Thursday, May 24, 2012

DailyMarkets.com - Shire Presents Data On Venvanse

DailyMarkets.com - Shire Presents Data On Venvanse

Shire Presents Data On Venvanse

Posted: 24 May 2012 09:53 AM PDT

Shire (NASDAQ:SHPGY) recently presented positive results on Venvanse (lisdexamfetamine dimesylate) from a phase III study at the EUNETHYDIS 2nd International Attention-Deficit/Hyperactivity Disorder (ADHD) Conference.
In this phase III double-blind, placebo-controlled, randomized study, long-term maintenance of efficacy and safety of Venvanse in children and adolescents aged 6 to 17 years with moderately symptomatic ADHD was evaluated. Significantly less treatment failures were observed in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novatel Wireless Revert To Neutral

Posted: 24 May 2012 09:53 AM PDT

We are downgrading our recommendation on Novatel Wireless Inc. (NASDAQ:NVTL) to Neutral, following its mixed financial results in the first quarter of 2012. Although revenue surpassed the Zacks Consensus Estimate, earnings per share were way below it. We believe the company's overall financial condition will improve in the rest of 2012, driven by huge market traction of Novatel's 4G products, especially the 4G MiFi intelligent hotspots and Expedite embedded solution.
The company is upgrading its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Lots Misses, Guides Low

Posted: 24 May 2012 09:33 AM PDT

Big Lots Inc's. (NYSE:BIG) first-quarter 2012 earnings per share of 68 cents missed the Zacks Consensus Estimate by a penny and marked a decline of 2.9% from 70 cents earned in the year-ago quarter. Excluding the Canadian operations, earnings came in at 77 cents a share.
However, including one-time items, earnings came in at 63 cents, down 10% from the prior-year period.
Sales Details
Big Lots, which operates as a broad-line closeout retailer in the United States, offers food, health, beauty, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bid Filed By BofA & MERS Dismissed

Posted: 24 May 2012 09:33 AM PDT

According to Bloomberg, the federal judge in Texas (Dallas) has rescinded the bid filed by Bank of America Corporation (NYSE:BAC) and Mortgage Electronic Registration Systems Inc. (MERS). The bid was related to the dismissal of claims under a lawsuit against both of these companies. The lawsuit, filed by Texas counties accused MERS of misrepresenting the documents of property records.
U.S. District Judge Reed O'Connor ordered the counties to pursue further proceedings over their claims. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patterson Cos Beats 4Q & ’12 Ests

Posted: 24 May 2012 09:13 AM PDT

Patterson Companies, Inc. (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, reported its fourth quarter fiscal 2012 (ended April 28, 2012) adjusted earnings per share of 58 cents beating the Zacks Consensus Estimate by a penny. The year-ago earnings were 53 cents a share.
Adjusted earnings include Employee Stock Ownership Plan ("ESOP") related charges. In the reported quarter, profits slipped 0.9% year over year to $62.1 million (or 58 cents a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

COF’s Outlook Reiterated By Fitch

Posted: 24 May 2012 09:13 AM PDT

Following the successful completion of the acquisition of HSBC Holdings Plc's (NYSE:HBC) U.S. credit card operations, Fitch Ratings affirmed all the ratings for Capital One Financial Corp. (NYSE:COF). In addition, the rating agency removed the company as well as all its subsidiaries from Rating Watch Negative and maintained a "Stable" outlook.
Moreover, Fitch reiterated Capital One's long-term Issuer Default Ratings (IDRs) at "A-" and subordinated debt at "BBB+".
Capital One wrapped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Heinz Beats EPS, Gives 2013 View

Posted: 24 May 2012 08:58 AM PDT

The H. J. Heinz Company (NYSE:HNZ) posted better-than-expected fourth quarter 2012 adjusted earnings of 81 cents per share, exceeding the Zacks Consensus Estimate of 79 cents. Earnings also surpassed the prior-year earnings by 17.4%, driven by top-line growth. Including productivity initiative charges of 27 cents per share, reported earnings declined 21.4% to 54 cents per share in the reported quarter.
During the quarter, total sales climbed up 5.6% to $3.05 billion, led by strong growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tiffany Misses, Trims Outlook

Posted: 24 May 2012 08:58 AM PDT

Tiffany & Company (NYSE:TIF) posted lower-than-expected first-quarter 2012 results. The quarterly earnings of 64 cents a share missed the Zacks Consensus Estimate of 69 cents, and dropped from 67 cents earned in the prior-year quarter. The disappointing bottom-line result was a reflection of dismal performance in the Americas region due to soft demand for jewelry.
Despite registering a growth in the top line, the company witnessed a drop in the bottom line due to a 10% rise in the cost of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hhgregg Beats, Views 2013 Outlook

Posted: 24 May 2012 08:58 AM PDT

hhgregg Inc. (NYSE:HGG) has delivered adjusted earnings of 39 cents per share for the fourth quarter ended March 31, 2011, exceeding the Zacks Consensus Estimate by 2 cents.
Earnings in the fourth quarter of 2012, however, declined 2.5% on a year-over-year basis from 40 cents per share, as gross margin contraction and higher advertising expenses offset the top-line increase.
The adjusted earnings in the fourth quarter of 2012 exclude income from life insurance proceeds, severance related to death … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harsco Wins Multiple Awards

Posted: 24 May 2012 08:58 AM PDT

Earlier this week, Harsco Corporation (NYSE:HSC) received three multi-year contract renewals with total value of over $120 million. Two of these awards pertain to continuing its on-site operations at two U.S. steel manufacturing units, whereas the third contract is for the reconstruction and recovery of the Geneva Steel works at Vineyard, Utah.
The renewal contracts attained by Harsco shall directly escalate revenues for its Metals and Minerals segment, adding to the record $1 billion sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Republic Services Begins Renovation

Posted: 24 May 2012 08:43 AM PDT

Republic Services (NYSE:RSG) will initiate modernization of its recycling facilities at the St. Louis area by spending $19 million. The renovation activities would be carried on both at North County and South County of St. Louis.  
The renovation activity follows Republic Services' decision to enhance its capabilities in recycling centers, for which the company started investing significantly since last year. It invested nearly $46 million in 2011 to develop and upgrade these centers.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

POSCO Opens 3rd CSPC Unit In China

Posted: 24 May 2012 08:43 AM PDT

Korean steel maker, POSCO (NYSE:PKX) has moved a step forward to leverage benefits from the growing automotive market in China. The company’s third automotive steel processing facility with annual processing capacity of 50,000 tons, started operating recently in the Chinese city of Kunshan, Jiangsu Province.
POSCO’s presence in the Chinese automotive sector dates back to 2004 with the opening of its first automotive steel processing unit, POSCO-CSPC. The company since then has been making … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Trade Mixed, HP Rallies

Posted: 24 May 2012 08:28 AM PDT

05/24/12 Wall Street traded on both sides of the flat line following mixed US data and uncertainty over Europe. Hewlett-Packard shares advanced on its latest earnings results and restructuring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ResMed Debuts In Japan

Posted: 24 May 2012 08:18 AM PDT

Following an impressive third quarter of fiscal 2012, ResMed Inc. (NYSE:RMD) is leaving no stone unturned to expand its operations further. The company launched its first product in Japan named Omron Sleep Design HSL-101, a wireless sleep monitoring device.
This product was launched by ResMed's recently acquired company BiancaMed Ltd.'s partner Omron Healthcare and was developed using BiancaMed technology. The new device forms a part of the “All for Healthcare" strategy of Ormon, which seeks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FedEx’s New Service For SMB Clients

Posted: 24 May 2012 07:58 AM PDT

In a bid to lend support to Small and Medium Business (SMB) enterprises, FedEx Corporation (NYSE:FDX) has introduced a new service called FedEx Office Business Edge. The new service is primarily a web page that provides useful information to small clients to successfully set up their business.
The new Office Business Edge service will help SMB clients in a number of ways by offering posters, signs and banners at a cheap rate. Moreover, through this service, SMB customers can dispatch goods, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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