Archive for December, 2011
(OPTR) Optimer Pharmaceuticals Dificlir Cleared in European Union
Optimer Pharmaceuticals, Inc. (OPTR) and partner Astellas Pharma recently announced that their antibiotic Dificlir received approval in the European Union (EU), not belying expectations. The European Medicines Agency (EMA) cleared Dificlir for the treatment of clostridium difficile-associated...
15Dec2011 | vitalstocks | 0 comments | Continued(PERY) Perry Ellis International Pumps Up Share Buyback
Perry Ellis International Inc. (PERY) recently approved a $20 million extension of its stock repurchase program, thereby maintaining the trend of returning wealth to its shareholders from time to time, depending on market conditions. This program now authorizes the company to...
15Dec2011 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble and Siemens Extend Ties
Procter & Gamble Company (PG) gets to deepen its ties with Siemens AG (SI), as the latter confirmed the extension of providing a wide array of software to the leading fast moving consumer goods manufacturer. It will be Siemens Industry Automation Division’s business unit,...
15Dec2011 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Moved Down to Neutral
We recently downgraded our rating on Optimer Pharmaceuticals Inc. (OPTR) to Neutral from Outperform as we await more visibility on how the commercial launch of its sole marketed antibiotic Dificid (fidaxomicin) takes shape. Optimer launched Dificid in July 2011 in the US for...
14Dec2011 | vitalstocks | 0 comments | Continued(STJ) Christmas Gift for the Ailing Heart
Wilson Greatbatch, the self-professed “humble tinkerer” and a trailblazer in medical technology, invented the first implantable cardiac pacemaker in 1958 which kept the rhythm of millions of heartbeats and preserved countless lives across the planet. A couple of decades...
14Dec2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Grows Indian Connection
Caterpillar Inc. (CAT) is planning to invest $212 million in India to meet the increasing demand for its products due to road construction and overall infrastructure boom in the country. The plan includes building a new $150 million engine manufacturing facility in India that...
14Dec2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Company Gets Nod for Missile Upgrade
Raytheon Company (RTN) has received consent from the U.S. Congressional and State Department for upgrading the Patriot Air and Missile Defense System for the Kingdom of Saudi Arabia to the latest Configuration-3. In June this year, the company had received a Direct Commercial...
14Dec2011 | vitalstocks | 0 comments | Continued(KR) Kroger Beats Expectations – Lifts Outlook
The Kroger Company (KR), one of the largest grocery retailers, recently posted better-than-expected third-quarter 2011 results, thereby prompting management to raise its fiscal 2011 earnings guidance. The quarterly earnings of 33 cents a share beat the Zacks Consensus Estimate...
14Dec2011 | vitalstocks | 0 comments | Continued(NYX) NYSE Euronext to Close SecFinex
Yesterday, Financial Times reported that NYSE Euronext Inc. (NYX) is mulling the closure of its European securities lending platform unit – SecFinex – in order to merge itself successfully with Frankfurt-based Deutsche Boerse, as proposed earlier this year. Based in London...
14Dec2011 | vitalstocks | 0 comments | Continued(BMRN) BioMarin Pharmaceutical Reports Pipeline Progress
Recently, BioMarin Pharmaceutical Inc. (BMRN) commenced a mid-stage study of its pipeline candidate GALNS (N-acetylgalactosamine 6-sulfatase) in children suffering from mucopolysaccharidosis IVA (MPS IVA), a rare genetic enzyme deficiency disorder. The company intends to evaluate...
14Dec2011 | vitalstocks | 0 comments | Continued(SNPS) Synopsys Reports Decent Fourth Quarter
Synopsys Inc. (SNPS) reported fourth quarter 2011 earnings per share (EPS) of 37 cents, missing the Zacks Consensus Estimate of 45 cents per share, but surpassed the 4Q10 EPS of 31 cents. The company was able to drive sales, while keeping expenses under control. Share prices...
14Dec2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network Analysts Remain Neutral on Shares
DISH Network Corp. (DISH) reported third quarter 2011 financial results, where the bottom line exceeded the Zacks Consensus Estimate but the top line fell short of the same. Higher revenue was mainly attributable to an increase in subscriber related revenue and contribution from...
14Dec2011 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company Loses Some Sparkle
Tiffany & Company (TIF) lost a little shine due to sluggish sales witnessed in the Eastern U.S. and Europe that highlighted its vulnerability to the turbulent and dwindling economy. Coming to the facts, we observe that sales in Europe climbed 19% during the third quarter...
14Dec2011 | vitalstocks | 0 comments | Continued(BWA) BorgWarner to Sell Tire Pressure Business
BorgWarner Inc. (BWA) plans to sell its tire pressure monitoring business to Germany-based Huf Electronics GmbH as it diverts its attention to powertrain technologies. The sale includes a manufacturing facility in Bretten, Germany that employs 230 people. BorgWarner acquired...
14Dec2011 | vitalstocks | 0 comments | Continued(ACN) Accenture Health Care Virtually Through AT&T
Accenture plc (ACN) is reportedly unveiling a new cloud-based solution targeting the health care industry. The comprehensive technical and management solutions provider also mentioned that the new offering will be made available virtually through AT&T Inc.’s (T) data centers....
14Dec2011 | vitalstocks | 0 comments | Continued(OMCL) Omnicell Analyst Reaffirms Shares at Neutral
We recently reiterated our Neutral recommendation on Omnicell (OMCL) with a target price of $17.00. Omnicell reported adjusted EPS of 9 cents in the third quarter of fiscal 2011, beating the Zacks Consensus Estimate by a penny and the year-ago quarter EPS of 4 cents. Revenues...
14Dec2011 | vitalstocks | 0 comments | Continued(FCN) FTI Consulting Analyst Upgrades to Outperform
We have upgraded our rating on Baltimore, Maryland-based FTI Consulting Inc. (FCN), a global business advisory firm, to Outperform from Neutral. The rating was upgraded as FTI’s corporate finance and restructuring service segment, which has been a significant drag on the company’s...
14Dec2011 | vitalstocks | 0 comments | Continued(PAYX) Paychex Mobile App for iPad
Paychex Inc. (PAYX) has introduced a software-as-a-service (SaaS) application that is tailor-made for Apple Inc.’s (AAPL) iPad. We believe that the launch of this product will give the ace payroll, human resource, and benefits outsourcing solutions provider support to fight...
14Dec2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Trims Earnings Outlook
Toyota Motor Corp. (TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain. The automaker expects to record a profit of ¥180 billion ($2.3 billion) for the year,...
14Dec2011 | vitalstocks | 0 comments | Continued(FDI) India Hard-Sells Retail Foreign Direct Investment
As the resistance to foreign direct investment (FDI) in retail gathers storm, the Indian government has decided to take the opposition head on. The government was virtually forced to put the ‘FDI in retail’ policy on hold within days of its announcement. The government has...
14Dec2011 | vitalstocks | 0 comments | Continued(SKM) Don’t Get Trapped by High Dividends
High-dividend stocks are always popular, and why not? When the market is fickle and when it’s difficult to earn steadily from price movement of stocks, a high cash-dividend payer could be a good bet. Cash dividends could return more than what you would have earned had you saved...
14Dec2011 | vitalstocks | 0 comments | Continued(RIMM) Cyber Security Investments For 2012
by Chris Matthai, Investment U Research Tuesday, December 13, 2011 Individuals, businesses and governments are under attack… cyber attack. Collectively, we’ve never faced as many online threats as we do today. Why is so much hacking happening now? The answer is simple: More...
14Dec2011 | InvestmentU | 0 comments | Continued(MCO) Moody’s Follows with Eurozone Warning
Moody’s, a division of Moody’s Corporation (MCO), becomes the second ratings agency to sound a warning after Standard & Poor’s on the failing economic health of the European Union (EU) partly fueled by the indecision of the political class to address the crisis. Although...
14Dec2011 | vitalstocks | 0 comments | Continued(RPM) U.S. Airline Traffic Slows in November
The airline industry needs to figure out ways to counter rising fuel expenses, which is estimated at $178 billion for this year and $198 billion for the next. Fuel will account for 30% of industry costs compared with 13% a decade ago. Despite higher ticket prices and improved...
14Dec2011 | vitalstocks | 0 comments | Continued(SNP) China Petroleum and Chemical Boosts Aussie LNG Stake
China Petroleum and Chemical Corporation (SNP), aka Sinopec has agreed to increase its stake in the Queensland-based Australia Pacific liquefied natural gas (LNG) project by 10%, taking its share to 25%. The multibillion Australia Pacific LNG project – formed by Origin Energy...
14Dec2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Beefs Up Atlanta Portfolio
PNC Financial Services Group Inc. (PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Flagstar Bank sold the leases associated with the branches...
14Dec2011 | vitalstocks | 0 comments | Continued(BAX) Company News for December 14, 2011 – Corporate Summary
• Best Buy (NYSE:BBY) posted Q3 EPS of $0.47 per share, lower than the Zacks Consensus Estimate of $0.51 per share. Revenue for the quarter rose 2% to come in at $12.1 billion • Share prices of Urban Outfitters (NASDAQ:URBN) rose 5.33% after the apparel retailer...
14Dec2011 | vitalstocks | 0 comments | Continued(CE) Celanese Corporation – Bull of the Day
Celanese Corporation (CE) reported adjusted earnings of $1.27 per share for the third quarter of 2011, beating the Zacks Consensus Estimate of $1.11. Quarterly revenues grew 20% year over year to $1.81 billion, primarily driven by higher pricing across all operating segments...
14Dec2011 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance – ADR – Bear of the Day
China Life Insurance’s (LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment...
14Dec2011 | vitalstocks | 0 comments | Continued(XRT) Stock Market News for December 14, 2011 – Market News
Markets eroded initial gains on Tuesday after it emerged that the Federal Reserve had no new gifts to offer to the economy. The central bank also cautioned that the global financial scenario poses a serious threat for the domestic economy. Additionally, with the pre-holiday rush...
14Dec2011 | vitalstocks | 0 comments | Continued