Archive for August, 2010
(QCOM) Qualcomm Launching Broadband in India
Qualcomm Inc. (QCOM), the largest digital mobile chipset developer based-on CDMA technology, has decided to launch broadband services in India in 2011. Last June, the company won BWA (broadband wireless access) spectrum in the 2.3 GHz band, for four telecom circles of Delhi,...
20Aug2010 | vitalstocks | 0 comments | Continued(LOW) Lowe’s Companies Incorporated – Bear of the Day
Lowe’s Companies, Inc. (LOW) recently posted lower-than-expected second quarter 2010 results. The quarterly earnings of $0.58 per share missed the Zacks Consensus Estimate by a penny. The company also witnessed a decline in the rate of growth of sales and comps in the quarter...
20Aug2010 | vitalstocks | 0 comments | Continued(INTC) McAfee Aquired by Intel
Intel Corp. (INTC) announced yesterday that it would be acquiring McAfee Inc. (MFE), one of the largest makers of security software for $7.68 billion ($6.8 billion net of cash acquired) in an all-cash transaction. The purchase price of $48 a share represents a 60% premium to...
20Aug2010 | vitalstocks | 0 comments | Continued(FNFG) First Niagara Financial Group Acquires NewAlliance Bancshares
Regional bank First Niagara Financial Group Inc. (FNFG) said on Thursday that it will acquire NewAlliance Bancshares Inc. (NAL) in a $1.5 billion cash and stock deal that would boost its presence in New England. This is the largest unassisted deal announcement in U.S. Banking...
20Aug2010 | vitalstocks | 0 comments | ContinuedAug 19: U.S. Initial Jobless Claims Rise Unexpectedly
Initial Claims increased to 500,000, for the week ending 08/14, against the expected decrease to 481,000, after increasing to 488,000, the revised level for the previous week. This was the fourth increase in the past five weeks and the highest level since November. The 4-week...
19Aug2010 | vitalstocks | 0 comments | Continued(FMCC) Four Banks May Face $42 Billion Mortgage Repurchase Loss
The four largest U.S. banks may incur losses of up to $42 billion if housing finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) force them to repurchase faulty mortgages, Fitch Ratings stated on Wednesday. The four banks are JPMorgan Chase & Co. (JPM), Citigroup Inc....
19Aug2010 | vitalstocks | 0 comments | Continued(TDC) Teradata Signs to Provide Enterprise Data Warehousing Solutions for Red Apple
A leading provider of Enterprise Data Warehousing solutions, Teradata Corporation (TDC) will provide data warehouse services to one of the premier supermarket convenience store chains Red Apple Inc. Red Apple has selected Teradata’s Data Warehouse Appliance for its stores....
19Aug2010 | vitalstocks | 0 comments | Continued19 August 2010 AAII Sentiment Survey: Bearish Sentiment Rebounds to a 4-Week High
Bullish sentiment, expectations that stock prices will rise over the next six months, fell 9.7 percentage points in the latest AAII Sentiment Survey. Bullish sentiment registered 30.1%, a six-week low. The historical average is 39%. Neutral sentiment, expectations that stock...
19Aug2010 | vitalstocks | 0 comments | Continued(HRB) If the Tax Cuts are Extended, Who Benefits?
One of the biggest topics on the agenda when Congress gets back from its summer vacation is going to be: What to do about the Bush Tax cuts that are going to expire. The GOP has argued that we need to keep all of them in place. The Obama administration has called for repealing...
19Aug2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Corporation – Record Second Quarter Earnings
Union Pacific Corporation (UNP), for the first time in 6 years, saw volume growth in all 6 of its business segments as the economic recovery gains steam. Earnings are expected to grow by 43.8% in 2010. Union Pacific operates a railroad in 23 Western states. It ships agricultural...
19Aug2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Corporation – Bull of the Day
We upgrade our recommendation for Union Pacific Corp (UNP) to Outperform, following its second quarter 2010 financial results, far ahead of the Zacks Consensus Estimates. The company generated record profit. This excellent performance was achieved through best-ever operating...
19Aug2010 | vitalstocks | 0 comments | Continued(WAG) Walgreen Company – Bear of the Day
Walgreen Company (WAG) posted third quarter fiscal 2010 earnings per share of $0.47, lower than the Zacks Consensus Estimate of $0.57 and year-ago quarter s $0.53. Walgreen’s strategy of store expansion coupled with operating acumen has made the company a leader in the...
19Aug2010 | vitalstocks | 0 comments | Continued(WIN) Windstream Announces They will Acquire Q-Comm
Windstream Corp. (WIN), the fifth largest local telephone carrier in the U.S., agreed to buy Q-Comm Corp., a privately held fiber-optic network operator, for $515 million plus debt. The acquisition is in sync with the consolidation trend in the telecommunication sector. Windstream...
18Aug2010 | vitalstocks | 0 comments | Continued(GTIV) Gentiva Health Services Seals Odyssey Deal
Going ahead with its scheduled program, Gentiva Health Services Inc. (GTIV) completed the acquisition of Odyssey HealthCare Inc. (ODSY) on Tuesday for about $1.0 billion. This constituted an all cash transaction of about 370.4 million for Odyssey’s common stock at $27 per share....
18Aug2010 | vitalstocks | 0 comments | Continued(AMSC) American Superconductor Acquires 25% of Blade Dynamics
Power technology company American Superconductor Corporation (AMSC) acquired a 25% stake in Blade Dynamics Ltd. for $8 million in cash, and will have one seat on the Blade Dynamics Board of Directors. Blade Dynamics Ltd. is a designer and manufacturer of advanced wind turbine...
18Aug2010 | vitalstocks | 0 comments | Continued(TECD) Tech Data Expands Consumer Electronics Product Offerings
Tech Data Corporation (TECD) will be offering 3D TVs and Lenovo’s IdeaPad laptop PCs to retailers in the consumer electronics market, thereby expanding its consumer electronics product offering and diversifying its customer base. The consumer market had been sluggish in 2009;...
18Aug2010 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Announces UCITS III Fund
On Monday, Morgan Stanley (MS) announced the launch of its first Undertakings for Collective Investment in Transferable Securities (UCITS) III Fund. UCITS follows a set of European Union (EU) directives that are aimed to provide collective investment schemes that operate freely...
18Aug2010 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Launchs New Action Game
Video game developer and publisher Electronic Arts Inc. (ERTS) announced the launch of two special editions of the action game Crysis 2. Developed by Frankfurt-based Crytek GmbH, Crysis 2 Limited Edition and the Crysis 2 Nano Edition feature premium packaging and special unlocks...
18Aug2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard to Acquire Fortify Software
Hewlett-Packard Co. (HPQ) recently announced that it will acquire privately-held software company Fortify Software. The company did not disclose the terms of the deal. This acquisition will enhance HP’s product portfolio, and enable the tech major to serve its customers better...
18Aug2010 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company Second Quarter Earnings Hit by Charges
Suntech Power Holdings Company Ltd. (STP) posted a second quarter loss of 97 cents per American Depository Share (EPADS) compared to earnings of 6 cents in the year-ago quarter. However, results in the reported quarter were affected by non-cash impairment charges and provisions,...
18Aug2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Revenue Update – Guidance Intact
Illinois Tool Works Inc. (ITW) reported a 16% year-over-year rise in operating revenues for the three months ended July 31, 2010. The increase includes a 13% growth attributable to a hike in base revenue and 3% to acquisitions. Currency translation was flat in the quarter. End...
18Aug2010 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services in Deal with Banco Bradesco
Electronic payment processor, Fidelity National Information Services Inc. (FIS) announced the signing of a deal or a memorandum of understanding (MOU) with Banco Bradesco (BBD), a Brazilian card processing bank. Under the 10-year deal, Fidelity Processadora e Servicos S.A (FPS),...
18Aug2010 | vitalstocks | 0 comments | Continued(BA) Investing in Companies with Supply Chain Difficulties
by Tony D’Altorio, Investment U Research Tuesday, August 17, 2010 Large industrial companies around the world are reporting increasing strength in demand. And many of them have even adopted hopeful outlooks on global growth. Better-than-expected profits for the second-quarter...
18Aug2010 | InvestmentU | 0 comments | Continued(BP) BP Acquires Devon Energy Assets for $2 Billion
BP Plc (BP) completed the acquisition of an additional interest in the Azeri-Chirag-Gunashli (or “ACG”) oilfield development in the Azerbaijan sector of the Caspian Sea from the U.S. independent oil and gas company Devon Energy (DVN) for $2 billion. This is part of the deal...
18Aug2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Earns $457 Million U.S. Defense Department Contract
Shipbuilder and defense contractor Northrop Grumman Corp. (NOC) won a $457 million contract from the U.S. Defense Department to provide radar equipment for aircraft pilots. Work on the contract will be done in Rolling Meadows, Illinois and is expected to be completed by 2014. Northrop...
18Aug2010 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Acquires Cobalt Group
Provider of outsourced HR solutions and payroll processing services Automatic Data Processing Inc. (ADP) announced the closing of its previously announced acquisition of privately held Cobalt Group for approximately $400 million in cash. Automatic Data had announced the acquisition...
18Aug2010 | vitalstocks | 0 comments | Continued(VAL) Valspar Corporation Earnings Barely Miss Expectations
Paints and coatings maker Valspar Corp. (VAL) recorded net income of $75.1 million or 74 cents per share in the third quarter of fiscal 2010, up 15.5% from last year’s $65 million or 61 cents per share. Earnings were helped by a stronger catings business that negated subdued...
18Aug2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Recalls Introducer Device
The FDA issued an urgent Class I recall of several batches of 6 French (6F) Engage Introducer devices of medical devices giant St. Jude medical (STJ). The Class I recall is the most serious type of recall as it affects products, which can be potentially hazardous or even cause...
18Aug2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Announces Plan to Reduce BlackRock Holding Stake
On Sunday, the Wall Street Journal reported that Bank of America Corporation (BAC) is planning to sell its 34.1% (64.7 million common and preferred shares) stake in BlackRock Inc. (BLK). BofA is considering this sale as it does not view the BlackRock stake as a core earnings...
18Aug2010 | vitalstocks | 0 comments | Continued(ARRS) Arris Group Secures Big Edge-QAM Contract
Recently, Arris Group Inc. (ARRS), a leading infrastructure gear supplier to cable operators won a significant contract from Time Warner Cable Inc. (TWC), as reported by LightReading. According to the source, Arris will supply the bulk (around 60%) of total edge-QAMs to Time...
18Aug2010 | vitalstocks | 0 comments | Continued