Archive for April, 2010
(ERTS) Electronic Arts Launches Tiger Woods Game
Electronic Arts Inc. (ERTS) released a new online game named Tiger Woods PGA TOUR 11, providing an enhanced golf video game experience via a web browser to on-the-go golf enthusiasts. Tiger Woods PGA TOUR Online has high resolution 3D graphics capabilities, but requires no game...
7Apr2010 | vitalstocks | 0 comments | Continued(COF) February Consumer Credit Figures Show Contraction
The U.S. consumer continues to try to improve his or her balance sheet. In February, consumer credit (not including real estate-backed loans, aka mortgages) fell by 11.5%, and has been down in 12 of the last 13 months. However the one exception to that was in January, and the...
7Apr2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide and Hyatt to Expand in India
Hoteliers such as Starwood Hotels & Resorts Worldwide Inc. (HOT) and Hyatt Hotels Corp. (H) intend to explore the growth potential in the Indian market. Starwood has announced yesterday that it is on track to expand its Indian portfolio. Currently, the company has 26 hotels...
7Apr2010 | vitalstocks | 0 comments | Continued(GOOG) Court Ruling on Net Neutrality Changes The Game
The Federal Communications Commission’s (“FCC”) so-called “Net Neutrality” rule suffered a big blow as a federal appeals court ruled that the US regulator lacks the authority to impose such regulations. The US Appeals Court for the District of Columbia unanimously...
7Apr2010 | vitalstocks | 0 comments | Continued(FO) Fortune Brands Wins Lawsuit Against Jose Cuervo International
Fortune Brands Inc. (FO), a leading consumer brands company, recently received a favorable jury verdict against Jose Cuervo International, Inc. and its affiliates, relating to a trademark infringement of Maker’s Mark, one of its premium spirits brands. In its verdict, the jury...
7Apr2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation Leases Property in Mexico
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 105,000 square feet of its development portfolio in Tijuana, Mexico. The lessee, Arauco Distribucion Mexico — the Mexican subsidiary of Arauco, a wood pulp and forestry...
7Apr2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Invests in Level Global Investors LP
On Apr 2, Bloomberg reported that Goldman Sachs Group Inc. (GS) has purchased a minority stake in Level Global Investors LP, a $4 billion New York-based global hedge fund founded and owned by David Ganek. Through this acquisition, Goldman has added a hedge fund that can lay a...
7Apr2010 | vitalstocks | 0 comments | Continued(TCK) Teck Resources Limited – Record Revenue in Both 2009 and the Fourth Quarter
Teck Resources Limited (TCK) is profiting from the rise in commodity prices as it saw record revenue in the fourth quarter of 2009. TCK is trading with a forward P/E of 13.1. Company Description Teck Resources mines copper, metallurgical coal and zinc, molybdenum and specialty...
7Apr2010 | vitalstocks | 0 comments | Continued(MMS) MAXIMUS Incorporated – Earnings Estimates Moving Higher
MAXIMUS, Inc. (MMS) has a Zacks #1 Rank and trades at 17.9x 2010 consensus EPS estimates. MAXIMUS offers investors strong growth prospects as well as some current income. Analysts expect the company to grow its earnings per share at 15% per year for the next 3 to 5 years. It...
7Apr2010 | vitalstocks | 0 comments | Continued(ISIL) Intersil Corporation – Earnings Set to Double
Intersil Corp. (ISIL) estimates are climbing following the company’s impressive earnings news. Company Description Intersil Corp. makes analog and mixed signal semiconductors. Their components can be found in flat panel displays, cell phones and notebooks. Earnings Set...
7Apr2010 | vitalstocks | 0 comments | Continued(PTI) Patni Computer Systems ADS – Earnings 21% Ahead of Estimates
Patni Computer Systems ADS (PTI) recently hit a new 52-week high at $26.41 on the back of a global economic recovery that has companies once again deploying capital for enterprise technology systems and services. Company Description Patni Computer Systems Limited, together with...
7Apr2010 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company – Bull of the Day
Tiffany & Co. (TIF) is well positioned to deliver robust sales and earnings growth by leveraging capital investments made in the past several years. The company holds a significant position in the world jewelry market and is poised to benefit from its enhanced geographic...
7Apr2010 | vitalstocks | 0 comments | Continued(FTR) Frontier Communications-Verizon Fixed-Line Deal Under Fire
Frontier Communications’ (FTR) impending acquisition of the rural fixed-line business of Verizon (VZ) continues to face strong resistance, as the deal has been opposed by the workers’ unions of West Virginia. Nearly 50 members and leaders of Communications Workers of America...
7Apr2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Incorporated – Bear of the Day
We have downgraded Sunoco, Inc. (SUN) shares to Underperform from Neutral, reflecting the bearish refining margin outlook. Weak demand for refined products in the global downturn and increased capacity has squeezed margins throughout the industry. Rising crude oil prices have...
7Apr2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Losing Mobile Phone Market Share in China
Nokia Corp. (NOK), the largest mobile phone manufacturer of the world, is gradually losing its market share in China, the largest emerging market of the world. This country generates around 16% of Nokia’s total sales. In 2009, Nokia’s revenue from China was $8.6 billion,...
7Apr2010 | vitalstocks | 0 comments | Continued(LCC) US Airways Group Reports Traffic Declines
US Airways Group Inc (LCC) announced on Monday that its March traffic measured by revenue passenger miles (RPM) declined 0.1% compared to prior-year levels. This was led by a 0.1% decline in mainline revenue passenger miles and 1.1% decline in the Express segment. The airline...
7Apr2010 | vitalstocks | 0 comments | Continued(AGN) Allergan Enters Agreement With Serenity Pharmaceuticals – Expands Urologics Portfolio
Allergan, Inc. (AGN) recently entered into an agreement with Serenity Pharmaceuticals, for the development and commercialization of Ser-120, which is being studied for the treatment of nocturia. Nocturia, which is characterized by frequent urination during the night, is a common...
6Apr2010 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners L.P. Buys Natural Gas Assets
Enterprise Products Partners L.P. (EPD), a leading master limited partnership (MLP), is buying two natural gas gathering and treating systems for approximately $1.2 billion from M2 Midstream LLC (“Momentum”). The two systems are State Line system and the Fairplay...
6Apr2010 | vitalstocks | 0 comments | Continued(GFA) Gafisa S.A. Prices 74 Million Share Global Offering
Gafisa S.A. (GFA), one of Brazil’s leading diversified national homebuilders, has recently priced the global offering of its 74 million common shares and ADS (American Depository Shares). The ADSs were offered at US$14.03 each and the shares were offered at R$12.50 each....
6Apr2010 | vitalstocks | 0 comments | Continued(PVSW) Pervasive Software Narrows Earnings Guidance
Pervasive Software Inc. (PVSW) updated its guidance for the third quarter of fiscal 2010. The company now expects revenues of around $11.5 million - $11.7 million compared to the previous guidance of $11.0 million - $12.0 million. Earnings per share is now projected around...
6Apr2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Raises Earnings Guidance
Falls Church, Virginia-based Computer Sciences Corp. (CSC) has raised its full-year earnings per share to $5.05 - $5.15 per share, up from its previous guidance of $4.80 - $5.00 per share. The company expects to meet its revenue and operating margin targets. Accordingly, the...
6Apr2010 | vitalstocks | 0 comments | Continued(AVT) Avnet Expands Asian Presence
Avnet, Inc. (AVT) announced that it would acquire certain assets of PT Datamation Purwana Utama and PT Mitra Bisinfo Utama (Datamation) of Indonesia. Datamation is a value-added IT distributor providing server, storage and software products to enterprise system integrators and...
6Apr2010 | vitalstocks | 0 comments | Continued(MFC) Manulife Financial Corporation Buys Joint Venture in China
Last week, Manulife Financial Corporation (MFC) completed the deal to buy Fortis Bank SA/NV’s 49% ownership in ABN AMRO TEDA Fund Management Co. Ltd. The remaining 51% ownership is owned by Northern International Trust, part of Tianjin TEDA Investment Holding Co. Ltd. The...
6Apr2010 | vitalstocks | 0 comments | Continued(SHLM) A. Schulman Earnings Miss Expectations
A. Schulman Inc. (SHLM) recently posted a fiscal 2010 second-quarter net loss of $6.8 million, compared to a loss of $10.5 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 12 cents, missing the Zacks Consensus Estimate by 11 cents...
6Apr2010 | vitalstocks | 0 comments | Continued(AYE) Allegheny Sees Base Rate Hike in West Virginia
Allegheny Energy (AYE) reached an agreement with the Public Service Commission of West Virginia, the Consumer Advocate Division and other parties regarding its request for a base rate hike. However the approval of the Public Service Commission of West Virginia is pending. Allegheny...
6Apr2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Wins Contract With NASDAQ
Leading large enterprise software company, BMC Software Inc. (BMC) has won a big deal with the world’s largest trading exchange NASDAQ OMX. The exchange has selected the “Business Service Management” (BSM) function offered by the IT major, as it is expected to increase...
6Apr2010 | vitalstocks | 0 comments | Continued(CEPH) Cephalon Completes Acquisition of Ception Therapeutics
Cephalon, Inc. (CEPH) recently announced the completion of its acquisition of biotechnology company Ception Therapeutics, Inc. With this acquisition, Cephalon will gain access to Ception’s lead product, Cinquil (reslizumab), an investigational humanized monoclonal antibody...
6Apr2010 | vitalstocks | 0 comments | Continued(AIR) AAR Corporation Wins New U.S. Army Contract
AAR Corp. (AIR) has won a $24 million contract from the U.S. Army. According to the contract, the company will provide shelters for the Army. The company manufactures and designs special equipment and mobile tactical shelters for rapid deployment, which are generally used to...
6Apr2010 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Continues Acquisitions
Internet fax to email service provider j2 Global Communications Inc. (JCOM) recently acquired the unified messaging and communications business of Australia-based mBox Pty Ltd. Individuals and enterprises are now increasingly utilizing digital faxing services to reduce costs...
6Apr2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide on Expansion Spree
Starwood Hotels & Resorts Worldwide Inc. (HOT) is on an expansion spree. Last week, the company opened its 1000th hotel, the Sheraton Qiandao Lake Resort, located on the shores of China’s Qiandao Lake. The lake is also known as the Lake of Thousand Islands. Starwood...
6Apr2010 | vitalstocks | 0 comments | Continued