Archive for March, 2010
(EL) Estee Lauder – Consensus Estimates Improving
Estee Lauder (EL) beat second-quarter consensus estimates by 4.9% and guided higher for the third quarter. Company Description Estee Lauder is a leading global cosmetics firm with a diversified portfolio of well-established brands including Estee Lauder, Aramis, Clinique, Bobbi...
23Mar2010 | vitalstocks | 0 comments | Continued(PLCM) Polycom Wins Strategic Relationship With Hewlett-Packard
In Its efforts to counter the competitive threat from rival Tandbarg, Polycom Inc. (PLCM) scores a major gain. Hewlett-Packard Co. (HPQ) recently terminated its existing contract with Tandbarg ASA and entered into a strategic agreement with Polycom to sell the latter’s video...
23Mar2010 | vitalstocks | 0 comments | Continued(TRBN) Trubion Pharmaceuticals’ Loss is Wider Than Expected
Trubion Pharmaceuticals, Inc.’s (TRBN) fourth quarter fiscal 2009 net loss per share came in at 29 cents, wider than the Zacks Consensus Estimate by 10 cents. The year-ago loss was 36 cents. The year-over-year decline in loss for the reported quarter was attributable to higher...
23Mar2010 | vitalstocks | 0 comments | Continued(AMX) America Movil Deal Gets Shareholder OK
Latin American telecom titan America Movil’s (AMX) proposed consolidation plan has been reportedly approved by the shareholders. The deal has already received green signal from Mexico’s antitrust regulator “Cofeco” in February 2010. Cofeco stated that the merger...
23Mar2010 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Fourth Quarter Profit Beats Estimates
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced encouraging fourth quarter results, helped by rebounding oil prices and lower operating expenses. Earnings per ADR came in at R$1.86 ($1.04), comfortably ahead of the Zacks Consensus...
23Mar2010 | vitalstocks | 0 comments | Continued(MDCO) The Medicines Company’s Patent Extension is Denied
A couple of days after The Medicines Company (MDCO) received a breather in the form of a favorable court order in its lawsuit against the U.S. Patent and Trademark Office (PTO), the U.S. Food and Drug Administration (FDA) and the U.S. Department of Health and Human Services,...
23Mar2010 | vitalstocks | 0 comments | Continued(MXGL) Max Capital Group Publishes Preliminary Losses
Last week, Max Capital Group Ltd. (MXGL) announced its preliminary loss estimates from the 8.8 magnitude earthquake in Chile, European Windstorm Xynthia and the Australian hailstorms. Max Capital expects to incur combined pre-tax net losses of $10 million to $20 million from...
23Mar2010 | vitalstocks | 0 comments | Continued(MCO) Hartford Financial Services Group Gets Baa3 Rating From Moody’s
On Friday, rating agency Moody’s Investors Service, a division of Moody’s Corp. (MCO), assigned a stable rating of Baa3 on Hartford Financial Services Group Inc.’s (HIG) $1.1 billion in senior notes that the company plans to sell as part of its preparation to repay...
23Mar2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Wins Navy F-18 Contract
General Dynamics’ (GD) business unit Advanced Information Systems has been awarded a $30.6 million contract for the production of 118 Type-3 advanced mission computers (AMC) for the F/A-18 Super Hornet aircraft. General Dynamics has been delivering AMCs for the F/A-18 aircraft...
23Mar2010 | vitalstocks | 0 comments | Continued(BWA) Indian Telecom Regulators Reveal Wireless Spectrum Bidders
The Indian telecom regulator Department of Telecommunication (DoT) has divulged the names of the bidders for the upcoming 3G WCDMA spectrum (radio airwave) and broadband wireless access (BWA) auction in the country. The auctions have attracted 20 applicants who will vie for a...
23Mar2010 | vitalstocks | 0 comments | Continued(NOVL) Novell Stands Fast After Buyout Offer
Enterprise software maker, Novell, Inc. (NOVL) announced that its Board of Directors have rejected the unsolicited buyout offer of $2 billion or $5.75 per share in cash from Elliott Associates, L.P., the largest institutional stockholder of Novell. Novell cited the offer to be...
23Mar2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failure Tally Hits 37 in 2010
Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered seven more...
23Mar2010 | vitalstocks | 0 comments | Continued(BA) Aerospace Industry Stock Investment Ideas That Are Ready to Take Off
Just a few months ago, commercial air traffic was weak, and there was nothing to suggest that demand would increase anytime soon. With fewer people traveling, there was no need for airlines to order new planes. Many companies canceled or deferred new plane orders. As a result,...
23Mar2010 | vitalstocks | 0 comments | Continued(MOT) Motorola Negotiating for WiMAX in India
Motorola Inc. (MOT), a leading manufacturer of mobile broadband infrastructure system to the wireless service providers, is negotiating with several mobile operators of India to install a nationwide WiMAX network. The government of India has decided to allocate spectrum for the...
23Mar2010 | vitalstocks | 1 comment | Continued($VLO) Oil & Gas Industry Stock Review – March 2010 – Industry Outlook
OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity breaching the $80 per barrel level. But high levels of product inventories (gasoline and distillate stocks remain...
23Mar2010 | vitalstocks | 0 comments | Continued($JPM) Pay Czar to Review TARP Firms’ Pay
In order to judge the propriety of the past richest pay packages, the U.S. Treasury’s pay czar Kenneth Feinberg is planning to review the compensations of top 25 executives at 419 firms that received financial support from the government’s $700 billion Troubled Asset...
23Mar2010 | vitalstocks | 0 comments | Continued(GOOG) Google Stops Censoring Google.cn
In an official blog posted Monday, Google Inc (GOOG) SVP (Corporate Development) and Chief Legal Officer, David Drummond announced that the company would stop censoring search results for the Google Search, Google News and Google Images services on its Chinese website, Google.cn. Google...
23Mar2010 | vitalstocks | 0 comments | Continued(STLD) Steel Dynamics Raises $350 Million in Debt
Steel Dynamics Inc. (STLD), the fifth largest US steel producer, has raised $350 million by issuing 8% senior notes due 2020 through a private offering. The company intends to use the proceeds from the notes to finance capital expenditure and acquisitions as well as debt repayment. As...
19Mar2010 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Focuses on Plant Genetics
Chemical manufacturer EI DuPont de Nemours & Company (DD) is spending $40 million on advanced plant genetics business under its Iowa-based Pioneer Hi-Bred subsidiary. DuPont is planning to open new research facilities on advanced plant genetics, which would help farmers boost...
19Mar2010 | vitalstocks | 0 comments | Continued(ERJ) Empresa Brasileira de Aeronautica S.A. Posts Higher Fourth Quartr Profit
Empresa Brasileira de Aeronautica S.A. (ERJ) reported improved results for the fourth quarter and full year 2009. Quarterly net sales decreased 11.5% and reached $1,609.9 million from $1,818.4 million in the year-ago quarter. Net revenue for 2009 fell 13.7% to $5,466.3 million...
19Mar2010 | vitalstocks | 0 comments | Continued(NCS) NCI Building Systems Posts Sluggish Results
Recently, NCI Building Systems, Inc. (NCS) reported discouraging financial results for the first quarter of fiscal 2010. Revenues for the quarter contracted by 29.8% year-over-year driven by the decline in market demand as well as decrease in steel prices. Revenues reached $182.9...
19Mar2010 | vitalstocks | 0 comments | Continued(MGM) MGM Mirage Raises $826 Million in Debt Offering
On Wednesday, MGM Mirage (MGM) closed a debt offering and raised approximately $826 million. The company used the proceeds from this offering to fulfill certain requirements for its amended credit facility agreement. The company closed the private offering of $845 million of...
19Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Signs Distribution Facility Leases in Mexico
ProLogis (PLD), a leading global provider of distribution facilities, recently signed 3 new lease agreements spanning about 168,000 square feet of its development portfolio in Mexico. The continued leasing activities show signs of stabilization in the industrial property market...
19Mar2010 | vitalstocks | 0 comments | Continued(TKC) Turkcell Iletisim Hizmetleri Exceeds – Fitch Affirms
Turkcell Iletisim Hizmetleri AS (TKC) reported fourth quarter 2009 earnings per share of 38 cents per share, up from the Zacks Consensus Estimate of 34 cents per share. Revenues In the quarter, revenue contracted by 3.0% year on year to TRY2,260.6 million ($1,473 million) as...
19Mar2010 | vitalstocks | 0 comments | Continued(ITT) ITT Corporation Wins U.S. Army Deal
ITT Corp. (ITT) has been awarded a contract by the U.S. Army Contracting Command to provide supplies, food service, transportation, public works, community service, medical, safety, environmental, fire, and postal operations support at Camp As Sayliyah and other facilities in...
19Mar2010 | vitalstocks | 0 comments | Continued(PPL) PPL Corporation Awards $70 Million Contract and Creates Jobs
Recently, PPL Electric Utilities, a subsidiary of PPL Corporation (PPL) awarded a contract of over $70 million to Valmont Industries Inc. for the Susquehanna-Roseland power line. The contract is expected to create more than 50 new jobs and pump millions of dollars into the regional...
19Mar2010 | vitalstocks | 0 comments | Continued(MT) ArcelorMittal Signed Memorandum of Understanding
Recently, ArcelorMittal (MT) signed a memorandum of understanding (MoU) to form a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in Sulaimaniyah, Northern Iraq. In its initial phase, the mill will produce up to 250,000 tons per year...
19Mar2010 | vitalstocks | 0 comments | Continued(AIR) AAR Corporation Analyst Reiterates Hold Rating
AAR Corp. (AIR) was selected by Bombardier Aerospace, Belfast to design and manufacture composite flap track fairings for the wings of the new CSeries family of commercial aircraft. The contract is expected to exceed $90 million over the life of the program. The contract will...
19Mar2010 | vitalstocks | 0 comments | Continued(CRAI) CRA International’s Earnings Report Lags Estimates
On Thursday, CRA International Inc. (CRAI) reported operating earnings of $0.5 million or 4 cents per share for the fiscal first quarter of 2010 ended Feb 19, 2010, which substantially fell short of the Zacks Consensus Estimate of 27 cents and from 18 cents reported in the year-ago...
19Mar2010 | vitalstocks | 0 comments | Continued(DOX) Amdocs Wins Telenet Contract
Amdocs Corp. (DOX), a leading developer of customer relationship management and billing software for communications service providers, has won a contract to deploy the Amdocs Enterprise Product Catalog for Belgian cable MSO Telenet. The Amdocs Enterprise Product Catalog is a...
19Mar2010 | vitalstocks | 0 comments | Continued