Archive for April, 2010
(ABT) Abbott a Step Closer to in Aquisition Facet Biotech
Abbott (ABT) recently announced the expiry of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) for its cash tender offer for Facet Biotech Corporation’s (FACT) outstanding shares. Abbott had announced its plans to acquire Facet earlier...
9Apr2010 | vitalstocks | 0 comments | Continued(BWA) India Kicks Off 3G Wireless Spectrum Auction
The Indian telecom industry made history as the government finally kick-started the long-awaited 3G WCDMA spectrum (radio airwave) auction on Friday, April 9, 2010. India’s Department of Telecommunications (DoT) is conducting the 3G auction over the Internet with the bidders...
9Apr2010 | vitalstocks | 0 comments | Continued(TDC) Teradata Partners with SAS to Optimize Marketing Automation
Teradata Corporation (TDC) announced the extension of its partnership with SAS, the leader in business analytics software and services to optimize SAS Marketing Automation. With the optimization of SAS Marketing Automation on Teradata, customers can deploy and utilize the solution...
9Apr2010 | vitalstocks | 0 comments | Continued(IBM) IBM Signs New Six-Year IT Contract With Nordic Bank
International Business Machines (IBM) announced a new six-year IT services agreement through 2015 with Nordea, a leading bank in the Nordic region. The new agreement succeeds a 10-year contract signed in 2003. Under the new agreement, IBM will provide solutions that will support...
9Apr2010 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Enters Global License Agreement for Diabetes Drug
Sanofi-Aventis (SNY) recently entered into a global license agreement with biopharma company CureDM Group Holdings for Pancreate, a diabetes candidate. As per the agreement, Sanofi has acquired exclusive worldwide rights for the development, manufacture and commercialization...
8Apr2010 | vitalstocks | 0 comments | Continued(CEG) Constellation Energy Group Completes Aquisition of Wind Project
Constellation Energy Group Inc. (CEG) completed the acquisition of Criterion Wind Project in Western Maryland. The company acquired the wind project located in Garrett County, Maryland from Clipper Windpower Inc. The 70-megawatt project will be developed, constructed, owned and...
8Apr2010 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners L.P. Renews $145 Million Facility
Ferrellgas Partners L.P. (FGP) has been successful in the renewal of its $145 million Accounts Receivable Securitization Facility, extending maturity to April 2013. This extension improves the partnership’s borrowing capacity and cost of funds. Additionally, the partnership...
8Apr2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo and Raymond James Financial Reach Private Settlement
On Apr 6, Wells Fargo and Co. (WFC) and Raymond James Financial Inc. (RJF) reportedly reached a private settlement, thereby mending issues in a brokerage raiding case that was going on since 2007. Accordingly, the arbitration panel of Financial Industry Regulatory Authority (FINRA)...
8Apr2010 | vitalstocks | 0 comments | Continued(TU) Telus Announces Broadband Capital Investment Plans
Second-largest Canadian carrier Telus Corp. (TU) has announced its capital investment plans to boost broadband services in British Columbia, the operator’s home market. The carrier aims to spend $650 million in 2010 for expansion and upgrade of its wireline and mobile broadband...
8Apr2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Unit Morgan Keegan Hit with Charges
On Wednesday, Regions Financial Corporation’s (RF) securities brokerage unit, Morgan Keegan was accused of misrepresenting fraudulent investments in risky securities by four state regulators, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory...
8Apr2010 | vitalstocks | 0 comments | Continued(RE) Everest Re Group Ratings Raised by Standard & Poor’s Ratings Services
Yesterday, the credit rating of Everest Re Group Ltd. (RE) was upgraded by Standard & Poor’s Ratings Services (S&P). The upgrade reflects Everest’s significant liquidity position and its financial flexibility. S&P raised the counterparty credit ratings on...
8Apr2010 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Closes $112.5 Million Offering
Natural Resource Partners L.P. (NRP) announced the closing of a public offering of 4.6 million common units. The offering is priced at $25.17 per common unit and includes 576,700 common units sold to the underwriters pursuant to their option to purchase additional common units....
8Apr2010 | vitalstocks | 0 comments | Continued(KR) King Pharmaceuticals Moves Pain Candidate
King Pharmaceuticals (KR) recently moved pain candidate, Eladur, which has been in-licensed from Durect Corporation (DRRX) into a phase IIb study. Eladur, a transdermal drug patch, is intended to provide continuous delivery of bupivacaine for up to 3 days from a single application,...
8Apr2010 | vitalstocks | 0 comments | Continued(INTC) Semiconductor Industry – Favorite Small-Cap Stocks to Buy Today
Investors are totally preoccupied with a meaningless question right now: How long will this bull market last? Ignore them. Nobody can predict the future. Instead, I recommend you focus on one industry destined to dish out profits in the year ahead… no matter what. That’s...
8Apr2010 | InvestmentU | 0 comments | Continued(AMB) AMB Property to Offer 15.8 Million Common Shares to Repay Debt
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently announced plans to offer 15.8 million common shares at $27.50 each to raise cash and repay debt. The company will also grant the underwriters an option to purchase an additional 2.4 million...
8Apr2010 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook and Review – April 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals Incorporatedluding Nissan Motor and its alliance with Renault...
8Apr2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Bullish Sentiment Reaches a Four-Week High
Bullish sentiment rose to a four-week high in the latest AAII Sentiment Survey. The proportion of individual investors expecting stocks to rise over the next six months increased 1.6 percentage points to 42.9%. Neutral sentiment fell 0.8 percentage points to 26.8%. This is...
8Apr2010 | Shawn | 0 comments | Continued(GOL) Brazil’s Airline Stock Profits Won’t Stay Grounded For Long
Brazil has enjoyed a decade and a half of economic stability now. It can claim seven years of strong growth, with only a minor upset during the global economic crisis. And during that time span, its poorest 10% experienced a 50% rise in income. In fact, out of a population...
8Apr2010 | InvestmentU | 0 comments | Continued(HRS) Harris Wins $112 Million Contract in Australia
Harris Corp. (HRS) has won a major contract from Australian Department of Defense to supply its Falcon tactical radio systems. Total size of the order is $112 million and the portfolio of products include Falcon III AN/PRC-152(C) multiband handheld radios, Falcon III AN/PRC-117G...
8Apr2010 | vitalstocks | 0 comments | Continued(JWN) Initial Claims for Unemployment Insurance Bounce Higher
We got some bad news today on Initial Claims for Unemployment Insurance as the number jumped by 18,000 to 460,000, reversing the gains of the last few weeks. Further, last week’s numbers were revised higher by 3,000. The four-week moving average — which, given the inherent...
8Apr2010 | vitalstocks | 0 comments | Continued($C) Citigroup Unit Fined by FINRA
Citigroup Inc.’s (C) brokerage and securities arm, Citigroup Global Markets Inc., has been fined $$650,000 by the Financial Industry Regulatory Authority (FINRA). The fine is due to disclosure and supervisory violations associated with the operation of its Direct Borrow Program...
8Apr2010 | vitalstocks | 0 comments | Continued(PAC) Grupo Aeroportuario del Pacifico Announces March Traffic Figures
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (PAC) has announced the total passenger traffic for the month of March 2010. During the month, passenger traffic increased 3.7% year over year, with domestic passenger traffic increasing 5.9% and international passenger traffic...
8Apr2010 | vitalstocks | 0 comments | Continued(AA) Alcoa First Quarter 2010 Earnings Preview
US aluminum giant Alcoa Inc. (AA) is scheduled to report its first quarter 2010 profit on April 12, 2010. Management has not provided any financial guidance for the quarter. However, it is expecting to record a total charge of $260 million. The company is expected to record $180...
8Apr2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International Unit Earns More Vietnam Work
J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a transportation and installation contract from Vietnam-based PTSC Mechanical & Construction Company Ltd. The financial...
8Apr2010 | vitalstocks | 0 comments | Continued(CRAI) CRA International Opens Office in Riyadh, Saudi Arabia
Expanding its presence in the Middle East, on Tuesday, CRA International Inc. (CRAI) announced that it has opened its office in Riyadh, Saudi Arabia, second in the region after opening the first one in Bahrain in 2005. The company’s management team in the region comprises of...
8Apr2010 | vitalstocks | 0 comments | Continued(MRNA) MDRNA to Purchase Cequent Pharmaceuticals
Recently, MDRNA Inc. (MRNA) announced that it will purchase privately held Cequent Pharmaceuticals for about $46 million. The all-stock deal is aimed at expanding its oncology pipeline. Furthermore, the transaction would boost MDRNA’s Ribo Nucleic Acid interference (RNAi) Drug...
8Apr2010 | vitalstocks | 0 comments | Continued(LWSN) Lawson Software Reports Earnings In Line With Estimates
Lawson Software, Inc. (LWSN) reported revenue of $186.2 million in the third quarter of fiscal 2010, up 7% year over year. Lawson provides enterprise resource planning (ERP) software solutions and professional services to mid-market enterprises in the health care, retail, public...
8Apr2010 | vitalstocks | 0 comments | Continued(ETR) Entergy Cancels Plan to Separate Nuclear Generation From Services
Entergy Corp. (ETR) has announced plans to shelve the long-in-the-making proposed separation of its non-utility nuclear generation and nuclear services companies. The decision was precipitated by the New York Public Service Commission’s (NYPSC) rejection of the spin-off request...
8Apr2010 | vitalstocks | 0 comments | Continued(EIA) EIA Reports Larger Than Expected Crude Oil Inventory Data
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected climb in crude stockpiles, while distillate supplies posted a surprise build. Gasoline stocks, meanwhile, logged a sharp decline and refinery run-rates increased significantly from the previous...
8Apr2010 | vitalstocks | 0 comments | Continued(JASO) JA Solar Holdings Gives Upward Earnings Guidance
JA Solar Holdings Co. Ltd. (JASO) has revised its guidance upwards for its first quarter ended Mar 31, 2010. JA Solar now projects first quarter shipments to exceed 265MW, above the high-end of its previous guidance of 215MW to 225MW given on Feb 11, 2010. The updated guidance...
8Apr2010 | vitalstocks | 0 comments | Continued