DailyMarkets.com - LightSquared Selects Vendors
DailyMarkets.com - LightSquared Selects Vendors |
- LightSquared Selects Vendors
- Natural Gas Stocks Building Rapidly
- Repsol Ties With Qatargas For LNG
- Rogers Conducting LTE Trial Run
- PPL Corp.
- DineEquity Prices $825M Offering
- BP Signs Azerbaijan Deal
- Marathon Disposes Minnesota Assets
- New GM Gets First Credit Rating
- ANGO Net Dips, Lowers View
- Earnings Preview: Earnings Season Gets Underway
- GE Acquires Calnetix Power Assets
- Milestone For Accuray’s CyberKnife
- Cepheid Inks Deal With Novartis
- Scientific Games Sells Racing Division
- CRA International Upgraded
- Immucor Meets, Slashes Guidance
- ELP Downgraded To Underperform
- Ambac Drops Charges Against Lehman
- Ruby Tuesday Tops By A Penny
- Comparables Still Red For HOTT
- ITT Wins US Army Contract
- Two More States Reporting Sept. Tax Increases
- Debt Offer From Regency Centers
- Employment Report In Depth (pt. 2)
- More Franchise Stores For Jamba
| Posted: 08 Oct 2010 04:35 PM PDT LightSquared, which has decided to install a nationwide hybrid wireless/satellite network in the U.S. to offer next-generation (4G) Long-term Evolution (LTE) service, has declared the name of its various vendors. LightSquared is a new telecom venture launched by the hedge fund Harbinger Capital Partners, which has a total corpus of $9 billion. This network is expected to launch in early 2011.
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| Natural Gas Stocks Building Rapidly Posted: 08 Oct 2010 04:05 PM PDT The federal government's Energy Information Administration ("EIA") reported a higher-than-expected increase in natural gas supplies, attributable to moderate weather conditions across the country that led to a decline in electric power consumption.
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| Repsol Ties With Qatargas For LNG Posted: 08 Oct 2010 04:05 PM PDT Spain's largest oil integrated Repsol YPF, S.A. (NYSE:REP) entered into a definitive agreement with Qatargas for the supply of liquefied natural gas (LNG) at the Canaport LNG plant in Canada. Under this agreement, Qatargas will supply LNG for several years to Canaport, which is operated by Repsol.
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| Rogers Conducting LTE Trial Run Posted: 08 Oct 2010 04:05 PM PDT Rogers Communications Inc.(NYSE:RCI) has recently launched a comprehensive technical trial for its next-generation (4G) super-fast Long-term Evolution (LTE) network in Ottawa. The company is conducting LTE trials using the network infrastructure of LM Ericsson AB (NASDAQ:ERIC). Rogers is using the AWS spectrum for this trial run, which it acquired through a recent auction. Additionally, the company is also trying hard to secure a 700 MHz spectrum, which is best suitable for the LTE … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Oct 2010 04:05 PM PDT We recently moved to a Neutral rating for PPL Corporation (NYSE:PPL), following the recent receipt of regulatory approvals for the much-talked about E.ON acquisition.
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| DineEquity Prices $825M Offering Posted: 08 Oct 2010 03:35 PM PDT DineEquity Inc. (NYSE:DIN), the owner of Applebee's Neighborhood Grill & Bar and IHOP restaurants, announced the pricing of $825 million senior unsecured notes, which were offered on September 20, 2010. The senior notes bear an interest rate of 9.5% and will mature in eight years. The senior note offering is expected to close on October 19, 2010. The company plans to use the sale proceeds from the offering to finance a simultaneously announced cash tender offer, as well as buy back debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Oct 2010 03:35 PM PDT British oil giant BP Plc (NYSE:BP) reached a new 30-year production sharing agreement ("PSA") with the State Oil Company of the Republic of Azerbaijan ("SOCAR"). The companies will jointly explore and develop the Shafag-Asiman block in the Azerbaijan sector of the Caspian Sea.
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| Marathon Disposes Minnesota Assets Posted: 08 Oct 2010 03:35 PM PDT Marathon Petroleum Company LP ("MPC"), a wholly owned subsidiary of Marathon Oil Corporation (MRO), signed a deal to sell Minnesota downstream assets to two private equity firms for approximately $900 million. The letter of intent of the deal was signed in May, 2010.
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| New GM Gets First Credit Rating Posted: 08 Oct 2010 03:05 PM PDT General Motors (MTLQQ), or GM, has received a credit rating for the first time since being under bankruptcy protection last year. The automaker was given an initial issuer default rating of BB-, a junk-level credit rating, by Fitch Ratings. The credit rating was based on the automaker's strong liquidity, better cost structure and competitive lineups. In fact, the same rating was assigned to GM's hometown rival, Ford Motor Co. (NYSE:F). However, GM and Ford have taken relatively different … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Oct 2010 03:05 PM PDT Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) announced first-quarter fiscal 2011 results after the closing bell on Oct 7, 2010, with earnings of 8 cents a share matching the Zacks Consensus Estimate while trailing the year-ago earnings of 9 cents. Net income dipped 9.5% year-over-year to $1.9 million, impacted by a soft vascular business, higher cost of sale, losses on interest rate swap and unfavorable foreign exchange swings. Revenue Revenues budged up 3% year over year … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Preview: Earnings Season Gets Underway Posted: 08 Oct 2010 02:35 PM PDT Earnings Preview 10/08/10 The third quarter earnings season is now "officially underway." However, we still have a relatively light earnings release schedule, with a total of only 65 firms, but that includes 18 from the S&P 500. We define any fiscal period ending in August, September and October to be the third quarter. So we have already been getting some "pre-season games" of firms with fiscal periods that end in August, but those have just been a trickle. As of the 10/7 close, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GE Acquires Calnetix Power Assets Posted: 08 Oct 2010 02:35 PM PDT With the world recognizing the industrial waste heat utilization as an important source of energy, General Electric Co. (NYSE:GE) expanded its portfolio with the acquisition of certain assets of Calnetix Power Solutions, a subsidiary of Los Angeles-based Calnetix Inc. The assets acquired are capable of producing electricity by recovering waste heat from industrial processes. Capturing and using energy from industrial processes can contribute to the reduction of energy costs of industrial plants. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Milestone For Accuray’s CyberKnife Posted: 08 Oct 2010 02:35 PM PDT Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) has achieved an important milestone as patients treated with its CyberKnife robotic radiosurgery system have reportedly reached the 100,000 mark. CyberKnife is a non-invasive alternative to traditional surgery and is the only commercially available intelligent robotic radiosurgery system designed to treat solid tumors anywhere in the body. Patients can be treated with CyberKnife without anesthesia and without the risks and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Cepheid Inks Deal With Novartis Posted: 08 Oct 2010 02:05 PM PDT Recently, Cepheid (NASDAQ:CPHD) and Novartis (NYSE:NVS) entered into a collaboration agreement to commercialize a test for monitoring the BCR-ABL gene in patients diagnosed with Philadelphia chromosome-positive chronic myelogenous leukemia (Ph+ CML). The test is approved in Europe and has been available outside the US since 2006. Successful commercialization of the test in the US is expected to boost the company's revenues going forward. Subsequent to the agreement with Novartis, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Scientific Games Sells Racing Division Posted: 08 Oct 2010 02:05 PM PDT Scientific Games Corporation (NASDAQ:SGMS) announced the completion of the sale of its Racing and Venue Management businesses (Scientific Games Racing) to Sportech, a U.K.-based gaming company. Under the agreement, Scientific Games received $59 million upfront (approximately $33 million in cash and approximately 39.7 shares of Sportech stock, valued at approximately $26 million, based on the closing price of Sportech’s stock on October 4, 2010). This represents approximately 20.0% of Sportech’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Oct 2010 02:05 PM PDT We are upgrading our rating on CRA International Inc. (NASDAQ:CRAI), formerly Charles River Associates, to Neutral from Underperform. The company provides legal, regulatory, business consulting and other expert services through its specialized consultants across the globe. The rating was upgraded on the back of third quarter 2010 earnings results, which were in line with the Zacks Consensus Estimate. This was mainly due to margin improvement and pickup in larger projects and engagements, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Immucor Meets, Slashes Guidance Posted: 08 Oct 2010 01:35 PM PDT Immucor, Inc. (NASDAQ:BLUD) reported an EPS of 30 cents for the first quarter of 2011 (ending in August 2010), meeting the Zacks Consensus Estimate and unchanged from the year-ago quarter. The company reported a 1% increase in revenues to reach $83.6 million. However, revenues were marginally lower than the Zacks Consensus Estimate of $84 million. Apart from currency fluctuations, which had a negative impact of $1.3 million, revenues were impacted by fewer ship cycles and lower sales volume. To … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ELP Downgraded To Underperform Posted: 08 Oct 2010 01:35 PM PDT We recently downgraded our recommendation for Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, one of the leading Brazilian electricity utilities, from Neutral to Underperform. Second Quarter Highlights COPEL's second quarter results were disappointing with its net income dipping 53.2% year over year to R$135.7 million (US$75.4 million), or R$0.50 per share (US$0.28 per ADR) compared with R$290.0 million (US$138.8 million) or R$1.06 per share (US$0.51 per ADR) in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Ambac Drops Charges Against Lehman Posted: 08 Oct 2010 01:35 PM PDT Ambac Assurance Corporation, the bond insurance unit of Ambac Financial Group (NYSE:ABK), has decided to withdraw $6.1 billion worth of charges against Lehman Brothers Holdings Inc. that it had filed in 2009. Ambac Assurance will withdraw 60 claims it had filed against Lehman and its various subsidiaries for breaching obligations related to certain residential mortgage-backed securities. This act of leniency on part of Ambac Assurance also implies a reciprocated favor from Lehman, which would … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Oct 2010 01:05 PM PDT Ruby Tuesday Inc. (NYSE:RT), a casual dining restaurant operator, recently reported first-quarter 2011 adjusted earnings of 17 cents a share, surpassing the Zacks Consensus Estimate by 1 cent. On a reported basis, including one-time gains, quarterly earnings came in at 19 cents a share, reflecting a substantial increase from 11 cents delivered in the prior-year quarter. Total revenue for the quarter inched up 0.7% year over year to $302.7 million, attributable to a rise in comparable-store sales. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Comparables Still Red For HOTT Posted: 08 Oct 2010 12:35 PM PDT Hot Topic Inc. (NASDAQ:HOTT), a shopping mall-based specialty retailer, remains in the red with same-store sales sliding 2.6% in September 2010, witnessing the 17th consecutive month of falling same-store sales. However, the drop in same-store sales narrowed from a decline of 4.0% witnessed in the prior-year month.
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| Posted: 08 Oct 2010 12:35 PM PDT ITT Corporation (NYSE:ITT) has received a $1.4 billion contract from the U.S. Army Rock Island Contracting Center to provide support services to the Kuwaiti facilities of the army. The contract is for a period of one year, with the option of four one-year extensions.
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| Two More States Reporting Sept. Tax Increases Posted: 08 Oct 2010 12:08 PM PDT 1. Georgia’s economic picture brightened with the news that state tax and fee collections increased in September by nearly 6 percent over the same month a year ago. It is the fourth consecutive month of positive revenue collections and follows a 13 percent jump in August. Revenue was up 3.8 percent in June and 4.7 percent in July. 2. Kentucky's general fund receipts for September 2010 were up 5.3 percent from September 2009. During September, the state's individual income tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Debt Offer From Regency Centers Posted: 08 Oct 2010 12:05 PM PDT Regency Centers Corp. (NYSE:REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently completed the sale of 4.8% senior unsecured notes due April 2021. Wells Fargo Securities LLC, part of Wells Fargo & Company (NYSE:WFC), and J.P. Morgan Securities LLC, the investment banking division of JPMorgan Chase & Co. (NYSE:JPM), were the joint book-running managers for the offering.
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| Employment Report In Depth (pt. 2) Posted: 08 Oct 2010 12:05 PM PDT Demographics of Joblessness This recession has hit men harder than it has hit women. However, over the past year, things seem to be "evening out" between the genders. In another piece of the "no change" meme is that this month, the unemployment rates for both men and women were unchanged. In September, the unemployment rate for adult men remained at 9.8%, and up from 9.7% in July, but down from 10.3% a year ago. A bit of that is an illusion, though, as the participation rate for men … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| More Franchise Stores For Jamba Posted: 08 Oct 2010 12:05 PM PDT Jamba Inc. (NASDAQ:JMBA), the leading restaurant retailer of food and beverage offerings, recently inked an agreement to develop 13 new stores in Boston, Massachusetts, New Orleans, Louisiana and South Bend, Indiana markets with three new franchisees. This recent franchise development activity ensures accelerated growth of the company and complements the 311 franchise stores that are operating currently.
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