Daily Markets - PPL Corp. Hives Non-Core Assets
Daily Markets - PPL Corp. Hives Non-Core Assets |
- PPL Corp. Hives Non-Core Assets
- Shire Inks Deal, Backs Outlook
- Reveal Fluids Make-Up, Says EPA
- Abiomed Impella RP’s First Use
- Raven Partners Jatco
- Ecolab Buys Dober’s Laundry Unit
- Hot Stock Options Play For Friday: Dell, Hertz Global, Dress Barn, OmniVision Technologies
- Korn/Ferry Swings To Profit
- Align Technology Stays Neutral
- MeadWestvaco’s Eco-Friendly Project
- Repsol Ramps Up Pre-Salt Initiative
- Texas Instruments Tightens 3Q View
- Franklin Reports Higher August AUM
- TMO’s New Share Buyback Program
- Friday’s Forex Outlook: EUR/USD Struggling With The 1.2700 Watershed
- We Need Demand, Not Protectionism
- AIG Unit Inks Deal With China Bank
- Liberty Media Initiated As Neutral
- Swiss Franc: Under Pressure
- Australian Dollar: Caution
- Canadian Dollar: The Bias Remains Bullish
- Japanese Yen: The Downside Prevails
- British Pound: Rebound
- Euro: Rebound
- Is A Near-term Top Brewing In Coffee Futures?
- A New CEO For Burger King
- Nabors Priced Senior Notes At $700M
- Benjamin Graham On Special Situations
- Jamba Inks Refranchising Deal
- Forex Trading: GBPUSD Moves Back Lower As UK/Europe Close Shop
PPL Corp. Hives Non-Core Assets Posted: 10 Sep 2010 12:05 PM PDT Electric utility PPL Corporation (NYSE:PPL) announced that it will sell its interest in certain non-core generating stations to LS Power Equity Advisors, an affiliate of LS Power, for $381 million in cash. The transaction, which is expected to close in the fourth quarter of 2010, is subject to regulatory approvals and third party consents. |
Shire Inks Deal, Backs Outlook Posted: 10 Sep 2010 12:05 PM PDT Recently, Shire plc (NASDAQ:SHPGY) inked a deal with privately-held Acceleron Pharma Inc. to co-develop and commercialize the latter’s candidate ACE-031 outside North America. While both the companies will share development costs in North America and Europe, Shire will be responsible for development costs in other regions. ACE-031 is being developed for treating patients suffering from Duchenne Muscular Dystrophy (DMD). |
Reveal Fluids Make-Up, Says EPA Posted: 10 Sep 2010 12:05 PM PDT The U.S. Environmental Protection Agency ("EPA") has sought information from nine natural gas service companies about the chemicals used in hydraulic fracturing (or fracking) – a method used to extract natural gas by blasting underground rock formations with a mixture of water, sand and chemicals. In the first-of-its-kind request, the federal regulator has formally asked the firms to provide a list of the chemicals they inject into natural gas wells. According to EPA, the details will be … [visit site to read more] |
Abiomed Impella RP’s First Use Posted: 10 Sep 2010 11:35 AM PDT Leading cardiac assist devices maker Abiomed (NASDAQ:ABMD) has announced the first use of its Impella Right Peripheral (RP) cardiac pump in Canada. The device successfully supported the first patient for six days at the Providence Heart and Lung Institute at St. Paul's Hospital in Vancouver. |
Posted: 10 Sep 2010 11:05 AM PDT Raven Industries Inc (NASDAQ:RAVN) has entered into a strategic partnership with Jacto Inc. whereby the latter would offer its expertise in factory-installed components and precision technology facilitating operators and growers in this market. |
Ecolab Buys Dober’s Laundry Unit Posted: 10 Sep 2010 11:05 AM PDT Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) has reportedly acquired the commercial laundry business of Illinois-based privately-held Dober Chemical Corporation for an undisclosed price. |
Hot Stock Options Play For Friday: Dell, Hertz Global, Dress Barn, OmniVision Technologies Posted: 10 Sep 2010 10:39 AM PDT Dell, Inc. (NASDAQ:DELL) – Shares of the world's third-largest personal computer maker fell as much as 3.5% this morning to touch an intraday low of $11.69 after analysts at Morgan Stanley, citing global PC weakness due to tablet competition, cut their rating on Dell to 'underweight' from 'equal-weight.' One bearish options trader is positioning for shares to head lower ahead of October expiration, but does not appear to expect the stock to collapse any time soon. The investor … [visit site to read more] |
Posted: 10 Sep 2010 10:35 AM PDT Korn/Ferry International (KFY) swung to a net income of $10.9 million or 24 cents per share in the first quarter of fiscal 2011, from a net loss of $14.3 million or 33 cents per share in the year-ago quarter. Quarterly earnings handily beat the Zacks Consensus Estimate of 20 cents per share. The strong quarterly performance benefited from robust fee revenues and absence of restructuring charges. Korn/Ferry is a provider of executive recruitment, leadership and talent consulting and talent … [visit site to read more] |
Align Technology Stays Neutral Posted: 10 Sep 2010 10:35 AM PDT We recently reiterated our Neutral recommendation on Align Technology (NASDAQ:ALGN) with a target price of $18.00. During the second quarter of fiscal 2010, Align Technology reported adjusted EPS of $0.21 surpassing the Zacks Consensus Estimates of $0.14 and the year-ago quarter's $0.07. Revenue was $108.2 million, an increase of 41.8% year over year and 20.1% sequentially. However, excluding deferred revenue for Invisalign Teen replacement aligners, revenue increased 23% year over year to $93.9 … [visit site to read more] |
MeadWestvaco’s Eco-Friendly Project Posted: 10 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. (NYSE:MWV) has teamed up with VOW Resources and Zera Energy. |
Repsol Ramps Up Pre-Salt Initiative Posted: 10 Sep 2010 10:35 AM PDT The Spanish oil integrated company, Repsol YPF, S.A. (NYSE:REP) is keen to adopt its Brazilian pre-salt oil reserves model for the development of Western Africa properties. The company recently said that its pre-salt oil reserves model experienced solid success in the development of areas off Brazilian coast. The initiative should also drive the company's upstream growth. |
Texas Instruments Tightens 3Q View Posted: 10 Sep 2010 10:05 AM PDT Texas Instruments (TXN) tightened its third-quarter revenue and earnings outlook range but kept the mid-point of that range unchanged, as demand for personal computers and televisions show signs of weakness in a sluggish economy. Although the semiconductor company said the quarter was tracking consistently with its initial expectations, the narrowed outlook was reflective of broader economic issues that plague the semiconductor industry. Intel Corp. (INTC), the industry leader, had … [visit site to read more] |
Franklin Reports Higher August AUM Posted: 10 Sep 2010 10:05 AM PDT Franklin Resources Inc. (NYSE:BEN) reported on Thursday that the preliminary month-end assets under management (AUM) by its subsidiaries came in at $600.4 billion for August, slightly down from $602.9 billion as of July 31, 2010. AUM improved 21.1% from $495.7 billion on a year-over-year basis. |
TMO’s New Share Buyback Program Posted: 10 Sep 2010 10:05 AM PDT Recently, Thermo Fisher Scientific (NYSE:TMO), one of the leading scientific instruments makers, announced a $750 million share repurchase program, which will remain effective until September 8, 2011. Earlier, the company had announced another $750 million share buyback program, of which $188 million of authorization still remains. The company's strong cash position enables it to carry out share buyback programs. Thermo Fisher exited the second quarter of 2010 with $1.31 billion in cash … [visit site to read more] |
Friday’s Forex Outlook: EUR/USD Struggling With The 1.2700 Watershed Posted: 10 Sep 2010 09:43 AM PDT Risk appetite has the ability but apparently little desire to self-improve at the end of the week. The huge sucking sound of Chinese imports in to its nation's ports helped relax fears over an impending slowdown in the pace of global recovery. A stimulus package from Tokyo also helped soothe investors' nerves while the safe haven appeal of Swiss franc and Japanese yen came off the boil. But markets are showing some restraint in going hell-for-leather again today, as if something … [visit site to read more] |
We Need Demand, Not Protectionism Posted: 10 Sep 2010 09:38 AM PDT There is demand and there is supply. Alfred Marshall taught us that they work together as in the two blades of scissors, but I guess that was primarily in a micro-economic context. |
AIG Unit Inks Deal With China Bank Posted: 10 Sep 2010 09:35 AM PDT In a move to strengthen its position in China, American International Assurance Co. ("AIA"), the Asian arm of American International Group Inc. (NYSE:AIG), signed a bancassurance agreement with Industrial & Commercial Bank of China Ltd. ("ICBC") to sell its life insurance products at ICBC's branches. |
Liberty Media Initiated As Neutral Posted: 10 Sep 2010 09:35 AM PDT We initiate coverage for Liberty Media Corp. (NASDAQ:LINTA) with a Neutral recommendation, which means the stock will perform mostly in line with the broader market. The company declared mixed financial results for the second quarter of 2010. Although revenue beat the Zacks Consensus Estimate, EPS fell short. |
Posted: 10 Sep 2010 09:18 AM PDT |
Posted: 10 Sep 2010 09:18 AM PDT |
Canadian Dollar: The Bias Remains Bullish Posted: 10 Sep 2010 09:18 AM PDT |
Japanese Yen: The Downside Prevails Posted: 10 Sep 2010 09:18 AM PDT |
Posted: 10 Sep 2010 09:18 AM PDT |
Posted: 10 Sep 2010 09:18 AM PDT |
Is A Near-term Top Brewing In Coffee Futures? Posted: 10 Sep 2010 09:18 AM PDT Fundamentals |
Posted: 10 Sep 2010 09:05 AM PDT 3G Capital recently announced the appointment of Bernardo Hees as the chief executive officer (CEO) of Miami-based Burger King Holdings Inc. (NYSE:BKC). Hees will replace Burger King’s current chairman and chief executive officer, John Chidsey, following the closure of 3G Capital's pending acquisition deal. |
Nabors Priced Senior Notes At $700M Posted: 10 Sep 2010 09:05 AM PDT Nabors Industries Inc., a wholly owned subsidiary of Nabors Industries Ltd. (NYSE:NBR), announced the pricing of Senior Unsecured Notes due 2020 at $700 million. |
Benjamin Graham On Special Situations Posted: 10 Sep 2010 08:59 AM PDT Benjamin Graham This article is probably better geared for the more advanced reader. Benjamin Graham talks about special situation investing. Many people throw around the term special situation to describe a variety of investments. Benjamin Graham gives a clear definition of what he considers a special situation. Below is a quote from Graham: |
Posted: 10 Sep 2010 08:35 AM PDT Jamba Inc. (NASDAQ:JMBA) recently inked a purchase agreement for 13 stores in Florida with experienced multi-unit franchise operators Arturo Zindel, Jordi Zindel, Guillermo Perez Vargas and Angel Herrera, principals of Great Service Restaurants LLC. Jamba is a leading restaurant retailer of food and beverage offerings. |
Forex Trading: GBPUSD Moves Back Lower As UK/Europe Close Shop Posted: 10 Sep 2010 08:28 AM PDT |
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