Daily Markets - PPL Corp. Hives Non-Core Assets

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• 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.   The non-core generating assets earmarked for sale are two natural gas-fired facilities – PPL Wallingford Energy plant and  PPL University Park … [visit site to read more]

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).   DMD refers to a fatal muscular disease with no therapies in the market. … [visit site to read more]

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.   Impella RP has been designed as a support for right ventricular dysfunction (right heart failure) which is characterized by the inability of the right side of the heart to adequately pump blood, … [visit site to read more]

Raven Partners Jatco 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. Branded as “Otmis,” Jacto will offer Raven precision products including global positioning system guidance, assisted steering, and automatic section control. These products are also designed to yield an attractive return on investment. This partnership brings … [visit site to read more]

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.   Dober Chemical offers cleaning, sanitation and technology solutions to a broad range of industries including hospitality, health care and industrial sectors. It is a leader in the commercial laundry business in the U.S. and is the number one wastewater pre-treatment chemical … [visit site to read more]

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]

Korn/Ferry Swings To Profit 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. A demonstration plant adjacent to MeadWestvaco's Evadale, Texas, mill will soon be constructed with completion expected in November 2010. The facility will create 30 construction jobs and provide 12 full-time positions. Zera Energy will construct and operate the plant while VOW Resources will design, … [visit site to read more]

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. Repsol is keen to develop its substantial acreages in Africa, including areas in Sierra Leone, Liberia and Equatorial Guinea … [visit site to read more]

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. At the end of the month, total equity assets were $245.4 billion, down 3.2% sequentially from $253.5 billion but up 4.5% from $234.9 billion on a year-over-year basis. Total fixed income assets were $242.6 … [visit site to read more]

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. In macro-land there is also a need for both to work together, but that has been difficult recently, in part because each point of view has taken on the aura of religious fervor. Last year I was being copied on an e-mail exchange between a father and a son, both friends of mine. I forgot what the father said to prompt … [visit site to read more]

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.   To date, AIA has 17 bancassurance agreements in China and is the only foreign company to own its Chinese operating license outright. This agreement will allow AIA to market its … [visit site to read more]

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.   Liberty Media's QVC sector continues to enjoy strong brand value and operating efficiency that helped QVC to expand operating margin. QVC is the leading home-shopping retailer with a … [visit site to read more]

Swiss Franc: Under Pressure Posted: 10 Sep 2010 09:18 AM PDT Update on supports and resistances. … [visit site to read more]

Australian Dollar: Caution Posted: 10 Sep 2010 09:18 AM PDT Update on supports and resistances. … [visit site to read more]

Canadian Dollar: The Bias Remains Bullish Posted: 10 Sep 2010 09:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 10 Sep 2010 09:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Rebound Posted: 10 Sep 2010 09:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Rebound Posted: 10 Sep 2010 09:18 AM PDT Update on supports and resistances. … [visit site to read more]

Is A Near-term Top Brewing In Coffee Futures? Posted: 10 Sep 2010 09:18 AM PDT Fundamentals Coffee futures have been running hot lately, with the front month December futures attempting to test the $2 handle for the first time since 1997. Coffee bulls cite tight supplies of high quality Coffee as the catalyst for the steep run-up in prices, as the market has not yet fully recovered from the two consecutive years of below average production from Columbia, who is a leading supplier of high grade Arabica Coffee. However, Columbia’s production is expected to increase this … [visit site to read more]

A New CEO For Burger King 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.   On September 2, Burger King announced that it is being acquired by the private investment firm 3G Capital for $24 per share, or $4.0 billion including the debt of the … [visit site to read more]

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.   The notes carry an interest rate of 5.0% and will be fully and unconditionally guaranteed by Nabors Industries Ltd. With a yield of 5.056%, the notes are being offered at 99.564% of the face value. The offering is expected to close on September 14, 2010.   Nabors plans to use the net proceeds from this offering to capitalize … [visit site to read more]

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: First, just what is meant by a "special situation"?Convention has not jelled sufficiently to permit a clear-cut and final definition.In the broader … [visit site to read more]

Jamba Inks Refranchising Deal 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.   The 13 stores mentioned in this purchase agreement will help accomplish almost 80% of the company's targeted refranchising initiative. The latest transaction is expected to … [visit site to read more]

Forex Trading: GBPUSD Moves Back Lower As UK/Europe Close Shop Posted: 10 Sep 2010 08:28 AM PDT … [visit site to read more]

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