Archive for September, 2010
(JAS) Jo-Ann Stores Incorporated – Swung to a Profit in the Second Quarter
Jo-Ann Stores, Inc. (JAS) recently raised fiscal 2011 earnings per share guidance for the second time this year after better than expected second quarter results. Jo-Ann Stores has seen strong sales growth as consumers have tended to stay home and have engaged in projects around...
7Sep2010 | vitalstocks | 0 comments | Continued(JPM) Obama Administration to Push Infrastructure Funding Package?
In an effort to rev up the sluggish economic recovery, President Obama has proposed $50 billion in spending to improve the nation’s roads, airports and railways. The President’s speech at a Labor Day event yesterday in Milwaukee, Wisconsin called it a long-term investment...
7Sep2010 | 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...
7Sep2010 | vitalstocks | 0 comments | Continued(TBT) Stocks Still Look Attractive – Paying Dividends
Last week the stock market had a good week, and the bond market corrected a bit. Still, relative to the yield on the 10-year t-note of 2.71% on Friday, stocks look extremely attractive. The S&P 500 is trading for just 13.4x consensus expectations for 2010, and 11.6x 2011...
7Sep2010 | vitalstocks | 0 comments | Continued(T) 3G Femtocell Technology Market Gathers Steam
Femtocell is quickly emerging as a fundamental technology enabler in the deployment of high-speed 3G as well as emerging next-generation (4G) wireless network infrastructure. A femtocell is a small cellular base station, typically designed for use in a residential or small business...
7Sep2010 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Incorporated – Surprised on Earnings 6 Quarters in a Row
Caterpillar Inc. (CAT) is still a hot stock as growth in the emerging markets remains strong. Caterpillar manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. It is usually among the first to see a recovery...
7Sep2010 | vitalstocks | 0 comments | Continued(PDLI) PDL BioPharma Announces Third-Quarter Outlook
PDL BioPharma Inc. (PDLI) recently announced that it expects to generate third-quarter 2010 (ending September 30) revenue of $86.0 million, representing an increase of 20% over the year-ago revenue of $71.4 million. The increase is primarily attributable to higher sales of Avastin,...
7Sep2010 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for September 2, 2010 – Market News
U.S. stocks started September on a high note as better-than-expected manufacturing data bolstered hopes that the economy is gaining strength, albeit slowly. All major stock indexes notched up gains of at least 2.5%, retracing some of the losses from August’s hammering. September...
7Sep2010 | vitalstocks | 0 comments | Continued(C) Company News for September 2, 2010 – Corporate Summary
• Canadian Solar (NASDAQ:CSIQ) reported worse-than-expected second-quarter earnings of 7 cents a share, below estimates of 15 cents, on better-than-estimated revenues of $328.7 million, versus estimates of $306 million • VimpelCom (NYSE:VIP) posted worse-than-anticipated...
7Sep2010 | vitalstocks | 0 comments | Continued(BKC) Burger King Holdings to be Bought by 3G Capital
Burger King Holdings Inc. (BKC), the world’s second-largest hamburger chain after McDonald’s Corp. (MCD), announced that it is being acquired by a private investment firm 3G Capital for $24 per share, or $4.0 billion Incorporatedluding the debt of the company. The offer...
6Sep2010 | vitalstocks | 0 comments | Continued(CML) Company News for September 3, 2010 – Corporate Summary
• H&R Block (NYSE:HRB) posted nickel higher than expected fiscal first quarter results, with a loss of 36 cents on revenues of $275 million, off 0.4% from a year ago but up from estimates of $265 million • Dell (NASDAQ:DELL) quit the eighteen-day bidding war with Hewlett-Packard...
6Sep2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer Signs to Buy FoldRx Pharmaceuticals
Recently, pharmaceutical giant Pfizer Inc. (PFE) inked a deal to buy FoldRx Pharmaceuticals Inc. for an undisclosed amount. Through this acquisition, Pfizer aims to expand its pipeline of drugs for orphan and rare diseases. The deal will see Pfizer pay an upfront fee and future...
6Sep2010 | vitalstocks | 0 comments | Continued(DELL) Dell to Secure Services With Small and Medium Businesses
Round Rock Texas-based PC maker Dell Inc. (DELL) is reportedly expanding its reach in Web security. Recently, Dell tied up with leading Internet Content Security vendor, Trend Micro Inc., to enrich its security-solutions portfolio. Tokyo-based Trend Micro provides its customers...
6Sep2010 | vitalstocks | 0 comments | Continued(BA) Stock Market News for September 3, 2010 – Market News
Stocks added to the gains from the previous session after better-than-expected retail and housing numbers helped boost confidence in the economy. However, caution ahead of today’s monthly payroll data restrained traders from making big moves. As traders chose to play it safe,...
6Sep2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Communication Increases Dividend – Some Concerns Remain
Verizon Communications (VZ), the second largest U.S. phone company, raised its quarterly dividend by 2.6% to 48.75 cents per share. However, this is the smallest increase in four years due to slowing sales growth. The dividend equates to $1.95 per share on an annualized basis,...
6Sep2010 | vitalstocks | 0 comments | Continued(ANF) Sales at U.S. Retailers Gain in August 2010
The nation’s retailers have reported unexpectedly strong August sales numbers as back-to-school requirements kept shoppers from restraining their spending plans. Retailers posted strong results on the heels of solid traffic and sales, albeit backed by heavy promotion and...
6Sep2010 | vitalstocks | 0 comments | Continued(IT) Worldwide Near-Term Personal Computer Growth Expectations Lowered
Gartner’s View Research firm Gartner Inc. (IT) lowered its worldwide personal computer (PC) growth expectations to 15.3% year over year in the second half of 2010, down 2 percentage points from its previous outlook. Lower consumer demand for PCs in established or mature markets...
6Sep2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Reaches Agreement with Walt Disney
Time Warner Cable Inc (TWC) entered into a new expanded programming deal with Walt Disney Co (DIS) to provide programs from ABC Family, Disney Channel, Disney XD, ESPN, ESPN2, ESPNEWS, ESPNU, ESPN Classic, ESPN Deportes and SOAPnet, as well as a handful of Disney-owned ABC affiliates...
6Sep2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Inaugurates Infrared Countermeasures Sustainment Center
Northrop Grumman Corporation (NOC) announced the inauguration of its new infrared countermeasures (IRCM) sustainment center in Warner Robins, Ga. The facility will help the company’s customers to lower their costs and provide high-quality IRCM services. The center will primarily...
6Sep2010 | vitalstocks | 0 comments | Continued(SNPS) Synopsys Wraps Up Virage Logic Deal
Electronic design automation (EDA) software company Synopsys Inc. (SNPS) recently completed the acquisition of Virage Logic Corp. (VIRL) for $12 per share. The total consideration of the deal came in at approximately $315.0 million. Virage Logic’s business is expected to integrate...
6Sep2010 | vitalstocks | 0 comments | Continued(MCD) U.S. August 2010 August Employment Report (Part 2)
4 Different Lengths of Unemployment The census bureau tracks four different groups by length of unemployment. The short-term unemployed are those that have been out of work for less than five weeks (blue line). Almost always this is the largest group of the unemployed. The...
5Sep2010 | vitalstocks | 0 comments | Continued(HON) Honeywell International Wins Biomass to Fuel Conversion Contract
A group company of Honeywell International Inc. (HON), UOP LLC, has been selected to provide its process technology for the conversion of biomass to transportation fuels in Rentech Inc.’s Rialto Renewable Energy Center. UOP LLC is a worldwide leading provider of process...
5Sep2010 | vitalstocks | 0 comments | Continued(PLX) Protalix Biotherarapeutics – Added to Barchart Van Meerten Speculative Portfolio
Protalix Biotherapeutics (PLX) was added to the Barchart Van Meerten Speculative portfolio this morning. They are engaged in the provision of practice management services to the Affiliated Practices pursuant to long-term Administrative Services Agreements with separately organized...
4Sep2010 | Shawn | 0 comments | Continued(BA) Boeing Has Big Dreams for Their Commercial Aircrat Business
Boeing Company (BA), with a steady recovery in the U.S. and Canadian economies, dreams big for its commercial airlines business. The bullishness was reflected in Boeing’s 2010 North America (U.S. and Canada) market outlook forecast on September 2, 2010. Boeing forecasts...
4Sep2010 | vitalstocks | 0 comments | Continued(C) Ahead of Wall Street
Easing worries about Goldman and strong profit numbers from Citigroup helped lift financial shares and the broader market even as speculation about possible changes to financial-industry regulations hovered over Wall Street. Stocks seesawed through afternoon as traders came to...
4Sep2010 | vitalstocks | 0 comments | Continued(DELL) Hewlett-Packard Wins 3PAR Bid After Dell Concedes
After a long, drawn-out bidding battle with rival Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) has managed to secure the 3PAR Inc. (PAR) acquisition. Bidding wars are rare in the technology sector. In the last notable bidding war in the tech industry, EMC Corp. (EMC) outbid NetApp...
3Sep2010 | vitalstocks | 0 comments | Continued(ANF) U.S. August 2010 Employment Report In-Depth Analysis
It looks like Labor might actually have something to celebrate this Labor Day. OK, the celebration will not be with champagne — more like with Budweiser — but they still got something to cheer about in today’s employment report. While the unemployment rate did tick...
3Sep2010 | vitalstocks | 0 comments | Continued(GG) Goldcorp Heading for 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...
3Sep2010 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone Pursues Global Ambitions
Nippon Telegraph & Telephone Corp. (NTT), the largest integrated telecom operator in Japan, has taken a major strategic move to boost its cloud computing and integrated communications services businesses throughout the world. NTT’s strategy is to maintain its leadership...
3Sep2010 | vitalstocks | 0 comments | Continued(WAG) Walgreens Announces Plan to Acquire Graymark Healthcare’s Pharmacies
Walgreen (WAG), one of the largest retail pharmacies in the US, entered into an agreement with Graymark Healthcare (GRMH) to acquire the latter’s retail pharmacy business, 18 ApothecaryRx pharmacies of 5 states – Colorado, Oklahoma, Minnesota, Missouri and Illinois. The transaction...
3Sep2010 | vitalstocks | 0 comments | Continued