Archive for November, 2009
(REP) Repsol YPF to Increase Gas Production
Spain’s largest integrated oil and gas company Repsol YPF (REP) entered into an agreement with the Bolivian Government to develop the Caipipendi block. This block is located in the Tarija and Chuquisaca regions, south of Bolivia. The block includes the Margarita and Huacaya...
30Nov2009 | vitalstocks | 0 comments | Continued(YUM) Priszm Income Fund Extends Deal with Yum! Brands
Priszm Income Fund recently announced its agreement with Yum! Restaurants International to renew and extend franchise contracts covering KFC, Taco Bell and Pizza Hut restaurants at various locations in Canada. Priszm Income Fund holds nearly 60% interest in Priszm Limited Partnership,...
30Nov2009 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Poised for Shale Gas in China
Royal Dutch Shell PLC (RDSA) and PetroChina Company (PTR) have entered into a definitive agreement to jointly develop shale gas resources in southwestern China’s Sichuan province. This is the first joint development project in shale gas, in a bid to tap into an unconventional...
30Nov2009 | vitalstocks | 0 comments | Continued(ASTE) Astec Industries Earns Downgrade
Astec Industries (ASTE) is a leading manufacturer and marketer of road building equipment. The company sells equipment used in each phase of road building, from quarrying and crushing the aggregate to applying the asphalt. Uncertainty surrounding the Highway Bill renewal is currently...
30Nov2009 | vitalstocks | 0 comments | Continued(PFG) A.M. Best Affirms Principal Financial Group Ratings
Principal Financial Group Inc. (PFG) and its subsidiaries’ ratings have recently been affirmed by A.M. Best Company. The rating agency has affirmed Principal’s issuer credit ratings (ICR) of “a-” as well as the group’s existing debt ratings. Additionally, the...
30Nov2009 | vitalstocks | 0 comments | Continued(KIRK) Kirkland’s Beats Consensus Estimate
Kirkland’s Inc. (KIRK) reported third quarter results with earnings of 27 cents per share, which was well above the Zacks Consensus Estimate of 8 cents. The company reported a loss of 7 cents in the prior-year quarter. The profits were primarily driven by fewer markdowns and...
30Nov2009 | vitalstocks | 0 comments | Continued(GLNG) Golar LNG Swings to an Earnings Loss
Golar LNG Ltd. (GLNG) reported third-quarter results on Friday. The company swung to a net loss of $1.0 million, from a net income of $11.8 million in the previous quarter, which included a gain of $22.8 million related to non-cash interest rate and equity swap valuation. Loss...
30Nov2009 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Company to Divest Mine Interest
Newmont Mining Company (NEM) has agreed to sell its 14% stake of PT Newmont Nusa Tenggara, the Indonesian gold mine, to PT Multi Daerah Bersaing for about $494 million, ending the dispute with the Indonesian government over selling its shares as required under the contract to...
30Nov2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Sees Credit Ratings Upgrades
Autoliv’s (ALV) credit rating has been upgraded by both Standard and Poor’s and Moody’s Investor Service due to its strong financial position and credit-supportive financial policy. The company has suspended dividend payments and share buybacks on one hand and issued new...
30Nov2009 | vitalstocks | 0 comments | Continued(TTM) Tata Motors Turns Profitable
Tata Motors (TTM) returned to profitability in the second quarter of its fiscal year ended Sept. 30, 2009, helped by aggressive cost reduction measures and recovery of sales of its Jaguar and Land Rover brands in the U.K. The company posted a net income of Rs.217.8 million ($4.7...
30Nov2009 | vitalstocks | 0 comments | Continued(INCY) Incyte Corporation Enters Into License Agreement With Novartis
Incyte Corporation (INCY) entered into a collaboration and license agreement with Novartis AG (NVS) regarding two of its pipeline candidates – INCB18424, an oral JAK1/JAK2 inhibitor and INCB28060, an oral cMET inhibitor. While the former is currently being studied in a phase...
30Nov2009 | vitalstocks | 0 comments | Continued(BNI) Railway Industry – Industry Outlook
U.S. Rail Transport Bids Fair The U.S. rail industry includes large railroads as well as regional and local-line haul railroads carrying both freight and passengers. The industry derives a vast majority of revenue from providing Class 1 freight services. The major market segments...
30Nov2009 | vitalstocks | 0 comments | Continued(TU) Telus Corporation Expands IPTV Reach
Telus Corp (TU), Canada’s second largest telecom carrier, has reportedly expanded coverage of its Internet Protocol TV (IPTV) services in western Canada. The company’s IPTV service is now available to the residents in Lethbridge and Medicine Hat in Alberta and Campbell River...
30Nov2009 | vitalstocks | 0 comments | Continued(AGU) Agrium Grows Through Acquisitions
Last week, Agrium Inc. (AGU) announced the acquisition of 24 retail outlets Incorporatedluding 18 farm centers and 6 satellites, from Agriliance. This acquisition has expanded Agrium’s retail operations in Texas and New Mexico. Along with the 24 retail outlets and associated...
30Nov2009 | vitalstocks | 0 comments | Continued(IBM) International Business Machines to Buy Guardium
According to an Israeli newspaper, International Business Machines (IBM) is planning to acquire Guardium, a database security start-up for approximately $225 million. Guardium, a subsidiary of Israel’s Log-On Software did not provide any details on the acquisition. The...
30Nov2009 | vitalstocks | 0 comments | Continued(COCO) Undervalued Stocks: These Three Stocks Are on “Blue Plate Special”
by Marc Lichtenfeld, Healthcare Expert Monday, November 30, 2009: Issue #1147 With Thanksgiving done for another year, let’s bounce right back to business with Part 2 of my mini-series on overvalued and undervalued stocks. In my last column, I talked about stocks whose current...
30Nov2009 | InvestmentU | 0 comments | Continued($LVS) Las Vegas Sands Raises $5 Billion in Capital
Las Vegas Sands (LVS) has raised about $5 billion of capital through debt and equity financing to restart its Macau casino expansion projects that it had been compelled to close down last year due to financial constraints. Las Vegas Sands’ Macau unit, Sands China Ltd. was listed...
30Nov2009 | vitalstocks | 0 comments | Continued(THRX) Theravance Gets Major Setback From FDA
Theravance (THRX) received a major setback in the approval process of Vibativ (telavancin) for the treatment of nosocomial pneumonia (NP). Recently, the company received a complete response letter (CRL) regarding this from the US Food and Drug Administration (FDA). Although the...
30Nov2009 | vitalstocks | 0 comments | Continued(UNFI) United Natural Foods Leases New Facility
United Natural Foods, Inc. (UNFI) a leading domestic distributor of natural, organic and specialty foods, plans to lease a new distribution center in Lancaster, Texas. The new facility is expected to provide UNFI with an ideal location to support retailers throughout the Southwest...
30Nov2009 | vitalstocks | 0 comments | Continued($CHU) China Unicom Prepares for Uphone
Second-largest Chinese carrier, China Unicom (CHU) is expanding its 3G wireless handset portfolio as the company has officially announced its new cell phone brand called the “Uphone.” The device will run on the company’s proprietary “UniPlus” operating system,...
30Nov2009 | vitalstocks | 0 comments | Continued(SINA) SINA Corporation Finishes Private Equity Deal
SINA Corp. (SINA) announced the completion of private equity placement of its ordinary shares with New Wave Investment Holding Company Limited, a British Virgin Islands company established and controlled by Charles Chao, SINA’s Chief Executive Officer (CEO) and other members...
30Nov2009 | vitalstocks | 0 comments | Continued(LMNX) Luminex Corporation Posts Loss
Luminex Corporation (LMNX) reported a third-quarter loss of $0.6 million or 1 cent per share as opposed to a net income of $3.2 million or 8 cents in the comparable period of 2008. The Zacks Consensus Estimate for the reported quarter was a gain of 7 cents. The loss in the quarter...
30Nov2009 | vitalstocks | 0 comments | Continued(WPO) The Washington Post Company Cuts Costs
The Washington Post Company (WPO), a diversified education and media company, recently announced that it would close its bureau offices in New York , Los Angeles and Chicago effective Dec 31, 2009, in an effort to cut costs and focus more on local news. Consequently, three news...
30Nov2009 | vitalstocks | 0 comments | Continued(COMS) 3Com Corporation Is On a Roll
Networking major 3Com Corporation (COMS) declared that it has partnered with India’s leading IT services, business solutions and outsourcing company Tata Consultancy Services (TCS) to successfully conduct the Andhra Pradesh State Wide Area Network (APSWAN) project in India....
30Nov2009 | vitalstocks | 0 comments | Continued(CSC) Computer Science Corporation Holds Large Project Pipeline
Computer Science Corporation (CSC) continues its winning streak. The most recent gain involves the $2.9 billion information technology infrastructure management service agreement with Zurich Financial Services Group for a period of 10.5 years. Under the terms of the contract,...
30Nov2009 | vitalstocks | 0 comments | Continued(XTO) Natural Gas Stockpiles Up Slightly
Last week, the federal government’s Energy Information Administration [EIA] reported a lower-than-expected rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 2 billion cubic feet (Bcf) for the week ended November 20. This takes...
30Nov2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rigs Increase for 6th Week
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers in response to higher prices amid recent optimism about economic recovery. Rigs exploring...
30Nov2009 | vitalstocks | 0 comments | Continued(CISG) CNinsure, Inc. – Year-Over-Year Growth Rates are Expected to be 45%
CNinsure Inc. (CISG) is volatile but has posted great returns since being featured as a Zacks Rank Buy in late October. More Revisions Analysts continue to raise estimates for the Chinese Insurance company. In the past 30 days, 4 upward revisions were submitted by the 3 covering...
30Nov2009 | vitalstocks | 0 comments | Continued(LNN) Lindsay Corporation – Bear of the Day
Lindsay Corporation (LNN) is a leading manufacturer of self-propelled agricultural irrigation systems. The company stands to benefit in the long-term from the demand for increased food production driven by worldwide population growth, and the growing need for biofuels. However,...
30Nov2009 | vitalstocks | 0 comments | Continued(KONG) KongZhong CP ADS – Sales For The Period Were Up 40%
KongZhong CP ADS (KONG) is pressuring a long-term trend line at $13.50 after reporting better than expected Q3 results on Nov 11. Third-Quarter Results Sales for the period were up 40% from last year to $35.1 million. Earnings also came in strong at 12 cents per share, 2 cents...
30Nov2009 | vitalstocks | 0 comments | Continued