Archive for June, 2011
(ETP) Energy Transfer Partners Analyst Maintains Neutral Rating on Shares
We are maintaining our long-term Neutral rating on Energy Transfer Partners L.P. (ETP) based on its growth momentum, which is aided by acquisitions and joint ventures, strong volume expansion and modest price increases. These positive aspects are somewhat diluted by the challenging...
12Jun2011 | vitalstocks | 0 comments | Continued(RCI) Rogers Communications to Launch LTE in 2011
Rogers Communications Inc. (RCI), the largest cable MSO of Canada, will launch its first next-generation (4G) super-fast LTE (Long-Term Evolution) network in Ottawa, in the third quarter of 2011. LTE network will expand into another 25 cities ofCanada in 2012. Rogers is yet to...
12Jun2011 | vitalstocks | 0 comments | Continued(CAT) America’s Aging Infrastructure is Coming Apart At the Seams
by David Fessler, Investment U‘s Energy and Infrastructure Expert Tuesday, May 24, 2011: Issue #1519 Over the last two years, America’s motorists have developed a new driving skill: dodging potholes. As a cyclist, I’m particularly aware of how bad the roads are near...
12Jun2011 | InvestmentU | 0 comments | Continued(C) Citigroup Suffers Computer Hack Attack
Citigroup Inc. (C) has topped the headlines again and this time for a breach of security as hackers got access to hundreds of thousands of its credit card customers’ information in North America. It was during a routine check up that Citi discovered this unauthorized access....
12Jun2011 | vitalstocks | 0 comments | Continued(IP) Temple-Inland Responds to IP Bid
To ward off International Paper Co’s (IP) offer of $3.3 billion or $30.60 per share in cash made earlier this week, Temple-Inland Inc. (TIN) has adopted a stockholder rights plan and declared dividend distribution of preferred share purchase rights on each outstanding share...
12Jun2011 | vitalstocks | 0 comments | Continued(AAPL) One of the Biggest Investment Stories in the History of Business
by Steve McDonald, Investment U’s Weekend Editor Friday, June 10, 2011: Issue #1532 The cloud computing phenomenon has been described by The Wall Street Journal as “the single biggest creation of wealth in the history of business.” Read that again. Not the biggest in...
12Jun2011 | InvestmentU | 0 comments | Continued(CI) CIGNA Corporation – Bull of the Day
We are upgrading our recommendation on the shares of CIGNA Corp. (CI) to Outperform from Neutral on the back of improving enrollment expectations, expanding international business. Its first quarter core earning was fairly ahead of Zacks Consensus Estimates well as year ago earnings. Better-than-expected...
12Jun2011 | vitalstocks | 0 comments | Continued(IT) IBM Expands in India
A leading provider of information technology (IT) solutions and services, International Business Machines Corp. (IBM), recently opened its second office in the south Indian state of Tamil Nadu. The new Indian office, a part of IBM’s expansion policies in India, is located in...
12Jun2011 | vitalstocks | 0 comments | Continued(SFG) StanCorp Financial – Bear of the Day
When StanCorp Financial (SFG) reported its first-quarter 2011 earnings, the company experienced a higher level of claims incidence in group long-term disability business, resulting in a soft performance. We expect delinquencies on commercial mortgage loans to remain modestly...
12Jun2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Nan Shan Deal Back on Track
American International Group Inc.’s (AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted...
11Jun2011 | vitalstocks | 0 comments | Continued(V) Visa Expands for Mobile Banking
Expanding its presence through mobile commerce, yesterday Visa Inc. (V) acquired Fundamo, a South-Africa based leading software maker for mobile banking services in more than 40 countries, in an all-cash deal of $110 million. The transaction is expected to be marginally dilutive...
11Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Amends Publisher Guidelines
Apple Inc. (AAPL) recently changed its guidelines on the pricing of In-App subscriptions on the App Store. Apple also reversed its policy of compelling publishers to use its App store to sell subscriptions. The altered guidelines were welcomed by publishers who seek to place...
11Jun2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Halts Mortgage Aid for Three Banks
The federal government has stopped providing assistance to three big banks with funds from its Making Home Affordable Program until they substantially improve their performance with respect to mortgage modification. These three banks, J.P. Morgan Chase & Co. (JPM), Bank of...
11Jun2011 | vitalstocks | 0 comments | Continued(GM) GM Renovating Cadillac Showrooms
General Motors Company (GM) has planned to introduce a fresh and new design for its Cadillac dealerships. The plan, a part of the company’s brand makeover initiative, is expected to be designed and implemented over the next two years. The makeover has been planned with the...
11Jun2011 | vitalstocks | 0 comments | Continued(USM) United States Cellular Catches 4G Wave
United States Cellular Corp. (USM), a subsidiary of Telephone and Data Systems Inc. (TDS) plans to launch seven new smartphones based on Google’s (GOOG) Android platform by the end of this year. With the new launches, the company will also mark its debut in 4G enabled devises....
11Jun2011 | vitalstocks | 0 comments | Continued(S) Sprint and Motorola Seize 4G Frenzy
The third-largest U.S. wireless carrier Sprint Nextel Corp. (S) plans to launch 10 new wireless devices (smartphones and tablets) in collaboration with Motorola Mobility Inc. (MMI). The “Motorola Photon 4G” smartphone is on the top of the 10 new device list. The Photon...
11Jun2011 | vitalstocks | 0 comments | Continued(EP) El Paso Amends Credit Facility
El Paso Corporation (EP) and its subsidiary El Paso Exploration & Production Company (EPEP) announced that they have made changes to their credit facilities, as they prepare to split into two separate entities by year-end 2011. The credit facilities of both EP and EPEP are...
11Jun2011 | 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...
11Jun2011 | vitalstocks | 0 comments | Continued(EIA) Natural Gas Stocks Tick 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),...
11Jun2011 | vitalstocks | 0 comments | Continued(MCO) Rating Woes for U.K. Banks
Rating downgrade woes have plagued the U.K. banks. Rating agency Moody’s Investors Service, a wing of Moody’s Corp. (MCO), placed 14 U.K. banks and building societies on review for potential credit rating downgrades following the reluctance of the government to provide...
10Jun2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Sells Unit
Freewest Resources Canada Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. (CLF) entered into an agreement to sell its two mineral properties to Viking Gold Exploration Inc. (TSXV:VGC), subject to the approval of the TSX Venture Exchange and certain other closing...
10Jun2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department’s Weekly Inventory Release Showed That Crude Stockpiles Fell
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell the most in six months, while gasoline and distillate both added to their supplies. Meanwhile, refiners enhanced processing rates by 1.2%. The Energy Information Administration Petroleum...
10Jun2011 | vitalstocks | 0 comments | Continued(ZUMZ) Zumiez Thrives and Reverses Loss
Specialty retailer Zumiez Inc. (ZUMZ) reported first-quarter earnings of 6 cents a share, beating the Zacks Consensus Estimate of 2 cents a share. The company also outpaced a loss of 3 cents a share posted in the first quarter of fiscal 2010. Net income from operations was $1.9...
10Jun2011 | 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 • ...
10Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 10, 2011 – Market News
Finally, investors enjoyed some cheer as the markets broke their six-day losing streak buoyed by positive data on export levels and a shrinking trade deficit. While this report provided optimism about a recovery in the economy, job data once again failed to suggest any improvement....
10Jun2011 | vitalstocks | 0 comments | Continued(FLEX) Flextronics International Targets Emerging Markets
Flextronics International Ltd. (FLEX) is expanding its reach in Europe and India through its business arm, Flextronics Global Services (FGS). The company chose Turkey and India to be their preferred destination for the second phase of expansion of their operations for providing...
9Jun2011 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion Analyst Maintains Neutral on Shares
We are maintaining our cautious stance on Research In Motion Ltd. (RIMM) given the company’s mixed performance in the fourth quarter of 2011. Research In Motion declared mixed financial results for the fourth quarter of fiscal 2011. Although EPS beat the Zacks Consensus Estimate,...
9Jun2011 | vitalstocks | 0 comments | Continued(GS) Goldman May Sell Litton to Ocwen
Financial Times reported that The Goldman Sachs Group Inc. (GS) is planning to close down the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. (OCN). The news followed the writing down of mortgage-servicing business worth $200 million...
9Jun2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Serves Japanese Researchers
Juniper Networks Inc. (JNPR), one of the leading providers of networking infrastructure products and services, announced that its routers and operating system will be deployed by the National Institute of Informatics (NII) of Japan for its Science Information Network 4 (SINET4)....
9Jun2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Wins Contract
Honeywell International Inc. (HON) has been awarded a five-year $96 million worth contract by NASA’s Safety Center (NSC) to supply audits, assessments, and assurance services to the agency’s centers and suppliers. Honeywell has been working with NASA for a long time,...
9Jun2011 | vitalstocks | 0 comments | Continued