, Inc. (TRBN) agreed to jointly develop and commercialize TRU-016 globally with Facet Biotech Corp. (FACT). TRU-016 is undergoing early-stage studies for chronic lymphocytic leukemia (CLL). The deal requires Facet to make a $20 million upfront...
31Aug2009 | vitalstocks | 0 comments | Continued(AIG) Moody’s Investors Service Confident About U.S. Credit
Moody’s Investors Service on Friday affirmed its Aaa credit rating on the United States. The action considers the country’s ability to survive the credit crisis, its political stability and favorable long-term economic prospects. Though the rising debt burden could threaten...
31Aug2009 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Settles Dispute
Last week, Energy Transfer Partners, L.P. (ETP) informed that it has entered into a settlement with the Federal Energy Regulatory Commission (FERC), which had accused the natural gas and propane gas distributor of unfair trading activities during Hurricane Rita in 2005. However,...
31Aug2009 | vitalstocks | 0 comments | Continued(CMS) CMS Energy Tops Michigan Green Race
Consumers Energy, the major subsidiary of CMS Energy (CMS), requested approval from the Michigan Public Service Commission for six new renewable energy projects to be owned and operated by third parties. Consumers Energy’s move is in line with the recent rush of utilities to...
31Aug2009 | vitalstocks | 0 comments | Continued(UTX) Pratt & Whitney Engines on the Space Shuttle Discovery
Three Pratt & Whitney Rocketdyne Space Shuttle Main Engines (SSME) successfully powered the launch of Space Shuttle Discovery on Mission STS-128 to deliver extra supplies and equipment to support a six-person crew onboard the International Space Station. The SSME is the world’s...
31Aug2009 | vitalstocks | 0 comments | Continued(GS) U.S. Treasury Profits from Bailed-Out Banks
The U.S. government has already retrieved about $4 billion in profits from 8 of the biggest banks that have fully repaid their obligations from the $700 billion Troubled Asset Relief Program (TARP). The government has recorded profits of about $1.4 billion from its investment...
31Aug2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Reaches Deal with United Steel Workers
The Goodyear Tire & Rubber Co. (GT) revealed that it reached a tentative four-year agreement on a United Steel Workers deal, about three hours before a midnight deadline for expiration last Saturday. The new contract covers about 10,300 employees at seven tire plants in the...
31Aug2009 | vitalstocks | 0 comments | Continued(SI) Siemens Takes Stake in Israel’s Areva Power
Siemens AG (SI) recently bought a 40% stake in Israel-based Areva Power Co. for $15 million. Areva develops, builds and operates photovoltaic plants. This is another significant step in strengthening green and sustainable technology initiative by Siemens. Due to intensive sunlight...
31Aug2009 | vitalstocks | 0 comments | Continued(EURX) FDA Approves Eurand Drug
On Friday, the U.S. Food and Drug Administration (FDA) approved Eurand N.V.‘s (EURX) New Drug Application for its pancreatic enzyme product {PEP} Zenpep. The product targets a condition where insufficient secretion of enzymes by the pancreas hampers digestion of food. This...
31Aug2009 | vitalstocks | 0 comments | Continued(EFX) Equifax Selects Chile for Their New Research & Development Center
Equifax Inc. (EFX) recently announced that it has selected Chile for the launch of its new software R&D center. The company selected Chile as the desired location after considering some Latin American countries and Europe. It was impressed with Chili’s conducive business...
31Aug2009 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Raises Quarterly Dividend
Harris Corp. (HRS) recently increased its quarterly cash dividend by 10% from the first quarter of fiscal 2010. The company will now pay a quarterly dividend of 22 cents per share compared to 20 cents per share earlier. As a result, its annual dividend will also increase to...
31Aug2009 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific is Ready For MADIT Results
Boston Scientific Corp. (BSX) is geared up for its landmark MADIT-CRT trial final results, which will be announced on Sept 1. The MADIT trial is evaluating the effectiveness of the company’s cardiac resynchronization therapy defibrillators (CRT-Ds), compared to the traditional...
31Aug2009 | vitalstocks | 0 comments | Continued(BMY) A Step Forward for Bayer’s Atrial Fibrillation Drug
The therapeutic area of Atrial Fibrillation (AF) is buzzing with news. We are pleased with the development made by Bayer Schering Pharma, a division of Bayer Healthcare in this field. The company completed patient enrollment in the phase III study for Rivaroxaban (Xarelto). The...
31Aug2009 | vitalstocks | 0 comments | Continued(CUZ) Cousins Announces Staff Layoffs
Cousins Properties Inc. (CUZ), a leading real estate investment trust (REIT), recently announced the layoff of 10% of its corporate staff to reduce costs amid the continued economic downturn. Fundamentals are declining in many of the company’s office markets as corporate expansion...
31Aug2009 | vitalstocks | 0 comments | Continued(MCO) SEC Reviews Rating Agency Monitoring Process
Credit rating agencies are facing constructive criticism from the U.S. Securities and Exchange Commission (SEC). Recently, the rating agencies have been in news for providing inaccurate information about some securities to some clients. Now the market watchdog criticized a rating...
31Aug2009 | vitalstocks | 0 comments | Continued($MSFT) “White Cap” Stocks: The Best Way For Investors To Beat The Market
by Dr. Scott Brown, Advisory Panelist For decades, economists and academics have tried to define exactly how the stock market works – and the best way to profit from its moves. In the 1950s, one argument stated that short-term market activity results in the law of one price...
31Aug2009 | InvestmentU | 0 comments | Continued(AIG) Time to Go Short AIG?
American International Group (NYSE: AIG) has been garnering a lot of attention for its recent stock increase. But not all of AIG news is good. The Treasury Department even came out with a statement that AIG represents a large risk to the government – that holds an 80%...
31Aug2009 | InvestmentU | 0 comments | Continued(FXA) An Australian Dollar Play on China’s Growth
Tony Daltorio, The Investment U Research Team Despite the continuing negative sentiment toward China from much of Wall Street, China’s remarkable economic growth continues unabated. While Wall Street “experts” focus solely on the export-oriented eastern cities in China,...
31Aug2009 | InvestmentU | 0 comments | Continued(PTR) Top Chinese Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Chinese equity” mutual funds that invest most of their assets in equity securities of companies that trade in China or are related to the Chinese economy. Investors can find such funds by checking out the entire list of the Zacks...
31Aug2009 | vitalstocks | 0 comments | Continued(PWRD) Perfect World Company – Reports Another Earnings Surprise
Perfect World Co., Ltd (PWRD) shares continue to climb as the company reported yet another earnings surprise. Profits Surge 55% On Aug 10 Perfect World announced second-quarter results that included revenue of over $76 million. That level is up 56% on a year-over-year basis....
31Aug2009 | vitalstocks | 0 comments | Continued(FOSL) Fossil Incorporated – Third Quarter Estimates Lowered
Fossil, Inc. (FOSL) has been cutting costs and inventory as it rides out the rough retail environment. The company surprised on second quarter Zacks Consensus Estimates by 25% and is optimistic for the remainder of the year. Even though there was an earnings surprise, sales fell...
31Aug2009 | vitalstocks | 0 comments | Continued(SYNT) Syntel Incorporated – Consensus Estimate Rising
Syntel Inc. (SYNT) is a solid Growth and Income pick that continues to see strong momentum. Shares are trading near a 52-week high and nearly doubled the market’s gain since SYNT was last featured as Zacks Rank Buy stock idea just a few weeks ago. The company recently announced...
31Aug2009 | vitalstocks | 0 comments | Continued(KONG) KongZhong CP ADS – Steep Premium to the Overall Market
KongZhong CP ADS (KONG) gave its share price a nice little boost on August 10 after reporting strong Q2 results that were better than expected. Second-Quarter Results Sales were up 37% from last year to $32.3 million. Earnings came in at 10 cents per share, 3 cents ahead of the...
31Aug2009 | vitalstocks | 0 comments | Continued