Archive for July, 2011
(CMCSA) Viacom Gets ‘Transformers’ Boost
Viacom Inc’s (VIA.B) film division Paramount Picture is set to rock the Hollywood box office this summer with its latest release “Transformers: Dark of the Moon”. The movie has already grossed a whopping $416 million worldwide despite poor reviews from critics....
5Jul2011 | vitalstocks | 0 comments | Continued(SPY) Market Future Tied to The Debt Ceiling Debate
The fundamental backing for the market continues to be solid. It is important to keep your eyes on the prize. There is lots of news out there, and much of it is more dramatic than earnings results, but rarely does it have more significance for your portfolio. Earning are —...
5Jul2011 | vitalstocks | 0 comments | Continued(WFR) MEMC Electronic Materials Deal Terminated by Suntech Power Holding
A leading provider of semiconductor and solar chips, MEMC Electronic Materials Inc. (WFR) recently announced the termination of the solar wafer supply agreement between its Singapore unit and Suntech Power Holding Co. Ltd. (STP). MEMC will receive a handsome $120.0 million from...
5Jul2011 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly Provides Research and Development Update
Eli Lilly and Company (LLY) recently provided an insight into its research and development (R&D) plans and mid-term guidance at a meeting with the investment community. The company outlined its plans for combating the impact of the patent expiration of several key products....
5Jul2011 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Acquires Packaging Business
Sonoco Products Co. (SON) through its wholly owned subsidiary in the UK, recently concluded the acquisition of Robinson Paperboard Packaging Ltd., a division of Robinson PLC. The world’s largest producer of paperboard cans, Sonoco acquired customer contracts along with other...
5Jul2011 | vitalstocks | 0 comments | Continued(SNI) Scripps Networks Interactive Announces Share Repurchase
Lifestyle media company Scripps Networks Interactive Inc. (SNI) recently initiated a share repurchase plan. The Board of Directors of Scripps networks have authorized the buyback of $1 billion of its common outstanding shares. According to the plan, the company has already bought...
5Jul2011 | vitalstocks | 0 comments | Continued(AAPL) A Twist in Apple and Samsung Tale
The patent litigation between Apple Inc. (AAPL) and Samsung Electronic Co. took a new turn when the US-based company asked the U.S. District Court in San Jose, California to issue a preliminary injunction against Samsung for infringing three Apple design patents and one utility...
5Jul2011 | vitalstocks | 0 comments | Continued(MHP) McGraw-Hill Acquires SSB Group
Platts, a business division of The McGraw-Hill Companies Inc. (MHP), recently announced the completion of the buyout of Steel Business Briefing Group (SBB Group), a U.K.based leading information provider of pricing and analytics to the global steel market. However, the financial...
5Jul2011 | vitalstocks | 0 comments | Continued(PRX) Par Pharmaceutical Restructures Branded Business
Par Pharmaceutical Companies, Inc. (PRX) is in for a strategic assessment as it announced restructuring plans for its branded drugs segment, Strativa Pharmaceuticals. The company will reduce its workforce by about 100 people as a result of the restructuring, which is expected...
5Jul2011 | vitalstocks | 0 comments | Continued(AKS) AK Steel Holding Adds Surcharge
AK Steel Holding Corporation (AKS) added a surcharge of $455 per ton for a broad range of stainless steel products it produces. This surcharge will be reflected in the invoices of electrical steel products shipped in August 2011. The surcharge is calculated based on reported...
5Jul2011 | vitalstocks | 0 comments | Continued(DISH) Google and Microsoft Eye Tivo
After the $500 million settlement with Dish Network Corp. (DISH) and EchoStar Corp. (SATS), Tivo Inc. (TIVO) is on the take over radar of multiple companies such as Google Inc. (GOOG), Microsoft Corp. (MSFT) and Rovi Corp. (ROVI), as reported by Bloomberg. Bloomberg has estimated...
5Jul2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for July 5, 2011 – Corporate Summary
• Eastman Kodak Co. (NYSE:EK) received a mixed ruling from the U.S. International Trade Commission on its patent infringement suit against Research In Motion Limited (NASDAQ:RIMM) and Apple Inc. (NASDAQ:AAPL) • Darden Restaurants, Inc. (NYSE:DRI) reported fourth...
5Jul2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for July 5, 2011 – Market News
Markets skyrocketed to post their best weekly performance in two years as investor sentiment was bolstered by optimistic economic reports that somewhat washed out fears of a sluggish economic recovery. The Dow, in particular, had a great run, collecting 648 points over the week....
5Jul2011 | vitalstocks | 0 comments | Continued(CTSH) Cognizant Technologies Funds IT Program
Leading IT services provider Cognizant Technologies (CTSH) joined up with New-York based NPower, an organization which connects other non profit organizations to the best and most affordable IT through a range of managed services, consulting and skilled IT volunteer programs,...
5Jul2011 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Enters New Joint Venture
Jacobs Engineering Group Inc. (JEC) entered into a joint venture with AMEC and Costain to provide waste retrieval, processing and filling services. The joint venture will serve Magnox Limited at eight of their nuclear power station sites across the UK. Under the contract, the...
5Jul2011 | vitalstocks | 0 comments | Continued(HAL) Halliburton Earns Near-Term Bullish Opinion
Shares of Halliburton Co. (HAL) are currently trading close to its 52-week high of $51.45. The second-largest member of the oilfield services contingent behind Schlumberger Ltd. (SLB) has seen its share price climb approximately 25% since the beginning of the year, as investors...
5Jul2011 | vitalstocks | 0 comments | Continued(CNO) CNO Financial Group Financial Buys Back Shares
CNO Financial Group Inc. (CNO) had spent $16.2 million to buy back 2.2 million shares in the second quarter of 2011. The shares repurchased were made under the repurchase program announced on May 16, 2011. The buyback equals approximately 0.9% of the total outstanding shares...
5Jul2011 | vitalstocks | 0 comments | Continued(AXL) American Axle and Manufacturing Closing Detroit Plant
American Axle and Manufacturing Inc. (AXL) plans to close its manufacturing facility in Detroit as communication with the United Auto Workers (UAW) union broke down. The parties had disagreement over the reduction of compensation for the workers from $45 an hour to $30 an hour....
5Jul2011 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Unveils Advanced System
Oilfield services provider Baker Hughes (BHI) has launched a new wellbore clean-up and displacement system. This will be utilized to ensure equipment efficiency as well as minimum hazards while operating in high-cost environments such as deepwater applications; horizontal, extended-reach,...
5Jul2011 | vitalstocks | 0 comments | Continued(NVO) Novo Nordisk Presents Late Stage Degludec Data
Recently, Novo Nordisk (NVO) presented data from late stage trials, which showed that its ultra-long acting insulin Degludec lowered blood glucose levels with significantly reduced risk of hypoglycemia (low blood sugar) versus Sanofi Aventis’(SNY) Lantus in patients with type...
5Jul2011 | vitalstocks | 0 comments | Continued(RAD) Rite Aid Corporation Reports Marginal Rise in Same Store Sales
Leading drugstore chain operator Rite Aid Corporation (RAD) reported a marginal increase of 1.8% in same-store sales for the four weeks ended June 25, 2011. Results improved somewhat from a growth of 1.3% in May 2011. For the month of June, front-end same-store sales increased...
5Jul2011 | vitalstocks | 0 comments | Continued(SJR) Shaw Communications Secures Assets
Shaw Communications Inc. (SJR) recently gained full control over the assets of Sun Country Cablevision Ltd. and its affiliated companies Armstrong Cablecom Ltd. and Enderby Cablecom Ltd. Sun Country started offering its service in 1984. Its services include high-speed internet...
5Jul2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Plant to Create 200 Jobs
Caterpillar Inc. (CAT) intends to develop a plant in Griffin, Georgia, that will create 200 jobs. The company is investing $120 million to upgrade machinery and equipment in the existing facility. Caterpillar Griffin facility assembles engines and generator sets for more than...
5Jul2011 | vitalstocks | 0 comments | Continued(UNH) UnitedHealth Group Spends More on Lobbying
In a bid to lobby the Federal Government, Minnesota-based health insurer UnitedHealth Group (UNH) spent $660,000 during the first quarter of 2011, which was in line with the comparable period last year but up 14% sequentially. Lobbying is an activity usually paid by an interest...
5Jul2011 | vitalstocks | 0 comments | Continued(ENDP) Endo Pharmaceuticals’ Back Pain Drug Disappoints
Endo Pharmaceuticals (ENDP) recently suffered a pipeline setback with its candidate axomadol performing disappointingly in a mid-stage trial (n=236). Top line results from the study revealed that Endo Pharma’s candidate failed to meet the predetermined end points. The randomized,...
5Jul2011 | vitalstocks | 0 comments | Continued(FUR) Terreno Realty Purchases Savage, Maryland Property
Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building in Savage, Maryland, for approximately $7.5 million. The acquisition is part of the long-term strategy of the company to continue owning functional and flexible...
5Jul2011 | vitalstocks | 0 comments | Continued(VPRT) Vistaprint Wins Patent Suit
Netherlands-based Vistaprint N.V (VPRT) recently announced that its Bermuda-based subsidiary Vistaprint Limited has won the pending patent violation lawsuit against its rival ColorQuick LLC. Patent is an exclusive intellectual property right of the inventor, which prevents others...
5Jul2011 | vitalstocks | 0 comments | Continued(CRDC) Cardica Reports Progress For Microcutter XPRESS Surgical Cutting and Stapling Device
Surgical devices maker Cardica Inc (CRDC) has reportedly completed the key internal design verification process necessary for applying the European CE Mark to its Microcutter XPRESS 30 surgical cutting and stapling device. Cardica’s internal verification process is aimed at...
5Jul2011 | vitalstocks | 0 comments | Continued(RBC) Regal Beloit to Replace Credit Facility
Regal Beloit Corporation (RBC) recently completed its $500 million five-year unsecured revolving credit facility for general corporate purposes. This new facility will replace the previous credit facility of $500 million, which is due to expire in April 2012. Under the previous...
5Jul2011 | vitalstocks | 0 comments | Continued(BLL) Ball Expands Antenna Center
The Aerospace and Technologies wing of Ball Corporation (BLL), Ball Aerospace & Technologies Corp. opened its $14.6 million expanded manufacturing center in Westminster, CO. The expansion has been made with the sole objective of increasing productivity which is likely to...
5Jul2011 | vitalstocks | 0 comments | Continued