Archive for June, 2011
(AXP) Stock Market News for June 30, 2011 – Market News
On Wednesday, markets enjoyed their best three-day winning streak in three months as investor sentiment was boosted by news that the Greek austerity plan had been approved by the nation’s lawmakers. This would not only enable Greece avoid a debt default but would also help...
30Jun2011 | vitalstocks | 0 comments | Continued(ADSK) Autodesk Reaffirms Outlook
In the recently concluded investor meeting, Autodesk Inc. (ADSK) reiterated its second quarter 2012 and fiscal 2012 guidance, supported by the steady growth in demand for its products. Autodesk in the recently concluded quarter had witnessed strong revenue growth across all segments...
30Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Versus Samsung at International Trade Commission
Apple Inc. (AAPL) and Samsung will now fight it out at the International Trade Commission (ITC), after Samsung lodged patent infringement complaints against the U.S. based company, as reported by news agency Bloomberg. Samsung claimed that Apple has infringed patents related...
30Jun2011 | vitalstocks | 0 comments | Continued(PFE) Pfizer Drug Accepted for Standard FDA Review
Pfizer Inc. (PFE) recently announced that its regulatory application for oncology candidate, axitinib has been accepted for standard review by the US Food and Drug Administration (FDA). The company is seeking approval for the treatment of patients with advanced renal cell carcinoma...
30Jun2011 | vitalstocks | 0 comments | Continued(AET) Aetna Takes Over Prodigy Health Group
Aetna Inc. (AET) has recently revealed that it has completed the acquisition of Prodigy Health Group, which was announced back in April. New York-based Prodigy sells self funded plans to employers that employ about 100-5000 individuals. The acquisition, valued at $600 million,...
30Jun2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Settlement to Hurt Second Quarter Earnings
Bank of America Corp. (BAC) has finally reached an agreement to pay $8.5 billion for its legacy Countrywide mortgage repurchase and servicing claims. The settlement is for a group of 22 investors who had suffered substantial losses for their investments in mortgage-backed securities...
30Jun2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Shifts Focus to China
The largest PC maker Hewlett-Packard Company (HPQ) recently announced its expansion plans for China. The tech major announced a series of new initiatives which may be expected to strengthen its presence in China. Moreover, the investment is expected to deliver a seamless and...
30Jun2011 | vitalstocks | 0 comments | Continued(DNR) Denbury Resources to Get Riley Ridge Unit
Denbury Resources Inc. (DNR) has entered into an agreement to acquire working interests in Riley Ridge Federal Unit located in southwestern Wyoming as well as mineral leases adjoining the Unit from Cimarex Energy Co. (XEC). The total consideration of the transaction, which is...
30Jun2011 | vitalstocks | 0 comments | Continued(TDG) TransDigm Group Updates Fiscal 2011 Outlook
TransDigm Group Incorporated (TDG) provided its updated fiscal 2011 revenues and EBITDA guidance at its annual investors meeting. EBITDA outlook for the year was increased at both the ends whereas revenue guidance surged at the lower level but plunged at the upper level. The...
30Jun2011 | vitalstocks | 0 comments | Continued(KFT) Kraft Minor stake Aquired by Trian Fund Management
According to the SEC filing, the billionaire investor Nelson Peltz’s hedge fund – Trian Fund Management has acquired 12.2 million shares of Kraft Foods Inc. (KFT) for $381.9 million during the first quarter of 2011. Trian is based in New York and its stake of 12.2 million...
30Jun2011 | vitalstocks | 0 comments | Continued(TDS) Telephone and Data Systems Rides on Cloud Business
Telephone and Data Systems Inc. (TDS) plans to acquire OneNeck IT Services, a data hosting and information technology (IT) company. The estimated takeover price is $95 million. The acquisition was approved by the Federal Trade Commission and is expected to close on July 1. We...
30Jun2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Products Favored in China
Juniper Networks Inc. (JNPR) announced that its network infrastructure will be deployed by Youku.com Inc. (YOKU) for an undisclosed amount. Youku is a prominent Chinese Internet television service provider and offers online video content for Chinese Internet users. Per the contract...
30Jun2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Revises Historicals & Outlook
Illinois Tool Works Inc. (ITW) recently reclassified its historical results giving effect to discontinued operations and announced the impact of its share repurchase activity. The company consummated the repurchase of $550 million or 9.7 million shares in the second quarter 2011,...
30Jun2011 | vitalstocks | 0 comments | Continued(HOG) Gentlemen – Buy What You Know – Investment Ideas
When it comes to investing, we often opt for stocks we know. Ones we understand and most often those are the companies that we use regularly. Why That’s a Good Thing A big part of choosing good stocks is a consistent demand for their products. They also have to be profitable...
30Jun2011 | vitalstocks | 0 comments | Continued(NVTL) Mobile Wi-Fi Hotspot Thriving
The mobile Wi-Fi hotspot market is expected to become a multi-billion USD opportunity within the next few years. Wi-Fi connectivity is likely to become a huge opportunity for communications service providers. Several industry sources predicted that Wi-Fi enabled wireless devices...
30Jun2011 | vitalstocks | 0 comments | Continued(TLAB) Tellabs Wins Nano Optical Transport System Contract
Tellabs Inc. (TLAB) was recently awarded a big contract to supply its 7100 Nano Optical Transport System (OTS) for the nationwide deployment of fiber optic network of the French broadband internet service provider (ISP) CELESTE. The ISP is at present in the process of installing...
30Jun2011 | vitalstocks | 0 comments | Continued(PBCT) People’s United Financial and Danvers Bancorp Deal Approved
People’s United Financial Inc. (PBCT) and Danvers Bancorp Inc. (DNBK) got the approval for their proposed merger from the Office of the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation on June 27, 2011. In May, the deal was also approved...
30Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 29, 2011 – Market News
Markets moved significantly ahead on Tuesday, buoyed by optimism that the Greek debt-crisis was nearing a solution and positive economic data that suggested a surge in home prices for the first time in eight months. However, volumes remained tight, reflecting the underlying...
29Jun2011 | vitalstocks | 0 comments | Continued(GM) Company News for June 29, 2011 – Corporate Summary
• Google Inc (NASDAQ:GOOG) unveiled social networking site Google+ which will enable it to compete against Facebook. The application is now in its trial period • Car maker General Motors (NYSE:GM) said it has concluded a deal with natural gas engine maker Westport...
29Jun2011 | vitalstocks | 0 comments | Continued(AMD) Roche Holdings Gets Positive Data on Lucentis
Roche Holdings Ltd. (RHHBY) recently reported positive data from two late-stage studies (RISE and RIDE) on its eye drug, Lucentis. The studies were conducted to evaluate the safety and efficacy of the drug in patients suffering from diabetic macular edema (DME). DME leads to...
29Jun2011 | vitalstocks | 0 comments | Continued(M) Macy’s Goes Global
Macy’s Inc. (M), one of the leading department store retailers in the United States goes global with its e-commerce site, macys.com. The company recently announced the launch of international shipping across 91 countries in different continents around the globe. Macy’s is...
29Jun2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals and Columbia Laboratories Drug’s NDA Accepted
Watson Pharmaceuticals Inc. (WPI) along with Columbia Laboratories Inc. (CBRX) recently announced that the latter’s New Drug Application (NDA) for Prochieve (progesterone gel) has been accepted by the US Food and Drug Administration (FDA). The companies are looking to get Prochieve...
29Jun2011 | vitalstocks | 0 comments | Continued(QGEN) Qiagen Added in Russell 1000 and 3000
Recently, Qiagen (QGEN) announced that it has been included in the Russell 1000 and the Russell 3000 Indices. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe and includes approximately 1,000 of the largest securities based...
29Jun2011 | vitalstocks | 0 comments | Continued(VMW) VMware Sets vFabric5 Rolling
VMware Inc.(VMW) unveiled its latest offering in the application platform space with vFabric5. The platform, vFabric5 is set to redefine cloud architectures by providing a modern programming model coupled with next-generation platform services. Through vFabric5, VMware enables...
29Jun2011 | vitalstocks | 0 comments | Continued(SYMC) Symantec Expands its Horizon
Security, storage and systems management solutions provider, Symantec Corporation (SYMC) is currently expanding its operations to serve companies in the virtualization and cloud computing market. Moreover, the company has recently come out with a report analyzing the security...
29Jun2011 | vitalstocks | 0 comments | Continued(BNHN) Benihana Sales Remain Strong
Benihana Inc (BNHN), the leading operator of Japanese restaurants in the U.S, posted restaurant sales of $26.9 million for the four-week period ending June 19, 2011, up 6.0% from $25.3 million in the year-ago period. The upside in sales was driven by improved comparable restaurant...
29Jun2011 | vitalstocks | 0 comments | Continued(CTAS) Cintas Analyst Maintains Neutral on Shares
Cintas Corporation (CTAS), providing specialized services to businesses of all types throughout North America retains a ‘Neutral’ rating. The company designs, manufactures, implements corporate identity uniform programs, and provides entrance mats, restroom supplies,...
29Jun2011 | vitalstocks | 0 comments | Continued(ITRI) Itron & Tropos Networks’ Smart Grid Chosen by Avista Corporation
Itron Inc. (ITRI) and Tropos Networks’ jointly developed Smart Grid solution has been chosen by Avista Corp. (AVA) as part of its $38 million Smart Grid Demonstration Project in the city of Pullman, Washington, and in a nearby locality of Albion. The sole objective of using...
29Jun2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Aids Army’s Threat Detection
Lockheed Martin Corporation (LMT) has received a contract from the U.S. Army to assist the efforts of the coalition forces in Afghanistan by producing 29 additional Persistent Threat Detection Systems (‘PTDS’). The contract is valued at $184.3 million. PDTS is a helium filled...
29Jun2011 | vitalstocks | 0 comments | Continued(NVTL) Novatel Wireless Remains Neutral
We reiterate our long-term Neutral recommendation on Novatel Wireless Inc. (NVTL). Although the company fell below the Zacks Consensus Estimates in the first quarter of 2011, management has provided an optimistic outlook for the ensuing second quarter due to significant market...
29Jun2011 | vitalstocks | 0 comments | Continued