Archive for September, 2010
(WYN) Wyndham Worldwide Issues Senior Notes
Wyndham Worldwide Corporation (WYN) announced the pricing of $250 million unsecured senior notes. The senior notes bear an annual interest rate of 5.75% and will mature in eight years. The interest will be paid semi annually on February 1 and August 1 of each year, commencing...
20Sep2010 | vitalstocks | 0 comments | Continued(UNP) U.S. Railroads Under Congressional Review
In a recent report presented by the U.S. Senate Commerce Committee it is stated that the discretionary pricing power enjoyed by the Class I freight rail transport companies are putting excessive pressure on freight customers. The freight railroad operators are enjoying this pricing...
20Sep2010 | vitalstocks | 0 comments | Continued(MGM) MGM Resorts International Announces New Chief Operating Officer
MGM Resorts International (MGM), one of the world’s leading global hospitality companies, recently announced the promotion of Corey Sanders to chief operating officer (COO). Over a year ago, Mr. Sanders was promoted as the COO of the company’s core brand and regional...
19Sep2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Sells Remaining CareFusion Shares
Cardinal Health (CAH), a leading distributor of pharmaceuticals and medical supplies, recently sold off the remaining 30.5 million shares of CareFusion Corporation (CFN) for $705.9 million. CareFusion, a San Diego-based vendor for medical equipment and infection control supplies,...
19Sep2010 | vitalstocks | 0 comments | Continued(BBBY) Bed Bath & Beyond Earnings Preview
Bed Bath & Beyond Inc. (BBBY), operator of a chain of retail stores, is scheduled to release its second-quarter 2010 results on Wednesday, September 22. The Zacks Consensus Estimate is earnings of 63 cents a share for the second quarter of fiscal 2010. First Quarter Performance Bed...
19Sep2010 | vitalstocks | 0 comments | Continued(SWY) Safeway Incorporated – Bear of the Day
Unemployment and persisting deflation were primarily responsible for the sluggish revenue growth at Safeway (SWY) for the past two quarters. The situation worsened with the company forecasting 1.2% deflation by the year end compared to the previous expectation of 0.4% inflation. The...
19Sep2010 | vitalstocks | 0 comments | Continued(KR) The Kroger Company Announces Dividend Increase
After a hiatus of a day since its earnings release on September 14, 2010, The Kroger Company (KR), one of the largest grocery retailers in the U.S., hit the market with the news of dividend increase, reflecting its plan to utilize its free cash to enhance shareholders’ return,...
18Sep2010 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Announces Plans to Aquire Remaining Interest in Crucell NV
Johnson & Johnson (JNJ) recently announced its plans to buy out the rest of Dutch biopharmaceutical company Crucell NV (CRXL) for €1.75 billion or €24.75 per share cash. Johnson & Johnson had previously acquired a 17.9% stake in Crucell in September 2009 for €301.8...
18Sep2010 | vitalstocks | 0 comments | Continued(COL) Rockwell Collins – Strong Prospects for its Commercial Systems Business
Rockwell Collins Inc. (COL), a supplier of avionics and military equipment, expects strong prospects for its commercial systems business with signs of recovery in the cyclical commercial aerospace industry. In July 2010, passenger traffic worldwide grew 13.8% year over year in...
18Sep2010 | vitalstocks | 0 comments | Continued(C) Citigroup Reports Increased Credit Card Charge-offs – August 2010
Citigroup Inc. (C) has reported an increase in credit card charge-offs in August. Charge-offs ? balances that are uncollectible by the company and are subsequently written off ? have increased to 11.18% in August from 9.75% in July at Citi. However, Citi’s delinquency rate...
18Sep2010 | vitalstocks | 0 comments | Continued(BA) Boeing Increases Next-Generation 737 Production Again
In anticipation of higher demand, Boeing Company (BA) once again raised the production rate of its Next-Generation 737 airplanes. Boeing will increase the production rate to 38 airplanes per month in second quarter 2013, from the current rate of 35 airplanes per month. The next-generation...
18Sep2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Secures Part of $2.8B Social Security Administration Contract
The largest US defense contractor, Lockheed Martin Corporation (LMT) secured a part of Social Security Administration’s (SSA) seven-year $2.8 billion indefinite delivery, indefinite quantity (IDIQ) contract. Under the terms of the Information Technology Support Services Contract...
18Sep2010 | vitalstocks | 0 comments | Continued(ORCL) Oracle’s First Quarter Earnings Beat – Firm Guides Up
Oracle Corp.’s (ORCL) first quarter 2011 earnings and revenues easily outpaced the Zacks Consensus Estimates on the back of strong new software license (sales to new customers) sales and growth in hardware sales, boosted by the acquisition of Sun Microsystems in January this...
17Sep2010 | vitalstocks | 0 comments | Continued(BHP) Company News for September 17, 2010 – Corporate Summary
• Johnson & Johnson (NYSE:JNJ) is reportedly planning to buy its remaining stake in Dutch biopharmaceutical firm Crucell (NASDAQ:CRXL), in a deal valued at $2.29 billion • Goldman Sachs (NYSE:GS) upgraded CenturyLink (NYSE:CTL) to “buy” from “neutral” • Goldman...
17Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for September 17, 2010 – Market News
Bellwether FedEx’s weak quarterly forecast and its announcement that it would eliminate 1700 positions to save costs discouraged investors, as the two-week rally in stocks appeared to be losing steam. September has been a historically down month for stocks. FedEx, often seen...
17Sep2010 | vitalstocks | 0 comments | Continued(TEF) Telefonica Analyst Upgrades Shares to Outperform
We are upgrading our recommendation to Outperform from Underperform for Telefonica (TEF), the largest telecom carrier in Spain and Latin America. Currently, the stock has Zacks #2 (Buy) Rank. We believe the overhang on the stock has been removed following Telefonica’s acquisition...
17Sep2010 | vitalstocks | 0 comments | Continued(IT) International Business Machines Launches New Comprehensive Internet Software
A leading Information Technology (IT) solutions provider International Business Machines Corp. (IBM) announced a new software portfolio that enriches the overall Web experience. The software focuses on improving communication channels between organizations and their clients over...
17Sep2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Progresses On U.S. Navy Littoral Combat Ship Bid
Lockheed Martin Corporation (LMT) is progressing smoothly on the follow on Littoral Combat Ship (LCS) contract bid for the U.S. Navy. Littoral Combat Ship is a vessel operating in coastal waters carrying out tasks like maritime interdiction, anti-submarine warfare and special...
17Sep2010 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals’ Fidaxomicin Study Report Encourages Company
Recently, Optimer Pharmaceuticals, Inc. (OPTR) received a boost when its candidate fidaxomicin, which is being developed for treating adults suffering from clostridium difficile infection (CDI), fared well in late-stage multi-center, randomized, double-blind studies (n=1,164). Results...
17Sep2010 | vitalstocks | 0 comments | Continued(UNH) Health Care Review and Outlook – September 2010 – Industry Outlook
The health care industry is currently undergoing a period of tremendous uncertainty due to the implications of the recent Health Care Reform Act — named the PPACA — after it becomes fully effective. Why was the reform enacted? Health care costs, which have risen...
17Sep2010 | vitalstocks | 0 comments | Continued(SWY) Safeway Incorporated – Bear of the Day
Unemployment and persisting deflation were primarily responsible for the sluggish revenue growth at Safeway (SWY) for the past two quarters. The situation worsened with the company forecasting 1.2% deflation by the year end compared to the previous expectation of 0.4% inflation. The...
17Sep2010 | vitalstocks | 0 comments | Continued(ACGY) Acergy S.A. – ADR – Bull of the Day
Acergy’s (ACGY) second-quarter results, despite marginally missing estimates, reflected good project execution skills and solid activity levels. With a healthy backlog, significant cash balances and no near-term refinancing requirements, Acergy should weather the challenging...
17Sep2010 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Acquires Software Company OpenPages
International Business Machines Corp. (IBM) continued its acquisition spree, with the latest candidate being privately held software company OpenPages. Terms of the deal were not disclosed. Based in Waltham, Massachusetts, OpenPages develops risk and compliance management software....
17Sep2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Bullish Sentiment Jumps to 50.9% – 16 September 2010
Bullish sentiment, expectations that stock prices will rise over the next six months, rose 7.0 percentage points to 50.9% in the latest AAII Sentiment Survey. This is the highest level of optimism since August 13, 2009. The historical average is 39%. Neutral sentiment, expectations...
16Sep2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Company Signs Another U.S. Navy Contract
Defense contractor Raytheon Company (RTN) announced that it received a contract worth $55.4 million from the U.S. Navy for production of a test site for the Aegis missile-defense system. The current contract modifies an earlier contract to exercise an option for the production...
16Sep2010 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Rejects Sanofi-Aventis’ Aquisition Offer
Genzyme Corp. (GENZ) recently rejected Sanofi-Aventis’ (SNY) offer to acquire the company for $69 per share. Earlier in the day, Sanofi had announced its non-binding proposal to Genzyme with the all-cash transaction being valued at $18.5 billion. However, Genzyme’s board...
16Sep2010 | vitalstocks | 0 comments | Continued(MOT) Motorola Deploys Three MING Smartphones in China With Andriod Operating System
Motorola Inc. (MOT), recently launched three MING smartphones in China based on the Andriod operating system of Google Inc. (GOOG). Motorola developed its MING series of mobile handsets especially for China and starting from its launch in 2006; these mobile phones enjoyed an...
16Sep2010 | vitalstocks | 0 comments | Continued(ANGO) AngioDynamics Improves VenaCure Laser Vein Treatment
Therapeutic and diagnostic devices maker AngioDynamics Inc. (ANGO) has expanded its VenaCure EVLT laser vein treatment with the launch of a new access kit, which will reduce both procedure time and steps for physicians using VenaCure’s NeverTouch laser fiber to treat varicose...
16Sep2010 | vitalstocks | 0 comments | Continued(CA) CA Technologies to Acquire Arcot Systems
New York-based CA Technologies Inc. (CA) signed a definitive agreement to acquire privately held Arcot Systems Inc. for a total cash consideration of $200.0 million. CA Inc. expects the deal to close by the end of the second quarter of fiscal 2011 (ending September 30), and to...
16Sep2010 | vitalstocks | 0 comments | Continued(CYPB) Cypress Bioscience Signs Deal With Marina Biotech
Recently, Cypress Bioscience, Inc. (CYPB) announced that it has inked a deal with Marina Biotech, Inc. (MRNA). The deal, which allows Cypress to acquire Marina’s patent rights and technology for autism candidate, carbetocin, is expected to boost the central nervous system pipeline...
16Sep2010 | vitalstocks | 0 comments | Continued