Archive for June, 2011
(CPKI) Golden Gate to Buy California Pizza Kitchen
California Pizza Kitchen Inc (CPKI), a leading casual dining restaurant chain recently signed a definitive agreement with San Francisco-based private investment firm, Golden Gate Capital. As per the deal, Golden Gate will acquire the company for approximately $470 million or...
14Jun2011 | vitalstocks | 0 comments | Continued(LIFE) Life Technologies Deals with Luminex
Life Technologies Corporation (LIFE) recently entered into a global sales and distribution agreement with Luminex Corporation (LMNX) to access the latter’s award-winning multiplexing instrument MAGPIX to analyze proteins for research. This partnership is expected to be beneficial...
14Jun2011 | vitalstocks | 0 comments | Continued(WMT) Initial Jobless Claims Down Slightly
Initial Claims for Unemployment Insurance fell by 6,000 last week to 422,000. This was worse than the expected level of 413,000. The trend in initial claims had been moving downward, although with some bumps along the way. Last month, they have started to shoot back up again. This...
14Jun2011 | vitalstocks | 0 comments | Continued(CNQR) Concur Technology Updates Paperless Technology
Concur Technology Inc. (CNQR) provided latest update for its Concur® Breeze and Concur® Premier clients to help them to manage and eliminate paper from their businesses. Through the newly introduced technology, called the Receipt Store, clients will be able to email their receipt...
14Jun2011 | vitalstocks | 0 comments | Continued(DAN) Meritor Gets New General Managers
Meritor Inc. (MTOR) recently appointed Matthew Stevenson as the General Manager of North American Field Operations & Marketing and John Nelligan as the General Manager of OEM Sales & National Accounts. Both Stevenson and Nelligan will be directly reporting to Joe Plomin,...
14Jun2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix to Pay More for Starz
A leading provider of online movie rental services, Netflix Inc. (NFLX) may pay $200 million to $300.0 million a year to renew a licensing agreement for movies and television shows with Liberty Media Corp.’s Starz (LSTZA) unit, as reported by Reuters. Currently, Netflix pays...
14Jun2011 | vitalstocks | 0 comments | Continued(HMIN) Home Inns – Motel 168 Under One Roof
Shanghai-based Home Inns & Hotels Management Inc. (HMIN) recently entered into a definitive agreement to fully acquire Motel 168 International Holdings Limited for $470 million. The purchase consideration comprises approximately $305 million in cash and 8.15 million Home...
14Jun2011 | vitalstocks | 0 comments | Continued(M) Macy’s Sales Rise
Macy’s, Inc. (M), one of the leading department store retailers in the United States, recently posted better-than-expected sales results for the four-week period ended May 28, 2011, making it more optimistic about second-quarter 2011 sales results. Macy’s comparable-store...
14Jun2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Acquires BoISS
On Wednesday, Northern Trust Corporation (NTRS) announced the completion of its acquisition of Bank of Ireland Securities Services (BoISS) from Bank of Ireland Group for €60 million ($82 million). In February 2011, Northern Trust announced its plan to acquire the fund administration,...
14Jun2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett Packard Lets Halo Go – Nurtures WebOS
Better known as an acquirer, Hewlett-Packard Company (HPQ) recently broke the trend by divesting its Halo video conferencing business to the unified collaboration solutions provider Polycom Inc. (PLCM). The deal was settled at approximately $89.0 million in cash. The Halo visual...
14Jun2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett Packard to Acquire Printelligent
The leading personal computer manufacturer in the world, Hewlett Packard Company (HPQ) recently signed a deal to acquire Printelligent, a closely held provider of managed print services (MPS) for an undisclosed sum. Managed printing services are attracting major industry players....
14Jun2011 | vitalstocks | 0 comments | Continued(APC) U.S. Energy Department’s Natural Gas Report Moves Up$$
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in natural gas supplies, as production level remained robust. This was partially offset by warmer temperatures in major population centers of the country (especially in the Northeast),...
14Jun2011 | vitalstocks | 0 comments | Continued(BJ) Company News for June 10, 2011 – Corporate Summary
• On Thursday, 3M Company (NYSE:MMM) said it has concluded an agreement to buy manufacturer of quick cure, aircraft sealants Advanced Chemistry & Technology. The acquisition will enhance and expand 3M’s product availability in the aerospace market • ...
14Jun2011 | vitalstocks | 0 comments | Continued(NYT) Publishing Stock Outlook – June 2011 – Industry Outlook
The publishing industry has long been grappling with sinking advertising revenue, and the recent global economic meltdown has worsened the situation. This downturn followed a longer-term secular decline as more readers choose to get news online for free, making the print-advertising...
14Jun2011 | vitalstocks | 0 comments | Continued(COO) The Cooper Companies – Bull of the Day
We reaffirm our Outperform rating on The Cooper Companies (COO) following its healthy second-quarter fiscal 2011 results. Earnings beat the Zacks Consensus Estimate while profit increased greatly year over year. Industry outlook has improved with an expectation of rising utilization...
14Jun2011 | vitalstocks | 0 comments | Continued(COG) Cabot Oil & Gas – Bull of the Day
We are upgrading Cabot Oil & Gas Corp. (COG) shares to Outperform from Neutral, reflecting the company’s impressive exposure to the high-return Marcellus and Haynesville Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of...
14Jun2011 | 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(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(THRX) Theravance Analyst Maintains Neutral Rating 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(JDSU) JDS Uniphase – Bear of the Day
We downgrade our recommendation on JDS Uniphase (JDSU) to Underperform. Recent trends in the optical component industry indicate a glut of inventory on the part of the telecom carriers. The North American and European markets have yet to completely recover from the recession. In...
14Jun2011 | vitalstocks | 0 comments | Continued(BKH) Company News for June 13, 2011 – Corporate Summary
• The Travelers Companies, Inc. (NYSE:TRV) announced it was slowing down its share-repurchase program as natural disasters caused a $1 billion loss to the company in April and May. • Goodyear Tire & Rubber Co. (NYSE:GT) has decided to sell its Asian wire business...
13Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 13, 2011 – Market News
On Friday, the benchmarks ended in the negative zone on fears of a slowing global economic recovery and markets recorded their sixth-straight week of losses. Showing signs of weakness, the Dow dropped below the 12,000 level for the first time since mid-March, all 10 industry...
13Jun2011 | vitalstocks | 0 comments | Continued(BA) Boeing Announces More Contract Wins
The Boeing Co. (BA) announced that it received additional contracts worth $61 million from the U.S. Air Force to produce C-130 Avionics Modernization Program (“AMP”) kits. The new agreements are part of the low-rate initial production (“LRIP”) contract that was awarded...
12Jun2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics to Cut Jobs
General Dynamics C4 Systems, a business unit of General Dynamics Corporation (GD), has announced the laying-off of about 5% of its workers from a workforce of 10,000. The workforce is spread over 200 sites across Canada and the U.S. The lay-off was precipitated by defense-budget...
12Jun2011 | vitalstocks | 0 comments | Continued(ADSK) Autodesk Reports Earnings In Line with Analysts
Engineering and entertainment software design maker, Autodesk Inc. (ADSK) reported first quarter 2012 earnings of 31 cents per share, in line with the Zacks Consensus Estimate. Earnings per share (EPS), including stock-based compensation but excluding one-time charges were up...
12Jun2011 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Earns New Contracts
Jacobs Engineering Group Inc. (JEC) has agreed to provide engineering procurement and construction management (EPCM) services to DuPont Titanium Technologies, a part of El DuPont de Nemours & Company (DD). The value of the contract was not disclosed. DuPont is a manufacturer...
12Jun2011 | vitalstocks | 0 comments | Continued(CVH) Coventry Health Care Sells Senior Notes
Coventry Health Care, Inc. (CVH) has completed a $600 million public offering of 5.45% Senior Notes due 2021, which was announced on June 2. Coventry had sold the senior unsecured notes with a 5.45% coupon at a price of $99.80 to yield 5.476% and offered a risk premium of 245...
12Jun2011 | vitalstocks | 0 comments | Continued(RSH) RadioShack Remains Neutral
We are maintaining our cautious stance on RadioShack Corp.(RSH) given the company’s moderate performance in the first quarter of 2011. RadioShack declared mixed financial results for the first quarter of fiscal 2011. Although earnings per share (EPS) were in line with the Zacks...
12Jun2011 | vitalstocks | 0 comments | Continued(MAA) Roche Holdings’ Skin Cancer Drug Impresses
Roche Holdings Ltd. (RHHBY) recently presented encouraging data from a phase III trial (BRIM 3) on BRAF V600 mutation-positive metastatic melanoma candidate, vemurafenib (RG7204, PLX4032), at the annual meeting of the American Society of Clinical Oncology (ASCO). The BRIM 3 study...
12Jun2011 | vitalstocks | 0 comments | Continued(MCO) Fitch Threatens US Credit Rating Downgrade
Fitch Ratings said on Wednesday that it will keep a watch on U.S. debt for a possible downgrade if the debt ceiling isn’t raised by August 2. The news was published in the Associated Press yesterday. Though the government hit the debt ceiling on May 16, it still has buffer...
12Jun2011 | vitalstocks | 0 comments | Continued