Archive for January, 2010
(CHU) China Unicom to Launch Android Cellular Uphone
Second-largest Chinese wireless carrier China Unicom (CHU) is warming up to carve a niche in the Android cell phone market, as the carrier introduces the first batch of its customized Android handsets (under the “Uphone” moniker) in January 2010. However, the official...
12Jan2010 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments’ Analysts Say Upside is Limited
We are optimistic about Texas Instruments‘ (TXN) recent performance, although we do not expect significant movement in share prices when the company reports later this month. Our outlook is reflected by the stock’s Zacks Rank #3. The company’s third-quarter...
12Jan2010 | vitalstocks | 0 comments | Continued(DOX) Amdocs Analysts Downgrade to Neutral
We downgrade our recommendation for Amdocs Ltd. (DOX) to Neutral, which means the stock will perform mostly in line with the broader market. The stock price has moved up nearly 100% in the last one year and is currently trading at the high-end of its 52-week price range. Amdocs...
12Jan2010 | vitalstocks | 0 comments | Continued(MNI) Publishing Industry Stock Review – January 2010 – Industry Outlook
The publishing industry has long been grappling with sinking advertising revenue, and the global economic meltdown has worsened the situation. This comes in the wake of a longer-term secular decline as more readers choose to get news free online, thereby making the print-advertising...
12Jan2010 | vitalstocks | 0 comments | Continued(BAC) Obama Mulls TARP Tax on Banks
The Obama Administration is considering imposing a tax on banks to recover the losses incurred by the government on the bailout money provided to financial firms as part of its $700 billion bailout program to rescue the financial system. The Troubled Asset Relief Program (TARP)...
12Jan2010 | vitalstocks | 0 comments | Continued($BAC) New York Attorney General Andrew Seeks TARPer’s Bonus Data
On Monday, New York Attorney General Andrew Cuomo asked eight of the nation’s largest banks that received significant federal aid under the Troubled Asset Relief Program (TARP) to provide information on the amount of 2009 bonus packages and their structure. Cuomo also asked...
12Jan2010 | vitalstocks | 0 comments | Continued(TV) Grupo Televisa Eyeing Mobile Opportunity
Grupo Televisa SA (TV), the largest media company in the Spanish-speaking world, is likely to enter into the lucrative wireless communications market in Mexico. The company is in negotiation with Vivendi SA of France to form a joint venture. The Mexican government has decided...
12Jan2010 | vitalstocks | 0 comments | Continued(NVS) Novartis Launched Fanapt Into Competitive Schizophrenia Market
Recently, Novartis (NVS) launched Fanapt (iloperidone) in the U.S. Its twice daily tablets are for the treatment of schizophrenia in adults. Fanapt received approval from the US Food and Drug Administration (FDA) in May 2009. Clinical trials have shown that Fanapt improved symptoms...
12Jan2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Reaffirms Earnings Outlook
St. Jude Medical, Inc. (STJ) recently reaffirmed its fourth-quarter earnings outlook between 61 cents and 63 cents per share. The company expects total revenues of approximately $1.2 billion in the fourth quarter and $4.68 billion for full fiscal 2009. St. Jude Medical will report...
12Jan2010 | vitalstocks | 0 comments | Continued($VZ) Frontier Communications-Verizon Deal Remains Under Fire
Frontier Communications’ (FTR) impending acquisition of the rural fixed-line business of Verizon (VZ) continues to face resistance as the deal has been strongly opposed by the workers unions of West Virginia. Members and leaders of Communications Workers of America (“CWA”)...
12Jan2010 | vitalstocks | 0 comments | Continued(WIN) Windstream Corporation Unveils New Internet Protocol
Windstream Corp (WIN), a leading rural telecom carrier in the US, has reportedly launched a next-generation IP (Internet Protocol) solution that bundles voice, data and broadband Internet over a single IP connection. The new service, “Dynamic Office ? Session Initiation Protocol...
12Jan2010 | vitalstocks | 0 comments | Continued(CHL) November Trade Deficit Deteriorates
The trade deficit for November widened to $36.4 billion from $33.2 billion in October. The October number was revised from $32.9 billion. However, we are still doing better on the trade deficit front than a year ago, when the gap was $43.2 billion. Last year, though, the trade...
12Jan2010 | vitalstocks | 0 comments | Continued(AOL) AOL Incorporated to Lay off 1,200 Workers
As part of its restructuring program, AOL Inc. (AOL), the struggling Internet company, had earlier announced plans to trim a third of its staff or approximately 2,300 employees through a voluntary retirement program. However, only 1,100 employees have accepted the package so...
12Jan2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Wins Army Contract
Northrop Grumman Corp. (NOC) has won a $577 million U.S. Army contract to develop the Integrated Air and Missile Defense Battle Command System (IBCS). The five-year contract is a cost-plus-fixed-fee contract for system design and development. IBCS is an integrated air and missile-defense...
12Jan2010 | vitalstocks | 0 comments | Continued(CMS) CMS Energy Issues Senior Notes
CMS Energy (CMS) sold $300 million of senior unsecured notes, due 2020 at a coupon rate of 6.25%. The company plans to use the proceeds to retire existing long-term debt. CMS Energy has a strong balance sheet among its peers with a low debt-to-capitalization of 70.4% (Zacks industry...
12Jan2010 | vitalstocks | 0 comments | Continued(TGT) Target’s Corporated’s December Sales Rise
Target Corporation (TGT), the operator of general merchandise and food discount stores in the United States, recently posted better-than-expected December sales buoyed by robust traffic count throughout the month. Based in Minneapolis, Minnesota, Target delivered comparable-store...
11Jan2010 | vitalstocks | 0 comments | Continued(ARO) Aeropostale Incorporated Guides Earnings Higher
Aeropostale Inc. (ARO) – a specialty retailer of casual apparel and accessories targeting young women, men and children – recently reported sales results for the five-week period ended January 2, 2010. Aeropostale’s comparable-store sales for December climbed 10% compared...
11Jan2010 | vitalstocks | 0 comments | Continued(TAM) TAM S.A. Expands Codeshare Deal
Last week, TAM S.A. (TAM) decided to expand its codeshare agreement with TRIP Linhas Aereas. Initially, the agreement was signed on January 11, 2009. With it, Sao Paulo-based TAM is able to sell flights operated by TRIP, under the code JJ*, to the cities of Bonito, via Campo...
11Jan2010 | vitalstocks | 0 comments | Continued(CRTX) Cornerstone Therapeutics Provides Guidance
Recently, Cornerstone Therapeutics Inc. (CRTX) forecasted net revenues exceeding $112 million for the year ending December 31, 2010. The guidance for fiscal 2010 assumes that its branded products will contribute more than 75% of net revenues in 2010 compared to the 2009 contribution...
11Jan2010 | vitalstocks | 0 comments | Continued(GPN) Global Payments Incorporated Tops Expectations and Guides in Line
Global Payments Inc. (GPN) recently posted fiscal 2010 second-quarter earnings from continuing operations of $58 million, compared to $45.9 million in the year-ago period. Earnings per share came in at 71 cents, topping the year-ago figure of 57 cents and the Zacks Consensus...
11Jan2010 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation Sells Shopping Center
Regency Centers Corporation (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., recently sold a shopping center in Oregon for an undisclosed amount. The shopping center property, spanning 76,483 square feet, was sold to...
11Jan2010 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes S.A. Sees High December Traffic
On Friday, GOL Linhas Aereas Inteligentes S.A. (GOL) announced its preliminary passenger traffic figures for December 2009. In December, Gol’s total passenger traffic grew by 34.8% in relation to the same period last year, reflecting Gol’s better positioning in its markets...
11Jan2010 | vitalstocks | 0 comments | Continued(STO) Statoil ASA Invests in Iraqi West Qurna Phase 2 Oil Field
Statoil ASA (STO), the Norwegian oil major, has decided to invest $1.4 billion in the Iraqi West Qurna Phase 2 oil field over the next four to five years and anticipates booking some reserves from the field. Located in the Basra Governorate, Iraq, the huge West Qurna Phase 2...
11Jan2010 | vitalstocks | 0 comments | Continued(SM) St. Mary Land & Exploration Offloads Rocky Holdings
St. Mary Land & Exploration Co. (SM) has entered into three different transactions to sell its non-core Rocky Mountain properties for a total consideration of $307 million. In the first transaction, St Mary sold acreage in Wyoming to Legacy Reserves LP (LGCY) for $130 million....
11Jan2010 | vitalstocks | 0 comments | Continued(D) Dominion Resources’ Subsidiary Dominion Virginia Power Boosts Customer Service
Dominion Virginia Power, a subsidiary of Dominion Resources Inc. (D) announced plans to spend $4 billion over three years to improve and expand its ability to provide reliable electric service to its customers. In a letter to the company’s 2.3 million customers, management...
11Jan2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Group Wins Wind Farm Bid
Fluor Corporation (FLR) announced that its UK division, Fluor Limited, and SSE (Scottish and Southern Energy plc), have been awarded exclusive rights by The Crown Estate to develop the Round 3 offshore wind farm zone in the Firth of Forth, off the coast of Scotland. The proposed...
11Jan2010 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Corporation Signs Lease Renewals
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently signed lease renewal deals with Integrated Communications Corp., Pace LLC, and Torre Lazur Healthcare Group, Inc. – three subsidiary companies of Interpublic Group of Companies...
11Jan2010 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Receives Grant
EI DuPont de Nemours & Company’s (DD) Circleville plant in Ohio received $50.73 million in tax credits for a new production line under the American Recovery and Reinvestment Act. The $50.73 million in tax credits will be used to expand production of high-performance polyvinyl...
11Jan2010 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceuticals Industries-AstraZeneca Settle Dispute
Generic player, Teva Pharmaceuticals Industries Ltd. (TEVA) recently settled its patent dispute with AstraZeneca (AZN) related to its generic version of AstraZeneca’s Nexium. The companies entered into another agreement as well, related to Teva’s generic version of AstraZeneca’s...
11Jan2010 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. Adds to Capline Stakes
Master limited partnership, Plains All American Pipeline L.P. (PAA) announced that it has acquired additional 21% stakes in the Capline Pipeline system and 100% stake in 720,000 barrels of tankage at Patoka, Illinois. The Capline assets were acquired for an aggregate consideration...
11Jan2010 | vitalstocks | 0 comments | Continued