Archive for September, 2009
(UIS) Unisys Wins German IT Contract
Unisys Corporation (UIS) has recently announced that its German subsidiary has won a five-year contract for information technology (IT) outsourcing services from Henkel AG & Co. Pennsylvania-based Unisys provides IT services and solutions that offer clients with expertise...
2Sep2009 | vitalstocks | 0 comments | Continued(AMB) AMB Property Signs Big Lease in Paris with Lincoln Electric Holdings
AMB Property Corporation (AMB), a leading real estate investment trust (REIT), has recently signed a leasing agreement for approximately 65,000 square feet in Paris. The deal was signed with Lincoln Electric Holdings Inc. (LECO), a leading welding equipment manufacturing company. With...
2Sep2009 | vitalstocks | 0 comments | Continued(HOLX) Hologic Breast Cancer Product Gets FDA Nod
Yesterday, the U.S. Food and Drug Administration (FDA) approved a more flexible design of Hologic Inc.’s (HOLX) MammoSite system, which provides radiation seeds to prevent recurrences of breast cancer. The company intends to launch the radiation therapy system, designed to...
2Sep2009 | vitalstocks | 0 comments | Continued(AYE) Allegheny Seeks Cost Recovery
Allegheny Energy, Inc.’s (AYE) electric delivery business unit, Allegheny Power, yesterday filed a petition with the Public Service Commission of West Virginia for the recovery of its fuel and purchased power in the state. Allegheny Power consists of Allegheny Energy’s three...
2Sep2009 | vitalstocks | 0 comments | Continued(MDVN) Three Ways to Stop Making Emotional Investment Decisions
by Marc Lichtenfeld, Advisory Panelist “You think they’re your friends, but they’re not your friends.” This was the frequent refrain from a landlord I had while in college. He was warning us on the danger of throwing parties and inviting people who we considered friends,...
2Sep2009 | InvestmentU | 0 comments | Continued(TE) Tampa Electric Submits Fuel Report
Tampa Electric, the principal subsidiary of TECO Energy (TE), recently submitted its annual fuel report to the Florida Public Service Commission (FPSC). Lower fuel and purchased power costs during the first half of 2009 and reduced estimates for the remaining half of 2009 and...
2Sep2009 | vitalstocks | 0 comments | Continued(NVAX) Novavax Scores Major Breakthrough
We are pleased to hear that the vaccine developer Novavax (NVAX) has made a major breakthrough in a phase II clinical trial of its trivalent seasonal influenza virus-like particle (VLP) vaccine candidate. While the trial carried out on 221 people (aged 18 to 49 years) showed...
2Sep2009 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Registers Positive Results From MADIT Trial
BSX: Positive Results from MADIT Trial Boston Scientific Corporation (BSX) announced positive final results from its landmark MADIT-CRT trial. The MADIT trial was conducted to evaluate the effectiveness of the company’s cardiac resynchronization therapy defibrillators (CRT-Ds),...
2Sep2009 | vitalstocks | 0 comments | Continued(JPM) California to Start Revenue Anticipation Notes Sale
During the period of September 21-23, California plans to sell $10.5 billion of so-called revenue anticipation notes (RANs) to raise money for the state government’s cash-flow needs and repay its $1.5 billion loan from JPMorgan Chase & Co. (JPM). Last week, JPMorgan...
2Sep2009 | vitalstocks | 0 comments | Continued(SHPGY) Shire Moving Up with Gaucher Drug
Yesterday, Shire plc (SHPGY) submitted its new drug application (NDA) for velaglucerase alfa, its enzyme replacement therapy for the treatment of type 1 Gaucher disease, with the U.S. Food and Drug Administration (FDA). Shire also announced that velaglucerase alfa achieved its...
2Sep2009 | vitalstocks | 0 comments | Continued($SNP) China Boosts Gas and Diesel Prices
The National Development and Reform Commission of China said that the government will increase both gasoline and diesel prices, effective today. Both the prices will increase by 300 yuan ($43.98) a metric ton, representing approximately 4%–5% over current average gasoline and...
2Sep2009 | vitalstocks | 0 comments | Continued(C) Bailed-Out Firms Under Pay Package Review
The U.S. pay czar, Kenneth Feinberg, has started a 60-day schedule to review the aptness of the richest pay packages proposed by seven financial firms that received $200 billion in government aid. Feinberg has started his review on pay packages for 25 of the most highly compensated...
2Sep2009 | vitalstocks | 0 comments | Continued(NVS) Novartis Ends NSCLC Drug Enrollment
Yesterday, patient enrollment (1200) for a phase III trial of ASA404, jointly developed by Novartis (NVS) and Antisoma for the treatment of non small-cell lung cancer (NSCLC) was completed. Novartis is conducting the trial as the development and commercialization partner (for...
2Sep2009 | vitalstocks | 0 comments | Continued(RDSA) Shell to Build Plant in Russia
Royal Dutch Shell plc (RDSA) announced the construction of a major new lubricants blending plant, the first to be built by an international oil company in Russia. The plant will be located in Torzhok in the Tver region, northwest of Moscow, and have a capacity of 200 million...
2Sep2009 | vitalstocks | 0 comments | Continued(DUK) Duke High on Wind Energy
Duke Energy (DUK) recently announced plans to set up its second-largest renewable energy facility near Casper, Wyoming. The 200 megawatt {MW} “Top of the World” project, the company’s fourth wind farm in Wyoming and ninth in the U.S., will generate enough electricity...
2Sep2009 | vitalstocks | 0 comments | Continued(LMT) Lockheed Buys Gyrocam Systems LLC, Makers of Gyrostabilized Optical Surveillance Systems
Lockheed Martin Corporation (LMT) yesterday completed the acquisition of Gyrocam Systems LLC, which develops and supplies primarily to the U.S. military – gyrostabilized optical surveillance systems and sustainment field services. Historically, Lockheed Martin has grown through...
2Sep2009 | vitalstocks | 0 comments | Continued(VZ) Verizon Slashes BlackBerry Price
Verizon (VZ) further lowered the price of BlackBerry Storm 9530 touchscreen smartphone to just $49.99 under a two-year service contract. This is the company’s second price cut on the popular handset. A customer buying a BlackBerry Storm will also get a second BlackBerry handset...
2Sep2009 | vitalstocks | 0 comments | Continued(MDCO) Medicines Company’s Angiomax Anti-Clotting Drug Promising
Medicines Co. (MDCO) yesterday presented encouraging results from its landmark HORIZONS-AMI study on anti-clotting drug, Angiomax. The company stated that treatment with Angiomax resulted in improved survival rates in patients who had suffered from the most severe form of heart...
2Sep2009 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Responds to FDA Questions on Antibiotic Drug Trials
We are pleased to hear that the US Food and Drug Administration (FDA) has accepted Johnson & Johnson’s (JNJ) response on clinical trial-related issues. Last month, the agency had warned the company for not maintaining proper records during the trial of ceftobiprole, a broad-spectrum...
2Sep2009 | vitalstocks | 0 comments | Continued(TEN) S&P Boosts Tenneco’s Outlook
Standard & Poor’s Ratings Services raised its outlook on Tenneco’s (TEN) debt to ‘Positive’ from ‘Negative’ and affirmed its ‘B-’ rating. This was attributed to the company’s better-than-expected results for the second quarter of 2009. In the second...
2Sep2009 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners Completes Texas Pipeline
Yesterday, Energy Transfer Partners, L.P. (ETP) reported that it has completed the 160-mile Texas Independence Pipeline. The $485 million, 42-inch natural gas pipeline will cater to the fast-growing Bossier and Barnett Shale natural gas resource plays of east and north-central...
2Sep2009 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Acquires Crosstex Energy’s Gas Treating Business
The largest independent owner and operator of petroleum product pipelines in the U.S., Kinder Morgan Energy Partners L.P. (KMP) entered into an agreement with Crosstex Energy Inc. (XTXI) to acquire the natural gas treating business for approximately $266 million. The purchase...
2Sep2009 | vitalstocks | 0 comments | Continued(EXC) Exelon Corporation’s PECO Upgrades Electric Substation
PECO, an electric and natural gas utility subsidiary of Exelon Corp. (EXC), recently upgraded its electric substation in Grays Ferry, Philadelphia by spending $22 million. Grays Ferry substation serves Center City and South Philadelphia and is a vital part of PECO’s transmission...
2Sep2009 | vitalstocks | 0 comments | Continued(DELL) Dell to Resell Brocade Communications Systems’ Networking Gear
As per a recent agreement between Dell Inc. (DELL) and Brocade Communications Systems Inc. (BRCD), the former gains access and will be able to sell Brocade network switches and gear. These products are targeted at large corporate data centers. Under this agreement, both companies...
2Sep2009 | vitalstocks | 0 comments | Continued(AEP) American Electric to Tap Fed Funds
American Electric Power Co. Inc. (AEP) yesterday requested for $75 million in federal stimulus funds for its Ohio gridSMART Demonstration Project. The $150 million project is intended to make the electricity distribution network more efficient, reduce emissions and create at...
2Sep2009 | vitalstocks | 0 comments | Continued(EVEP) EV Energy Partners Earnings Estimates are Rising
EV Energy Partners (EVEP) is leading its industry, estimates are on the rise, and the partnership just reported its third earnings surprise in the past year. Company Description EV Energy Partners is a Master LP that acquires and operates oil and gas properties. Fields are located...
2Sep2009 | vitalstocks | 0 comments | Continued(INTC) More Good News For Chipmakers – Zacks Industry Rank Analysis
During the past 7 days, investors received 3 signs that the outlook for the semiconductor industry is improving. First, last Wednesday, Gartner Inc. raised its forecast for worldwide semiconductor sales. The consulting firm now expects a 17.1% decline, a huge improvement from...
2Sep2009 | vitalstocks | 0 comments | Continued($ITT) ITT Corporation Beat Estimates by 32.50% in the Second Quarter
ITT Corporation (ITT) is riding out the tough global manufacturing environment. The company recently surprised on the Zacks Consensus Estimate for the fourth straight quarter. ITT is trading with a forward P/E of 13.8. Company Description ITT Corporation is a engineering and...
2Sep2009 | vitalstocks | 0 comments | Continued(MEDX) Top Delaware Funds – Mutual Fund Education
Delaware Trend A (DELTX) seeks long-term capital appreciation by primarily investing in small, growth-oriented or emerging companies. The fund uses a bottom-up approach to create a portfolio and normally maintains its position in a stock until it fully achieves its growth potential....
2Sep2009 | vitalstocks | 0 comments | Continued(MDT) Top Health Equity Mutual Funds
Today we are featuring top-performing “Health” equity mutual funds, which primarily invest in equity securities of health care and related companies. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Health Equity Funds. 3 Robust Samples Fidelity...
2Sep2009 | vitalstocks | 0 comments | Continued