Daily Markets - GM Files For IPO
Daily Markets - GM Files For IPO |
- GM Files For IPO
- Neutral On Liberty Global
- FDA To Withdraw Shire Drug Approval
- Biogen Strikes Licensing Deal
- NetApp Reports Solid First Quarter
- Applied Grows But Misses
- Merrill Lynch Fined By FINRA
- NiSource Rate Hike Approved
- Weekly Rail Container Volume Highest On Record
- Exxon Barred From Jubilee Field
- Earnings Scorecard: Quicksilver
- PBIO: Q2 Better Than Expected; Price Target Raised To $5.00
- Earning Scorecard: TWC
- Buffalo Wild Wings Grows In Canada
- First Business Stays At Outperform
- ELP Downgraded To Neutral
- Ruby Tuesday Expands In Hawaii
| Posted: 19 Aug 2010 12:05 PM PDT General Motors (MTLQQ) or GM has filed the first batch of paperwork required to hold an initial public offering (IPO) of stock within months. However, the filing did not reveal the exact timing of IPO and the number of shares to be sold under the IPO.
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| Posted: 19 Aug 2010 12:05 PM PDT We upgrade our recommendation for Liberty Global Inc. (NASDAQ:LBTYA) to Neutral based on our assessment that the company's top line may improve in future due to solid growth in Chile and Australia. Liberty Global is the dominant cable operator in these markets, which are relatively less competitive than the mature North American markets.
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| FDA To Withdraw Shire Drug Approval Posted: 19 Aug 2010 12:05 PM PDT The US Food and Drug Administration (FDA) recently announced that it plans to withdraw the approval of Shire plc's (NASDAQ:SHPGY) ProAmatine. The drug is used to treat low blood pressure (orthostatic hypotension). The drug was approved under the FDA's accelerated approval program, under which companies are required to conduct post-approval studies of the drug in order to confirm its benefits. The regulatory body noted that since the time of the approval of ProAmatine, neither Shire nor the … [visit site to read more]
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| Posted: 19 Aug 2010 11:35 AM PDT Biogen Idec (NASDAQ:BIIB) recently entered into an exclusive licensing agreement with Knopp Neurosciences for the development and commercialization of KNS-760704 for the treatment of amyotrophic lateral sclerosis (ALS) or Lou Gehrig's disease and other potential indications.
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| NetApp Reports Solid First Quarter Posted: 19 Aug 2010 11:35 AM PDT
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| Posted: 19 Aug 2010 11:05 AM PDT Applied Materials' (NASDAQ:AMAT) third quarter earnings missed the Zacks Consensus by 8 cents. This was in spite of the revenue beat of 6.1% and mainly on account of a higher-contribution from the loss-making EES unit (even excluding the one-time inventory adjustments, EES segment margins declined 309 bps).
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| Posted: 19 Aug 2010 11:05 AM PDT On Wednesday, Merrill Lynch, a part of Bank of America Corporation (NYSE:BAC), was charged $0.5 million by the Financial Industry Regulatory Authority (FINRA) for failing to provide sales charge discounts to its customers who had purchased unit investment trusts (UITs).
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| Posted: 19 Aug 2010 11:05 AM PDT Diversified utility NiSource Inc. (NYSE:NI) announced that its subsidiary Columbia Gas of Pennsylvania Inc. has reached a settlement with Pennsylvania Public Utility Commission to increase gas rates, which will become effective from October 1, 2010. On January 28, 2010, the company had filed a request with the commission to increase the base rate by $32 million annually. However, the commission approved of a much lower increase in base rate.
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| Weekly Rail Container Volume Highest On Record Posted: 19 Aug 2010 10:51 AM PDT WASHINGTON, D.C. – Aug. 19, 2010 – “The Association of American Railroads (AAR) today reported rail intermodal volume on U.S. railroads for the week ending Aug. 14, 2010 was the highest of 2010, with 233,767 total trailers and containers, up 20.8 percent from the same week in 2009, but down 1.4 percent compared with 2008 (see chart above). Weekly container volume, a subset of intermodal, was the highest on record up 22.4 percent compared with the same week in 2009, and up 6.4 percent with … [visit site to read more]
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| Exxon Barred From Jubilee Field Posted: 19 Aug 2010 10:35 AM PDT ExxonMobil Corp. (NYSE:XOM) stepped back from its decision to buy a stake of Kosmos Energy's Jubilee oil field in Ghana. The deal was for $4 billion. The oil giant was compelled to cancel the deal due to extreme pressure from Ghana government and strong resistance from the state oil company, Ghana National Petroleum Corporation ("GNPC").
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| Earnings Scorecard: Quicksilver Posted: 19 Aug 2010 10:35 AM PDT Quicksilver Resources Inc's (NYSE:KWK) second quarter results on August 9, 2010, came in above expectations primarily on record volumes produced during the quarter. During the quarter, Quicksilver made tremendous progress in strengthening its operations and adding growth opportunities for the future. However, analysts' sentiments on future earnings remain slightly negative due to expectations of higher unit costs, resulting from the company's decision to sell all of its interest in … [visit site to read more]
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| PBIO: Q2 Better Than Expected; Price Target Raised To $5.00 Posted: 19 Aug 2010 10:35 AM PDT On August 17, 2010, Pressure BioSciences, Inc. (NASDAQ:PBIO) reported strong financial results for the three month period ended June 30 2010.
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| Posted: 19 Aug 2010 10:35 AM PDT The second largest cable operator in the United States, Time Warner Cable Inc. (NYSE:TWC) postedexcellent second quarter 2010 financial results, which beat the Zacks Consensus Estimate. The increase was attributable to both the Commercial and Residential Subscription revenues, which grew along with Advertising revenues.
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| Buffalo Wild Wings Grows In Canada Posted: 19 Aug 2010 10:05 AM PDT Buffalo Wild Wings Inc (NASDAQ:BWLD), the casual dining chain recently announced that through its subsidiary BWLD Canada LP, it is planning to expand for the first time outside United States in Canada. As per its expansion plan, the company will open more than 50 company-owned and franchised restaurants in the next 5 years.
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| First Business Stays At Outperform Posted: 19 Aug 2010 10:05 AM PDT We are maintaining our Outperform on First Business Financial Services, Inc. (NASDAQ:FBIZ). Our target price is now $11.50 (down from $12.00 previously), generating a total return of almost 27%. FBIZ posted excellent second quarter diluted EPS of $0.46 (before a $2.7 million writedown of goodwill), up 349% from the $0.10 earned last year. This far exceeded our $0.30 estimate, largely due to favorable variances on the loan loss provision and noninterest expense, as well as a lower-than-expected tax … [visit site to read more]
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| Posted: 19 Aug 2010 10:05 AM PDT We recently downgraded our recommendation for Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, one of the leading Brazilian electricity utilities from Outperform to Neutral.
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| Ruby Tuesday Expands In Hawaii Posted: 19 Aug 2010 10:05 AM PDT Ruby Tuesday Inc (NYSE:RT) announced recently that it is expanding in Hawaii through franchised restaurants. Franchisee RT Hawaii Restaurants Inc. is planning to open three new restaurants in Hawaii, within the next three years with the first one expected to open in June 2011. The possible locations remain undisclosed.
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