Archive for March, 2011
(ORCL) Oracle Reports Strong Third Quarter 2011 Earnings
Oracle Corp. (ORCL) reported strong third quarter results, which beat the Zacks Consensus Estimate based on strong top-line growth. The robust results were driven by approximately 29.0% year over year growth in new software license revenue. Shares were up $1.30 (4.04%) to $33.44...
28Mar2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Expands in Taiwan
International Business Machines Corp.(IBM) commenced a new Power Systems development laboratory in Taiwan. This new facility will be IBM’s first research center outside the US. The new facility will enhance IBM’s presence in Taiwan by lending the company’s expertise including...
28Mar2011 | vitalstocks | 0 comments | Continued(FDX) FedEx Corporation Third Quarter 2011 Earnings Scorecard
FedEx Corporation (FDX), the world’s second-largest package delivery company, reported third quarter 2011 results on March 17. Adjusted earnings of 81 cents per share slipped by a penny but was a nickel above the year-ago earnings. Though slightly below the Zacks Consensus...
28Mar2011 | vitalstocks | 0 comments | Continued(PCE) February 2011 U.S. Personal Income and Spending Rose
In February, Personal Income rose 0.3%, down from the 1.2% rise in January and a 0.5% increase in November. The increase was in line with the consensus expectation. Both January and December were revised higher. Previously the increase in December was thought to be 0.4% and for...
28Mar2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Wireless to Extend 4G Coverage
Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group plc (VOD), plans to extend its Long-Term Evolution (LTE) based 4G networks in Dayton and Springfield by the end of this year. The company started deploying its high-speed LTE network...
28Mar2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Idles Belgian Plant Due to Japan Parts Shortage
Ford Motor Co. (F) revealed that it will idle its plant in Genk, Belgium, for 5 days starting April 4 in order to avoid shortage of parts supplied by Japanese manufacturers. The automaker had initially planned to idle the plant from May due to some other reason. However, the...
28Mar2011 | vitalstocks | 0 comments | Continued(DELL) Dell Adds Speed to Crime Detection
Dell Inc. (DELL) recently announced that its latest innovation will make work easier for law enforcing agencies and forensics experts. Its Mobile Digital Forensic solution, which is based on its flagship Digital Forensics solution, will facilitate easy access and collection of...
28Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for March 28, 2011 – Market News
Investors chose to ride on the positives at home yet again and shrugged off the prolonged global worries as indices rose for the third straight day. Technology stocks drove the markets higher as Oracle posted upbeat results and reports of better-than-expected growth of US economy...
28Mar2011 | vitalstocks | 0 comments | Continued(ACC) Company News for March 28,2011 – Corporate Summary
• Deutsche Bank downgraded Research in Motion (NASDAQ:RIMM) to Sell from Hold rating after the company posted its fourth quarter results. The price target was also lowered from $60 to $50 • Citigroup upgraded Altera (NASDAQ:ALTR) to Buy from Hold • RW Baird upgraded...
28Mar2011 | vitalstocks | 0 comments | Continued(BBY) Company News for March 25,2011 – Corporate Summary
• Beat Buy (NYSE:BBY) reported Q4 EPS today of $1.98, beating the Zacks Consensus Estimate of $1.84 per share. Revenue for the quarter was down 1.8% year-over-year to $16.3 billion higher than the Zacks Consensus Estimate of $16.298 billion • Walgreen Co. (NYSE:WAG) reported...
28Mar2011 | vitalstocks | 0 comments | Continued(ADSK) Stock Market News for March 25, 2011 – Market News
Expectations of strong corporate results and encouraging domestic data helped the benchmarks move modestly higher on Thursday. Investors zoomed in on the events at home and shrugged off global concerns that had previously caused much damage to the indices. Technology and retailers...
28Mar2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Earns Mortar Ammunition Deal
A business unit of General Dynamics Corporation (GD), General Dynamics Ordnance and Tactical Systems, received an indefinite delivery, indefinite quantity contract worth $198.7 million. It will supply 120mm mortar ammunition to the U.S. Marine Corps Systems Command that will...
27Mar2011 | vitalstocks | 0 comments | Continued(JNJ) Johnson and Johnson Gets US Food and Drug Administration Warning on Topamax
The US Food and Drug Administration (FDA) recently issued a warning to pregnant women or women of child-bearing age who were being treated either with epilepsy drug Topamax (topiramate) or its generic equivalent. The regulatory body said that there was a risk of oral clefts among...
27Mar2011 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners Buys More Propane Assets
Ferrellgas Partners L.P. (FGP) continued its acquisition spree by acquiring Dubois, Wyoming based independent propane dealer Ram Propane. The latter operates in the Western Wyoming markets catering to residential and industrial clients. The acquisition is a perfect strategic...
27Mar2011 | vitalstocks | 0 comments | Continued(H) Hyatt Hotels is in Expansion Mode
Hyatt Hotels Corporation (H) recently signed a deal with an affiliate of HILLGATE Properties NV, for the operation of Hyatt Place Amsterdam Airport hotel. Financial terms of the deal were not disclosed. The new hotel in the Netherlands will feature 303 guest rooms along with...
27Mar2011 | vitalstocks | 0 comments | Continued(S) Is Sprint Nextel Finally Buying T-Mobile?
Rumors of Sprint Nextel Corp. (S) being in talks with the German company Deutsche Telekom to buy the latter’s T-Mobile USA unit have re-surfaced. The market buzz won positive reactions from investors, resulting in a 22 cent jump in Sprint shares at last close. Both Sprint...
27Mar2011 | vitalstocks | 0 comments | Continued(WDC) Western Digital Announces Aquisition of Hitachi Global Storage Technologies
U.S. based disk drive producer Western Digital Corporation (WDC) recently announced that it has entered into a definitive agreement to acquire Hitachi Global Storage Technologies, a wholly owned subsidiary of Hitachi Ltd. The deal is valued at approximately $4.3 billion, which...
27Mar2011 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Earns CE Mark Stent Approval
Boston Scientific Corporation (BSX) recently received the CE Mark approval for its Omega Platinum Chromium Bare-Metal Coronary Stent System, a third generation platinum chromium (PtCr) coronary stent system with greater radial strength and minimum stent recoiling. Boston Scientific...
27Mar2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Updates First Quarter 2011 Expectations
Honeywell International Inc. (HON) expects its first-quarter 2011 sales and earnings per share to be at the high end of its earlier guidance range, benefiting from strength in the global economic recovery. Revenue for the quarter is expected to be approximately $8.7 billion,...
27Mar2011 | vitalstocks | 0 comments | Continued(SYMC) Symantec Offers Essential iPad Security
Largest Internet protection software maker Symantec Corporation (SYMC) recently announced the launch of Symantec VeriSign Identity Protection (VIP) Access for Mobile in the iPad. The solution will be available on the App Store. The technology protects iPad connectivity through...
26Mar2011 | vitalstocks | 0 comments | Continued(NYX) Analyzing the Proposed Merger Between the NYSE Euronext (NYX) and Deutsche Boerse
Wall Street has been abuzz with the proposed merger between the NYSE Euronext (NYX) and Deutsche Boerse. The deal would create a new global exchange. It’s big news for the investment industry. It has also sparked patriotic talk on both sides of the Atlantic about the naming...
26Mar2011 | Shawn | 0 comments | Continued(KO) Federal Property Up for Sale?
Yes, in an effort to alleviate the huge debt burden, President Barack Obama is mulling to sell more than 14,000 unnecessary federal constructions. According to an administrative official, Obama wants to create an independent panel that will review and recommend how the federal...
26Mar2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Railroads Expect Bright 2011
Early indications are pointing a rosy picture for the U.S. freight railroads in 2011. In the first quarter of 2011, railroad carload volume is up nearly 5.3% compared with the prior-year quarter. The industry has achieved this result despite of experiancing severe winter storm...
25Mar2011 | vitalstocks | 0 comments | Continued(BBY) Company News for March 25,2011 – Corporate Summary
• Beat Buy (NYSE:BBY) reported Q4 EPS today of $1.98, beating the Zacks Consensus Estimate of $1.84 per share. Revenue for the quarter was down 1.8% year-over-year to $16.3 billion higher than the Zacks Consensus Estimate of $16.298 billion • Walgreen Co. (NYSE:WAG) reported...
25Mar2011 | vitalstocks | 0 comments | Continued(ADSK) Stock Market News for March 25, 2011 – Market News
Expectations of strong corporate results and encouraging domestic data helped the benchmarks move modestly higher on Thursday. Investors zoomed in on the events at home and shrugged off global concerns that had previously caused much damage to the indices. Technology and retailers...
25Mar2011 | vitalstocks | 0 comments | Continued(F) Metals & Mining Industry Outlook – March 2011 – Industry Outlook
Overview The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting...
25Mar2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Denied Dividend Hike by Federal Reserve
Bank of America Corp‘s (BAC) plan to boost its dividend in the second half of 2011 was rejected by the Federal Reserve, as per a company filing on Wednesday. This comes as a rude shock to BofA, particularly after many big banks got the much-awaited green signal from Fed...
25Mar2011 | vitalstocks | 0 comments | Continued(ORCL) Oracle Third Quarter 2011 Earnings Preview
Oracle Corp. (ORCL) is scheduled to release its third quarter 2011 results on March 24, 2011, after the market closes. Since the release of second quarter 2011 results, Oracle shares have risen 4.0%. Oracle posted decent second quarter results, which beat the Zacks Consensus...
25Mar2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Sues Credit Suisse AG on Mortgage-Backed Securities
Bloomberg reported that Allstate Corp. (ALL) has filed a federal complaint against Credit Suisse AG (CS) alleging that the latter had sold more than $231 million of toxic investments in lieu of safe investments to Allstate between 2005 and 2008, which later encountered a drastic...
25Mar2011 | vitalstocks | 0 comments | Continued(SKX) Skechers U.S.A. – Bear of the Day
Skechers USA’s (SKX) fourth-quarter 2010 earnings missed the Zacks expectations, and plunged 87.9% from the prior-year quarter. Skechers indicated that it has witnessed order cancellations as the market was flooded with lower-priced toning product. Consequently, total inventories...
25Mar2011 | vitalstocks | 0 comments | Continued