Archive for April, 2011
(JEC) Jacobs Engineering Group Teams with U.S. Air Force
Jacobs Engineering Group Inc. (JEC) recently received a follow-on contract from the U.S. Air Force for a potential value of approximately $87 million. The effective date was April 1, 2011, with a tenure of five years, including a three-year basic period of performance and one...
8Apr2011 | vitalstocks | 0 comments | Continued(F) Americans Buying Smaller Cars
U.S. recorded a 12% rise in light vehicle sales to a seasonally adjusted annual rate (SAAR) of 13.1 million units in March, driven by an improvement in the employment rate. Rising employment rate infused confidence in the buyers, especially young ones, to rush into first-time...
8Apr2011 | vitalstocks | 0 comments | Continued(FTK) ValuEngine Weekly Newsletter April 8, 2011
VALUATION WATCH: Our models find that overvaluation is approaching critical levels. Overvalued stocks now make up almost 64% of our universe and 30% of the universe is calculated to be overvalued by 20% or more. All Sectors are calculated to be overvalued. What’s Hot—-Valuation...
8Apr2011 | valuengine | 0 comments | Continued(F) Ford Motor Extends F-150 Recall
Ford Motor Co. (F) has been forced by the government to extend its recall of its best selling pickup truck, F-150, by 6,000 units to 150,000 units in the U.S. and Canada. The recall was related to a glitch with the front air bags that may deploy when not needed due to a short...
8Apr2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Awarded $177 Million FAA Air Traffic Control System Contract
Raytheon Company (RTN) has been awarded a $177 million contract modification by the Federal Aviation Administration (FAA) to continue deployment of the Standard Terminal Automation Replacement System, or STARS, under the FAA’s terminal automation, modernization and replacement...
8Apr2011 | vitalstocks | 0 comments | Continued(BA) Boeing Earns $1.4 Billion in New 777 Orders
The Boeing Company (BA) received an order for three 777 Freighters and two 777-300ERs from Qatar Airways. The combined value of the order comes to about $1.4 billion. Qatar Airways has ordered these 777 planes to take advantage of the phenomenal economic growth in the state of...
8Apr2011 | vitalstocks | 0 comments | Continued(GSK) Company News for April 08, 2011 – Corporate Summary
• Bed Bath & Beyond Inc.’s (NASDAQ:BBBY) shares rose 10.5% a day after the retailer projected earnings ahead of Wall Street’s expectations for the fiscal year ending in Feb. 2012 • Drug developer Immunogen Inc. (NASDAQ:IMGN) reported positive results from a mid-stage...
8Apr2011 | vitalstocks | 0 comments | Continued(BBBY) Stock Market News for April 8, 2011 – Market News
On Thursday markets fell slightly after Japan was hit by another quake, reigniting fears about its nuclear power crisis. Additionally, oil prices rose above $110 per barrel but better than expected March chain-store sales kept losses in check. The Dow Jones Industrial Average...
8Apr2011 | vitalstocks | 0 comments | Continued(AKAM) Akamai Technologies Streams NCAA Championship
A leading provider of cloud optimization services, Akamai Technologies Inc. (AKAM) announced that the Akamai HD Network exclusively streamed the 2011 NCAA March Madness On Demand (MMOD). NCAA March Madness On Demand (MMOD) covers the NCAA Division I Men’s Basketball Championship...
8Apr2011 | vitalstocks | 0 comments | Continued(ORCL) Oracle Exadata Machine Selected by Leading Brazilian Bank Banco Santander
Oracle Corp. (ORCL) recently announced that one of the leading retail and commercial banks of Brazil, Banco Santander has chosen Oracle Exadata Database Machine to integrate the operations of Banco Real, which it acquired in August 2009. The Brazilian division of the Spain-based...
8Apr2011 | vitalstocks | 0 comments | Continued(SPPI) Spectrum Pharmaceuticals to Continue Cancer Study
Recently, Spectrum Pharmaceuticals Inc. (SPPI) announced that it will continue evaluating its cancer candidate belinostat based on the recommendation of the independent Data Monitoring Committee (DMC). Spectrum Pharma is currently studying belinostat for treating patients suffering...
8Apr2011 | vitalstocks | 0 comments | Continued(NRF) Retail Industry Outlook – April 2011 – Industry Outlook
Insight from Fiscal 2010 Fiscal 2010 was a year of hard work, involving the continuous streamlining of internal processes. To that end, retailers concentrated on aligning inventories with sales, improving operating efficiencies and spending on technology. These focused efforts...
7Apr2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Launches Smart Cloud to Boost Cloud Computing
Information Technology giant, International Business Machines Corp. (IBM) is set to boost its cloud computing ambitions with the launch of its new computing service “Smart Cloud”. Smart Cloud offers cost-effective data analysis, supply chain management and sales management...
7Apr2011 | vitalstocks | 0 comments | Continued(SNMX) Senomyx Leads ValuEngine.com Forecast Screen
Flavoring manufacturer Senomyx uses proprietary taste receptor technologies to discover and develop novel flavor ingredients in the savory, sweet, salt, bitter, and cooling areas. Senomyx has entered into flavoring manufacturer product discovery and development collaborations...
7Apr2011 | valuengine | 0 comments | Continued(WAG) Walgreen Faces Legal Battle Over Drugstore.com Aquisition
The law firm of Brower Piven has announced a class action lawsuit in connection with the proposed acquisition of drugstore.com by Walgreen (WAG), one of the largest retail pharmacy chains in the US. The lawsuit has been filed by all the shareholders of drugstore.com in the Delaware...
7Apr2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners L.P. Completes Public Offering
Energy Transfer Partners L.P. (ETP) announced the closure of its previously announced public offering. The firm priced the public offering of 14,202,500 common units at $50.52 apiece, including a fully exercised over-allotment option for 1,852,500 units. The natural gas and propane...
7Apr2011 | vitalstocks | 0 comments | Continued(NSM) Texas Instruments Snaps Up National Semiconductor
Texas Instruments Inc. (TXN or “TI”) has announced its intention to acquire National Semiconductor Corp (NSM) for $6.5 billion in cash. Counter-bids look unlikely, given the 78% premium TI is willing to pay that most prospective buyers would shy away from. The transaction...
7Apr2011 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Partners With Cubist Pharmaceuticals for Dificid
Optimer Pharmaceuticals Inc. (OPTR) recently announced an exclusive two-year agreement with Cubist Pharmaceuticals Inc. (CBST) to co-promote its lead pipeline candidate, fidaxomicin, to be sold as Dificid in the US. The collaboration follows on the heels of a US panel backing...
7Apr2011 | vitalstocks | 0 comments | Continued(HPQ) Stock Market News for April 7, 2011 – Market News
Investors stayed away from making large bets as markets posted modest gains amidst low volumes. The technology sector was driven higher after Cisco’s chief executive said the company was implementing stricter methods to narrow its focus. Consequently, the broader market received...
7Apr2011 | vitalstocks | 0 comments | Continued(BRCM) Company News for April 07, 2011 – Corporate Summary
• New York Times reported that Cephalon, Inc. (NASDAQ:CEPH) rejected Valeant Pharmaceuticals’ (NYSE:VRX) unsolicited $5.7 billion takeover bid, citing the offer was too low and opportunistic • Monsanto Company (NYSE:MON) reported a Q2 EPS of $1.88 beating the Zacks...
7Apr2011 | vitalstocks | 0 comments | Continued(WMT) U.S. Initial Claims for Unemployment Fall Again
Initial Claims for Unemployment Insurance fell by 10,000 last week to 382,000. However, last week was revised up by 4,000, so one could see it as a 6,000 decrease. This was a bit better than the expected level of 386,000. The trend in initial claims is downward, although there...
7Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Sets Worldwide Developers Conference Dates
Apple Inc. (AAPL) will host its annual developers meet “Worldwide Developers Conference” (WWDC) from June 6 to June 10 in San Francisco’s Moscone Center. Apple is expected to unveil its new Macintosh operating system and iOS 5 at the event. Earlier, Apple has used the Worldwide...
7Apr2011 | vitalstocks | 0 comments | ContinuedApril 7, 2011 – Bullish Sentiment at a 7-Week High – AAII Sentiment Survey
Bullish sentiment, expectations that stock prices will rise over the next six months, improved 1.8 percentage points to 43.6% in the latest AAII Sentiment Survey. This was the third consecutive weekly increase and it puts optimism at a seven-week high. The historical average...
7Apr2011 | vitalstocks | 0 comments | Continued(JPM$) U.S. Treasury to Hit Legal Debt Ceiling Soon
Is the economy heading toward another cataclysm? According to Treasury Secretary Timothy Geithner, the federal government will bump against the current $14.29 trillion debt ceiling by May 16, if Congress does not take a prompt action. If the ceiling is not pushed up immediately,...
7Apr2011 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Presents Positive Stent Results
Boston Scientific (BSX) presented an analysis on data derived from two trials – Perseus and Taxus Atlas at the American College of Cardiology annual conference. It was observed that the Ion platinum chromium (PtCr) paclitaxel-eluting stent system (Taxus Element) compared favorably...
7Apr2011 | vitalstocks | 0 comments | Continued(TXT) Textron Wins $10.6 Million Army Contract
AAI Test & Training, an operating unit of Textron Inc. (TXT), has received a task order worth $10.6 million for its Man-Portable Aircraft Survivability Trainer (MAST) from the U.S. Army Program Executive Office for Simulation, Training and Instrumentation. Under the Simulation,...
7Apr2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network Corporation Teams With EPIX for Video-on-Demand
The low-priced leader in the U.S. pay TV industry, DISH Network Corporation(DISH) recently announced its partnership with EPIX, a premium video-on-demand service provider in the U.S. As per the deal, DISH subscribers will be allowed to access unlimited online movies and other...
7Apr2011 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy to Convert Vehicle Fleet to Compressed Natural Gas
Oil prices have skyrocketed over the last few weeks following political turbulence in the Middle East and persistently growing demand for oil. The supply-demand discrepancy calls for an alternative energy that could compensate for the expensive lubricate. In this regard, Chesapeake...
7Apr2011 | vitalstocks | 0 comments | Continued(DELL) Dell Building Out Research & Development
Dell Inc. (DELL) announced a new state-of-the-art research and development (R&D) facility. The world’s third largest PC maker has now announced an R&D center in the Silicon Valley that will make this possible. The new R&D center will house more than 1,500 people...
7Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Sells Pacific Architects and Engineers Business
Lockheed Martin Corporation (LMT) divested its Pacific Architects and Engineers Incorporated (PAE) business to Lindsay Goldberg, LLC. Lindsay Goldberg is a private equity firm based in New York City. The firm focuses on leveraged buyouts and growth capital investments in middle-market...
7Apr2011 | vitalstocks | 0 comments | Continued