Archive for April, 2011
(MNKD) MannKind Corporation’s Afrezza Drug Gets Good News
There was some good news for MannKind Corporation’s (MNKD) lead pipeline candidate, Afrezza, when the US Food and Drug Administration (FDA) rescheduled its end-of-review meeting with the company to discuss the candidate. A few days ago, the FDA cancelled the meeting, originally...
13Apr2011 | vitalstocks | 0 comments | Continued(NCR) NCR Eyes Brazil Retail Market
Technology solutions provider NCR Corp. (NCR) recently announced plans to supply its flagship Point-of-Sale (POS) solutions to retailers in Brazil. The idea behind the initiative is to capitalize on the enormous business potential in emerging markets (Brazil, Russia, India and...
13Apr2011 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club Analyst Maintains Neutral on Shares
We are reiterating our long-term Neutral recommendation on BJ’s Wholesale Club Inc. (BJ) with a price target of $53.00. Moreover, BJ’s Wholesale holds a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating. Boasting a viable business strategy and a healthy...
13Apr2011 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation to Seize Insurance Opening
Computing major Computer Sciences Corporation (CSC) has really upped the ante in the insurance space and its latest alliance with BioSignia, which offers North American life insurers and reinsures Mortality Assessment Technology (MAT), testifies the fact. MAT is a scientific...
13Apr2011 | vitalstocks | 0 comments | Continued(PFE) Pfizer’s Cancer Drug Sutent Backed by FDA
Pfizer Inc.’s (PFE) Sutent recently received support from an advisory panel of the US Food and Drug Administration (FDA). The FDA’s Oncologic Drugs Advisory Committee (ODAC) voted 8-2 in favor of Sutent’s benefit-risk profile for the treatment of unresectable pancreatic...
13Apr2011 | vitalstocks | 0 comments | Continued(TLK) P.T. Telekomunikasi Indonesia Outlook Bright
P.T. Telekomunikasi Indonesia Tbk. (TLK), the largest telecom operator in Indonesia, recently provided a solid financial outlook for the ensuing fiscal 2011. The company estimated its total revenue in fiscal 2011 to grow by 7%-8% year over year. EBITDA margin will be around 58%....
13Apr2011 | vitalstocks | 0 comments | Continued(IART) Integra LifeSciences Holdings Corporation Earns FDA OK
Integra LifeSciences Holdings Corporation (IART) has added another feather to its cap with the latest 510k clearance by the US Food and Drug Administration (FDA) for its new Accell Evo3 Demineralized Bone Matrix. Earlier this week, the company received FDA approval for three...
13Apr2011 | vitalstocks | 0 comments | Continued(PLD) ProLogis Rejects Bid for ProLogis European Properties
ProLogis (PLD), one of the leading global providers of distribution facilities rejected a bid for a 33.1% ownership stake in ProLogis European Properties (PEPR) by investor group APG Algemene Pensioen Groep N.V. (APG) and Goodman Group on behalf on an undisclosed consortium. ProLogis...
13Apr2011 | vitalstocks | 0 comments | Continued(BIIB) Biogen’s Oral Multiple Sclerosis Drug Impresses
Biogen (BIIB) received a boost recently with the company presenting promising top-line data on its oral multiple sclerosis candidate, BG-12. The company presented positive results on the use of BG-12 as a monotherapy in patients suffering from relapsing-remitting multiple sclerosis...
13Apr2011 | vitalstocks | 0 comments | Continued(T) AT&T Analyst Lowers Shares to Underperform
We have downgraded our long-term recommendation on AT&T Inc. (T) to Underperform from Neutral as the share price has risen about 29% from last year, nearing its peak level. The stock is trading near its 52-week high, and investors are suggested to wait for a better entry...
13Apr2011 | vitalstocks | 0 comments | Continued(FLO) Flowers Foods Buying Tasty Baking
Packaged bakery foods company Flowers Foods Inc. (FLO) recently announced a definitive agreement to acquire Tasty Baking Co. (TSTY) for $4 per share or $165 million in cash. The transaction includes the existing debts of Tasty. Both companies’ boards have unanimously approved...
13Apr2011 | vitalstocks | 0 comments | Continued(GOOG) Google First Quarter 2011 Earnings Preview
Google Inc. (GOOG) is expected to announce first quarter results after the bell tomorrow and estimates appear to be trending down right now. We continue to expect a moderate beat based on the positives outlined below. Google’s market share appears stable and February numbers...
13Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Teams with URS Corporation for LISC
Lockheed Martin Corporation (LMT) has teamed up with URS Corporation (URS) and InDyne to pursue the Launch & Test Range System Integrated Support Contract (LISC), which the U.S. Air Force expects to award in 2012. This team of three experienced contractors in the field of...
13Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Wins Defense Advanced Research Projects Agency Contract
Lockheed Martin Corporation (LMT) said it has received a contract from the Defense Advanced Research Projects Agency (DARPA) to provide the Resilient Command and Control (RC2) system for the military. The contract valued at $2.7 million was awarded to Lockheed’s Advanced Technology...
13Apr2011 | vitalstocks | 0 comments | Continued(PRGO) Perrigo Resolves Manufacturing Issues with FDA
Perrigo Company (PRGO) recently announced the resolution of manufacturing issues at its Allegan, Michigan facility with the US Food and Drug Administration (FDA) following conclusion of re-inspection of the facility by the agency. The FDA commenced a re-inspection of the facility...
13Apr2011 | vitalstocks | 0 comments | Continued(PPL) PPL Corporation Announces Stock Offering for Central Networks Electricity Distribution
PPL Corporation (PPL) has announced public offerings of common stock and equity units to pay for its recently acquired Central Networks electricity distribution businesses in the United Kingdom. The offerings are being made under an effective shelf registration statement on file...
13Apr2011 | vitalstocks | 0 comments | Continued(C) Citigroup to Pay $54 Million in Municipal Hedge Fund Case
Citigroup Inc. (C) has been fined $54.1 million in a municipal hedge fund case. The company has been ordered by an arbitration panel of the Financial Industry Regulatory Authority to pay two individual investors $34.1 million in compensatory damages for their losses over several...
13Apr2011 | vitalstocks | 0 comments | Continued(COF) Capital One Gets Fitch Investment Grade Rating Retained
On Monday, Fitch Ratings announced that it has maintained its investment grade ratings on Capital One Financial Corp. (COF) and its core operating subsidiaries. The rating agency stated the company’s significant earnings growth and improving asset quality as the main reasons...
13Apr2011 | vitalstocks | 0 comments | Continued(AA) Alcoa Quarterly Earnings Beat by a Penny
Alcoa Inc. (AA) the largest U.S. aluminum producer has kicked off another earnings season with its first quarter posting an EPS of 28 cents and exceeding the Zacks Consensus Estimate by a penny. This excludes the negative impact of special items or 1 cent per share, including...
13Apr2011 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil and Halliburton Sign Drilling Deal
ExxonMobil Iraq Limited, a subsidiary of ExxonMobil Corporation (XOM) has contracted US oilfield services company, Halliburton Company (HAL) to provide drilling services in its West Qurna (Phase 1) oilfield in southern Iraq. Financial terms of the agreement were not disclosed. Under...
13Apr2011 | vitalstocks | 0 comments | Continued(XOM) Retail Sales Below Expectations in March
Retail Sales were slightly below expectations for March. Total retail sales rose 0.4%, and are up 7.1% from a year ago. The consensus of forecasters was looking for a rise of 0.5%. However, February was revised up from 1.0% growth to 1.1% growth, which more or less offsets...
13Apr2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Game Tiger Woods PGA Posts Record Sales
Electronic Arts Inc.(ERTS) recorded the highest first week retail sales figures from its recently launched Tiger Woods PGA TOUR 12: The Master of the Tiger Woods PGA TOUR franchise, in its 14-year history. Management estimates that EA sold approximately 225,000 units of Tiger...
13Apr2011 | vitalstocks | 0 comments | Continued(IT) International Business Machines To Build Trading Network for Worldwide Danone Dairy
Information Technology (IT) giant, International Business Machines Corp. (IBM) was selected by a leading global dairy producer Danone, to build its secure trading network. IBM will replace Danone’s existing network with its Sterling Collaboration Network, a part of IBM’s...
13Apr2011 | vitalstocks | 0 comments | Continued(CHSI) Catalyst Health Solutions Prices 5.5 Million Share Offering
Catalyst Health Solutions, Inc. (CHSI) has priced its public offering of 5.5 million shares of common stock at a price of $53.00 per share. According to the Securities and Exchange Commission, Catalyst Health will sell 4.5 million shares and the remaining 1 million shares will...
13Apr2011 | vitalstocks | 0 comments | Continued(IBM) IBM Launches Latest Version of WebSphere Application Server
IBM Corp. (IBM) launched the latest version of WebSphere Application Server (WAS) at the IMPACT 2011 conference. The new version of WAS is designed to increase the client’s security and control, while delivering automated enhancement for the installation, maintenance, testing...
13Apr2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase Sets Upbeat Banking Trend
JPMorgan Chase & Company’s (JPM) first quarter earnings came in at $1.25 per share, substantially ahead of the Zacks Consensus Estimate of $1.16. Results also ascended from earnings of 74 cents in the prior-year quarter. Earnings for the reported quarter leave out certain...
13Apr2011 | vitalstocks | 0 comments | Continued(NVS) Novartis’ Tasigna Trial for Gastrointestinal Stromal Tumor Halted
Novartis (NVS) faced a pipeline setback recently as it announced discontinuation of a late-stage study (ENESTg1) of its drug Tasigna on the recommendation of an independent data monitoring committee. The study evaluated Tasigna versus Glivec as a first-line treatment for unresectableor...
13Apr2011 | vitalstocks | 0 comments | Continued(BMC) BMC Software Seals Deal With Yakult Honsha
BMC Software Inc. (BMC) recently sealed a deal with the Tokyo-based food and beverage producer, Yakult Honsha Co. Ltd. Yakult pioneered the production of probiotic health drinks. It also deals in various consumer, cosmetics and pharmaceutical products. The deal requires BMC Software...
13Apr2011 | vitalstocks | 0 comments | Continued(ANF) Company News for April 13, 2011 – Corporate Summary
• According to a report, Citigroup (NYSE:C) plans to sell 12 million shares of Primerica, Inc.’s (NYSE:PRI) common stock. The bank will receive all of the proceeds from the offering • Fastenal (NASDAQ:FAST) reported Q1 EPS of $0.54, ahead of the Zacks Consensus Estimate...
13Apr2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 13, 2011 – Market News
Disappointing earnings result from Alcoa, declining crude prices, the worsening Japanese nuclear crisis and lower forecasts for economic growth combined to take the markets significantly lower on Tuesday. The Dow lost more than 100 points, heavily dragged by a 6% slide in Alcoa’s...
13Apr2011 | vitalstocks | 0 comments | Continued