Archive for September, 2009
(DT) Deutsche Telekom to Jettison T-Mobile UK?
Deutsche Telekom (DT), the largest telecom carrier in Germany, has reportedly initiated negotiation with rival European operators to dispose its British subsidiary T-Mobile UK, which has been contending with subscriber retention problems. The company has began preliminary discussions...
4Sep2009 | vitalstocks | 0 comments | Continued(AAPL) The Smartphone Battle
As per consumer perception, Apple Inc.’s (AAPL) iPhone and Research In Motion’s (RIMM) BlackBerry are ruling the smartphone market. So this is a cause of concern for Nokia (NOK), as the company is slightly lagging in the smartphone segment. Although Nokia management claims...
4Sep2009 | vitalstocks | 0 comments | Continued(BCR) C.R. Bard – Bull of the Day
C.R. Bard (BCR) operates in vascular, urology, oncology and surgical specialty markets. These end-markets should remain insulated from the current economic turmoil. Many of the company’s products are used in interventional medicine — life-saving surgical procedures....
4Sep2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorp- Bear of the Day
While Zions Bancorp (ZION) net interest margin and deposit growth remain satisfactory, credit quality continues to deteriorate, necessitating high levels of loss provisions. The company has been successful in enhancing capital ratios and making efforts on the cost control front,...
4Sep2009 | vitalstocks | 0 comments | Continued($XTO) Natural Gas Stockpiles Expand
Yesterday, in its weekly release, the federal government’s Energy Information Administration (EIA) reported another rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 65 billion cubic feet (Bcf) for the week ended August 28. This...
4Sep2009 | vitalstocks | 0 comments | Continued(C) Treasury Department Ups Standards for Banks
The U.S. Treasury on Thursday said that it wants the world’s banks to maintain stronger capital and liquidity standards by the end of next year to prevent a re-run of the global financial crisis from which the financial sector is gradually recovering. The Treasury would require...
4Sep2009 | vitalstocks | 0 comments | Continued(CSCO) Cisco Systems Makes $32 Million South Korean Technology Fund Investment
Cisco Systems Inc. (CSCO) has decided to invest $32 million in South Korean Investment Fund, SkyLake Incuvest & Co. The plan is to invest up to $2 billion into the country’s technology industry over the next five years. The decision was well-timed, as the company may be...
4Sep2009 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Drug Under FDA Review
Yesterday, Bristol-Myers Squibb Company (BMY) announced the acceptance of a biologic license application (BLA) for belatacept by the U.S. Food and Drug Administration (FDA). The candidate is in late-stage development for treating kidney transplant patients. The agency has set...
4Sep2009 | vitalstocks | 0 comments | Continued(COST) Costco Sales Dip Marginally
Costco Wholesale Corporation (COST), the fifth largest general retailer in the U.S., has reported a better-than-expected performance in same-store sales in August with a marginal dip of 2% compared to an average analyst prediction of 5.7%. Same-store sales measure sales at stores...
4Sep2009 | vitalstocks | 0 comments | Continued(CIEN) Ciena Beats but Guides Flat
Ciena Corporation (CIEN) announced better-than-expected results for the third quarter ended July 31 amid cautious consumer spending and weak demand. However, the more stable macro economic environment helped it deliver sequential growth, although year over year comparisons have...
4Sep2009 | vitalstocks | 0 comments | Continued(MAT) Did Mattel Manipulate the MGA Probe?
Mattel Inc. (MAT) has been accused of manipulating the MGA probe. MGA Entertainment claims Mattel tried to influence the Canadian police while they were investigating a trade secrets theft complaint brought against it by Mattel. The U.S. District Judge has ordered Mattel’s...
4Sep2009 | vitalstocks | 0 comments | Continued(AXP) Less Hunger for Term Asset-backed Securities Loan Facility (TALF)
The U.S. Federal Reserve on Thursday said that it has sanctioned $6.5 billion in loans to investors under its Term Asset-backed Securities Loan Facility (TALF). This action follows investors’ application for loans to buy securities backed by auto, credit card and other types...
4Sep2009 | vitalstocks | 0 comments | Continued(COO) Cooper Companies Misses Estimates by 13%
The Cooper Companies Inc. (COO) reported fiscal third-quarter results yesterday after market close. The company posted GAAP earnings of $21.9 million or 48 cents per share, compared to $17.9 million or 39 cents per share in the year-ago period. Excluding restructuring charges,...
4Sep2009 | vitalstocks | 0 comments | Continued(JCP) JC Penney Monthly Sales in-Line With Guidance
J. C. Penney Company Inc. (JCP) a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings – recently reported sales results for the four-week period ended August 29, 2009. The company’s comparable-store sales for the month...
4Sep2009 | vitalstocks | 0 comments | Continued(GHDX) Good News for Genomic Health
Yesterday, Genomic Health, Inc. (GHDX) announced that a number of leading U.S. surgeons ask for Genomic Health’s Oncotype DX breast cancer assay at the time of surgery or biopsy, in an effort to provide patients with prompt, critical information about treatment options...
4Sep2009 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Delays Construction
Recently, the media reported that Canadian gold miner Barrick Gold Corporation (ABX) has delayed construction of its Pascua Lama mining project in Chile due to pending environmental permits. In July of this year, Barrick Gold had announced the start of the construction of Pascua...
4Sep2009 | vitalstocks | 0 comments | Continued(NBR) Patterson-UTI Energy Rig Count Edges Up
Yesterday, one of the largest onshore contract drillers in the U.S., Patterson-UTI Energy, Inc. (PTEN) said its August 2009 drill rig count averaged 72, up from 65 in the previous month. The company operated 69 rigs in the U.S. and 3 in Canada in August, compared to 63 rigs in...
4Sep2009 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club’s August Sales Decline
BJ’s Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, recently reported sales for the four-week period ended August 29, 2009. The sales for the month declined 1.9% to $757.6 million from $772.6 million reported in the same month last year. Comparable...
4Sep2009 | vitalstocks | 0 comments | Continued(SINA) SINA Corporation Trades in Line – Downgraded to Neutral
SINA Corporation (SINA) has been downgraded from Outperform to Neutral, indicating that the stock would be trading in line with the industry. The company is a leading provider of online media and value-added information services to the global Chinese community. Although SINA’s...
4Sep2009 | vitalstocks | 0 comments | Continued(SHPGY) Shire Receives FDA Approval for Intuniv
We are pleased to hear that yesterday, the US Food and Drug Administration (FDA) has approved Shire Plc’s (SHPGY) Intuniv (guanfacine) extended release tablets. The drug is for the treatment of attention-deficit hyperactivity disorder (ADHD) in children and adolescents aged...
4Sep2009 | vitalstocks | 0 comments | Continued(MAC) The Macerich Company Forms Joint Venture
The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently formed a joint venture with GI partners, a trans-Atlantic private investment firm, at Flatlron Crossing Mall in Broomfield, Colorado. Spread across 1.4 million square feet, Flatlron Crossing...
4Sep2009 | vitalstocks | 0 comments | Continued(ARW) Arrow Electronics Aims at Bigger Targets
Arrow Electronics Inc. (ARW) announced that its business segment Enterprise Computing Solutions (ECS) has been named an authorized professional service partner (APSP) in the NetApp partner program in Denmark, France, Germany and the U.K. The APSP authorisation enables Arrow to...
4Sep2009 | vitalstocks | 0 comments | Continued(GLD) The World of Commodities: The Future Of The Gold, Silver, Corn & Sugar Markets
by Lee Lowell, Advisory Panelist When you have a mix of bullish fundamental factors backed up by the usual bout of speculation, you’ve got a juicy recipe for higher prices. The world of commodities is a prime example of this. And nowhere is this trend more evident at the...
4Sep2009 | InvestmentU | 0 comments | Continued(SNDK) Samsung Electronics Cancels SanDisk Aquisition Plan
Samsung Electronics Co. Ltd, the world’s largest maker of computer memory chips, has officially announced that it is not pursuing its $5.9 billion acquisition plan of the U.S. flash memory giant SanDisk Corporation (SNDK). A Samsung spokesperson stated in a filing to the Korea...
4Sep2009 | vitalstocks | 0 comments | Continued(BIIB) Court Rules in Favor of Biogen Idec
Biogen Idec (BIIB) received good news yesterday in the form of a favorable court ruling in its dispute with partner Elan Corp. PLC (ELN) regarding their 10-year collaboration for multiple sclerosis drug Tysabri. As a reminder, Elan took Biogen to court in early August 2009 in...
4Sep2009 | vitalstocks | 0 comments | Continued(VZ) Verizon Hikes Dividend Again
Verizon (VZ), the largest US wireless carrier, has increased its quarterly dividend by 3.3% to 47.5 cents per share, equating to approximately 6.3% yield. Annualized, this increases the company’s dividend to $1.90 per share, reflecting 6% growth from the current dividend of...
4Sep2009 | vitalstocks | 0 comments | Continued(LVS) Las Vegas Sands Corporation Strengthens Balance Sheet
Las Vegas Sands Corporation (LVS) has announced its intention to infuse up to $600 million of capital through the sale of exchangeable bonds to strengthen up its balance sheet prior to the scheduled Hong Kong initial public offering (IPO) of its subsidiary. The bonds will be...
4Sep2009 | vitalstocks | 0 comments | Continued(KG) FDA Advisory Panel to Review Acurox
King Pharmaceuticals, Inc. (KG) and Acura Pharmaceuticals, Inc. (ACUR) recently met with the U.S. Food and Drug Administration (FDA) to discuss the agency’s response to the New Drug Application (NDA) for Acurox (oxycodone HCl and niacin). The companies and the agency agreed...
4Sep2009 | vitalstocks | 0 comments | Continued(LMT) Lockheed Scores a Nice Air Force Contract
Lockheed Martin Corporation (LMT) bagged a $421.1 million contract from the U.S. Air Force for upgrading the Air Force’s command and control center, Weapon System Integrator. The company will provide systems engineering, integration, modernization, maintenance, management and...
4Sep2009 | vitalstocks | 0 comments | Continued(ASR) Mexican Airlines Fight Turbulence
Mexican airport operator Grupo Aeroportuario del Sureste, S.A.B. de C.V., aka ASUR (ASR) announced the total passenger traffic for the month of August 2009. During the month, total passenger traffic decreased 12.8% year over year. Total passenger traffic fell to 1.3 million from...
4Sep2009 | vitalstocks | 0 comments | Continued