Daily Markets - Red Robin Grows In Florida |
- Red Robin Grows In Florida
- Teradata Serves Red Apple
- Halliburton-Shell Tango In Majnoon
- Half A Million Initial Jobless Claims
- RadioShack Lifts Shareholders Wealth
- Earnings Scorecard: SID
- Tetra Tech Wins Contract
- Minnesota Under Attack From Sharia Law
- FDA Okays BSD Medical Tissue Device
- CEMIG To Acquire Stake In Lightger
- Hologic Stays Neutral
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- PepsiCo-Senomyx In Sweetener Deal
- Stryker Mulls Buying Boston Unit
- Walgreen Downgraded
- Big Catalysts Ahead For Aastrom Bio
- It Could Take Another 5 Trillion Dollars To “Fix” Fannie Mae And Freddie Mac
- U.K. Retail Sales Tops Forecasts; Bundesbank Raises Germany’s 2010 Growth Forecast
| Posted: 19 Aug 2010 09:35 AM PDT Seattle-based Red Robin Gourmet Burgers Inc. (RRGB) recently announced that it will open its first restaurant inside the Westfield Citrus Park shopping center at Tampa Bay area in Florida, in late August. The company is also planning a restaurant for The Shops at Wiregrass in Wesley Chapel.
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| Posted: 19 Aug 2010 09:35 AM PDT A leading provider of Enterprise Data Warehousing solutions, Teradata Corporation (NYSE:TDC) will provide data warehouse services to one of the premier supermarket convenience store chains Red Apple Inc.
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| Halliburton-Shell Tango In Majnoon Posted: 19 Aug 2010 09:35 AM PDT The Houston-based oilfield services company, Halliburton Company (NYSE:HAL) has received a letter of intent (LOI) from Shell Iraq Petroleum Development BV to develop the Majnoon field in Southern Iraq.
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| Half A Million Initial Jobless Claims Posted: 19 Aug 2010 09:05 AM PDT Initial Claims for Unemployment Insurance rose by 12,000 in the last week to 500,000. This is bad news. The four-week average (see graph below from http://www.calculatedriskblog.com/) rose by 8,000 to 482,500. That is more bad news. After declining sharply in the second half of last year, initial jobless claims have been in a tight "trading range." They are now breaking out to the upside, which is not at all what we need to see happening. To really indicate that the economy is back on … [visit site to read more]
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| RadioShack Lifts Shareholders Wealth Posted: 19 Aug 2010 09:05 AM PDT In a move to raise its shareholders' value, the Board of Directors of RadioShack Corp. (NYSE:RSH) has deiced to increase the authorization of its existing share buyback program from $290 million to $500 million. Although the company did not provide any closing date of this enhanced share repurchase program; it, however, announced that a significant part of this program will start as quickly as possible.
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| Posted: 19 Aug 2010 09:05 AM PDT Companhia Siderurgica Nacional (NYSE:SID) or CSN reported encouraging results for the second quarter of 2010 with robust increases registered in its net income and revenue. Despite positive results and improving global steel market, near-term outlook for the company is dimmed by expectation of lower domestic steel shipments, higher manufacturing costs and rising debt levels.
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| Posted: 19 Aug 2010 09:05 AM PDT Tetra Tech Inc. (NASDAQ:TTEK) has received a $270 million indefinite-delivery/indefinite quantity contract from the Missile Defense Agency (MDA) of the U.S. for providing advisory and assistance services for developing the security system of the country. The tenure of the contract is five years.
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| Minnesota Under Attack From Sharia Law Posted: 19 Aug 2010 08:54 AM PDT |
| FDA Okays BSD Medical Tissue Device Posted: 19 Aug 2010 08:35 AM PDT Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) has secured 510 (k) approval from the U.S. Food and Drug Administration (FDA) for its MicroThermX Microwave Ablation System (MTX-180) for soft tissue ablation (destruction). With this approval, the company can now commercialize the innovative device in the U.S. BSD Medical's shares jumped $1.84 (or 162.8%) following the news closing at $2.97 on August 18.
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| CEMIG To Acquire Stake In Lightger Posted: 19 Aug 2010 08:35 AM PDT Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, through its wholly-owned subsidiary Cemig Geração e Transmissão S.A. (Cemig GT) will be acquiring a 49% stake in Lightger S.A, a special-purpose company controlled by Light. Lighter is responsible for the commercial operation of the Paracambi Small Hydro Plant.
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| Posted: 19 Aug 2010 08:35 AM PDT We recently reiterated our Neutral recommendation on Hologic (NASDAQ:HOLX) with a target price of $16.00.
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| Australian Dollar: The Downside Prevails Posted: 19 Aug 2010 08:18 AM PDT |
| Canadian Dollar: The Downside Prevails Posted: 19 Aug 2010 08:18 AM PDT |
| PepsiCo-Senomyx In Sweetener Deal Posted: 19 Aug 2010 08:05 AM PDT Food and beverage maker PepsiCo (NYSE:PEP) has inked a four-year collaborative agreement with Senomyx Inc. (NASDAQ:SNMX) to research and develop sweeteners for its beverages. PepsiCo will make an upfront payment of $30 million to Senomyx, of which $7.5 million was paid in June 2010. Senomyx will also receive $32 million in committed research and development payments over the four-year research period. The company has the option to extend the research deal for another two years, which might result … [visit site to read more]
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| Stryker Mulls Buying Boston Unit Posted: 19 Aug 2010 08:05 AM PDT Orthopedic devices giant Stryker Corp (NYSE:SYK) is reportedly negotiating with Boston Scientific (NYSE:BSX) to buy the latter's pain management devices unit, also known as the neuromodulation unit. Based on preliminary information, Stryker may pay $1.4–$1.5 billion to acquire the Boston Scientific's unit.
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| Posted: 19 Aug 2010 08:05 AM PDT We have downgraded Walgreen (NYSE:WAG) to Underperform with a target price of $26.00. Walgreen had reported an EPS of $0.47 during the third quarter of fiscal 2010, way below the Zacks Consensus Estimate of $0.57 and the year-ago quarter's $0.53. Net sales increased 6.1% year over year to $17.2 billion, with same-store sales (those open for more than a year) increasing 0.7%. Front-end same-store sales increased 0.1% and were affected by a weak demand for discretionary goods and … [visit site to read more]
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| Big Catalysts Ahead For Aastrom Bio Posted: 19 Aug 2010 08:05 AM PDT In July 2010, we initiated coverage of Aastrom Biosciences (NASDAQ:ASTM) with a Neutral rating and a $2.50 price target. Aastrom is pioneering the research effort on adult stem cells for therapeutic applications, specifically for the treatment of cardiovascular diseases such as critical limb ischemia (CLI) and dilated cardiomyopathy (DCM).
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| It Could Take Another 5 Trillion Dollars To “Fix” Fannie Mae And Freddie Mac Posted: 19 Aug 2010 08:01 AM PDT Fannie Mae (FNMAS.OB) and Freddie Mac (FMCC.OB) have become gigantic financial black holes that the U.S. government endlessly pours massive quantities of money into. Unfortunately, if the U.S. government did allow Fannie Mae and Freddie Mac to totally implode, both the mortgage industry and the housing industry in the United States would completely collapse. So essentially the U.S. government finds itself between a rock and a hard place. Prior to the financial crisis of the … [visit site to read more]
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| U.K. Retail Sales Tops Forecasts; Bundesbank Raises Germany’s 2010 Growth Forecast Posted: 19 Aug 2010 05:50 AM PDT Fundamental Headlines
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