Monday, September 27, 2010

DailyMarkets.com - GE Wins Large Brazilian Contract

DailyMarkets.com - GE Wins Large Brazilian Contract

GE Wins Large Brazilian Contract

Posted: 27 Sep 2010 11:35 AM PDT

GE Transportation, a unit of General Electric Co. (NYSE:GE), clinched the largest locomotive purchase order in Brazil from MRS Logistica S.A. ("MRS"), a Brazilian rail operator. The announcement was made public at InnoTrans 2010, the world's largest rail exhibition in Berlin, Germany.
 
General Electric will be supplying 115 AC44i locomotives to MRS, equipped with fuel efficient and low emission technology, over the timeframe 2011 to 2015. As per the agreement GE may also receive an … [visit site to read more]

Good News For Hologic

Posted: 27 Sep 2010 11:35 AM PDT

Hologic (NASDAQ:HOLX) has taken a step forward to get its Selenia Dimensions three-dimensional (3D) digital mammography tomosynthesis system approved in the US. Recently, the Radiological Devices Panel of the US Food and Drug Administration (FDA) voted unanimously in favor of the device's safety and effectiveness. In addition, they were of the opinion that benefits of the 3D system outweigh the risks from additional radiation exposure. Although the FDA is not bound to accept the panel's … [visit site to read more]

Good News For Hospira

Posted: 27 Sep 2010 11:05 AM PDT

Hospira, Inc.'s (NYSE:HSP) biosimilar portfolio received a boost when the Australian Therapeutic Goods Administration (TGA) approved its biosimilar filgrastim product, Nivestim.
 
Nivestim received approval for multiple indications such as the prevention of febrile neutropenia and reduction in the duration of neutropenias induced by chemotherapy. Neutropenia refers to the most serious version of hematological toxicity that occurs due to chemotherapy. Moreover, neutropenia could result in … [visit site to read more]

BXP Completes Acquisition

Posted: 27 Sep 2010 11:05 AM PDT

Boston Properties Inc. (NYSE:BXP), a real estate investment trust (REIT), has recently completed the acquisition of 510 Madison Avenue, a newly-constructed 350,000 square foot Class-A office property in New York City, for approximately $275 million. The company also incurred an additional $2 million as closing costs related to the purchase and sale agreement for acquiring the property.
 
Boston Properties had earlier acquired a junior mezzanine loan interest on the property for approximately … [visit site to read more]

Target Aims Smaller Format Stores

Posted: 27 Sep 2010 10:35 AM PDT

Target Corporation (NYSE:TGT) similar to that of its biggest rival Wal-Mart Stores Inc. (NYSE:WMT) plans to introduce a smaller store format of 60,000 to 100,000 square feet compared with its typical format of 125,000 to 180,000 square feet, to tap the urban markets, where real estate remains a constraint.
 
The operator of general merchandise and food discount stores in the United States, Target, will debut its first smaller format of about 90,000 square feet in Seattle in 2012, with plans to … [visit site to read more]

Earnings Preview – Family Dollar

Posted: 27 Sep 2010 10:35 AM PDT

Family Dollar Stores Inc. (NYSE:FDO), operator of the self-service retail discount store chain, is scheduled to report its fourth-quarter 2010 financial results on Sep 29, 2010. The current Zacks Consensus Estimate for the quarter is 51 cents a share.
 
Third-Quarter 2010, a Synopsis
 
Family Dollar posted better-than-expected third-quarter 2010 results due to robust sales witnessed in the Seasonal and Electronics, Consumables and Home Products categories. The quarterly earnings of 77 … [visit site to read more]

Nassim Taleb: Soros Versus Buffett

Posted: 27 Sep 2010 10:09 AM PDT

Nassim Taleb

A great post by my friend David Lau of http://dahhuilaudavid.blogspot.com/ . I wanted to write something similar, but he did a spectacular job, so I am reposting here with permission.
Dear Mr. Nassim Taleb,
Soros versus Buffett
I came across an article on Bloomberg Businessweek, which said….
If given a choice between investing with Buffett and billionaire investor George Soros, Taleb also said he would probably pick the latter.
"I am not saying Buffett isn't as good as … [visit site to read more]

Is Comcast Nearing NBCU Deal?

Posted: 27 Sep 2010 10:05 AM PDT

Is Comcast Corp. (NASDAQ:CMCSA) on the verge of getting regulatory approval to acquire a controlling stake in NBC Universal (NBCU)? A recent change at the helm of NBCU indicates this. Yesterday, Comcast and General Electric Co. (NYSE:GE), the current owner of NBCU said in a joint statement that the existing COO of Comcast, Mr. Steve Burke will succeed the incumbent CEO of NBCU Mr. Jeff Zucker by 2010 end.
 
On December 3, 2009, Comcast declared that it had agreed to purchase 51% stake of NBC … [visit site to read more]

YRCW Pursuing Recovery Plan

Posted: 27 Sep 2010 10:05 AM PDT

YRC Worldwide Inc. (NASDAQ:YRCW), a leading provider of truck transportation throughout the world, recently announced that it has reached a tentative agreement with its largest labor union represented by the International Brotherhood of Teamsters, regarding restarting of employee pension contributions after assessing the company's competitiveness and long-term growth prospects.
 
YRC Worldwide was hard hit by recession and last year, it was facing bankruptcy. During that critical situation, … [visit site to read more]

Oracle Partners With Wipro

Posted: 27 Sep 2010 09:35 AM PDT

Oracle Corp. (NASDAQ:ORCL) and Wipro Ltd's (NYSE:WIT) consulting, system integration and outsourcing business, Wipro Technologies, jointly announced to launch new solutions on Oracle's next generation Fusion Applications.
 
Oracle provides Oracle Fusion Middleware (built on Java technology platform) that includes application servers and application grids, business intelligence, identity and access management, content management, portal and user interaction, service-oriented architecture suite … [visit site to read more]

Wal-Mart Intends To Buy Massmart

Posted: 27 Sep 2010 09:35 AM PDT

Wal-Mart Stores Inc. (NYSE:WMT) announced that it intends to acquire South Africa-based consumer goods distributor Massmart Holdings Ltd. for about $4.25 billion (ZAR 148 per share). The proposed acquisition is in line with Wal-Mart's policy to accelerate growth and improve returns in its international business segment.

Management believes that Africa is among the high-growth developing markets of the world. The deal is subject to regulatory conditions and is an indicative and non-binding … [visit site to read more]

Mattel Offers Senior Notes

Posted: 27 Sep 2010 09:35 AM PDT

Mattel Inc. (NYSE:MAT) has recently announced its intention to offer $500 million senior notes, $250 million of which will bear an annual interest rate of 4.35% and mature in ten years.  The remaining $250 million will carry an interest rate of 6.20% and mature in thirty years. The senior note offering is expected to close by September 28, 2010.
 
The company plans to use the sale proceeds from the offering to finance outstanding debt maturing in 2011 and for other corporate general … [visit site to read more]

Theravance In Neutral Lane

Posted: 27 Sep 2010 09:35 AM PDT

We are maintaining our Neutral recommendation on Theravance Inc. (NASDAQ:THRX) with a target price of $20.
 
Theravance, founded in 1996 and headquartered in South San Francisco, California, focuses on the discovery, development, and commercialization of small molecule medicines in the US. The company develops medicines for respiratory diseases, bacterial infections, and gastrointestinal motility dysfunction.
 
Theravance's lead drug Vibativ (telavancin), is an injectable antibiotic … [visit site to read more]

Rain, Rain Go Away!

Posted: 27 Sep 2010 09:19 AM PDT

Fundamentals
Not just the lyrics to a children’s nursery rhyme, but the call from sugar cane growers in India, after flooding rains have hit the key sugar production state of Uttar Pradesh. This has put into question the size of the Indian crop, which was expected to rebound after two consecutive years of below average production. It was the lower production out of India the past couple of years that contributed to the world sugar supply deficit which caused sugar prices to rise above 30 cents … [visit site to read more]

Highwoods Pledges Commitment

Posted: 27 Sep 2010 09:05 AM PDT

Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust ("REIT"), has dismissed widespread rumors about its build-to-suit property in Country Club Plaza – an upscale shopping district and residential neighborhood in Kansas City, and pledged its long-term commitment instead.
 
Speculation was rife that Highwoods' ownership was a short-term hold and it was mulling to sell Country Club Plaza. Highwoods issued a press release to thwart the negative publicity and reiterated … [visit site to read more]

EA’s Medal Of Honor: Open Beta

Posted: 27 Sep 2010 09:05 AM PDT

Video game manufacturer and publisher Electronic Arts Inc. (NASDAQ:ERTS) announced to launch Open Beta of its flagship title Medal of Honor multiplayer game on October 4.  This will be available only for a short span of time, ending on October7.
 
Electronic Arts has come up with an advertising strategy, enabling PC gamers worldwide to play two diverse maps and two action-packed multiplayer modes free of cost by logging into Electronic Arts website, but for a limited time.
 
Medal of … [visit site to read more]

MasterCard Targets Debit Business

Posted: 27 Sep 2010 08:35 AM PDT

According to Reuters, MasterCard Incorporated (NYSE:MA) is planning to take hold of the debit processing business of its rival Visa Inc. (NYSE:V), on the feared impact of the financial reform law.
 
MasterCard and other card companies expect the financial reform law of July 2010 to widely restrict the interchange fees that merchants are charged, which banks and networks receive for processing debit card transactions. These fees are significant revenue drivers for card companies such as … [visit site to read more]

Netflix Signs Agreement With NBC

Posted: 27 Sep 2010 08:35 AM PDT

A leading provider of online movie rental services, Netflix Inc. (NASDAQ:NFLX) recently signed an expanded license agreement with General Electric's (NYSE:GE) NBC Universal Domestic Television Distribution division.
 
Under the terms of the agreement, Netflix subscribers will be able to watch movies and television shows from NBC television network and NBC Universal's popular cable channels over the Internet for just $8.99 a month.
 
As per the agreement, Netflix members will have access … [visit site to read more]

Hot Stocks & Stories To Know For Monday: Bank Of America, BlackRock, BP, Novartis

Posted: 27 Sep 2010 08:23 AM PDT

U.S. stocks fell on again on Friday, with the S&P 500 Index dropping a fourth day in a row, as weaker-than- estimated retail sales drove down consumer shares and Intel sank to a six-month low. Nordstrom (NYSE:JWN) declined 7.2% after saying expenses increased in the second quarter, while retailers J.C. Penney Co. (NYSE:JCP) and Kohl's Corp (NYSE:KSS) both retreated at least 3.2%. Intel (NASDAQ:INTC), the largest maker of computer processors, fell on concern about increased competition although … [visit site to read more]

U.S. Bank Failures Inch To 127

Posted: 27 Sep 2010 08:19 AM PDT

Bank failures continue unabated as the U.S. regulators closed down two more banks in Florida and Washington on Friday, pushing up the figure to 127 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007.
 
While the bigger banks benefited greatly from the various programs launched by the government, many smaller banks are still weak. Tumbling home prices, soaring loan defaults and a high unemployment rate continue to take their toll … [visit site to read more]

Infineon Ups Fourth Quarter Outlook

Posted: 27 Sep 2010 08:19 AM PDT

Infineon Technologies AG (IFNNY) recently expressed its optimism with regard to its fourth quarter results of fiscal year 2010, expecting it to be better than its earlier anticipations issued with the third quarter results on July 28, 2010. The company is scheduled to release its fourth quarter results on November 16.
 
The company believes revenue growth in the fourth quarter will be approximately 15% compared with the high single-digit percentage expected earlier. Also, the combined … [visit site to read more]

Motorola Plans Reverse Stock Split

Posted: 27 Sep 2010 08:19 AM PDT

As part of the spin-off of its mobile-phone business, Motorola Inc. (NYSE:MOT) has planned a reverse stock split to help increase the share price.
 
In this regard, the company will hold a special stockholder meeting on November 29, 2010 to seek approval for the move.
 
The proposed stock split ratio ranges from 1 for every 3 up to 1 for every 7 shares, with exact ratio to be determined by the Motorola board. If approved, the split would be implemented in first quarter 2011, immediately … [visit site to read more]
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