Briefing.com: Hourly In Play (R) – 11:00 ET
Aug 11, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)
Updated: 11-Aug-10 11:00 ET
10:53
QEP QEP Resources announces $500 mln senior notes offering due 2021 (32.25 -1.36)
10:53
BAC Bank of America vacillating near its July/previous 52-wk low at 13.30 -- session low 13.27 (13.31 -0.32) -Technical-
10:50
SPY Minor new session low for S&P -25. with Dow -217 and Nasdaq Comp -59 confirming the new lows this time -Update- -Technical-
10:47
OIH Oil Service HOLDRS Trust is underperforming as it drops to new session low (103.97 -3.86) -Update- -Technical-
The OIH has slowly but steadily dropped to new lows over the last hour with it reaching back near the lower end of its late July range at 102.80 before stabilizing (session low 102.94). The 38% retrace of the entire June-Aug rally is slightly below at 102.33 -- BHI, BJS, CAM, DO, ESV, EXH, HAL, NBR, NE, NOV, RDC, RIG, SII, SLB, TDW, WFT.
10:45
VXX Global & sector ETF money flows- VIX vol index (VXX, VXZ) leads all percentage gainers as the indexes decline better than 2%; European Regional plays (EWI, EWP, EWQ, EWG) lead all decliners -Technical-
The Actively Traded Leading Global & Sector ETFs:
VIX vol index- VXX +6.0%, VXZ +2.0%, US Dollar index- UUP +1.75%, US Bonds & fixed income- TLT +0.50%, TLH +0.50%, IEF +0.50%, IEI +0.25%
The Actively Traded Lagging Global & Sector ETFs:
iShares Spain- EWP -5.50%, iShares Italy- EWI -5.50%, iShares Sweden- EWD -5.50%, iShares France- EWQ -5.0%, iShares Germany- EWG -4.50%, wind energy- FAN -4.25%, steel- SLX -4.0%, iShares Australia- EWA -4.0%, solar power- TAN -4.0%, airlines- FAA -4.0%, clean energy- PBW -3.75%, coal- KOL -3.75%, SPDRS metals & mining- XME -3.75%, global timber- CUT -3.75%, global shippers- SEA -3.50%,
10:41
SPY Extremely tight range action after opening slide with Dow -191 holding near its 200 sma, S&P -23 near 200 ema and Nasdaq Comp -53 at late July low -Update- -Technical-
10:35
WYNN Wynn Resorts trades to new morning lows with 20-day EMA rising support in play just below current levels @ 87.95 (88.00 -3.44) -Update- -Technical-
Current LoD now stands @ 88.00
10:31
TECHX Relative sector strength in Education -- COCO +2%, ESI +1.8%, APOL +1.1%, LOPE +0.8%, LINC +0.4% -Update- -Technical-
COCO, STRA, CPLA, DV, APEI, EDMC
10:31
OIH Crude oil sees little reaction to inventory data, and remains near session lows at $78.62; now down $1.59 to $78.66
10:30
RKT Rock-Tenn announces a $50 per ton price increase on Millennium grades of 100% high strength recycled paperboard (50.05 -2.08)
Price increases are effective with shipments on September 13, 2010.
10:30
APOL NASDAQ 100 (NDX) strength & weakness- Education name (APOL) posts percentage gains along with Smartphone maker (RIMM); 98 of 100 components trade with losses -Technical-
NDX 10 Best % Performers:
APOL, RIMM
NDX 10 Worst % Performers:
BRCM, GRMN, KLAC, LOGI, MXIM, MICC, LINTA, FWLT, NWSA, ERTS
NASDAQ A/D -1845
NASDAQ TRIN +1.50
10:28
AMIN American Intl Industries announced earlier that three additional U.S. patent applications pertaining to the containment of undersea oil and/or gas spills have been filed with the USPTO (0.80 +0.01)
10:28
BA Dow 30 (INDU) strength & weakness- All 30 components post losses paced by Aerospace name (BA) -Technical-
INDU 5 Best % Performers:
NONE
INDU 5 Worst % Performers:
BA, AA, CSCO, AXP, MMM
NYSE A/D -2410
NYSE TRIN +2.60
10:19
SPY Fractional new low for S&P -23 but it has not been confirmed yet by the Dow -195 or Nasdaq -54 -Update- -Technical-
10:12
CYPB Cypress Biosci: Ramius sends letter to the Board of Cypress; reiterates offer to acquire Cypress for $4.00/share (3.67 +0.01)
Ramus announced that it delivered a letter to the Board of Directors of Cypress Bioscience. In the letter, Ramius reiterated its offer to acquire the Company for $4.00 per share in cash plus a potential 50% interest in BL-1020 for total implied consideration of $4.39 per share.
10:12
TECHX Limited relative sector strength on bounce attempt -Update- -Technical-
The major averages are attempting to stabilize/lift off supports noted earlier with some relative sector strength (outperforming the S&P) on this move noted in Pharma PPH, Disk Drive, Consumer Staples XLP, REITs IYR, Utility UTIL.
10:05
SPY Minor lift off lows/supports noted earlier for stock indices -- Dow -180, S&P -21, Nasdaq -49 -Update- -Technical-
Noted support at 1097 for the S&P (200 ema, session low 196.82), 2218 Nasdaq Comp (late July low, session low 2218) and 10436 Dow (200 sma, session low 10428) in earlier updates and have seen a stabilization near these levels and a minor push off the lows in recent trade.
10:02
ALTR Altera vacillating near its July/Aug range floor at 26.93 after minor penetration -- session low 26.88 (26.94 -0.70) -Technical-
If unable to continue to stabilize near this support its 50 ema/sma come into play below at 26.76/26.43.
09:58
GMCR Green Mtn Coffee displays relative strength as it stages a quick run to fresh highs (32.30 +0.84) -Update- -Technical-
Stock up close to 2-pts off the lows over the past 15 mins.
09:56
GLD streetTRACKS Gold Shares displays relative strength as it edges to new session high of 117.96 -Technical-
The defensive play has outperformed with the early high stalling modestly under yesterday's peak at 118.09. Note that its 50 sma and the last week/Aug high are at 118.39/118.42 -- HMY +1.3%, GFI +0.5%, NEM +0.2%.
09:50
XLF Financial Select Sector SPDR reaches back to the flat line for the year at 14.40 -- session low 14.43 (14.45 -0.29) -Technical-
This also approximates the 38% retracement of the July/Aug rally -- AXP, BAC, BK, GS, JPM, MS, STT, USB, WFC.
09:47
DTV DIRECTV and Google (GOOG) enter into ad sales partnership: advertisers will be able to reach 11 DTV channels through Google TV ads (38.78 -0.65)
09:47
NFLX Netflix rebounds back near the flat line, pauses thus far shy of yesterday's high and its 52-wk close high from June at 126.48/126.81 -- session high 125.87 (125.19 +0.18) -Update- -Technical-
09:42
HPQ Hewlett-Packard signs multiyear application services agreement to develop dealer business system for Nissan North America (NSANY) (42.33 )
09:40
QQQQ Nasdaq Comp early slide holding thus far at late July low of 2218 -- session low 2218 -Technical-
09:39
DIA Dow pulls back to/attempting to stabilize near its 200 sma at 10436 -- session low 10431 -Technical-
09:38
AAPL Apple attempting to hold near the 50% retracement of the July rally at 252.75 -- session low 252.60 (253.71 -5.72) -Technical-
09:35
SPY S&P 500 -22 cruises through 50 ema flirting with July reaction high and 200 ema at 1099/1097 -- session low 1097 -Technical-
09:34
ONSM Onstream Media announced before the open that it has signed four MarketPlace365 promoter agreements (1.22 -0.01)
09:33
XLE Energy Select Sector early weakness leaves it near the late July gap and 50 ema into play at 54.12/54.11 -- session low 54.20 (54.23 -1.18) -Technical-
CVX, COP, DVN, XOM, MRO, OXY, SLB, RIG, APA, APC.
09:32
EFOI Energy Focus receives $1.0 million Department of Energy Award to develop high performance sol-gel coatings for lighting and solar applications (1.99 +0.03)
09:26
DPM DCP Midstream announces pricing of public offering of 2.6 mln common units at $32.57/unit (33.83 )
09:20
AMGN Amgen announces top-line results of Phase 3 Head and neck cancer trial; study did not meet its primary endpoint (55.72 )
Co announces top-line results from a randomized Phase 3 trial evaluating Vectibix as a first-line treatment in patients with recurrent and/or metastatic squamous cell head and neck cancer. The data showed the addition of Vectibix to platinum-based chemotherapy did not result in a statistically significant improvement in overall survival, the primary endpoint, compared to chemotherapy alone. Therefore, the study did not meet its primary endpoint. Secondary endpoints of progression-free survival [median 5.8 months versus 4.6 months, hazard ratio 0.78 were numerically improved but were not tested for statistical significance.
09:10
ENER Energy Conversion announces manufacturing capacity realignment (5.20 )
CO announces that it is realigning solar manufacturing capacity in its United Solar business among its existing facilities as part of its overall cost reduction activities. Effective in the fall of 2010, the company will shift certain final assembly operations from its Auburn Hills, Michigan campus to its Tijuana, Mexico facility.
09:07
KOOL Thermogenesis announces stockholder authorization of reverse split (0.52 )
09:06
EVEP EV Energy announces pricing of public offering of common units (35.44 )
Co announces pricing of public offering of 3 mln common units was priced at $33.97. The partnership expected to occur 8/16/2010. In addition, the underwriters have an over-allotment option to purchase up to 450K common units. The partnership expects to receive net proceeds from the offering of approximately $99.4 mln
09:05
ACPW Active Power secures $12.5 mln bank credit facility with Silicon Valley Bank (1.29 )
09:05
SYUT Synutra provides update on infant formula allegations; says Ministry of Health explains no direct links between claims and Synutra's infant formula (13.04 )
Co announces released the following public comment in response to a media report in China which linked hormone levels in the Company's milk powder with alleged premature development and sexual precocity. "Since the initial speculation in reports that our products were responsible for premature development and precocity in children, there has been a tremendous increase in commentary in the press relating to this incident such as the People's Daily and Bloomberg. The media is increasingly relaying a more balanced take on the reality that there is no scientific evidence supporting the allegation that our products are responsible for these claims."
09:03
CAK CAMAC Energy enters into agreement on potential acquisition of interest in offshore Nigerian leases (3.04 )
09:01
AIG American Intl: Fortress Investment to purchase American General Finance; Terms of the transaction were not disclosed (40.19 ) -Update-
American International Group and Fortress Investment Group (FIG) announced a definitive agreement whereby certain Fortress managed funds and affiliates will acquire 80% of American General Finance, from AIG. AIG will retain a 20% interest in the AGF business. Terms of the transaction were not disclosed, and is expected to close by the end of the first quarter of 2011 subject to regulatory approvals and customary closing conditions. As a result of the transaction, AGF, which has assets of ~$20 bln and liabilities of ~$18 bln, including $17 bln of debt, will be deconsolidated from AIG's financial statements.
08:52
AB AllianceBernstein announces AUM increased by ~ $24 bln, or 5.2%, to $482 bln over last month for 7/31/2010 (26.95 )
08:49
RGNC Regency Energy announces that it has priced an upsized public offering of 15.25 mln common units representing limited partner interests at $23.80/unit; offering scheduled to close on 8/16/2010 (24.76 )
08:45
ICOP ICOP Digital announces the receipt of an initial order video systems from the US Department of Homeland Security to outfit over 100 vehicles; details of project not released (1.13 )
08:39
NBS Neostem enters into a sponsored research agreement with the Schepens Eye Research Institute to research the development of therapies for age-related macular degeneration and Glaucoma (2.03 )
08:38
HMSY HMS Holdings HMS awarded two Medicaid contracts by state of Idaho (53.67 )
08:35
PHC PHC receives CMS approval for Seven Hills Behavioral Institute (1.22 )
08:33
CRME Cardiome Pharma reports Q2 results; pushes out vernakalant (oral) development program (8.90 )
Reports Q2 (Jun) earnings of $0.08 per share, $0.05 worse than the Thomson Reuters consensus of $0.13; revenues rose 69.9% year/year to $12.4 mln vs the $16.4 mln consensus. Cardiome also announced that, based on recent discussions with its development partner Merck (MRK), the next phase of the clinical program for vernakalant (oral) is not expected to commence in the summer of 2010 as previously guided. Merck continues to work toward optimizing the clinical development plan for vernakalant (oral), and Cardiome will provide updated guidance when Merck has finalized their planning.
08:33
PEIX Pacific Ethanol: Pacific Ethanol Madera and Pacific Ethanol Stockton are approved for California Ethanol Producer Incentive Program (0.49 )
08:26
AIG American Intl subsidiary, ILFC, announces offering of $500 mln of unsecured senior notes due 2017 (40.19 )
08:19
OSTE Osteotech: Spencer Capital commented on Osteotech's Q2 results and management's evaluation (3.68 )
Spencer Capital, which collectively own approximately 24% of Osteotech outstanding common stock, commented on Osteotech's Q2 results and management's evaluation of strategic alternatives. "Concerned Osteotech Stockholders are extremely skeptical of the Board's efforts to explore strategic alternatives to maximize shareholder value. The Board hired an investment bank in 2009 to evaluate strategic alternatives, incurring $930,000 in costs and expenses in the first half of the year, and yet the Board announced this evaluation just two weeks prior to the 2010 annual meeting and the same day as the announcement of disappointing second quarter results. In the meantime, since the Board commenced its evaluation, it has adopted a poison pill, entered into a credit facility containing a poison put provision, provided for exorbitant compensation to executives in the event they are terminated following a change in control and delayed the annual meeting of stockholders."
08:19
REVU Princeton Review refinances and expands credit facility with GE Capital under more favorable terms (2.39 )
Co refinances and expands credit facility with GE Capital under more favorable terms. The amended and restated credit agreement consists of a $60 mln senior secured term loan and a $12.5 mln senior secured revolving credit facility as compared to the previous $50 mln credit facility.
08:15
GWW WW Grainger reports July sales increased 17% in US (113.38 )
Daily sales increased 21% y/y. Results for the month included a 5 percentage point positive contribution from acquisitions and a 1 percentage point contribution from foreign exchange. Excluding acquisitions and foreign exchange, daily sales for the company increased 15%. July had 21 selling days in 2010 and 22 in 2009. The 2010 third quarter will have the same number of selling days (64) as the 2009 third quarter.
08:12
On the Wires
JDA Software (JDAS), The Supply Chain Company, and Tata Consultancy Services, announced a global alliance designed to help customers drive high performance within their organizations through the delivery of world-class solutions and services... Level 3 Communications (LVLT) announced that it has expanded its service relationship with IPNETZONE Communications to provide direct Internet access and transport services. ClickSoftware Technologies (CKSW) announced that it has entered into a partnership with The EPI-USE Group. The partnership, which will operate across all verticals globally, will provide clients with complementary skills to maximize the return on investment in both ClickSoftware and SAP... China Security & Surveillance Technology (CSR) announced it has recently signed an approximately RMB650 million E-city contract with the government of Huainan City, Anhui Province, China.
08:07
M Macy's beats by $0.06, reports revs in-line; raises FY11 EPS guidance to in-line; raises FY11 comp guidance above consensus (19.38 )
Reports Q2 (Jul) earnings of $0.35 per share, $0.06 better than the Thomson Reuters consensus of $0.29; revenues rose 7.2% year/year to $5.54 bln vs the $5.5 bln consensus. On a same-store basis, Macy's Q2 slaes were up 4.9 percent. Online sales were up 28.1 percent in Q2 and 31.0 percent in the first half of 2010. Co raises guidance for FY11, sees EPS of $1.85-1.90 vs. $1.87 Thomson Reuters consensus, up from $1.75-1.80. Co currently expects same-store sales in the second half of fiscal 2010 to be up in the range of 3 percent to 3.5 percent, which would result in full-year 2010 same-store sales to be up between 4.0-4.2% vs. the 3.8% consensus, up from 3.0-3.5%.
08:07
EGOV NIC Inc signs new eGovernment portal contract with West Virginia Interactive for up to 3 yrs. (7.06 )
08:05
IAG IAMGOLD misses by $0.04, misses on revs; raises production guidance (18.00 )
Reports Q2 (Jun) earnings of $0.11 per share, $0.04 worse than the Thomson Reuters consensus of $0.15; revenues fell 5.0% year/year to $214 mln vs the $226.1 mln consensus. The co has revised its initial 2010 production guidance for gold upward from a range of 940,000 to 1,000,000 ounces at a cash cost(1) between $490 and $510 per ounce to a range of between 980,000 and 1,010,000 ounces at a cash cost(1) between $530 and $550 per ounce.
08:05
KTOS Kratos Defense and Security to acquire DEI Services Corporation for approx $6 mln (11.64 )
Co announced that it has acquired DEI Services Corporation. Completion of the transaction is effective immediately. DEI is expected to contribute at least $15 to $20 mln of revenue in 2011.
08:04
LM Legg Mason reports assets under management for 7/31/2010: $659 bln compared to $645 bln last month
08:02
AVT Avnet beats by $0.12, beats on revs; guides Q1 EPS above consensus, revs above consensus (25.73 )
Reports Q4 (Jun) earnings of $0.92 per share, $0.12 better than the Thomson Reuters consensus of $0.80; revenues rose 38.5% year/year to $5.21 bln vs the $5.02 bln consensus. Co issues upside guidance for Q1, sees EPS of $0.76-$0.84 vs. $0.73 Thomson Reuters consensus; sees Q1 revs of $5.6-$6.2 bln vs. $5.22 bln Thomson Reuters consensus.
08:01
TCH Technicolor surpasses 250 screens in North America (5.45 )
07:59
CSTR Coinstar invests in ecoATM; investment details not disclosed (47.11 )
07:52
BTU Peabody Energy announces cash tender offer to purchase any and all of its $650 mln outstanding principal amount of 6 7/8% Senior Notes due 2013 (47.49 )
07:48
BTU Peabody Energy announces offering of $650 million senior notes (47.48 )
07:38
S&P futures vs fair value: -14.70. Nasdaq futures vs fair value: -29.80.
07:38
Asian Markets
Nikkei...9292.85...-258.20...-2.70%. Hang Seng...21294.54...-179.00...-0.80%.
07:38
European Markets
FTSE...5298.45...-78.00...-1.50%. DAX...6186.35...-99.90...-1.60%.
07:34
MFB Maidenform Brands beats by $0.12, beats on revs; guides Q3 EPS in-line, revs above; raises FY10 EPS above consensus (25.58 )
Reports Q2 (Jun) earnings of $0.59 per share, $0.12 better than the Thomson Reuters consensus of $0.47; revenues rose 30.8% year/year to $149.4 mln vs the $138 mln consensus. Consolidated gross margins, on a year-to-date basis were 36.3% versus 34.0% for the same period in 2009. This increase was a result of customer and product mix, lower overall promotional activity and the benefit from product cost reduction efforts. Co issues in-line guidance for Q3, sees EPS of $0.50-0.55 vs. $0.51 Thomson Reuters consensus, with sales up in the low-to-mid teens vs. the +6.3% consensus. Co raises guidance for FY10, sees EPS of $1.88-1.93 vs. $1.81 Thomson Reuters consensus, up from $1.75-1.80, with sales up in the upper-teens vs. the +14% consensus.
07:33
KELYA Kelly Services beats by $0.04, beats on revs (14.10 )
Reports Q2 (Jun) earnings of $0.11 per share, $0.04 better than the Thomson Reuters consensus of $0.07; revenues rose 17.5% year/year to $1.21 bln vs the $1.13 bln consensus.
07:31
LCRD LaserCard receives a $550,000 follow-on order for Italian citizen ID cards (3.59 )
07:30
WZE Wizzard Software signs agreement as content partner for RIM's new BlackBerry podcasts service (0.20 )
07:09
RPRX Repros Therapeutics granted key patent for Androxal (0.3661 )
07:04
DEPO DepoMed reaches SPA agreement with FDA for Phase 3 hot flash trial. (3.81 )
Co reaches SPA agreement with FDA for Phase 3 hot flash trial. It is expected to be completed by the end of Q3 of 2011, with results to be reported in the Q4.
07:04
IPCM IPC The Hospitalist acquires New England practice (25.75 )
Co acquires New England practice. The practice has an annualized volume of approximately 18,000 patient encounters.
07:02
TISA Top Image Systems successfully delivers mailroom solution to one of the biggest health insurance companies in South Africa (0.94 )
07:01
MNKD Mannkind receives commitment to purchase up to 18.2 mln shares of common stock for cash (7.15 )
Co announced that it has entered into an agreement with Seaside 88 for the sale of 700,000 shares of common stock to Seaside 88 every two weeks over the course of a year for a total of up to 18.2 mln shares of co common stock. The per share purchase price of the shares sold to Seaside 88 will be at an 8% discount to the volume weighted average trading price of co common stock for the ten consecutive trading days immediately preceding each closing date. For any closing to take place, the volume weighted average prive must be at least $6.50 per share. The Mann Group has committed to purchase the same number of shares of co common stock as is purchased by Seaside 88, up to a total of 18.2 mln shares. However, the shares to be purchased by The Mann Group will be priced at the undiscounted closing bid price of co's common stock on the trading day immediately preceding the applicable closing date but in any event will be not less than $7.15, which was yesterday's closing bid price for co's common stock.
06:58
THQI THQ Inc announces partnership with Double Fine Productions on two new downloadable games (4.07 )
06:58
CSIQ Canadian Solar announcing the selection of Guelph to host its solar module manufacturing facility in Ontario, Canada (12.64 )
06:56
MDMD MediaMind Tech prices 5.0 mln share IPO at $11.50 per share, below the $14-16 expected range
06:55
RDCM RADCOM announces major VoIP operator in North America purchases co's service assurance solution (7.10 )
06:51
KH China Kanghui prices 6.675 mln ADS IPO at $10.25 per ADS, at the midpoint of the $9.25-11.25 expected range
Co intends to use the net proceeds for the development of its product pipeline, expansion of its manufacturing capacities, enhancement of its sales and marketing capabilities as well as general corporate purposes.
06:50
GST Gastar Exploration announces successful Middle Bossier well (3.74 )
Co announces successful Middle Bossier well. The well is projected to cost approximately $9.0 million.
06:47
BLDP Ballard Power confirms service continuity for fuel cell bus customers following ISE filing (1.71 )
06:43
CRXL Crucell N.V. join forces with IAVI to advance AdVa-based AIDS vaccine Phase I trial (20.80 )
06:42
AKAM Akamai Tech announces wide-ranging alliance with Brightcove to drive quality, performance, and innovation in the online video industry (43.15 )
06:39
ARW Arrow Elec expands EMEA distribution of Hitachi Data Systems; now include Denmark and Germany (25.34 )
06:37
CVBF CVB Financial comments on status of business: highlights 130 consecutive quarterly profits amid SEC subpoena, extraordinary market activity, and board approved plan to purchase up to 10 mln shares (8.00 )
06:28
MOH Molina Healthcare announces pricing of public offering of 4 mln shares of common stock at $27.00/share; proceeds to reduce debt (27.54 )
06:28
PPL PPL Corp reports progress with Freon leak (26.43 ) -Update-
Co reports progress with freon leak. The plant declared an alert on 8/10/2010 when employees detected Freon leaking in an area that contains plant safety systems.
06:28
MOH Molina Healthcare prices offering of 4 mln shares of common stock at $27.00 per share (27.54 )
06:24
ELN Elan subsidiary announces intent to offer $200 mln in aggregate principal amount of 8.75% Senior Notes due 2016 (5.33 )
06:21
GMCR Green Mtn Coffee estimates for its fiscal fourth quarter 2010 and fiscal 2011 provided on July 28, 2010 remain unchanged (31.46 )
06:20
GMCR Green Mtn Coffee announces $250 mln common Stock purchase agreement with Luigi Lavazza. (31.46 )
Co announces $250 mln common Stock purchase agreement with Luigi Lavazza. This represents approximately 7% of co's current outstanding shares.
06:14
ACTG Acacia Research subsidiary enters into settlement and license agreement with IBM, resovling patent litigation (14.46 )
Co's Online News Link subsidiary has entered into a license agreement with Investor's Business Daily covering technology relating to the delivery of news content via electronic mail with links to additional content... Co also announced that a subsidiary has acquired a patent relating to automatic image labeling technology.
18:48
PDM Piedmont Office Realty Trust misses by $0.04; guides FY10 FFO's in-line (17.50 -0.49)
Reports Q2 (Jun) earnings of $0.33 per share, $0.04 worse than the First Call consensus of $0.37; revenues fell 1.9% year/year to $145.2 mln vs the $111.0 mln consensus. Co issues in-line FY10 guidance; co guides FY10 FFO's of $1.56-1.62 vs. $1.58 consensus.
18:19
BLT Blount International acquires SpeeCo for ~$90 mln (11.17 -0.25)
Co announced the acquisition of SP Companies and its wholly-owned subsidiary, SpeeCo. BLT purchased all of the stock of SpeeCo for ~$90 mln in cash, subject to certain adjustments, and funded the acquisition utilizing its new credit facility.
18:11
ALN American Lorain beats by $0.02 (3.14 +0.15)
Reports Q2 (Jun) earnings of $0.10 per share, $0.02 better than the First Call consensus of $0.08; revenues rose 21.9% year/year to $29.2 mln vs the $29.3 mln consensus.
18:00
FORD Forward Industries names new Chairman, CEO (3.28 -0.06)
FORD and LaGrange Capital Partners announced today that LaGrange founder and general partner Frank LaGrange "Grange" Johnson will assume the role of Chairman of the Board of Forward Industries. Additionally, Brett M. Johnson will take over as CEO. Brett M. Johnson is the founder of Benevolent Capital Partners, a diversified investment company whose investments include Yak Pak and Terracycle. Prior to founding BCP, Mr. Johnson was the President of Targus Group International,
17:33
OMAB Grupo Aeroportuario: OMA reports July 2010 traffic (12.74 -0.23)
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (OMAB), reports that terminal passenger traffic at its 13 airports increased 4.6% in July 2010, as compared to July 2009. Domestic traffic increased 2.2%, and international traffic rose 20.8%.
17:26
HMPR Hampton Roads Bankshares to establish valuation allowance against deferred tax asset; private placement of common stock is on track to close at the end of Q3 (1.19 +0.07)
HMPR announced that the Co will establish a valuation allowance against the deferred tax asset on its balance sheet as of December 31, 2009. In a separate release, co announced that its previously announced private placement transactions are on track to close at the end of the Third Quarter. announced
17:25
ICOP ICOP wins Montana State contract (1.13 -0.08)
Co engaged in advancing digital surveillance technology solutions, announced that it is one of three vendors awarded the state contract for in-car video, for the State of Montana.
17:25
AVGO Avago Technologies announces proposed secondary offering of 24,840,000 ordinary shares (22.30 -0.60) -Update-
All of the shares are being sold by existing shareholders as identified in the prospectus supplement relating to the offering.
17:09
PPL PPL Electric Utilities seeks court order for access to federal land to perform vegetation maintenance on critical power line (26.43 -0.11)
17:09
VVC Vectren Capital prices $125 mln of senior unsecured notes (25.94 -0.20)
Co announced that its subsidiary, Vectren Capital, has priced $125 mln of its senior notes to be issued in 2 tranches of 7 and 15 years and sold to various institutional investors through the private placement market. The senior notes will be guaranteed by Vectren. Vectren Capital will be issuing $75 mln of 3.48% Series A senior notes due December 15, 2017 and $50 mln of 4.53% Series B senior notes due December 15, 2025.
17:06
NHC NHC announces stock repurchase of 182,900 shares at $32.50 from the 1818 Fund II, L.P. (34.65 -0.35)
Co announced that it had repurchased 182,900 shares of its common stock from The 1818 Fund II, L.P.at a price of $32.50 per share paid in cash out of NHC's operating funds. The stock repurchase completes a series of sales of NHC common stock by the Fund in connection with the scheduled liquidation of the Fund by its general partner Brown Brothers Harriman & Co.
17:06
HMIN Home Inns beats by $0.24, beats on revs; guides Q3 revs above consensus (43.14 -1.14)
Reports Q2 (Jun) earnings per ADS of $0.52 per share, $0.24 better than the Thomson Reuters consensus of $0.28; revenues rose 25.0% year/year to $119 mln vs the $109.4 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $129-132 mln vs. $117.89 mln Thomson Reuters consensus.
17:02
NGLS Targa Resources prices $250 mln offering of 7.875% senior notes due 2018 (25.65 +0.04)
17:00
ESL Esterline Techs announces redemption of 7.75% senior subordinated notes due 2013 (50.88 -1.27)
16:52
WOOF VCA Antech reports revised Q2 2010 results to reflect additional non-cash SG&A accruals; reaffirms 2010 EPS (20.62 -0.08)
Co reported revised financial results for Q2 to reflect an incremental $14.5 mln non-cash charge primarily with respect to previously announced Consulting Agreements and SERPs entered into with the Co's senior executive officers in June 2010. Excl the charge, EPS remains at $0.44. Co reaffirms 2010 EPS; sees adjusted EPS of $1.43-1.53 vs. $1.47 Thomson Reuters consensus. Briefing.note: Co reported Q2 EPS on July 22 (Reports earnings of $0.44 per share, excluding non-recurring items, $0.05 worse than the consensus of $0.49.
16:49
AVGO Avago Tech sees 3Q10 revenue of $550 mln, no estimates, sees non-GAAP gross margin of ~50%, operating expense of ~$116 mln (22.90 -0.60)
16:42
URS URS reports EPS in-line, misses on revs; reaffirms FY10 EPS in-line, reaffirms revs in-line (41.43 -0.88)
Reports Q2 (Jun) earnings of $0.80 per share, excluding $0.04 in non-recurring items, in-line with the Thomson Reuters consensus of $0.80; revenues fell 2.1% year/year to $2.25 bln vs the $2.39 bln consensus. Co reaffirms in-line guidance for FY10, sees EPS of $3.65-3.75 vs. $3.70 Thomson Reuters consensus; reaffirms FY10 revs of $9.4-9.7 bln vs. $9.58 bln Thomson Reuters consensus.
16:41
RGNC Regency Energy announces offering of 14 mln common shares (24.76 -0.25)
16:40
STKL SunOpta beats by $0.03 (5.62 )
Reports Q2 (Jul) earnings of $0.10 per share, excluding $0.21 gain, $0.03 better than the Thomson Reuters consensus; revenues rose 9.2% year/year to $235.9 mln vs the $261.6 mln consensus.
16:33
ARCI Appliance Recycling Cntrs selected to be the turnkey provider for the Appliance Recycling Program (2.22 -0.06)
Co announced that Northern Indiana Public Service Company, a division of NiSource (NI), has selected ARCA to be the turnkey provider of refrigerator and freezer recycling services for the utility's Appliance Recycling Program. The program began on August 9, 2010. Through this program, participating utility customers who turn in operating but energy inefficient refrigerators and freezers will be eligible for a $35.00 incentive check for each qualifying appliance, with a maximum of two units per year. ARCA will perform the in-home collection of qualifying refrigerators and freezers and properly recycle the units. Together, NIPSCO and ARCA will prevent more than 95% of the recyclable materials in the old units from entering the waste stream.
16:32
RA RailAmerica reports July 2010 monthly carloads; Metallic Ores and Metals carloads increased across all regions (10.71 -0.26)
Co reported that its total freight carloads for the month ended July 31, 2010 were 73,071, up 4.7% from 69,805 in July 2010. These results exclude the discontinued Ottawa Valley Railway operation. The Co had increased shipments in July 2010 in nine out of twelve commodity groups compared to July 2009. Much of the increase was due to shipments of Metallic Ores and Metals, Chemicals and Agricultural Products.
16:32
Q Qwest announces pricing of cash tender offer for 3.50% convertible senior notes due 2025 (5.69 -0.01)
16:31
BRNC Bronco Drilling announces monthly operating results (3.99 -0.13)
Co announced operational results for the month ended and as of July 31, 2010. Utilization for the co's drilling fleet was 56% for the month of July compared to 56% for the month of June and 54% for the second quarter of 2010. The co had an average of 37 marketed drilling rigs in July compared to 37 in June and 37 for the second quarter of 2010. The average dayrate on operating drilling rigs as of July 31, 2010 was $16,715 compared to $16,515 as of June 30, 2010 and $15,926 for the second quarter of 2010. The increase in average dayrate on operating drilling rigs as of May 31, 2010, was partially due to a wage increase initiated during May for co field personnel that is contractually passed through to co's customers. The increase in average dayrate as a result of the wage increase was approximately $600 a day.
16:30
DOW Dow Chemical: Dow Corning to acquire a 49% stake in Quebec Silicon Metal Manufacturing Facility fopr $39.7 mln (25.99 -0.01) -Update-
Dow Corning Corporation has entered into an agreement to acquire a 49 percent ownership interest in Timminco Limited's silicon metal manufacturing facility in Becancour, Quebec, in a transaction estimated at $39.7 million. Dow Corning is equally owned by The Dow Chemical Company (DOW) and Corning, Incorporated (GLW).
16:30
SONO SonoSite announces Chief Financial Officer Mike Schuh to retire at the end of the year; Marcus Smith named new CFO (29.15 -0.38)
16:30</p>
KBR KBR Inc. affiliate entered into a Broad-Based Black Economic Empowerment transaction (23.95 -0.95)
Co announced that its affiliate, Kellogg Brown and Root South Africa has entered into a Broad-Based Black Economic Empowerment (BBBEE) transaction. Following the transaction, the Kwande-Thesele consortium and a newly-formed Employee Stock Ownership Plan (ESOP) will own 25%+1 share of KBR SA in the aggregate under the terms of a long-term agreement.
16:29
RMX RMX Holdings addresses unusual market activity; co stated that its policy is not to comment on unusual market activity or rumors (2.80 +0.74)
16:27
BEE Strategic Hotels & Resorts announces appointment of Raymond L. Gellein, Jr. to Chairman (4.35 +.01)
16:24
IVZ Invesco reported preliminary month-end AUM of $580.3 bln, an increase of 4.1% m/m (19.82 0.00)
16:24
SPWRA Sunpower beats by $0.05, misses on revs; guides Q3 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (12.93 -0.55)
Reports Q2 (Jun) earnings of $0.15 per share, $0.05 better than the Thomson Reuters consensus of $0.10; revenues rose 28.4% year/year to $384.2 mln vs the $401.2 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.08-0.15 vs. $0.13 Thomson Reuters consensus; sees Q3 revs of $450-490 mln vs. $458.12 mln Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $1.35-1.65 vs. $1.28 Thomson Reuters consensus; sees FY10 revs of $2.0-2.25 bln vs. $2.1 bln Thomson Reuters consensus.
16:24
GNK Genco Shipping & Trading Limited takes delivery of two Supramax vessels (17.02 -0.26)
Co has taken delivery of the Genco Pyrenees, a 2010-built Supramax vessel, and the Genco Normandy, a 2007-built Supramax vessel. The Genco Pyrenees is expected to be delivered to its charterer, Setaf Saget SAS, on or about August 12, 2010 to commence a time charter for 11-13.5 months at a rate of $19K per day... co has also reached an agreement to enter into a time charter for the Genco Normandy with STX Pan Ocean UK for ~1.5-4 months at a rate of $20K per day.
16:21
GDI Gardner Denver announced that Helen W. Cornell has informed the co of her intention to retire as Executive Vice President, Finance and CFO (52.69 -0.66)
16:19
CIMT Cimatron reported Q2 non-GAAP EPS of $0.05 vs. $0.01 in last year's quarter; Non-GAAP revs grew to 3.7% to $8.4 mln (1.373 +0.31)
16:16
AOSL Alpha and Omega Semi reports Q4 EPS of $0.37 vs. $0.19 in the same quarter last year; revs grew 45.2% YoY to $85.5 mln (13.15 -0.21)
Co guided Q1 FY11 revs in the range of $89.0-92.5 mln, representing a sequential growth of ~4-8% (No consensus).
16:14
EVEP EV Energy announces public offering of 3 mln common units (35.60 -0.71)
16:13
SYMM Symmetricom beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus (5.28 -0.13)
Reports Q4 (Jun) earnings of $0.12 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.11; revenues fell 7.6% year/year to $55.7 mln vs the $55.6 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.04-0.08, excluding non-recurring items, vs. $0.11 Thomson Reuters consensus; sees Q1 revs of $50-55 mln vs. $55.75 mln Thomson Reuters consensus.
16:11
TMH Team Health Holdings beats by $0.06, reports revs in-line; acquires Morningstar Emergency Physicians (13.60 -0.03)
Reports Q2 (Jun) earnings of $0.31 per share, excluding non-recurring items, $0.06 better than the Thomson Reuters consensus of $0.25; revenues rose 3.7% year/year to $375.5 mln vs the $378.7 mln consensus. Acquisitions and same contract revenue contributed 5.5% and 2.5%, respectively, of the growth in net revenue less provision between the quarters. New contracts, net of terminations (ex-military division) contributed 0.4% of the growth. Net contract changes within the military division reduced quarter-over-quarter net revenue growth by 4.6%. Co also announces the expansion of its presence into Oklahoma and Kansas with the acquisition of the operations of Oklahoma City-based Morningstar Emergency Physicians (MEP) and its related entities. TMH will assume the management and staffing of 15 facilities totaling ~500,000 annual emergency department patient visits.
16:10
NBL Noble Energy receives government approval to develop Tamar Gas Field offshore Israel (69.00 -0.60)
Co announced that it has received government approval for the development of the 2009 Tamar gas discovery in the Mediterranean offshore Israel. Until recently, co and its partners planned to develop Tamar using an option that would flow gas from the deepwater field to a new onshore receiving terminal to be constructed in the northern half of the country. Co and its Tamar partners recommended last week to Israel's Minister of National Infrastructure and the Petroleum Commissioner that a development option be considered which would utilize the existing onshore gas receiving terminal located at Ashdod. Option would involve a similar field development as the other option, but would bring the gas to a new offshore platform to be constructed next to the existing Mari-B platform and then redeliver the gas to the existing pipeline that connects Mari-B to the Ashdod onshore terminal.
16:09
DIS Walt Disney beats by $0.09, beats on revs (35.30 +0.14)
Reports Q3 (Jun) earnings of $0.67 per share, excluding non-recurring items, $0.09 better than the Thomson Reuters consensus of $0.58; revenues rose 16.4% year/year to $10 bln vs the $9.38 bln consensus. The Q2 revs from Parks and Resorts increased 3% to $2.8 bln and segment operating income decreased 8% to $477 mln. Results for the quarter were driven by decreases at domestic parks and Disney Cruise Line, partially offset by improved results at international operations.
16:08
AONE A123 Systems misses by $0.06, misses on revs (10.46 -0.40)
Reports Q2 (Jun) loss of $0.33 per share, $0.06 worse than the Thomson Reuters consensus of ($0.27); revenues rose 14.7% year/year to $22.6 mln vs the $25.5 mln consensus. "We believe we are on track to meet our primary objectives for 2010, including exiting the year with strong customer momentum, executing against our capacity expansion plans and moving into production in Michigan, the combination of which positions the company for accelerated revenue growth and improving profitability margins in 2011."
16:08
RGC Regal Entertainment announces pricing of $275 mln of 9.125% senior notes due 2018 (14.14 +0.34)
16:07
LDK LDK Solar beats by $0.14, beats on revs; guides Q3 revs above consensus; guides FY10 revs above consensus
Reports Q2 (Jun) earnings of $0.36 per share, $0.14 better than the Thomson Reuters consensus of $0.22; revenues rose 62.6% year/year to $565.3 mln vs the $458.4 mln consensus. Gross margin for the second quarter of fiscal 2010 was 18.0%, compared to 15.7% in the first quarter of fiscal 2010 and negative 90.0% in the second quarter of fiscal 2009. Co issues upside guidance for Q3, sees Q3 revs of $570-600 mln vs. $422.04 mln Thomson Reuters consensus; wafer shipments between 520 MW and 550 MW, and module shipments between 75 MW and 85 MW. Co issues upside guidance for FY10, sees FY10 revs of $1.95-2.0 bln vs. $1.59 bln Thomson Reuters consensus; wafer shipments between 1.95 GW and 2.0 GW and module shipments between 250 MW and 300 MW.
16:07
LUNA Luna Innovations initiates search for a new CEO (2.15 -0.10)
Co initiates search for a new CEO as a successor to Dr. Kent Murphy. Dr. Murphy will assume the role of Senior Strategic and Technology Advisor. Dr. Murphy will remain a member of the Board of Directors, serving in a new role as the Board's Vice Chairman.
16:06
TIER Tier Technologies names Alex P. Hart CEO; new CEO to assume responsibilities effective 8/24/2010 (5.25 -1.26)
16:06
CYPB Cypress Biosci Bioscience receives consent for BioLineRx in-license agreement (3.65 -0.03)
Co announced that it has received written notice of consent and effectiveness from the Office of Chief Scientist of the Ministry of Industry, Trade and Labor of the State of Israel regarding its previously announced in-license agreement for BioLineRx's novel antipsychotic (BL-1020, now CYP-1020), a potential breakthrough treatment for schizophrenia. The agreement, which was amended to reflect input from the OCS, will enable co to build its strategic focus on R&D. As a result of the approval, co has released the upfront payment of $30 mln from escrow to BioLineRx.
16:05
FNGN Financial Engines beats by $0.01, misses on revs; reaffirms FY10 revs guidance (15.23 -0.35)
Reports Q2 (Jun) earnings of $0.07 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.06; revenues rose 32.0% year/year to $25.6 mln vs the $25.9 mln consensus. Co reaffirms guidance for FY10, sees FY10 revs of $105-110 mln vs. $108.31 mln Thomson Reuters consensus, with non-GAAP adj. EBITDA $24-26 mln, may not compare to $26 mln consensus. AUM increased by 51% to $29.4 bln as of June 30, 2010 from $19.5 bln as of June 30, 2009. The increase in AUM was driven primarily by net new enrollment into the Professional Management service as well as by market appreciation and contributions.
16:05
CFN CareFusion beats by $0.01, beats on revs; guides FY11 EPS in-line (21.40 -0.32)
Reports Q4 (Jun) earnings of $0.38 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.37; revenues rose 19.4% year/year to $1.03 bln vs the $0 bln consensus. Co issues in-line guidance for FY11, sees EPS of $1.58-1.68, excluding non-recurring items, vs. $1.62 Thomson Reuters consensus. Co expects revenues to grow on a percentage basis by mid single digits compared to FY10 revenue of $3.9 bln, and in line with the co's long term guidance. (FY11 Thomson Reuters revs consensus is $4.1 bln.)
16:04
AFL AFLAC to increase quarterly cash dividend by 7.1%, resume share repurchase as early as Q4 (51.08 -0.40)
16:04
DPM DCP Midstream announces public offering of 2.6 mln shares (33.83 -0.29)
16:03
STRI STR Holdings beats by $0.10, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY10 EPS above consensus, revs above consensus (25.81 +0.84)
Reports Q2 (Jun) earnings of $0.44 per share, ex-items, $0.10 better than the Thomson Reuters consensus of $0.34; revenues rose 62.2% year/year to $96.7 mln vs the $91 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.32-$0.37 vs. $0.29 Thomson Reuters consensus; sees Q3 revs of $85-$93 mln vs. $80.79 mln Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $1.35-$1.45 vs. $1.22 Thomson Reuters consensus; sees FY10 revs of $345-$360 mln vs. $335.97 mln Thomson Reuters consensus.
16:02
MFI MicroFinancial announces stock repurchase program to repurchase up to 250K shares (4.00 +0.01)
16:02
SRX SRA Intl wins $100 mln contract with Department of Defense (21.99 -0.49)
16:02
CREE Cree beats by $0.04, reports revs in-line; guides Q1 EPS above consensus, revs below consensus (68.96 -2.63)
Reports Q4 (Jun) earnings of $0.55 per share, $0.04 better than the Thomson Reuters consensus of $0.51; revenues rose 78.7% year/year to $264.6 mln vs the $264 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.56-0.59 vs. $0.54 Thomson Reuters consensus; sees Q1 revs of $270-280 mln vs. $283.96 mln Thomson Reuters consensus.
16:01
NAVR Navarre announces promotion of J. Reid Porter to COO (2.40 )
Co announces promotion of J. Reid Porter to COO. He has been Executive Vice President and Chief Financial Officer since 2005. With this promotion to COO, he retains the CFO position and also assumes the responsibility of leading the business operations.
Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond and world FX market participants. 1-800-752-3013 or http://www.briefing.com
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News