Daily Markets - Nordstrom Q2 Meets, Reaffirms |
- Nordstrom Q2 Meets, Reaffirms
- Hanesbrands To Buy Gear For Sports
- Earnings Scorecard- CF Industries
- Celanese To Ramp Up Production
- AES Corp. Buys Premier Power
- Medtronic Completes ATS Acquisition
- NCR Invests In Document Capture
- Agreement For LabCorp
- FDA Warning For Glaxo Drug
- VirtualScopics Turns To Black
- Lockheed Earns $16.6M Navy Contract
- SunPower Posts Lower Sales
- Are IPads Eroding E-Reader Sales?
- Eli Lilly Cuts Revenue Guidance
- Earnings Scorecard: Rowan
- Earnings Scorecard: California Pizza
- Raytheon Gets $90M Order
- Hot Stock News For Friday August 13: Nvidia, BP, Apple, Google, Cisco, Rio Tinto, AIG, Prudential, Barclays
- Earnings Scorecard Blog: Rio Tinto
- Inflation Still Tame
- Northrop Wins Defense Contract
- Concur Unveils New Mobile Strategy
- Dell Making Headway In Schools
- Flat Video Game Sales In July
- TAM Records Loss
- Forex Trading: USDJPY Moves Above Resistance At 86.12-22.
| Posted: 13 Aug 2010 12:05 PM PDT Nordstrom Inc. (NYSE:JWN) posted an earnings growth of 37.5% to 66 cents a share in the second quarter of fiscal 2010 versus 48 cents in the year-ago period. Earnings per share matched the Zacks Consensus Estimate for the quarter. Earnings for the quarter resonated with strong sales and customers' response to its merchandize and services.
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| Hanesbrands To Buy Gear For Sports Posted: 13 Aug 2010 12:05 PM PDT Innerwear maker Hanesbrands Inc. (NYSE:HBI), in an effort to strengthen its Outerwear business, is acquiring privately held, Lenexa-based GearCo Inc. (popularly known as Gear For Sports). The deal is valued at $225 million. The acquisition is expected to close in the fourth quarter of fiscal 2010 and will be immediately accretive to earnings per share (EPS). Hanesbrands will pay $55 million in cash, funded by its free cash flows and assume $170 million in debt. After closing, the … [visit site to read more]
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| Earnings Scorecard- CF Industries Posted: 13 Aug 2010 11:35 AM PDT Fertilizer company CF Industries Holdings Inc. (NYSE:CF) reported second quarter 2010 results that fell short of analysts' expectations. Earnings per share missed the Zacks Consensus Estimate by a significant 65 cents. However, CF's shares rallied on the Terra Industries acquisition, which concluded at the beginning of last month.
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| Celanese To Ramp Up Production Posted: 13 Aug 2010 11:35 AM PDT Celanese Corporation (NYSE:CE), a leading global specialty materials company, is ramping up production at its Wilmington, N.C. plant operated under its Fortron Industries LLC affiliate to match the rising global demand for Fortron® polyphenylene sulfide (PPS). The plant is the largest in the world with an annual capacity of 15,000 tons. Celanese plans to boost production at the facility by the end of the third quarter of 2010.
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| Posted: 13 Aug 2010 11:35 AM PDT Global power company The AES Corporation (NYSE:AES) announced that its subsidiary, AES Ballylumford Holdings Limited, acquired Premier Power Limited (PPL) for £102 million (approximately $160 million), which includes purchase price along with working capital adjustments.
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| Medtronic Completes ATS Acquisition Posted: 13 Aug 2010 11:05 AM PDT Medtronic (NYSE:MDT) completed its acquisition of ATS Medical, which develops, manufactures and markets medical devices needed for cardiovascular surgery. On April 29 2010, Medtronic had decided to acquire ATS Medical for $4.0 per share or $370 million, including its debt burden. ATS Medical is primarily focused on cardiac surgery, including heart valves and cryoablation technology. Moreover, its Open-Pivot bileaflet mechanical and 3f pericardial valve technology, along with CryoMaze family of … [visit site to read more]
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| NCR Invests In Document Capture Posted: 13 Aug 2010 11:05 AM PDT The leading technology and solutions provider for retail and financial service industries, NCR Corp. (NYSE:NCR) recently purchased a $4 million stake in Document Capture Technologies Inc. (DCMT) through a private placement deal at $1.036 per share. Document Capture provides design, development and sale of USB-powered scanning technologies,
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| Posted: 13 Aug 2010 11:05 AM PDT Recently, Laboratory Corporation of America (NYSE:LH) entered into a collaboration agreement with Clearstone Central Laboratories, which provides laboratory services for late-stage clinical trials. LabCorp will get access to Clearstone's laboratories in Belgium, Canada, France and other countries. This agreement will enable LabCorp to access the global clinical trials market.
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| Posted: 13 Aug 2010 10:35 AM PDT The US Food and Drug Administration (FDA) recently issued a warning regarding GlaxoSmithKline's (NYSE:GSK) epilepsy drug, Lamictal. The FDA stated that Lamictal could cause a type of meningitis – aseptic meningitis.
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| Posted: 13 Aug 2010 10:35 AM PDT Medical imaging solution provider VirtualScopics (NASDAQ:VSCP) has swung to profit in second-quarter fiscal 2010 riding on solid top-line growth. The Rochester, New York-based company posted a net income of $0.34 million (or 1 cent a share) in the quarter versus a net loss of $0.41 million (or 2 cents a share) a year-ago.
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| Lockheed Earns $16.6M Navy Contract Posted: 13 Aug 2010 10:35 AM PDT Defense contractor Lockheed Martin Corp. (NYSE:LMT) received a $16.6 million contract from the Naval Air Systems Command (NAVAIR) to develop software for Tactical Tomahawk Weapons Control System (TTWCS) that controls Tomahawk Land Attack Missile. The company also highlighted that the contract value could amount to $50.7 million if the Navy exercises the option to extend it over four years.
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| Posted: 13 Aug 2010 10:05 AM PDT SunPower Corporation (SPWRA) reported second quarter 2010 net loss of $6.2 million or 6 cents per share, compared with a profit of $14.3 million or 15 cents per share in the year-ago quarter. Excluding one-time items, adjusted earnings of SunPower for the reported quarter were $33 million or 15 cents per share, compared with the Zacks Consensus Estimate of a loss of a penny per share. In the year-ago quarter, the company recorded adjusted earnings of $8.4 million or 9 cents per … [visit site to read more]
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| Are IPads Eroding E-Reader Sales? Posted: 13 Aug 2010 10:05 AM PDT The budding e-reader space suddenly sees its work cut out. Apple's (NASDAQ:AAPL) iPad tablet, launched in April this year, is believed to be stealing sales and forcing e-reader makers to slash prices. Even those with a head start are feeling the heat, and with several new entrants flocking into the market, the competition is heating up.
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| Eli Lilly Cuts Revenue Guidance Posted: 13 Aug 2010 10:05 AM PDT Eli Lilly and Company (NYSE:LLY) suffered a blow recently in the form of an unfavorable court ruling in its patent infringement case regarding Strattera. The US District Court for the District of New Jersey ruled that the method-of-use patent protecting Eli Lilly's attention deficit hyperactive disorder (ADHD) drug, Strattera, is invalid. This means that Strattera will face generic competition shortly.
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| Posted: 13 Aug 2010 09:35 AM PDT Following the better-than-expected quarterly results, Rowan Companies Inc. (NYSE:RDC) is optimistic about the prospects for the jackup market this year, citing an uptick in work opportunities, tenders and inquiries. Rowan's premium high specification rig fleet enjoys greater utilization and higher dayrates than most other shallow water fleets. We believe that significant earnings leverage could be achieved with increasing tendering activity. Rowan experienced minimal impact from the Gulf of … [visit site to read more]
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| Earnings Scorecard: California Pizza Posted: 13 Aug 2010 09:35 AM PDT California Pizza Kitchen Inc. (NASDAQ:CPKI), a leading casual dining restaurant chain, reported second quarter 2010 earnings on August 5, 2010. The reported quarter's earnings per share were in line with the Zacks Consensus Estimate of 17 cents per share. Earnings Review California Pizza Kitchen posted second quarter 2010 earnings of 17 cents per share, dropped 32.0% from 25 cents in the prior-year quarter. The pizza restaurant chain said that total revenue for the second quarter plunged 4.6% … [visit site to read more]
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| Posted: 13 Aug 2010 09:35 AM PDT Aerospace and defense contractor Raytheon Co. (NYSE:RTN) received its first task order under the Battle Command Development indefinite-delivery, indefinite-quantity (IDIQ) contract, worth $90 million. Under the contract, Raytheon will provide logistics support for the Battle Command Sustainment Support System (BCS3). The support system aims at facilitating better awareness and faster decision-making for war-fighters. The BCS3 support system is able to handle large volumes of data pertaining to … [visit site to read more]
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| Posted: 13 Aug 2010 09:20 AM PDT British Airways (BAY) - Co. held talks with Unite yesterday, says 'no substantial progress’ has been achieved and says the possibility of further co. strike ballot remains. (Sources) UK BP (NYSE:BP) - Co.’s Russian unit will use USD 1bln of USD 2bln loan to buy the Venezuela assets of BP. (RBK Daily) - Co. may not need relief well to drill into the bottom of its ruptured Gulf of Mexico well if a test shows that cement poured in from the top last week killed the leak. (RTRS) - Co. … [visit site to read more]
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| Earnings Scorecard Blog: Rio Tinto Posted: 13 Aug 2010 09:05 AM PDT Following the interim results of fiscal 2010 on August 5, the analysts' opinions are mixed on Rio Tinto (NYSE:RTP) emanating from the new pricing system, which increased its commodity prices by more than 30% on an average and the huge amount of capital expenditure planned by the company.
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| Posted: 13 Aug 2010 09:05 AM PDT The Consumer Price Index (CPI) rose by 0.3% in July after declining in each of the previous three months. While this was slightly higher than the 0.2% that was expected, it is still a very tame reading. On a year-over-year basis, consumer prices are up just 1.2%. Most of the increase in July was due to higher energy prices; most importantly, higher gasoline prices. Overall energy prices rose by 2.6% in the month, reversing sharp declines in June, May and April. Energy commodities had the … [visit site to read more]
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| Northrop Wins Defense Contract Posted: 13 Aug 2010 09:05 AM PDT Aerospace and defense company Northrop Grumman Corporation (NYSE:NOC) announced that it received A-Mod Mission Service Bus (MSB) Framework (AMBER) contract worth more than $400 million from the U.S Defense department.
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| Concur Unveils New Mobile Strategy Posted: 13 Aug 2010 09:05 AM PDT Concur Technologies Inc. (NASDAQ:CNQR) revealed its next generation mobile solution for travel and expense management of employees. The new technology, unveiled at the NBTA convention at Houston, enhances the travel and expense management flexibility of the mobile work force. With this next generation mobile solution, Concur provides an extended platform for customers, partners and suppliers, where they can work together in an efficient supply chain. The use of social media and location based … [visit site to read more]
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| Dell Making Headway In Schools Posted: 13 Aug 2010 08:35 AM PDT According to the latest findings of the market research firm IDC, more and more schools and universities across the world are deploying Dell Inc.'s (NASDAQ:DELL) technology solutions.
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| Posted: 13 Aug 2010 08:35 AM PDT Video games achieved better results in July 2010 after a lackluster June month. Improving hardware sales were partially offset by sluggish software sales in the month.
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| Posted: 13 Aug 2010 08:35 AM PDT Latin American airline operator, TAM S.A. (NYSE:TAM) reported a net loss of R$154.1 million (US$85.6 million) during the second quarter of fiscal 2010, compared with an income of R$555.1 million (US$265.6 million) in the year-ago quarter. This was driven by the decrease in foreign exchange gain based on the appreciation of U.S. Dollar against Brazilian Real.
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| Forex Trading: USDJPY Moves Above Resistance At 86.12-22. Posted: 13 Aug 2010 08:30 AM PDT |
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