Archive for September, 2009
($TWC) Time Warner Cable Continues SDV Roll-Out
Time Warner Cable Inc (TWC) has decided to roll out switched digital video (SDV) in three major markets of Los Angeles , New York City, and Dallas that together account for nearly 6 million subscribers for the company. SDV technology distributes digital video content through...
17Sep2009 | vitalstocks | 0 comments | Continued(MICC) Millicom International Cellular Plans African Safari
Millicom International Cellular S.A. (MICC) is all set to complete the full divestment of its Asian operations by the end of the first quarter 2010. Last June, the company took a strategic decision to get rid of its Asian business in the face of increased competition and an extremely...
17Sep2009 | vitalstocks | 0 comments | Continued(BTU) Coal Industry – Industry Outlook
Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Based off of various recent economic indicators, the U.S. economy appears to be stabilizing. Although the rest of 2009 is likely to...
17Sep2009 | vitalstocks | 0 comments | ContinuedMore US dollar woes ahead
“The Fed and the Obama administration seem to be pursuing policies that are dollar-negative, and they give no hint of letting up,” said John Mauldin (Thoughts from the Frontline). I share this view and alluded to this in July (see “US dollar about to pop“) when I pointed...
17Sep2009 | prieur | 0 comments | Continued(CRM) Salesforce Wins General Services Administration Government Contract
Salesforce.com (CRM) recently said that its cloud computing applications were selected by the General Services Administration’s (GSA) cloud computing storehouse named Apps.gov. This online cloud computing site introduced by GSA will help US government organizations to buy...
17Sep2009 | vitalstocks | 0 comments | ContinuedSunTrust Banks To Repay TARP Loan
The Chief Executive Officer [CEO] of SunTrust Banks Inc. (STI) said on Tuesday that the bank will repay the fund it received for its participation in the Troubled Asset Relief Program (TARP) as soon as it gets the regulator’s permission. The CEO also added that the credit condition...
17Sep2009 | vitalstocks | 0 comments | Continued(SFLY) Shutterfly Inc Buys Tiny Pictures
Earlier this week, Shutterfly Inc. (SFLY) bought Tiny Pictures for $1.3 million in cash and another $1.3 million in restricted stock with some performance triggers to employees. The acquisition will help Shutterfly to expand its mobile offerings by using Tiny Pictures’ mobile...
16Sep2009 | vitalstocks | 0 comments | Continued(AVT) Avnet Expands Business in India With MosChip Semiconductor Technology
Avnet Inc. (AVT) recently entered into a distribution agreement with India-based MosChip Semiconductor Technology Ltd. Based in Phoenix, Arizona, Avnet is one of the world’s largest distributors of electronic components and computer products. MosChip provides high performance...
16Sep2009 | vitalstocks | 0 comments | Continued(YUM) Yum Brands Boosts Seafood Franchise
The listing of Long John Silver’s, the world’s most popular quick service seafood chain, in the Franchise Registry of U.S. Small Business Administration (SBA) boosts Yum! Brands’ (YUM) plan to expedite opening of new franchise restaurants. Yum! currently owns, operates,...
16Sep2009 | vitalstocks | 0 comments | Continued(BMY) Bristol Myers Squibb Sells Indonesian Unit
Bristol Myers Squibb (BMY) yesterday announced that it would sell the Asian rights to its over-the-counter (OTC) drugs to Japan’s Taisho Pharmaceutical for $160 million. Taisho will also buy Bristol’s Indonesian unit, which manufactures and sells OTC and ethical pharmaceutical...
16Sep2009 | vitalstocks | 0 comments | Continued(AA) Alcoa Opens Chinese Aluminum Facility
Alcoa Inc. (AA), the world’s leading producer of aluminum, recently started a new sheet facility in Qinhuangdao, China. Alcoa Bohai, the company’s Chinese subsidiary owns and operates the plant. Alcoa’s investment in Alcoa Bohai in 2005 was the largest foreign investment...
16Sep2009 | vitalstocks | 0 comments | Continued(WRB) WR Berkley Tries to Repay Debt
WR Berkley’s (WRB) $300 million notes were recently rated “a” by A.M. Best with a stable outlook and “BBB+” by Fitch with a negative outlook. The company will use proceeds from the notes issued on Sept. 9 for general corporate purposes Incorporatedluding the...
16Sep2009 | vitalstocks | 0 comments | Continued(WYE) Wyeth Pharmaceuticals Reports Positive Drug Data
Yesterday, Wyeth Pharmaceuticals, a division of Wyeth (WYE), announced data from a placebo-controlled late-stage study of its drug candidate bazedoxifene 20 mg in postmenopausal women with osteoporosis. The results indicated that women who took bazedoxifene had a lower risk of...
16Sep2009 | vitalstocks | 0 comments | Continued(GE) Hawaii’s Renewable Energy Revolution
by Dave Fessler, Advisory Panelist Hawaii: Pristine black sand beaches… surfing… spectacular volcanic eruptions… and miles of pineapple plantations. If you are like me, this is what comes to mind when you imagine Hawaii. What may not come to mind, though, when you think...
16Sep2009 | InvestmentU | 0 comments | Continued(LZ) Lubrizol Corporation Boosts Guidance
Lubrizol Corp. (LZ) recently raised its full-year earnings guidance to reflect improving volume trends, ongoing margin management and cost reduction initiatives. The company expects 2009 profit in the range of $5.87 to $6.17 per share Incorporatedluding restructuring and impairment...
16Sep2009 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Inc Posts Lower Revenues
Yesterday, Illinois Tool Works Inc. (ITW) posted operating revenues for the three months ended Aug 31. Operating revenues decreased 21% year over year primarily due to a 19% fall in base revenues and a 7% decline in contributions from currency translation. Based on the ongoing...
16Sep2009 | vitalstocks | 0 comments | Continued(GPRO) Millipore & Roka to Collaborate
On Monday, Millipore Corp. (MIL) announced its collaboration with Roka Bioscience Inc. to develop molecular assays and portable instruments for biopharmaceutical production. Roka Bioscience is a new, independent company created following the spin-off of the industrial testing...
16Sep2009 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger Raises its Stake in MonotaRO
W.W. Grainger, Inc. (GWW) completed its tender offer bid in Japan for 380,000 shares of MonotaRO Co., Ltd., a Japanese company, at a price of 1,010 yen ($11.11) per common share. With the completion of this transaction, Grainger has become a 53% majority owner of MonotaRO, a...
16Sep2009 | vitalstocks | 0 comments | Continued(SYMX) Synthesis Energy Systems Posts Better Numbers for ’09
Synthesis Energy Systems (SYMX) recorded improved operating as well as financial performance for the fourth quarter and the full fiscal year 2009, largely driven by soaring revenues, lower costs and a favorable impact from stock-based compensation charges. Net loss for the quarter...
16Sep2009 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial Raises Capital With Class A Stock
Genworth Financial Inc. (GNW) priced its public offering of 48 million shares of its Class A Common Stock at $11.75 each. The underwriters have the option to purchase up to 15% of the offering from Genworth if they underwriters sell more than 48 million shares. The company intends...
16Sep2009 | vitalstocks | 0 comments | Continued(HON) Industrial Production Capacity is Comming Back
In August, industrial production rose 0.8% from July, and the July increase was revised from a gain of 0.5% to a gain of 1.0%. In manufacturing, production was up 0.6% following an upwardly revised gain of 1.4% in July (was 1.0%). Output at the country’s mines rose 0.5% following...
16Sep2009 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm’s BREW Technology Gains Momentum
The BREW (Binary Runtime Environment for Wireless) technology platform is getting increasing acceptance among global broadband service providers. BREW is a proprietary technology solution developed by Qualcomm Inc. (QCOM). This is a mobile handset platform supporting both high-end...
16Sep2009 | vitalstocks | 0 comments | Continued(PLCM) Polycom Incorporated is Upgraded to Outperform
We upgrade our recommendation to Outperform for Polycom Inc. (PLCM) based on our assessment that the demand for the company’s unified collaborative communication offerings will continue to increase in the near future. As a result of the severe economic downturn, business...
16Sep2009 | vitalstocks | 0 comments | Continued(LSI) LSI Corporation Sees Better Times Ahead
LSI Corp. (LSI) recently said it would collaborate with Aricent to accelerate the deployment of its wireless and wireline networking infrastructure and enterprise networking systems. The companies currently offer pre-integrated software stacks for multi-service business gateways...
16Sep2009 | vitalstocks | 0 comments | Continued(CSIQ) Canadian Solar Inc Focuses on Efficiency
Canadian Solar Inc. (CSIQ) recently signed a joint technology development and transfer contract to apply a metal wrap-through (MWT) cell technology to the production lines of the Energy Research Center of the Netherlands. The agreement is in line with the company’s plan...
16Sep2009 | vitalstocks | 0 comments | Continued(EQR) Consumer Prices Up Slightly
The Consumer Price Index [CPI] rose 0.4% in August on a headline basis, a tick higher than consensus expectations of 0.3%. If food and energy are stripped out, prices rose 0.1%, in line with expectations. On a headline basis this follows an unchanged reading in July and a 0.7%...
16Sep2009 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceuticals’ Copaxone Challenged
Shares of generic player Teva Pharmaceuticals, Inc. (TEVA) were down approximately 2% on news regarding the acceptance of an abbreviated new drug application (ANDA) for its multiple sclerosis drug, Copaxone. The ANDA, filed by generic company Mylan, Inc. (MYL) was accepted for...
16Sep2009 | vitalstocks | 0 comments | Continued(SLM) Fitch Ratings Downgrades Sallie Mae
The corporate ratings of student lender SLM Corp. or Sallie Mae (SLM) was downgraded by Fitch Ratings yesterday. The outlook assigned was negative. The ratings downgrade reflects the agency’s concern about the company’s business model. Fitch expects the company to continue...
16Sep2009 | vitalstocks | 0 comments | Continued(ORLY) O’Reilly Automotive Upgraded
We have upgraded the recommendation on O’Reilly Automotive (ORLY) from Neutral to Outperform. This reflects the company’s improving outlook due to an excellent growth strategy, dual market strategy and a strong distribution network. O’Reilly has a competitive advantage...
16Sep2009 | vitalstocks | 0 comments | Continued(ABT) New Market for Abbott’s XIENCE V
Abbott’s (ABT) XIENCE V Everolimus Eluting Coronary Stent System received approval from the Chinese State Food and Drug Administration (SFDA) for the treatment of coronary artery disease (CAD). Abbott is looking to launch the product in the fourth quarter. In our opinion, the...
16Sep2009 | vitalstocks | 0 comments | Continued