Archive for April, 2011
(GD) General Dynamics Wins $23 Million IT Contract
General Dynamics’ (GD) Information Technology unit has won a three-year $3 million Air Force contract, whose potential value can go up to $23 million based on the exercise of all options. Under the contract, General Dynamics will assist the U.S. Air Force with its F-22A Integrated...
3Apr2011 | vitalstocks | 0 comments | Continued(EMC) EMC’s Mozy Mobile App Made Available
EMC Corp. (EMC) announced the general availability of Mozy mobile app for Apple Inc.’s (AAPL) iOS-based devices such as iPhone, iPad and iPod touch, using iOS version 4.0 or later. The application is also compatible with Google Inc.’s (GOOG) Android mobile operating systems...
3Apr2011 | vitalstocks | 0 comments | Continued(AIG) American International Group’s International Lease Finance Refinances Debt
In order to refinance debt, American International Group Inc. (AIG)’s jet leasing unit International Lease Finance Corporation (ILFC) has secured a $1.3 billion term loan with a group of 15 banks from Europe, Asia and North America. Accordingly, ILFC’s term loan will be funded...
3Apr2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Wins $312 Million Missile Contract
Raytheon Company (RTN) was awarded a $312 million manufacturing contract for the Standard Missile-3 Block IB program by the U.S. Department of Defense Missile Agency. The contract provides the necessary funding to carry out the development phase of the program. The Standard Missile...
3Apr2011 | vitalstocks | 0 comments | Continued(EQIX) Equinix Enters Into Strategic Tieup
Equinix, Inc. (EQIX) is a global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators, and network service providers. The company has recently entered into collaboration with Dell Inc. (DELL) and Rackspace...
3Apr2011 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire & Rubber Closes Preferred Offer
Goodyear Tire & Rubber Co. (GT) announced the closing of its public offering of mandatorily convertible preferred stock, which commenced on March 28, 2011. In addition to the 8.7 million shares offered, the underwriters also exercised their option to purchase 1.3 million...
3Apr2011 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire & Rubber Offers Preferred Stock
Goodyear Tire & Rubber Co. (GT) plans to make a public offering of $435 million of mandatory convertible preferred stock for the first time in history. The offering consists of 8.7 million shares at an average price of $50. The estimated proceeds of $421 million will be used...
2Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Earns Coast Guard Contract
Defense contractor Lockheed Martin Corporation (LMT) received a contract from the U.S. Coast Guard to provide technical and training support at 12 Coast Guard training sites. As per the contract Lockheed Martin will identify and hire suitable personnel in the field of aviation,...
2Apr2011 | vitalstocks | 0 comments | Continued(THRX) Theravance Analyst Maintains Neutral on Shares
We are maintaining our Neutral recommendation on Theravance, Inc. (THRX) with a target price of $25.00 after the company’s fourth quarter and fiscal year 2010 financial results. Theravance’s fourth quarter 2010 loss per share of 25 cents was narrower than both the Zacks...
2Apr2011 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market Incorporated – Bull of the Day
Whole Foods Market, Inc. (WFMI), with a strong brand image, offers investors one of the strongest growth profiles in the industry, and the stock is poised to surge as the demand for natural and organic products improves. The company is also revamping its pricing strategy and...
1Apr2011 | vitalstocks | 0 comments | Continued(BX) Money Management Stocks Gaining Momentum – Investment Ideas
The big stock market rally of the last two years has been driven by massive capital inflows into equities. But a good portion of that volume has come on the back of large institutional players like hedge fund and pension managers that control big blocks of cash. But now, with...
1Apr2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Denied RMBS Purchase by Federal Reserve Bank of New York
Finally, the Federal Reserve Bank of New York (FRBNY) turned down American International Group Inc.’s (AIG) offer to repurchase its $15.7 billion residential mortgage-backed securities (RMBS) on Maiden II. This is a special-purpose investment vehicle that the company had handed...
1Apr2011 | vitalstocks | 0 comments | Continued(DNDN) Dendreon Analyst Maintains Neutral Rating on Shares
We have maintained our Neutral recommendation on Dendreon Corporation (DNDN) with a target price of $39.00 following the announcement of fourth quarter and full year 2010 financial results. Dendreon’s fourth quarter 2010 loss of 61 cents per share (excluding loss on debt conversion)...
1Apr2011 | vitalstocks | 0 comments | Continued(ACXM) Company News for April 01, 2011 – Corporate Summary
• Hershey (NYSE:HSY) said it raised wholesale prices by 9.7% due to fuel, raw materials and transportation costs • According to a Bloomberg report, regulators reported that Dendreon Corp.’s (NASDAQ:DNDN) prostate cancer drug Provenge should be covered by the U.S....
1Apr2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for April 1, 2011 – Market News
Markets marked one of the strongest quarters of the decade with negligible movement in the indices as investors patiently await the job data from the Labor Department, scheduled for Friday. The indices faced a stiff challenge from global issues but survived the concerns to remain...
1Apr2011 | vitalstocks | 0 comments | Continued