Daily Markets - Garmin To Shutter Smartphone Biz?
Daily Markets - Garmin To Shutter Smartphone Biz? |
- Garmin To Shutter Smartphone Biz?
- Lions Gate And Televisa Team Up
- Oracle’s Earnings Tomorrow
- Arrow Upgraded To Outperform
- Skin In The Game
- Joel Greenblatt On CNBC Discusses His New Book
- Sinopec Remains Neutral
- Pactiv Invests To Up Volume
- Fiserv Offers Notes
- MeadWestvaco’s Eco-Friendly Project (revised)
- Triumph Joins Up With Boeing
- Industrial Production Up Again
- FTI Offers Senior Notes
- Expansionary Monetary Policy To Support Gold Prices And ETFs
- Williams’ TXP4 Comes Online
- The Real Conundrum: Why The Hell Do We Care If China Manipulates Its Currency In Our Favor?
| Garmin To Shutter Smartphone Biz? Posted: 15 Sep 2010 12:05 PM PDT Many people may not know that Garmin (GRMN), the maker of personal navigational devices, has also tried its luck with smartphones — and has struggled to make a mark. Now, the company admits that sales of Nuvifone, the navigation-enabled smartphone, have been dismal, and it is examining options that may include shuttering the business altogether. Garmin had once hoped Nuvifone would vault it into the league of iPhone and Android, but cut-throat competition and Google's (GOOG) announcement in … [visit site to read more]
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| Lions Gate And Televisa Team Up Posted: 15 Sep 2010 12:05 PM PDT The studio, Lions Gate Entertainment Corp. (LGF) and the Mexican media conglomerate, Grupo Televisa SA (TV) formed a joint venture to produce movies for the fast-growing Hispanic population in the U.S., who account for one fourth of the country’s frequent moviegoers.
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| Posted: 15 Sep 2010 11:35 AM PDT Oracle Corp. (ORCL) is expected to report its first quarter fiscal 2011 earnings tomorrow on September 16, 2010, after market close.
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| Posted: 15 Sep 2010 11:35 AM PDT We recently upgraded our recommendation to OUTPERFORM from NEUTRAL on Arrow Electronics Inc. (NYSE:ARW) in anticipation of strong performance in the upcoming quarters.
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| Posted: 15 Sep 2010 11:16 AM PDT I will never forget the mental and emotional sensation of purchasing my first real asset. That holding, a co-operative apartment in Brooklyn, New York was where I began my married life and started my family. I am not writing this to reminisce about life back in the mid-'80s but rather because those memories came back to me as I read an article in this morning's Wall Street Journal entitled, Obstacle to Deficit Cutting: A Nation on Entitlements, … [visit site to read more]
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| Joel Greenblatt On CNBC Discusses His New Book Posted: 15 Sep 2010 11:10 AM PDT joel greenblatt Joel Greenblatt appeared on CNBC yesterday and discussed his brand new book The Little Book that Still Beats the Market (Little Books. Big Profits). The book is an updated version of The Little Book That Beats the Market (Little Books. Big Profits). Although the title might be cheesy, the information in the book is quite valuable. Greenblatt describes the magic formula he invested for finding a great business (high Return on capital) at cheap price ( as determined … [visit site to read more]
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| Posted: 15 Sep 2010 11:05 AM PDT China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec, has been experiencing an upturn following the company's strong first half results. The price of its ADS increased more than 8% from the last month's low. The upside coincides with our view that 2010 will be a high-profit year for the company based on increasing trends in production and sales volumes.
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| Posted: 15 Sep 2010 11:05 AM PDT Pactiv Corporation (NYSE:PTV) invested $12 million in a two-year program to upgrade equipment to increase the production of polystyrene food processor trays that would help meet the rise in consumer demand. The upgrade is scheduled for completion in early 2011.
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| Posted: 15 Sep 2010 11:05 AM PDT Fiserv Inc. (NASDAQ:FISV) has priced its public offering of senior notes totaling $750 million. The notes consist of 3.125% senior notes totaling $300 million that mature in 2015 and 4.625% senior notes aggregating $450 million that mature in 2020.
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| MeadWestvaco’s Eco-Friendly Project (revised) Posted: 15 Sep 2010 10:35 AM PDT In an effort to convert organic waste streams into biogas and other value-added products, paper and plastics maker MeadWestvaco Corp. (MWV) has teamed up with VOW Resources and Zera Energy.
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| Posted: 15 Sep 2010 10:35 AM PDT Triumph Aerostructures-Vought Aircraft Division, subsidiary of Triumph Group Inc. (NYSE:TGI), has been chosen to be a part of The Boeing Company's (NYSE:BA) NewGen Tanker Team for the U.S. Air Force KC-X program. Triumph will provide horizontal stabilizer and aft body sections, wing center section, doors, skin panel fabrication, assemblies, keelbeams, seal depressor and acoustic panels for the NewGen Tanker.
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| Industrial Production Up Again Posted: 15 Sep 2010 10:35 AM PDT Total Industrial Production rose by 0.2% in August, which was a tick less than the 0.3% rise that was expected. It was also slower than the 0.6% rise in July. The July number was revised down from a 1.0% increase, but June was revised to an increase of 0.1% from a decline of 0.1%. Relative to a year ago, total Industrial Production is up 6.2%. These numbers are slightly disappointing, but far from a disaster, as much of the weakness can be traced to some seasonal adjustment problems. Total … [visit site to read more]
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| Posted: 15 Sep 2010 10:35 AM PDT FTI Consulting Inc. (NYSE:FCN) announced its intention to offer of $350 million senior notes in a private placement. The senior notes bear an interest rate of 4.45% and will mature in ten years.
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| Expansionary Monetary Policy To Support Gold Prices And ETFs Posted: 15 Sep 2010 10:17 AM PDT Gold recently surged to a record high, driven primarily by strong fundamentals and is likely to continue to witness positive price support due to global expansionary monetary policy enabling the SPDR Gold Shares ETF (GLD), the PowerShares DB Gold Fund (DGL) and the Market Vectors Gold Miners ETF (GDX) to reap the benefits.
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| Posted: 15 Sep 2010 10:05 AM PDT Oklahoma-based Williams Partners L.P. (NYSE:WPZ) announced the initiation of its operations on the fourth cryogenic processing train, TXP4, at the Echo Springs natural gas processing plant in Carbon County, Wyoming.
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| The Real Conundrum: Why The Hell Do We Care If China Manipulates Its Currency In Our Favor? Posted: 15 Sep 2010 09:18 AM PDT Here’s a little editing fun of Harold Meyerson’s article in today’s Washington Post: “This week, committees on both sides of Capitol Hill will plumb the conundrum of Chinese currency manipulation. The conundrum isn’t that — or why — China is manipulating its currency: By undervaluing it, China is systematically able to underprice its exports, putting American (and other nations’) manufacturing consumers and businesses that purchase China' cheap imports at a significant disadvantage. The … [visit site to read more]
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