Archive for June, 2010
(JPM) JPMorgan Chase & Co Signs Deal with Chinese Firm
On Wednesday, JPMorgan Chase & Co. (JPM) signed an agreement to form a joint venture with China’s First Capital Securities Co Ltd. The deal is part of the strategy to take share of a large part of the fees from the booming Chinese capital market. The deal is still subject...
13Jun2010 | vitalstocks | 0 comments | Continued(BBY) Housing, Inflation & Production Keys – Earnings Preview
Earnings Preview 6/11/10 The first quarter earnings season is effectively over. There will be just 33 firms reporting next week, and some of those will be reporting second quarter earnings, not first quarter (we define fiscal periods ending in May, June and July as being second...
13Jun2010 | vitalstocks | 0 comments | Continued(AKAM) Akamai Technologies Announces Purchase of Velocitude
Akamai Technologies Inc. (AKAM) recently announced that it has completed the acquisition of Velocitude, a mobile services platform that uses cloud computing. However, terms of the deal were not disclosed. The merger is expected to strengthen Akamai’s strategic position in the...
13Jun2010 | vitalstocks | 0 comments | Continued(HAL) U.S. Natural Gas Reserves Rise
The federal government’s Energy Information Administration (EIA) reported a higher-than-expected increase in natural gas supplies, reflecting reduced industrial demand (due to the Memorial Day holiday), partially offset by significantly warmer-than-normal temperatures in the...
13Jun2010 | vitalstocks | 0 comments | Continued(MAR) Hotel Industry Operating Environment Improving
The operating environment in the hotels industry deteriorated in the last several quarters owing to the slowdown in the global economy, contracting credit markets and reduced consumer spends. However, with some early signs of economic recovery, the hotel industry is experiencing...
13Jun2010 | vitalstocks | 0 comments | Continued(GE) General Electric Introduces as Engine Efficiency Technology
General Electric Co. (GE), a leading worldwide supplier of power generation and energy delivery technologies, has become the first gas engine manufacturer to use two-stage turbocharging technology. The innovation addresses the rising worldwide demand for high-efficiency power...
13Jun2010 | vitalstocks | 0 comments | Continued(SYMC) Symantec Signs Multi-Year Agreement With Hewlett-Packard
The California-based global leader in security solutions, Symantec Corp. (SYMC) announced yesterday that it has signed a multi-year agreement with the world’s largest PC maker Hewlett-Packard Co. (HPQ). The news of the agreement, which is an extension to the ongoing relationship,...
13Jun2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Gets U.S. Government Antitrust Scrutiny
Apple Inc. (AAPL) has attracted an antitrust scrutiny from U.S. regulators by restricting its largest competitors — Google Inc. (GOOG), Nokia Corp. (NOK) and Microsoft Corp. (MSFT) from advertising on AAPL’s mobile devices Incorporatedluding the iPhone, iPad and iPod,...
13Jun2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Seeks Lupus Drug FDA Approval
Human Genome Sciences Inc. (HGSI) recently submitted a Biologics License Application (BLA) to the US Food and Drug Administration (FDA) seeking marketing approval for its potential blockbuster lupus drug candidate, Benlysta. Human Genome and GlaxoSmithKline plc (GSK) are co-developing...
13Jun2010 | vitalstocks | 0 comments | Continued(JCP) Retail Industry Review and Outlook – June 2010 – Industry Outlook
The improving U.S. economic scene, some early tentative signs of a turnaround in the labor market, and pent-up demand held down by the recession have come together to perk up the retailers. Evidence of these favorable trends has been seen in comp sales, though the improvements...
11Jun2010 | vitalstocks | 0 comments | Continued(CVX) U.S. Crude Oil Stocks Drop – Distillates Increase
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decline in crude oil stockpiles, while gasoline supply remained essentially flat. The agency’s report further added that inventories of distillate fuel posted a higher-than-expected rise,...
10Jun2010 | vitalstocks | 0 comments | Continued(AAPL) Apple’s iPhone 4 In The Stores Soon
Shares of Apple Inc. (AAPL) are up since its release of its fourth generation iPhone 4 at the WWDC 2010 event. Apple’s products have huge followings, and new products launched have a strong track record of success. In our opinion, the new iPhone will be another milestone achievement...
9Jun2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Seeks European Approval For Lupus Drug
Human Genome Sciences Inc. (HGSI) recently submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) seeking marketing approval for its potential blockbuster lupus drug candidate, Benlysta, in Europe. Human Genome and GlaxoSmithKline plc (GSK)...
9Jun2010 | vitalstocks | 0 comments | Continued(IT) Ingram Micro Opens New Services Based in The Cloud
In its inaugural Cloud Summit yesterday in Dallas, Texas, the largest information technology (IT) product distributor, Ingram Micro Inc. (IM), announced a new services initiative named Cloud Conduit, which connects its North American channel partners with leading and emerging...
9Jun2010 | vitalstocks | 0 comments | Continued(UAUA) U.S. Airline Industry Outlook – June 2010
U.S. Airlines Emerging from Recession With the global economy continuing to improve, there is steady improvement in demand for air travel as well as cargo since the beginning of 2010, after being badly affected by the economic downturn. Business travel, which is directly affected...
9Jun2010 | vitalstocks | 0 comments | Continued(IBM) IBM Announces New Systems Engineering and Software Development Products
International Business Machine Corp. (IBM) announced a series of new software and services, aiming to support advanced systems engineering and software development. These services are primarily focused on integrating software development in a cost effective manner and within...
8Jun2010 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company Earnings Report Below The Street
Suntech Power Holdings Company Ltd. (STP) posted lower first quarter results of 11 cents, compared to the Zacks Consensus Estimate per American Depositary Share (EPADS) of 15 cents. Operational Results Suntech registered total net revenues of $588.0 million, an increase of 0.8%...
7Jun2010 | vitalstocks | 0 comments | Continued(T) AT&T Wireless Eliminates Unlimited Data Plans
In a major move, AT&T (T) has introduced new data plans for its smartphone and iPad users, thereby bringing its existing unlimited data plans to an end. The new price plans, which replace AT&T’s current $30 monthly unlimited wireless data plan, however, do not affect...
7Jun2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Wins Air Force Contract
Raytheon Company (RTN) was awarded a $21.8 million contract by the Air Force for modifications to the Joint Environmental Toolkit (JET) program for the next-generation weather systems. The contract came from Electronic Systems Center of the Air Force Materiel Command at Hanscom...
7Jun2010 | vitalstocks | 0 comments | Continued(CSX) CSX Corporation – Revenues Rose 11%
CSX Corporation (CSX) shares look attractive at these levels. The stock is trading at 15.0x 2010 consensus estimates and 12.7x 2011 consensus estimates. And management expects to deliver strong double-digit EPS growth in 2010. Analysts estimate that this Zacks #2 Rank stock will...
7Jun2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2010 Increase to 81
Bank failures continue unabated as the U.S. regulators closed down three more banks in Mississippi, Illinois and Nebraska on Friday, pushing up the figure to 81 so far in 2010. This compares with a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007. Although...
7Jun2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Works With Rural Telecommunications Firms for 4G LTE
Verizon (VZ) remains committed to its plans to collaborate with rural wireless operators for rolling out 4G services based on the Long-Term Evolution (LTE) wireless broadband standard. In addition to rural carriers, Big Red is also seeking partnership with tower and backhaul...
7Jun2010 | vitalstocks | 0 comments | Continued(DELL) DELL Sets The Pace in Electronic Medical Records
Texas-based PC maker Dell Inc. (DELL) recently tied the knot with Practice Fusion to jointly offer a comprehensive package including hardware, software and other online services to doctors at an affordable price. Practice Fusion is a San Francisco-based electronic medical record...
7Jun2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Gulf of Mexico Drilling Ban Pulls Down U.S. Rig Count
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting the growing oil spill in the U.S. Gulf of Mexico (GoM) and ensuing drilling ban in...
7Jun2010 | vitalstocks | 0 comments | Continued(T) AT&T Wireless Eliminates Unlimited Data Plans
In a major move, AT&T (T) has introduced new data plans for its smartphone and iPad users, thereby bringing its existing unlimited data plans to an end. The new price plans, which replace AT&T’s current $30 monthly unlimited wireless data plan, however, do not affect...
6Jun2010 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions To Increase Efficiency of Brooklyn Hospital
Allscripts-Misys Healthcare Solutions Inc. (MDRX) recently entered into an agreement with Maimonides Medical Center , the premier academic medical center in Brooklyn. Per the agreement, Maimonides Medical Center has selected the Allscripts Care Management solution to increase...
6Jun2010 | vitalstocks | 0 comments | Continued(LNG) BP plc – Is It Time to Evaluate If BP is a Good Investment?
Writing this is going to be hard. As the matter of fact it is going to be one of the hardest things we have ever done. And the reason that’s so, is because we all work for a living, we all have families, and in some cases, not only have we worked in Lower Plaquemine’s...
6Jun2010 | Wax | 0 comments | Continued(S) Sprint Nextel Announces That The EVO 4G Is In Stores
The prolonged wait for a 4G smartphone is officially over as the third-largest U.S. carrier Sprint Nextel (S) has made history by launching the nation’s first 4G handset “EVO 4G” on Friday, June 4, 2010. The feature-rich, state-of-the-art device is now available across...
6Jun2010 | vitalstocks | 0 comments | Continued(IBM) IBM Wins Ten Year Contract in India
Technology giant International Business Machines (IBM) announced a 10-year, multi-million dollar agreement with India-based ElectraCard Services (ECS), a leading provider of software solutions for electronic payment systems. Under the terms of agreement, IBM will provide technical...
6Jun2010 | vitalstocks | 0 comments | Continued(COP) U.S. Energy Department Reports Positive Inventory Data
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decline in crude stockpiles, while gasoline supply logged another surprise decline. The agency’s report further added that inventories of distillate fuel posted a smaller-than-expected...
6Jun2010 | vitalstocks | 0 comments | Continued