Archive for December, 2010
(BA) Boeing Announces Increases 777 Production Again
The Boeing Company (BA) decided to spur the production rate of its 777 airplanes again to cope up with the increasing demand for this variant. Boeing will increase the production rate to 8.3 airplanes per month in the first quarter of 2013. Citing a hike in demand, Boeing has...
22Dec2010 | vitalstocks | 0 comments | Continued(ADBE) Stock Market News for December 22, 2010 – Market News
The Dow Jones Industrial Average gained 0.48% to end at 11,533.16. The S&P 500 was up 0.60% to 1,254.60. The Nasdaq Composite Index rose 0.68% to 2,667.61. On the New York Stock Exchange, breadth of the market favored the advancing stocks in the ratio of 2:1 to the declining...
22Dec2010 | vitalstocks | 0 comments | ContinuedDec 22: GDP Rises 2.6% – Economic Highlights
GDP Final Q3 Estimates show GDP increased by 2.6%, lower than the expected 3.0% increase, following a 2.5% estimated increase in the preliminary Q3 estimate (today’s release is based on a more complete set of data), after increasing by 3.7% in the first quarter and 1.7%...
22Dec2010 | vitalstocks | 0 comments | Continued(CTAS) Company News for December 22, 2010 – Corporate Summary
• Walgreen (NYSE:WAG) reported better-than-expected fiscal first quarter earnings of $0.62, ahead of the Zacks Consensus Estimate of $0.54, on revenues of $17.34 billion, that topped the Zacks Consensus Estimate of $17.29 billion • Navistar International (NYSE:NAV) reported...
22Dec2010 | vitalstocks | 0 comments | Continued(BA) Boeing Earns $1 Billion Satellite Contract
The Mexican government has awarded a contract worth $1 billion to The Boeing Company (BA) to provide a satellite system for national security and civil telecommunications. MEXSAT, end-to-end satellite communications system, is the fourth generation of satellites. MEXSAT will...
22Dec2010 | vitalstocks | 0 comments | ContinuedDec 22: U.S. Existing Home Sales – Economic Highlights
Existing Home Sales increased to a 4.68 million annual pace, up 5.6%, lower than the expected increase to 4.73 million, for November from the 4.43 million pace in October. Sales are down by 27.9% from the 6.49 million-unit level in November 2009. The national median existing-home...
22Dec2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Wireless Announces Six 4G Handsets in January 2011
Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group (VOD), will sell Motorola Inc.’s (MOT) smartphones in 2011 supported by its fourth generation (4G) network. In October, the company stated its intention to introduce six 4G devices...
22Dec2010 | vitalstocks | 0 comments | Continued(SHW) U.S. Used Home Sales Rise in October
In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million was inflated as everyone was rushing to get the deals done before they thought...
22Dec2010 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Suffers Pipeline Setback for Motavizumab
AstraZeneca (AZN) suffered another pipeline setback recently with the company announcing that it no longer intends to develop motavizumab for the prophylaxis of serious respiratory syncytial virus (RSV) disease. The company has requested the US Food and Drug Administration (FDA)...
22Dec2010 | vitalstocks | 0 comments | Continued(LEAP) Leap Wireless International Offers Unlimited Music Download
Leap Wireless International Inc. (LEAP), a small-sized prepaid wireless services provider in the U.S. operating under the brand name “Cricket,” has decided to offer unlimited music download facilities to its 3G subscribers. The new digital music service will be called “Muve...
21Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for December 21, 2010 – Corporate Summary
• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy...
21Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for December 21, 2010 – Corporate Summary
• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy...
21Dec2010 | vitalstocks | 0 comments | Continued(MSFT) Semiconductor Industry Outlook
The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. The PCs we work on, the cars we drive,...
21Dec2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer and Protalix BioTherapeutics Seek EU Approval
Pfizer (PFE) and its partner Protalix BioTherapeutics Inc. (PLX) recently announced that they have submitted the Marketing Authorization Application (MAA) for their Gaucher disease candidate in the EU. The companies are seeking marketing approval for Uplyso (taliglucerase alfa)...
21Dec2010 | vitalstocks | 0 comments | Continued(WMT) Wal-Mart Stores Announces 51% Buy of Massmart
Wal-Mart Stores Inc (WMT) today announced its intention to acquire a 51% stake in the South African based consumer goods distributor Massmart Holdings Ltd. Wal-Mart has offered Massmart $2.4 billion (17 billion rand) or 148 rand per Massmart share, reflecting a 19.2% premium...
21Dec2010 | vitalstocks | 0 comments | Continued(TDC) Teradata Earns New Data Warehousing Customer
A leading provider of Enterprise Data Warehousing (EDW) solutions, Teradata Corporation (TDC) and SAS, the premier provider of business analytics software and services announced that INPS (Italy’s social security agency) has selected a combined Teradata and SAS enterprise...
21Dec2010 | vitalstocks | 0 comments | Continued(HBAN) Huntington Bancshares Approach TARP Repayment
Huntington Bancshares Inc. (HBAN) is inching closer to the repayment of the bailout money it received under the U.S. Government’s Troubled Asset Relief Program (TARP). Last Friday, the company concluded its equity and debt offerings with the intent of paying back the TARP loan...
21Dec2010 | vitalstocks | 0 comments | Continued(NOVL) Novell to be Acquired by Attachmate
Acquisition Details Enterprise software developer, Novell Inc. (NOVL) announced that it will be acquired by Attachmate Corporation, a software company supported by private equity firms such as Golden Gate Capital, Francisco Partners and Thoma Bravo. Novell expects the deal to...
20Dec2010 | vitalstocks | 0 comments | Continued(DRYS) DryShips Incorporated – No Rebound in Shipping Stocks
Is it finally time to buy the dry bulk shippers? DryShips Inc. (DRYS) has surprised on estimates 3 out of the last 4 quarters but investors don’t seem to care as shares have been mired in a narrow trading range. Yet DryShips is cheap. It is trading at just 4.9x forward...
20Dec2010 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals Analyst Maintains Neutral
We recently reiterated our Neutral recommendation on Amylin Pharmaceuticals, Inc. (AMLN). Amylin reported a net loss of $0.31 per share in the third quarter of 2010, three cents below the Zacks Consensus Estimate but well above the year ago loss of $0.19. Lower revenues resulted...
20Dec2010 | vitalstocks | 0 comments | Continued(SKS) Holiday Season Retail Winners and Losers
by Marc Lichtenfeld, Investment U’s Senior Analyst Wednesday, November 24, 2010: Issue #1395 Forget the breathless buildup to Black Friday – the much-ballyhooed Thanksgiving sales event. In an effort to pre-empt the frantic holiday shopping season, America’s retailers...
20Dec2010 | InvestmentU | 0 comments | Continued(PXP) Plains Exploration & Production Company Analyst Maintains Neutral on Shares
We recently reiterated our ‘Neutral’ recommendation on Plains Exploration & Production Company (PXP). Texas-based Plains Exploration & Production Co. is an independent oil and gas company primarily engaged in acquiring, developing, exploring and producing...
20Dec2010 | vitalstocks | 0 comments | Continued(CPKI) California Pizza Kitchen Expands
Los Angeles-based California Pizza Kitchen Inc. (CPKI), which currently owns and operates 207 restaurants and franchises 56 restaurants, is on track to open three company-owned full service restaurants in the fourth quarter of fiscal 2010 in the U.S. In addition, California Pizza...
20Dec2010 | vitalstocks | 0 comments | Continued(GE) General Electric Earns Saudi Gas-Oil Procesing Contract
Saudi Aramco has chosen General Electric Co. (GE) as the supplier of a collection of extensive equipments and services for expansion of the Shaybah gas-oil processing facilities. The contract is valued at about $500 million. The upgradation of the Shaybah facility will develop...
20Dec2010 | vitalstocks | 0 comments | Continued(KR) Consumer Price Index Report – Inflation Still Tame
The Consumer Price Index (CPI) rose by just 0.1% in November, down from 0.2% October. Even with the 0.1% increase in September, year over year it is up just 1.1%. Energy prices, were surprisingly well behaved in the month, rising just 0.2% after having surged 2.6% in October...
20Dec2010 | vitalstocks | 0 comments | Continued(ANF) Retail Industry Outlook – December 2010 – Industry Outlook
With the economic backdrop steadily improving, albeit at a very slow pace, the outlook for the holiday shopping season has brightened. According to NRF’s 2010 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch, U.S. consumers plan to spend an average of...
20Dec2010 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil Stocks Plunge
The U.S. Energy Department’s weekly inventory release showed a large drop in crude stockpiles – the biggest weekly decline in eight years – while gasoline supplies posted a smaller-than-expected build. The agency’s report further added that distillate stocks climbed...
20Dec2010 | vitalstocks | 0 comments | Continued(FDX) FedEx Second Quarter 2011 Quarter Disappoints – Results Hurt by Charges
FedEx Corporation (FDX) reported second quarter of fiscal 2011 financial results that fell below the Zacks Consensus Estimates. Quarterly adjusted EPS of $1.16 was below the Zacks Consensus Estimates of $1.31. Management cited higher fuel costs and the reinstatement of employee...
20Dec2010 | vitalstocks | 0 comments | Continued(DHI) U.S. Housing Starts Up, Permits Down
Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down...
20Dec2010 | vitalstocks | 0 comments | Continued(CBRL) Cracker Barrel Old Country Store Appoints New CFO
Lebanon, Tenn-based Cracker Barrel Old Country Store Inc. (CBRL) has finally found a replacement for its previous chief financial officer (CFO) Sandra B. Cochran. The company recently announced the appointment of former O’Charley’s Inc.’s (CHUX) CFO and treasurer...
20Dec2010 | vitalstocks | 0 comments | Continued