Archive for July, 2011
(ARW) Arrow Electronics’ BeMicro Adds Motor Control
Arrow Electronics (ARW) has recently expanded its BeMicro SDK (Software Development Kit) platform to BeMicro SDK Motor Control kit, supporting the development of a motor-control design within a single Field-programmable Gate Array (FPGA) device. BeMicro SDK uses the USB stick...
8Jul2011 | vitalstocks | 0 comments | Continued(LPS) Lender Processing Services CEO Resigns
Lender Processing Services Inc (LPS), a provider of integrated technology and outsourced services to the mortgage lending industry in the United States, recently announced that its Chief Executive Officer (CEO) and President Jeffrey S. Carbiener has stepped down citing health...
8Jul2011 | vitalstocks | 0 comments | Continued(STO) Statoil ASA and FMC Technologies in $43M Workover Deal
Statoil ASA (STO) has awarded a $43 million contract to FMC Technologies Inc. (FTI) in order to support workover operations at four fast-track fields in the North Sea. This goes to show the effort that the company is making to increase productivity in the North Sea region. As...
8Jul2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor to Upgrade Canada Plants
Toyota Motor Corp. (TM), along with the government of Canada, plans to invest C$545 million ($567.7 million) to upgrade its two assembly plants in Ontario. The Canadian federal government and the Ontario government will each invest C$70.8 million ($73.7 million) in the plants...
8Jul2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Analyst Stays Neutral
We have reiterated our Neutral recommendation on PNC Financial Services Group Inc. (PNC). The reaffirmation follows a detailed analysis of the company’s fundamentals, its strengths, opportunities, weaknesses and recent acquisitions sprees as well as the current economic environment. PNC...
8Jul2011 | vitalstocks | 0 comments | Continued(DOW) The Dow Chemical Company in Joint Venture with Ube Industries
The largest U.S. chemicals manufacturer, The Dow Chemical Company (DOW) and Japanese chemical company Ube Industries Ltd. entered into a joint venture to capitalize on the growing demand for lithium-ion batteries and expand its alternative energy offerings. The Midland, MI-based...
8Jul2011 | vitalstocks | 0 comments | Continued(HCBK) Hudson City Bancorp – Bear of the Day
We are downgrading our recommendation on Hudson City Bancorp (HCBK) to Underperform. It reported a loss on a GAAP basis in the first quarter of 2011 for the completion of the balance sheet restructuring during the quarter. Lower interest and dividend income, and increased non-interest...
8Jul2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network Bags TerreStar
DISH Network Corp. (DISH), the second largest satellite TV operator in the U.S., yesterday received court approval to acquire currently bankrupt TerreStar Networks Inc., which offers wireless services over a satellite network. TerreStar was up for sale after it filed for bankruptcy...
8Jul2011 | vitalstocks | 0 comments | Continued(FMD) First Marblehead Corporation: Fine-Tuning Operations
Ann Heffron, CFA X First Marblehead Corporation, (FMD) has made several announcements over the past week that indicate it continues to fine-tune its operations as the Company forges ahead in its turn-around bid. In the first of these on June 30, FMD announced the completion...
8Jul2011 | vitalstocks | 0 comments | Continued(ACAS) American Capital Analyst Stays Neutral on Shares
We maintain our Neutral recommendation on American Capital Ltd. (ACAS) as first-quarter 2011 earnings outpaced the Zacks Consensus Estimate. The results were also ahead of the prior-year quarter’s earnings. In May, American Capital reported first-quarter 2011 operating earnings...
8Jul2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Wins Contract in Argentina
A subsidiary of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group received a contract in Argentina for delayed coker heater from YPF S.A. The company will be providing engineering, equipment supply and supervision to construction and start-up services for...
8Jul2011 | vitalstocks | 0 comments | Continued(EXM) Excel Maritime Carriers Improves Time Charter Contract
Excel Maritime Carriers Ltd. (EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 1-year time charter agreement with the first class European...
8Jul2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Entangled in Legal Dispute
The legal tussle between Watson Pharmaceuticals Inc. (WPI) and Shire plc (SHPGY) intensified, with the latter filing a patent infringement case against Watson Pharma relating to Vyvanse. Vyvanse is indicated for the treatment of attention deficit hyperactivity disorder (ADHD)...
8Jul2011 | vitalstocks | 0 comments | Continued(AA) Employment Numbers Stink – Bureau of Labor Statistics
Wow — this is a big miss. With analysts expecting 125,000 new jobs created in the the month of June, the Bureau of Labor Statistics (BLS) has just released the June nonfarm payroll numbers: a whopping total of 18,000 new jobs. This is also a surprise considering yesterday’s...
8Jul2011 | vitalstocks | 0 comments | Continued(CE) Celanese to Increase Product Prices
Effective August 1, 2011, specialty materials company, Celanese Corporation’s (CE) subsidiary Celanese EVA Performance Polymers Inc., will increase the price of all grades of Ateva EVA by $0.08 per pound and all grades of LDPE by $0.06 per pound. Last month, Celanese reported...
8Jul2011 | vitalstocks | 0 comments | Continued(LTD) Limited Brands Posts Impressive Sales Results
Limited Brands Inc. (LTD), a specialty retailer of women’s intimate and other apparel, beauty and personal care products recently posted impressive sales results for the five-week period ended July 02, 2011 on the heels of healthy sales at its Victoria’s Secret Stores...
8Jul2011 | vitalstocks | 0 comments | Continued(LEN) Lennar Buys Distressed Debt
Lennar Corp. (LEN) recently acquired the distressed debt on the Century Grand project in Doral through one of its affiliates named Flordade LLC. State. The mortgaged property, which was purchased for an undisclosed sum, spans almost 153 acres of the Century Grand project. Before...
8Jul2011 | vitalstocks | 0 comments | Continued(BONT) Bon-Ton Stores’ June Sales Drop
Bon-Ton Stores Inc. (BONT) reported total sales of $240.8 million in June 2011, which declined 1.5% from $244.4 million in June 2010. The company’s comparable store sales also inched down 0.9% in the same period. The decline was primarily due to sluggish sales in the beginning...
8Jul2011 | vitalstocks | 0 comments | Continued(CVS) CVS Caremark Corporation Study to Lower Treatment Costs
The leading provider of prescriptions and related health care services in the US, CVS Caremark Corporation (CVS) along with researchers from Harvard and Brigham universities and Women’s Hospital recently stated that the extensive use of generic medicines for the treatment...
8Jul2011 | vitalstocks | 0 comments | Continued(SMP) Standard Motor Products – Bull of the Day
Standard Motor Products (SMP) enjoys strong brand recognition worldwide. Successful R&D and perfect strategic acquisitions have helped the company enrich its product portfolio and maintain a broad customer base. Standard Motor’s recently amended credit agreement with...
8Jul2011 | vitalstocks | 0 comments | Continued(AN) AutoNation’s June Sales Rise 3%
AutoNation Inc. (AN), the largest automotive retailer in the U.S., is about twice the size of its nearest competitor. It recently announced its sales results for June 2011. The company’s retail new vehicle unit sales for the month amounted to 16,564, an increase of 3% from...
8Jul2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for July 8, 2011 – Market News
On Thursday, positive jobs and retail reports lifted investor sentiment and subsequently boosted the benchmarks which edged closer to 2011 highs. Nonetheless, volumes remained tight as investors anxiously await crucial non-farm payroll data from the government. The Dow Jones...
8Jul2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts to Launch Burnout CRASH
Electronic Arts Inc.(ERTS), popularly known as EA, in association with Criterion Games, has come up with Burnout CRASH, the latest offering from the Burnout series. The game is expected to hit the markets in the fall of 2011. Criterion Games, an Electronic Arts studio, is the...
8Jul2011 | vitalstocks | 0 comments | Continued(SNE) Video Game Spending Outlook 2011
Market research firm Gartner recently reported that the video game industry is poised for strong growth in 2011. The market research firm expects the video game industry to grow 10.4% to $74.4 billion from the 2010 level of $67.0 billion. Gartner estimates that software spending...
8Jul2011 | vitalstocks | 0 comments | Continued(APAC) Company News for July 8, 2011 – Corporate Summary
• Shares of APAC Customer Services, Inc. (NASDAQ:APAC) rose 55.15% after OneEquity Partners, the investment arm of JPMorgan (NYSE:JPM), disclosed it was buying the company for $8.55 per share. • Chip equipment-maker KLA-Tencor Corp’s. (NASDAQ:KLAC) shares...
8Jul2011 | vitalstocks | 0 comments | Continued(LYB) LyondellBasel Industries Retains Buy Rating From ValuEngine.com
LyondellBasell Industries AF S.C.A is a manufacture of chemicals and derivatives. It also operates as a refiner of heavy high-sulfur crude oil produce and is engaged in the marketing and selling of polyolefins, polypropylene and polyethylene resins. LyondellBasell Industries...
7Jul2011 | valuengine | 0 comments | Continued(F) How to Better Read Earnings Reports
Earnings season will soon be upon us again. What the market will be looking for are those companies that come in with higher-than-expected earnings to reward, and for those firms that disappoint to punish. However, there will be cases where one company beats by a small amount,...
7Jul2011 | vitalstocks | 0 comments | Continued(APOL) Apollo Group Third Quarter 2011 Earnings Scorecard
Apollo Group Inc. (APOL), one of the world’s largest private education providers, posted its third-quarter 2011 results. Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate...
7Jul2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial-FIA Credit Card Services Deal Closes
Birmingham-based Regions Bank, a unit of Regions Financial Corp. (RF) has completed the purchase of the credit card portfolio of $1 billion from FIA Card Services, a subsidiary of Bank of America Corporation (BAC), effective June 30, 2011. The terms of the deal were not disclosed. Last...
7Jul2011 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum to Sell Midstream Assets
Anadarko Petroleum Corporation (APC) said it has agreed to sell its Bison gas facility and related assets in Powder River Basin to Western Gas Partners L.P. (AES) for $130 million. Following the acquisition, Western Gas will have 100% ownership interest in the Bison assets. The...
7Jul2011 | vitalstocks | 0 comments | Continued