Briefing.com: Hourly In Play (R) – 12:00 ET

Jul 13, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 13-Jul-10 12:00 ET

11:59

IBB iShares NASD Biotech displays relative strength, pauses in recent trade near late June gap bottom at 80.33 -- session high 80.26 (80.04 +1.75) -Technical-

The gap top come in at 80.73. Stocks helping providing leading in the IBB thus far today include: AFFX +4.5%, GILD +2.2%, CELG +3.1%, ALXN +2.9%, ILMN +2.6%, LIFE +2.2%, WCRX +2.3%, UTHR +2.2%, MYGN +3.4%, DNDN +3.5%, REGN +2.8%.

11:52

European Markets Closing Prices

European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: +1.8% Germany's DAX: +1.8% France's CAC: +1.8% Spain's IBEX: +2.0% Portugal's PSI: +0.1%

11:51

IWM iShares Russell 2000 extends up near its 200 sma at 63.84 and pauses -- session high 63.81 (63.67 +1.44) -Technical-

The top of its late June gap is just above at 63.91.

11:50

SERV Servidyne expects higher Q4 revenues and backlog; expects consolidated revenues of ~$6.9 mln up 57% YoY (2.82 +0.90)

Co expects its fiscal 2010 fourth quarter results, which the co will report later this month, will reflect consolidated revenues of ~$6.9 mln for the quarter ended April 30, 2010, representing YoY quarterly revenue growth of more than 57%. Co's core Building Performance Efficiency Segment, fourth quarter revenues are expected to be ~$6.3 mln, an increase of more than 69% over the fourth quarter of last year and ~52% higher than the third quarter of this year. Co's order backlog at April 30, 2010, is expected to be ~$17.5 mln, a year-over-year increase of 44%, including backlog at the BPE Segment of ~$15.4 million, representing an increase of 55% over last year and 79% above the third quarter of this year.

11:40

TECHX Relative Sector Strength -Update- -Technical-

Sectors outperforming the S&P on the latest push include: Housing XHB, Retail XRT, Consumer Discretionary XLY, Biotech IBB, Industrial XLI, Transports IYT, Coal KOL, Silver SLV.

11:37

SPY Stock indices sprint above early highs -- Nasdaq +37, S&P +17, Dow +167 -Update- -Technical-

11:36

ILMN Illumina notches new high of 44.93 above last week's rebound high (44.98 +1.38) -Update- -Technical-

Its 52-wk close high from June is at 45.06 with the June/52-wk intraday highs at 45.60/45.72.

11:33

CSCO Cisco Systems vacillating near early high of 23.23, its 50 ema comes into play above at 23.38 (23.23 +0.37) -Technical-

11:30

PX Praxair signs contract with Osage Bio Energy (83.08 +1.58)

Co signed a 15-year contract with Osage Bio Products, an affiliate of Osage Bio Energy, for the purchase of carbon dioxide that is produced from Osage's barley-to-ethanol bio-processing operations in Hopewell, Va. Carbon dioxide is a by-product of ethanol fermentation. The carbon dioxide will be purified and liquefied to produce up to 450 tons per day from Praxair's new plant, scheduled for start up in the fourth quarter of 2011.

11:30

SPY S&P +14 has not yet confirmed new high in Nasdaq Comp +29 -Update- -Technical-

No damaging, intraday watching 1091/1090 support (Click for chart).

11:15

SPY S&P +14 seeing only limited pause, edging back toward morning high of 1094 -Update- -Technical-

The index paused at resistance mentioned in early action at 1094/1095 (50/200 ema/50 sma, retrace) on the early run but only a limited consolidation not far from the early high has been noted. A trendline off the April-June peak comes into play just above (see The Technical Take for chart) prior to the 1100 psych level.

11:04

FSTR L.B. Foster company providing $4.7 mln sheet piling for bureau of reclamation project (25.94 -0.13)

Co has been awarded a $4.7 million contract to provide PZC sheet piling to Balfour Beatty Infrastructure of Fairfield, CA for use in phase II of the construction of the Red Bluff Fish Passage Improvement Project.

10:55

AAPL Apple thus far holds on retest of early low at 246.43 (247.71 -9.57) -Update- -Technical-

10:40

FAA Global & sector ETF money flows- Airlines (FAA) & Energy Products (UGA, OIL, USO) lead all sectors through today's 1st hour of trading; VIX volatility (VXX, VXZ) lags -Technical-

The Actively Traded Leading Global & Sector ETFs:

airlines- FAA +2.75%, crude/WTI oil- USO +2.25%, OIL +2.50%, RBOB gas- UGA +2.25%, iShares Germany- EWG +2.0%, iShares France- EWQ +2.0%, regional banks- KRE +2.0%, RKH +2.0%, homebuilders & home construction- XHB +1.75%, ITB +2.0%, casinos & gaming- BJK +2.0%, commercial banks- KBE +1.75%, junior gold miners- GDXJ +1.75%, Russia- RSX +1.75%, capital mkts- KCE +1.75%, financials- XLF +1.75%, IYF +1.75%

The Actively Traded Lagging Global & Sector ETFs:

VIX vol index- VXX -2.25%, VXZ -1.75%, US Dollar index- UUP -0.50%, US bonds & fixed income- TLT -0.50%, TLH -0.25%, IEF -0.25%

10:38

SPY S&P 500 +12 slips back just slightly off morning high/resistance at 1094/1095 -- Dow +128, Nasdaq -21 -Update- -Technical-

Relative sector weakness on this slip has been noted in Materials XLB, Retail XRT, Transports IYT, Disk Drive, Rail, Utility UTIL.

10:35

RIMM Research In Motion pushes higher intraday as it lifts up to probe its early Jun low near the $56.00 area (55.79 +2.00) -Update- -Technical-

10:29

BAX Baxter: Real-world experience confirms low inhibitor rate established in ADVATE controlled clinical studies for Hemophilia patients (44.05 +0.30)

Co announced final E.U./U.S. post-authorization safety surveillance (PASS) data that support the safety and efficacy profile of ADVATE [Antihemophilic Factor (Recombinant), Plasma/Albumin-Free Method] previously documented in prospective clinical trials in a new study published in the journal Haemophilia.1 Similar safety, inhibitor profile and efficacy were seen in previously treated patients (PTPs) with severe to moderately severe hemophilia A as well as across a broad range of hemophilia patients in everyday practice. Overall, the PASS registry confirmed the ADVATE therapy safety profile established in controlled clinical studies. No unusual or unexpected adverse events were observed in PASS.

10:28

FLEX NASDAQ 100 (NDX) strength & weakness- Circuit Board (FLEX) & Semis (CTXS, KLAC) lead the index through the 1st hour of today's trading; 95 of 100 trade positive -Technical-

NDX 10 Best % Performers:

FLEX, BIDU, PCAR, CTXS, RIMM, KLAC, JOYG, ADBE, CHKP, CA

NDX 10 Worst % Performers:

INFY, AAPL, URBN, FAST, SNDK

NASDAQ A/D +1545

NASDAQ TRIN +0.55

10:25

JPM Dow 30 (INDU) strength & weakness- Financials (JPM, BAC) lead the industrials through today's 1st hour now; 30 of 30 components trade positive -Technical-

INDU 5 Best % Performers:

JPM, GE, MMM, BAC, CAT

INDU 5 Worst % Performers:

NONE

NYSE A/D +2020

NYSE TRIN +0.25

10:08

GOOG Google edges to new session high of 484.99, its 50 sma is at 485.03 with the 50 ema at 487.31 (484.99 +9.15) -Update- -Technical-

10:02

CMTL Comtech Telecom receives a $226.7 million movement tracking system contract ceiling increase and performance period extension (29..49 +0.83) -Update-

Comtech Mobile Datacom received a contract modification to its Movement Tracking System (MTS) program contract with the U.S. Army, authorizing 2 six-month performance period extension options and a $226.7 mln ceiling increase. The total MTS contract ceiling is now $899.1 mln. Comtech has received orders to date of $668.7 mln which includes $47.4 mln of MTS orders announced earlier today. The first six-month performance period option was exercised immediately, extending the ordering period out through January 13, 2011, with deliveries and performance now authorized to continue into January 2012.

10:02

ENTG Entegris signs 300 mm wafer carrier patent license with 3S Korea (4.60 +0.25)

Co entered into a worldwide patent license agreement with 3S Korea covering a suite of Entegris patents for 300 mm front opening shipping box products used to transport silicon wafers for semiconductor manufacturing. The agreement, which includes an initial licensing fee and royalty payments for past and future shipments of 300 mm FOSBs, allows 3S Korea to manufacture and sell its 300 mm FOSB.

10:02

LMT Lockheed Martin awarded 10 yr contract with potential value of $5 billion (75.65 +0.91)

The U.S. Special Operations Command awarded Lockheed Martin an Indefinite Delivery/Indefinite Quantity contract to provide full-scope logistics support to warfighters around the globe. The Logistics Support Contract for U.S. Special Operations provides a wide range of mission-critical services, from aircraft and vehicle maintenance to IT and electronics support. The contract has a potential value of $5 billion over 10 years. Boeing (BA) and other subcontractors will join the Lockheed Martin-led Logistics Support Contract team, providing capabilities that will benefit special operations forces and ensure they receive the highest possible level of support.

10:01

DTE DTE Energy subsidiary to build solar installation on Blue Cross Blue Shield of Michigan roof in downtown Detroit (47.94 +0.27)

Co announced that its subsidiary signed a 20-year agreement that will provide BCBSM and the utility's customers with renewable energy generated from the sun. The 200-kilowatt, $1 million photovoltaic system will be installed on the roof of a BCBSM four-story structure in downtown Detroit. The solar array will cover 31,000 square feet of the 42,000 square-foot roof. It should be operational next spring after design and construction is completed. Detroit Edison plans to invest more than $100 million in the program, which requires customers to participate for 20 years.

10:00

ASB Ascendia Brands announces multi-year supply agreement (0.29 +0.07)

Co announced that it has entered into a multi-year supply agreement with a global medical device company. The agreement calls for the supply of a specialized solution-based polymer designed to meet the key characteristics required to optimize device performance. The agreement includes a guaranteed minimum annual usage fee for the purchase of the products for an initial term of five (5) years and with multi-year renewal options.

10:00

XLF Financial Select Sector gaps up near resistance zone (14.80 +0.27) -Technical-

Gap higher start for the XLF brings the 14.68/14.78 resistance zone into play. A limited sideways consolidation near the high has formed suggesting little selling interest thus far. The next area of resistance is just modestly above at 14.94/15.05 (200 sma, late May and June peaks) -- Click for chart.

10:00

TECHX Opening Point Gainers/Losers -Technical-

Point Gainers: GOOG (+6.64), ADCT (+3.68), PCLN (+3.13), BEN (+2.90), GOLD (+2.32), GS (+2.23), UFS (+2.10), MMM (+2.08), AMZN (+2.07), VVUS (+1.77)

Point Losers: AMED (-8.62), AAPL (-8.04), CVLT (-5.50), INFY (-3.10), RIG (-1.76), HITK (-1.54), ATPG (-1.28), LHCG (-1.17), GTIV (-1.09)

09:58

CMTL Comtech Telecom receives $47.4 mln of movement tracking system orders (29.26 +0.65)

Co announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $47.4 mln under its Movement Tracking System or MTS contract with the U.S. Army.

09:55

AMZN Amazon.com sets new session high of 122.25 to probe its 50 ema at 122.32 and pauses, its 50 sma is slightly above at 122.94 (121.68 +2.18) -Technical-

09:50

SPY S&P opens on strong note but stalls shy of its 50 sma/ema, 200 ema, retrace and trendline resistances at 1094/1095 -- session high 1092 -Technical-

See The Technical Take for chart.

09:43

ICE IntercontinentalExchange tests its July bounce high at 108.20 (107.88 +1.27) -Technical-

The 200 sma/ema come into play slightly above at 108.39/108.48.

09:40

EPE Enterprise GP Holdings increases quarterly cash distribution rate to $0.56 from $0.50 (49.68 +0.46)

09:39

GS Goldman Sachs extends opening gain to new high for the month, vacillating near its 50 sma at 139.23 (139.21 +1.96) -Technical-

Note that its five week high from late June and its 50 ema are at 140.90 and 141.27.

09:37

COIN Converted Organics reports record increases in year-to-date, quarterly and monthly company sales (0.70 +0.04)

Co reported it reached record year-to-date sales increased 86% y/y to $2.5 million. Co reports Q2 sales increased 88% y/y to $1.7 million. In June 2010, the Company reached also reached a monthly sales record of $625,000, a 98 percent increase over same-period 2009 sales. The Company attributes its significant growth to the Company's targeted marketing efforts, and to the increasing recognition nationwide regarding the importance of using organic fertilizer products for lawncare, professional turf, and agricultural applications.

09:37

GLGL GLG Life Tech announces distribution agreement signed with sugar Australia (7.78 0.00)

Co announces the signing of a five-year agreement with Sugar Australia for the distribution and marketing of GLG's stevia extract products. The companies are working in partnership to market stevia and its use as an ingredient to the food and beverage sector in Australia and New Zealand. Key highlights under the terms of this agreement include: Initial term of five years with an automatic renewal provision for another five years subject to certain conditions; Mutual exclusivity between the two companies based on successful achievement of agreed GLG product purchases levels, which will be established by mutual agreement year by year

09:37

UTA Universal Travel announced a partnership with Agoda, a subsidiary of Priceline.com (PCLN) (6.29 +0.20) -Update-

Co announced a partnership with Agoda, a subsidiary of Priceline.com, to strengthen its hotel reservation business segment and upgrade its website. Under the agreement, Universal Travel Group will offer its customers access to Agoda's international network of hotels. Through the updated cnutg.com website, travelers will be able to enjoy special Agoda promotions and instant confirmation at tens of thousands of hotels worldwide. Through this partnership with Universal Travel Group, Agoda intends to increase its exposure in the large Chinese travel market.

09:36

JPM JP Morgan Chase gaps above its June range top highs to reach a fresh 5 wk high of 40.34 (40.19 +1.00) -Update- -Technical-

It late May reaction high and 200 day ema are at 40.49/40.48.

09:34

AAPL Apple displays relative weakness off the open as it dips down to challenge its recent 3-day low near $254.86-255.00 (254.15 -3.10) -Technical-

09:32

AA Alcoa gaps up near its 50 sma at 11.37 and pauses -- session high 11.34 (11.26 +0.39) -Update- -Technical-

Note that its 50 ema comes into play at 11.48.

09:31

DHRM Dehaier Medical Systems acquires emergency ventilator series to extend product line (5.25 0.00)

Co acquired an emergency ventilator product line from Beijing Qiumanshi Technology. The acquisition includes the production technology and complete proprietary intellectual property.

09:31

GNBT Generex Biotech granted United States patent for AE37 peptide vaccine (0.37 )

Co announced that its wholly-owned subsidiary, Antigen Express, has been granted a United States patent on AE37, its lead immunotherapeutic vaccine.

09:31

QTWW Quantum Fuel and Asola expand into canada - signs MOU to build a 30 MW solar manufacturing facility in Ontario (0.51 )

Co announced that its German affiliate Asola, has signed a Memorandum of Understanding to establish a joint venture manufacturing plant in Ontario, Canada, to enable production and distribution of high quality solar modules in Canada. The Canadian partner, Evergreen Power Ltd., is a developer of renewable energy projects, with well-established relationships in the building industry. The planned initial production capacity is 30 MW (megawatts) per year of solar modules incorporating mono- and poly-crystalline silicon solar cells, with a potential to generate revenues in excess of $60 Million annually. The joint venture company will market solar photovoltaic (PV) modules under the "Asola" brand. Quantum owns a 24.9% interest in Asola.

09:28

DEP Duncan Energy increases cash distribution rate to $0.45 from $0.435 (28.13 )

09:26

On The Wires

Iconix Brand Group (ICON) signed a long-term direct-to-retail license agreement with Sears Holdings (SHLD) for the junior brand, BONGO. Commencing fall 2010, Bongo apparel and other lifestyle-related categories will be available in Sears and Kmart Stores in the United States... Rollins (ROL) announced that it has signed a definitive agreement to acquire Waltham Services. The acquisition is expected to close by the end of July 2010.

09:18

EPD Enterprise Products increases quarterly cash distribution rate 5.5% to $0.575 (36.64 )

09:12

A Agilent announces offering of senior notes (28.20 )

Co announced it is offering, subject to market and other conditions, two series of senior notes. Agilent intends to use the net proceeds from the offering to satisfy, in part, the financing obligation of its subsidiary Agilent Technologies World Trade.

09:09

On The Wires

Echelon Corporation (ELON) and Convergys Corporation (CVG) announced a collaboration to develop integrated smart grid solutions based on Convergys' highly scalable Smart CIS Solution and Echelon's Networked Energy Services System... TBS International (TBSI) announced that its joint venture, LOG.STAR NAVEGACAO S.A., or LOG.STAR, obtained an operational license in Brazil to provide domestic shipping services... MaxLinear (MXL) announced that Netgem, Paris, has selected the MxL201RF ultra-low power silicon tuner to be used in several of its key hybrid set-top box designs.

09:05

LNDC Landec Subsidiary, Apio, announces exclusive license agreement with Windset Farms (6.03 )

Under the agreement, Apio will receive a one-time upfront research and development fee of $100,000 and ongoing license fees equal to 3% of net revenue of the exclusive products utilizing the proprietary breathable packaging technology, with or without the BreatheWay trademark. The ongoing license fees are subject to annual minimums of $150,000 for each of the three types of exclusive product as each is added to the exclusive agreement.

09:04

COMDX Crude oil, natural gas spike to best levels of the morning

Crude is higher by $1.70 to $76.65; natural gas is up 5.6 cents to $4.444.

09:04

ACPW Active Power OEM channel orders triple (0.91 )

Co announced sales volume from its OEM partnership with Caterpillar (CAT) continues to increase. Caterpillar ordered 83 flywheels utilized within the company's high efficiency flywheel based UPS systems in the first half of 2010 compared to 28 flywheels ordered in the same period of 2009, a nearly 200 percent increase.

09:02

PAA Plains All Amer increases quarterly distribution 4.1% to $0.9425 (60.06 )

09:02

STP Suntech Power appoints Amy Yi Zhang to spearhead strategic project finance initiatives (10.57 )

Co announces that Ms. Amy Yi Zhang will assume a new role as Vice President in charge of Suntech's strategic project finance initiatives. In her new role, Ms. Zhang will focus on strategic initiatives including building stronger relationships with key project finance partners and developing value-added solutions to support sales growth

09:01

ADCT ADC Telecom: Tyco Electronics (TEL) to acquire ADCT for $12.75/share (8.85 )

The cos announced a definitive agreement under which Tyco Electronics will acquire ADC for $12.75 per share in cash, or an enterprise value of ~$1.25 billion. The transaction is expected to be accretive by ~$0.14 per share in the first full year after closing excluding acquisition-related costs... Tyco Electronics also reports preliminary fiscal third quarter results. Co issues upside guidance for Q3 (Jun), sees EPS of $0.70 vs. $0.63 Thomson Reuters consensus; sees Q3 (Jun) revs of $3.1 bln vs. $3.04 bln Thomson Reuters consensus. "We expect ADC to be accretive to our earnings in the first year and to reach our target operating margin of 15 percent in the third year after the acquisition."

09:00

CVX Chevron Announces Natural Gas Discovery in Australia (71.85 )

Co announces a new exploration drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin. The well was drilled to a depth of 15,406 feet (4,696 meters) and encountered approximately 246 feet of net gas pay.

08:57

On The Wires

Sonic Solutions (SNIC) announced that Haier has chosen the RoxioNow platform to provide its customers library of Hollywood entertainment... Curtiss-Wright Corporation (CW) announced today that it has received an order from Petrobras (PBR) for 12 top and bottom DeltaGuard fully-automated coke drum unheading systems. The units are expected to be delivered to the Petrobras Abreu e Lima Refinery located in Pernambuco, Brazil. With the Petrobras order, the total number of DeltaGuard systems sold will rise to 461... Time Warner (TWX) and Unilever (UN) have entered into a multi-year strategic partnership.

08:55

On The Wires

STR Holdings (STRI) announced that the 1.0 GW expansion of its Malaysia plant has become operational to meet the growing global market demand for its industry-leading PhotoCap solar encapsulant materials. Total production capacity at the Malaysia facility has now been doubled to 2.0 GW, bringing the co's global installed capacity to 6.35 GW... Radient Pharmaceuticals (RPC) announced that it has entered into a letter of intent to acquire Provista Diagnostics. RPC intends to acquire PDI, in a stock-for-stock transaction, when respective due diligence for both companies is successfully completed... JDSU (JDSU) is providing optical technology for gesture recognition systems... Reed's (REED) announced that Fred Meyer, which operates 129 multi-department stores in Alaska, Idaho, Oregon and Washington, will begin carrying 'Reed's Rx' over-the-counter ginger-based remedies for nausea and motion sickness in all of its locations. Fred Meyer is a division of Kroger Co. (KR).

08:46

C Citigroup to divest private equity fund of funds and co-investments businesses (4.11 )

Co announced it has entered into a definitive agreement to transfer the management and certain proprietary interests in its fund of funds, mezzanine funds, feeder funds and co-investment businesses to StepStone Group LLC and Lexington Partners. As part of the agreement, StepStone, a provider of customized private equity investment management and advisory services, will provide ongoing management and advisory services for the CPE businesses' $4 billion fund of funds, feeder and co-investment funds. Terms of the transaction, which is expected to close early in the fourth quarter of 2010, were not disclosed. Completion of the transaction is subject to customary closing conditions. Upon completion, this transaction will reduce GAAP assets in Citi Holdings by approximately $1.1 billion.

08:33

CERN Cerner announced that Trace Devanny, president, will leave the co effective July 16, 2010; reiterates guidance levels provided in the April 28 earnings release (80.31 )

Co announces that Trace Devanny, president, will leave the company effective July 16, 2010. Cerner will report results for the second quarter of 2010 on July 28. The Company expects these results to be at or above guidance levels provided in the April 28 earnings release... Note that on April 28, the co guided Q2 EPS of $0.64-0.69, excluding non-recurring items (vs $0.68 consensus); sees Q2 revs of $440-$455 mln (vs $449.5 mln consensus))

08:32

SYY Sysco announces acquisition of Lincoln Poultry & Egg; co has annualized revs of ~$200 mln (29.55 )

08:32

CERP Cereplast issues 12 month investor update; co estimates that revenues this year could increase more than 190% over last year to between $8-10 million vs consensus of $8.9 mln (3.17 )

Co highlighted several highlights that have been achieved in the past 12 months. Co has achieved the following results: Cut costs by over 55% in 2009 and by 31.2% in the first quarter of 2010, reducing cash burn rate from about $1.2 mln per month to $0.2 mln per month; Increased gross margin to 12.3% in 2009 from 1.8% in 2008, and to 31.6% in first quarter 2010 from 17.4% in first quarter 2009; Raised over $13 mln in equity capital from qualified institutions and accredited investors; Entered into agreements to ship 16 mln pounds of bioplastic resins in 2010, representing a 400% increase in shipments over 2009. For 2010, the Company is now positioned to achieve operational profitability in the fourth quarter and estimates that revenues this year could increase more than 190% over last year to between $8 mln to $10 mln.

08:32

MMP Magellan Midstream to acquire petroleum storage and pipelines from BP Pipelines for $289 mln (48.15 )

Co announces that it has agreed to acquire 7.8 million barrels of crude oil storage and more than 100 miles of active petroleum pipelines from BP Pipelines (North America) for $289 mln. Magellan will acquire 7.8 million barrels of crude oil storage in Cushing, Oklahoma, supported by a multi-year utilization agreement from the seller.

08:31

ANV Allied Nevada provides preliminary second quarter 2010 operating results with record sales of 29,600 ounces of gold (18.54 )

Allied Nevada achieved record metals sales in the second quarter with approximately 29,600 ounces of gold and 64,000 ounces of silver sold at an expected average cost of sales of approximately $400 per ounce of gold sold. Year-to-date, approximately 50,000 ounces of gold and 115,000 ounces of silver have been sold and cost of sales is expected to average below $400 per ounce of gold sold. Hycroft also achieved record production levels of 30,500 ounces of gold and 61,200 ounces of silver in the second quarter of 2010 and 54,000 ounces of gold and 115,000 ounces of silver year-to-date.

08:30

HDNG Hardinge: Romi urges Hardinge shareholders to tender into $10.00 per share offer (8.88 )

Industrias Romi, a global manufacturer of machine tools, urges Hardinge shareholders to tender into Romi's fully funded cash tender offer to acquire all of the outstanding shares of Hardinge for $10.00 per share. The offer, which represents a premium of 105% to Hardinge's closing share price on December 14, 2009, when Romi first formally communicated to Hardinge its interest in pursuing a business combination, is not subject to confirmatory due diligence or any financing condition and will be funded entirely from Romi's internal resources.

08:30

TRCR Transcend Services, Inc. awarded HealthTrust contract (14.10 )

Co announces that it has entered into a 27 month contract with HealthTrust Purchasing Group to offer medical transcription and clinical documentation products and services to nearly 1,400 not-for-profit and for-profit acute care facilities and other health-care organizations within the HealthTrust membership.

08:26

IVN Ivanhoe Mines advises Rio Tinto (RTP) of termination of restrictions on potential new strategic investors (14.43 )

Co announced that Ivanhoe Mines has exercised its contractual right and given 60 days advance notice to Rio Tinto of a forthcoming change in the agreement governing Rio Tinto's investment in Ivanhoe Mines. Mr. Huberman said that a meeting of the Ivanhoe Mines Board of Directors yesterday authorized the termination of the Strategic Purchaser Covenant that has restricted the ability of Ivanhoe to issue shares to strategic investors since October 2007. The termination of the covenant will permit Ivanhoe to issue more than 5% of its common shares to one or more third-party strategic investors, which could include major mining companies. Andrew Harding, Chief Executive of Rio Tinto's copper division, resigned from the Ivanhoe Mines Board of Directors before yesterday's meeting.

08:13

On The Wires

Accenture (ACN) has acquired Acceria, a privately held company based in France that specializes in providing business processes and methodologies dedicated to the after-sales operations of industrial companies. Terms of the agreement were not disclosed... New research unveiled at the International Congress on Obesity is further evidence of how Weight Watchers (WTW) helps people around the world lose weight effectively, and has the potential to collaborate further with public health care providers worldwide to help reverse the obesity epidemic... Agilysys (AGYS) announced that Melco Crown Entertainment Limited (MPEL) has selected the Stratton Warren System inventory and procurement solution for its gaming properties in Macau.

08:11

ECONX Reminder: Trade Balance data due out in about 19 min at 8:30ET

08:07

On The Wires

BioSante Pharmaceuticals (BPAX) announced the initiation of a LibiGel clinical trial to evaluate its effect on cognitive function in menopausal women. The trial is a randomized, 6-month comparison of the effect of LibiGel compared to placebo treatment on a variety of learning and memory tasks... Celsius Holdings (CELH) announced that CD Financial, a company controlled by Carl DeSantis, a principal shareholder, agreed to provide up to $3.0 mln in a line of credit to be used exclusively for incremental targeted advertising and marketing of Celsius' products... Limited (LFT) announces that the company has won a contract from a leading brokerage firm in China to provide Business Intelligence solutions... Gulfstream International Group (GIA) announced that it has reached a final agreement with the FAA providing for the settlement of certain proposed civil penalties. The agreement calls for the Company to pay $550,000 over a 5-yr period... Westport Innovations (WPRT) announced that Volvo Powertrain, a subsidiary of Volvo AB, and Westport have signed an agreement defining Westport's responsibility to develop biogas- and natural gas-fuelled engine products for Volvo... Masimo (MASI) announced that it has acquired SEDLine, a manufacturer of brain function monitoring. Terms of the acquisition were not disclosed.

08:05

WPRT Westport Innovations signs new development and commercialization agreement (15.86 )

Co announced that Volvo Powertrain, a subsidiary of Volvo AB, and Westport have signed an agreement defining Westport's responsibility to develop biogas- and natural gas-fuelled engine products for Volvo. For competitive reasons details of the products or markets will not be disclosed until an appropriate time.

08:02

HITK Hi-Tech Pharmacal misses by $0.05, beats on revs (22.61 )

Reports Q4 (Apr) earnings of $0.50 per share, $0.05 worse than the Thomson Reuters consensus of $0.55; revenues rose 5.7% year/year to $40.5 mln vs the $39.4 mln consensus. During the quarter ended April 30, 2010, net sales of generic pharmaceutical products were $31.4 million, a decrease of 6% compared to $33.2 million for the same fiscal 2009 period. The decline was due to slower sales on certain cough cold and flu products, due to a stronger than normal season the prior year, and the discontinuation, in the Company's second quarter, of several unapproved products.

08:02

CRED Credo Petroleum announces expansion of its stock repurchase program (7.13 )

Co announces that its Board of Directors has approved expansion of the company's stock repurchase program to $5 mln.

08:01

BGP Borders Group reaches agreement to sell Paperchase Products Limited for $31 mln; proceeds will be used to reduce debt (1.48 )

Co announces they have entered into an agreement to sell Paperchase Products Limited to Primary Capital Limited, a U.K.-based private equity firm. The co will receive proceeds of approximately $31 mln upon closing, which is expected within the next week. The co is required to use $25 million of the proceeds to reduce the amount outstanding under its $90 mln term loan credit facility. The completion of the sale is subject to customary closing conditions.

08:01

RZ Raser Technologies announces agreement and substantial payment of Thermo No. 1 debt obligations (0.51 )

Under the arrangement, the lender will receive an immediate payment of $27 million out of project escrow accounts and will waive compliance with applicable debt-related covenants and obligations for the next year. In addition, Raser will make an additional payment of up to $6 million before June 29, 2011. Over the next 12 months, Raser will follow its plan to sell certain assets which will help establish the value of the Company's portfolio. As part of this process, Raser will satisfy the remaining obligation to the Thermo lender from the sale proceeds of a part or all of its interest in Thermo No. 1 or another asset.

08:01

BPHX Blue Phoenix awarded $1.8 mln modernization contract with a US Federal Government Agency (1.36 )

08:01

DPS Dr Pepper Snapple authorizes additional $1 billion share repurchase program (38.58 )

08:00

CPKI California Pizza raises Q2 EPS guidance after lowering in it on June 21; reports Q2 sales ahead of consensus (14.72 )

Co issues upside guidance for Q2 (Jun), sees EPS of $0.15-0.17 vs. $0.13 Thomson Reuters consensus;, up from guidance lowered to $0.10-0.15 from $0.24-0.26; co sees Q2 (Jun) revs of 163.1 mln vs. $159.31 mln Thomson Reuters consensus; comps -5.9% vs guidance of -6 to -7%. "Second quarter preliminary results are consistent with our previous comments which indicated that comparisons would be negatively impacted by strong results from the Thank You Card Program conducted in the second quarter of 2009. As we move past lapping last year's program and into the third quarter, we are pleased that same store sales through Sunday, July 11th have improved to approximately negative 0.6%. We are also excited that our 2010 Thank You Card Program will launch on July 28th and this year includes a cash grand prize of $100,000."

07:53

FAST Fastenal beats by $0.03, reports revs in-line (52.62 )

Reports Q2 (Jun) earnings of $0.47 per share, $0.03 better than the Thomson Reuters consensus of $0.44; revenues rose 20.3% year/year to $571.2 mln vs the $568.7 mln consensus. "Our original goal was to hit the $125 thousand per month store average by 2012. We believe the duration of the economic weakness could delay the timing of when we achieve the $125 thousand per month average by several years. However, the current economic weakness only serves to strengthen our belief in the 'pathway to profit'."

07:46

On The Wires

Pacific Pride Services, a subsidiary of Wright Express (WXS) announced that Sinclair Oil has agreed to have the more than 2,000 Sinclair branded fuel locations accept the Pacific Pride Network Super Plus card. The new sites will be coming on line over the next eight to twelve weeks The agreement will bring the number of sites that accept the card to more than 5,000... Agria Corporation (GRO) announced that it has entered into definitive agreements to divest Taiyuan Primalights III Agriculture Development, or P3A, to Mr. Frank Xue, the president and a director of P3A, in line with the agreement in principle announced by Agria on June 29, 2010.

07:41

STXS Stereotaxis announces increase in new capital orders in Q2 2010; co generated new capital orders of $10.2 mln up 42% QoQ (3.15 )

Co announced that its new capital order momentum continued to build in the second quarter of 2010. Co generated new capital orders of $10.2 million, more than doubling new capital orders from the 2009 second quarter and representing a 42% sequential increase over orders in the first quarter of 2010. New orders from North America totaled $5.1 million of the total orders in the quarter.

07:33

On The Wires

Clear Skies Solar (CSKH) announced that GS Investor, has agreed to work with CSS in the New Jersey solar market. This agreement will represent 10 megawatts of solar energy projects delivered by GS Investor in conjunction with Clear Skies' efforts over the next 12 months... Asuragen and Life Technologies (LIFE) announced that they have achieved CE-marking and commercial launch in Europe of the BCR/ABL1 Quant Test... Hyperdynamics (HDY) announced that it has contracted with PGS Geophysical to process the data from the 3D seismic survey to be conducted over its offshore block in the Republic of Guinea... Broadcom (BRCM) announced its subsidiary, Broadcom International, has declared the Offer for Innovision Research & Technology, wholly unconditional as all of the Conditions to the Offer have been satisfied or waived... Mattson Technology (MTSN) announced that leading semiconductor foundries based in Asia have placed multiple orders for the Company's dry strip systems, Suprema and Aspen 3 Strip... Applied Materials (AMAT) announced that it has signed a five-year contract to service all Applied Materials chip production equipment at NXP Semiconductor's facility in Nijmegen, Holland... Northrop Grumman Corporation (NOC) announced that it has signed an agreement to purchase an existing building located at 2980 Fairview Park Drive, Falls Church, Va. as the new location for its corporate office, completing a comprehensive site selection process.

07:30

PLX Protalix BioTherapeutics announces French ATU granted for taliglucerase alfa for the treatment of gaucher disease (6.02 )

The co announces that the French regulatory authority granted an Autorisation Temporaire d'Utilisation (ATU), or Temporary Authorization for Use, for taliglucerase alfa for the treatment of Gaucher disease. An ATU is the regulatory mechanism used by the French Health Products and Safety Agency to make non-approved drugs available to patients in France when a genuine public health need exists. This ATU allows patients with Gaucher disease in France to receive treatment with taliglucerase alfa before marketing authorization for the product is granted in the European Union. Payment for taliglucerase alfa has been secured through government allocations to hospitals.

07:22

ALY Allis-Chalmers Energy acquires American Well Control; total consideration of approximately $17.2 million in cash and 1.0 million shares of Allis-Chalmers common stock (2.11 )

Co announced the acquisition of American Well Control, for total consideration of approximately $17.2 million in cash and 1.0 million shares of Allis-Chalmers common stock. For the twelve-month period ended December 31, 2009, American Well Control generated revenues of approximately $18.5 million and estimated EBITDA of approximately $4.1 million. For the five-month period ended May 31, 2010, revenues were $9.5 million and EBITDA was $2.9 million (unaudited).

07:08

On The Wires

Cepheid (CPHD) announced that it has filed an answer and counterclaims in a patent suit brought by Abaxis on June 28, 2010 in the United States District Court for the Northern District of California... BPZ Resources (BPZ) announces completion of its CX11-22D well and spudding of the CX11-23D well in Corvina, and provides an update on production, Albacora oil sales, and status of the Extended Well Testing permitting process... Gilat Satellite Networks (GILT) announced that it has been chosen to provide broadband satellite networks for homeland security applications in Asia... Socket Mobile (SCKT) announces expanded compatibility of the Socket Bluetooth Cordless Hand Scanner Series 7 with BlackBerry smartphones including the Bold, Curve, Pearl, Storm and Tour.

07:04

GEL Genesis Energy, L.P. increases quarterly distribution to $0.375 per Common Unit, up from $0.345 per unit (19.90 )

07:03

BCON Beacon Power receives notification of $2.25 million award from U.S. Department of Energy to develop next-generation flywheel system (0.36 )

07:03

RXII RXi Pharmaceuticals awarded an Advanced Technology Small Business Innovation Research grant by the National Institute of Allergy and Infectious Diseases (2.27 )

07:02

BPZ BPZ Energy provides block Z-1 operations update (3.82 )

Co announces completion of its CX11-22D well and spudding of the CX11-23D well in Corvina, and provides an update on production, Albacora oil sales, and status of the Extended Well Testing permitting process. Corvina CX11-22D and 23D The 22D well was drilled in an up dip location of the Corvina field to continue appraising its oil and gas potential. The well has been completed to simultaneously produce oil and for the re-injection of formation water as part of the project to allow the Company to transition to commercial production in Corvina. The petrophysical evaluation shows that the well has approximately 75 feet of net oil pay, 70 feet of prospective oil pay in the lower zones, and has 75 feet of net gas pay above the oil zones. The well tested oil at an approximate rate of 300 barrels of oil per day (bopd) but with high gas rates due to gas coming from one of the higher intervals opened to help define the gas-oil contact.

07:01

RIMM Research In Motion announces TSX approval for common share repurchase program (53.79 )

Co announces that the TSX has approved the share repurchase program announced by RIMM on June 24, 2010. Under its share repurchase program, RIMM may, during the twelve-month period from July 15, 2010 to July 14, 2011, purchase up to 22,457,566 of its common shares through the facilities of the TSX and the Nasdaq Stock Market

07:01

IRIS IRIS Intl renews supply agreement With Amerinet (9.76 )

Co announced a new supply agreement for its full product line of automated and semi-automated urinalysis systems, related products, consumables and services agreements, with Amerinet. The new three-year sales and service supply agreement went into effect June 1, 2010.

07:01

ENMD EntreMed (ENMDD) ENMD-2076 demonstrates significant anti-cancer activity in multiple myeloma preclinical models (2.56 )

Co announces the publication of preclinical data for its Phase 2 oncology drug candidate, ENMD-2076 an Aurora A/angiogenic kinase inhibitor, which demonstrated significant activity against multiple myeloma cell lines and in MM models in vivo. Results of the study, conducted by EntreMed's collaborator, Sherif Farag, M.D., Ph.D., and colleagues at the Indiana University School of Medicine, were published in the on-line version of the British Journal of Haematology on June 15, 2010 and are scheduled to be published in print in the August 1, 2010 issue. Co recently initiated a Phase 2 study for ENMD-2076 in ovarian cancer patients. Ovarian cancer was selected as the initial Phase 2 indication based on results from the Phase 1 study in patients with solid tumors where the clinical benefit of ENMD-2076 was observed in this patient population. Six sites are participating in the Phase 2 study and all are actively recruiting patients.

07:01

MAPP MAP Pharma announces results from LEVADEX Pharmacokinetics trial in smokers (12.71 )

Co announces results from a clinical trial comparing the pharmacokinetics and safety of LEVADEX orally inhaled migraine therapy with intravenous dihydroergotamine mesylate in smokers and non-smokers. The trial was designed to measure whether systemic absorption and exposure in smokers is greater than in non-smokers. In the trial, the systemic absorption of LEVADEX was not higher and systemic exposure to DHE was not greater in smokers than in non-smokers. LEVADEX is a novel orally inhaled migraine therapy that has completed Phase 3 efficacy development for the acute treatment of migraine. In the trial, subjects were randomized to receive either a single dose of LEVADEX or IV DHE (DHE 45) and then crossed over to the alternate treatment. Study drug administration was followed by 48 hours of serial blood sample collections, repeat ECGs, spirometry and vital sign assessments. The trial included healthy adult volunteers, 23 were smokers and 24 were non-smokers. LEVADEX was well-tolerated and no drug related serious adverse events were reported. "In addition, we are pleased to report that we have completed enrollment in our pharmacodynamic trial as we continue to make progress with our remaining clinical trials to support an NDA submission for LEVADEX in the first half of 2011."

07:00

HRBN Harbin Electric dispels recently reported claims over buying restrictions on its shares (17.31 )

Co announces that Merrill Lynch has confirmed to HRBN that it does not have in place any general restrictions to prevent Merrill Lynch clients from buying the co's stock. Over the past few trading days, several investors have reported to the co that they could not execute buy transactions online in the shares through Merrill Lynch. The co contacted Merrill Lynch regarding these reports. After investigating these reports, Harbin Electric said that Merrill Lynch informed the co that it does not have in place, nor did it have in place at any point in time, any general restriction on the purchase of shares by any of its clients.

07:00

TSYS TeleComm Sys awarded $10 million field services order to support United States Marine Corps Deployable Communications (4.26 )

06:30

BLTI Biolase Technology announces additional cost cutting measures; management changes (1.38 )

Co announces that it has eliminated 20 positions and has made additional cost-cutting measures across the organization, in order to better position the Company for future profitability. In connection with the corporate restructuring activities came the departure of Chief Financial Officer Brett L. Scott. Scott's responsibilities will be taken on, for an interim period, by Chairman and Chief Executive Officer David M. Mulder and by BIOLASE's Corporate Controller.

06:25

S&P futures vs fair value: +7.70. Nasdaq futures vs fair value: +13.50.

06:25

Asian Markets

Nikkei...9537.23...-10.90...-0.10%. Hang Seng...20431.06...-36.40...-0.20%.

06:25

European Markets

FTSE...5242.00...+75.00...+1.50%. DAX...6161.79...+84.50...+1.40%.

06:05

On The Wires

Hornbeck Offshore Services (HOS) announces that it is reviewing the Secretary of the Interior's latest offshore drilling moratorium and has substantial concerns about its consistency with the June 22, 2010 order by U.S. District Judge Martin Feldman... Yingli Green Energy (YGE) announces that its U.S. subsidiary, Yingli Green Energy Americas, has been selected to provide 15 megawatts of solar modules for 16 solar power systems at multiple Kaiser Permanente hospitals and office facilities across California.

03:28

On The Wires

LDK Solar (LDK) announces that it has signed a module supply contract with Italy-based Enel.Si S.r.l., a wholly owned subsidiary of Enel S.p.A. Under terms of the agreement, LDK Solar will supply Enel with LDK Solar branded modules totaling 50 megawatts, with 30 MW deliverable in this quarter and an option for an additional 20 MW in 4Q10... Evergreen Energy (EEE) provided updates on the development of a Chinese coal facility employing its K-Fuel technology; Evergreen and its partner, Beijing-based Beijing Gang Jing Hong Ren Technology Co., Ltd., have each contributed $500K to their equity joint venture, Evergreen China Energy Technology Co Ltd., also referred to as its Sino/US joint venture... Descartes Systems Group (DSGX) announces that MOL, a multi-modal transport company, has selected Descartes to help manage its container division's European Union Import Control System customs filings.

02:20

INFY Infosys reports EPS in-line, beats on revs; guides Q2 EPS below consensus, revs above consensus; guides FY11 EPS in-line, revs above consensus (63.02 )

Reports Q1 (Jun) earnings of $0.57 per share, in-line with the Thomson Reuters consensus of $0.57; revenues rose 21.0% year/year to $1.36 bln vs the $1.34 bln consensus. Co added 38 clients during 1Q11. Co issues mixed guidance for Q2, sees EPS of $0.59-0.60 vs. $0.61 Thomson Reuters consensus; sees Q2 revs of $1.41-1.43 bln vs. $1.38 bln Thomson Reuters consensus. Co issues guidance for FY11, sees EPS of $2.42-2.52 vs. $2.48 Thomson Reuters consensus; sees FY11 revs of $5.72-5.81 bln vs. $5.67 bln Thomson Reuters consensus.

02:15

FAST Fastenal announces $0.42/share dividend to shareholders of record on August 20, 2010; co has paid $0.82 per share in total dividends in FY10 (52.62 )

Co expects that it will continue to pay a comparable semi-annual cash dividend in the foreseeable future, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the co and such other factors as are deemed relevant by the Board of Directors. FAST paid $0.72 per share in total dividends in FY09.

02:09

On The Wires

Roche (RHHBY) announces that the co has obtained a worldwide co-exclusive license for the biomarker PI3K (phosphoinositide 3-kinase) from QIAGEN (QGEN) to develop real-time and endpoint PCR diagnostic assays. Johns Hopkins University owns the patent for the PI3K biomarker and has previously granted an exclusive license to QIAGEN's wholly owned subsidiary DxS, now QIAGEN Manchester. Financial details were not disclosed... Oracle (ORCL) announces the pricing of its sale of $1.0 bln of 3.875% Notes due 2020 and $2.25 bln of 5.375% Notes due 2040... Blount International (BLT) announces that it has engaged GE Capital Markets to arrange an amendment to its senior credit facility. The intended amendments to the senior credit facility include an increase in the facility size up to $425 mln and an extension in the maturities of the revolving credit facility and the term loans until 2015 and 2016, respectively.

02:08

HGSI Human Genome Sciences and Lonza enter commercial manufacturing agreement for BENLYSTA (24.14 )

Co and Lonza announce an agreement for the future commercial supply of BENLYSTA. BENLYSTA is being developed by HGSI and GlaxoSmithKline (GSK) under a co-development and commercialization agreement entered into in 2006.

02:06

GGP Gen Growth Properites files plan of reorganization and disclosure statement (13.71 )

Co announces filed its proposed Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of NY. Under the terms detailed in the filing, GGP anticipates it will emerge from Chapter 11 protection in October 2010. Under the Plan, GGP will satisfy its debt and other claims in full, provide a substantial recovery for shareholders and implement a recapitalization with $7.0-8.5 bln of new capital. At emergence, GGP will split itself into two separate publicly traded companies ("New GGP" and "Spinco"), and current shareholders will receive common stock in both companies. The Plan is based on investment agreements with affiliates of Brookfield Asset Management, Fairholme Capital Management and Pershing Square Capital Management, which have committed to provide $8.55 bln in capital.

19:04

BIOD Biodel reports progress with development of glucose-regulated 'smart' basal insulin (3.78 -0.01)

Co reported results of preclinical tests which demonstrated the potential of the company's glucose-regulated or "smart" basal insulin product candidate, BIOD620, to release insulin proportionally in response to changing glucose conditions. In an oral presentation today at the 37th Annual Meeting and Exposition of the Controlled Release Society in Portland, Oregon, Nandini Kashyap, director of novel drug delivery at Biodel, described results of in vitro and in vivo studies with diabetic pigs which compared the use of BIOD620 to Lantus (insulin glargine). BIOD620 is Biodel's proprietary injectable formulation of insulin glargine that has been designed to alter its insulin release profile in response to changing glucose concentration.

19:04

LACO Lakes Entertainment announced that UBS Financial Services ("UBS") had purchased Lakes Entertainment remaining auction rate securities at par value (1.37 +0.05)

19:03

NMR Nomura Holdings: Instinet JapanCrossing records largest volumes since 2008 (5.58 +0.02)

Instinet, a global leader in electronic trading and agency-only brokerage services, today announced that June 2010 marked the largest average daily value of orders placed and average daily value traded on its JapanCrossing1 dark pool since May 2008, despite a 31% month-over-month decrease in average equity value traded on Japan's national exchanges2.

18:30

ACE ACE USA announces formation of renewable energy unit, expands product capability and appoints Darren Small to lead efforts (55.02 +0.33)

18:30

QUOT LQ Acquisition extends tender offer for Life Quotes (3.95 -0.03)

Co that it has extended its tender offer to acquire all the outstanding shares of Life Quotes (QUOT) not otherwise held by LQ Acquisition, Inc. or its affiliates. The tender offer will now expire at 12:00 midnight New York City time on Thursday, August 12, 2010.

18:24

Futures are higher after hours with S&P 500 futures 2.98 points above fair value of 1075.42 and Nasdaq 100 futures 4.49 points above fair value of 1820.26

18:07

XJT ExpressJet reports June 2010 performance (2.59 -0.10)

Co reported that, during the month, ExpressJet revenue passenger miles (RPM) totaled 893 million, and available seat miles (ASM) flown were 1,073 million. ExpressJet's June load factor for Partner Flying was 83.3%. The company flew 68,565 block hours and operated 38,619 departures during the month as Continental Express and United Express. During June 2010, ExpressJet operated 206 aircraft as Continental Express and 32 aircraft as United Express.

18:04

OZRK Bank of the Ozarks beats by $0.08 (37.05 +0.57)

Reports Q2 (Jun) earnings of $0.64 per share, $0.08 better than the First Call consensus of $0.56. Nonperforming loans and leases as a percent of total loans and leases decreased to 0.87% as of June 30, 2010 compared to 0.90% as of June 30, 2009 and 1.02% as of March 31, 2010. Nonperforming assets as a percent of total assets were 2.12% as of June 30, 2010, an increase from 1.37% as of June 30, 2009 but a decrease from 2.68% as of March 31, 2010.

17:40

DO Diamond Offshore Drilling announces relocation of Deepwater Ocean confidence to the Congo (64.09 -0.31) -Update-

DO announced that a subsidiary of the Co has agreed to suspend a Gulf of Mexico (GOM) contract and has entered into a new multi-well international commitment with a subsidiary of Murphy Exploration and Production Co that will result in the relocation of the dynamically positioned, deepwater drilling rig Ocean Confidence to the Republic of Congo. The rig departed the GOM over the weekend and is expected to arrive on location offshore Africa within ~60 days. The new international contract is a three-well commitment, plus an option for additional work, and includes an obligation for the customer to mobilize the rig to and from the Republic of Congo. The remaining one-year Gulf of Mexico commitment and new international commitment are expected to generate combined maximum total revenue of ~$234 mln.

17:37

FBC Flagstar Bancorp successfully regains compliance with NYSE minimum share price listing requirement (3.14 -0.13)

17:31

BRKS Brooks Automation raised Q3 EPS and revs above consensus (8.02 -0.15)

Co raised Q3 EPS to $0.22-0.24 vs. $0.19 Thomson Reuters consensus; co also raised Q3 revs to $156-157 mln vs. $152.7 mln consensus. Co said, "The company further noted that based on current backlog and new order booking trends it also expects sequential revenue gain, margin expansion and earnings growth in the fourth fiscal quarter ending September 30, 2010.

17:25

ID L-1 Identity Solutions expects 1H revs to be below previously provided expectations (7.51 -0.26)

Co expects 1H revs to be below previously provided expectations and will be in the range of $310-315 million (co reported Q1 revs of $148.15 mln; thus Q2 guidance calculates to ~$161.85-166.85 vs $180.97 consensus). Adjusted EBITDA is expected to be within the previously provided range of $42.0 - $45.0 million, excluding costs of approximately $2.0 million relating to the strategic alternative process.

17:21

GNV GSC Investment apppointed Eric A. Snyder to serve as CFO effective on July 15, 2010 upon Allorto's resignation (1.64 )

17:14

CLB Core Lab declares a special cash dividend of $0.65 (79.23 +0.62) -Update-

CLB's Board of Supervisory Directors also has declared a special cash dividend of $0.65 per share of common stock payable on 23 August 2010 to shareholders of record on 23 July 2010. This amount also is reflective of the two-for-one stock split and is the equivalent of $1.30 per share before the split. Dutch withholding tax will be deducted from the special dividend at a rate of 15%.

17:08

AA Alcoa resumed trading around $11.39, but now trading at $11.23 (10.87 -0.07) -Update-

17:01

CVX Chevron expects earnings for Q2 2010 to be higher than Q1 (71.85 +0.01)

Co reported upstream earnings are projected to be in line with Q1 results. Downstream results, inclusive of the former Chemicals business segment, are expected to be significantly higher than the first quarter. Additionally, earnings are expected to benefit from favorable non-cash foreign currency effects due to the strengthening of the U.S. dollar in the Q2. Briefing.com note: The company reported $2.36 earnings per share in Q1; earnings consensus for Q2 is $2.23 per share. FY10 EPS expectations are $8.67 per share.

17:00

WIN Windstream prices private offering of $400 mln of its 8.125% senior notes due 2018 (11.20 +0.07)

16:57

LIWA Lihua International reclassifies warrants from equity to derivative liabilities; co restated 2009 GAAP EPS to $0.72 from $0.88; These non-cash restatements did not affect LIWA's net income (8.39 -0.15)

Co announced that it has filed an amended annual report on form 10-K/A for the period ended December 31, 2009 and an amended quarterly report on form 10-Q/A for the period ended March 31, 2010 with the U.S. S.E.C. The sole purpose of the amended reports is to reclassify the accounting treatment of warrants (non cash items) with respect to the Company's deemed functional currency. As a result of this reclassification, the Company has restated GAAP net income for the twelve months ended December 31, 2009 to $13,732,698 or $0.72 per diluted share from $16,779,276 or $0.88 per diluted share, and GAAP net income for the three months ended March 31, 2010 to $8,856,558 or $0.34 per diluted share from $7,375,335 or $0.28 per diluted share. These non-cash restatements did not affect LIWA's operating income, non-GAAP net income or adjusted EBITDA for either period, and the Co does not expect this reclassification to have any impact on future operating results.

16:54

CSNT Crescent Banking notifies Nasdaq of intent to delist (0.89 +0.01)

16:42

FLIC The First of Long Island Corporation announces common stock offering of up to $30 mln (25.66 +0.16)

16:39

PLL Pall Corp: Eurocopter authorizes Pall Corp to sell the Centrisep EAPS for EC135/635 helicopter engine protection (35.50 -0.19)

16:33

IVZ Invesco reported preliminary month-end assets under management of $557.7 bln, an increase of 24.1% month over month. (18.25 -0.31)

16:31

BEN Franklin Resources announces June month-end assets under mgmt of $570.5 bln, down from $572.7 bln in May (91.65 -0.63)

16:14

AA Alcoa beats by $0.01, beats on revs; raises aluminum consumption estimate (10.87 -0.07)

Reports Q2 (Jun) earnings of $0.13 per share, $0.01 better than the Thomson Reuters consensus of $0.12; revenues rose 22.2% year/year to $5.19 bln vs the $5.05 bln consensus. "The top and bottom line growth was driven by higher volumes from stronger end markets and continued gains from our productivity programs. Based on this improved end-market demand, we are raising our projection for aluminum consumption from 10 percent to 12 percent this year."

16:07

NVLS Novellus beats by $0.06, beats on revs (26.68 +0.19)

Reports Q2 (Jun) earnings of $0.66 per share, $0.06 better than the Thomson Reuters consensus of $0.60; revenues rose 169.6% year/year to $321.4 mln vs the $312 mln consensus.

16:06

BMTI Biomimetic Therapeutics announces 5 mln common stock offering (10.97 -0.46)

16:06

MOH Molina Healthcare acquires Abri Health Plan for approximately $16 mln (27.55 -0.72)

Co announced that it has entered into a definitive agreement to acquire Abri Health Plan, a provider of Medicaid managed care services to BadgerCare Plus and SSI Managed Care enrollees in Wisconsin. The purchase price for the acquisition is expected to be approximately $16 mln, subject to adjustments, and will be funded with available cash and/or the co's credit facility. Subject to regulatory approvals and the satisfaction of other closing conditions, the closing of the transaction is expected to occur by August 31, 2010.

16:05

EXTR Extreme Networks guides Q4 revenue of $84-$86 mln vs $84.62 mln consensus (2.59 -0.05)

Co raises guidance for Q4, sees revenue of $84-$86 mln vs. Thomson Reuters consensus of $84.62 mln, and vs. prior guidance of $82-$85 mln.

16:04

CSX CSX beats by $0.09, beats on revs (52.55 +0.79)

Reports Q2 (Jun) earnings of $1.07 per share, $0.09 better than the Thomson Reuters consensus of $0.98; revenues rose 22.0% year/year to $2.7 bln vs the $2.63 bln consensus.

16:02

MG Mistras Group: Francis Joyce Joins MISTRAS as CFO (10.09 -0.30)

Co announces the hiring of Francis T. Joyce as the Chief Financial Officer. He will report to Sotirios J. Vahaviolos, Chairman and CEO of MISTRAS. Most recently, he was the Chief Financial Officer for the Macquarie Infrastructure Company. Prior to the Macquarie Group, Mr. Joyce served as Chief Financial Officer of IMAX Corporation.

16:01

SRX SRA Intl wins $57 mln contract with FAA for Airport Technology Research and Development Technical/Engineering Support program (20.39 )

16:01

WPI Watson Pharm confirms that its subsidiary filed an ANDA with the FDA seeking approval to market sevelamer carbonate for oral suspension, 0.8g and 2.4g per packet (42.60 +0.02)

Watson's sevelamer carbonate for oral suspension product is the generic version of Genzyme's (GENZ) Renvela for Oral Suspension.

16:01

AA Alcoa halted ahead of earnings (10.87 -0.07)

16:01

THLD Threshold Pharma: TH-302 enhances efficacy of two antiangiogenic agents and, in a separate study, demonstrates selectivity in pancreatic cancer by targeting a distinct tumor compartment from that of gemcitabine (1.01 -0.02)

The co announces two preclinical presentations on its clinical stage hypoxia-activated prodrug, TH-302, at the American Association for Cancer Research (AACR) Translational Cancer Medicine Meeting, being held July 11 to 14, 2010, in San Francisco, CA... Poster A42, C.P.Hart et al., studied the hypothesis that TH-302 would exhibit enhanced efficacy in the context of an antiangiogenic-mediated increase in tumor hypoxia and potentiate the antitumor efficacy of the antiangiogenic. All combination therapy treatment groups (TH-302 plus sunitinib or sorafenib) exhibited superior efficacy compared to the corresponding monotherapy groups. Poster A22, J.D.Sun et al., supports the hypothesis that TH-302 and gemcitabine work in a complementary manner by targeting two distinct tumor compartments, thus adding support for hypoxic compartment selectivity of the mechanism of action of TH-302.

16:00

MGI MoneyGram appoints James E. Shields executive Vice President and Chief Financial Officer (2.36 -0.12)

Co announced that it has named James E. Shields executive vice president and chief financial officer of the corporation, effective July 13, 2010. Shields earned a Master of Business Administration from Fuqua School of Business at Duke University in North Carolina and a Bachelor of Science degree in Economics from The Wharton School, University of Pennsylvania.

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