Archive for April, 2011
(MAN) Manpower Incorporated Takes Stake in Web Development Company Limited
Manpower Inc. (MAN), one of the leading employment services provider, recently announced that it has gained 74% stake in Kolkata, India-based, Web Development Company Limited (WDC), which offers IT services and professional resourcing. Following the acquisition, WDC will now...
9Apr2011 | vitalstocks | 0 comments | Continued(MU) Micron Technology Announces Plans to Sell Japanese Facility
Memory chip manufacturer Micron Technology Inc. (MU) recently announced that it will sell its wafer manufacturing facility in Nishiwaki City, Hyogo, Japan, to TowerJazz. Specialty foundry Tower Semiconductor Ltd. (TSEM) and its fully owned U.S. subsidiary Jazz Semiconductor operate...
9Apr2011 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Catheters Cleared by FDA
Medical devices major St. Jude Medical (STJ) has secured the clearance of the U.S. Food and Drug Administration (“FDA”) for its two new irrigated ablation catheters for treating cardiac arrhythmias (irregular heart-beats). The new “Safire BLU” and “Therapy Cool Path”...
9Apr2011 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Drug Vandetanib Earns FDA Approval
AstraZeneca (AZN) recently gained US Food and Drug Administration (FDA) approval for its orphan drug vandetanib for the treatment of non-operable (unresectable) locally advanced or metastatic medullary thyroid cancer (MTC). The approval, however, comes with a boxed warning and...
9Apr2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Corporation Acquires Fronteer Gold
Newmont Mining Corporation (NEM) completed the acquisition of Vancouver-based Fronteer Gold Inc. (FRG) for $2.3 billion, further expanding its resource base in North America. As per the agreement, Newmont agreed to give Fronteer’s shareholders $14.13 in cash and one share in...
9Apr2011 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels and Resorts Worldwide Expands in India
Starwood Hotels and Resorts Worldwide Inc. (HOT) is set to further expand in the Indian hotel market. The company announced its intention of opening 7 additional hotels in India by year-end 2011. This would bring the total to 37 properties in India. Starwood ventured into the...
9Apr2011 | vitalstocks | 0 comments | Continued(HRS) Harris Wins East African Falcon Radio Contract
A leading supplier of communications equipment and services, Harris Corp. (HRS) recently won a contract from an East African country for Falcon III and Falcon II tactical radios worth $11.7 million. Harris will supply the Falcon III® RF-7800V Very-High Frequency (VHF) Combat...
9Apr2011 | vitalstocks | 0 comments | Continued(GS) Basel III Capital Standards Defined
Regulatory officials from more than two dozen countries are trying to exercise more flexibility in taking care of world’s biggest banks with its new set of capital standards, known as Basel III, Reuters reported on Wednesday. In 2010, global regulators had decided to adopt...
9Apr2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Quarterly Earnings Exceed by a Penny
CarMax Inc.(KMX) posted a profit of $89.5 million or 39 cents per share in the fourth quarter of fiscal 2011 ended February 28, 2011, barely exceeding the Zacks Consensus Estimate by a penny. The profit increased 83% from $48.8 million or 26 cents per share (excluding favorable...
9Apr2011 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Files Lawsuit
The chemical giant EI DuPont de Nemours & Company (DD) has sued USA Performance Technology Inc. (USA PTI), Performance Group (USA) Inc. and two individuals for misappropriating its trade secret and other confidential information with regard to its Titanium Technologies business. ...
9Apr2011 | vitalstocks | 0 comments | Continued(SHPGY) Shire and Watson Pharmaceuticals in Patent Legal Battle
The legal tussle between Shire (SHPGY) and Watson Pharmaceuticals Inc. (WPI) intensified with the Ireland based Shire filing a case of patent infringement and breach of contract against Watson Pharma relating to Shire’s Adderall XR. Adderall XR is indicated for treating patients...
9Apr2011 | vitalstocks | 0 comments | Continued(BR) Broadridge Financial Solutions Broadens Portfolio
Broadridge Financial Solutions Inc. (BR) recently completed the acquisition of all the intellectual property (IP) rights of a financial service processing solution of Mitsui Knowledge Industry Co Ltd. (“MKI”). Financial details of the transaction were not disclosed. Headquartered...
9Apr2011 | vitalstocks | 0 comments | Continued(MYGN) Myriad Genetics and BioMarin Pharmaceuticals Enter Agreement for Testing
Myriad Genetics (MYGN) has entered into an agreement with BioMarin Pharmaceuticals (BMRN) to conduct BRCA1 and BRCA2 mutation testing on patients to be enrolled in the latter’s phase I/II clinical study of BMN 673. BMN 673 is a PARP-inhibitor drug candidate for treatment of...
9Apr2011 | vitalstocks | 0 comments | Continued(ECA) Encana and Heckmann Team Up on Liquefied Natural Gas
Encana Corporation (ECA), through its subsidiary Encana Natural Gas Inc., has teamed up with Heckmann Water Resources (“HWR”) to provide liquefied natural gas (LNG) from its new mobile LNG fueling stations. California-based HWR, the parent company of Heckmann Corporation...
9Apr2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase CEO Increased 50%
According to the regulatory documents filed on Thursday, JPMorgan Chase & Co. (JPM) stated that it has raised its CEO, Mr. Jamie Dimon’s total compensation by more than 50% for 2010. The CEO’s pay surged to $23 million in 2010 as against $15.2 million in 2009. JPMorgan...
9Apr2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Increases Dividend – Plans Share Buyback
PNC Financial Services Group Inc. (PNC) is the latest bank to raise its dividend and announce share buyback plans. With this move, the company joins the bandwagon of Wall Street banks that won Federal regulators approval and hike dividends following the second round of stress...
9Apr2011 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Announces They Will Fight Lawsuit
Time Warner Cable Inc. (TWC), the second-largest cable operator in the U.S. recently got involved in a legal tussle with a leading entertainment company Viacom (VIA) regarding the streaming of cable TV shows on iPad. It all started last month, when Time Warner Cable launched...
9Apr2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor to Resume Production
Toyota Motor Corp. (TM) revealed that it will resume production at all its plants in Japan at half capacity from April 18 to 27. The automaker suspended its production at all the 18 plants in Japan from March 14 to 26 after the earthquake and tsunami in Japan on March 11 that...
9Apr2011 | vitalstocks | 0 comments | Continued(CP) Canadian Pacific Railway Analyst Maintains Neutral on Shares
We are currently maintaining our long-term Neutral rating on Canadian Pacific Railway Limited (CP), the largest rail network in Canada, supported by a Zacks #3 Rank (Hold). Canadian Pacific, together with its subsidiaries, operates a transcontinental railway in Canada and the...
9Apr2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Completes Tender Offer
A leading telecom company Verizon Communications Inc. (VZ) purchased 59.8 million shares at $19.00 per share under its $1.1 billion tender offer to acquire information technology service company, Terremark Worldwide Inc. (TMRK). With the completion of the tender offer, Verizon...
9Apr2011 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Planning to Bid for ING Direct?
On Sunday, Bloomberg reported that Capital One Financial Corp. (COF) is one of the few firms that are interested in buying ING Direct USA. ING Direct USA is the online banking unit of Amsterdam-based ING Groep NV (ING). Apart from Capital One, ING has been in talks with several...
9Apr2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Doubles CEO Compensation Package
Goldman Sachs Group Inc.’s (GS) Chairman and Chief Executive Officer (CEO) Mr. Lloyd C. Blankfein’s total compensation, including a cash bonus, had been raised to $19 million in 2010, according to a regulatory filing on Friday. Blankfein’s pay package includes salary of...
9Apr2011 | vitalstocks | 0 comments | Continued(DVN) U.S. Energy Department’s Weekly Inventory Shows Natural Gas Draw Falls Short
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected drop in natural gas supplies, as a major draw in the East Region was partially offset by small injections in the West and Producing Regions. The Weekly Natural Gas Storage Report – brought...
8Apr2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil Inventories on Upward March
The U.S. Energy Department’s weekly inventory release showed a continued build-up in crude stockpiles. The agency’s report further revealed that distillate stocks were added to their supplies, while gasoline inventories declined for the seventh-straight week though the...
8Apr2011 | vitalstocks | 0 comments | Continued(IHG) InterContinental Hotels Group in Joint Venture in India
Denham, United Kingdom-based InterContinental Hotels Group (IHG) intends to expand its footprint in India by forming a joint venture with Duet India Hotels Group. InterContinental plans to invest around $30 million in the joint venture, in which it would have a 24% equity stake,...
8Apr2011 | vitalstocks | 0 comments | Continued(MAR) Marriott International Big on India
Marriott International Inc. (MAR), the largest U.S. hotel chain, has inked a preliminary joint venture (JV) agreement with SAMHI Hotels Pvt Ltd to debut Fairfield by Marriott in India. SAMHI is a hotel investment and development company based in New Delhi, India. The venture...
8Apr2011 | vitalstocks | 0 comments | Continued(RPM) U.S. Airline Traffic Marks Modest Improvement
The U.S. air carriers recorded only modest improvements in traffic during March. Airline traffic is measured in billions of revenue passenger miles (RPM), which implies one mile flown by one passenger. Following the massive earthquake and tsunami in Japan on March 11, carriers...
8Apr2011 | vitalstocks | 0 comments | Continued(HAL) Halliburton to Build Louisiana Unit
Leading oilfield service provider Halliburton (HAL) and Louisiana Economic Development (LED) have teamed up to construct a manufacturing unit in Lafayette, Louisiana. The cost of the plant is estimated at around $65 million and will be on a 200,000-square-foot ground. The project...
8Apr2011 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor – Bull of the Day
Deckers Outdoor’s (DECK) sustained focus on new product introductions and geographic expansion has helped achieved robust growth. The company delivered better-than-expected fourth-quarter 2010 results on the heels of strong demand for the product lines under the UGG and...
8Apr2011 | vitalstocks | 0 comments | Continued(WSH) Willis Group Buys Stake in South Africa
Willis Europe BV, a division of Willis Group Holdings plc (WSH), announced that Willis South Africa has acquired 22.5% of the equity in Amabubesi Consulting Services (ACS). ACS, a specialist employee benefits consulting business, is part of the Amabubesi Group, a South African...
8Apr2011 | vitalstocks | 0 comments | Continued