Archive for October, 2010
(SNY) Sanofi-Aventis Makes Hostile Bid for Genzyme
French pharma giant Sanofi-Aventis (SNY) recently went hostile with its bid to acquire biotech company Genzyme Corporation (GENZ). Sanofi has launched a tender offer for all outstanding shares of Genzyme – the offer is scheduled to expire on Dec 10. Sanofi’s offer price stands...
11Oct2010 | vitalstocks | 0 comments | Continued(IT) BMC Acquires Neptuny IT Software Unit
Milan-based Neptuny Software is the leading provider of Information Technology (IT) Performance Optimization, as well as Capacity and Virtualization Planning solutions. Neptuny’s Caplan solution, which is basically a Capacity Planning solution for large data centers and networks,...
11Oct2010 | vitalstocks | 0 comments | Continued(ARAY) Accuray’s CyberKnife Reaches 100,000 Patients Treated
Leading radiosurgery systems maker Accuray Incorporated (ARAY) has achieved an important milestone as patients treated with its CyberKnife robotic radiosurgery system have reportedly reached the 100,000 mark. CyberKnife is a non-invasive alternative to traditional surgery and...
11Oct2010 | vitalstocks | 0 comments | Continued(CLWR) LightSquared Selects Long-term Evolution System Vendors
LightSquared, which has decided to install a nationwide hybrid wireless/satellite network in the U.S. to offer next-generation (4G) Long-term Evolution (LTE) service, has declared the name of its various vendors. LightSquared is a new telecom venture launched by the hedge fund...
11Oct2010 | vitalstocks | 0 comments | Continued(ELP) COPEL – ADR- Bear of the Day
Based on higher productivity and lower cost of capital, ANEEL (Brazilian National Agency for Electric Utilities) proposed a tariff adjustment for Companhia Paranaense de Energia, or COPEL (ELP) of 9.74% on average, effective June 2010. This rule is essentially designed to regulate...
11Oct2010 | vitalstocks | 0 comments | Continued(MDCO) The Medicines Company – Bull of the Day
The Medicines Co. (MDCO) reported second-quarter EPS of $0.29, well above the Zacks Consensus Estimate and the year-ago EPS. Performance was boosted by higher revenues and lower operating expenses. Revenues increased 5.7%. The company received a major boost in August regarding...
11Oct2010 | vitalstocks | 0 comments | Continued(APC) U.S. Energy Information Administration Reports Natural Gas Stocks Building Rapidly
The federal government’s Energy Information Administration (“EIA”) reported a higher-than-expected increase in natural gas supplies, attributable to moderate weather conditions across the country that led to a decline in electric power consumption. Stockpiles held in underground...
11Oct2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Spends $24 Million to End Mortgage Practices Probe
The time is out of joint for Wells Fargo & Co. (WFC). The company has agreed to pay up $24 million to settle a probe by eight states about a mortgage marketing practice of its acquired company, Wachovia. The states alleged a lack of transparency in the loan payment options...
8Oct2010 | vitalstocks | 0 comments | Continued(DVA) DaVita Prices $775 Million in Senior Notes
Moving ahead with its debt restructuring activity, on Tuesday, DaVita Inc. (DVA) announced the pricing of $775 million principal amount of 6?% senior notes due 2018 and $775 million principal amount of 6?% senior notes due 2020 totaling $1.55 billion. The net proceeds from the...
8Oct2010 | vitalstocks | 0 comments | Continued(AA) Stock Market News for October 8, 2010 – Market News
As a new earnings season gets underway, fresh worries about the economy are resurfacing, keeping traders on toes and, as a result, stocks are edging lower. Although broader economic worries are in place, the lingering weakness in jobs market remains a sore throat and Wednesday’s...
8Oct2010 | vitalstocks | 0 comments | Continued(AMZN) Company News for October 8, 2010 – Corporate Summary
• Micron Technology (NYSE:MU) posted disappointing fiscal fourth quarter earnings of 32 cents a share, a 6-penny miss, even as revenues surged 91.5% to $2.5 billion, below estimates of $2.7 billion • Goldman Sachs (NYSE:GS) removed PepsiCo (NYSE:PEP) from its Conviction...
8Oct2010 | vitalstocks | 0 comments | ContinuedU.S. Non-Farm Payroll Numbers for September 2010 Match Expectations
This morning, the long-expected nonfarm payroll numbers from the Bureau of Labor Statistics were released, and the headline numbers were mixed, albeit more or less in line with expectations. We lost 95,000 jobs in the month of September, but the unemployment rate remained unchanged...
8Oct2010 | vitalstocks | 0 comments | Continued(AMSC) American Superconductor – Bull of the Day
American Superconductor Corporation (AMSC) is a technology company with products based on clean energy and power distribution. The two primary markets it serves are the rapidly growing areas of wind energy and smart grid infrastructure technology. A strong backlog of $952 million,...
7Oct2010 | vitalstocks | 0 comments | Continued(AA) Alcoa Third Quarter 2010 Earnings Preview
Alcoa Inc. (AA), the U.S. aluminum giant, is scheduled to report its third-quarter 2010 results after the markets close today. For the quarter, analysts are looking for net earnings of 6 cents per share versus last year’s 4 cents. The full year 2010 estimate is pegged at 45...
7Oct2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Announces They Will Cut 33% of Lincoln Dealers
Ford Motor Co. (F) has announced to eliminate a third of its 1,200 Lincoln dealers in the U.S. Out of 500 Lincoln dealerships in the nation’s metropolitan markets, 175 dealerships have been rumored to be eliminated. The automaker’s remaining 700 dealerships are located in...
7Oct2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Decides to Not Halt Foreclosures
Wells Fargo & Co. (WFC) has opted not to put a stop to its foreclosure activities. The company has expressed confidence in its foreclosure filings, based on the affidavit procedures and the auditing of its process that it conducts on a daily basis. This decision of Wells...
7Oct2010 | vitalstocks | 0 comments | Continued(JPM) Market Says to Have A Strategy For Selling – AAII Investor Update October 7, 2010
Liquidity may not be the first characteristic you think about when evaluating a potential investment, but it is something to factor in to your decision. A large amount of liquidity can make prices more efficient and facilitates easier trading (buy and sell orders are filled relatively...
7Oct2010 | Shawn | 0 comments | Continued(CBG) CB Richard Ellis Announces Offer of $350 Million in Senior Notes
CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate services firm (on the basis of 2009 revenues), has recently announced an offer to sell 6.63% senior notes due 2020 worth $350 million. BofA Merrill Lynch, the investment banking and wealth management...
7Oct2010 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Analyst Cuts Shares to Underperform
We are downgrading Cell Therapeutics, Inc. (CTIC) to Underperform from Neutral with a price target of $0.25 primarily due to the uncertainty surrounding the US approval of its lead candidate, pixantrone. Pixantrone (proposed trade name: Pixuvri), is currently under development...
7Oct2010 | vitalstocks | 0 comments | Continued(NVTL) Novatel Wireless Unveils 4G Product Portfolio
Recently, Novatel Wireless Inc. (NVTL) has launched an innovative product portfolio for customer broadband access capable of supporting next-generation (4G) super-fast wireless broadband networks of WiMAX and LTE. The portfolio includes LTE embedded modules, USB devices and WiMAX-capable...
7Oct2010 | vitalstocks | 0 comments | Continued(BHP) The Battle for a Mongolian Copper Mine
by Tony D’Altorio, Investment U Research Thursday, October 7, 2010 If you’ve already heard of BHP Billiton ADR (NYSE: BHP)’s attempt to take over Canadian fertilizer giant Potash (NYSE: POT), then put it out of your mind for a minute. If you haven’t, then you might...
7Oct2010 | InvestmentU | 0 comments | Continued(AVB) Real Estate Investment Trust Industry Outlook – October 2010 – Industry Outlook
The U.S. Real Estate Investment Trust (REIT) industry gained its momentum back in the fiscal 2010 third quarter, after lackluster results in the second quarter that was preceded by two strong back-to-back performances in first quarter 2010 and fourth quarter 2009. The FTSE NAREIT...
7Oct2010 | vitalstocks | 0 comments | Continued(EMC) EMC Launches Backup Acceleration Product
A leading provider of data storage systems EMC Corporation (EMC) unveiled new integrated backup products to enable customers accelerate backup design process. EMC launched new EMC NetWorker backup software integrated with EMC Data Domain Boost software. The integration is expected...
7Oct2010 | vitalstocks | 0 comments | Continued(CMS) 21 S&P 500 Companies Are Up More Than 40% Year To Date
If it seems like every stock you own or watch is breaking out to new highs, you’re almost right. As the September rally has continued into October, it has pushed 37.4% of the stocks on the S&P 500 to either new 52-week highs or within a fraction of that high. While...
7Oct2010 | vitalstocks | 0 comments | Continued(PAC) Grupo Aeroportuario del Pacífico S.A.B. de C.V. Records High Mexican Traffic
Grupo Aeroportuario del Pacífico S.A.B. de C.V. (PAC), a top Mexican airport operator, recorded a 6.2% increase in passenger traffic for September 2010 in comparison with the same period of fiscal 2009. Domestic traffic rose 7.6% while International traffic shot up by 2.5% year...
7Oct2010 | vitalstocks | 0 comments | Continued(BWLD) Buffalo Wild Wings Continues on Expansion Trackbfor 1,000 Restaurants
Buffalo Wild Wings Inc. (BWLD) has opened its 700th restaurant in the United States and thus remains on track to attain its target of opening 1,000 restaurants in the United States by 2013. The new restaurant is opened in Tempe, Arizona, which is the seventeenth restaurant in...
7Oct2010 | vitalstocks | 0 comments | Continued(A) Company News for October 7, 2010 – Corporate Summary
• PepsiCo (NYSE:PEP) reported third-quarter earnings of $1.22, in-line with expectations, on a 40% revenue jump to $15.5 billion, above projections of $15.4 billion. The firm also lowered 2010 guidance to 10-11% growth • Marriott (NYSE:MAR) noted third quarter earnings...
7Oct2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Announces Focus on Direct Lending
Bank of America Corporation (BAC) announced this week that it plans to concentrate on direct lending to its customers and will stop using first mortgage wholesale channel (independent brokers) to offer loans. BofA’s move stems from its struggle with a large number of lawsuits,...
7Oct2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Eyes Royal Bank of Scotland’s Property Loans
Goldman Sachs Group Inc. (GS) is considering a bid to buy Royal Bank of Scotland plc.’s (RBS) GBP3 billion ($4.8 billion) property loans portfolio, according to the Sunday Times. Besides Goldman, Lone Star Funds and Blackstone Group LP (BX) are also said to be in the race for...
7Oct2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Earns $111.4 Million F-22 Contract
The U.S. Air Force has awarded Lockheed Martin Corporation (LMT), the largest U.S. defense contractor, an extension contract worth $111.4 million for its F-22 Raptor fleet. This extension brings the total value of the contract to $709 million. This $111.4 million contract follows...
7Oct2010 | vitalstocks | 0 comments | Continued