Archive for June, 2011
(UDR) UDR Raises Quarterly Dividend
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently increased its second quarter 2011 dividend from 18.5 cents to 20 cents. The quarterly dividend, payable in cash, would be paid on August 1, 2011 to shareholders of record as of July 11, 2011. The...
22Jun2011 | vitalstocks | 0 comments | Continued(VALE) Rio Tinto Plc Ups Stake in Ivanhoe
Rio Tinto Plc. (RIO) announced that it is exercising remaining warrants of Ivanhoe Mines Ltd (Ivanhoe) to acquire 55.1 million shares for $502 million or $9.10 per share. Subsequent to the acquisition, the company will increase its holdings in Ivanhoe to 46.5%, up from 42%. Rio...
22Jun2011 | vitalstocks | 0 comments | Continued(CE) Celanese Hikes Product Prices
Effective July 1, 2011, specialty materials company Celanese Corp. (CE) will increase the prices of acetic acid, Acetic Anhydride, MIBC and MIBK by $0.03/LB and that of Vinyl Acetate Monomer and Ethyl Acetate by $0.05/LB in the US, Canada and Mexico. A few days back, Celanese...
22Jun2011 | vitalstocks | 0 comments | Continued(GM) General Motors Pursues Investment in U.S. Plants
General Motors Co. (GM) announced investment amounting to $65 million at its two engine plants in New York and Tennessee. The automaker will invest $33 million at its plant in Tonawanda near Buffalo, New York that will retain or create 100 jobs. The remaining $32 million will...
22Jun2011 | vitalstocks | 0 comments | Continued(NCI) Navigant Consulting Reiterated at Neutral
We reiterate our Neutral recommendation on Navigant Consulting Inc. (NCI) for the long term, based on its first quarter 2011 earnings, opportunities associated with health care reform and the integration of Ethos Physician Services, partially offset by a restricted consultant...
22Jun2011 | vitalstocks | 0 comments | Continued(TOT) TOTAL S.A. Sheds U.K. Downstream Business
Integrated oil and gas company TOTAL S.A. (TOT) decided to sell most of its downstream assets in the United Kingdom to Rontec Investments LLP for £400 million or $647.4 million. The downstream assets earmarked for sale include TOTAL’s UK retail network, comprising 810...
22Jun2011 | vitalstocks | 0 comments | Continued(PKI) PerkinElmer Presents Corporate Social Responsibility Report
A global leader in human and environmental health, PerkinElmer (PKI) recently released its Corporate Social Responsibility (“CSR”) Report for 2010. This report provides information on the company’s achievements against its worldwide sustainability target, established in...
22Jun2011 | vitalstocks | 0 comments | Continued(WRB) W.R. Berkley Declares Catastrophe Loss Estimate
Property and casualty insurer W. R. Berkley Corporation (WRB) announced that it expects pre-tax catastrophe losses (cat losses) of $65 million for the months of April and May, based on property damages resulting from cataclysmic weather conditions. The new estimate is significantly...
22Jun2011 | vitalstocks | 0 comments | Continued(SNE) Japan Showing Signs of Life After the Quake
by Justin Dove, Investment U Research Wednesday, June 22, 2011 The Great East Japan Earthquake shook up Japanese electronics manufacturers like Sony (NYSE: SNE), Hitachi (NYSE: HIT) and Panasonic (NYSE: PC) in March. And things haven’t turned around yet. Sony’s stock is...
22Jun2011 | InvestmentU | 0 comments | Continued(SAP) Has Google Been Caught Stealing by Oracle?
by Justin Dove, Investment U Research Wednesday, June 22, 2011 It’s hard to imagine Google (Nasdaq: GOOG) making mistakes. They haven’t made many, but this one could hurt if Oracle (Nasdaq: ORCL) gets its way. Oracle claims that Google infringed upon Java patents when creating...
22Jun2011 | InvestmentU | 0 comments | Continued(STLD) Why Investors Shouldn’t Ignore the Steel Industry
by Marc Lichtenfeld, Senior Analyst, Investment U Wednesday, June 22, 2011: Issue #1540 While most investors are focused on precious metals, I prefer to look for investment opportunities in markets less traveled. Sure, precious metals are still wildly popular – or not popular...
22Jun2011 | InvestmentU | 0 comments | Continued(HF) HFF Secures Funding
HFF Inc. (HF) has secured $134.76 million in financing for a 13-property mixed-use portfolio spanning 2.8 million square feet throughout the United States. The portfolio is 90.0% leased and includes industrial, office, multi-housing and retail properties located in eight states....
22Jun2011 | vitalstocks | 0 comments | Continued(ADBE) Barchart Morning Call 6/22
Barchart Morning Call Barchart.com – 2 hrs 26 mins ago Overnight Developments Global stocks are mixed with the European Euro Stoxx 50 down -0.64% and Sep S&Ps down -4.90 points. The dollar and Treasuries gained while most commodities weakened amid speculation Greek...
22Jun2011 | Shawn | 0 comments | Continued(MKC) McCormick & Company Buy Signal From Barchart
Barchart.coms Chart of the Day – McCormick Company (MKC) Barchart Research Team – Barchart.com – Tue Jun 21, 3:46PM CDT Related Stocks MKC – Mccormick & Company Inc. Sym Last Chg Pct MKC 50.49 -0.13 -0.26% The “Chart of the Day”...
22Jun2011 | Shawn | 0 comments | Continued(HON) Honeywell International’s Biofuel Powers Gulfstream
Honeywell International Inc.’s (HON) Green Jet Fuel was recently used to power the first transatlantic biofuel flight, Gulfstream G450. The flight, operated by Honeywell, landed at the Paris-Le Bourget Airport. Gulfstream G450 was the first aircraft to fly from North America...
22Jun2011 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Analyst Still at Neutral
We remain Neutral on McDonald’s Corp. (MCD) over the long term. Our reiteration is based on the company’s growing same-restaurant sales, ability to attract healthy traffic in spite of menu price increases and restaurant reimaging program, partially offset by steeply rising...
22Jun2011 | vitalstocks | 0 comments | Continued(NDAQ) Neutral on NASDAQ
We maintain our Neutral recommendation on NASDAQ OMX Group Inc. (NDAQ) based on its current sustainability factor. The company’s first quarter earnings beat the Zacks Consensus Estimate driven by strong revenue growth across the board coupled with moderate expense management....
22Jun2011 | vitalstocks | 0 comments | ContinuedU.S. Federal Reserve Announces it Will Sit on Sidelines
The Fed just finished its meeting and here is its current policy statement, along with its previous statement (4/27). I present the two statements on a paragraph-by-paragraph basis, and then intersperse my translation/commentary. As was universally expected, there was no change...
22Jun2011 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Sees Rating Action From A.M. Best
A.M. Best Co. has raised the issuer credit ratings (ICR) and senior debt ratings to “a” from “a-” for ACE Limited (ACE). The outlook has been revised to stable from positive. The rating agency also raised ICR and senior debt ratings to “a” from “a-” for ACE INA...
22Jun2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Supporting Navy Submarines
A Lockheed Martin Corporation (LMT) led team received a contract worth $758 million from the U.S. Navy to provide combat and sonar systems to submarines. Lockheed will take inspiration from commercial hardware and software to develop the required systems for the submarines. The...
22Jun2011 | vitalstocks | 0 comments | Continued(JPM) Will Credit Unions Replace Banks?
On the one hand, banks are figuring out ways to recover some money that they are bound to lose due to the imminent cut in interchange fees, as dictated in the Wall Street reform legislation last year. On the other hand, credit unions are gaining more popularity among consumers...
22Jun2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase/SEC Settle CDO Charges
JPMorgan Chase & Co.’s (JPM) U.S. broker-dealer affiliate, J.P. Morgan Securities LLC, has agreed to pay $153.6 million to settle charges with the U.S. Securities and Exchange Commission (SEC). The SEC had alleged the bank of misleading investors in a synthetic collateralized...
22Jun2011 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec and Partner Elan Announce EU Label Update for Tysabri
Recently, Biogen Idec, Inc. (BIIB) and partner Elan Corporation (ELN) announced that the European Commission (EC) has approved an update to the label for their multiple sclerosis (MS) drug Tysabri (natalizumab) in the European Union (EU). The updated label includes anti-JC Virus...
22Jun2011 | vitalstocks | 0 comments | Continued(STRA) Strayer Education Analyst Remains Neutral on Shares
A rich legacy of more than 119 years coupled with a strong focus on working adults has enabled Strayer Education Inc. (STRA) to establish a healthy position in the for-profit post-secondary education industry. The company has been consistently focusing on expanding educational...
22Jun2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks and IBM to Serve Hess
Juniper Networks Inc. (JNPR), one of the leading providers of networking infrastructure products and services, recently teamed with technology major International Business Machines (IBM) to bag a multi-million dollar contract from global energy company Hess Corporation (HES). Both...
22Jun2011 | vitalstocks | 0 comments | Continued(PG) Siemens Acquires Minor Stake in Semprius
According to biz journals, Siemens AG has acquired a 16% stake in Durham, North Carolina based Semprius, manufacturer of high concentrating photovoltaic modules (HCPV). The terms of the transaction were not disclosed. Semprius, develops HCPV solar modules that increase efficiency...
22Jun2011 | vitalstocks | 0 comments | Continued(FDX) (FDX$) FedEx Reports Strong Numbers – ValuEngine Retains Buy Rating
FedEx Corporation (FDX) is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery,...
22Jun2011 | valuengine | 0 comments | Continued(BP) BP Receives Wytch Farm Bid
British energy giant BP Plc. (BP) has received a bid for its stake in the Wytch Farm oil field, located in southwest England. The bidder – Premier Oil – is the second largest partner in Wytch Farm after BP. As of now, BP holds a 67.81% operated interest in Wytch Farm, while...
22Jun2011 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Posts Positive Pixantrone Data
Cell Therapeutics Inc. (CTIC) recently announced that data from an early stage study of its lead pipeline candidate, pixantrone, for an additional indication, was published in Cancer, an online journal. The study (n=28) tested the efficacy and safety of pixantrone as a combination...
22Jun2011 | vitalstocks | 0 comments | Continued(UAL) United Continental Holdings Unit United Airlines Resumes Operations
United Airlines, a subsidiary of United Continental Holdings (UAL) has resumed its normal flight schedule after its flights were disrupted on June 17. The carrier’s network connectivity failed miserably following computer failure. As a result, most of its flights were cancelled...
22Jun2011 | vitalstocks | 0 comments | Continued