DailyMarkets.com - Seven Arts Shifts Focus To Larger Films And Improves The Balance Sheet

Seven Arts Shifts Focus To Larger Films And Improves The Balance Sheet
GM Peugeot Alliance Reports: Legland -”makes Sense”
Health Care REIT Prices Offering
Archer, Wilmar In Global Partnership
Jobs, Retailers Highlight Thursday’s Calendar
Will Fuel Price Limit Sky Profits?
Neutral On AmerisourceBergen
EBay To Expand Auto Catalogue
Goldman In Global Expansion Mode
Novartis’ Rasilez To Carry Warning
AZN Tries To Revive Off-Patent Drug
SocGen’s Legland: “Greek Situation Not Yet Solved”
Par Pharma Absorbs Edict Pharma
HSBC To Issue Shares To Pay Bonuses
H-P Earnings Beat, Revs Miss
Telus Boosts Dividend By 5%
UPS, TNT Talks Continue
Stocks Fall, Snap Three-day Winning Streak
CME Hikes Stake In Dubai Mercantile
P.F. Chang’s Buys True Food Stake
Regeneron Treads The Neutral Path
Dell Reports In Line
Allstate Hikes Dividend By A Whisker
J&J CEO To Step Down
PEG Steady Biz Boosts Dividend
Earnings Scorecard: Strayer
FCG, GASX
Dollar Rebound Continues
US Stocks Flatline, EU Debt And Data Eyed
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Seven Arts Shifts Focus To Larger Films And Improves The Balance Sheet

Posted: 22 Feb 2012 04:20 PM PST

Seven Arts Shifts focus to Larger films and improves the Balance Sheet
Ken Nagy, CFA
On February 21, 2011, Seven Arts Entertainment Inc. (SAPX), the independent motion picture production and distribution company, reported results from operations for its second quarter and six months, ended December 31, 2011.

While second quarter results were weak, Seven Arts reported substantial progress in reducing debt and increasing its stockholder equity.

The Company's year over year revenues fell from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Peugeot Alliance Reports: Legland -”makes Sense”

Posted: 22 Feb 2012 03:58 PM PST

02/22/12 Patrick Legland, Head of Global Research at
Société Générale, weighs in on the possibility of a GM-Peugeot alliance. The implications of rising oil prices are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Care REIT Prices Offering

Posted: 22 Feb 2012 03:40 PM PST

Health Care REIT, Inc. (NYSE:HCN) recently announced that it has priced its underwritten public offering of 18 million shares at $53.50 per share with the total amount estimated at $963 million. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters for purchasing an additional 2.7 million shares.
HCN intends to utilize the proceeds generated from the transaction to repayadvances under its unsecured lines of credit, to repay other outstanding debts and for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Archer, Wilmar In Global Partnership

Posted: 22 Feb 2012 03:30 PM PST

Food processing company Archer Daniels Midland Company (NYSE:ADM) signed a memorandum of understanding with its long-time partner Wilmar International Limited to work hand in hand in areas such as global fertilizer purchasing and distribution, global ocean freight operations, and tropical oils refining in Europe.
As per the terms of the memorandum, both the companies will partner with each other in the global fertilizer business engaging in purchase and distribution. As global partners in ocean … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobs, Retailers Highlight Thursday’s Calendar

Posted: 22 Feb 2012 03:20 PM PST

02/22/12 US jobless claims and earnings from retailers will be released on Thursday. The FHFA home prices index and EIA petroleum inventory numbers top off the economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will Fuel Price Limit Sky Profits?

Posted: 22 Feb 2012 03:15 PM PST

Fuel price volatility is the major threat to the airline industry. Fuel prices, though high currently, remain well below the 2008 level of over $140 per barrel that had ravaged the airlines industry. Even a small change in fuel prices can significantly affect profitability. Projecting this key variable with any level of accuracy has always been extremely challenging.
Airlines stocks tumbled yesterday on the rising crude oil price, which directly influences the cost of jet fuel that accounts for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On AmerisourceBergen

Posted: 22 Feb 2012 03:01 PM PST

We recently reiterated our Neutral recommendation on AmerisourceBergen Corp. (NYSE:ABC), which carries a Zacks #3 Rank (Hold rating) in the short-run.
AmerisourceBergen, one of the world's largest pharmaceutical services companies recently reported first quarter fiscal 2012 earnings of 63 cents per share, representing a year-over-year increase of 10.5%. Earnings, which were in line with the Zacks Consensus Estimate, were spurred by higher revenues and a lower share count. Total revenue for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EBay To Expand Auto Catalogue

Posted: 22 Feb 2012 02:50 PM PST

E-commerce service provider, eBay Inc. (NASDAQ:EBAY) has agreed to acquire WHI Solutions (WHI), a provider of software and digital catalog solutions for auto parts distributors and retailers. Terms of the deal were not disclosed.
WHI Solutions offers an e-catalog for electronic parts and service dealer data for over 39,000 North American vehicles. This acquisition will not only beef up the catalog on eBay Motors, which sells both used cars and car parts and equipment for boats, trucks and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman In Global Expansion Mode

Posted: 22 Feb 2012 02:50 PM PST

On Tuesday, Globes, a business daily of Israel, reported that The Goldman Sachs Group Inc. (NYSE:GS) has purchased a 10% stake in Israel-based Viola Group for $20 million. With about $2 billion in investments under management, Viola Group is a leader in innovative private equity investment. The company is focused on technology-based growth opportunities in Israel.
According to the source, Goldman will not be the part of management team of Viola Group following the stake buyout; it will be just a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novartis’ Rasilez To Carry Warning

Posted: 22 Feb 2012 02:35 PM PST

Novartis (NYSE:NVS) recently announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has recommended including a warning in the label of hypertension medicine Rasilez in the European Union (EU). Rasilez is marketed as Tekturna in the US.
In December 2011 Novartis had stopped the ALTITUDE study which was investigating Tekturna/Rasilez in a high-risk population of patients with type-II diabetes and renal impairment following recommendation from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AZN Tries To Revive Off-Patent Drug

Posted: 22 Feb 2012 02:30 PM PST

AztraZeneca (NYSE:AZN) recently announced a new initiative, the Arimidex Direct program, to provide branded Arimidex (anastrozole) directly to patients. As per this scheme, patients will receive the breast cancer drug, Arimidex, for $40 per month. The product will be mailed directly to patients by a pharmacy benefit management services provider, Express Scripts (NASDAQ:ESRX).
All patients with valid prescriptions are eligible for the Arimidex Direct program. The program does not require a qualification … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SocGen’s Legland: “Greek Situation Not Yet Solved”

Posted: 22 Feb 2012 09:20 AM PST

02/22/12 Patrick Legland, Head of Global Research at
Société Générale, discusses the Greek bailout deal and the debt crisis. The near-term outlook for the US and the Euro-zone are also weighed in light of the latest economic data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Par Pharma Absorbs Edict Pharma

Posted: 22 Feb 2012 02:11 PM PST

Par Pharmaceutical Companies Inc. (NYSE:PRX) recently announced that it has completed the acquisition of India-based generic company Edict Pharmaceuticals. Par Pharma paid $20.5 million at the close of the transaction along with a debt repayment of $4.4 million.
Edict Pharma, located in Chennai, India, develops and manufactures solid oral dosage generic pharmaceuticals and currently has 11 abbreviated new drug applications (ANDA) filed with the US Food and Drug Administration (FDA).
Par Pharma had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HSBC To Issue Shares To Pay Bonuses

Posted: 22 Feb 2012 02:11 PM PST

In order to follow the regulators' advice regarding cash conservation, HSBC Holdings Plc. (NYSE:HBC) is planning to issue shares to pay cash bonuses to its UK-based senior executives. After issuing new shares, the company will sell the same in the open market. The proceeds from the sale of these shares will be utilized to pay non-deferred cash compensations of more than £50,000 ($79,000).
However, employees who receive total cash bonuses below £50,000 will be getting the same as they used to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Earnings Beat, Revs Miss

Posted: 22 Feb 2012 01:55 PM PST

Times are tough these days for PC makers. Hewlett-Packard (NYSE:HPQ), which reported fiscal first quarter 2012 earnings after the bell Wednesday, beat the Zacks Consensus Estimate for earnings but is seeing its shares selling off in the after-market, similar to the way Dell, Inc.’s (NASDAQ:DELL) did yesterday.

Hewlett-Packard reported earnings of 92 cents per share, a 5.75% positive surprise, on revenues totaling $30 billion in the quarter. But this was a pretty low hurdle to get over; in fact, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Telus Boosts Dividend By 5%

Posted: 22 Feb 2012 01:50 PM PST

Telus Corporation's (NYSE:TU) raised its quarterly dividend to 61 Canadian cents per share for the second half of the year based on continued earnings growth and strong cash flow.
The second largest Canadian telecommunications company reported strong fourth quarter and fiscal 2011 earnings that increased 11.9% and 9.9% year over year, respectively. Free cash flow climbed, respectively, 77% and 6.2% year over year in the fourth quarter and 2011.
The new quarterly dividend represents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UPS, TNT Talks Continue

Posted: 22 Feb 2012 01:50 PM PST

United Parcel Service (NYSE:UPS) is still negotiating the acquisition of TNT Express, the Dutch package delivery company. United Parcel's preliminary bid of €9 per share, or €4.9 billion ($6.45 billion) in total, was rejected, but the company still hasn't given up hope on Europe’s second-largest express delivery company.
UPS made the proposal nine months after TNT spun off from PostNL and suffered persistent market share loss. If successful, the takeover will make UPS an undisputed leader … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Fall, Snap Three-day Winning Streak

Posted: 22 Feb 2012 08:45 AM PST

02/22/12 US stocks slipped Wednesday, snapping a three-day winning streak, as investors took a cautious stance on the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CME Hikes Stake In Dubai Mercantile

Posted: 22 Feb 2012 01:34 PM PST

In an attempt to strengthen its oil futures market, yesterday, CME Group Inc. (NASDAQ:CME) announced the acquisition of another 25% stake in the Dubai Mercantile Exchange (DME), thereby owning 50% of this Dubai's commodities exchange in total.
The DME was established as a joint venture (JV) between the Dubai and Omani governments and the New York Mercantile Exchange (NYMEX) in 2007. However, following the acquisition of NYMEX by CME, the latter got a one-fourth stake in the DME.
While CME doubled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

P.F. Chang’s Buys True Food Stake

Posted: 22 Feb 2012 01:34 PM PST

P.F. Chang’s China Bistro Inc. (NASDAQ:PFCB) recently inked a definitive agreement to obtain a majority equity ownership position in True Food Kitchen – a Fox Restaurant Concept ("FRC") specializing in healthy, locally sourced and globally inspired meals.
In 2009, the company entered into an agreement with FRC to provide debt capital for the early-stage development of True Food Kitchen restaurants. Per the agreement, P.F. Chang’s obtained a right to convert its loan into a majority equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regeneron Treads The Neutral Path

Posted: 22 Feb 2012 01:19 PM PST

We continue to have a Neutral recommendation on Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) following the appraisal of fourth quarter and full-year 2011 results.
Regeneron suffered a wider year-over-year loss in the final quarter of 2011. The wider loss was attributable to higher operating expenses and lower revenues. (Read our full coverage of the earnings report at Regeneron’s Loss Widens, Eylea Grows).
Going forward, we expect investor focus to be on the sales ramp of eye-drug, Eylea, which was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dell Reports In Line

Posted: 22 Feb 2012 01:07 PM PST

Dell Inc. (NASDAQ:DELL) delivered earnings of 51 cents per share in the fourth quarter of 2012, which was in line with the Zacks Consensus Estimate. Following the earnings release, the company's share price dipped 5.05% to $17.29 in after hour trade.
Revenues
Dell reported total revenue of $16.03 billion in the reported quarter, up 2.2% from the year-ago quarter and roughly in line with the Zacks Consensus Estimate of $16.0 billion. The marginal improvement in revenue can be attributed to decent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate Hikes Dividend By A Whisker

Posted: 22 Feb 2012 01:00 PM PST

Yesterday, the board of Allstate Corporation (NYSE:ALL) announced a 4.8% increase in its quarterly dividend to 22 cents, a penny higher from the prior 21 cents. The hiked dividend will be paid on April 2, 2012 to the shareholders of record as on March 5, 2012.
This marks the second hike since 2008, the last one being a 5% hike from 20 cents in February 2011. In November last year, Allstate had also sanctioned a new share repurchase program worth $1.0 billion.
While the share buy back will be made … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J&J CEO To Step Down

Posted: 22 Feb 2012 12:40 PM PST

Johnson & Johnson (NYSE:JNJ) recently announced that Bill Weldon, its Chief Executive Officer (CEO), will be stepping down from his post. Mr. Weldon, however, will continue to serve as Chairman of the Board of Directors.
Mr. Weldon, CEO at Johnson & Johnson since 2002, will be replaced by Mr. Alex Gorsky, who currently holds the post of the Vice Chairman of the Company’s Executive Committee. Mr. Gorsky is also responsible for the Medical Devices & Diagnostics Group, Global Supply … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PEG Steady Biz Boosts Dividend

Posted: 22 Feb 2012 12:25 PM PST

Public Service Enterprise Group (NYSE:PEG) has increased its dividend by 3.6%, bringing the annualized dividend to $1.42 per share from the previous payout of $1.37 per share. The company's strong balance sheet and cash flow generating abilities ensure a steady rise to the dividend.
The company will now pay a quarterly dividend of 35.5 cents per share compared with the prior quarterly dividend of 34.25 cents per share. The dividend will be paid on March 31, 2012, to shareholders of record at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Strayer

Posted: 22 Feb 2012 12:05 PM PST

The dwindling economy coupled with stringent regulatory environment and falling enrollments are making life tougher for education companies, and Strayer Education, Inc. (NASDAQ:STRA) remains no exception. The for-profit education institutions are now restraining from aggressive admission practices amidst condemnation related to the issue of a rise in the default rate of student loans
Strayer Education recently reported fourth-quarter 2011 results, and in the following paragraphs we will discuss the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FCG, GASX

Posted: 22 Feb 2012 11:50 AM PST

Weekly update on the First Trust ISE Revere Natural Gas Index Fund and the First Trust ISE Global Copper Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Rebound Continues

Posted: 22 Feb 2012 05:00 AM PST

02/22/12 The U.S. dollar continued its rally this afternoon in the forex markets on growing Greek bailout skepticism and weak manufacturing data in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Flatline, EU Debt And Data Eyed

Posted: 22 Feb 2012 03:18 AM PST

02/22/12 US equities traded nearly flat at the open, as mixed earnings reports and global fundamentals were digested. Euro-zone PMI and US housing data missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards