Archive for September, 2009
(ERIC) LM Ericsson Telephone Wins AT&T Contract
LM Ericsson Telephone Co. (ERIC) said it has been selected as one of two suppliers for AT&T Inc.‘s (T) Wireline Access products and services. The deal is a major win for Ericsson’s wireline business in North America. It will now provide full system solutions...
8Sep2009 | vitalstocks | 0 comments | Continued(AA) Alcoa Hopeful about Aluminum
Alcoa Inc. (AA) recently realigned its Global Primary Products (GPP) business organization in order to poise the company to seize growth opportunities on economic recovery. Alcoa has named John Thuestad as the Chief Operating Officer for GPP Worldwide and Jean-Pierre Gilardeau...
8Sep2009 | vitalstocks | 0 comments | Continued(CRM) Salesforce.com Contact Manager for Small Companies
Recently, Salesforce.com (CRM) launched a software that will help small businesses manage contacts and track customer relationships at a reasonable cost of $9 per user per month. This is the “Contact Manager”, a new edition from Salesforce.com that provides the essential...
8Sep2009 | vitalstocks | 0 comments | Continued($USB) US Bancorp Backs CA IOUs
US Bancorp (USB) on Friday said it will start accepting California state-issued IOUs or registered warrants from customers as deposit from Sept. 8. It will receive IOUs till the close of business on Friday, Oct. 9 and credit interest owed on the IOUs to customers’ accounts...
8Sep2009 | vitalstocks | 0 comments | Continued(F) Moody’s Lifts Ford Motors’ Outlook
Moody’s Investors Service has improved its rating on Ford Motor (F), triggered by intensive restructuring in the company. The agency raised Ford’s corporate family rating by two notches to Caa1, though seven steps below investment grade. The agency has also revealed...
8Sep2009 | vitalstocks | 0 comments | Continued(AIG) American International Group to Sell Asset Management Business
American International Group Inc. (AIG) has reached an agreement to sell a part of its investment advisory and asset management business to Bridge Partners, L.P. for about $500 million. Bridge Partners, LP is owned by Hong Kong-based private-equity firm Pacific Century Group. The...
8Sep2009 | vitalstocks | 0 comments | Continued(DAI) Daimler Being Optimistic
Daimler (DAI), the largest luxury carmaker in Europe, expects that the company will deliver a much better performance compared to this year. It is expected that the recovery will be palpable from the fourth quarter of this year. Daimler witnessed a 17.5% fall in global vehicle...
8Sep2009 | vitalstocks | 0 comments | Continued(DCM) NTT DoCoMo Spearheads IMS Space
NTT DoCoMo (DCM), the largest wireless operator in Japan, together with its five vendors has developed major new specifications for a mechanism that delivers network-based value added services for IP Multimedia Subsystems (IMS). Other members in this collaboration are Alcatel-Lucent...
8Sep2009 | vitalstocks | 0 comments | Continued(RTN) Raytheon Company Gets Green Light on SM-6
Raytheon Missile Systems, an operating unit of Raytheon Company (RTN), received a $93.9 million contract from the Naval Sea Systems Command, authorizing the start of production of Standard Missile-6 (SM-6). The anti-air warfare missile completed tests in August 2009, validating...
8Sep2009 | vitalstocks | 0 comments | Continued(FISV) Fiserv Wins High-Profile Contracts
Recently, Fiserv, Inc. (FISV) announced that Walmart (WMT) has implemented the CheckFreePay service of Fiserv. This service will enable customers to pay bills at all Walmart locations in the United States. Customers can pay household bills, such as their utility, mobile phone,...
8Sep2009 | vitalstocks | 0 comments | Continued(MWW) Job Postings Show Improvement
According to the latest news from Monster Worldwide Inc. (MWW), online job postings surged in August and registered the highest monthly gain in four years following slow hiring activity in summer. However, it was down 24% year over year. Monster World Wide is an online recruitment...
8Sep2009 | vitalstocks | 0 comments | Continued(STR) Questar Gas Asks for Rate Decrease
Last week, Questar Gas — the retail gas distribution subsidiary of Questar Corporation (STR) — asked the Public Service Commission of Utah to allow it to reduce natural gas rates by a total $6.7 million (or about one-half of one percent). If approved by the state’s...
8Sep2009 | vitalstocks | 0 comments | Continued(ULTA) Ulta Salon Cosmetics & Fragrances Beats Q2, Guides In-line
Ulta Salon Cosmetics & Fragrances Inc. (ULTA) recently reported better-than-expected fiscal second-quarter results driven by the launch of new stores. The company’s reported net income expanded nearly 56% year over year to $5.8 million, or 10 cents per share, which comfortably...
8Sep2009 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Reports U.S. Rig Count Climbing
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers. Rigs exploring and producing in the U.S. climbed to 1,009 for the week ended Sept. 4 (as...
8Sep2009 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Fails to Impress
We were disappointed to hear that the US Food and Drug Administration (FDA) has granted standard review status to Cell Therapeutics’ (CTIC) pixantrone for the treatment of relapsed and refractory non-Hodgkin’s lymphoma (NHL). The company completed filing its rolling New Drug...
8Sep2009 | vitalstocks | 0 comments | Continued(ARRY) Setback for Array BioPharma’s Drug
Last week, Array BioPharma (ARRY) announced that its most advanced, wholly-owned MEK inhibitor, ARRY-162, which was being developed to treat rheumatoid arthritis patients, failed to achieve a better response than placebo in a mid-stage trial. The study was designed to assess...
8Sep2009 | vitalstocks | 0 comments | Continued(TEF) Telefonica and China Unicom Expand Ties
Spanish Telecom giant Telefonica (TEF) and the second-largest Chinese carrier China Unicom (CHU) reportedly expanded their strategic alliance recently. The companies joined forces to collaborate in various areas including R&D, roaming, joint procurement of equipments, infrastructural...
8Sep2009 | vitalstocks | 0 comments | Continued(ARO) Retailer Aeropostale Raises Guidance
Aeropostale Inc. (ARO) – a specialty retailer of casual apparel and accessories, targeting young women, men and children – recently reported sales results for the four-week period ended Aug. 29. The company’s comparable-store sales for the month of August increased 9%...
8Sep2009 | vitalstocks | 0 comments | Continued(TGT) Target Offers Flu Vaccination
Target Corp. (TGT) recently said that reasonably priced seasonal flu vaccinations will now be readily available at its 22 Target Clinic locations in Minnesota. The cost of flu vaccines start at only $24, while pneumonia vaccination will be obtainable for $35. The company also...
8Sep2009 | vitalstocks | 0 comments | Continued(AAPL) Toshiba to Outsource Chip Making
The technology leader in high definition products and the world’s no. 2 manufacturer of NAND flash memory chips, Toshiba Corp., plans to outsource a part of the production of its next-generation 28-nanometer (nm) system chips. According to industry sources, the chips will...
8Sep2009 | vitalstocks | 0 comments | Continued(VOD) MiFi Finds Asian Foothold
The MiFi line of products, the industry’s first Intelligent Mobile Hotspot, is getting increasing market traction. This product has been developed by Novatel Wireless Inc. (NVTL). Yesterday MobileOne, a leading mobile operator based in Singapore and part of the Vodafone...
8Sep2009 | vitalstocks | 0 comments | Continued(NBL) Noble Energy Stays Neutral
Texas-based Noble Energy (NBL) is an independent oil and gas exploration and production (E&P) company with high-grade hydrocarbon assets across the U.S. and several international locations. The low-risk development projects of the company balance its high-impact exploration...
8Sep2009 | vitalstocks | 0 comments | Continued(USTR) United Stationers Inc. Consensus Estimates Continue Rise
United Stationers Inc. (USTR) continued its string of earnings surprises in the second quarter as it beat for the fourth consecutive time. The Zacks Consensus Estimates are rising. The stock is trading with a forward P/E of 14.3. Company Description United Stationers distributes...
5Sep2009 | vitalstocks | 0 comments | Continued($CS) Credit Suisse Group Trades at a Discount to the Overall Market
Credit Suisse Group (CS) has posted huge gains over the last 4 months as the financial sector has recovered from a virtual near-death experience. Company Description Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company worldwide. The...
5Sep2009 | vitalstocks | 0 comments | Continued(RTP) Vale Miners Resuming Work
Yesterday, Brazilian miner, Vale S.A. (VALE), announced the resumption of its work in many of its idled mines. The mines were closed when the company experienced a considerable decrease in demand from Japanese and European steelmakers due to the economic crisis. The economic...
5Sep2009 | vitalstocks | 0 comments | Continued(NXY) Nexen Starts Up New Production
Alberta-based Nexen Inc. (NXY) is well-positioned for a solid growth as it continues with major developments in the U.K. North Sea, announcing the discovery of substantial additional resource and the start-up of new production. Following the successful development of the Buzzard...
5Sep2009 | vitalstocks | 0 comments | Continued(AN) U.S. to Reimburse Clunkers Dealers
The U.S. Government has pacified dealers who sold cars under the Cash for Clunkers program. It has approved $500 million in reimbursements, which are to be paid by late this month. “Cash for Clunkers,” a.k.a. the Car Allowance Rebate System (CARS), introduced by the U.S....
5Sep2009 | vitalstocks | 0 comments | Continued(KR) In Depth Look into Employment Report
By just about any measure, this has been the worst recession since the Great Depression. While I think we are coming out of it, the employment market is the last thing to turn, particularly if we follow the pattern of the last two recessions and their aftermath. We have seen...
5Sep2009 | vitalstocks | 0 comments | ContinuedDavid Rosenberg: Mr Market has a full tummy
The stock market assessment below comes from highly regarded David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates. We may well be in an entirely new phase right now. For months, the equity market had this uncanny ability to rally on any good news,...
4Sep2009 | prieur | 0 comments | Continued(MCD) Unemployment Rate Jumps to 9.7%
The employment report for August provided mixed news. Bad news first: the unemployment rate jumped to 9.7% from 9.4% in July. The July number had been a bit of an anomaly when it fell from 9.5% in June, but it was entirely a function of a lower participation rate in the workforce. The...
4Sep2009 | vitalstocks | 0 comments | Continued