Archive for June, 2011
(CVX) Chevron Contracts to AusGroup
The Australian unit of Chevron Corporation (CVX) awarded a major pipe stool manufacturing contract to AusGroup for the Gorgon liquefied natural gas (LNG) project. The value of the deal has been estimated at approximately A$50 million. The contract, covering a time frame of 18...
15Jun2011 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Compan Gets Good News
Bristol-Myers Squibb Company (BMY) received a boost when its blood-thinner Eliquis (apixaban) was cleared by the European Commission (EC) in 27 nations of the European Union (EU) for preventing venous thromboembolic events (VTE) in adults who have undergone elective hip or knee...
15Jun2011 | vitalstocks | 0 comments | Continued(BJRI) BJ’s Restaurants 2011 Unit Growth on Track
BJ’s Restaurants, Inc (BJRI), which operates around 105 restaurants, remains on track to open as many as 12 to 13 new restaurants in fiscal 2011, of which three restaurants have already been opened. The company opened the first restaurant of 2011 in Tyler, Texas. The 8,000-square...
15Jun2011 | vitalstocks | 0 comments | Continued(NOK) Nokia To Install Qualcom Chipset
The leading mobile phone maker in the world, Nokia Corp. (NOK) is all set to build their first Windows Phone 7-based smartphones using Qualcomm Inc’s (QCOM) chipset. Nokia, in order to increase their chipset supplier base, is also in talks with ST-Ericsson, which is a joint...
15Jun2011 | vitalstocks | 0 comments | Continued(SRE) Sempra Energy to Get Further Energized
San Diego Gas & Electric (“SDG&E”), a subsidiary of Sempra Energy (SRE) has filed for regulatory approval of three new power-purchase contracts for a total of 450 megawatts (MW) of quick-start generation from Peaker plants proposed for San Diego County. Peaker plants...
15Jun2011 | vitalstocks | 0 comments | Continued(HMC) Honda Cuts Working Days
Honda Motor Co. (HMC) announced that its workers will take 14 additional days off from June to August due to disruptions in manufacturing operations driven by parts shortages. The parts shortage came on the back of earthquake and tsunami in Japan on March 11 that damaged many...
15Jun2011 | vitalstocks | 0 comments | Continued(DVR) TiVo Beats on Patent Settlement
A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (TIVO) reported earnings per share (EPS) of $1.04 per share in the first quarter of 2012, comprehensively beating the Zacks Consensus Estimate of a loss of 31 cents and the loss of...
15Jun2011 | vitalstocks | 0 comments | Continued(MRVL) Marvell Technology Group Earnings Preview
Marvell Technology Group (MRVL) is scheduled to announce its first quarter 2012 results on May 26, 2011, and we see limited revisions in analyst estimates at this point of time. Fourth Quarter Overview Marvell Technology delivered a disappointing fourth quarter with its top and...
15Jun2011 | vitalstocks | 0 comments | Continued(AAPL) The Changing Technology Market
by Tony D’Altorio, Investment U Research Thursday, May 26, 2011 Most investors think Apple (Nasdaq: AAPL) deserves its monster stock valuation. After all, it did vanquish all of its foes on the technology battlefield. Take its breakout products: the iPhone, iPad and MacBook...
15Jun2011 | InvestmentU | 0 comments | Continued(SBUX) Starbucks Coffee All Over China
Starbucks Coffee Company (SBUX) finally has taken full control of majority of its stores in mainland China based on a contractual agreement with its long time joint-venture partner in South China, including Hong Kong and Macau, Maxim’s Caterers Ltd. The agreement allows Starbucks...
15Jun2011 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Airways Reiterated at Neutral
We remain on the sidelines on the discounted U.S. airline JetBlue Airways Corporation (JBLU) following its first quarter results and rising fuel prices. JetBlue reported first quarter adjusted earnings per share of a penny, which was in line with the Zacks Consensus Estimate...
15Jun2011 | vitalstocks | 0 comments | Continued(RNR) RenaissanceRe Holdings Raises Capital
RenaissanceRe Holdings Ltd. (RNR) has announced the completion of an equity capital raise of $100 million by its consolidated venture – DaVinciRe Holdings Ltd. (“DaVinci”). The capital will be raised from its new and existing investors and the raised capital will be...
15Jun2011 | vitalstocks | 0 comments | Continued(BNHN) Benihana Reports Higher Sales
The largest U.S. chain of Japanese restaurants, Benihana Inc (BNHN), posted restaurant sales of $26.9 million for the four-week period ending May 22, 2011, up 4.5% from $25.8 million in the year-ago period. Results reflect the benefits of the Benihana Teppanyaki Renewal Program,...
15Jun2011 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Third Quarter Earnings Scorecard
Harris Corp.(HRS) reported mixed third quarter 2011 financial results, where earnings per share (EPS) beat but revenues missed the Zacks Consensus Estimate. Third Quarter Highlights Consolidated revenue in the third quarter of 2011 was $1,413.3 million, which failed to beat the...
15Jun2011 | vitalstocks | 0 comments | Continued(ABV) AmBev – Brazilian Beverage Giant Provides BRIC Exposure with ADR
Companhia de Bebidas das Americas AmBev (ABV), based in São Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo...
15Jun2011 | valuengine | 0 comments | Continued(AAPL) Company News for June 15, 2011 – Corporate Summary
• Share prices of J.C. Penney (NYSE:JCP) rose 17.47% to close at $35.37 after the mid-market U.S department store chain said it has hired Ron Johnson as chief executive who will be taking over from November. Johnson is a senior vice-president at Apple, and has been successfully...
15Jun2011 | vitalstocks | 0 comments | Continued(BBY) Stock Market News for June 15, 2011 – Market News
A better-than-expected retails sales report lifted the overall market to record their largest gains in almost two months on Tuesday. After the markets recorded its first sixth consecutive week of losses since the fall of 2002 last week, gains akin to yesterday’s will enable...
15Jun2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Bull of the Day
Cummins Inc. (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. The company’s results improved significantly in the most recent quarter, driven by the truck market recovery in North America and continued strength in non-U.S....
15Jun2011 | vitalstocks | 0 comments | Continued(ENZN) Enzon Pharmaceuticals – Bear of the Day
Enzon Pharma’s (ENZN) first quarter 2011 net loss of $0.07 per share was narrower than the year-ago loss of $0.20 due to substantial cost cutting by management. The discontinuation of the development of PEG-SN38 for mCRC was a major blow to Enzon, leaving it with just one...
15Jun2011 | vitalstocks | 0 comments | Continued(AXP) American Express Diversifies with Prepaid Card
Diversifying its scope of operation beyond affluent customers, American Express Co. (AXP) (AmEx) is expected to introduce a new convenient prepaid debit card on Tuesday, which will operate out of the Dodd-Frank regulatory premises. Moreover, this new revenue-generating platform...
15Jun2011 | vitalstocks | 0 comments | Continued(AWH) Stock Market News for June 14, 2011 – Market News
The benchmarks ended flat on Monday, as mergers and acquisitions prevented the markets from sliding yet again on euro-zone debt concerns. Mergers and acquisitions were the major factor responsible for market movement in a choppy session of trading, amidst the lack of any economic...
14Jun2011 | vitalstocks | 0 comments | Continued(THRX) Theravance Analyst Maintains Neutral on Shares
We have maintained our Neutral recommendation on Theravance, Inc. (THRX) with a target price of $24.00 per share following the announcement of first quarter 2011 financial results. Theravance’s first quarter 2011 loss per share of 28 cents was in line with the Zacks Consensus...
14Jun2011 | vitalstocks | 0 comments | Continued(JNJ) Pharma & Biotech Stock Outlook – June 2011 – Industry Outlook
Challenges like sluggish prescription trends, EU pricing pressure, intensifying generic competition, pipeline failures and limited late-stage catalysts continue to impact the pharmaceutical industry. The next five years are expected to reflect a significant imbalance between...
14Jun2011 | vitalstocks | 0 comments | Continued(CS) Company News for June 14, 2011 – Corporate Summary
• Share prices of Transatlantic Holdings (NYSE:TRH) climbed 9.50% after the reinsurer announced it was merging with Switzerland based reinsurer World Assurance Company Holdings AG AWH in a deal worth $3.2 billion • On Monday, Wendy’s/Arby’s Group (NYSE:WEN)...
14Jun2011 | vitalstocks | 0 comments | Continued(ETFC) E*TRADE Analyst Upgrades Shares to Outperform
We have upgraded our recommendation on E*Trade Financial Corporation(ETFC) to Outperform from Neutral based on improved first-quarter 2011 results. In April, E*TRADE reported first-quarter 2011 earnings of 16 cents per share, substantially better than the Zacks Consensus Estimate...
14Jun2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Edges Higher
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of oil rigs, almost offset...
14Jun2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International in Iraq’s Refining Project
Technology of UOP LLC, a subsidiary of Honeywell International Inc. (HON), has been chosen by the State Company for Oil Projects (SCOP) in Iraq for a new transportation fuel refinery to be built within the country. SCOP works under the Ministry of Oil for Iraq. The refinery,...
14Jun2011 | vitalstocks | 0 comments | Continued(GE) General Electric Unveils New Power Plant
General Electric Company (GE) unveiled a power plant capable of adjusting its production based on fluctuations in wind and solar power. The company spent $500 million to develop the system. Drawing from its jet engine expertise, it designed a plant that will ramp up at a rate...
14Jun2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International in Housing Development Program
Honeywell International Inc. (HON) together with the Washington Housing Authority & Mid-East Regional Housing Authority (WHAMERHA) initiated a $4.7-million energy conservation and building modernization program. The program aims to provide reasonably priced housing facilities...
14Jun2011 | vitalstocks | 0 comments | Continued(DUK) Duke Energy to Acquire Wind Farm
Duke Energy Corporation (DUK) will acquire a 20-megawatt (MW) operational wind farm in Wisconsin. Duke Energy Renewables, a commercial business unit of Duke Energy, agreed to purchase the Shirley Windpower Project from a subsidiary of Central Hudson Enterprises Corporation. The...
14Jun2011 | vitalstocks | 0 comments | Continued