Archive for October, 2009
(AZN) AstraZeneca and Nektar Therapeutics Deal to Add Value
Recently, AstraZeneca (AZN) entered into a licensing deal with Nektar Therapeutics (NKTR) for two of its pipeline candidates, NKTR-118 and NKTR-119. With the former having completed a phase II trial for the treatment of opioid-induced constipation, the latter, in early stage...
3Oct2009 | vitalstocks | 0 comments | Continued(DT) T-Mobile and Orange Merge UK Operations
German telecom carrier Deutsche Telekom (DT) and France Telecom (FTE) are merging their UK operations in a 50-50 joint venture. The companies have initiated negotiations and an agreement is likely to be signed by the end of October 2009. If and when the deal is finalized, Deutsche...
3Oct2009 | vitalstocks | 0 comments | Continued(NVDA) Is the Jobs Data a Concern?
Fears about the pace of the recovery have caused stocks to tumble. Technology stocks are being particularly hit hard with NVIDIA (NVDA) and Micron Technology (MU) down by more than 5% on the day. Financials and homebuilders are also faring poorly. Both Zions Bancorp (ZION) and...
3Oct2009 | vitalstocks | 0 comments | Continued(PCU) Dr. Copper: Sending Pullback Signal?
Copper has long been called the “metal with the PhD” or the “smart” metal because of its apparent ability to predict changes in the economy based on metal demand and pricing. Copper is used in many industrial capacities, but especially in piping in residential...
3Oct2009 | vitalstocks | 0 comments | Continued(IART) Integra LifeSciences Holdings Launches New Product
Integra LifeSciences Holdings Corporation (IART) recently launched a smaller configuration of the innovative Accell Evo3 Demineralized Bone Matrix. This provides surgeons with the flexibility to use the device in surgical procedures where smaller amounts of demineralized bone...
3Oct2009 | vitalstocks | 0 comments | Continued(INFY) Investing in Emerging Markets: Three Reasons Why You Should Buy India, Not China
by Karim Rahemtulla, Advisory Panelist India has come a long way since 1997. The year marked my first trip to the country – and I remember it well, as I headed back to America with a resounding “sell” ringing in my ears with regard to India’s investments. At that time,...
3Oct2009 | InvestmentU | 0 comments | Continued(MCD) After McDonald’s Raises, Yum! Brands Does
After McDonald’s Corporation (MCD) announced an increase in its quarterly dividend by 10% to 55 cents a share last week, another fast food company, Yum! Brands Inc. (YUM) followed suit. Yum!, the operator of Taco Bell, Pizza Hut and KFC fast food chains, recently raised its...
3Oct2009 | vitalstocks | 0 comments | Continued(PLXS) Plexus: Earnings Preview
As an engineering-focused EMS player and a leading provider of electronic manufacturing services [EMS] to original equipment manufacturers (OEMs), we believe Plexus Corp. (PLXS) is well positioned to benefit from the increasing trend of outsourcing at the medical, industrial...
3Oct2009 | vitalstocks | 0 comments | Continued(UAUA) United Airlines’ Parent Company Plans to Raise Funds
UAL Corp. (UAUA), the parent company of United Airlines, has announced a new public offering of $19 million common stock and $175 million convertible senior notes due 2029. The issue has been made in an attempt to raise cash for operations for the coming winter season when demand...
3Oct2009 | vitalstocks | 0 comments | Continued(BAC) More Bank Loses? – Employment Report in Depth
Ugly, just plain ugly — that’s the best way to describe the September employment report. The economy dropped 263,000 jobs in the month, and 7.2 million now since the start of the recession back in December of 2007. The total number of unemployed rose to 15.1 million,...
3Oct2009 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Earns New Device Approval
St. Jude Medical, Inc. (STJ) received the CE (Conformite Europeenne) Mark of approval for the world’s smallest, longest-lasting rechargeable deep brain stimulation [DBS] device, known as the Brio neurostimulator. The device is used for treating symptoms of Parkinson’s disease. The...
3Oct2009 | vitalstocks | 0 comments | Continued(COF) Over 1 Million Bankruptcies in 2009
According to a report released today by the American Bankruptcy Institute (ABI), there have now been 1.046 million personal bankruptcies since the start of the year. This is the highest since the first nine months of 2005 when people were rushing to file before the draconian...
3Oct2009 | vitalstocks | 0 comments | Continued(RF) Regions Financial Corporation Eliminates Overdraft Fees
Pursuant to the overdraft reforms pressed by Congress, Regions Bank, a subsidiary of Regions Financial Corporation (RF) announced changes to its overdraft fee policies. It announced to overhaul the overdraft fees on consumers in case the account is overdrawn by less than $5 dollars. The...
3Oct2009 | vitalstocks | 0 comments | Continued(ALU) Alcatel-Lucent Gets Next Generation Broadband FCC Validity
Alcatel-Lucent (ALU) announced that it has reached a crucial milestone in the development of its next-generation wireless broadband solution following validity certification from the U.S. Federal Communications Commission (FCC). The company became the first vendor to have FCC-certified...
3Oct2009 | vitalstocks | 0 comments | Continued(MFC) Manulife Financial Corporation Completes AIC Deal
Manulife Financial Corporation (MFC) has closed the transaction to purchase AIC’s Canadian retail investment fund business. This acquisition significantly expands Manulife’s wealth management reach. All AIC funds in Canada will now be managed by Manulife Mutual Funds,...
3Oct2009 | vitalstocks | 0 comments | Continued($OPXT) Opnext Expands 40Gbps Product Portfolio
Opnext Inc. (OPXT) recently announced two additions to the company’s 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...
3Oct2009 | vitalstocks | 0 comments | Continued(CRM) Salesforce.com Lands Government Deal
Salesforce.com (CRM) recently said that its cloud computing applications were selected by the General Services Administration’s (GSA) cloud computing storehouse named Apps.gov. This online cloud computing site introduced by GSA will help US government organizations to buy and...
3Oct2009 | vitalstocks | 0 comments | Continued(ALU) Move Away from WiMAX Technology Continues
The much-hyped next-generation (4G) technology of WiMAX is quickly losing ground to the alternative technology of Long-Term Evolution (LTE). Large telecom infrastructure equipment makers are gradually shifting from WiMAX to LTE, and as a result the WiMAX field is getting less...
3Oct2009 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Eyeing Higher Charge-offs
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 that has been recently conducted by regulators. “The company, which intends...
3Oct2009 | vitalstocks | 0 comments | Continued(MOT) September Bonanza for Motorola
Struggling mobile phone maker Motorola Inc (MOT) is sailing through nicely with its Broadband Mobility (consisting of Home & Network Mobility and Enterprise Mobility segments) businesses. On Sept. 29, Cincinnati Bell Inc. (CBB) has selected Motorola’s gigabit passive...
3Oct2009 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Reaches More US Markets
MetroPCS (PCS), a leading provider of unlimited pre-paid wireless service in the US, has reportedly expanded its national unlimited service coverage to include new markets in the Midwest, Northwest and parts of the Eastern US. This expansion has nearly doubled the number of...
3Oct2009 | vitalstocks | 0 comments | Continued(TEF) Telefonica Prepares 4G LTE Trial
Spanish Telecom giant Telefonica (TEF) has unveiled the details of a large-scale field trial project related to the company’s 4G network services, which is based on the Long Term Evaluation (“LTE”) mobile broadband technology. The company will test run its 4G LTE network...
3Oct2009 | vitalstocks | 0 comments | Continued(WSH) Willis Group Holdings Limited Finalizes Tender Offer
Willis North America Inc., a subsidiary of Willis Group Holdings Limited (WSH), today announced the final results of its cash tender offer to purchase any and all of its 5.125% senior notes due 2010. The net proceeds from the offer came to $159,788,000. All of the 2010 notes...
3Oct2009 | vitalstocks | 0 comments | Continued