Archive for July, 2010
(BA) Boeing Signs Deal With Air China For Twenty Next-Generation 737 Aircraft
Last week, Boeing Company (BA) inked a deal with Air China to supply 20 Next-Generation 737-800 jetliners. The Boeing aircraft will cost approximately $1,398 million (approximately HK$10,864.9 million) in total. Boeing will deliver the vehicles in stages from 2013 to 2015, and...
14Jul2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Announces U.S. Forces Defense Deal
Leading large enterprise software company BMC Software Inc. (BMC) recently announced that U.S. Forces Japan (USFJ) has successfully implemented its BladeLogic Server Automation solution. The solution was deployed into USGJ’s Command Cyber Readiness Inspection (“CCRI”)...
14Jul2010 | vitalstocks | 0 comments | Continued(RIG) Transocean Analyst Downgrades to Underperform
We are downgrading offshore driller Transocean Inc. (RIG) shares to Underperform from Neutral, due to the potential fallout from the Gulf of Mexico (“GoM”) oil spill. As a reminder, on April 20, Transocean’s ultra-deepwater Horizon drilling platform, contracted to British...
14Jul2010 | vitalstocks | 0 comments | Continued(GE) General Electric Funds $200 Million in Power Grid Technology
General Electric Co. (GE), together with its partners Emerald Technology Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and RockPort Capital, plans to invest $200 million to upgrade its Power Grid Technology. The investment is a part of the company’s “ecomagination”...
14Jul2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Sells Modem Unit to Renesas
The world’s largest mobile phone manufacturer, Nokia Corp. (NOK) announced plans to sell its wireless modem business to Renesas Electronics of Japan for $200 million with the intention of forming a strategic alliance to further develop modem technologies. The deal is expected...
14Jul2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Still Target of Chinatrust
Despite the lapse of the original share swap agreement with the Hong Kong-led consortium, Chinatrust Financial Holding Co. Ltd., one of the biggest financial groups of Taiwan, said on Monday that it is still eyeing American International Group Inc’s. (AIG) Taiwan unit, Nan...
14Jul2010 | vitalstocks | 0 comments | Continued(HP) Helmerich & Payne to Build New FlexRigs
Helmerich & Payne Inc. (HP), a contract drilling company, announced a new deal under which the company will build and operate 7 additional FlexRigs. The contracts were awarded by four exploration and production companies, whose names and other conditions of the deal were...
14Jul2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America to Cut Fifty Jobs in Tampa
In order to use its resources more efficiently following a business restructuring, Bank of America Corp. (BAC) is planning to retrench 50 employees in the Tampa area by the end of August 2010. The news was reported by the Charlotte Business Journal. These job cuts will translate...
14Jul2010 | vitalstocks | 0 comments | Continued(MMM) 3M Acquires Dailys
3M Company (MMM) has acquired Dailys Ltd, a U.K– based manufacturer of disposable, protective clothing. The terms of the transaction were not disclosed. Dailys specializes in non-woven, chemically treated covering material meant for industrial use. 3M Company will gain access...
14Jul2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Interim Update is Bullish
U.S. energy behemoth Chevron Corp. (CVX) released its second-quarter 2010 interim update, covering the first 2 months of the quarter. On the whole, the update is on the bullish side, with earnings expected to be higher than the previous quarter. The company expects to benefit...
14Jul2010 | vitalstocks | 0 comments | Continued(C) Citigroup Expands Energy Business Team
In an effort to boost its energy business in Asia, Citigroup Inc. (C) is recruiting a minimum of five additional employees Incorporatedluding two traders, as per a Reuters report. Citi has already hired Rob Biro as the head of its Asia oil products team. Rob Biro was a long-serving...
14Jul2010 | vitalstocks | 0 comments | Continued(ORCL) Oracle Announces $3.25 Billion Total in Notes Issued
Oracle Corp. (ORCL) announced to issue notes in two parts comprising $1.0 billion in 10-year notes and $2.25 billion in 30-year bonds. The sell offer is expected to close on Jul 19, 2010. The $1.0 billion carries an interest rate of 3.875%, and due on 2020. The $2.25 billion...
13Jul2010 | vitalstocks | 0 comments | Continued(F) Auto Industry Outlook and Review – July 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first quarter of 2010, General Motors (MTLQQ) led with a 19.2% market share in the U.S., followed by Ford Motor Co. (F) with a 17.3% market share,...
13Jul2010 | vitalstocks | 0 comments | Continued(INTC) Intel Earnings Report Boasts Big Numbers
Intel Corp. (INTC), the world’s largest chipmaker, easily outperformed earnings estimates in its 2nd quarter of 2010, reported after the bell but preceding the company’s conference call scheduled for 5:30pm ET. Intel posted earnings of 51 cents per share, beating...
13Jul2010 | vitalstocks | 0 comments | Continued(ISCA) Stocks As Dominant As LeBron James
by Marc Lichtenfeld, Advisory Panelist Tuesday, July 13, 2010: Issue #1300 With the World Cup over for another four years, the tournament underlined the fact that we live in a sports-crazed world. Even people who don’t read the sports section of the newspaper or don’t usually...
13Jul2010 | InvestmentU | 0 comments | Continued(KFT) U.S. Trade Deficit Gets Even Worse
In May, the trade deficit expanded to $42.27 billion from $40.32 billion in April. Relative to a year ago, the trade deficit is up 70.0%, but May of a year ago marked the low point in the trade deficit after world trade collapsed following the 2008 financial meltdown. The May...
13Jul2010 | vitalstocks | 0 comments | Continued(MAR) Marriott International Earnings Preview
Marriott International Inc. (MAR), a leading worldwide hospitality company primarily focusing on property management and franchising, is slated to release its second-quarter 2010 results on Wednesday, July 14. The current Zacks Consensus Estimate for the second quarter is 28...
13Jul2010 | vitalstocks | 0 comments | Continued(DDS) Dillard Reports Same Store Sales Up by 2%
The departmental store chain, Dillard Inc. (DDS), witnessed an upbeat of 2% in same store sales as well as net sales for the five-week ended July 3, 2010. Sales were $506 million for the month as compared with $497 million in the prior comparable month. Dillard saw an above-average...
13Jul2010 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Acquires Cobalt Group
A leading provider of outsourced HR solutions and payroll processing services, Automatic Data Processing Inc. (ADP) announced the acquisition of privately held Cobalt Group for approximately $400 million in cash. Subject to regulatory approval, the acquisition will likely be...
13Jul2010 | vitalstocks | 0 comments | Continued(MCO) Tenet Healthcare Credit Ratings Raised by Moody’s
On Thursday, Moody’s Investors Service, a division of Moody’s Corporation (MCO), upgraded the corporate family ratings and the probability default ratings for Tenet Healthcare Corporation (THC). Moody’s also raised debt ratings on several senior notes issued...
13Jul2010 | vitalstocks | 0 comments | Continued(C) U.S. Federal Regulators Review the Pay Policies of Banks
Yesterday, Federal regulators adopted a strategy designed to curb compensation policies of banks that encourage employees to take unnecessary risks. The plan, which was originally proposed last year, has also been endorsed by the Federal Insurance Deposit Corporation, Office...
13Jul2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Awarded Advanced Naval Cooling System Contract by U.S. Navy
Raytheon Company (RTN) was awarded the Advanced Naval Cooling System (ANCS) contract by the Office of Naval Research for developing next-generation phase-change cooling system technology for the U.S. Navy. Raytheon will develop system level solutions for implementing phase-change...
13Jul2010 | vitalstocks | 0 comments | Continued(CRMT) America’s Car-Mart – Customer Credit Is Starting to Turnaround
Who said the auto industry is down and out? America’s Car-Mart, Inc. (CRMT), which operates 97 automotive dealerships in 8 states and also has a successful car financing slogan “Buy Here/Pay Here”, on Jun 3 reported record full year earnings. When I last reviewed...
13Jul2010 | vitalstocks | 0 comments | Continued(FSLR) First Solar Acquires NextLight
First Solar Inc. (FSLR) completed the acquisition of solar development firm NextLight Renewable Power LLC, from private equity firm Energy Capital Partners. First Solar acquired NextLight in an all-cash transaction valued at approximately $297 million. First Solar through the...
13Jul2010 | vitalstocks | 0 comments | Continued(CIEN) Ciena Price Target Lowered
We are lowering our price target to $13.00 from our previous $17.00 for Ciena Corp. (CIEN). Although we anticipate a recovery in 2011, Ciena could exhibit high volatility due to the lack of a near-term visibility, integration related risk Incorporatedreased expenses, continued...
13Jul2010 | vitalstocks | 0 comments | Continued(CSX) CSX Corporation’s Earnings Beat on Solid Volume
CSX Corporation (CSX), the third-largest railroad in the country, declared its second quarter earnings on July 12, 2010. The company’s results beat the Zacks Consensus Estimate by 10 cents. Net earnings of CSX shot up 50.7% in the second quarter to $1.07 per share from 71 cents...
13Jul2010 | vitalstocks | 0 comments | Continued(AA) Alcoa Earnings Beat Expectations by a Penny
For the first time in the company’s last 3 quarters, Alcoa Inc. (AA) has beaten quarterly earnings estimates. The so-called “lead-off hitter” of every quarterly earnings season, Alcoa posted a gain of 13 cents per share, outshining the zacks Consensus Estimate...
13Jul2010 | vitalstocks | 0 comments | Continued(AMCC) Applied Micro Circuits Analyst Assigns Neutral Rating
We recently reiterated our ‘Neutral’ rating on Applied Micro Circuits Corporation (AMCC) in view of the company’s continued performance. Smartphone growth continues to be strong, having recorded a 30% growth in 2009 and creating an upsurge in subscription to data plans...
12Jul2010 | vitalstocks | 0 comments | Continued(BA) Boeing Moves Forward Toward Completion of Argon ST Aquisition
Boeing Company (BA) is on its way to complete its previously announced acquisition of Fairfax, Virginia-based Argon ST Inc. (STST). Boeing instigated a cash tender offer to purchase all of the outstanding shares of Argon ST for roughly $775 million. Vortex Merger Sub Inc., a...
12Jul2010 | vitalstocks | 0 comments | Continued(DELL) Dell Enhances Design Studio
The third largest PC maker in the world Dell Inc. (DELL) recently announced that it will team up with online T-shirt store/community Threadless to give a new look to its laptops. Dell already makes a number of colors and designs available to customers through the Dell Design...
12Jul2010 | vitalstocks | 0 comments | Continued