Archive for April, 2010
(NOC) Northrop Grumman Earns $250 Million U.S. Army Contract
Northrop Grumman Corp. (NOC) has been awarded a contract by the U.S. Army to provide training development, instruction and analysis to artillery observers and electronic warfare specialists at the Joint Fires Center of Excellence (COE) in Fort Sill, Oklahoma. The Joint Fires...
1Apr2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Completes TARP Repayment
Following its accumulation of $3.05 billion funds from new securities, Hartford Financial Services Group Inc. (HIG) said on Wednesday that it has completed the repayment of the entire $3.4 billion of bailout money it received from the government for its participation in the Troubled...
1Apr2010 | vitalstocks | 0 comments | Continued(BWA) BorgWarner Expands Asian Operations
BorgWarner Inc. (BWA) has expanded its Asian operations by opening up facilities in China and India. Last week, the manufacturer of powertrain applications unfolded a technical center in the Zizhu Science Park in Shanghai. The Shanghai center will undertake research and development...
1Apr2010 | vitalstocks | 0 comments | Continued(LINE) LINN Energy Snaps Up Oil and Natural Gas Properties
Independent energy company LINN Energy LLC (LINE) has agreed to pay $305 million to purchase oil and natural gas properties from an unnamed seller. The transaction, which is expected to close by May 27, will be funded by LINN’s borrowings under its revolving credit facility. The...
1Apr2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC’s Earnings Report Misses Expectations
CNOOC Ltd (CEO) has reported full-year 2009 results. Earnings per ADR came in at $9.68 versus the Zacks Consensus Estimate of $10.00. Earnings missed our expectations due to lower oil price realizations and higher operating costs. Total revenue fell more than 16% to $15.4 billion,...
1Apr2010 | vitalstocks | 0 comments | Continued(HAS) Hasbro Analyst Raises to Outperform
We are upgrading our recommendation on Hasbro Inc. (HAS) to Outperform. Hasbro reported fourth quarter earnings of $1.09 per share, well ahead of the Zacks Consensus Estimate of 81 cents. The beat reflected a better-than-expected growth in revenue. Hasbro has experienced a strong...
1Apr2010 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Analyst Downgrades to Neutral
We are downgrading Petroleo Brasileiro S.A. or Petrobras (PBR) ADRs to Neutral from Outperform, as we are concerned by the significant increase in its downstream investment level in the face of a bearish refining margin outlook. Petrobras has pegged its 2010 capital budget at...
1Apr2010 | vitalstocks | 0 comments | Continued(FXY) Twelve Months – and Counting – for Japan
While the United States worries that record high budget deficits and rock-bottom interest rates will trigger inflation, the story couldn’t be more different in Japan. The latest government figures show that Japanese consumer prices dropped by 1.2% in February, compared...
1Apr2010 | InvestmentU | 0 comments | Continued(MCO) Tenneco Upgraded by Moody’s Investors Service
Moody’s Investors Service, an operating segment of Moody’s Corporation (MCO), has upgraded the credit outlook of Tenneco Inc. (TEN) to “positive” from “stable.” The rating upgrade was backed by Tenneco’s capability to display a continuous improvement...
1Apr2010 | vitalstocks | 0 comments | Continued(CHRS) Charming Shoppes Earnings Reports Shows Loss Narrows
Charming Shoppes Inc. (CHRS) reported fiscal 2009 fourth-quarter results on Tuesday. The company posted a narrower GAAP net loss of $28.0 million, compared to a loss of $114.0 million in the year-ago quarter. Excluding certain special items, adjusted loss per share came in at...
1Apr2010 | vitalstocks | 0 comments | Continued(BP) BP Awarded Iraqi Drilling Contracts
For the development of Iraq’s largest producing oil field, Rumaila, BP plc (BP) along with its partners has been awarded approximately $500 million drilling contracts. The drilling contractors are Schlumberger Ltd. (SLB) in partnership with the state-run Iraqi Drilling Company,...
1Apr2010 | vitalstocks | 0 comments | Continued(SMG) Scotts Miracle-Gro Company – Great Price Momentum
Today’s stock is not that speculative but keeps trading above then below 100K shares a day. This is a familiar name and if you have a lawn or garden you have probably used their products. The Scotts Miracle-Gro Company (SMG) , through its wholly-owned subsidiary, The Scotts...
1Apr2010 | Shawn | 0 comments | Continued(SVNT) Savient Pharmaceuticals Announces the FDA accepted Biologics License Application
Recently, Savient Pharmaceuticals, Inc. (SVNT) announced that the U.S. Food and Drug Administration (FDA) accepted the Biologics License Application (BLA) for its gout candidate, Krystexxa (pegloticase). The BLA was resubmitted by Savient on March 15, 2010. A response from the...
1Apr2010 | vitalstocks | 0 comments | Continued(MDVN) Medivation Announces Workforce Reductions
Medivation, Inc. (MDVN) recently announced that it intends to reduce its workforce by 20% or 23 people to save costs and focus its resources towards research and development activities related to dimebon and MDV3100. Medivation also announced the departure of its senior vice...
1Apr2010 | vitalstocks | 0 comments | Continued(GOL) Time Warner Cable Added to Wall Street Survivor Portfolio
In my Wall Street Survivor portfolio I had to clear some deadwood. GOL Linhaus Aereas Inteligentes SA ( GOL ) and Cytori Therapeutics ( CYTX ) just quit performing the way I wanted them to. Both have dropped below their 20, 50 and even 100 day moving averages, so they have...
1Apr2010 | Shawn | 0 comments | Continued(ABC) Publishing Industry Outlook – April 2010 – Stock Review
The publishing industry has long been grappling with sinking advertising revenue, and the recent 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...
1Apr2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial to Take $100 Million in Charges
Prudential Financial Inc. (PRU) is expected to post a charge of $100 million in its first quarter earnings as a result of changes made under health care reform regarding subsidies on retiree health care costs. During 2003, Congress granted the corporations, who were considering...
1Apr2010 | vitalstocks | 0 comments | Continued