Archive for July, 2010
(MOT) Motorola to Launch New CHARM Smartphone
The struggling mobile phone manufacturer Motorola Inc. (MOT) is all set to launch its latest touchscreen smartphone the ‘Motorola CHARM’ with MOTOBLUR enhancements. This device will likely hit the market by the third quarter of 2010, exclusively with T-Mobile USA, the U.S....
8Jul2010 | vitalstocks | 0 comments | Continued(DO) Diamond Offshore Sells Ocean Shield to Ensco plc
Offshore driller Diamond Offshore Drilling Inc. (DO) disposed of its 350-feet high-specification jackup Ocean Shield to Ensco plc (ESV) for $186 million in cash, reflecting the company’s intention to utilize the cash in the deepwater drilling assets. The sale of Ocean Shield...
8Jul2010 | vitalstocks | 0 comments | Continued(WU) Western Union Expands in Japan
The world’s leading money transfer company, Western Union Co. (WU), yesterday announced that it has tied up with a leading foreign-exchange specialist company, Travelex Group Limited. Western Union intends to offer its international money transfer services in Japan. Western...
8Jul2010 | vitalstocks | 0 comments | Continued(MFE) McAfee Dominant in USB Device OEM
Internet security company McAfee Inc. (MFE) has announced that it is now the dominant original equipment manufacturer (OEM) for universal serial bus (USB) devices, with two-thirds of manufacturers across the world opting for its security solutions. The company’s current USB...
8Jul2010 | vitalstocks | 0 comments | Continued(LUV) Airline Traffic Rises in June
Airlines companies have reported their June 2010 traffic results. Airlines traffic, measured in billions of revenue passenger miles Incorporatedreased from an improvement in the global economy, improved business travel, international traffic and rising fares. Airlines are increasing...
8Jul2010 | vitalstocks | 0 comments | Continued(WFC) U.S. Initial Jobless Claims Pulls Back
Initial claims for unemployment insurance fell back towards the bottom of the “trading range” they have been stuck in since the start of the year. Last week they fell by 21,000 to 454,000, essentiality reversing the big rise last week. Because the week-to-week movements...
8Jul2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Gets $6 Million Defense Funding
Raytheon Co. (RTN) recently announced that its wholly owned subsidiary BBN Technologies has been awarded an additional $6.14 million in funding by Defense Advanced Research Projects Agency (DARPA) to facilitate troops in translating foreign language texts while in a battlefield. This...
8Jul2010 | vitalstocks | 0 comments | Continued(BCH) Non-U.S. Banks Stock Update – July 2010 – Industry Outlook
The global banking industry has been recovering at a slower pace from the worst downturn since the Great Depression that started as a credit issue in the subprime segment of the U.S. mortgage market and ultimately spread to engulf almost the entire global financial services industry....
8Jul2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Sells IntelliGo WiFi Hotspots to Road Runner Mobile WiMax Subscribers
Time Warner Cable Inc. (TWC) has started selling WiFi hotspots called “IntelliGo” to its “Road Runner Mobile” subscribers. “Road Runner Mobile” is the brand of Time Warner Cable’s next-generation (4G) WiMAX network. Manufactured by Sierra Wireless Inc....
8Jul2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Makes Australian Gas Find
Chevron Corp. (CVX) – the second-biggest U.S. oil company – announced the discovery of a new offshore natural gas site (Clio-3) in Western Australia’s Carnarvon Basin. The discovery builds on the integrated energy giant’s leading position in this hydrocarbon-rich area...
8Jul2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Announces Intent to Reduce Top-Lvel Jobs
Lockheed Martin Corp. (LMT) announced its intent to reduce head count at the director and vice president levels, aiming at curtailing its overhead costs through a new program. Financial incentives are being offered to leave the company by Feb 1, 2011. First quarter ending, Lockheed...
8Jul2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Awarded $368 Million Navy Contract
Raytheon Company (RTN) received a $368 million, three-year, contract from the U.S. Navy to manufacture Standard Missile-6 (“SM-6″) systems. The contract includes the production of missiles, spare parts, and system and design engineering efforts, to meet the requirements...
7Jul2010 | vitalstocks | 0 comments | Continued(NFLX) Netflix SignsDeal with Relativity Media LLC
A leading provider of online movie rental services, Netflix Inc. (NFLX), signed a long-term, exclusive movie licensing deal with the media and entertainment company Relativity Media LLC. Financial terms of the deal were not disclosed. The agreement allows Netflix to stream Relativity’s...
7Jul2010 | vitalstocks | 0 comments | Continued(GOOG) Google Needs to Protect Leadership Position as Online Goes Mobile
With the desktop PC receding as the primary hardware for connecting users to the web, many equations are changing. For Google Inc. (GOOG), which has dominated the search market on the desktop platform for awhile now, this could be regarded as a threat to its leadership position....
7Jul2010 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Reaffirms Outlook
Second Quarter Guidance Electronic payment processor Fidelity National Information Services, Inc. (FIS) reiterated its outlook for the second quarter of 2010. Management expects second quarter adjusted revenues to grow in the low single digit range with an adjusted EBITDA margin...
7Jul2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Signs Five Year Information Technology Deal With UBS AG
Virginia-based software major Computer Sciences Corporation (CSC) signed a 5-year information technology (IT) services deal with Swiss bank UBS AG (UBS). As per the terms of the deal, Computer Sciences will provide extensive services (networking, security and telecommunications)...
7Jul2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly Boosts Pipeline
Eli Lilly and Company (LLY) recently announced that it intends to acquire privately held biotech company Alnara Pharmaceuticals Inc. Alnara specializes in the development of protein therapeutics for the treatment of metabolic diseases. The financial terms of the deal were not...
7Jul2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Acquires LightLab Imaging
Leading medical devices maker St. Jude Medical (STJ) has completed its acquisition of medical technology firm LightLab Imaging for roughly $90 million. LightLab will be integrated into St. Jude’s cardiovascular division. Massachusetts-based LightLab specializes in optical imaging...
7Jul2010 | vitalstocks | 0 comments | Continued(HBC) HSBC Holdings Announces it Will Acquire Royal Bank of Scotland’s Indian Unit
HSBC Holdings Plc (HBC) on Friday announced that it will acquire the retail and commercial banking businesses of Royal Bank of Scotland Group Plc (RBS) in India. RBS has an Indian portfolio with a gross asset value of $1.8 billion as of March 31, 2010. Under the terms of the...
7Jul2010 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble Completes Acquisition of Ambi Pur from Sara Lee Corporation
Procter & Gamble Company (PG), a manufacturer of consumer goods, has completed its acquisition of the Ambi Pur brand from Sara Lee Corporation (SLE) for €320 million (about $470 million). Procter & Gamble will pay about 12% of the total consideration into escrow account...
7Jul2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Announces Closing of the Palm Acquisition
The latest disclosure by the world’s largest computer maker Hewlett-Packard Company (HPQ) confirms that it has completed the acquisition of the smartphone maker Palm Inc. (PALM) for $5.70 per share in cash. This acquisition is expected to help Hewlett-Packard enter the highly...
6Jul2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil / Natural Gas Drilling Rig Count Inches Ahead
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 despite recent price declines for both commodities. Rigs...
6Jul2010 | vitalstocks | 0 comments | Continued(ABC) Publishing Industry Review and Outlook – July 2010 – Industry Outlook
The publishing industry has long been grappling with sinking advertising revenue, and the recent global economic meltdown has worsened the situation. This comes in the wake of a longer-term secular decline as more readers choose to get news free online, thereby making the print-advertising...
6Jul2010 | vitalstocks | 0 comments | Continued(IT) International Business Machines Acquires IT Compliance Software Provider BigFix
Information Technology (IT) giant, International Business Machines Corp. (IBM) signed an agreement to acquire security and corporate IT compliance software provider BigFix Inc. for an undisclosed amount. According to Bloomberg, IBM paid a whopping amount of approximately $400.0...
6Jul2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Opens New Facility in Newton, PA
Lockheed Martin Corp. (LMT), the largest US defense contractor, inaugurated its new facilities in Newtown, Pa, after completing its $24 million expansion program. The expansion program included addition of a conference center and new manufacturing capabilities to the facility. Lockheed...
6Jul2010 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Announces it will Acquire Innovision
Broadcom Corporation (BRCM) announced that its subsidiary, Broadcom International Ltd., will make an all-cash offer to acquire 100% stake in Innovision Research & Technology PLC. Innovision is a leader in near-field communication (NFC) technology. Innovision delivers innovative...
6Jul2010 | vitalstocks | 0 comments | Continued(BP) BP’s Drilling Contracts in Gulf of Mexico in Trouble?
BP plc (BP) is running the risk of losing control on its U.S. oil and natural gas wells following the Gulf of Mexico (GoM) oil spill, according to a report by Bloomberg. Industry and regulatory analysts are of the opinion that the U.S. government should ban BP from operating...
6Jul2010 | vitalstocks | 0 comments | Continued(BUD) Budweiser: Because You Deserve What Every Individual Should Enjoy Regularly
by Tony D’Altorio, Investment U Research Friday, June 18, 2010 Anheuser-Busch InBev ADR (NYSE: BUD) controls about 22% of the global market. That makes it the world’s biggest brewer. Last month, the company reported better than expected first quarter profits. Earnings...
6Jul2010 | InvestmentU | 0 comments | Continued(UTX) United Technologies’ Sikorsky Subsidiary Wins $8.4 Million Contract
Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (UTX), received an $8.4 billion contract from the US Navy for the VH-3D Executive Helicopter special progressive aircraft rework. This is a modification of an existing contract between the US Defense Department...
6Jul2010 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Close to Deployment of Switched Digital Video
Comcast Corp. (CMCSA), the largest cable MSO in the U.S. , in on the verge of rolling out switched digital video (SDV). Recently in a filling to FCC, Comcast stated that it will adhere by the agency’s SDV policy. SDV technology distributes digital video content through cable...
6Jul2010 | vitalstocks | 0 comments | Continued