Archive for June, 2011
(GE) General Electric Wellstream Wins New Contract
General Electric (GE) Oil & Gas’ Wellstream business has been awarded a long-term contract by Petróleo Brasileiro S.A., aka Petrobras (PBR), one of the largest companies in Latin America. The contract, initially valued at more than $200 million, pertains to flexible pipe...
20Jun2011 | vitalstocks | 0 comments | Continued(LWSN) Lawson Software Releases Preliminary Results
Lawson Software, Inc. (LWSN) recently released preliminary results for the fourth quarter of fiscal 2011. Lawson expects to report revenues of $208 – $212 million, up from $197 million reported in fiscal 2010. Including approximately $2 million of revenues impacted by purchase...
20Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Plans Thailand Expansions
Caterpillar Inc. (CAT) plans to open a new manufacturing facility in Thailand to produce medium track-type tractors, which are used globally by Caterpillar customers for various construction applications. Construction will begin on the new factory in 2011 with production slated...
20Jun2011 | vitalstocks | 0 comments | Continued(PGR) Progressive Beats Expectations in May
Progressive Corp.’s (PGR) earnings per share for May 2011 were 11 cents, up from 7 cents earned in the year ago period. Net income increased 68% from the year-ago period to total $74.1 million. The company recorded net premiums of $1.13 billion during May 2011, up 2% from $1.11...
20Jun2011 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Communications in Neutral Lane
We believe MetroPCS Communications (PCS), one of the leading providers of unlimited prepaid wireless service in the U.S., remains well positioned to gain from the successful launch and execution of “Wireless for All” service plans. Further, growing demand for Android smartphones...
20Jun2011 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Unit Issuing Senior Notes
Natural Resource Partners L.P. (NRP) announced that its subsidiary NRP (Operating) LLC issued the previously announced $50 million of senior notes yielding interest of 5.03% per year and maturing on December 1, 2026. The partnership intends to utilize the proceeds to fund future...
20Jun2011 | vitalstocks | 0 comments | Continued(K) Kellogg’s Food Contaminated Again
The Food and Drug Administration (FDA) released a report on June 14, 2011 stating that traces of listeria have been found in the food products of a Kellogg Company (K) bakery in Augusta, Ga. The regulators after an inspection in February this year came up with such findings....
20Jun2011 | vitalstocks | 0 comments | Continued(NURO) NeuroMetrix Partners for Diabetes
Nerve testing devices maker NeuroMetrix (NURO) has partnered with Florida-based leading diabetes management products maker Nipro Diagnostics for its latest test, the NC-stat DPNCheck. The NC-stat DPNCheck test has been designed for evaluating systemic neuropathies such as diabetic...
20Jun2011 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil’s $1.7 Billion Marcellus Deal
Irving-based ExxonMobil Corp. (XOM) has bought two privately held natural gas companies –– Phillips Resources Inc. and TWP Inc. –– for $1.69 billion, picking up about 317,000 acres for exploration in the high-return Marcellus Shale. ExxonMobil, the largest U.S.natural...
20Jun2011 | vitalstocks | 0 comments | Continued(AEG) Aegon NV Gains Repayment Flexibility
Yesterday, Dutch insurer Aegon NV (AEG) announced that it has freed itself of the government debt on making the last repayment of €1.125 million. The company was offered a bailout amount of €3.0 billion during the peak of the global financial crisis in 2008. The latest and...
20Jun2011 | vitalstocks | 0 comments | Continued(VALE) Vale S.A.’s Potash Project Suspended
The Rio Colorado potash mine development project of Brazilian miner, Vale S.A. (VALE), has been suspended by the government of the Argentine province of Mendoza. The suspension, according to the Mendoza government authority, is solely due to Vale’s lack of compliance with the...
20Jun2011 | vitalstocks | 0 comments | Continued(LBTYA) Liberty Global Faces a Setback
Liberty Global Inc. (LBTYA), a leading cable operator in Europe, Latin America, and Australia, has suffered a setback regarding its proposed acquisition of Kabel Baden-Wuerttemberg GmbH & Co KG, the third largest cable operator in Germany. In March 2011, the company won the...
20Jun2011 | vitalstocks | 0 comments | ContinuedGreece and The Federal Reserve
With the U.S. economic calendar on the thin side on Monday, the market’s focus will remain on the still unresolved Greece question. European finance ministers meeting over the weekend failed to release the next tranche of the original loan to the beleaguered nation and...
20Jun2011 | vitalstocks | 0 comments | Continued(AGU) Agrium Forecasts Better Second Quarter Earnings
Agrium Inc. (AGU),a leading Canadian farm dealer and fertilizer producer, now expects its second-quarter 2011 diluted EPS from continuing operations (earnings per share) to be in the range of $4.10 to $4.40, up from its prior expectation of $3.38 to $3.88 diluted earnings per...
20Jun2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Sells Uridashi Notes
Last week, Bank of America Corporation (BAC) sold 3-year Uridashi notes in Australian dollars as well in South African Rand (ZAR). Uridashi notes are debt issued in the euro markets and are sold mostly to the Japanese individual investors. BofA sold the 3- year issue worth 413.8...
20Jun2011 | vitalstocks | 0 comments | Continued(CCL) Carnival Corporation Earnings Preview
Miami-based Carnival Corporation (CCL), the world’s biggest cruise line operator, is slated to release its second quarter 2011 earnings results on June 21, before the opening bell. Carnival expects second quarter 2011 earnings in the range of 20 cents to 24 cents per share....
20Jun2011 | vitalstocks | 0 comments | Continued(IHG) InterContinental Hotels Group Renovates Sao Paulo Property
InterContinental Hotels Group (IHG) recently completed the first phase renovation at its Sao Paulo property. InterContinental Sao Paulo is one of the most renowned business-oriented properties in the popular Brazilian tourist destination. This explains the ongoing multi-phase...
20Jun2011 | vitalstocks | 0 comments | Continued(JBL) Jabil Circuit Third Quarter 2011 Earnings Preview
A leading electronic parts manufacturer, Jabil Circuit Inc. (JBL) is scheduled to release its third quarter 2011 results on June 21, 2011, after the market closes. Jabil shares have declined 3.1% following the second quarter 2011 results. However, Jabil’s second quarter results...
20Jun2011 | vitalstocks | 0 comments | Continued(TEX) Terex Ups Order – Demag Nods
Terex Corp’s (TEX) takeover story of Demag Cranes AG took a positive turn with Terex upping its offer from 41.75 euros to 45.50 euros per share and both the parties signing an agreement foreshadowing future plans. Demag’s board has agreed to recommend the company’s shareholders...
20Jun2011 | vitalstocks | 0 comments | Continued(DOX) Amdocs Announces Acquisition of Bridgewater Systems of Canada
Amdocs Ltd. (DOX), the largest developer of customer experience systems, has decided to acquire Bridgewater Systems of Canada, a leading intelligent software developer for converged mobile platform. Amdocs will pay approximately $215.5 million for Bridgewater. However, after...
20Jun2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman’s Global Hawk Lives
Defense contractor Northrop Grumman Corporation’s (NOC) much touted unmanned aerial vehicle (“UAV”) Global Hawk received a new lease of life with Pentagon’s chief weapons buyer Ashton Carter asserting its need to the U.S. congressional defense committees. Global Hawk...
20Jun2011 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners – Bear of the Day
Ferrellgas Partners (FGP), since the beginning of fiscal 2011, has already made four acquisitions. However, the partnership’s results in the second quarter continued the past trend of poor earnings. Moreover, we believe the absence of distribution growth for more than a...
20Jun2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Signs Aircraft Memorandum of Understanding
Honeywell International Inc. (HON) entered into a memorandum of understanding (MoU) with Safran, a leading provider of aerospace products of France, for forming a joint venture to provide a pioneering new electric green taxiing system for the new as well as the existing aircraft. The...
20Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Apple to Launch iPad3
According to reports from the Economic Times of Taiwan, Apple Inc. (AAPL) will release its third generation iPad, iPad 3, this September, well ahead of the expected launch date of March 2012. The next generation iPad is rumored to have an unmatched graphical resolution with six...
20Jun2011 | vitalstocks | 0 comments | Continued(BZH) Homebuilders Settle Land Dispute
Three of the largest homebuilders in the U.S., including Beazer Homes USA Inc. (BZH), KB Home (KBH) and Toll Brothers Inc. (TOL), have decided to pay lenders up to $340 million to meet their claims and settle legal actions related to a failed housing development deal near Las...
20Jun2011 | vitalstocks | 0 comments | Continued(MCK) McKesson Corporation – Bull of the Day
McKesson (MCK) reported strong fourth quarter 2011 results with EPS of $1.66, outpacing the Zacks Consensus Estimate and the year-ago earnings. Revenues climbed 8% to $28.9 billion. McKesson’s fiscal 2012 guidance was also above expectations. The company expects fiscal...
20Jun2011 | vitalstocks | 0 comments | Continued(USA) Company News for June 20, 2011 – Corporate Summary
• Research In Motion Limited (NASDAQ:RIMM) reported first quarter earnings per share of $1.33. While this is marginally higher than the Zacks Consensus EPS Estimate of $1.32 per share, revenue numbers missed expectations of $5.4 billion by roughly half a billion dollars,...
20Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for June 20, 2011 – Market News
Reports of a possible resolution to Greece’s debt crisis put the market on track for a finish in the green. Combined with mixed economic reports, this development helped benchmarks end their six-week losing streak. A decline in oil prices lifted the indices higher, but losses...
20Jun2011 | vitalstocks | 0 comments | Continued(NCR) NCR Brings SelfServe to Banking
NCR Corp. (NCR) remains deeply committed to ensure self-service solutions for customers of financial institutions. The company added another feather to its cap with the launch of its advanced financial kiosks, designed to take routine bank transactions away from teller windows. Through...
19Jun2011 | vitalstocks | 0 comments | Continued(DOW) The Dow Chemical Company Invests $10B in China
Chemical giant The Dow Chemical Company (DOW) plans to invest $10 billion in China. The $10 billion fund will cover a coal chemical project in the northern Chinese province of Shaanxi, where the chemical giant will join forces with Shenhua Group Corp. and the local government. During...
19Jun2011 | vitalstocks | 0 comments | Continued