Archive for October, 2009
(RY) Royal Bank of Canada to Buy JPMorgan’s Registered Investment Advisor Unit
Royal Bank of Canada (RY) announced yesterday that it has agreed to acquire JPMorgan Chase & Company’s (JPM) third-party registered investment advisor (RIA) servicing business. Royal Bank of Canada (or RBC) took this step to expand its U.S. wealth management division. Following...
3Oct2009 | vitalstocks | 0 comments | Continued(PLD) ProLogis Announces Solar Project in Spain
ProLogis (PLD), one of the leading global providers of distribution facilities, has recently announced its third new 4.8 megawatt solar project in Spain as part of its renewable energy program. The solar project would be installed on eight rooftops at ProLogis Park Sant Boi in...
3Oct2009 | vitalstocks | 0 comments | Continued(HPQ) Hewlett Packard Plans Merger of PC & Printing Divisions
As per a recent article in the Wall Street Journal, Hewlett Packard Company (HPQ) is considering merger of its Personal-Computer (PC) and Printer businesses into one single division. The combined unit would be headed by Todd Bradley, the chief of the personal computer division....
3Oct2009 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Increases Marketing Outlay
Toyota Motor (TM) seems to be regaining consumer confidence in the U.S. at a fast pace. The company has rolled out a plan to spend $1 billion on a marketing campaign to boost its U.S. sales in the fourth quarter. The marketing outlay is 30% to 40% higher than the company typically...
3Oct2009 | vitalstocks | 0 comments | Continued(PWRD) Perfect World Co. – Profits Surge 55%
Perfect World Co., Ltd (PWRD) has been setting new highs for months and with earnings keeping pace the trend should continue. Company Description Perfect World develops online gaming in China. The company specializes in huge multi-player games that drive revenue through either...
3Oct2009 | vitalstocks | 0 comments | Continued(PKG) Packaging Corporation of America – ROE of 17%, Exceeds the Industry Average of 12%
Packaging Corporation of America (PKG) continues to see upward revisions of the Zacks Consensus Estimates. Analysts are currently calling for full-year earnings of 97 cents per share, which is up from 60 cents over the past 3 months. Company Description Packaging Corporation...
3Oct2009 | vitalstocks | 0 comments | Continued(PCE) “Cash For Clunkers” Spending Takes from Savings
In August, personal income rose by $19.3 billion, or 0.2%, and disposable personal income (or DPI, essentially after-tax income) rose by $15.5 billion, or 0.1%. The increase in personal income is essentially the same as we saw in July, and in line with consensus expectations. DPI...
3Oct2009 | vitalstocks | 0 comments | Continued(GT) The Goodyear Tire & Rubber Company to Save $215 Million
The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron,...
3Oct2009 | vitalstocks | 0 comments | Continued(DVAX) Dynavax Technologies Resumes Hepatitis Study
Yesterday, Dynavax Technologies Corp. (DVAX) announced that it has resumed the late-stage registration trial of its hepatitis B (HBV) vaccine Heplisav in patients with chronic kidney disease. The trial will enroll 600 patients. Heplisav will be tested against GlaxoSmithKline...
3Oct2009 | vitalstocks | 0 comments | Continued(WATG) Wonder Auto Technology Wins Chinese Deal
Wonder Auto Technology (WATG) has revealed that one of its subsidiaries, Jinzhou Halla Electrical Equipment Co. has entered a joint development agreement with Shenzhen BYD Auto Co. Under the agreement, Jinzhou Halla will design and develop alternator prototypes for Shenzhen BYD’s...
3Oct2009 | vitalstocks | 0 comments | Continued(CRM) Salesforce.com Offers Accounting Solutions
Salesforce.com (CRM) continues to capture the headlines. The web-based software maker and a player in the “cloud computing” space now ventures into the business of selling accounting software in collaboration with a Dutch company. Salesforce has set up a company named...
3Oct2009 | vitalstocks | 0 comments | Continued(RZ) Raser Technologies Transitions to Geothermal
Raser Technologies Inc. (RZ) is gradually transiting from a developmental stage company towards a geothermal power producer. As of now, only its first geothermal plant Thermo No. 1 Plant (Hatch Plant in Utah) with an annualized capacity of 10MW is generating revenues by selling...
3Oct2009 | vitalstocks | 0 comments | Continued(DIS) Walt Disney Company Copyright Wars
Walt Disney Company (DIS) has recently won a copyright infringement case running since 1991, relating to the famous animated character ‘Winnie the Pooh.’ In 1930, Stephen Slesinger, a New York television and film producer, acquired the merchandising rights to the Pooh works...
3Oct2009 | vitalstocks | 0 comments | Continued(CHU) China Unicom Launching 3G Service in 285 Cities
Second-largest Chinese wireless carrier China Unicom (CHU) will officially launch commercial 3G wireless services on Oct 1, 2009 across 285 Chinese cities. This coincides with the company’s launch date of Apple Inc.‘s (AAPL) iPhone in mainland China. China Unicom...
3Oct2009 | vitalstocks | 0 comments | Continued(A) Fewer Revisions, But Still Positive – Earnings Trends
Key Points: Growth Third quarter expected to be down 23.8% year-over-year Fourth quarter to more than double year ago, but it is all in the Financials 2009 total net income expected to fall 7.3%, but rise 23.8% in 2010 More than half expected to post positive growth in Q4 Levels Bottom...
3Oct2009 | vitalstocks | 0 comments | Continued(KERX) Keryx Biopharmaceuticals Cancer Drug Impresses
Last week, Keryx Biopharmaceuticals, Inc. (KERX) announced that its renal cancer drug KRX-0401 (perifosine) met both primary and secondary endpoints in a mid-stage trial. KRX-0401 is in-licensed by Keryx from Aeterna Zentaris Inc. (AEZS) in the US, Canada and Mexico. The data...
3Oct2009 | vitalstocks | 0 comments | Continued(BAC) Ken Lewis Retiring from Bank of America Corporation
Ken Lewis, Chief Executive Officer and President of Bank of America Corporation (BAC), announced that he has notified the Board of Directors of his decision to retire, effective December 31, 2009. The Board will continue ongoing planning to ensure his successor is selected by...
3Oct2009 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation Reports Positive Clinical Results
Genzyme Corporation (GENZ) recently reported positive results from a randomized phase III study that was conducted with Campath (alemtuzumab) in combination with Fludara (fludarabine phosphate) in relapsed or refractory chronic lymphocytic leukemia (CLL) patients. The company...
3Oct2009 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Holdings: Positive Clinical Data
American Medical Systems Holdings, Inc. (AMMD) recently announced positive results from three major clinical studies that demonstrated high efficiency and patient satisfaction with the company’s minimally invasive treatment options for female stress urinary incontinence (SUI)...
3Oct2009 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings Cleaning Up Balance Sheet
L-3 Communications Holdings Inc. (LLL) yesterday announced that its subsidiary L-3 Communications Corporation will issue $1 billion in senior notes with coupon rate of 5.2%. The notes are due in October 2019. L-3 Communications will use the proceeds from the note issue along...
3Oct2009 | vitalstocks | 0 comments | Continued(HD) Home Depot Joins Martha Stewart Living Omnimedia in New Product Line
The Home Depot Inc (HD), the world’s largest home improvement specialty retailer, has recently announced a deal with Martha Stewart Living Omnimedia (MSO), a diversified media and merchandising company, to create a new product line of home improvement products. The strategic...
3Oct2009 | vitalstocks | 0 comments | Continued(AAI) AirTran Holdings to Bolster its Liquidity
In yet another instance of increased airline industry access to financial markets, AirTran Holdings (AAI) announced that it has signed a couple of deals that will bolster its credit position. AirTran yesterday said that it has entered into separate agreements with The Bank of...
3Oct2009 | vitalstocks | 0 comments | Continued(PRA) ProAssurance Corporation – Surprised by 43.40% in the Second Quarter
ProAssurance Corporation (PRA) saw revenues rise 14.4% in the second quarter as premiums increased. The company has surprised on estimates 3 out of 4 quarters by an average of 34.28%. PRA is trading with a forward P/E of 13.96. Company Description ProAssurance is the fifth largest...
3Oct2009 | vitalstocks | 0 comments | Continued(CTSH) Cognizant Technology Solutions – Estimates Still Climbing
Cognizant Tech’s (CTSH) estimates continue to climb, well after its latest earnings surprise. Company Description Cognizant provides software development and maintenance for companies transitioning into e-business. The company utilizes both on-site consultants and outsourced...
3Oct2009 | vitalstocks | 0 comments | Continued(GTI) GrafTech International Ltd. – Bullish 166% Growth Projection
GrafTech International Ltd. (GTI) posted much better than expected 2nd quarter earnings and has a bullish 166% next-year growth projection. Company Description GrafTech International develops and manufactures graphite and carbon material science based solutions. The company was...
3Oct2009 | vitalstocks | 0 comments | Continued(BAX) Baxter International – Bullish Earnings Projections
Baxter International (BAX) is seeing bullish earnings projections. The current full-year Zacks Consensus Estimate of $3.79 per share was increased from $3.77 over the past 3 months. For 2010, the forecast jumped from $4.24 to $4.28 over the same time frame. Company Description Baxter...
3Oct2009 | vitalstocks | 0 comments | Continued(AGU) Fertilizer’s Farming Problem – Zacks Industry Rank Analysis
Hostile takeover attempts have kept fertilizer companies in the news. The acquisition talk has helped to overshadow a negative trend that should have investors concerned – ongoing cuts to full-year profit forecasts. During the past 90 days, the Zacks Consensus Estimates...
3Oct2009 | vitalstocks | 0 comments | Continued(LWSN) Lawson Software Reports In-Line Numbers
Lawson Software Inc. (LWSN) yesterday reported revenues of $169 million in the first quarter of fiscal 2010, down 11% year over year and down 9.1% sequentially, but in line with management’s guidance of revenues between $160 million and $165 million. Excluding the unfavorable...
3Oct2009 | vitalstocks | 0 comments | Continued(T) Mobile Machine-to-Machine Market Flourishing
The machine-to-machine (M2M) wireless communications technology has become a major driving force for the next-generation mobile messaging system. M2M is a rapidly growing market opportunity. According to various industry sources, globally M2M connections may reach more than 200...
3Oct2009 | vitalstocks | 0 comments | Continued(HSP) Hospira Ups 2009 Earnings Guidance
Lake Forest, Illinois-based specialty pharmaceutical products maker Hospira (HSP) recently raised its 2009 outlook. The company now sees earnings in the range of $2.80 to $2.85 per share up from its earlier guidance of $2.70 to $2.75. Annual revenue is expected to rise by 5 to...
3Oct2009 | vitalstocks | 0 comments | Continued