Archive for December, 2009
(ABT) Abbott Seeks Simcor Label Expansion
Abbott (ABT) recently submitted a supplemental new drug application (sNDA) with the U.S. Food and Drug Administration (FDA) seeking approval for two new dosage strengths of Simcor, a cholesterol medication. Simcor is a fixed-dose combination of Niaspan (niacin extended-release)...
18Dec2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Earns Smart Safety Products
Autoliv (ALV) has been awarded the safety products for the smart for two from Daimler (DAI). The smart fortwo is a micro-car that achieves 33 mpg in the city and 41 mpg on the highway according to 2008 EPA testing requirements. It is manufactured in the Mercedes-Benz division...
18Dec2009 | vitalstocks | 0 comments | Continued(ANDS) Anadys Pharmaceuticals Drug Meets Key Study Goals
Anadys Pharmaceuticals Inc. (ANDS) announced that its lead candidate, ANA598, which is being developed for treating patients with hepatitis C virus (HCV) infections has met its key goals in a mid-stage study. The study saw HCV patients being treated with ANA598 in combination...
18Dec2009 | vitalstocks | 0 comments | Continued(LWSN) Lawson Software Appoints New CFO
Lawson Software (LWSN) appointed Stefan Schulz as its new Chief Financial Officer (CFO) effective Jan 1, 2010. Stefan will succeed Robert Schriesheim, who will continue to serve on the Lawson board as a non-employee director. Schriesheim is leaving Lawson to become the CFO of...
18Dec2009 | vitalstocks | 0 comments | Continued(CVX) Energy and Infrastructure 2010 Forecast: A Key Year Looms – Here Are the Firms That Can Profit
by David Fessler, Energy and Infrastructure Expert Friday, December 18, 2009: Issue #1161 As the United States slowly digs itself out of the worst economic downturn since the Great Depression, big changes loom large on the horizon. Earlier this week, my colleague Marc Lichtenfeld...
18Dec2009 | InvestmentU | 0 comments | Continued(RAS) RAIT Financial Trust Extends Secured Credit Facility
RAIT Financial Trust (RAS), a real estate investment trust (REIT), recently extended one of its secured credit facility to 2011. Since the second quarter of 2009, the company has extended all its three secured credit facilities, which are currently scheduled to mature in 2011. The...
17Dec2009 | vitalstocks | 0 comments | Continued(NURO) Court Dismisses NeuroMetrix Securities Class Action Lawsuit
NeuroMetrix, Inc. (NURO) reported that the United States District Court for the District of Massachusetts dismissed the consolidated federal securities class action lawsuit that had been pending against the company. The lawsuit was filed against NeuroMetrix and certain of its...
17Dec2009 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Sets Swap Offer Rate
Bristol-Myers Squibb Co. (BMY), which intends to split its 83.1% stake in the Nutritional segment to concentrate exclusively on its biopharmaceutical business, announced that it will offer 0.6313 shares of Mead Johnson Nutrition Co.’s (MJN) common stock for each Bristol-Myers...
17Dec2009 | vitalstocks | 0 comments | Continued(GIS) General Mills Beats Expectations and Raises Dividend
General Mills Inc. (GIS) reported strong results for the second quarter of fiscal 2010, with earnings of $1.54 per share. Earnings were well above the Zacks Consensus Estimate of $1.45 and up 13.3% year-over-year. Profits were driven by lower commodity costs and strong demand...
17Dec2009 | vitalstocks | 0 comments | Continued(ARW) Arrow Electronics Acquires A.E. Petsche Company
Arrow Electronics, Inc. (ARW) announced last month that it would acquire A.E. Petsche Company (“A.E. Petsche”), a leading provider of interconnect products Incorporatedluding specialty wire, cable and harness management solutions, to the aerospace and defense markets. Headquartered...
17Dec2009 | vitalstocks | 0 comments | Continued(DYN) Dynegy Will Repurchase $830 Million of Senior Notes
Dynegy Inc. (DYN) announced that it will repurchase its senior unsecured notes worth $830 million. The notes consist of equally between its 6.875% senior unsecured notes due 2011 and its outstanding 8.75% senior unsecured notes due 2012. This will remove 83% of the senior unsecured...
17Dec2009 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Buys Prudential Financial Stake
On Tuesday, Wells Fargo & Co. (WFC) announced its intention to purchase the 38% stake of Prudential Financial Inc. (PRU) in its retail brokerage joint venture (JV), Wells Fargo Advisors, for a cash payment of $4.5 billion. The deal is likely to close by Dec 31, 2009. The...
17Dec2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Wins Chinese Carmaker Parts Deal
Zhejiang Geely Holding Group has signed up Johnson Controls (JCI) to be its global parts supplier. According to an official statement, Johnson will cooperate with Geely in the clean energy sector. In the last three years, Geely, similar to other Chinese automakers, has been struggling...
17Dec2009 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific Earns New National Institutes of Health Contract
Thermo Fisher Scientific Inc. (TMO) recently received a new contract from the consortium of U.S. National Institutes of Health, Centers for Disease Control and Prevention and the Environmental Protection Agency. Thermo Fisher has been selected as the National Children’s Study...
17Dec2009 | vitalstocks | 0 comments | Continued(MMM) 3M Acquires Brazilian Floor Care Products Company Incavas
3M Co. (MMM) announced that it has entered into a definitive agreement to acquire Incavas Industria de Cabos e Vassouras Ltda., a manufacturer of floor care products based in Rio Grande do Sul, Brazil. The terms of the transaction were not disclosed. Incavas is an important manufacturer...
17Dec2009 | vitalstocks | 0 comments | Continued(GD) General Dynamics Bags Army Medical Support Contract
General Dynamics Corp.’s (GD) business unit General Dynamics Information Technology has been selected as the prime contractor and awarded a $322 million contract by the U.S. Army for the initial outfitting and transition support of the newly renovated Walter Reed National Military...
17Dec2009 | vitalstocks | 0 comments | Continued(ALXA) Alexza Pharmaceuticals Files New Drug Application
On December 14, 2009, roughly a month ahead of our forecast, Alexza Pharmaceuticals (ALXA) announced it had filed the new drug application (NDA) on AZ-004. The news follows the completion of the five non-pivotal safety and supporting studies earlier in the year, and the pre-NDA...
17Dec2009 | vitalstocks | 0 comments | Continued(NOVL) Novell Completes Business Unit Reorganization
Novell Inc. (NOVL), a leading technology software company, announced consolidation of its 4 business units into 2 to better streamline its business and focus on core operations. The company’s Identity and Security Management (ISM), Systems and Resource Management (SRM) and...
17Dec2009 | vitalstocks | 0 comments | Continued(PG) The Procter & Gamble Company Acquires Ambi Pur Brand From Sara Lee Corporation
The Procter & Gamble Company (PG) signed an agreement to acquire the Ambi Pur Brand from Sara Lee Corporation (SLE) for €320 million ($470 million). Ambi Pur is a leading global air care brand with several toilet care products. The company has strong a presence in Western...
17Dec2009 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Aquires a Privately-Held Medical Devices Company
Johnson & Johnson’s (JNJ) surgical care company Ethicon decided to acquire a privately-held medical devices company, Acclarent, for approximately $785 million. The transaction, expected to close in the first quarter of 2010, is likely to have a dilutive impact of approximately...
17Dec2009 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Wins Vietnam Electric Deal
Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Power Group has been awarded a contract by Wuhan Kaidi Electric Power Co., Ltd. for the design and supply of two circulating fluidized-bed (CFB) steam generators for Vietnam National Coal-Mineral Industries Group’s...
17Dec2009 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Corp Default Rates Increase Risk
On Tuesday, the third-largest issuer of Visa credit cards, Capital One Financial Corp. (COF) stated a rise in its net annual charge-off rate to 9.60% in Nov 2009 from 9.04% in Oct 2009. The statement came as a Securities and Exchange Commission (SEC) filing, thereby signifying...
17Dec2009 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Analysts Initiate at Neutral
We are initiating Electronic Arts Inc. (ERTS) with a Neutral rating and an $18.00 price target. We remain positive on the company’s long-term growth prospects and believe that the current premium valuation is justified. We therefore advise stockholders to wait for a favorable...
17Dec2009 | vitalstocks | 0 comments | Continued(IBM) IBM Strengthens Position in Korea
International Business Machines (IBM) announced several new customer wins, validating the company’s superior position in the IT market. IBM has been executing a strategy to accelerate initiatives such as Smarter Planet, Business Analytics and Optimization, and Cloud Computing...
17Dec2009 | vitalstocks | 0 comments | Continued(UNH) Healthcare Stock Review – December 2009 – Industry Outlook
OVERVIEW The healthcare sector comprises different industries, ranging from managed care organizations, healthcare facilities providers and medical devices manufacturers to biotech and pharmaceutical companies. Consequently, we believe that investors in this sector should be...
17Dec2009 | vitalstocks | 0 comments | Continued(SKM) SK Telecom Joins IBM to Enter Cloud Computing
South Korea’s incumbent wireless operator SK Telecom (SKM) has joined forces with the US technology behemoth International Business Machines (IBM) to operate a cloud computing service. Under the pact, IBM will provide the necessary infrastructural support (cloud-based servers,...
17Dec2009 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor Corporation – Record Third Quarter Earnings
Deckers Outdoor Corporation (DECK) has surprised on estimates 4 quarters in a row by average of 113.42%. The UGG brand is hot and pushed sales, and earnings, higher in the third quarter. Company Description Deckers Outdoor manufactures several well-known shoe brands including...
17Dec2009 | vitalstocks | 0 comments | Continued(GES) Guess? Incorporated – ROE of 25% Exceeds Industry Average of 9%
Guess?, Inc. (GES) recently announced record third-quarter earnings of 69 cents per share, eclipsing the Zacks Consensus Estimate by 38%. The company sees fourth-quarter earnings ranging between 77 and 80 cents per share. Analysts polled by Zacks are calling for 80 cents, up...
17Dec2009 | vitalstocks | 0 comments | Continued(CRR) CARBO Ceramics – Great Sequential Growth and Earnings Momentum
CARBO Ceramics Inc (CRR) shares set a new 52-week high as analysts raise estimates for the company, which has great fundamentals. Company Description CARBO makes ceramic proppant, a material used in fracturing gas and oil wells. Additionally, the company offers spill prevention...
17Dec2009 | vitalstocks | 0 comments | Continued(BUCY) Bucyrus International Incorporated – Earnings Estimates Advance Higher
Bucyrus International Inc. (BUCY) is pressuring a short-term level of resistance just above $55 after surging on a strong Q3 earnings beat from Oct 23. Company Description Bucyrus International, Inc. designs and manufactures mining equipment and machinery worldwide. The company...
17Dec2009 | vitalstocks | 0 comments | Continued