Archive for December, 2009
(UDR) UDR Repays Term Loan
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently repaid its term loan maturing in 2010 by utilizing proceeds from a new term loan and by drawing down its unsecured bank credit facility. The repayment of the $240 million term loan was made...
16Dec2009 | vitalstocks | 0 comments | Continued(IDC) Interactive Data Corporation to Acquire 7ticks LLC
Financial market data company Interactive Data Corp. (IDC) has announced its intention of buying an electronic trading network and services provider company, 7ticks LLC, which is expected to help IDC speed up the delivery of its trading data to institutional customers. The company...
16Dec2009 | vitalstocks | 0 comments | Continued(TE) Florida Public Service Commission Approves TECO Energy’s Contract
Tampa Electric Co., a subsidiary of TECO Energy Inc. (TE) received an approval for its contract to purchase solar power supplied by Energy 5.0’s Florida Solar I project, for a 25-year period beginning in 2011. Florida Public Service Commission (FPSC) approved the contract. Under...
16Dec2009 | vitalstocks | 0 comments | Continued(AIR) AAR Corporation Beats Consensus Estimates
AAR Corporation (AIR) reported results for the second quarter of fiscal 2010. The company posted quarterly earnings of 34 cents per share, beating the Zacks Consensus Estimate of 31 cents and prior year earnings of 27 cents per share (last year’s EPS was adjusted to comply...
16Dec2009 | vitalstocks | 0 comments | Continued(CEPH) Cephalon: After Hard Fall – This Stock Is Set for a Comeback
by Sheena Martin, Contributing Editor Wednesday, December 16, 2009 One company looking forward to the end of 2009 is Cephalon (Nasdaq: CEPH). And that’s an understatement. The biopharmaceutical company’s share price has tumbled by 23% this year, following a slide in sales....
16Dec2009 | InvestmentU | 0 comments | Continued(SLXP) Salix Pharmaceuticals to File for IBS Indication
Salix Pharmaceuticals, Ltd. (SLXP) recently held a pre-NDA meeting with the U.S. Food and Drug Administration (FDA) related to the company’s new drug application (NDA) for rifaximin for the treatment of patients with non-constipation irritable bowel syndrome (non-C IBS). The...
16Dec2009 | vitalstocks | 0 comments | Continued(CELG) Celgene Drug Meets Study Goal
Celgene Corp. (CELG) recently disclosed that its drug candidate, apremilast, for treating patients with moderate-to-severe plaque-type psoriasis, met key goals in a mid-stage study (n=352). The multi-center study, in which apremilast reduced the severity of moderate-to-severe...
16Dec2009 | vitalstocks | 0 comments | Continued(VMED) Virgin Media Continues Innovation
Virgin Media Inc. (VMED), the second largest cable MSO in the U.K., continues to innovate offerings in order to reduce churn and prevent its market share drain due to the onslaught of new entrants. Recently, the company launched “Get Social”, a new social networking and...
16Dec2009 | vitalstocks | 0 comments | Continued(TU) Telus Sets 2010 Target – Cuts 2009 Forecast
Telus Corp (TU), Canada’s second largest telecom carrier, has released financial targets for 2010 while lowering its forecasts for the current year. The revised target for 2009 reflects the impact of a sluggish Canadian economy on the company’s wireline business, launch of...
16Dec2009 | vitalstocks | 0 comments | Continued(CBST) Cubist to Aquire Calixa Therapeutics
Recently, Cubist Pharmaceuticals (CBST) decided to acquire a privately held biopharmaceutical company Calixa Therapeutics for an upfront payment of $92.5 million. Additionally, Cubist would be required to make a payment of another $310 million on the achievement of certain development,...
16Dec2009 | vitalstocks | 0 comments | Continued(CNO) Conseco Offers Common Stock to Pay Down Debt
Conseco Inc. (CNO) said on Monday that it has commenced an offering of 45 million shares of common stock primarily to help pay down debt. The company plans to grant the underwriters a 30-day option to buy up to an additional 4.5 million shares. Conseco intends to use $150 million...
16Dec2009 | vitalstocks | 0 comments | Continued(TEF) Telefonica’s O2 UK Tests 4G Long Term Evolution Technology
O2 UK, the British subsidiary of Spanish Telecom giant Telefonica (TEF), has successfully completed first field trial of its 4G network based on the Long Term Evolution (“LTE”) mobile broadband technology. The test was launched in O2 UK’s home market Slough, Berkshire,...
16Dec2009 | vitalstocks | 0 comments | Continued(FDS) FactSet Research Systems Shares Take a Hit on Results
Shares of FactSet Research Systems Inc. (FDS), a leading financial information service provider, fell 12.12% following the company’s fiscal first quarter results announced yesterday. The major decline in the share price was due to the flat second quarter guidance, driven by...
16Dec2009 | vitalstocks | 0 comments | Continued(ATHR) Atheros Communications Acquires Intellon Corporation
Atheros Communications, Inc. (ATHR) yesterday completed the acquisition of Intellon Corporation. California-based Atheros Communications is a leader in the designing of chipsets used in WLAN devices. On Dec. 11, 2009, Intellon stockholders approved the merger agreement. Intellon’s...
16Dec2009 | vitalstocks | 0 comments | Continued(CBD) Make It A Very Happy New Year By Adding This Brazilian Stock To Your Christmas List
by Tony Daltorio, Investment U Research Wednesday, December 16, 2009 For years, the western world regarded Brazil as nothing more than a few wealthy elite ruling over a large population of have-nots. And they had good reason to think that way too… until now. As I detailed...
16Dec2009 | InvestmentU | 0 comments | Continued(LYTS) Housing Starts and Building Permits Rebound
This morning’s release of data on Building Permits and Housing Starts show that the housing sector rebounded in November after an awful October. Looking first at Housing Starts, they rose by 8.9% to an annual rate of 574,000 up from 527,000 in October. The October number for...
16Dec2009 | vitalstocks | 0 comments | Continued(EQR) Consumer Price Index Rose Moderately
The Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) rose by 0.4% in November, following increases of 0.3% in October and 0.2% in September. Relative to a year ago, prices are up 1.8%. That is a big jump from last month, but that is due to...
16Dec2009 | vitalstocks | 0 comments | Continued(CVX) Chevron Wins Poland Shale Exploration License
Chevron Corp. (CVX) – the second-biggest U.S. oil company – gained an exploration license in Poland to search for natural gas in the country’s southeastern region, in the vicinity of the city of Zamosc. Covering an area of 800 square kilometers, the 5-year concession will...
16Dec2009 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Seeks Approval For Hepatitis C Treatment
Human Genome Sciences, Inc. (HGSI) recently announced the submission of a Marketing Authorization Application, [MAA], to the European Medicines Agency (EMEA) seeking marketing approval of Joulferon (albinterferon alfa-2b) for treating chronic hepatitis C patients. The application...
16Dec2009 | vitalstocks | 0 comments | Continued(CVX) Chevron Scores New Natural Gas Find Off The Coast of Australia
Chevron Corp. (CVX) – the second-biggest U.S. oil company – announced the discovery of a new offshore natural gas site (Satyr-1) in Western Australia’s Carnarvon Basin. The discovery builds on the integrated energy giant’s leading position in this hydrocarbon-rich area...
16Dec2009 | vitalstocks | 0 comments | Continued(FTC) Intel Sued by Federal Trade Commission for Anti-Competitive Practices
The Federal Trade Commission (FTC) has finally charged Intel Corp. (INTC) for anti-competitive practices. The agency has reportedly been studying the case for the past year and has found Intel guilty on many counts. The list of Intel’s misdemeanors included an attempt to cut...
16Dec2009 | vitalstocks | 0 comments | Continued(WEN) Wendy’s/Arby’s Group Opens Store in Singapore
Wendy’s/Arby’s Group Inc. (WEN), one of the leading quick-service restaurant companies, announced the opening of its first franchise restaurant in Singapore. The restaurant was opened in Lau Pa Sat Festival Market. The company plans to open 35 Wendy’s restaurants in Singapore...
16Dec2009 | vitalstocks | 0 comments | Continued(PFE) The Winners and Losers from a New U.S. Healthcare Reform Bill
by Marc Lichtenfeld, Healthcare Expert Wednesday, December 16, 2009: Issue #1159 According to a Thomson Reuters poll, 59.9% of Americans would like to see a public option in any healthcare reform bill, versus just 40% who don’t. If this were an election, it would be a landslide...
16Dec2009 | InvestmentU | 0 comments | Continued(BCPC) Belchem Corporation – Earnings Per Share Up 44%
Balchem Corp (BCPC) shares continue to set new 52-week highs as estimates climb. Analysts are projecting double-digit growth for the next 2 years. Company Description Balchem operates in 3 segments; ARC Specialty Products; Food, Pharma and Nutrition; and Animal Nutrition and...
16Dec2009 | vitalstocks | 0 comments | Continued(TM) Toyota Motors to Raise Canadian Factory Output
Toyota Motor (TM) has decided to add a second production shift at its Woodstock, Ontario, assembly plant in Canada in order to gear up the output of its highly sought after compact crossover utility model, RAV4. With this, the RAV4 output will almost double to 150,000 vehicles...
16Dec2009 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation – Solid First Quarter and Strong Business Momentum
Harris Corp. (HRS) continues to trade near a 52-week high, spiking on a strong fiscal first quarter and maintaining the higher share price for almost 2 months. During the past 3 months, shares outpaced the market by nearly 20%. The company also continues to boast industry-leading...
16Dec2009 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical Corporation – Bull of the Day
ZOLL Medical Corporation (ZOLL) reported fourth quarter earnings of 16 cents per share, beating the Zacks Consensus Estimate of 8 cents. The company earned 41 cents per share in the year-ago quarter. For fiscal 2009, the company earned 45 cents per share, which also exceeded...
16Dec2009 | vitalstocks | 0 comments | Continued(ADBE) Adobe Beats Expectations – Forward Guidance Strong
Adobe Systems’ (ADBE) earnings for the company’s Q4 of fiscal 2009 (ended Nov. 2009) beat consensus estimates by 2 cents. Revenue was basically in-line, exceeding by 0.6%. Revenue Total revenue was $757.3 million, up 8.6% sequentially and down 17.3% year over year. Revenue...
16Dec2009 | vitalstocks | 0 comments | Continued(TECD) Tech Data Corporation – Bullish Forecasts – New Share Buyback Announced
Tech Data Corp. (TECD), which recently announced $100 million share buyback, is seeing bullish earnings forecasts on a solid fiscal third-quarter. The full-year Zacks Consensus Estimate of $3.17 per share climbed from $2.84 over the past month. Company Description Tech Data distributes...
16Dec2009 | vitalstocks | 0 comments | Continued(SEH) Spartech’s Fourth Quarter Results Miss Expectations
Spartech Corp. (SEH) posted fiscal 2009 fourth-quarter results after the closing bell on Monday. The company swung to a net profit of $8.2 million, from a net loss of $197.4 million in the year-ago quarter. The prior-year quarter included an asset impairment charge of $226.9...
16Dec2009 | vitalstocks | 0 comments | Continued