Archive for August, 2009
(SSP) E.W. Scripps Company Restructures Management
E.W. Scripps Company (SSP), a diverse media company, restructured its newspaper division management in order to improve its advertising sales and local news content. The changes announced will include the setting up of an operating committee comprised of two new national positions,...
27Aug2009 | vitalstocks | 0 comments | Continued(RTP) Vale Resumes Canadian Operations
Brazil’s largest iron ore miner Vale S.A. (VALE) recently announced plans of resuming its Canadian Sudbury operations with temporary employees. On July 13, about 3,100 employees out of the 5,000 at the company’s Sudbury plant had gone on strike. Another 120 workers at its...
27Aug2009 | vitalstocks | 0 comments | Continued(SWY) Safeway Expands Board of Directors
Safeway Inc. (SWY), the third-largest supermarket chain in North America, recently appointed Arun Sarin and Michael S. Shannon to its Board of Directors, expanding the number of members from 10 to 12. With these appointments, management brings on board some key industry experts. Arun...
27Aug2009 | vitalstocks | 0 comments | Continued(ISTA) ISTA Pharmaceuticals’s Eye Drug Shows Success
ISTA Pharmaceuticals Inc. (ISTA) yesterday announced that its once-per-day eye drug Xibrom QD displayed successful results in a late-stage study. The multi-center, randomized, double-masked, parallel-group study included 299 subjects who underwent cataract operation in one eye. ISTA...
27Aug2009 | vitalstocks | 0 comments | Continued(CVX) Australia OKs Chevron’s Liquefied Natural Gas Project
Chevron Corp. (CVX), the second-biggest U.S. energy company, gained approval from the Australian environment ministry to start its Gorgon liquefied natural gas (LNG) venture on the Barrow Island nature reserve. The decision is subject to conditions on managing and protecting...
27Aug2009 | vitalstocks | 0 comments | ContinuedRGE: Impact of China on financial markets
Nouriel Roubini’s RGE Monitor has just published a report examining China’s direct and indirect influences on global asset markets, and particularly equity, commodity and forex markets. Although the full report is only available to RGE’s subscribers, the abridged version...
27Aug2009 | prieur | 0 comments | Continued(HGR) Hanger Orthopedic Group Inc. Trade With a PEG of 0.90
Hanger Orthopedic Group Inc. (HGR) is expected to grow earnings at 15% over the next five years. The company saw revenues rise 6.8% year over year in the second quarter in a tough economic environment. HGR doesn’t just have growth, it also has value. The company trades...
27Aug2009 | vitalstocks | 0 comments | Continued(JCI) Top Fidelity Funds – Mutual Fund Education
Fidelity Capital & Income (FAGIX) was incepted in November 1977. The investment seeks income and capital growth. The fund typically invests in equity and debt securities Incorporatedluding defaulted securities, with an emphasis on lower-quality debt securities. It may invest...
27Aug2009 | vitalstocks | 0 comments | Continued(HCBK) Top Financial Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Financial” equity mutual funds, which primarily invest in equity securities of financial services and related companies. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Financial Equity Funds. 3...
27Aug2009 | vitalstocks | 0 comments | Continued(LZ) Lubrizol Corporation Estimates Surge
Lubrizol Corp. (LZ) is approaching its 52-week high after posting massive gains in the last 4 months on surging estimates. Company Description The Lubrizol Corp. is a specialty chemical company that develops additives for transportation and industrial markets worldwide. The company...
27Aug2009 | vitalstocks | 0 comments | Continued($BKC) Burger King’s Bottom Line Rises
Burger King Holdings Inc. (BKC) recently reported fourth quarter 2009 financial results with a low single-digit decline in its top-line, but a surprise double-digit growth in the bottom-line. Lower total operating expenses (down 4%), a fall in interest expense (down 9%), and...
27Aug2009 | vitalstocks | 0 comments | Continued(ARD) Rising Oil Means Invest Small and Local
by The Investment U Research Team After it’s recent run-up, oil has pulled back to just over $70. It’s moved the stock prices of a number of producers and distributors as the markets have churned recently. But even though it’s price has leveled off and supplies are relatively...
27Aug2009 | InvestmentU | 0 comments | Continued(JPM) Thrift Industry Defies Troubles
On Wednesday, regulators said that the US thrift industry had earned its first profit since the third quarter of 2007, but the number of troubled institutions continued to rise. Profit for the period ended June 30, 2009 was $4 million, compared to a loss of $1.62 billion sequentially...
27Aug2009 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial Group Misses Earnings Estimates
In a turbulent economic environment, The Hain Celestial Group, Inc. (HAIN) reported fourth quarter financial results with a double-digit fall in the bottom-line. Earnings per share (excluding one-time items) for thequarter were 28 cents, well below the Zacks Consensus Estimate...
27Aug2009 | vitalstocks | 0 comments | Continued(X) Stock Market News for August 27, 2009
U.S. stocks edged up slightly higher, after swinging back and forth in a narrow range, as investors preferred to remain on the sidelines. After yesterday’s better-than-expected reports on housing and consumer confidence, investors looked for fresh signs to help restart a...
27Aug2009 | vitalstocks | 0 comments | Continued(ATML) Atmel GAAP Loss Smaller Than Estimates
Earlier this month, Atmel Corporation (ATML) reported revenues of $284.5 million in the second quarter of 2009, up 5% sequentially but down 32% year over year. Based in San Jose, California, Atmel designs, develops, manufactures, and markets a range of semiconductor integrated...
27Aug2009 | vitalstocks | 0 comments | Continued(NOK) Nokia Innovates Mobile Money
Nokia Corp. (NOK) recently introduced an innovative wireless financial service called “Nokia Money” to help consumers access basic financial services using their mobile handset. “Nokia Money” is a 24-hour service that will enable any mobile phone user to transfer...
27Aug2009 | vitalstocks | 0 comments | Continued(BAC) New Unemployment Claims Fall Slightly
Initial claims for unemployment came in at 570,000, a drop of 10,000 from last week’s revised figure. However, last week was revised up by 4,000, so the net improvement was only 6,000 from where we thought we were. The four-week moving average dipped by 4,750 to 566,250. New...
27Aug2009 | vitalstocks | 0 comments | Continued(SBS) Tariff Adjustment to Benefit Companhia de Saneamento Basico do Estado de Sao Paulo
Earlier last week, Companhia de Saneamento Basico do Estado de São Paulo, or SABESP (SBS), declared that the Sao Paulo State Sanitation and Energy Regulatory Agency (ARSESP) approved the tariff readjustment index of 4.43% over water and sewage tariffs as of Sept 11 from 5.10%...
27Aug2009 | vitalstocks | 0 comments | Continued(KIRK) Kirkland’s Blows Past Estimates of 1 Cent by Hitting 17 Cents Per Share
Kirkland’s Inc. (KIRK) reported second quarter results with earnings of 17 cents per share, which was well above the Zacks Consensus Estimate of 1 cent. The company reported a loss of 9 cents in the prior-year quarter. The profits were primarily driven by lower freight and...
27Aug2009 | vitalstocks | 0 comments | Continued(MS) Northern Trust Corporation Repurchases TARP Warrents
Northern Trust Corp. (NTRS) on Wednesday declared that it has completed the final step to free itself from the government bailout program. The Chicago-based custody bank paid $87 million to repurchase stock warrants issued to the federal government as part of the Troubled Asset...
27Aug2009 | vitalstocks | 0 comments | Continued(HMY) Harmony Gold Mining Declares First Dividend in 5 Years
Harmony Gold Mining (HMY), the third largest producer of gold in Africa, recently declared its first dividend in the last five years. The company declared dividends of 6 cents per share for the year ended June 30 payable on Sept 21. With almost insignificant profits, Harmony...
27Aug2009 | vitalstocks | 0 comments | Continued(APWR) A-Power’s Q2 Missed Consensus Expectations by Almost 48%
A-Power Energy Generation Systems Ltd. (APWR) posted second-quarter results before the opening bell today. The company’s net income grew slightly to $6.3 million from $6.2 million in the year-ago quarter. Excluding certain items, earnings per share came in at 11 cents per share,...
27Aug2009 | vitalstocks | 0 comments | Continued(GS) Goldman Subpoenaed About Preferential Trading Tips
Goldman Sachs Group Inc. (GS) was recently subpoenaed by the Secretary of the Commonwealth of Massachusetts, William Galvin, to investigate charges that the company provided preferential treatment to big clients. The subpoena includes investigation of documents associated with...
27Aug2009 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Sees Positive Results for Skin Preparation Drug
Cardinal Health Inc. (CAH) announced that the use of the preoperative skin preparation, ChloraPrep, is significantly more effective than both DuraPrep and povidone-iodine at eliminating overall bacteria from the shoulder region. After antisepsis with ChloraPrep, only 7% of skin...
27Aug2009 | vitalstocks | 0 comments | Continued(ITUB) Itau Unibanco Expands Via Merger
Itau Unibanco Holding S.A. (ITUB) and Porto Seguro have entered into an alliance aimed at the unification of residence and automobile insurance operations. Itau Unibanco will transfer its residential and car insurance portfolio to a new company to be named Itau Unibanco Seguros...
27Aug2009 | vitalstocks | 0 comments | Continued(VOLC) Volcano Corporation Joins with Siemens AG for Equipment Resale
Volcano Corporation (VOLC) has entered into a non-exclusive, global resale agreement with Siemens Healthcare, a division of Siemens AG (SI). Per the agreement, Siemens will resell Volcano’s s5i IVUS/FFR systems and accessories along with its Artis family of x-ray systems. Volcano’s...
26Aug2009 | vitalstocks | 0 comments | Continued(GSK) Glaxo Diet Drug Under FDA Safety Review
We are disappointed with the latest decision by the US Food and Drug Administration (FDA) to review the safety features of orlistat. The drug is sold in the U.S. both as a prescription product (Xenical) and as an over-the-counter (OTC) product (Alli). The OTC version is sold...
26Aug2009 | vitalstocks | 0 comments | Continued(MXWL) Maxwell Technologies: Future is Ultracapacitors
Maxwell Technologies Inc.’s (MXWL) steadily rising revenue and improving cost structure is in-line with our expectation of break-even in the final quarter of fiscal 2009. Maxwell Technologies develops, manufactures and markets energy storage and power delivery products...
26Aug2009 | vitalstocks | 0 comments | Continued($D) Dominion Resources Seeks Federal Aid
Dominion Virginia Power (DVP), a subsidiary of Dominion Resources (D), seeks federal assistance for a carbon-capture and storage demonstration project proposed at its Virginia City Hybrid Energy Center (VCHEC) electric generation facility. Recently, DVP along with its project...
26Aug2009 | vitalstocks | 0 comments | Continued