Archive for September, 2009
(MDT) Medtronic Recalls Defibrillator Product
Medtronic, Inc. (MDT) is recalling some LifePak CR defibrillators as humidity may cause them to malfunction. These defibrillators were manufactured and distributed between July 9 and August 19 in 2008. The company started the process of recalling the products from July 31, 2009. Defibrillators...
18Sep2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Boosts Reserves Forecasts
Newmont Mining Corp. (NEM), the largest U.S. gold producer, is emphasizing on exploration near its existing mines in Nevada to bolster its reserves. Newmont is exploring 18 deposits near its existing mines, which could add 4 million to 7 million ounces to its gold reserves. Based...
18Sep2009 | vitalstocks | 0 comments | Continued(MLHR) Herman Miller Reports Q1 Earnings Slump
Herman Miller Inc. (MLHR) recently reported fiscal first-quarter results. The company’s GAAP net income plunged nearly 75% year over year to $8.4 million, or 14 cents per share, as the economic slump led to lackluster sales performance. Excluding charges related to restructuring...
18Sep2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Sells Lehman Brothers Claim
Morgan Stanley (MS) sold a claim on $1.2 billion of Lehman Brothers‘ (LEHMQ) liquidation to about 10 different investors this week. The claim was connected to approximately 10,000 derivative transactions for which Lehman was the counterparty. The sales price was 38.5%...
18Sep2009 | vitalstocks | 0 comments | Continued(Q) Qwest Communications Unveils New Ethernet Service
Qwest Communications (Q) introduced a new fiber-based Ethernet backhaul wholesale service for wireless operators. The service is called Qwest Mobile Ethernet Backhaul, which leverages the company’s fiber-to-the-node (“FTTN”) network (currently used for residential...
18Sep2009 | vitalstocks | 0 comments | Continued(ROK) Rockwell Automation Keeps Decline in Guidance
Rockwell Automation Inc. (ROK) recently reiterated its fiscal 2009 guidance of $1.40 to $1.70 per share, which represents a 59% to 66% year-over-year decline in earnings. Revenue for the year is expected to fall about 24% compared to 2008 due to a significant deceleration in...
18Sep2009 | vitalstocks | 0 comments | Continued(BPSG) Broadpoint Gleacher Securities Group, Inc. – Integration Yields Big Gains
Broadpoint Gleacher Securities Group, Inc. (BPSG) is producing big gains on the heels of the successful integration of what used to be 2 seperate comapanies in June. Company Description Broadpoint Gleacher Securities Group, Inc. provides a variety of financial services to institutional...
18Sep2009 | vitalstocks | 0 comments | Continued(BKR) Top Flexible Balanced Funds – Mutual Fund Commentary
Today we are featuring top-performing “Flexible” balanced mutual funds, which can invest in stocks, bonds, or cash to any degree in search of income or total return. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Flexible Balanced...
18Sep2009 | vitalstocks | 0 comments | Continued(SONC) Sonic Corporation Declares Preliminary Results
Sonic Corporation (SONC), which operates and franchises a chain of quick-service drive-in restaurants, recently declared its preliminary fourth-quarter 2009 results for the fiscal year ended August 31, 2009. Sonic’s comparable sales continue to be hurt by a battered economic...
18Sep2009 | vitalstocks | 0 comments | Continued(XTO) Natural Gas Inventory Builds at Slower Pace
Yesterday, we received a mildly positive report from the federal government’s Energy Information Administration (EIA), showing a less-than-expected rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 66 billion cubic feet (Bcf)...
18Sep2009 | vitalstocks | 0 comments | Continued(T) AT&T’s Femtocell Coming Soon
AT&T (T), the second largest U.S. wireless carrier by subscriber base, is set to unveil nation’s first 3G femtocell product. The device (called “3G Microcell”) is expected to reach select U.S. markets including Atlanta, San Antonio, Seattle and North Carolina in...
18Sep2009 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm’s FLO TV Goes Mobile
Qualcomm’s (QCOM) wholly owned subsidiary FLO TV Inc. recently decided to tap the market for live mobile TV in-vehicles. Together with its partner Audiovox Corp. (VOXX), the unit will distribute multicast mobile TV service to more than 12,000 new car dealers across 85 markets...
18Sep2009 | vitalstocks | 0 comments | Continued(HAE) Haemonetics Corporation Inks Software Deal
Haemonetics Corp. (HAE) yesterday announced that it has entered into a deal with Blood Centers of America Inc. (“BCA”), a cooperative of community blood centers, which will provide BCA members access to Haemonetics’ blood management software. Specifically, the agreement...
18Sep2009 | vitalstocks | 0 comments | Continued(ARRS) Arris Group Marching Forward with Cable Modem Termination System
Arris Group Inc. (ARRS) continues to receive increasing market traction for its industry leading C4 CMTS (Cable Modem Termination System) products. Yesterday, Bresnan Communications LLC, a mid-sized cable MSO in the U.S., decided to deploy Arris’ next-generation DOCSIS 3.0...
18Sep2009 | vitalstocks | 0 comments | Continued(ATML) Atmel Aggressive on Touch Sensing
Atmel Corp. (ATML) recently released its new maXTouch[TM] family of capacitive touchscreen controller solutions. These solutions are capable of supporting an unlimited number of unique simultaneous touches with a high video-quality screen refresh rate. Based in San Jose, California,...
18Sep2009 | vitalstocks | 0 comments | Continued(AZO) Earnings Preview for Sep 21 – 25 – Earnings Preview
We will get another look at initial third-quarter results with 11 S&P 500 companies reporting. Included in this group are AutoZone (AZO), Bed, Bath & Beyond (BBBY), General Mills (GIS), KB Home (KBH), Lennar (LEN) and Paychex (PAYX). A total of 33 companies are on the...
18Sep2009 | vitalstocks | 0 comments | Continued(SRE) Sempra Energy, BP in Wind Energy Joint Venture
A subsidiary of Sempra Energy (SRE) recently became an equal partner of a BP Plc. (BP) unit for developing a 200MW Fowler Ridge II Wind Farm in Benton County, Indiana. The Fowler Ridge joint venture is currently under construction on a 17,000-acre site, about 90 miles northwest...
18Sep2009 | vitalstocks | 0 comments | Continued(AMR) AMR Secures $2.9 Billion in Financing
AMR Corp. (AMR) recently got $2.9 billion in additional liquidity and new aircraft financing. The parent company of American Airlines and American Eagle plans to strengthen its network by reallocating capacity to hubs in Dallas/Fort Worth, Chicago, Miami and New York, and enhance...
18Sep2009 | vitalstocks | 0 comments | Continued(AMD) Advanced Micro Devices Cancels Prior Pay Cuts
Advanced Micro Devices (AMD) recently announced that the pay cuts it had initiated in January this year would be reinstated in December. Hourly workers had suffered pay cuts of up to 5%, while executives at higher rungs took bigger cuts of up to 20%. The company expected the...
18Sep2009 | vitalstocks | 0 comments | Continued(SLM) House of Representatives Approves Student Loan Bill
On Thursday, the House of Representatives approved a bill that would effectively eliminate the role of private lenders in the student loan market and establish the government as the sole lender of student loans under a program run by the US Education department. The bill, which...
18Sep2009 | vitalstocks | 0 comments | Continued(IBM) IBM, Cisco Line Up Smart Grid Partners
International Business Machine (IBM) and Cisco Systems (CSCO) recently announced the selection of Smart grid partners and products. Smart grid technology transforms the way power is distributed and used, adding intelligence throughout the grid, which ultimately results in substantial...
18Sep2009 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Charge-Offs to Increase
Fifth Third Bancorp (FITB) expects its loan charge-offs to increase in the third quarter primarily due to the increase in charge-offs associated with the Shared National Credit (SNC) examination which has been recently conducted by regulators. The company also expects its non-performing...
18Sep2009 | vitalstocks | 0 comments | Continued(INTU) Intuit Buys Mint.com
Intuit Inc. (INTU) recently agreed to acquire California-based provider of online personal financial services Mint.com for $170 million. Founded in 2007, Mint.com is a free tool which currently serves nearly 1.5 million people by allowing them to manage finances in one place...
18Sep2009 | vitalstocks | 0 comments | Continued(CBY) Cadbury Confident Beyond 2011
Cadbury plc (CBY), the world’s leading confectionary house, is confident on its growth prospects beyond 2011. Cadbury’s global leadership position in nearly half of the world’s top fifty confectionery markets, along with the company’s strength and breadth...
18Sep2009 | vitalstocks | 0 comments | Continued(REP) Repsol YPF SA to Invest in Bolivian Natural Gas Production
Repsol YPF SA (REP) on Wednesday said it will invest approximately $1.6 billion in Bolivia over the next five years. This is to boost natural gas production in the country. Following the nationalization of the oil and gas industry in 2006, Bolivia needs investment in this sector,...
18Sep2009 | vitalstocks | 0 comments | Continued($AHR) Anthracite Capital Hears from the NYSE on Listing Standards
Anthracite Capital Inc. (AHR), a real estate finance company operating as a real estate investment trust (REIT), has recently announced that it has received a notice from the New York Stock Exchange (the NYSE) for non-compliance of the continued listing standards. The NYSE continued...
18Sep2009 | vitalstocks | 0 comments | Continued(DBRN) The Dress Barn’s Q4 Exceeds
The Dress Barn Inc. (DBRN) reported fiscal fourth-quarter results after the closing bell yesterday. The company stated that GAAP net income expanded 19.5% year over year to $26.4 million, or 41 cents per share. Excluding certain items, adjusted earnings per share came in at...
18Sep2009 | vitalstocks | 0 comments | Continued(MGM) MGM Mirage Goes for Private Placement
MGM Mirage (MGM) has just announced its intention to make a private placement of $350 million worth of senior unsecured notes due 2018. The company will use the net proceeds to decrease borrowings under its senior credit agreement and for general corporate purposes. Recently,...
18Sep2009 | vitalstocks | 0 comments | Continued(IMGN) Amgen Taps ImmunoGen License
Yesterday, ImmunoGen Inc. (IMGN) announced that it has licensed its technology to Amgen Inc. (AMGN) to develop anticancer drugs. The deal allows Amgen exclusive rights to use ImmunoGen’s maytansinoid targeted antibody payload [TAP] technology for developing anticancer therapeutics...
18Sep2009 | vitalstocks | 0 comments | Continued(BLK) BlackRock Gives “Ups” to the Dollar
For those investors struggling to decide what currency to park their money in, or Americans concerned over the value of our dollar, the recent comments made by BlackRock (NYSE: BLK) should put them at ease. Lawrence Fink, Chairman and CEO of Blackrock stated that they believe...
18Sep2009 | InvestmentU | 0 comments | Continued