Archive for September, 2009
(COP) ConocoPhillips Gets New Federal Approval on its Leases
ConocoPhillips (COP) recently received approval from federal officials to pull a collection of North Slope oil and gas leases into a new oil-field unit, a predecessor to development and production. For this purpose, the company partners with Anadarko Petroleum (APC). The leases...
4Sep2009 | vitalstocks | 0 comments | Continued(WMT) Still More on Unemployment
So how should we look at today’s jobs report — as good news since the number of jobs we are losing is slowing significantly, or as bad news since the unemployment rate is jumping? Personally I think that the number of jobs is the more significant of the two, since the...
4Sep2009 | vitalstocks | 0 comments | Continued(BWA) BorgWarner Collaborates with UQM on Alternative Energy Technology
BorgWarner (BWA) has collaborated with a Colorado-based developer of alternative energy technologies UQM (UQM) on electric powertrain products for all electric and hybrid-electric passenger vehicles. The companies are jointly integrating UQM’s PowerPhase® electric propulsion...
4Sep2009 | vitalstocks | 0 comments | Continued(SU) Suncor Energy to Exceed Targets
One month after the closure of Suncor Energy’s (SU) merger with Petro-Canada, the combined entity is on course to achieve the planned annual reductions of $300 million in operating costs and $1 billion in capex. Even the company is expecting to exceed the operating and capital...
4Sep2009 | vitalstocks | 0 comments | Continued(CHL) Chunghwa Widens Fiber to the Home Footprint
Chunghwa Telecom Co. Ltd. (CHT) is gradually expanding its subscribers’ base for FTTx (fiber to the home/building/curb) offerings. At the end of June 2009, total FTTx subscribers of the company were 1.342 million, an improvement of 25.4% year-over-year. Chunghwa is the largest...
4Sep2009 | vitalstocks | 0 comments | Continued(UTX) United Technologies’ Pratt & Whitney Gets Government Incentives
The governor of Connecticut has offered $100 million worth of incentives to jet engine manufacturer Pratt & Whitney, a United Technologies Corporation (UTX) company, to prevent the possible loss of 1,000 jobs. The five-year plan includes lifting a cap on tax credits for the...
4Sep2009 | vitalstocks | 0 comments | Continued(BDX) Becton, Dickinson and Company Receives $52 Million Government Order
Becton, Dickinson and Company (BDX) received an order from the Biomedical Advanced Research and Development Authority (BARDA) of the U.S. Department of Health and Human Services (HHS) for the purchase of syringes and needles, sharps collectors and alcohol swabs for use in national...
4Sep2009 | vitalstocks | 0 comments | Continued(TQNT) TriQuint Semiconductor Acquires TriAccess Technologies
TriQuint Semiconductor, Inc. (TQNT) yesterday announced the acquisition of TriAccess Technologies. TriAccess is a leading provider of Cable TV and Fiber-to-the-Premise (FTTP) integrated circuits for the amplification of high-quality multimedia content. TriQuint is serving as...
4Sep2009 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Knocks Earnings Out of the Park
Walter Energy Inc. (WLT) recently posted a shocking profit and shares are at a critical level. Company Description Walter Energy produces and exports coal for the steel industry. In addition the company supplies coal bed methane gas, industrial and steam coal, and metallurgical...
4Sep2009 | vitalstocks | 0 comments | Continued(ALTH) FDA Panel Gives Favorable Recommendation for Allos Therapeutics’ Drug
Yesterday, the US Food and Drug Administration’s (FDA) panel came out with a favorable recommendation regarding the approval of Allos Therapeutics’ (ALTH) lymphoma drug Folotyn (pralatrexate). The company is seeking approval of Folotyn for the treatment of relapsed or refractory...
3Sep2009 | vitalstocks | 0 comments | Continued(DD) DuPont’s Demand Improves
DuPont Titanium Technologies, a subsidiary of EI DuPont de Nemours & Co. (DD), world’s second leading chemical company stated that demand for its titanium dioxide, a pigment, used in products such as tattoo inks, food dyes and sunscreen improved in the first half of 2009. Wilmington,...
3Sep2009 | vitalstocks | 0 comments | Continued(F) Ford’s Canadian Cash for Clunkers
Ford Motor‘s (F) Canadian arm will offer customers a rebate of up to C$3,000 ($2,700) for the purchase of a new Ford vehicle in exchange for a 15-year or older vehicle. The rebate program – Recycle Your Ride – would allow customers to receive C$1,000 for purchase of...
3Sep2009 | vitalstocks | 0 comments | Continued(PWR) Quanta Services Prepares for Long-Term
Quanta Services, Inc. (PWR) signed an agreement to acquire privately-held Price Gregory Services, Inc., an energy infrastructure services provider in North America that specializes in the construction of large diameter transmission pipelines. This transaction, which is expected...
3Sep2009 | vitalstocks | 0 comments | Continued(CME) CME Group Announces August Volumes
On Sep 2, CME Group Inc. (CME) announced that August 2009 volume averaged 10.2 million contracts per day, assuming combined CME Group and NYMEX volumes. That’s down 7% from Aug 2008, but up 5% compared to July 2009. The monthly volume marked the best year-over-year performance...
3Sep2009 | vitalstocks | 0 comments | Continued(STO) Statoil’s Positive Production Outlook
After drilling an appraisal well in the northeastern segment of the Smorbukk deposit (part of the Asgard field in the Norwegian Sea), StatoilHydro (STO) has confirmed the existence of oil, gas and condensate. The result is encouraging, and development in association with the...
3Sep2009 | vitalstocks | 0 comments | Continued(GTIV) Gentiva Health Services Acquires Rush Home Care
Yesterday, Gentiva Health Services Inc. (GTIV) announced the completion of its acquisition of Rush Home Care Inc., which operates as Magna Home Health. While the financial terms of the transaction were undisclosed, the company announced that it funded the deal with its existing...
3Sep2009 | vitalstocks | 0 comments | Continued(PTR) China’s Energy Acquisition: Three Ways To Invest In China
by David Fessler, Advisory Panelist Every country needs a few basic ingredients in order to achieve healthy, sustained economic growth. Reliable sources of energy. A modern, efficient infrastructure, consisting of a good road and rail system, reliable power grids and high-speed...
3Sep2009 | InvestmentU | 0 comments | Continued(PFE) Huge Healthcare Fraud Penalty for Pfizer
The world’s largest drugmaker Pfizer (PFE) now leads the list of largest healthcare fraud settlement payers. The company yesterday announced that it finalized with the U.S. Department of Justice (DoJ) to pay a total of $2.3 billion in penalty. The penalty is related to its...
3Sep2009 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources to Raise Production
Cliffs Natural Resources Inc. (CLF) stated that its subsidiary United Taconite in Minnesota plans to ramp up production of iron ore pellet for the rest of 2009 with a moderate increase in steel demand in the last couple of months. In its recent release, Cliffs announced plans...
3Sep2009 | vitalstocks | 0 comments | Continued(IBM) IBM Wins Deal for Use of Their Sensor Technology in Supply Chain Management
A recent press release from International Business Machine (IBM) disclosed that the company won a deal from Implanet in the medical devices segment. Implanet, a manufacturer of implantable medical devices, selected IBM sensor technology to keep track of its product movement throughout...
3Sep2009 | vitalstocks | 0 comments | Continued(SID) Brazil Steelmakers Expect Recovery
Earlier this month, Brazilian steelmaker Companhia Siderurgica Nacional, aka CSN (SID), posted disappointing operating results for the second quarter of 2009. Based on the turmoil in the financial markets, revenues, EBITDA and net income were down 30%, 57% and 68% respectively...
3Sep2009 | vitalstocks | 0 comments | Continued(SUN) Oil Refiner Sunoco Sells Fuel Distribution Business
Yesterday, oil refiner and marketer Sunoco Inc. (SUN) announced the sale of certain assets of its U.S. retail heating oil and propane distribution business to specialty chemicals supplier Superior Plus Corp. Canada-based Superior has agreed to pay $82.5 million in cash for the...
3Sep2009 | vitalstocks | 0 comments | Continued(Q) Qwest Communications Boosts Network Speed
Qwest Communications (Q) is reportedly accelerating its network throughput to offer top Internet speed of 100 gigabits per second (Gbps) for its premium enterprise and government customers. The third-largest US regional carrier has already started to upgrade its fiber-based long-haul...
3Sep2009 | vitalstocks | 0 comments | Continued(CEG) Constellation Energy Group Paying Back Debt
Constellation Energy Group, Inc. (CEG) announced that it has repaid a $500 million, 6.125% fixed-rate bond solely through internal accruals. This is in-line with the company’s aim to improve liquidity and strengthen the balance sheet. Constellation Energy was able to reduce...
3Sep2009 | vitalstocks | 0 comments | Continued(TMRK) Terremark Worldwide Expands Cloud Computing
Terremark Worldwide (TMRK) has reportedly expanded its portfolio of premium cloud computing solutions with the introduction of vCloud Express service. This represents the latest addition to the company’s suite of VMware (VMW) Virtualized service offerings. vCloud Express will...
3Sep2009 | vitalstocks | 0 comments | Continued(APD) MarkWest Energy Partners Sells Hydrogen Plant
This week, natural gas pipeline operator MarkWest Energy Partners LP (MWE) completed the sale of its under-construction hydrogen facility in Texas to Air Products and Chemicals Inc. (APD), a leading global hydrogen provider. Air Products agreed to pay approximately $73.1 million...
3Sep2009 | vitalstocks | 0 comments | Continued(NOK) Nokia Partners with Facebook on Location-Based Application
Yesterday, Nokia Corp. (NOK) announced a partnership with social-networking giant Facebook to innovate a next-generation personal and location-based Internet application. Named “Lifecasting with Ovi,” this new service will enable people to publish their location and status...
3Sep2009 | vitalstocks | 0 comments | Continued(WXS) Wright Express Incorporated Beats by 42.50% in the Second Quarter
Wright Express, Inc. (WXS) saw sales growth in the second quarter and raised full year guidance. The company has surprised on the Zacks Consensus Estimate the last 2 quarters. WXS is trading with a forward P/E of 14.8. Company Description Wright Express provides payment processing...
3Sep2009 | vitalstocks | 0 comments | Continued(URBN) Urban Outfitters Books Another Earnings Surprise
Urban Outfitters Inc. (URBN) continues to thrive in a tough environment, booking another earnings surprise. Company Description Urban Outfitters is a specialty retailer whose stores include Urban Outfitters, Anthropologie, Free People, and Terrain. Stores offer men’s and...
3Sep2009 | vitalstocks | 0 comments | Continued(RL) Polo Ralph Lauren Corporation
Polo Ralph Lauren Corp. (RL) recently reported solid second-quarter results that were better than expected, pushing the company’s share price close to its 52-week high. Company Description Ralph Lauren Corp., together with its subsidiaries, designs and sells clothes and...
3Sep2009 | vitalstocks | 0 comments | Continued