Archive for September, 2011
(S) Sprint-Nextel Rolls Out Google Wallet
Sprint Nextel Corp. (S) has introduced Google (GOOG) Wallet, a mobile payment service on its Samsung Nexus S 4G smartphones. Notably, Sprint is first U.S. carrier to deploy this application. Users can avail of this payment option by downloading the latest version of the Android...
20Sep2011 | vitalstocks | 0 comments | Continued(NVS) Novartis Drug Cleared in European Union for SEGA
Novartis (NVS) recently received a boost when its drug Votubia was approved for the treatment of subependymal giant cell astrocytomas (SEGA), a benign brain tumor associated with tuberous sclerosis (TS) in the European Union (EU). For the first time ever will such a medication...
20Sep2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Records High Third Quarter CAT Loss
Yesterday, Hartford Financial Services Group Inc. (HIG) announced that the devastation caused by Hurricane Irene will lead to substantially high catastrophe (CAT) losses in the third quarter of 2011. The pre-tax catastrophe losses for July and August are expected to be within...
20Sep2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Announces It Splits Business
Netflix Inc. (NFLX) recently announced that the company is in the process of splitting its business into two separate entities. Netflix will be carving out the DVD-by-mail business into a wholly owned subsidiary, which will be called Qwikster, while the streaming-only business...
20Sep2011 | vitalstocks | 0 comments | Continued(VVUS) Vivus’ Erectile Dysfunction Drug Presents Positive Data
Vivus Inc. (VVUS) recently presented positive data from a late-stage trial on its erectile dysfunction (ED) candidate, avanafil, at the 47th European Association for the Study of Diabetes Annual Meeting. The REVIEW-Diabetes study (TA-302), which enrolled 390 patients with type...
20Sep2011 | vitalstocks | 0 comments | Continued(BA) Company News for September 20, 2011 – Corporate Summary
• Shares of Boeing Inc. (NYSE:BA) declined by more than 1.8% after the airline maker said it was unable to deliver its first 747-8 freighter because of issues with its Luxemborg-based customer Cargolux • Shares prices of Cabot Corp.(NYSE:CBT) fell 5.65% after...
20Sep2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for September 20, 2011 – Market News
Pessimism and optimism over Greece’s debt woes guided the markets throughout Monday’s session, which finally saw benchmarks limiting their losses to inch down roughly by a percent. Initially, investors’ fears about Greece failing to prevent a debt default dragged the markets...
20Sep2011 | vitalstocks | 0 comments | Continued(BA) Boeing Awarded $1.09 Billion Air Force Contract
The Boeing Company (BA) received a $1.09 billion contract modification from the U.S. Air Force. The contract modification is for the existing Block II follow-on contract for full production, launch and on-orbit activation of the seventh Wideband Global SATCOM (“WGS”) satellite...
19Sep2011 | vitalstocks | 0 comments | Continued(SOL) ReneSola Announces Share Buyback
Leading global manufacturer of solar products, ReneSola Ltd. (SOL), announced that the company repurchased 645,424 of its outstanding ordinary American Depositary Shares (“ADSs”). Earlier in August 2011, ReneSola had announced a repurchase program of $100 million...
19Sep2011 | vitalstocks | 0 comments | Continued(LM) Legg Mason’s August AUM Plunges Assets Under Management
Baltimore-based Legg Mason Inc. (LM) experienced a decline in its assets under management (AUM) in August on a sequential basis. This was preceded by a drop in both July and June. Preliminary month-end AUM came in at $643.4 billion, down 1.8% from $655.4 billion at the end of...
19Sep2011 | vitalstocks | 0 comments | Continued(NCR) NCR Corporation Wins Weilbaecher Point of Sale Order
NCR Corporation (NCR), the Automated Tailor Machine (ATM) and Point of Sale (POS) service provider, recently revealed that Weilbaecher Enterprises, a Popeye’s Louisiana Kitchen franchisee, has deployed 25 NCR RealPOS point-of-sale (POS) terminals, running Documentor POS software,...
19Sep2011 | vitalstocks | 0 comments | Continued(NDAQ) NASDAQ OMX Group to Initiate Capital Plan – Share Buyback
Yesterday, Reuters reported that NASDAQ OMX Group Inc. (NDAQ) plans to adopt a new capital plan in the beginning of the fourth quarter of 2011. Accordingly, the company intends to buyback more shares in the coming period, given the sharp price declines in the stock market. The...
19Sep2011 | vitalstocks | 0 comments | Continued(AIR) AAR Corporation Wins Cargo Systems Contract
AAR Corp. (AIR) has recently been selected by EADS EFW to manufacture main deck cargo loading systems for its Airbus A300-600 & A310-300 freighter conversion program. The financial terms of the deal have not yet been disclosed. AAR Cargo Systems holds FAA certifications for...
19Sep2011 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club Opens in Northborough, Massachusetts
BJ’s Wholesale Club Inc. (BJ), in an attempt to expand its operational roots, is all set to serve the residents of Northborough, Massachusetts by opening a new store and providing them an avenue to generate savings on groceries and general merchandise. The new 120,000-square-foot...
19Sep2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Real Estate Foreclosure Activity Rises in August 2011
According to the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in August rose 7% from the prior month with 228,098 properties issued notices of default, auction or repossession during the month. However, this is still...
19Sep2011 | vitalstocks | 0 comments | Continued(VPHM) ViroPharma and Halozyme Therapeutics Begin Trial
ViroPharma Inc. (VPHM) and its partner Halozyme Therapeutics (HALO) recently announced the initiation of a mid-stage trial on its drug Cinryze. The phase II study is designed to evaluate the safety, and pharmacokinetics and pharmacodynamics of the subcutaneous formulation of...
19Sep2011 | vitalstocks | 0 comments | Continued(UBS) U.S. Economy – Inflation – Jobs – Manufacturing
We have a range of economic data on tap today, from Jobless Claims and CPI to Industrial Production and regional manufacturing surveys. Europe will also be not far from investors’ mind, though the tone of recent headlines out of Europe has softened a bit. Some of the more...
19Sep2011 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours Wins Kevlar Case
US chemical giant EI DuPont de Nemours & Co. (DD) has won a civil lawsuit for $919.9 million in the U.S. District Court for the Eastern District of Virginia in Richmond, Va., against Kolon Industries, with the jury finding that Kolon stole trade secrets and confidential information...
19Sep2011 | vitalstocks | 0 comments | Continued(NVO) Novo Nordisk Data Presented at European Association for the Study of Diabetes
Novo Nordisk (NVO) recently presented data from two trials of its lead diabetes drug, Victoza, at the European Association for the Study of Diabetes (EASD). The first trial showed that using Victoza at an early stage in diabetes treatment of patients with type II diabetes, who...
19Sep2011 | vitalstocks | 0 comments | Continued(APOL) Apollo Group Closes Carnegie Acquisition
In a recent development, the Phoenix based private education provider, Apollo Group Inc. (APOL), has completed the acquisition of Downtown based math curricula publisher, Carnegie Learning plc, Business Journal reported. The deal is expected to boost students’ retention...
19Sep2011 | vitalstocks | 0 comments | Continued(CCE) Coca-Cola Enterprises Business Update
Coca-Cola Enterprises Inc. (CCE) in a business update reaffirmed its fiscal 2011 guidance and targets for the long term while also announcing its share repurchase plan. Coca Cola Enterprises reaffirms that it will continue to expect to earn in the range of $2.10 to $2.15 in...
19Sep2011 | vitalstocks | 0 comments | Continued(XOM) Cold Hard Profits on the Roof of the World
by Carl Delfeld, Global Equities & Emerging Markets Specialist, Investment U Thursday, September 15, 2011: Issue #1601 I have visited some crazy places in search of investment opportunities, but the Arctic Circle was not at the top of my list. After all, doesn’t the average...
19Sep2011 | InvestmentU | 0 comments | Continued(WHR) Is Your Refrigerator Burning Too Much Coal?
by David Fessler, Investment U Senior Analyst Thursday, September 15, 2011: Issue #1601 I’m talking metaphorically, of course. The answer is: It depends on how old it is. I’ve written a number of articles on energy efficiency. Hands down, it’s simply the easiest, most cost-effective...
19Sep2011 | InvestmentU | 0 comments | Continued(BHP) Mining Companies Driving Bullish Sentiment in Australia
by Justin Dove, Investment U Research Thursday, September 15, 2011 As precious metal and rare earth prices remain high, so do the margins for mining companies. Thus, companies such as BHP Billiton (NYSE: BHP) and Lynas Corp. (OTC: LYSCF.PK) stand to spend plenty on increasing...
19Sep2011 | InvestmentU | 0 comments | Continued(BGS) 17 Rare Earth Elements? The Number is Actually 52
by David Fessler, Investment U Senior Analyst Thursday, September 15, 2011 At least according to a new list published by the British Geological Survey (BGS). These include the standard list of 17 Rare Earth Elements, 97% of which are produced in China. However, the list also...
19Sep2011 | InvestmentU | 0 comments | Continued(SUN) Sunoco Upgraded to Neutral
Following Sunoco Inc’s (SUN) announcement to exit the refining business, we have upgraded the Philadelphia, Pennsylvania-based downstream operator’s shares to Neutral from Underperform. Last week, Sunoco came out with plans to get rid of its East Coast-based facilities that...
19Sep2011 | vitalstocks | 0 comments | Continued(TYC) Greece Economic Crises Fears Return
Renewed Greece-related headlines are expected to come in the way of the budding stock market rally. Stocks gained almost 5% last week as some of the more dire scenarios about Europe lost ground following concerted actions by global central banks, including the U.S. Fed, to prop...
19Sep2011 | vitalstocks | 0 comments | Continued(RNR) RenaissanceRe Holdings Analyst Maintains Neutral on Shares
We reiterated our ‘Neutral’ recommendation on RenaissanceRe Holdings Ltd. (RNR) based on the company’s earning prospects and the increasing challenges it faces in its investment portfolio. RenaissanceRe reported a second quarter operating loss of 21 cents per share, as...
19Sep2011 | vitalstocks | 0 comments | Continued(ORCL) Oracle Corporation 2012 First Quarter Earnings Preview
Oracle Corp. (ORCL) is set to release its first quarter 2012 results on Sept 20, 2011, after the closing bell. In the run up to the earnings results, we do not notice any substantial movement in analysts’ estimates for the quarter. Looking Back at 4Q11 Oracle reported robust...
19Sep2011 | vitalstocks | 0 comments | Continued(BNHN) Benihana Sales Increase After Being Hurt by Hurricane Irene
Benihana Inc (BNHN), the largest operator of Japanese restaurants in the U.S, posted restaurant sales of $24.9 million in the four-week period ending September 11, 2012, up 5.6% from $23.5 million delivered in the year-ago period. The company’s comparable restaurant sales grew...
19Sep2011 | vitalstocks | 0 comments | Continued