Archive for November, 2009
(ALNY) Alnylam Pharmaceuticals Posts Wider Loss
Alnylam Pharmaceuticals Inc. (ALNY) reported a third-quarter loss of 22 cents per share, below the Zacks Consensus Estimate of 24 cents but wider than the year-ago loss of 7 cents. The higher loss in the quarter is attributable to higher stock based compensation and legal expenses. Revenues...
14Nov2009 | vitalstocks | 0 comments | Continued(WFC) Federal Reserve Announces New Rules for Bank Overdraft Fees
On Thursday, the Federal Reserve finally announced rules that will prohibit banks from charging overdraft fees at ATMs and one-time debit card transactions without the consent of customers. The rules, which will be effective July 1, 2010, appear in response to growing consumer...
14Nov2009 | vitalstocks | 0 comments | Continued(CIEN) Ciena Corporation Purchases NT’s Ethernet Business
The telecommunication and network specialist, Ciena Corporation (CIEN) announced that it has received regulatory approval for the proposed acquisition of substantially all of Nortel Network Corp.’s (NT) optical and Ethernet division. The company has been granted termination...
14Nov2009 | vitalstocks | 0 comments | Continued(COF) U.S. Credit Card Issuers Challenged
Fitch Ratings said on Wednesday that it expects U.S. credit card issuers to remain challenged with respect to their earnings over the near term as a result of soaring unemployment, bankruptcies and losses. Major credit card issuers continue to face severe losses as the U.S. unemployment...
14Nov2009 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard to Acquire 3Com
Hewlett Packard Company (HPQ) is planning to take over networking gear maker 3Com Corporation (COMS). The acquisition, valued at $2.7 billion, enables HP to challenge networking leader Cisco Systems Inc. (CSCO) on its own turf. HP’s current networking products, sold under the...
14Nov2009 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline Reports Higher Revenues
GlaxoSmithKline, plc (GSK) reported third quarter income of 92 cents per American Depository Share (ADS), 3 cents below the Zacks Consensus Estimate. The company reported earnings of 94 cents in the year-ago period. Third quarter 2009 revenue increased 3%, with growth being driven...
14Nov2009 | vitalstocks | 0 comments | Continued(EMF) Bill Clinton’s Thoughts On Obama’s Tax-and-Spend Policies
by Mark Skousen, Contributing Editor Thursday, November 12, 2009: Issue #1136 “It’s illegal, but I’ll do it anyway.” Famous last words by former President, Bill Clinton. Last month, I had a chance to talk one-on-one with Clinton at the annual International Crisis Group...
14Nov2009 | InvestmentU | 0 comments | Continued(MDT) Medtronic Reports Enrollment in its Attain Success Trial
Medtronic Inc. (MDT) recently reported the first enrollment for its Attain Success trial. The trial evaluates implant success, complication rates and procedure times for the company’s Attain Family of left-heart leads and delivery systems portfolio which are already available...
14Nov2009 | vitalstocks | 0 comments | Continued(AAPL) Apple Beats Nokia in Smartphones
According to a recent Strategy Analytics research report, Apple Inc. (AAPL) surpassed Nokia (NOK) by generating the highest total operating profit in the industry for the third quarter of 2009. The research firm estimated Apple’s operating profit for iPhone handset units...
14Nov2009 | vitalstocks | 0 comments | Continued(AAPL) Apple Opens New Store in New York
Apple Inc. (AAPL) will open its newest retail store with an 8,500 square feet retail space in New York tomorrow. The store will help Apple deliver more Macs, iPods and iPhones, taking advantage of the coming holiday season. The new store is the fourth in Manhattan and fifteenth...
14Nov2009 | vitalstocks | 0 comments | Continued(EIA) The Oil Industry: We’re a Few Months Away From $100 Oil, Here Are Three Ways to Profit
by David Fessler, Energy and Infrastructure Expert Friday, November 13, 2009: Issue #1137 It’s the oil industry’s version of War and Peace. I’ve spent this week poring over the 2009 volume of the International Energy Agency’s (IEA) World Energy Outlook. All 698 pages...
14Nov2009 | InvestmentU | 0 comments | Continued(AMAT) Applied Materials Beats on Revenues and Margins
Applied Materials’ (AMAT) fourth quarter earnings beat the Zacks Consensus Estimate by 12 cents. Revenue beat the consensus by 15.6%. All the peer companies — ASML Holdings (ASML), KLA Tencor (KLAC) and Lam Research (LRCX) — reported results that also beat the consensus....
14Nov2009 | vitalstocks | 0 comments | Continued(SYK) Stryker Corporation Strikes Acquisition Deals
Stryker Corp. (SYK) is on a takeover spree having made three acquisitions recently. The company acquired OtisMed Corp., Mutoh Co. Ltd. and certain of its affiliates, and Synergetics USA, Inc. (SURG). Financial terms of these transactions include $67 million in upfront payment...
14Nov2009 | vitalstocks | 0 comments | Continued(F) Steel Industry – Industry Outlook
Steel Output Mounting The Steel industry, which consists of companies engaged in the extraction of iron ore and coke coal for the processing of iron and steel, has the major chunk of sales concentrated with a few producers. The industry includes metal ore exploration and mining...
14Nov2009 | vitalstocks | 0 comments | Continued(DLLR) Dollar Financial Corporation Plans $250 Million Private Offering
Dollar Financial Corporation (DLLR) said on Wednesday that it intends to offer $250 million aggregate principal amount of senior notes in a private offering through its indirect wholly owned subsidiary National Money Mart Company. The senior notes will be guaranteed on an unsecured...
14Nov2009 | vitalstocks | 0 comments | Continued(INTC) Intel-Advanced Micro Devices Deal Benefits Both
Intel Corp (INTC) has agreed to pay Advanced Micro Devices (AMD) $1.25 billion to settle long-standing disputes between the two chipmakers. This immediately takes care of the AMD lawsuit that was slated to come up for trial in roughly five months time. Intel agreed to a set of...
14Nov2009 | vitalstocks | 0 comments | Continued(MYL) Mylan Wins FDA Approval for Their Abbreviated New Drug Application
Recently, Mylan Inc.‘s (MYL) subsidiary, Matrix Laboratories received final approval from the US Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Lansoprazole Delayed-release (DR) capsules in two dosage forms (15 mg and 30 mg). Mylan plans...
14Nov2009 | vitalstocks | 0 comments | Continued(TGT) Initial Jobless Claims Fall Again
Initial claims for unemployment insurance (or jobless claims) fell to 502,000 last week — a drop of 12,000 from last week’s revised level (and 10,000 from last week’s unrevised level). That brought the four-week moving average down to 519,750 — a decline of...
14Nov2009 | vitalstocks | 0 comments | Continued(UTX) Tata Advanced Systems and Sikorsky Ink Joint Venture
Sikorsky Aircraft Corp. and Tata Advanced Systems Ltd. (TASL) today announced creation of a joint venture that will manufacture aerospace components for Sikorsky in India Incorporatedluding components for S-92® helicopter cabins. The joint venture agreement builds upon a long-term...
14Nov2009 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Beats Expectations and Raises
AstraZeneca’s (AZN) third quarter earnings came in at $1.68 per American Depositary Shares (ADS), well above the Zacks Consensus Estimate of $1.36 and $1.32 reported in the year-ago period. Revenues increased 10% at constant exchange rates (CER) to $8.2 billion compared to...
14Nov2009 | vitalstocks | 0 comments | Continued(AIG) U.S. Treasury’s Pay Czar to Allow Competitive Pay
The U.S. Treasury’s pay czar, who oversees compensation for the highest-paid employees at the firms that received U.S. taxpayer assistance, said on Thursday that he is concerned that pay cuts could obstruct the ability of these firms to retain and attract top talent. However,...
14Nov2009 | vitalstocks | 0 comments | Continued(AYE) Allegheny Energy Gets Regulatory Approval for Rate Hike
Allegheny Energy Inc. (AYE) bagged approval from the Virginia State Corporation Commission to recover its cost of purchased power through rate hike. As per the approval, the company will be able to recover purchased power costs for the state of Virginia during the 12-month period...
14Nov2009 | vitalstocks | 0 comments | Continued(TEO) Telecom Argentina Net Surges But Misses Estimates
Telecom Argentina (TEO) reported third-quarter earnings per ADS of 40 cents, falling short of the Zacks Consensus Estimate of 52 cents. However, reported net income from continuing operations grew 39% year over year to P$303 million (US$79 million), boosted by healthy growth...
14Nov2009 | vitalstocks | 0 comments | Continued(QSII) Quality Systems Barely Beats Expecations
Quality Systems Inc. (QSII) reported fiscal second-quarter earnings of 41 cents, beating the Zacks Consensus Estimate by a penny and the year-ago earnings by 4 cents. Total revenues for the quarter increased 21.5% to $71.69 million from $58.98 million. The company’s NextGen...
14Nov2009 | vitalstocks | 0 comments | Continued(DXCM) DexCom Incorporated’s Loss Narrows
DexCom, Inc. (DXCM) reported a net loss of 29 cents per share in the third quarter, 3 cents below the Zacks Consensus Estimate of a net loss of 32 cents and significantly below the year-ago net loss of 53 cents. The significant improvement in financial results was due to higher...
14Nov2009 | vitalstocks | 0 comments | Continued(INFY) Infosys Technologies Limited’s BPO Subsidiary Acquires McCamish Systems
Infosys BPO Limited, the business processing outsourcing subsidiary of Infosys Technologies Limited (INFY), announced the acquisition all of the outstanding interests of McCamish Systems LLC, a business process solutions provider, based in Atlanta, Georgia, in the United States. The...
14Nov2009 | vitalstocks | 0 comments | Continued(NVTL) Novatel Enters Machine-to-Machine Market
Novatel Wireless Inc. (NVTL) has entered into the Machine-to-Machine (M2M) smart devices market through a multiyear Memorandum of Understanding with Cinterion Wireless Modules GmbH. Cinterion is a global leader in M2M communication modules. These two companies will combine their...
14Nov2009 | vitalstocks | 0 comments | Continued(ASR) Grupo Aeroportuario del Sureste, S.A.B. de C.V. Shows No Improvements
Last week, Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) announced a decrease of 7.2% in total passenger traffic for October, compared to the year-ago period. Domestic passenger traffic decreased 6.5%, while international passenger traffic decreased 8.1% compared to October...
14Nov2009 | vitalstocks | 0 comments | Continued(TYC) Tyco International Exceeds Consensus Estimates
Tyco International Ltd. (TYC) reported fourth-quarter earnings per share from continuing operations of 61 cents. This was higher than the Zacks Consensus Estimate of 54 cents per share. Quarterly Revenues of $4.4 billion declined 16% versus the prior year with an organic revenue...
14Nov2009 | vitalstocks | 0 comments | Continued(ZMH) Zimmer Holdings to Sell Notes in Public Offering
Zimmer Holdings, Inc. (ZMH) recently decided to raise $1 billion by selling its senior unsecured notes in an underwritten public offering in two separate transactions. The transactions involve selling $500.0 million of 4.625% notes due 2019 and $500.0 million of 5.75% notes due...
14Nov2009 | vitalstocks | 0 comments | Continued