Archive for July, 2010

Jun 30: Crude Inventories – Economic Highlights

Crude inventories are expected today at 10:30 AM EST. For the week ending June 18, U.S. commercial crude oil inventories had increased by 2.0 million barrels from the previous week to 365.1 million barrels and were above the upper limit of the average range for that time of year.... 

1Jul2010 | | 0 comments | Continued

(DUK) Duke Energy / Cisco Systems Join to Manage Home Energy

Duke Energy Corporation (DUK) signed an agreement with Cisco Systems Inc. (CSCO) to develop a smart grid-enabled home energy management solution. Duke Energy plans to use the tool to help its residential customers reduce the amount of energy wasted in their homes. Duke Energy... 

1Jul2010 | | 0 comments | Continued

(AIG) American International Group – Bull of the Day

We are upgrading our recommendation on the shares of American International Group (AIG). The company is poised to grow its top line on the back of the reviving economy and equity market appreciation in the upcoming quarters. AIG’s first quarter earnings were substantially... 

1Jul2010 | | 0 comments | Continued

(IHG) InterContinental Hotels Group to Double Chinese Hotels

InterContinental Hotels Group plc (IHG), a leading worldwide hotel company engaged in the ownership, franchising and management of hotels, is set to double the number of hotels it runs in China in about five years. China is Intercontinental Hotels’ largest market outside the... 

1Jul2010 | | 0 comments | Continued

(RMBS) Rambus Executes Licensing Agreement with General Electric For LED Products

Chip interface technology and architecture licensing company Rambus Inc. (RMBS) announced that it has signed a licensing agreement with GE Lighting, a unit of General Electric Company’s (GE) Appliances & Lighting business, for the enhancement of LED (light emitting diode)... 

1Jul2010 | | 0 comments | Continued