Archive for September, 2010
(HOT) Starwood Hotels and Resorts Worldwide Debuts Aloft Branded Hotel in Europe
Starwood Hotels and Resorts Worldwide Inc. (HOT) with its new lifestyle brand Aloft is finally opening its first hotel Aloft Brussels Schuman in Europe, as per the deal in 2007 with Thornsett Group Ltd, an Irish property development company. The hotel is located at Brussels,...
3Sep2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Continues Winning Spree
The winning spree for Computer Sciences Corporation (CSC) does not seem to end, as the company has again won a deal worth $50.0 million to provide analytics modernization services to the Department of Defense (DoD). This is a subcontract awarded to Computer Sciences, by a California-based...
3Sep2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Corporation – Bear of the Day
We are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Second quarter 2010 earnings were in line with the Zacks Consensus Estimate. A higher non-interest expense was among...
3Sep2010 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Bull of the Day
Cummins (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving. The company reported strong results in the most recent quarter, driven by continued strength in the non-U.S. markets. It also surpassed the...
3Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Introduces New iPod Line
Apple Inc. (AAPL) refreshed its iPod line, introducing new features to the iPod Touch, iPod Nano and iPod Shuffle at its event held in San Francisco yesterday. Apple also introduced iTunes 10 with Ping (quite unexpectedly), a social networking feature that enables users to follow,...
2Sep2010 | vitalstocks | 0 comments | Continued(WSC) Berkshire Hathaway Bids $500 Million for Wesco Stake
Following up on his intention of buying 19.9% of Wesco Financial Corp.’s (WSC) holding, Warren Buffett — Chairman and CEO of Berkshire Hathaway Inc. (BRKA, BRKB) — yesterday formally announced a bid to that effect. The offer laid down by Buffet to buy the rest of...
2Sep2010 | vitalstocks | 0 comments | Continued(BKC) Burger King Holdings Soars on Buyout Talk
Burger King Holdings Inc. (BKC) shares jumped 16.7% to $19.19 on Wednesday pre-market trading, on the news that the company is in talks with potential buyers. The two interested parties can be a British private-equity firm 3i Group Plc, and a private investment firm 3G Capital...
2Sep2010 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Develops Fastest Chip
International Business Machines Corp. (IBM) announced the availability of world’s fastest microprocessor that will begin shipping to customers from Sep 10, 2010. The z196 processor is a four-core chip that contains 1.4 billion transistors on a 512-square milimeter (mm) surface....
2Sep2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications and Intuit Join Forces
Verizon Communications Inc. (VZ) entered into an alliance with Intuit Inc. (INTU) to help small businesses expand their foothold by marketing online. Intuit is a leading provider of small-business software Incorporatedluding website services. The alliance between the two companies’...
2Sep2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Corporation Gets C-RAM Task Order
Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NOC) has received a $68 million contract from the Scott Air Force Base, Illinois based Defense Information Systems Agency. The company would provide personnel for operating Counter-Rocket,...
2Sep2010 | vitalstocks | 0 comments | Continued(BJRI) BJ’s Restaurants on Expansion Track
BJ’s Restaurants Inc. (BJRI), based in Orange County, California, recently announced that it has opened an 8,000 square feet restaurant, which accommodates a seating arrangement for 280 guests in Colorado Springs, Colorado. This is the fourth BJ’s restaurant in Colorado,...
2Sep2010 | vitalstocks | 0 comments | Continued(MS) Chinese Investment Corporation to Expand Morgan Stanley Stake
On Tuesday, the Federal Reserve Board approved Chinese Investment Corporation’s (“CIC”) bid to buy up to 10% voting stake in Morgan Stanley (MS) as part of an agreement signed in 2007. The Fed allowed the stake purchase after CIC stated that it will not seek controlling...
1Sep2010 | vitalstocks | 0 comments | Continued(MOT) Motorola Announces Spin-off Details
Struggling mobile phone manufacturer Motorola Inc. (MOT) intends to invest $3.5 billion into its mobile-phone and set-top box units that will be spun off in the first quarter of fiscal 2011. The money will be used to manage and build the business and make acquisitions. The Motorola...
1Sep2010 | vitalstocks | 0 comments | Continued(POT) Potash Benefits as Demand to Soar in 2011
by Tony D’Altorio, Investment U Research Wednesday, September 1, 2010 One of the main ingredients in fertilizer, Potash helps plants resist disease, thereby improving crop yields. Now, some investors think it can revitalize their portfolios… They have some reason to, considering...
1Sep2010 | InvestmentU | 0 comments | Continued(IBM) International Business Machines Announces Acquisition of Storwize
Information Technology giant International Business Machines Corp. (IBM) announced the completion of its acquisition of Storwize, a privately held data storage company. The deal was announced in July. The financial details of the acquisition were not disclosed. Based in Marlborough,...
1Sep2010 | vitalstocks | 0 comments | Continued(S) Will Sprint-Nextel Let Rival T-Mobile Invest in Clearwire?
Sprint Nextel (S) is arguing whether to let its rival operator, T-Mobile USA, to invest in Clearwire Corp. (CLWR). Sprint is well aware that the investment will give lead to cutthroat competition and may even challenge its leading position in the deployment of 4G services. Sprint...
1Sep2010 | vitalstocks | 0 comments | ContinuedSep 1: ISM Manufacturing Index – Economic Highlights
The ISM Manufacturing Index increased to 56.3 in August, following a decrease to 55.5 in July from the 56.2 level in June. The index indicated growth for the 16th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the 13th consecutive...
1Sep2010 | vitalstocks | 0 comments | Continued(SPWRA) SunPower Selected by Several U.S. Government Agencies
SunPower Corporation (SPWRA) was selected by a number of U.S. government agencies to install solar projects. The government agencies include the Department of Energy’s National Renewable Energy Lab (NREL), the General Services Administration (GSA), the Navy and the Air...
1Sep2010 | vitalstocks | 0 comments | Continued(MT) Metals and Mining Review – September 2010 – Industry Outlook
Overview The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting...
1Sep2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Incorporated – Bull of the Day
AutoNation (AN) remains focused on improving its product mix and cost-cutting initiatives. The company’s profit increased 36% in the second quarter of 2010 and surpassed the Zacks Consensus Estimate by $0.02 per share. Cost reduction revolved around lower interest expense,...
1Sep2010 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club – Bear of the Day
BJ’s Wholesale Club (BJ) posted lower-than-expected second-quarter 2010 results. The quarterly earnings of $0.67 per share missed the Zacks Consensus Estimate of $0.73. The company hinted that the quarter has been challenging, as it faced intense competition from supermarket...
1Sep2010 | vitalstocks | 0 comments | Continued(GOOG) Google and Associated Press Make Content Agreement
Google Inc. (GOOG) and news provider, The Associated Press (“AP”) have announced an agreement that would allow Google to continue displaying complete AP news stories on Google sites. While officials from both companies were rather tight-lipped about the details of the transaction,...
1Sep2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Announces Dual Contract Wins
The National Aeronautics and Space Administration (NASA) has awarded a contract worth $120 million to a subsidiary of Raytheon Company (RTN). Per the contract, the subsidiary, Raytheon Technical Services Company, will support facilities and operations for astronaut training at...
1Sep2010 | vitalstocks | 0 comments | Continued