Archive for May, 2010
(AAPL) Apple Gets Sued by MonkeyMedia
Companies and other organizations continue to hurl lawsuits at Apple Inc. (AAPL) as the company’s phenomenal success makes it a major threat to the competition. The latest to sue Apple was Austin-based MonkeyMedia Inc., a patent licensing boutique founded by a former Microsoft...
20May2010 | vitalstocks | 0 comments | Continued(TEF) Brazil’s Telecom Rumble – Telefonica Can’t Catch a Break
With Spain mired in recession, Spanish telecom company Telefonica ADR (NYSE: TEF) has had to rely on Latin America – and Brazil especially – for much of its growth. Yet Telefonica has to fight increasing competition for everything in the Portuguese-speaking nation. For...
20May2010 | InvestmentU | 0 comments | Continued(JPM) JPMorgan Chase & Co Sells Unit to UMBF Fund Services
The managed account solutions business of JPMorgan Chase & Co.‘s (JPM) worldwide securities services arm is being acquired by UMB Fund Services Inc. (UMBFS), a subsidiary of Kansas City, Missouri-based UMB Financial Corp. (UMBF). The definitive acquisition agreement...
20May2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty Forms Joint Venture to Acquire Assets
Kimco Realty Corporation (KIM), a real estate investment trust (REIT), has recently formed a joint venture with BIG Shopping Centers, an Israeli publicly traded company, to acquire high-quality neighborhood and community shopping centers throughout the U.S. Kimco would have the...
20May2010 | vitalstocks | 0 comments | Continued(AMAT) Applied Materials Second Quarter 2010 Grows
Applied Materials’ (AMAT) second quarter 2010 earnings beat the Zacks Consensus by a penny. As a consequence, shares did not move around too much. Estimates for Applied Materials underwent a correction when the company reported first quarter results. At that time, Applied Materials...
20May2010 | vitalstocks | 0 comments | Continued(RSO) Resource Capital REIT to Issue 7.5 Million Shares
Resource Capital Corp. (RSO), a real estate investment trust (REIT) that invests in commercial real estate debt and other commercial finance assets, has recently announced plans to offer 7.5 million common shares at $5.25 each to raise cash. The company will also grant the underwriters...
20May2010 | vitalstocks | 0 comments | ContinuedMay 20, 2010 Initial Jobless Claims Rise
Initial Claims increased to 471,000, for the week ending 05/15, as against the expected decrease to 440,000, after decreasing to 446,000, the revised figure for the previous week. This was the first increase in five weeks and the largest since a gain of 40,000 in February. The...
20May2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Decids to Sell Itau Unibanco Stake
As part of its effort to discard non-core assets, Bank of America Corp. (BAC) decided to sell its 5.4% stake in Brazilian lender Itau Unibanco (ITUB) on Tuesday. The deal will help Bank of America (henceforth BofA in the blog) generate net proceeds of about $4.5 billion (Brazilian...
19May2010 | vitalstocks | 0 comments | Continued(COH) Coach 2010 Third Quarter Earnings Inch Ahead of Expectations
Coach, Inc. (COH), the designer and marketer of fine accessories and gifts, posted better-than-expected third-quarter 2010 results on April 20, 2010 on the heels of strong top-line growth and competitive pricing. Wall Street analysts have now had nearly a month to digest the...
19May2010 | vitalstocks | 0 comments | Continued(TEF) German 4G Auction Gains Momentum
Germany’s 4G mobile broadband spectrum (radio airwave) auction is gaining momentum as the bidders have reportedly raised their offers for the most expensive and valuable 800 megahertz (MHz) frequency band. Bids totaled €3.73 billion (US$4.6 billion) after the hammer fell...
19May2010 | vitalstocks | 0 comments | Continued(RL) Polo Ralph Lauren’s 2010 Fourth Quarter Profit Soars
Polo Ralph Lauren Corp.‘s (RL) fiscal 2010 fourth-quarter earnings more than doubled to $1.13 per share from 44 cents in the year-ago period, driven by higher sales and robust gross margin. In addition, quarterly earnings surged past the Zacks Consensus Estimate of 63 cents...
19May2010 | vitalstocks | 0 comments | Continued(MOT) Motorola First Quarter Earnings Scorecard
Supported by strong sales of its newly-launched Android-powered smartphones, Motorola Inc. (MOT) posted an unexpected profit in first quarter 2010. This positive surprise, together with an equally bright financial outlook, has enthused the investing community. This is also reflected...
19May2010 | vitalstocks | 0 comments | Continued(BIDU) Baidu – The Asian Gorilla You Can’t Ignore
Before you all jump on me and talk about the impossibility of sustained growth and the 59 times EPS ratio let me interject my reasoning. In China and the Asian continent in general Google and Baidu (BIDU) are not on a level playing field. Google just doesn’t seem to know...
19May2010 | Shawn | 0 comments | Continued(T) AT&T Wireless Touts HSPA+ Upgrade
AT&T (T) has announced a major advancement in its nationwide 3G mobile broadband network. The US telecom ace has decided to upgrade its HSPA 7.2 standard based 3G network to HSPA+ (High-Speed Packet Access Plus), which will double the existing network throughput. With this...
19May2010 | vitalstocks | 0 comments | Continued(SYMC) Symantec Eyes VeriSign Unit
Leading Internet security solutions provider Symantec Corporation (SYMC) has more or less agreed to buy the authentication service unit of VeriSign Inc. (VRSN) for a lump sum value of $1.3 billion. Recently, VeriSign has been scouting for buyers for its security business. The...
19May2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors Recalls Japanese Lexus for Steering Problem
Toyota Motors Corp. (TM) has announced yet another round of recalls of its luxury Lexus vehicles. The automaker will recall 4,500 units of its Lexus LS line of vehicles in Japan to fix a computerized steering problem. The computerized steering system oversees how the steering...
19May2010 | vitalstocks | 0 comments | Continued(UPS) United Parcel Service Earnings Scorecard
First Quarter Review United Parcel Service (UPS), the world’s largest package delivery company, reported first quarter results on April 27, 2010. The company reported adjusted earnings of 71 cents per share, beating the Zacks Consensus Estimate of 69 cents per share and...
19May2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Quarterly Report Beats The Street
Hewlett-Packard (HPQ) reported second quarter 2010 EPS of $1.09, exceeding the Zacks Consensus estimate by 4 cents. Revenue Revenue for the quarter came in at $30.8 billion, an increase of 13.0% from $27.4 billion reported in the year-ago period including a favorable foreign...
19May2010 | vitalstocks | 0 comments | Continued(NMB) Air Transport Association Opposes New Rule
The Air Transport Association (ATA) filed a lawsuit against the National Mediation Board (NMB) to stop the Obama administration from putting in effect the new rules for unions, which makes the organization easier to assemble workers at airlines and railroads. NMB coordinates...
19May2010 | vitalstocks | 0 comments | Continued(BAX) Baxter International Recalls Products
Baxter International Inc. (BAX) has recently initiated a voluntary recall of all lots of its Hylenex recombinant as a result of glass particles found in vials of the product. Hylenex increases the absorption of fluids to boost injected drugs and for fluids and drugs administered...
19May2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Banks Stock Update – May 2010 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry still remains in question due to several negatives Incorporatedluding asset-quality troubles, drawbacks of new regulations and the continuation of both...
19May2010 | vitalstocks | 0 comments | Continued(DE) Deere Quarterly Report Beats Expectations – Raises Guidance
Deere & Co. (DE) reported earnings of $1.58 per share for its fiscal second quarter ended April 30. That was substantially ahead of the Zacks Consensus Estimate of $1.09 and compares favorably with earnings of $1.11 in the year-ago quarter. DE’s earnings exclude a tax...
19May2010 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Settles with AstraZeneca
Teva Pharmaceutical Industries (TEVA) recently entered into an agreement with AstraZeneca (AZN) to settle their litigation regarding the former’s generic version of AstraZeneca’s Entocort EC (budesonide) capsules. Merck (MRK), which has a partnership with AstraZeneca...
19May2010 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Earns FDA Approval for Menorrhagia Treatment
Boston Scientific Corporation (BSX) recently received U.S. Food and Drug Administration (FDA) approval for its Genesys HTA System for the treatment of menorrhagia. The new product is an endometrial ablation system designed to ablate the endometrial lining of the uterus in premenopausal...
19May2010 | vitalstocks | 0 comments | Continued(AAPL) Small Caps Ahead of the Mainstream – Investing in Breakthrough Technology
Mind-boggling. That’s really the only way to describe some of today’s technological advances. For example… Just 20 years ago, an HIV-positive diagnosis was a certified death sentence. But thanks to medical advancements, it’s now a manageable disease. Even some cancers...
19May2010 | InvestmentU | 0 comments | Continued(F) U.S. Consumer Price Index (CPI) Fell by 0.1% in April – What Inflation?
The Consumer Price Index (CPI) fell by 0.1% in April on a headline basis, and was unchanged once one strips out food and energy. For anyone who is listening out there, let me make this crystal clear: inflation is NOT a problem right now. On a year-over-year basis, the headline...
19May2010 | vitalstocks | 0 comments | Continued(VOD) Vodafone Beats Expectations – Boosts Dividend
International telecom giant Vodafone Group Plc. (VOD) has announced fiscal 2010 results. The world’s largest wireless carrier by sales posted adjusted (excluding one-time items such as impairment charges) earnings per ADS of US$2.56, beating the Zacks Consensus Estimate of...
19May2010 | vitalstocks | 0 comments | Continued(BA) Boeing Announces 737 Production Increase
Boeing Company (BA) announced plans to increase production of the Next-Generation 737. Boeing will increase the production rate to 34 airplanes per month in early 2012 from the current rate of 31.5 airplanes per month. Boeing has sold over 5,200 Next-Generation 737 to its customers...
19May2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Plans For 4G LTE Phone in May 2011
Verizon (VZ) has hinted that it may roll out 4G handsets in May 2011, ahead of its previous mid-2011 expectation. According to Verizon wireless CEO, at least five handsets from leading vendors such as Motorola (MOT), Research In Motion (RIMM), HTC and LG are expected to be unleashed...
19May2010 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio Anticipates Serious Growth
Satellite radio service provider SIRIUS XM Radio Inc. (SIRI), which was facing bankruptcy just a year ago, is now gradually moving towards stabilization. Yesterday, the company announced that it will generate significant subscriber growth in 2010. SIRIUS XM now expects to add...
19May2010 | vitalstocks | 0 comments | Continued