Archive for September, 2009
(AYE) Allegheny Energy Announces Debt Issue
Allegheny Energy (AYE) yesterday announced that its unregulated generation subsidiary Allegheny Energy Supply Company LLC (AE Supply) will issue $600 million aggregate principal amount of senior unsecured notes. Of the $600 million notes to be issued, $350 million notes come...
23Sep2009 | vitalstocks | 0 comments | Continued(OPXT) Opnext Expands 40Gbps Portfolio
Opnext Inc. (OPXT) recently announced two additions to its 40Gbps product portfolio. The company stated that the new DQPSK modules for DWDM transmission and its new compact VSR modules for client applications will respond better to customer demand for longer reach and smaller...
23Sep2009 | vitalstocks | 0 comments | Continued(NEU) NewMarket Corporation – Bullish Forecasts and a Surging Share Price
NewMarket Corporation (NEU) continues to see higher Zacks Consensus Estimates as it trades near a 52-week high. Analysts polled by Zacks are calling for 2009 earnings of $8.14 per share, an increase of 30% over the past 2 months. Company Description NewMarket Corporation develops,...
23Sep2009 | vitalstocks | 0 comments | Continued(SNDA) IPOs Heating Up Markets
by Martin Denholm, Senior Editor What would you do with $3.5 billion? While you decide between a luxury beach house on your own private island in the South Pacific, or a Swiss-style log cabin in the Alps, Corporate America is mulling over an option that isn’t nearly as sexy,...
23Sep2009 | InvestmentU | 0 comments | Continued(GIS) General Mills Beats Consensus & Raises Estimates
General Mills Inc. (GIS) reported strong results for the first quarter of fiscal 2010, with earnings of $1.28. Earnings were well above the Zacks Consensus Estimate of $1.03 and up 33% year-over-year. Profits were driven by lower commodity costs and strong demand for the company’s...
23Sep2009 | vitalstocks | 0 comments | Continued(NXY) Nexen Inc Completes Drilling Program
Alberta-based Nexen Inc. (NXY) recently completed three well drilling programs in the Dilly Creek area of the Horn River shale gas property. Following the success of its drilling program in the last two winters, the company now has five wells in this area. These wells currently...
23Sep2009 | vitalstocks | 0 comments | Continued(F) How’s “Cash for Castles” Doing?
The $8,000 tax credit for first-time home buyers is going to expire on November 30th. People have to close by that date, which means they really have to agree to buy within the next few weeks. The housing market has begun to rebound a bit, and the tax credit has been part of...
23Sep2009 | vitalstocks | 0 comments | Continued(HBAN) Huntington Bancshares Offers $400 Million Public Offering
Last Friday Huntington Bancshares Incorporated (HBAN) has commenced a public offering of $400 million worth of common shares to strengthen its common equity position. The company has priced 95.2 million shares of its common stock at $4.20 per share. Additionally the underwriters...
23Sep2009 | vitalstocks | 0 comments | Continued(RKT) RockTenn Company – Posted Record Earnings Per Share in the Third Quarter
RockTenn Company (RKT) has surprised on the Zacks Consensus Estimate 3 out of the last 4 quarters and has posted record earnings in both the first and third quarters. Can the company do it again when it reports fourth quarter in November? Company Description RockTenn manufactures...
23Sep2009 | vitalstocks | 0 comments | Continued(GILD) Top Franklin Templeton Funds – Mutual Fund Education
Franklin Biotechnology Discovery A (MAPTX) seeks capital appreciation by primarily investing in securities of biotechnology companies and discovery research firms. This non-diversified fund may invest a substantial portion of assets in equity securities of smaller capitalization...
23Sep2009 | vitalstocks | 0 comments | Continued(ONXX) Bayer’s Cancer Drug Shows Benefit
In a positive development, Bayer (BAYRY.PK) released encouraging results from a phase II trial of regorafenib in patients with metastatic renal cell carcinoma (RCC), a type of kidney cancer. The phase II trial was carried out on 49 previously untreated patients whose tumors could...
23Sep2009 | vitalstocks | 0 comments | Continued(ATI) Allegheny Technologies to Buy Units From Crucible Materials Corporation
Recently, the world’s largest specialty metals producer Allegheny Technologies Inc. (ATI) bought the assets of Crucible Compaction Metals and Crucible Research for $40.95 million following a bankruptcy court auction. The transaction is expected to close by Oct. 31. The company...
23Sep2009 | vitalstocks | 0 comments | Continued(ACGY) Acergy Scores Pipeline Contract From Total in Angola
Yesterday, Acergy (ACGY) said it won a contract worth about $110 million from Total (TOT) E&P Angola and BP Angola (Block 18) B.V. The deal involves the installation of over 70 kilometers of 24-inch pipeline from Block 2, together with related jumpers, PLET and tie-ins to...
23Sep2009 | vitalstocks | 0 comments | Continued(BMRN) BioMarin Pharmaceutical Begins Mid-Stage Trial
Yesterday, BioMarin Pharmaceutical Inc. (BMRN) said it started a mid-stage study of PEG-PAL for the treatment of phenylketonuria (PKU). The company expects initial results from the study in mid-2010. It is co-developing the candidate with Merck Serono (MRK). The primary objective...
23Sep2009 | vitalstocks | 0 comments | Continued(CALD) Callidus Software Expands in China
Callidus Software Inc. (CALD) recently announced a partnership with HAND Enterprise Solutions Company, a leading Chinese IT services company. Under the agreement, HAND will resell, implement and support Callidus Software’s sales performance management solutions in China. Based...
23Sep2009 | vitalstocks | 0 comments | Continued(ERIC) LM Ericsson Telephone Co. Launches Mobile Broadband Module
LM Ericsson Telephone Co. (ERIC) recently launched its mobile broadband module specifically designed to bring high-speed wireless connections to a new generation of consumer electronic devices. Intended for immediate incorporation in e-book readers, GPS navigators and other...
23Sep2009 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Beats World Record
Suntech Power Holdings Co. Ltd. (STP) recently set a new world record for multi-crystalline module conversion efficiency (aperture area only) of 16.53%. The company topped its own prior record of 15.6% set in the last month which beat the long-standing world record of 15.5%...
23Sep2009 | vitalstocks | 0 comments | Continued(INTC) Debunking The Paradox of Thrift: Why Consumer Spending Won’t Save Our Economy
by Mark Skousen, Contributing Editor “America’s saving rate has leaped ahead – and it’s sending America to the poorhouse.” – David Fessler An Investment U column attacking the virtue of thrift – surely not? Yet there it was – an article from David Fessler on...
23Sep2009 | InvestmentU | 0 comments | Continued(WPO) Washington Post’s Kaplan Educational Division Keeps Growing
Kaplan Inc., a subsidiary of Washington Post Co. (WPO), recently formed a strategic alliance with web-based education firm ConnectEDU Inc. to provide industry-leading test preparation instruction manuals for admission to various courses. Under terms of the deal, students enlisted...
23Sep2009 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company Introduces Module Variant
Suntech Power Holdings Company Ltd. (STP) introduced a new 60 cell multi-crystalline photovoltaic (PV) Module Rooftop Systems targeted towards the Residential and Commercial segments. The new variant of PV module will be marketed under the product name Wd and is lighter than...
23Sep2009 | vitalstocks | 0 comments | Continued(PALM) Buying PALM Isn’t So Smart
Shares of PALM (PALM) surged to new highs today on strong volume. Optimism about the forthcoming secondary offering and rumors about a possible bid from Nokia (NOK) are the primary reasons. Also sitting on traders’ minds is talk of a paid app store launching on Thursday. Unfortunately,...
23Sep2009 | vitalstocks | 0 comments | Continued(CSCO) Cisco Systems Partners With Pelco for Internet Protocol Security Cameras
Cisco Systems Inc. (CSCO) recently signed a strategic technology agreement with Schneider Electric’s Pelco unit. The company will initially co-brand Pelco’s high-definition Internet Protocol (IP) video security cameras that utilize its patented Sarix technology. The Sarix...
23Sep2009 | vitalstocks | 0 comments | Continued(MRK) Merck Seeks European Union Approval of its Schering-Plough Purchase
Yesterday, Merck & Co. (MRK) announced that it is seeking approval from the European Union (EU) for its $41.1 billion acquisition of Schering-Plough Corp. (SGP). The regulatory authorities in the EU are expected to pass a verdict on the matter by Oct. 23. Merck filed for...
23Sep2009 | vitalstocks | 0 comments | Continued(AZO) AutoZone Meets Consensus Estimates
AutoZone (AZO) reported a 3.1% year-over-year fall in its profit to $236.1 million or $4.43 per share for the fourth quarter of its fiscal year ended August 29, 2009. However, excluding the additional week in last year’s fourth quarter results, the profit increased from...
23Sep2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group to Invest in Chinese Carmaker
An investment arm of Goldman Sachs Group Inc. (GS) is poised to invest about $250 million in Geely Automotive – China’s largest privately-owned carmaker – by purchasing the company’s convertible bonds and warrants. Geely Automotive is the Hong Kong-listed...
23Sep2009 | vitalstocks | 0 comments | Continued(IBM) International Business Machines to Buy RedPill Solutions
International Business Machines (IBM) said this morning that it would buy a privately held Singapore-based company, RedPill Solutions, to expand in analytics and optimization, particularly in the financial services and telecommunication business area. While financial details...
23Sep2009 | vitalstocks | 0 comments | Continued($MOT) Motorola Wins Major Digital Modem Contract
Recently, Motorola Inc (MOT) was awarded a contract to supply EuroDOCSIS 3.0 digital video modems to UPC Broadband for its pan-European network. UPC Broadband is the European division of Liberty Global Inc (LBTYA), the largest cable TV operator in Europe. Using Motorola’s SBV6120E...
23Sep2009 | vitalstocks | 0 comments | Continued(WYNN) Casinos Returning to Blue Chip Status
It’s been no secret that we’ve been bullish on the casino sector for some time. From Doubling down on Casinos and Bank Pullback Exposes Casino Opportunities in April, there has been a lot of potential. Last week we asked if the casino sector had gotten too hot. And for...
23Sep2009 | InvestmentU | 0 comments | Continued($ORCL) European Commission Delay in Oracle-Sun Microsystems Merger Hurts
At an event in San Jose, Mr. Larry Ellison, the Chief Executive and Chairman of Oracle Corp. (ORCL), the largest software company said that its proposed acquisition of Sun Microsystems, Inc. (JAVA) for $7.4 billion ($9.50 a share) has been slowed by an ongoing antitrust review...
23Sep2009 | vitalstocks | 0 comments | Continued(AMZN) Amazon Grows With Amazon Web Services
A Step Forward for Amazon Web Services Amazon.com (AMZN) has recently introduced the Amazon Web Services (AWS) Solution Providers Program for Independent Software Vendors and Systems Integrators with offerings built on AWS. The AWS is an infrastructure platform which includes...
23Sep2009 | vitalstocks | 0 comments | Continued