Briefing.com: Hourly In Play (R) – 08:00 ET

Sep 30, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 30-Sep-10 08:00 ET

07:40

NOK Nokia N8 entertainment smartphone shipments started (9.82 )

"The Nokia N8 has received the highest amount of consumer pre-orders in Nokia history and we are thrilled to start shipments of the N8, the first of Nokia's new Symbian smartphone range."

07:36

NXG Northgate Minerals prices and upsizes convertible note offering to $150 mln (3.14 )

Co announces that as a result of strong investor demand for its previously announced public offering of convertible notes due 2016, it has agreed to increase the size of the offering from $135 mln to $150 mln. The Convertible Notes are being offered and sold at a price of 100% of their face value and will bear interest at a rate of 3.5% per year. The underwriting syndicate is led by UBS Securities acting as the sole bookrunning manager and includes Canaccord Genuity Corp, CIBC, Mackie Research Capital, Cormark Securities, Credit Suisse Securities, Macquarie Capital Markets Canada, Scotia Capital and TD Securities.

07:36

WIRES On The Wires

Broadwind Energy (BWEN) entered into a new secured borrowing arrangement. The new facility, which has a three-year term, provides committed funding of up to a $10 mln aggregate limit, tied to accounts receivable. The borrowing rate is based on 90-day Libor, with an all-in borrowing cost today of ~6.1%... Sun Healthcare Group (SUNH) will be holding a special stockholder meeting on Nov. 4, 2010 to vote on the previously announced restructuring pursuant to which Sun is separating its operating assets and its real property assets by means of a distribution of SHG Services...Abiomed (ABMD) announced the launch of a specialized partner program that enables select top healthcare institutions to provide advanced training in hemodynamic support and complex patient management to better facilitate heart muscle recovery... Deltek (PROJ) announced that it will acquire INPUT Inc for $60 mln in an all cash transaction.

07:30

LCRD LaserCard receives $2.2 mln order for secure ID credentials for Saudi Arabia national ID card program (4.68 )

Co receives a follow-on purchase order valued at ~$2.2 mln for chip-ready, optical security media-based credentials for the Saudi Arabia national citizen ID card program. Delivery has been completed in the Company's current fiscal quarter, ending October 1, 2010. The ID cards are issued to Saudi citizens nationwide for identification and regional travel purposes.

07:17

SHPGY Shire Plc announces results of the tender offer for Movetis and commencement of squeeze-out tender period (68.43 )

Co announces that shareholders of Movetis have tendered 99.18% of the shares of Movetis during the initial acceptance period of the tender offer which closed on September 27, 2010. The shares tendered into the offer are expected to be settled on October 12, 2010. In addition, warrant holders of Movetis have agreed to tender 727,911 new shares to be issued on the settlement date following the conditional exercise of warrants. Co's offer is EUR19 in cash for each outstanding Movetis share.

07:15

WIRES On The Wires

Repros Therapeutics (RPRX) announced that the FDA has granted a Type B meeting to be held November 8, 2010 to discuss Phase III Protocols for Androxal...Gannett's (GCI) CareerBuilder Unveiled a Facebook Application to boost employee referrals and save on recruitment costs...Education Management (EDMC) announced that it has sent two letters to the U.S. Senate Health, Education, Labor, and Pensions ("HELP") Committee, which is holding a hearing on Thursday on for-profit companies involved in the post-secondary education industry...Affiliated Computer Services, a Xerox company (XRX), announced a new four-year contract to provide customer care services to 3 Italia.

07:05

MKC McCormick beats by $0.07, misses on revs; raises FY10 EPS guidance above consensus (41.10 )

Reports Q3 (Aug) earnings of $0.66 per share, excluding non-recurring items, $0.07 better than the Thomson Reuters consensus of $0.59; revenues rose 0.4% year/year to $794.6 mln vs the $809 mln consensus, in local currency sales grew 1% with 2% growth in volume and product mix. Improved margins were a key driver behind higher Q3 profit. Co raises guidance for FY10, sees EPS of $2.57-2.61, excluding non-recurring items, vs. $2.53 Thomson Reuters consensus and up from the upper end of $2.49-2.54 previously.

07:03

HYC Hypercom Board rejects unsolicited non-binding proposal from VeriFone (PAY) (4.23 )

Co announced that its Board of Directors has received and unanimously rejected an unsolicited, non-binding proposal from VeriFone Systems. The letter, which was received on September 27, 2010, proposed to acquire all of the outstanding common shares of the Company for $5.25 per share in cash. Hypercom's Board thoroughly reviewed VeriFone's unsolicited proposal with the assistance of its independent financial and legal advisors and concluded that the proposal significantly undervalues the Company and its future prospects and is not in the best interests of stockholders. Hypercom believes that VeriFone's proposal is opportunistic and intended to disrupt its business, which has successfully taken market share from VeriFone in several markets.

07:02

AIG American Intl announces plan to repay U.S. Government (37.45 ) -Update-

Co entered into an agreement-in-principle with the U.S. Department of the Treasury, the Federal Reserve Bank of New York (FRBNY), and the AIG Credit Facility Trust designed to repay all its obligations to American taxpayers and position AIG as strong, independent, and worthy of investor confidence. The plan involves three key components: 1) Repaying and Terminating the FRBNY Credit Facility with AIG... 2) Facilitating the Orderly Exit of the U.S. Government's Interests in Two Special Purpose Vehicles (SPVs) That Hold AIA and ALICO... 3) Retiring AIG's Remaining TARP Support and Series C Preferred Shares. AIG expects to repay and terminate the FRBNY credit facility and complete the issuance of common stock to the U.S. Treasury before the end of the first quarter of 2011, subject to regulatory approvals and other closing conditions.

07:02

VSEC VSE Corp awarded contract for transportation, storage, management & disposition of seized property; represents revs of potentially $80 mln over 10 years (35.41 )

07:02

ICFI ICF International awarded U.S. environmental protection agency ID/IQ contract (24.57 )

Co announces it has been named one of three winners of a five-year ID/IQ mission support re-compete contract with a total value to ICF of up to $31 mln. The contract will support the U.S. Environmental Protection Agency, Office of Solid Waste and Emergency Response, Office of Resource Conservation and Recovery.

07:01

ULBI Ultralife receives $5.2 million follow-on order for its BA 5390 military batteries from Defense Logistics Agency (4.34 )

This order represents the second release under the 5-year Indefinite Quantity Contract that commenced on September 14, 2010. Deliveries under this order are anticipated to occur in the first half of 2011.

07:01

KAMN Kaman awarded joint programmable fuze follow-on order valued at $36.0 mln (26.37 )

Co announces that its Aerospace segment has been awarded a purchase order from the United States Air Force for Joint Programmable Fuzes. The award for Foreign Military Sales in the amount of $36.0 mln is an addition to Option 7 of the co's contract with the USAF bringing the total value of Option 7 to $81.5 mln. Delivery of these additional fuzes is anticipated to occur in 2012.

07:01

RGEN Repligen announces completion of patient enrollment in Phase 2b clinical trial of RG2417 for bipolar depression; expect to report top-line results in the first quarter of 2011 (3.31 )

06:50

PPHM Peregrine Pharma and Affitech to amend license agreements to expedite development of novel fully human anti-VEGF antibody AT001/R84 for Brazil and Russia (1.46 )

Co announces amendment to agreement. Under the amended terms, Co and Affitech will reinvest their respective portions of any future milestone payments to be received under the agreements for the countries of Brazil, Russia and the CIS toward the further advancement of AT001/r84. In the event Affitech enters into a licensing deal for AT001/r84 in a major pharmaceutical market, Affitech has agreed to reimburse co for its milestone payments that were applied to the program while Affitech will be eligible to be reimbursed for up to 50% of its development costs in Brazil, Russia and CIS territories.

06:43

S&P futures vs fair value: -0.10. Nasdaq futures vs fair value: +1.80.

06:43

Asian Markets

Nikkei...9369.35...-190.00...-2.00%. Hang Seng...22358.17...-20.50...-0.10%.

06:43

European Markets

FTSE...5565.23...-4.00...-0.10%. DAX...6233.57...-13.50...-0.20%.

06:38

ELT Elster prices 16.2 mln ADS IPO at $13; under expected range of $16-18

Co prices 16.2 mln ADS IPO at $13. This is well under the $16-18 expected range. Of the 16.2 million ADSs, 13.5 million ADSs represent new shares issued by Elster Group SE, and the remainder are being offered by existing Elster shareholders. An over-allotment option of up to 2.43 mln additional ADSs will also be available from Rembrandt Holdings, co's largest shareholder, which is owned by funds advised by CVC Capital Partners.

06:38

RNO Rhino Resource Partners prices 3.2 mln IPO at $20.50 per share, near the high end of the $19-21 expected range

Co prices 3.2 mln IPO at $20.50, at the high end of the $19-21 expected range. Upon consummation of the offering, the public will own 3,244,000 common units (3,730,600 common units if the underwriters exercise their option to purchase additional common units in full). Co's general partner and an affiliate of Wexford Capital LP will own the remaining equity interests in co.

06:30

AVEO AVEO Pharma regains worldwide rights to develop and commercialize anti-HGF antibody candidate AV-299 (9.99 )

Co announces it has regained worldwide rights from Merck (MRK) to develop and commercialize AV-299. In conjunction with the Phase 2 trial initiation, co received an $8.5 mln milestone payment from MRK under the terms of the license agreement. Top-line efficacy data from the AV-299 Phase 2 trial are expected in late 2011.

06:19

WIRES On The Wires -Update-

Solutia (SOA) Introduced the co's new Saflex S series advanced solar absorbing interlayer for the global automotive glazing market. The new solar interlayer reduces cabin temperature and increases fuel efficiency...ACE UK (ACE) launched a self assessment tool for its clients in the retail sector to enable them to gather detailed risk information from multiple sites and to compare these against best practice benchmarks for a range of exposures...Arrow Electronics (ARW) announced that it has signed an exclusive agreement with Sanbolic to sell the Melio solutions in Finland, Norway, Sweden, Denmark, Lithuania, Latvia and Estonia...CME Group (CME) announced the launch of trading and clearing services for iron ore 62% Fe, CFR China (Platts) swap futures...AirMedia (AMCN) announced it has renewed its concession rights contract with China Southern Airlines... Teva Pharmaceuticals (TEVA) and OncoGenex Pharmaceuticals (OGXI) announced the initiation of SYNERGY, a global Phase 3 trial evaluating custirsen as first line therapy for the castrate-resistant prostate cancer...Acacia Research (ACTG) announced today that its Software Restore Solutions subsidiary, has entered into a settlement and license agreement with Teradata (TDC). This agreement resolves patent litigation that was pending.

06:11

TPCG TPC Group prices Private Offering of $350 mln (24.00 )

Co announces it priced priced an offering of $350 mln of senior secured notes due 2017, which will bear interest at a rate of 8.25% per annum. The notes are being sold at 99.35% of their face principal amount, plus accrued interest, if any, from October 5, 2010. Co intends to use the net proceeds to repay all outstanding indebtedness under its existing term loan credit facility and to fund a distribution to co for general corporate purposes.

06:03

GST Gastar Exploration completes middle Bossier zone; producing at a gross sales rate of ~10.3 MMCFD of natural gas at a flowing casing pressure of approximately 8,900 psi. (3.90 )

06:02

MAIN Main Street Capital announces listing transfer to New York Stock Exchange (15.91 )

Co announces it has completed the application process and has been authorized to transfer the listing of its common stock to the New York Stock Exchange. Main Street expects the shares of its common stock to begin trading on the NYSE under its current ticker symbol "MAIN" on or about October 14, 2010.

05:56

DYAX Dyax and CMIC announce partnership to develop and commercialize subcutaneous DX-88 for hereditary angioedema and other indications in Japan (2.35 )

Co announces agreement with CMIC to develop and commercialize subcutaneous DX-88 for the treatment of hereditary angioedema and other angioedema indications in Japan. DX-88 has been approved by FDA and is marketed as KALBITOR. Co will receive $4 mln upfront and $102 mln in future development and sales milestones for DX-88 in HAE and other angioedema indications.

05:12

CVD Covance and Sanofi-Aventis (SNY) sign definitive agreements for 10-year strategic R&D alliance (42.18 )

Co announces the signing of definitive agreements with sanofi-aventis (SNY)for co to become SNY's R&D partner. Over the next ten years, co expects to provide drug development services to SNY, with estimated payments ranging from ~$1.2-2.2 bln. SNY will sell their Porcheville, France and Alnwick, UK sites and facilities to co for ~$25 mln and co will maintain employment on these sites for at least the next five years. The transaction is expected to be completed before the end of the year.

05:08

SSRI Silver Standard: Snowfield Project-Gold Zone Continues to expand (20.42 )

Co announces that ongoing diamond drilling of the Snowfield Project continues expanding known mineralization to the south. Most of the new mineralization is in areas previously classified as waste in the Preliminary Assessment announced in September.

04:28

AIG American Intl enters into agreement to sell Star and Edison Life Companies to Prudential Financial (PRU) for $4.8 bln (37.45 )

Co announces a definitive agreement to sell its Japan-based life insurance subsidiaries, AIG Star Life Insurance and AIG Edison Life Insurance to Prudential Financial (PRU) for a total purchase price of $4.8 bln, comprising $4.2 bln in cash and $0.6 bln in the assumption of third-party debt. AIG will retain and continue to grow its general insurance business in Japan. The transaction is expected to close in the 1Q11. Co expects to take a non-cash pretax goodwill impairment charge of ~$1.2 bln in Q3.

04:24

CMM China Mass Media announces share repurchase program of up to $6 mln (2.32 )

03:05

AIB Allied Irish Banks updates equity capital raising; will launch EUR 5.4 bln capital raise in November (1.64 )

Co announces following a review of its capital requirements by the Irish Financial Regulator. The Financial Regulator has updated its assessment of AIB's capital requirement and has increased the amount of equity capital required under the Prudential Capital Assessment Review from EUR7.4 bln to EUR10.4 bln. The increased PCAR requirement for AIB has been set following an assessment by the Financial Regulator of AIB's potential losses on NAMA loans. With regard to equity capital raising in 2010 a EUR5.4 bln equity capital raising will be launched during November which will be completed before 31 December 2010.

02:19

CRYP CryptoLogic reaches settlement with Marvel comics (1.24 )

Co anounces that its wholly owned subsidiary, WagerLogic has reached a settlement of its arbitration with Marvel relating to the licensing of Marvel comic book characters.

01:57

WIRES On The Wires

Comcast (CMCSA) will hire 50 new call center representatives to keep pace with XFINITY demand...Paramount Digital Entertainment, distributor for Viacom (VIA) announced international expansion of 'The Legion of Extraordinary Dancers'...International Game Technology (IGT) announced the election of Janice Chaffin and Greg Creed to the co's Board of Directors...Boeing (BA) delivered its 11th 737-800 airplane to Air Algerie...iPass (IPAS) announced that it is extending its enterprise mobility services to support Android smartphones with iPass Open Mobile for Android...Verizon (VZ) announced as part of the ~$17 bln infrastructure investment, it will expand facilities to accommodate increased customer demand for public, private and hybrid cloud services...Nokia (NOK) has started shippings its N8 smartphone.

01:33

PEB Pebblebrook Hotel Trust acquires The Grand Hotel Minneapolis (18.20 )

Co announces it has acquired The Grand Hotel Minneapolis for $33.0 mln. During the next 12 months, the co currently forecasts that the hotel will generate EBITDA of ~$2.3-2.8 mln and net operating income after capital reserves of ~$2.0-2.5 mln. The co plans to invest ~$4.5 mln over the next 12-24 months in a refurbishment of guest rooms, the lobby and other various public area improvements. The Company expects to incur approximately $0.3 mln of costs related to the acquisition of this hotel that will be expensed as incurred.

01:24

MNTG MTR Gaming CFO resigns (1.82 )

Co announces David Hughes tendered his resignation from his position as Corporate EVP & CFO. He terminated his employment for good reason based on the resignation of Robert Griffin as CEO. Hughes has agreed to assist with the transition during the next 90 days.

01:18

SSN Samson Oil & Gas advises on Earl #1-13H Well & Gary #1-24H Well (1.35 )

Co advises that Earl #1-13H well will be drilled as a 5,500ft. horizontal well with an anticipated total measured depth of 17,000 feet. Based on the previous wells drilled by the operator, the Earl #1-13H is expected to take ~17 days to drill. The 20-stage frac job on the Gary #1-24H well has been successfully completed. A total of 2.1 mln pounds of proppant was pumped.

01:16

KED Kayne Anderson Energy to distribute dividend of $0.30/share for 3Q10 (15.74 )

01:14

RIMM Research In Motion executives adopt automatic securities disposition plans (48.36 )

Co announces that Co-CEOs have adopted new automatic securities disposition plans in accordance with the SEC's Rule 10b5-1.

01:09

VLCCF Knightsbridge Tankers Ltd prices public offering of 4.25 mln common shares at a price of $19.00/share. (19.42 )

01:06

AZK Aurizon Mines drill 112.50 grams/tonne of gold over 6.0 metres on the fayolle project (6.99 )

Co announces results from the first four holes from the exploration program on the Fayolle property in north-western Quebec. The current drill program is the first phase of a work program totalling $3.5 million to be spent by Aurizon under the joint venture agreement. The current exploration program at Fayolle is aimed at expanding the current resource laterally and down dip and at gaining enough geological knowledge to explore efficiently the favourable deformation corridor transecting the property. The current exploration program includes two drill rigs operating for the remainder of the year representing an estimated additional investment of approximately $3.0 mln.

18:32

CAR Avis Budget responds to Hertz's 'Dollar Thrifty Stockholder Strategy'; Avis offers to pay reverse termination fee (11.52 +0.20)

CAR issued the following statement in response to HTZ's announcement detailing the steps it will take in the event stockholders of DTG do not approve the proposed merger with HTZ: Hertz stated that if the Dollar Thrifty stockholders reject the Hertz merger, Hertz will end all efforts to acquire Dollar Thrifty. Based on this commitment, Avis Budget is now prepared to agree to pay a reverse termination fee of $20 million in a merger agreement with Dollar Thrifty. Avis Budget has always said that as long as Hertz had matching rights, Avis Budget would not consider a reverse termination fee. Now that Hertz has in effect eliminated those matching rights, Avis Budget is prepared to offer such fee.

18:25

BX Blackstone and Patria announce partnership in Brazil; Blackstone to purchase a 40% stake in Patria (12.37 +0.38)

Co announced a partnership in which Blackstone would purchase a 40% stake in Patria and the two firms would agree to cooperate in building their businesses in Brazil and throughout South America.

18:22

CSKI China Sky One Medical registers to sell ~1.6 mln shares from selling stockholders in Form S-3 (7.07 +0.10)

17:55

GNBT Generex Biotech appoints Mark Fletcher as Interim President and CEO, and John Barratt as Chairman of the Board (0.51 -0.00)

17:45

OPLK Oplink Comms will replace Landryâ??s Restaurants (LNY) in the S&P SmallCap 600 index after the close of trading on Wednesday, October 6 (19.01 +1.09)

17:33

DRYS DryShips announces compliance with original covenants on HSH syndicated loan (4.83 -0.02)

Co announced that it has executed two supplemental agreements under its Senior and Junior Loan Facilities with HSH Nordbank AG, as agent, with an aggregate outstanding balance of $520.9 million as of September 29, 2010. As a result of the amendments in these new supplemental agreements, the Company will be, as of October 1, 2010, in full compliance with all its financial and non-financial covenants under the original facilities, as subsequently amended. Furthermore, effective October 1, 2010, the margin under these facilities will revert back from the higher margins during the waiver period to lower pricing.

17:24

YRCW YRC Worldwide Board of Directors approves tentative labor agreement and reverse stock split (0.32 +0.02)

Co announced that its board of directors has approved a tentative agreement with the International Brotherhood of Teamsters, and the Teamsters approved submitting the tentative agreement to the company's Teamster represented employees for ratification. The agreement is designed to significantly improve the company's competitive position in the marketplace. Additionally, the agreement provides for re-entry of the YRCW operating companies into the multi-employer pension plans to which they contribute in a manner that provides important member benefits while maintaining an improved competitive market position for the company. The company plans to amend its certificate of incorporation on September 30, 2010 to implement a reverse stock split with a ratio of 1:25. The reverse stock split will be effective on the NASDAQ exchange on October 1, 2010. The reverse stock split will reduce the number of authorized common shares to 80 million from the current 2 billion and reduce the number of outstanding common shares to approximately 48 million from the current approximately 1.2 billion.

17:18

POR Portland Gen Elec withdraws waiver request for wind farm (20.36 +0.05)

The petition was filed September 2, 2010, and reflected PGE's need to execute a time-sensitive agreement with Renewable Energy Systems Americas for PGE's acquisition of the development rights assets for the Rock Creek Wind Farm in Gilliam County, Oregon.

17:16

BKC Burger King and 3G Capital announce early termination of HSR waiting period (23.88 -0.00)

17:11

SOA Solutia reaches agreements with its North American labor unions (15.96 -0.03)

Co announced that five of its North American labor unions, representing approximately 425 employees at four manufacturing locations, have ratified agreements covering items such as health and welfare benefits. The previous contract was scheduled to expire December 31, 2010. Under the new agreements, these benefits will be negotiated as part of each union's local collective bargaining agreement. None of those agreements carry a common expiration date.

17:08

NSSC Napco Security Systems files NT 10-K; delays 10-K (1.93 +0.05)

In filing, co states its review process with respect to certain classifications within its financial statements has not been completed prior to the filing date.

17:00

BAX Baxter receives approval for PREFLUCEL seasonal influenza vaccine in Austria (47.62 -0.33)

Co announced the first approval of PREFLUCEL by the Austrian Agency for Health and Food Safety (AGES). The vaccine was shown to be effective in preventing seasonal influenza and is indicated for prophylaxis of influenza in adults and the elderly. PREFLUCEL is manufactured using Baxter's proprietary advanced Vero cell technology.

16:59

YORW York Water announces settlement of rate case; provides for an increase in annual base rate revenues of $3.4 mln (16.40 +0.36)

Co announced that it has filed a settlement petition of its pending rate case with the Pennsylvania Public Utility Commission. The settlement, which is joined in by all active parties, provides for an increase in annual base rate revenues of $3,400,000.

16:57

HOT Starwood sells the St Regis Aspen for $70 mln to 315 East Dean Associates; immediately accretive to earnings (52.13 -1.44)

16:42

MHR Magnum Hunter files mixed shelf offering; value of up to $250 mln (4.14 -0.02)

16:36

SU Suncor Energy responds to diesel spill; s indicate that ~35 barrels of diesel leaked into the St. Lawrence River (32.48 +0.57)

Co is responding to a diesel spill that occurred last night at its Montreal refinery port facilities. Current estimates indicate that ~35 barrels of diesel leaked into the St. Lawrence River. Suncor's emergency response team was activated immediately supported by the Montreal fire department and containment booms were deployed into the river to contain the product at the dock. Currently, there is no evidence of any damage to fish or wildlife.

16:32

AJG Arthur J. Gallagher signs acquisition agreement with GAB Robins North America (26.30 +0.16)

Co announces that its subsidiary, Gallagher Bassett Services, has signed a definitive agreement to acquire substantially all the third-party administrator assets and managed care service operations of GAB Robins North America and its subsidiary MedInsights. It is expected that the transaction will generate approximately $45 million to $50 million in annualized revenue.

16:29

MTW Manitowoc announced plans to refinance a portion of its term loans under its senior secured credit facility; announces plans to issue at least $500 million in senior unsecured notes (10.67 +0.27)

Co announces plans to refinance a portion of its term loans under its senior secured credit facility with senior unsecured notes to improve the balance and flexibility of its capital structure. The amount of the offering, which is planned to occur in October subject to market conditions, has not yet been finalized but is expected to be at least $500 million. This planned refinancing will extend the maturity profile of the company's long-term debt and will introduce a greater amount of unsecured debt into the company's capital structure.

16:25

WU Western Union reports prelim Q3 revs above consensus; reaffirms FY10 guidance (17.40 +0.03)

Co reports preliminary Q3 revs increased 1% which equates to $1.327 bln vs $1.31 bln Thomson Reuters consensus. The Company's consumer-to-consumer revenue increased 1%, while constant currency revenue increased 3%. Transactions increased 10%. The Company affirms its full year outlook provided on July 27, 2010; sees FY10 $1.31-1.36 vs $1.36 Thomson Reuters consensus; sees FY10 rev growth of -2 to +1%, which equates to ~$5.0-5.1 bln vs $5.13 bln Thomson Reuters consensus.

16:22

NCT Newcastle Investment ticking lower (down ~6% in after hours) after co elected not to pay a common stock or preferred stock dividend (3.18 +0.02) -Update-

16:18

ENB Enbridge unit will expand Edmonton Terminal; targeted for completion by late 2012 (51.51 +0.26)

Co announced today that its wholly owned subsidiary, Enbridge Pipelines will expand the tankage of its mainline terminal at Edmonton, Alberta by one million barrels at an estimated cost of ~$260 million, subject to regulatory approval. The expansion is targeted for completion by late 2012. The expansion is required to accommodate growing oil sands production receipts both from Enbridge's Waupisoo Pipeline and other non-Enbridge pipelines. The expansion will be undertaken under the terms of the 2010 Incentive Tolling Settlement between EPI and the Canadian Association of Petroleum Producers (CAPP). Enbridge has received a letter of support from CAPP to undertake the project.

16:18

PODD Insulet reports that journal article concludes that the OmniPod System can improve diabetes management for people with type 1 diabetes (14.27 +0.26)

A new article, published this month in Diabetes Therapy, concludes that the OmniPod System improves upon existing conventional insulin delivery products and can benefit almost any patient with type 1 diabetes. "For many patients with type 1 diabetes, continuous subcutaneous insulin infusion therapy is the only way to reach acceptable glucose control levels ... The OmniPod Insulin Management System improves upon conventional delivery systems by allowing precise, round-the-clock insulin management coupled with a convenient tube-free design and an intuitive user interface."

16:17

NCT Newcastle Investment announces that its Board of Directors has elected not to pay a common stock or preferred stock dividend for the third quarter of 2010 (3.18 +0.02)

The Company decided to retain capital for liquidity, investment and working capital purposes.

16:17

SCLN SciClone Pharma identifies unique genetic markers associated with patient response to SCV-07 treatment in oral mucositis (2.64 -0.03)

Co announces that researchers have identified two unique gene clusters that differentiated subjects who responded to treatment in co's phase 2a proof of concept study of SCV-07 for the prevention of severe oral mucositis in patients with advanced head and neck cancer. Co believes that the discovery of these gene clusters may assist in providing the framework for effectively identifying those patients most likely to respond to SCV-07 in future clinical trials based on their individual genomic profile or gene signature. These findings were presented today in a poster presentation at the 4th American Association for Cancer Research International Conference on Molecular Diagnostics in Cancer Therapeutic Development.

16:14

WMT Wal-Mart elects Charles Holley as new CFO to succeed Tom Schoewe effective 11/30; Schoewe will stay on until 1/31 to help with the transition. (53.34 -0.48)

16:14

SNX Synnex beats by $0.12, beats on revs; guides Q4 EPS above consensus, revs in-line (25.90 -0.02)

Reports Q3 (Aug) earnings of $0.86 per share, excluding non-recurring items, $0.12 better than the Thomson Reuters consensus of $0.74; revenues rose 7.1% year/year to $2.15 bln vs the $2.11 bln consensus. Co issues guidance for Q4, sees EPS of $0.94-0.97 vs. $0.88 Thomson Reuters consensus; sees Q4 revs of $2.3-2.4 bln vs. $2.32 bln Thomson Reuters consensus. "In the third quarter we experienced ongoing broad-based demand and we continued to successfully drive our mix of higher margin products and services. Our Global Business Services segment performed well as it benefited from the ramp of recent competitive wins. Also, we continued to leverage our infrastructure to drive even greater operating margin expansion in both the Distribution and Global Business Services segments of our business."

16:11

CACB Cascade Bancorp announces extension of securities purchase agreements with private investors (0.56 unch)

Co announces that it has entered into an agreement with each of David Bolger and an affiliate of Lightyear Fund II, amending the Securities Purchase Agreements between the co and Mr. Bolger and the Company and Lightyear dated October 29, 2009, as amended February 16, 2010, June 1, 2010, June 30, 2010, July 15, 2010, July 30, 2010, August 31, 2010 and September 15, 2010 to extend their conditional commitments to October 29, 2010.

16:10

APWR A-Power Energy Co announces the signing of a 3-phase, 6-yr RMB1.87 bln (~$279 mln) engineering, procurement and construction contract with Baishan Long Run Water Conservancy (7.58 +0.36)

16:10

FUQI Fuqi Intl receives Nasdaq delisting letter and announces intended appeal (6.66 +0.70) -Update-

Co announced receipt of a determination letter from Nasdaq advising that FUQI remains out of compliance with the continued listing requirements for failure to timely file SEC periodic reports, and as a result, the common stock is subject to delisting. FUQI intends to request a hearing before a Nasdaq Hearings Panel no later than October 6, 2010 to seek an exception period in which to complete its filings and thereby regain compliance with listing standards. FUQI's request for a hearing will automatically suspend the delisting of its common stock for 15 calendar days from the deadline to request a hearing, or until October 21, 2010; however, co also intends to request a further stay on the delisting of its common stock pending the Panel's decision... If FUQI files all of its delinquent reports and regains compliance prior to a hearing before the Nasdaq Hearings Panel, then FUQI's common stock would continue trading on Nasdaq. As previously announced, FUQI identified historical accounting errors. Co continues to work towards the completion of the reports and intends to file as soon as the filings are completed. (See 14:22 and 13:03 comments for details)

16:07

HYC Hypercom jumps over 30% in after hours following PAY proposal (4.23 +0.06) -Update-

16:06

HYC Hypercom: VeriFone (PAY) proposes to acquire co for $5.25 per share in cash (4.23 +0.06)

VeriFone Systems announces that it has sent a letter to the Board of Directors of co, detailing a proposal to acquire all of the outstanding shares of Hypercom for $5.25 per share in cash. "Our proposal would deliver to your shareholders an immediate cash premium of 37% over your closing share price on September 23, 2010 and 52% over your 30-day trailing average closing price as of that date."

16:05

SNTS Santarus announce positive top-line results in U.S. Phase III clinical study evaluating Budesonide MMX in Ulcerative Colitis (2.79 -0.06)

Co and Cosmo Pharmaceuticals announced positive top-line results from the Phase III clinical study conducted in the U.S. and India to evaluate the safety and efficacy of budesonide MMX for the induction of remission of mild or moderate active ulcerative colitis. The study results show that budesonide MMX 9 mg taken once daily met the primary endpoint of superiority to placebo (p=0.0143) in achieving clinical remission as measured by the ulcerative colitis disease activity index (UCDAI) score after eight weeks of treatment. Co stated "Assuming positive results in the European clinical study we plan to submit the NDA in the second half of 2011 following the completion of an ongoing double-blind, placebo-controlled extended use study."

16:02

SRCL Stericycle to acquire Healthcare Waste Solutions; total merger consideration is $245 mln in cash (69.75 +0.80)

Co announced that it had entered into an agreement to acquire Healthcare Waste Solutions. The total merger consideration is $245 mln in cash, subject to various adjustments, including a reduction for HWS's indebtedness as of the closing date. Concurrently with the parties' execution of the merger agreement, HWS stockholders holding a majority of its outstanding shares of common and preferred stock entered into a voting agreement with us to vote their shares in favor of the merger at the special meeting of stockholders that HWS will call to obtain stockholder approval of the merger.

16:02

PPG PPG Industries group, Total Service Solutions, awarded Gulfstream contract (72.93 -0.23)

Coannounces that co's group, The Total Service Solutions, has signed a multiyear contract with Gulfstream Aerospace Corp. to provide comprehensive chemical management. Under the agreement, PPG Aerospace custom-designed services will support the manufacturing operations for the G450, G550 and G650 programs including supplying PRC brand premixed frozen sealant.

16:00

USMO USA Mobility promotes Shawn Endsley to CFO (16.28 -0.44)

Shawn E. Endsley, previously the Controller since June of 2004, has been promoted to the position of Chief Financial Officer. Thomas Schilling, previously the Chief Operating Officer and Chief Financial Officer as well as a board member, is leaving to pursue an opportunity outside the Company.

16:00

NLC Nalco names Kathryn Mikells as new Chief Financial Officer (25.23 -0.28)

Co announced that Kathryn Mikells will join the Company as Executive Vice President and Chief Financial Officer on completion of the merger between United (UAUA) and Continental (CAL) airlines. Mikells is currently CFO of United Airlines parent company, UAL Corporation.

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