Archive for August, 2009
(CHA) Higher Costs Hurt China Telecom
China Telecom (CHA) announced interim 2009 results today with net income of RMB8.4 billion ($1.2 billion), or RMB0.10 per share, down 27.5% compared to RMB11.6 billion ($1.7 billion), or RMB0.14 per share, reported in the corresponding period a year ago. This annualized drop...
27Aug2009 | vitalstocks | 0 comments | Continued(BAC) BofA to Sell TALF Auto Loans
Bank of America Corp. (BAC) plans to sell bonds worth $2 billion backed by auto loans that are eligible for the Federal Reserve’s Term Asset Backed Securities Loan Facility (TALF) program to boost lending and maintain credit flow to the broader economy. Investors can procure...
27Aug2009 | vitalstocks | 0 comments | Continued(CVX) EIA Crude Inventories Rise Again
Yesterday, we got a bearish report from the Energy Information Administration (EIA), with crude oil stockpiles showing an unexpected rise. In its weekly release, the agency said that crude inventories rose 128,000 barrels from the preceding week, far off estimates that hoped...
27Aug2009 | vitalstocks | 0 comments | Continued(HMC) Cash for Clunkers Summary
Its time now to review the $3 billion cash incentive program — Car Allowance Rebate System (CARS), informally known as “Cash for Clunkers” — which officially ended Tuesday. The program, launched by the U.S. Government in late July, allowed consumers to...
27Aug2009 | vitalstocks | 0 comments | Continued(ELP) Companhia Paranaense de Energia Posted Positive Results
Last week, Companhia Paranaense de Energia – COPEL (ELP), posted positive results for the second quarter with a 5.9% increase in revenues (in Brazilian reals). The company has a strong balance sheet with net debt of just R$136 million (US$28 million) at the end of the quarter. Net...
27Aug2009 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Expands eFax Coverage
j2 Global Communications Inc. (JCOM) recently announced that its flagship eFax line of products will now be available in 3,300 cities across 46 countries. This indicates a growth of around 62% in the last three years. The company delivers integrated communications services through...
27Aug2009 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Set Up a Missile Defense Systems Operating Unit
Lockheed Martin Space Systems Co., a Lockheed Martin Corp. (LMT) subsidiary, recently set up a new Missile Defense Systems operating unit. The new unit, which is part of the Lockheed Martin’s Strategic and Missile Defense Systems division Incorporatedludes program management,...
27Aug2009 | vitalstocks | 0 comments | Continued(GD) General Dynamics Bags $100 Million Army Order
General Dynamics (GD) recently said that its unit, General Dynamics Armament and Technical Products, has received a $100 million contract from the US Army TACOM-Rock Island Ill division. The contract for supplying M2 flex machine guns is of indefinite delivery-indefinite quantity...
27Aug2009 | vitalstocks | 0 comments | Continued(DT) Deutsche Telekom Entering Indian Internet Space
Deutsche Telekom (DT), the largest telecom carrier in Germany, is entering the Indian Internet market in the near future. The European telecom giant recently acquired 17% stake in the Indian telecom operator Devas Multimedia for approximately $75 million. In collaboration with...
27Aug2009 | vitalstocks | 0 comments | Continued(MXIM) Maxim Improves Battery Management
Maxim Integrated Products (MXIM) recently launched MAX11080, the first high-voltage, 12-channel battery protection chip for high cell-count lithium-ion (Li+) battery stacks. Lithium ion batteries are in the evolution stage and the fastest growing secondary battery type in the...
27Aug2009 | vitalstocks | 0 comments | Continued(GES) Guess Beats Forecasts by 45% and Raises Dividend
Guess Inc. (GES) reported robust second quarter results with earnings of 64 cents per share, which was 20 cents above the Zacks Consensus Estimate of 44 cents. Quarterly earnings were up 14.3% year-over-year. Net sales for the quarter increased 1.4% year-over-year to $522 million,...
27Aug2009 | vitalstocks | 0 comments | Continued(DAI) Chrysler Group Takes Daimler to Court
Chrysler Group LLC. filed a lawsuit against its former parent Daimler AG (DAI) in a federal court in New York, charging it with having failed to honor supply contracts for parts essential for the production of key 2010 Chrysler vehicles. Chrysler claimed that it would have to...
27Aug2009 | vitalstocks | 0 comments | Continued(SEPR) Sepracor Incorporated Doubled the Consensus Earnings Forecast
Sepracor Inc (SEPR) shares are on a bullish run with a recent earnings report adding fuel to the fire. Company Description Sepracor develops safer, purer, and more effective drugs to improve on already existing pharmaceuticals. The company develops compounds to improve a therapy’s...
27Aug2009 | vitalstocks | 0 comments | Continued(ETR) Entergy’s Spin-off Postponed
Entergy Corp.’s (ETR) proposed spin-off of its Non-utility Nuclear power business has been relegated to fiscal 2010. Recently, New York Public Service Commission’s two administrative law judges in a ruling stated their apprehension regarding the new company having the financial...
27Aug2009 | vitalstocks | 0 comments | Continued(BAC) How to Grab Significant Short-Term Profits From Technical Analysis
by Mark Skousen, Advisory Panelist “The overwhelming majority of economic theories, market forecasts, trading strategies, investment systems, hot tips and sure-fire speculations never pan out.” ~ Alexander Green In the August 14 Investment U issue, Alexander Green urged...
27Aug2009 | InvestmentU | 0 comments | Continued(KR) Kroger to Offer Flu Vaccines in More Than 1,900 Stores
Recently, Kroger Co.’s (KR) Family of Pharmacies announced that from the beginning of September 2009, seasonal flu vaccines would be readily available to the masses in its more than 1,900 stores at a convenient price. The vaccines are certified by the company’s expert pharmacists...
27Aug2009 | vitalstocks | 0 comments | Continued(MWW) Employment Data: What Can You Believe?
Ryan Cole, The Investment U Research Team In the first installment of this series, making sense of the economic data coming at us daily, we dealt with inflation. Today, we’re looking at the employment numbers. Some of you might remember, back in June we took a closer look...
27Aug2009 | InvestmentU | 0 comments | Continued(MCRS) We Are Cautious on Micros Systems Incorporated
Headquartered in Columbia, Maryland, Micros Systems Inc. (MCRS) designs, makes, markets and services enterprise information solutions for the hospitality and specialty retail industries. The company is expected to report results for the fourth quarter and fiscal 2009 on Aug....
27Aug2009 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes Offering Preferred Shares
Yesterday, GOL Linhas Aereas Inteligentes S.A. (GOL) filed a registration statement with the Securities and Exchange Commission for a proposed global offering of preferred shares Incorporatedluding preferred shares in the form of ADSs. The company expects to raise somewhere between...
27Aug2009 | vitalstocks | 0 comments | Continued(WTSLA) Wet Seal Incorporated Reports Modest Results
Wet Seal Inc. (WTSLA) reported modest results for the second quarter with earnings of 3 cents per share, which was in-line with the Zacks Consensus Estimate. However, earnings were down 9 cents year-over-year. Wet Seal is a specialty retailer, operating apparel and accessory...
27Aug2009 | vitalstocks | 0 comments | Continued(VRSN) VeriSign Sells its Messaging Business
VeriSign Inc. (VRSN) yesterday agreed to sell its messaging business to Syniverse Holdings Inc. (SVR) for $175 million. The transaction is subject to certain closing conditions and regulatory approvals. Headquartered in Mountain View, California, VeriSign provides essential...
27Aug2009 | vitalstocks | 0 comments | Continued(T) AT&T Expands Deployment of Global Wi-Fi
U.S. telecom giant AT&T (T) has reportedly expanded its worldwide Wi-Fi (wireless broadband) presence by adding nearly 25,000 more hotspots across Europe and China. With this addition, the second largest US wireless carrier has expanded its global Wi-Fi hotspot count to 125,000,...
27Aug2009 | vitalstocks | 0 comments | Continued(CSCO) Arris Group Leads Cable Modem Termination System Market
Arris Group Inc. (ARRS) has become the world leader of the Cable Modem Termination System (CMTS) market. According to a recent report of Infonetics Research, Arris achieved this milestone for the first time in its history during the second quarter. The CMTS market is highly competitive...
27Aug2009 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance Company’s Profits Grow
China Life Insurance Company (LFC), the leading life insurer in China, has posted a 15% rise in profits in the first half of 2009 compared to the prior-year period. The company earned 18.2 billion yuan ($2.7 billion) in the first half of 2009 driven by gains realized on financial...
27Aug2009 | vitalstocks | 0 comments | Continued(AMGN) Amgen’s Kidney Drug Fails Phase III Study
Yesterday, Amgen (AMGN) said that Aranesp failed in a large, randomized, double-blind, placebo-controlled, phase III study that was conducted in patients with chronic kidney disease (not requiring dialysis), anemia and type II diabetes. The study, referred to as the Trial to...
27Aug2009 | vitalstocks | 0 comments | Continued(MGA) General Motors Rethinking Opel Plans
General Motors is reconsidering its bailout plans for Opel/Vauxhall business in Europe. The company blew past an August 21 deadline to find a preferred bidder for a controlling stake in the business. Opel deal had been a bipartite race between two suitors, Canada-based auto parts...
27Aug2009 | vitalstocks | 0 comments | Continued(NFX) Newfield Exploration to Scale Back Production
Recently, Newfield Exploration Co. (NFX) – an independent energy firm – announced plans to cut back its third quarter natural gas production by about 2.5 billion cubic feet equivalent (Bcfe), on wells in the company’s Mid-Continent division. The curtailments (roughly...
27Aug2009 | vitalstocks | 0 comments | Continued(IBM) IBM Opens IT Services Center in United States
In addition to expanding its international footprint, IBM (IBM) is also expanding domestic operations. The company has announced the opening of a services delivery center in the U.S. The new facility will maintain, monitor and support computer hardware, software and manage IT...
27Aug2009 | vitalstocks | 0 comments | Continued(HIT) NEC Electronics and Renesas Merger Held Up Again?
Kawasaki-based NEC Electronics Corp. and Renesas Technology Corp. (a joint venture between Hitachi Ltd. (HIT) and Mitsubishi Electric Corp.) pushed back the proposed merger of their business operations until the end of September for the second time this year. Due to a delay in...
27Aug2009 | vitalstocks | 0 comments | Continued(SPP) Sappi Limited Adjusts Production
Sappi Limited (SPP) announced that it will permanently cease operations at its coated fine paper mill in Muskegon, Michigan. The company had suspended the operations at the mill in March 2009. The mill had an annual production capacity of 170,000 metric tons. Permanent Closure...
27Aug2009 | vitalstocks | 0 comments | Continued