Archive for June, 2010
(GD) General Dynamics’ Unit C4 Systems Wins NASA Contract
General Dynamics (GD) stated that its operating unit, C4 Systems, was awarded a contract by the NASA. The Space Network Ground Segment Sustainment contract is worth $642.2 million and will begin from June 21, 2010, and continue through June 20, 2017. The Space Network Ground...
17Jun2010 | vitalstocks | 0 comments | Continued(BA) Boeing Announces Boost to Next-Generation 737 Production
In anticipation of long-term demand for its Next-Generation 737 airplanes, Boeing Company (BA) has decided to boost the production rate of the aircraft. The company will increase its production rate to 35 airplanes per month in early 2012 from the current rate of 34 airplanes...
16Jun2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Enters Agreement To Settle With The Department Of Justice
Recently, St. Jude Medical (STJ) entered into an agreement with the US Department of Justice (DOJ) to pay $3.7 million for the settlement of a fraud case related to illegal payments made to hospitals for securing heart device business. The settlement followed an action filed...
16Jun2010 | vitalstocks | 0 comments | Continued(UAUA) United Airlines Plans Test Flights For Their New Fuel Savings Plan
United Airlines, a wholly owned subsidiary of UAL Corp. (UAUA), plans a test flight on two flights between the U.S. and Europe to reveal its new fuel-saving techniques. The test flight will go on a round trip from Frankfurt to Chicago on a United 777. The company stated that...
16Jun2010 | vitalstocks | 0 comments | Continued(C) Citigroup Divests Its Canadian MasterCard Business
Yesterday, Citigroup Inc. (C) announced an agreement to sell its Canadian MasterCard business to the Canadian Imperial Bank of Commerce. While the terms of the deal were not disclosed, the sale would reduce assets in Citi Holdings by around C$2 billion ($1.9 billion). This sale...
16Jun2010 | vitalstocks | 0 comments | Continued(IT) Computer Sciences Corporation Launches CloudLab
Leading information technology (IT) and business process outsourcing (BPO) company Computer Sciences Corporation (CSC) is taking aggressive measures to enhance its cloud computing services. The company recently introduced CloudLab, a new development and test service mechanism,...
16Jun2010 | vitalstocks | 0 comments | Continued(NWSA) News Corporation Announces Intent to Aquire Stake in British Sky Broadcasting Group
News Corp. (NWSA) on Tuesday declared its intention to acquire a 61% stake in British Sky Broadcasting Group Plc. (BSkyB) for £7.8 billion (US$11.5 billion) or 700 pence per share. The Rupert Murdoch-led News Corp. already owns a 39% stake in BSkyB. However, BSkyB’s management...
15Jun2010 | vitalstocks | 0 comments | Continued(PC) Hewlett-Packard Buys Virtualization Software From Phoenix Technologies
Right after making headlines for a lawsuit against New Jersey-based Turbon International Inc., the largest personal computer (PC) manufacturer Hewlett-Packard Company (HPQ) has hit the headlines again for acquiring three virtualization software lines from software maker Phoenix...
15Jun2010 | vitalstocks | 0 comments | Continued(VMW) VMware Server Virtualization Leads in The Space
Recently, Palo Alto, California-based VMware Inc. (VMW) announced that it has been proclaimed the leader in the Server Virtualization space by the U.S.-based research firm, Gartner Inc. Gartner has placed VMware in the “Leader” quadrant of its Magic Quadrant (MQ), for...
15Jun2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Raises Money Through Offering to Exit TARP
In an attempt to repay its $950 million government bailout fund, Lincoln National Corp. (LNC) announced its intention to raise money through equity and debt offering. As a result, on Monday, the company publicly offered its common stock of about 12.3 million at a purchase price...
15Jun2010 | vitalstocks | 0 comments | Continued(VZ) High-speed Wideband Network DOCSIS 3.0 Gaining Traction
Major cable operators in the U.S. are aggressively deploying high-speed Wideband network based on DCOSIS 3.0 technology. Intense competition among cable operators, satellite carriers, and telecom service providers for broadband market share has forced the cable MSOs to opt for...
15Jun2010 | vitalstocks | 0 comments | Continued(BRKA) U.S. Rail Industry Outlook – June 2010 – Industry Outlook
Along with all other industries in the U.S., railroads also suffered during the economic downturn. Freight rail is a “derived demand” industry — demand for the rail service is tied with demand for the products that the railroads haul. Rail traffic, therefore, acts...
15Jun2010 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Sells $650 Million of Senior Notes
Last Friday, the global financial services company, Bank of New York Mellon Corp. (BK) sold $650 million of senior notes. The medium term notes are due in June 2015. The interest on notes, which carry a coupon rate of 2.95%, will be payable on a semiannual basis. The size of...
14Jun2010 | vitalstocks | 0 comments | Continued(ERTS) Video Game Industry Faces Tough Times
The video game industry continues to see the after effects of the recession, as revealed by the latest data from market research group NPD. According to the NPD research data, software game sales were down 8.0% from the beginning of the year, down more than $200.0 million from...
14Jun2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Wins U.S. Navy Helicopter Modification Contract
Lockheed Martin Corp. (LMT) won a contract modification from the U.S. Navy for their MH-60R and MH-60S helicopter programs valued at $12.7 million. The contract is expected to be completed by July 2012. Lockheed Martin remains a key player within the military space and continues...
14Jun2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Invests Company to Make Opticals For Cell Phone Cameras
Qualcomm Ventures Europe, a part of Qualcomm Inc. (QCOM), is investing in a Dutch company Anteryon that makes optical components including lenses for phone cameras. Funds will be used to invest in Anteryon’s WaferOptics optical module production technology and an expansion...
14Jun2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Reduces CO2 Emissions
Verizon Communications (VZ), a global leader in delivering broadband and other wireless and wire line communications services, will buy natural gas vans from Ford Motor Company (F) in its effort to conserve energy, reduce greenhouse gas emissions and improve the quality of air. Verizon...
14Jun2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Wins U.S. Army Contract
General Dynamics’ (GD) business unit – General Dynamics Land Systems has been awarded a $92 million contract to supply high-performance Stabilized Commander’s Weapon Stations (SCWS) to the U.S. Army TACOM Lifecycle Management Command of Warren, Michigan. The weapon...
14Jun2010 | vitalstocks | 0 comments | Continued(DELL) Dell Announces Talks to Settle SEC Litigation
Dell Inc. (DELL) disclosed that it is in talks with the Securities and Exchange Commission (SEC) to resolve certain accounting inconsistencies that were discovered by the SEC for periods going back to 2005. However, the situation really got more publicized when the company Incorporatedluding...
14Jun2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Earns US Navy Contracts
Northrop Grumman Corporation (NOC) won two contracts from the US Navy for work on its aircraft carriers. Firstly, the company via its wholly-owned subsidiary, AMSEC LLC was awarded engineering, technical and maintenance services contract worth up to $73.4 million. AMSEC LLC...
14Jun2010 | vitalstocks | 0 comments | Continued(ZION) Zions Prices $125 Million in Preferred Stock
On Friday, Zions Bancorp. (ZION) announced that it has priced 5 million preferred shares worth $125 million at an initial public offering price of $25 per depositary share. The offering is priced at an initial dividend rate of 11%. Post offering, each depositary share represents...
14Jun2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Completes $2 Billion Credit Line
Expanding its debt restructuring initiatives, on Thursday, Lincoln National Corp. (LNC) announced the closure of its bank credit facility worth $2 billion. This includes a 4-year credit agreement of $1.5 billion and a 364-day credit agreement of $500 million. While the new bank...
14Jun2010 | vitalstocks | 0 comments | Continued(NSM) National Semiconductor Earnings Report Ahead of Estimates
National Semiconductor Corp.’s (NSM) earnings per share for the fourth quarter ended May 2010 came in 5 cents over the Zacks Consensus Estimate of 28 cents. The earnings surprise was fueled by very broad-based revenue growth across end markets, geographies and most analog product...
14Jun2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Wins Wireless Spectrum Auction in India
Qualcomm Incorporated (QCOM) has won the BWA (broadband wireless access) spectrum in the 2.3 GHz band, in four telecom circles of Delhi , Mumbai, Haryana and Kerala in India for a total cost of about $1.045 billion. After receiving the government’s formal approval, Qualcomm...
14Jun2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Rig Count Up Despite BP Spill
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity in Texas . This was partly offset by the growing oil...
14Jun2010 | vitalstocks | 0 comments | Continued(FSLR) First Solar Plans Doubling of German Plant
First Solar Inc. (FSLR) announced its intent to double the capacity of its German manufacturing plant in Frankfurt (Oder), Germany , which will create several hundred new jobs in the process. First Solar already employs more than 600 associates in its Frankfurt manufacturing...
13Jun2010 | vitalstocks | 0 comments | Continued(GOOG) Global Smartphone Shipments to Accelerate
According to a recent release by research firm iSuppli Corp, global smartphone shipments are expected to increase 105% to 506 million units in 2014 from 246.9 million expected in 2010. The research firm said that the smartphone unit shipment growth of 35.5% expected in 2010 will...
13Jun2010 | vitalstocks | 0 comments | Continued(NTAP) NetApp Strengthens Alliance With Microsoft
NetApp Inc. (NTAP) has strengthened its strategic alliance with Microsoft Corp. (MSFT). Accordingly, the two companies are going to increase technological collaboration in an attempt to help common customers and service providers improve their infrastructure and enhance their...
13Jun2010 | vitalstocks | 0 comments | Continued(HRS) Harris Wins Major Contract For Federal Aviation Administration
Harris Corp. (HRS), a member of The Boeing Company team, has won a part of a $7 billion Indefinite Quantity/Indefinite Delivery (IDIQ) contract to provide the Federal Aviation Administration (FAA) with mission analysis and systems engineering services. This 10 year contract aims...
13Jun2010 | vitalstocks | 0 comments | Continued(GE) Trade Deficit Rose in April
The Trade Deficit rose to $40.285 billion in April from $40.047 billion in March, and up sharply from $28.445 a year ago. There were a few silver linings. First, the deficit was less than the $41.3 billion expected by the consensus of economists. Second, the March deficit was...
13Jun2010 | vitalstocks | 0 comments | Continued