Archive for September, 2010
(BP) Company News for September 9, 2010 – Corporate Summary
• Reports say 7-Eleven is planning a $40 per share bid for Casey’s General Stores (NASDAQ:CASY), valued at $2 billion • Fitch upgraded its rating on BP (NYSE:BP) three notches to A with a Stable outlook, noting the “end to the threat of further leaks from the...
9Sep2010 | vitalstocks | 0 comments | ContinuedSep 9, 2010: U.S. Crude Oil Inventories – Economic Highlights
Crude inventories decreased by 1.9 million barrels, for the week ending September 3, from the previous week to 359.9 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 14.9 million barrels per day...
9Sep2010 | vitalstocks | 0 comments | Continued(RPM) U.S. Aviation Travel Traffic Rises in August
August has been a busy month for airliners with traffic showing signs of increase. The economic downturn in 2009 and the oil price hike in 2008 had affected the airline industry during the past two years. Now, with the economic recovery, demand for air travel is increasing from...
9Sep2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey – 9 September 2010
Bullish sentiment of individual investors rose 13.1 percentage points to 43.9% in the latest AAII Sentiment Survey. This is the most bullish individual investors have been on the market outlook six months forward since bullish sentiment reached 48.5% on April 15, 2010. The historical...
9Sep2010 | vitalstocks | 0 comments | Continued(JASO) JA Solar Holdings Company Earns Supply Contracts
Leading pure-play solar cell company, JA Solar Holdings Company Ltd. (JASO) signed multiple supply agreements with several customers to provide over 500MW of mono-crystalline and multi-crystalline solar cells. Under the terms of the agreements, JA Solar will supply these customers...
9Sep2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Invests in CardioMEMS
Medical devices major St. Jude Medical (STJ) has inked an agreement to invest $60 million in privately-held cardiac devices maker CardioMEMS Inc, for a 19% stake in the entity. The deal also includes an exclusive option for St. Jude to fully acquire CardioMEMS for $375 million...
9Sep2010 | vitalstocks | 0 comments | Continued(HEW) Aon Sets Public Offering of Senior Notes for Hewitt Associates Purchase
To finance the acquisition of Hewitt Associates, Inc. (HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. Aon will sell...
8Sep2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National and Hartford Financial Services Group Warrants on Sale
As part of the bailout funds repayment by the insurers through the Troubled Asset Relief Program (TARP), the US Treasury Department plans to conduct auctions to dispose of its remaining warrants held in Lincoln National Corporation (LNC) and Hartford Financial Services Group...
8Sep2010 | vitalstocks | 0 comments | Continued(GG) Goldcorp Heading for Australian Gold Miner Andean Resources
Goldcorp Inc. (GG), the leading Canadian gold producer is acquiring the Australian gold miner Andean Resources Ltd for a total consideration of C$3.6 billion (US $3.4 billion) along with its key assets including Cerro Negro gold project in Argentina. Currently, the company has...
8Sep2010 | vitalstocks | 0 comments | Continued(UAUA) United and Continental Airlines Merger Gets U.S. Approval
The pending merger of United Airlines, a wholly owned subsidiary of UAL Corp. (UAUA), and Continental Airlines (CAL) cleared its one of the major deterrents in its transaction, which was announced on May 3. United Airlines received the antitrust approval by the U.S. Department...
8Sep2010 | vitalstocks | 0 comments | Continued(YHOO) Professor Says Treasury Bonds Today Are a Sucker Bet
by Alexander Green, Chief Investment Strategist Monday, August 30, 2010: Issue #1334 The investment advisory industry is full of gurus – and various charlatans – claiming that they made incredible stock market calls. But Wharton Professor Dr. Jeremy Siegel made perhaps the...
8Sep2010 | InvestmentU | 0 comments | Continued(C) How About The New Credit Card Rules: Good or Bad?
The final provisions of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act that came into effect last Sunday could have longer term repercussions. Though the new rules will protect credit card users from unreasonable late payment fees, interest rate hikes...
8Sep2010 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences Files Marketing Authorization Application for HIV Drug
Gilead Sciences Inc. (GILD) recently announced that it has submitted a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) seeking approval for its once daily, single tablet, fixed dose combination of Truvada and TMC278 (rilpivirine) as a HIV treatment...
8Sep2010 | vitalstocks | 0 comments | Continued(ITT) ITT Wins US Army Night Vision Goggle Contract
ITT Corporation (ITT) has received a contract to supply its AN/AVS-6(V) 3 aviator night vision goggle and spare image intensifier tubes to the US Army. The contract has been awarded by the U.S. Army Research, Development & Engineering Command. The order, valued at $19.9 million,...
8Sep2010 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Adds Dolby Laboratories Technology
A leading developer and publisher of video games, Electronic Arts (ERTS) studio –Black Box is adding Dolby Laboratories Inc.’s (DLB) Dolby Axon voice chat technology to its hugely popular multiplayer online (MMO) racing action game – Need for Speed World. Dolby Laboratories...
8Sep2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs & Co. Decides to End Their Proprietary Trading Unit
Goldman Sachs & Co. (GS) has decided to close down its principal strategies desk, a unit that is in proprietary trading, according to a report by Bloomberg News. The decision to spin off the proprietary trading businesses followed the regulatory reform bill that became law...
8Sep2010 | vitalstocks | 0 comments | Continued(TDC) Teradata Partners With Video Game Company Electronic Arts
A leading provider of Enterprise Data Warehousing (EDW) solutions, Teradata Corp. (TDC) announced a two year partnership with Electronic Arts Inc. (ERTS), a premier video game developer and publisher. Under the agreement, Electronic Arts will deploy Teradata’s complete Managed...
8Sep2010 | vitalstocks | 0 comments | Continued(ASR) Aeroportuario del Sureste, S.A.B. de C.V. Shows 8.9% Traffic Increase in Mexico
Aeroportuario del Sureste, S.A.B. de C.V. (ASR), a top Mexican airport operator, recorded a 8.9% increase in passenger traffic for August 2010 in comparison with the same period of fiscal 2009. Domestic traffic rose 2.5% while International traffic shot up by 15.1% year over...
8Sep2010 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion Moves on a Buying Spree
Research In Motion Ltd. (RIMM) moves ahead with its acquisition spree. Recently, the company has acquired assets of DataViz, the makers of the popular Documents To Go application. The acquisition news came shortly after DataViz’s announcement to cancel the development of Documents...
8Sep2010 | vitalstocks | 0 comments | Continued(APD) Company News for September 7, 2010 – Corporate Summary
• Air Products & Chemicals (NYSE:APD) raised its offer for Airgas (NYSE:ARG) to $65.50 from $63.50 per share, equalling $5.5 billion • Oracle (NASDAQ:ORCL) announced the appointment of former Hewlett-Packard (NYSE:HPQ) CEO Mark Hurd as co-President • Goldman Sachs...
8Sep2010 | vitalstocks | 0 comments | Continued(MTE) India to be Focus of Next Big Telecom Push
India, the second largest emerging market in the world, is likely to turnout as a “Treasure Island” for the global telecom equipment manufacturing giants. According to recent news in The Economic Times, the first phase of 3G networks deployment in India may provide a business...
8Sep2010 | vitalstocks | 1 comment | Continued(AXP) Stock Market News for September 8, 2010 – Market News
Investors sold off stocks Tuesday amid fresh concerns about Europe’s debt problems. Gold prices reached a new peak as investors shunned riskier bets and turned to safe-haven assets. Government bonds and the dollar also advanced. After last week’s solid advance, U.S. equities...
8Sep2010 | vitalstocks | 0 comments | Continued(BMY) Company News for September 8, 2010 – Corporate Summary
• Bristol-Meyers (NYSE:BMY) said it agreed to acquire ZymoGenetics (NASDAQ:ZGEN) for $9.75 per share, in a deal valued at 885 million • A Bloomberg report said Vodafone (NASDAQ:VOD) will sell its stake in China Mobile (NYSE:CHL) for $6.6 billion • Smithfield Foods (NYSE:SFD)...
8Sep2010 | vitalstocks | 0 comments | ContinuedStealth Stocks Weekly Update With Dennis Slothower – Tuesday, September 7, 2010
Summary of Recommendations Remain defensive as the market is subject to wild swings as fundamentals deteriorate but the Fed continues to prop up stock prices in roller coaster conditions. Market Commentary Stocks closed lower Tuesday following new worries about Europe’s...
7Sep2010 | vitalstocks | 0 comments | Continued(D) Dominion Resources Announces $250 Million Debt Issuance
Energy utility Dominion Resources Inc. (D) announced that it will sell $250 million in debentures. The debentures will mature on Sep 1, 2015, and will have an interest rate of 2.25%. Dominion Resources offered the debentures at 99.854% of face value and will yield 2.281% when...
7Sep2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Announces Swiss Telecom Deal Win
Leading large enterprise software company BMC Software Inc. (BMC) recently announced that the Swiss utility provider Wasserwerke Zug (“WWZ”) will deploy its Remedy Service Desk solutions. Wasserwerke Zug will integrate BMC Software’s solution into its telecom...
7Sep2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Federal Deposit Insurance Corporation’s Problem Bank List Grows – More Banks Go Bust
According to a government report released on Tuesday, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter. This is the highest...
7Sep2010 | vitalstocks | 0 comments | Continued(IT) Citrix Systems Penetrates Indian Market
Indian market is abuzz with the immense potential and scope of information technology (IT). The new cloud computing platform, a offering of IT with huge prospects, is gaining enormous popularity in India as it makes using software and application programs considerably easy and...
7Sep2010 | vitalstocks | 0 comments | Continued(USA) Strong Sell – Aegean Marine Petroleum Network – Golar LNG Limited
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List – Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks...
7Sep2010 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Announces it is Expanding 4G 2Go Networks
Based on the mammoth success of High-Speed 2go 4G offering introduced in May 2010, Comcast Corp. (CMCSA) has now launched 4G high-speed 2go wireless data service in the Boston area. High-Speed 2go is a mobile Internet solution that provides the fastest available wireless Internet...
7Sep2010 | vitalstocks | 0 comments | Continued