Archive for July, 2011
(WU) Western Union Business Solutions for UAE
World’s leading money transfer company Western Union Co. (WU) has recently announced the debut of its international business payments service, Western Union Business Solutions, for small and medium-sized enterprises in the UAE through a five-year agreement with Emirates International...
5Jul2011 | vitalstocks | 0 comments | Continued(SKS) Saks Store Coming Up in Kazakhstan
The retailer, Saks Incorporated (SKS) has got a license to open a Saks Fifth Avenue store in Kazakhstan in August 2012, which will be the country’s first Saks store. According to the plan, Saks will construct a tri-level store of approximately 91,000 square feet in the...
5Jul2011 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Wraps Big Sandy Acquisition
A master limited partnership by Spectra Energy Corp. (SE), Spectra Energy Partners, LP (SEP), closed its previously announced acquisition agreement with EQT Corp. (EQT) for a total consideration of $390 million. The acquired assets comprise a 70-mile regulated natural gas pipeline...
5Jul2011 | vitalstocks | 0 comments | Continued(PEP) Pepsico Sheds Malaysian Bottler
Pepsico Inc. (PEP) the global food and Drinks Corporation, is reported to be in talks with Asahi Group Holdings Ltd., Japan’s biggest beer maker for selling its Malaysian bottler, Permanis Sdn. Based in Tokyo, Asahi Breweries has a 40% share of the Japanese beer market. In...
5Jul2011 | vitalstocks | 0 comments | Continued(UPS) United Parcel Services Raises Freight Rate
United Parcel Services (UPS) has increased its freight rates by 6.9% on non-contractual shipments. The increase is effective August 1, in the U.S., Canada and Mexico. The company offers a variety of less-than-truckload (LTL) and truckload (TL) services to customers through its...
5Jul2011 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Oil Leak in Yellowstone River
An ExxonMobil Corporation (XOM)-operated pipeline running into the Yellowstone River in south central Montana ruptured last Friday, spilling hundreds of barrels of crude oil into the river. The company has closed down the pipeline, which is linked to the Billings facility, and...
5Jul2011 | vitalstocks | 0 comments | Continued(FMS) Fresenius Medical Care Completes IDC Buy
Fresenius Medical Care (FMS), the largest provider of dialysis products and services on the planet, has wrapped up its acquisition of Euromedic International’s (“Euromedic”) dialysis service division International Dialysis Centers (“IDC”) for €485 million (roughly...
5Jul2011 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Corporation Earns Fitch Rating Actions
Fitch Ratings has affirmed M&T Bank Corp.‘s (MTB) long- and short-term Issuer Default Ratings at ‘A-’ and ‘F1,’ respectively. The rating action follows the closure of M&T’s acquisition of Wilmington Trust Corp. on May 16, 2011. The...
5Jul2011 | vitalstocks | 0 comments | Continued(VTR) Ventas Completes Nationwide Health Properties Acquisition
Ventas Inc. (VTR), a premier healthcare real estate investment trust (REIT), has recently completed the acquisition of its rival Nationwide Health Properties Inc. (NHP) in an all-stock deal. The transaction worth $7.6 billion created one of the largest publicly traded REITs in...
5Jul2011 | vitalstocks | 0 comments | Continued(MKC) McCormick & Company Second Quarter 2011 Earnings Scorecard
McCormick & Co. Inc. (MKC) announced its financial results for the second-quarter of 2011 on June 30 with operating earnings of 55 cents a share, surpassing the Zacks Consensus Estimate by one cent. In the following paragraphs, we cover the recent earnings announcement, subsequent...
5Jul2011 | vitalstocks | 0 comments | Continued(DUK) Duke Energy Files for Rate Hike
Duke Energy Corporation (DUK) said that its unit Duke Energy Carolinas has filed for a rate increase, as planned, with the North Carolina Utilities Commission to recover the investments made by the company over the last two years. If approved, the new rates will come into effect...
5Jul2011 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber Analyst Downgrades Shares to Underperform
We downgrade our recommendation on Cooper Tire & Rubber Co. (CTB) to Underperform from Neutral. Based in Findlay, Ohio, Cooper Tire is the ninth largest tire company in the world and is also one of the 350 large companies in America. The company manufactures and markets tires...
5Jul2011 | vitalstocks | 0 comments | Continued(BAX) Baxter International Presents Sustainability Report
Baxter International (BAX) recently presented its 2010 Sustainability Report. This was the 12th straight year in which the company has reported on its economic, social and environmental outcomes. This report highlights the company’s progress toward its sustainability goals...
5Jul2011 | vitalstocks | 0 comments | Continued(NYT) The New York Times Company Finds Buyers for Fenway
The New York Times Company (NYT), one of the leading diversified media company has finally got buyers for its minority stake in the Fenway Sports Group. The newspaper publisher in a marathon sale process was looking for buyers since 2008 to give a boost to its declining revenue...
5Jul2011 | vitalstocks | 0 comments | Continued(ETN) Eaton Completes ATCOM Buy
Eaton Corporation (ETN) said it has successfully completed the acquisition of the previously announced ACTOM’s Low-Voltage Electrical Business in South Africa. Eaton expects the addition of ACTOM’s low-voltage business to help establish a prominent presence for itself in...
5Jul2011 | vitalstocks | 0 comments | Continued(FCX) Freeport-McMoRan Copper & Gold Mine Workers on Strike
Thousands of workers kicked off a weeklong strike at Freeport-McMoRan Copper & Gold Inc.’s (FCX) gold and copper mine in eastern Indonesia, demanding higher wages and protesting the dismissal of their union leaders. The US mining giant insists that the work stoppage...
5Jul2011 | vitalstocks | 0 comments | Continued(JNJ) Boost for Bayer and Johnson & Johnson
Recently, the US Food and Drug Administration (FDA) delivered a huge boost for Bayer (BAYRY) and partner Johnson & Johnson (JNJ) by clearing their blood-thinner (anticoagulant) Xarelto (rivaroxaban). The US regulatory body cleared the drug, which has blockbuster potential,...
5Jul2011 | vitalstocks | 0 comments | Continued(JASO) JA Solar Holdings to Buy Silver Age Holdings
JA Solar Holdings Co., Ltd. (JASO) has entered into a definitive agreement to acquire 100% ownership interest in Silver Age Holdings Limited for $180 million in stock. The acquisition aims to increase production of a key panel component. As consideration, JA Solar will issue...
5Jul2011 | vitalstocks | 0 comments | Continued(AVT) Avnet Completes Parisian IT Buy
Avnet, Inc. (AVT) recently completed its previously announced acquisition of value-added IT distributor Amosdec SAS. Headquartered in Paris, Amosdec provides virtualization and storage management solutions. Amosdec generated revenues of $90 million in fiscal 2010. Management...
5Jul2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Expanding Caspian Pipeline
Integrated energy company Chevron Corporation (CVX), through its subsidiary Chevron Neftegaz, has commenced the construction for the expansion of the Caspian pipeline. The total value of the development project is estimated at $5.4 billion. The venture intends to enhance the...
5Jul2011 | vitalstocks | 0 comments | Continued(ARW) Arrow Electronics Signs Deal with Syncort
Electronics distributor Arrow Electronics Inc. (ARW) recently announced that its business segment – Arrow Enterprise Computing Solutions (ECS) has signed an agreement with Syncort to be among the first distributors of the NetApp Syncsort Integrated Backup solution in the United...
5Jul2011 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group to Exit Polkomtel
British mobile phone giant Vodafone Group Plc (VOD) has agreed to sell its entire 24.4% stake in Poland’s Polkomtel to Spartan Capital Holdings for around €920 million ($1.34 billion) in cash, before tax and transaction costs. The Polkomtel sale is the fourth initiative in...
5Jul2011 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips and Karoon Drilling Plan OK’d
The joint venture between ConocoPhillips (COP) and Karoon Gas Australia Ltd. (KAR) got the government approval to initiate a drilling operation in three blocks of the Browse Basin, about 350 kilometers off the northwest coast in Australia. The drilling campaign was postponed...
5Jul2011 | vitalstocks | 0 comments | Continued(ATHN) Wisconisin Adopts Athenahealth Electronic Health Record
Medical billing and records software provider Athenahealth Inc (ATHN) has been chosen as a vendor for electronic health record (“EHR”) solutions by Wisconsin Health Information Technology Extension Center (“WHITEC”). WHITEC is the designated regional extension center...
5Jul2011 | vitalstocks | 0 comments | Continued(ELP) Companhia Paranaense de Energia Wins Approval for Tariff Adjustment
Companhia Paranaense de Energia (ELP), also known as COPEL, recently announced that the company has been granted approval for an average tariff adjustment of 5.55% by the National Electric Power Agency (ANEEL), Brazil’s Electricity Regulatory Agency. The company also added...
5Jul2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Completes ING Division Purchase
CB Richard Ellis Group, Inc. (CBG) recently announced that it has acquired ING Clarion Real Estate Securities (CRES) from Netherlands-based ING Groep NV (ING). The acquisition was funded by a combination of cash and borrowings under its secured credit facility and the company...
5Jul2011 | vitalstocks | 0 comments | Continued(TEX) Terex Fulfills Minimum Tender Offer
Terex Corp. (TEX) recently announced that the company has successfully achieved the minimum tender condition for Demag Cranes. The company offered €45.50 per share to Demag shareholders, which has exceeded the minimum requirement of 51%. Terex Industrial Holding AG offered...
5Jul2011 | vitalstocks | 0 comments | Continued(FUR) Terreno Realty on Acquisition Spree
Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building each in Carlstadt, New Jersey, and Miami, Florida, for a combined purchase price of $11.7 million. Such continuous acquisition is part of the long-term strategy...
5Jul2011 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide Boosts China Portfolio
White Plains, New York-based Starwood Hotels & Resorts Worldwide Inc (HOT) recently announced its intention of opening seven new Sheraton hotels by the end of September this year, which is in line with the company’s goal of operating100 hotels in China by end of next year. Sheraton...
5Jul2011 | vitalstocks | 0 comments | Continued(IT) IBM Develops New Phase-Change Memory Chips
Information Technology (IT) major, International Business Machines Corp. (IBM) recently announced that their scientists have succeeded in developing chips powered by a relatively new memory technology known as phase-change memory (PCM). The new chips can reliably store multiple...
5Jul2011 | vitalstocks | 0 comments | Continued