Archive for December, 2009
(GOOG) Google Tests Their Unlocked Smartphone
Google (GOOG) is testing a new Google touch phone, which is being referred to as “Nexus One”. The company has distributed the device to employees across the world, intending to use their feedback for improving the phone. Employees say that the Nexus phone is a device...
14Dec2009 | vitalstocks | 0 comments | Continued(INTC) Intel Agrees to Tough Litigation Settlement with Advanced Micro Devices
Intel Corp (INTC) has paid Advanced Micro Devices (AMD) the agreed $1.25 billion to settle long-standing disputes between the two chipmakers. This takes care of the AMD lawsuit that was slated to come up for trial early next year, does away with the x86 dispute, imposes restrictions...
14Dec2009 | vitalstocks | 0 comments | Continued(GERN) Geron’s GRNVAC1 Vaccine Shows Promise
Biotech company Geron (GERN) recently presented encouraging interim data on its pipeline candidate, GRNVAC1, at the annual meeting of the American Society of Hematology (ASH). GRNVAC1 is a vaccine, which is being developed to help extend the remission of acute myelogenous leukemia...
11Dec2009 | vitalstocks | 0 comments | Continued(DVAX) Dynavax Technologies Gets Good News for its Hepatitis B Vaccine
Dynavax Technologies Corp. (DVAX) announced recently that it has received approval from the European Union to make part of its hepatitis B vaccine (HBV) Heplisav at a German factory. The EU approval permits Dynavax to commercially produce hepatitis B surface antigen, a key component...
11Dec2009 | vitalstocks | 0 comments | Continued(CEPH) Cephalon Drug Gains on Positive Data
Cephalon, Inc. (CEPH) oncology product Treanda could see a significant rise in demand thanks to encouraging data presented at the recently conducted annual meeting of the American Society of Hematology (ASH). Clinical data supporting the use of Treanda as a new standard of care...
11Dec2009 | vitalstocks | 0 comments | Continued(AMZN) Retail Sales Up 1.3% in November
The outlook for the broad retail sector may not be as bad as initially expected. This morning’s better than expected retail sales numbers certainly point in that direction. While last year’s dismal numbers are by all means a big help for the comparisons, there are some clear...
11Dec2009 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences Closer to FDA Approval
Gilead Sciences, Inc (GILD) received a positive opinion from the Anti-Infective Drugs Advisory Committee of the US Food and Drug Administration (FDA). Gilead is seeking FDA approval for inhalable aztreonam for the treatment of lung infection caused by Pseudomonas aeruginosa (P....
11Dec2009 | vitalstocks | 0 comments | Continued(GHDX) Genomic Health, Inc Reveals Oncotype DX Data
Genomic Health, Inc. (GHDX) announced that positive results were published in the journal, The Lancet Oncology, from a study of the company’s growth engine, Oncotype DX, in postmenopausal women suffering from node-positive, estrogen receptor-positive breast cancer. The study...
11Dec2009 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle to Manage RREEF Retail
Jones Lang LaSalle, Inc. (JLL), a leading full-service real estate firm, has recently taken over the management control of 29 retail centers of RREEF Real Estate, a real estate company that acquires and manages investments in commercial and residential property on behalf of its...
11Dec2009 | vitalstocks | 0 comments | Continued(CEPH) Cephalon Sues Actavis Over Attempted Generic Launch
In a filing with the U.S. Securities and Exchange Commission (SEC), Cephalon, Inc. (CEPH) announced that it has filed a lawsuit in the US District Court in Delaware against Actavis Group, Actavis Pharma Manufacturing Pvt. Ltd. and Actavis Inc. Actavis is seeking to launch a generic...
11Dec2009 | vitalstocks | 0 comments | Continued(EIX) Edison International Raises Quarterly Dividend
Edison International (EIX) increased the quarterly dividend on its common stock from 31 cents per share to 31.5 cents per share. The higher dividend is payable on Jan 31, 2010, to shareholders of record on Dec 31, 2009. This action increases the annual dividend from $1.24 per...
11Dec2009 | vitalstocks | 0 comments | Continued(NAL) NewAlliance Bancshares to Open Branch in Hartford
NewAlliance Bank, a subsidiary of NewAlliance Bancshares Inc. (NAL), said that it will open a branch in downtown Hartford. This is the first branch opening in downtown Hartford since Jun 2008. NewAlliance has been steadily increasing its presence in the Hartford region. The company...
11Dec2009 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger Posts Higher Sales
W.W. Grainger Inc. (GWW) reported a 2% year-over-year increase in daily sales for November 2009; the current year period had one extra selling day compared to November 2008. The company benefited from a 4% positive contribution from acquisitions and 2% from favorable foreign...
11Dec2009 | vitalstocks | 0 comments | Continued(KWK) Quicksilver Resources Hikes Outlook
Quicksilver Resources Inc. (KWK) announced its 2010 capital expenditure (capex) plans of $540 million and expected 20% increase in 2010 production volumes. Quicksilver Resources also said it has agreed to sell its midstream gathering and treating assets associated with the Alliance...
11Dec2009 | vitalstocks | 0 comments | Continued(HWD) Harry Winston Diamond Corp’s Third Quarter Sales Plunge
Harry Winston Diamond Corp. (HWD) recently reported fiscal third-quarter results. The company posted a net loss of $214,000, or break-even per share, compared to a net profit of $71.9 million, or $1.17 per share in the year-ago quarter. However, the result came in ahead of the...
11Dec2009 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners Beats Earnings Estimates
Ferrellgas Partners L.P. (FGP) posted better than expected results for the first quarter of 2010, primarily driven by higher propane sales and lower costs. The partnership recorded a net loss of 22 cents per unit for the quarter, better than a net loss of 32 cents estimated by...
11Dec2009 | vitalstocks | 0 comments | Continued(JPM) Solar Energy Stocks: Experts Say This Sector Is Headed Down – Here’s Why You Shouldn’t Listen
by David Fessler, Energy and Infrastructure Expert Friday, December 11, 2009: Issue #1156 By the time 2009 is in the books, the record will show that solar energy stocks endured a tough year. Hardly surprising, with many Wall Street analysts (yours truly not among them) lambasting...
11Dec2009 | InvestmentU | 0 comments | Continued(PC) Panasonic Takes Over SANYO Electric Co Ltd
Panasonic Corp. (PC) announced the acquisition of SANYO Electric Co Ltd. (SANYY), which will bring greater expertise in two areas – batteries and solar panels. Sanyo is a leading company in the rechargeable battery business focused on lithium-ion rechargeable batteries. Panasonic...
11Dec2009 | vitalstocks | 0 comments | Continued(TWX) AOL Spins Off from Time Warner
The marriage between Time Warner Inc. (TWX), a global leader in media and entertainment businesses, and AOL Inc. (AOL), its web media unit, which took place in 2000, ended on Dec 9, 2009, when the former announced the completion of the spin-off of AOL. Time Warner investors will...
11Dec2009 | vitalstocks | 0 comments | Continued(C) U.S. Treasury’s Pay Czar to Impose New Rules
After slashing 50% pay of the top 25 earners in October at seven firms that have received substantial support from the Troubled Asset Relief Program (TARP), the U.S. Treasury’s pay czar, Kenneth Feinberg, plans to announce a new set of pay restrictions on top executives...
11Dec2009 | vitalstocks | 0 comments | Continued($CVX) Chevron Sees Smaller 2010 Budget
Chevron Corp. (CVX) – the second-biggest U.S. energy firm – offered a glimpse of its 2010 capital spending plans. The integrated major said that it will prune its capital expenditures by about $1.2 billion in 2010, as the company allocates a larger percentage of funds towards...
11Dec2009 | vitalstocks | 0 comments | Continued(TECD) Tech Data Corporation Upped to Outperform
We upgrade Tech Data Corporation (TECD) from Neutral to Outperform indicating that it would perform above the market. The shares trade at a premium to the industry leader, Ingram Micro Inc (IM), and we believe the current premium valuation is warranted. Currently, Tech Data Corporation...
11Dec2009 | vitalstocks | 0 comments | Continued(T) AT&T U-verse TV Hits 2Million Users
US telecom behemoth AT&T (T) has reportedly registered 2 million customers for its U-verse TV (an IP based TV service) service thereby, achieving its target for the current year. The company has added 1 million customers so far in 2009 (including 240,000 customers in the...
11Dec2009 | vitalstocks | 0 comments | Continued(UTX) United Technologies to Acquire Stake in Clipper Windpower
United Technologies Corp. (UTX) announced that it has agreed to acquire a 49.5% stake in Clipper Windpower Plc (CWP), a California-based wind turbine manufacturer, which trades on the AIM London Stock Exchange. UTC’s total investment will be £166 million (approximately $270...
11Dec2009 | vitalstocks | 0 comments | Continued(AN) U.S. Retail Sales UP from Last Year
Reports of the death of the consumer have been greatly exaggerated, according to the latest Retail Sales report from the government. Overall retail sales rose by 1.3% in November from October, and are now up for the first time on a year-over-year basis — 1.9% higher than...
11Dec2009 | vitalstocks | 0 comments | Continued(ENDP) Endo Pharmaceuticals Hits FDA Roadblock With Aveed
Endo Pharmaceuticals (ENDP) hit a roadblock related to the approval of Aveed. Recently, the company received a complete response letter (CRL) from the US Food and Drug Administration (FDA) regarding the New Drug Application (NDA) for its injectable testosterone product Aveed...
11Dec2009 | vitalstocks | 0 comments | Continued(MDT) Medtronic in a Legal Tussle With Medgraph
Medtronic, Inc. (MDT) recently entered into a legal tussle with Medgraph Inc, whereby the latter has claimed that Medtronic’s Carelink System violates its patent. Medgraph has also claimed that the patent infringement by Medtronic was willful, deliberate and with full knowledge....
11Dec2009 | vitalstocks | 0 comments | Continued($JPM) Total Debt in Economy Growing Slower
Yesterday, the Federal Reserve released its Flow of Funds report for the third quarter. This is the best overall tabulation of the total amount of debt in the economy. It looks at only non-financial debt; the debt taken on by banks like J.P. Morgan (JPM) or Wells Fargo (WFC)...
11Dec2009 | vitalstocks | 0 comments | Continued(IART) Integra LifeSciences Holdings Enters into New Contract
Integra LifeSciences Holdings Corp. (IART) recently entered into a new three year contract with Premier Purchasing Partners, LLP for Luxtec surgical headlights, light sources and accessories. Integra is a contract supplier of Luxtec surgical vision systems. Financial terms of...
11Dec2009 | vitalstocks | 0 comments | Continued($CKR) CKE Restaurants Misses Earnings Estimates Sales Fall
CKE Restaurants, Inc. (CKR) recently reported third-quarter 2010 results amid a crumbling economy, plagued by heavy job losses and waning consumer discretionary spending. The quarterly earnings of 15 cents a share (excluding mark-to-market adjustments), missed the Zacks Consensus...
11Dec2009 | vitalstocks | 0 comments | Continued