Briefing.com: Hourly In Play (R) – 15:00 ET

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

Updated: 13-Sep-10 15:00 ET

14:59

GRMN NASDAQ 100 (NDX) strength & weakness- Semis (BRCM, LRCX, MRVL, NVDA) maintain their leadership approaching the final hour of trade -Technical-

NDX 10 Best % Performers:

GRMN, NVDA, SNDK, BRCM, NTAP, STX, INFY, LOGI, LRCX, MRVL

NDX 10 Worst % Performers:

NIHD, CELG, ILMN, WCRX, CMCSA, DISH, GENZ, GILD, MICC, MAT

NASDAQ A/D @ +3:1

NASDAQ TRIN +0.45

14:56

JPM Dow 30 (DJX) strength & weakness- Financials (BAC, JPM) remains the leaders approaching the final hour of trade; Technology (INTC, MSFT) also strong -Technical-

DJX 5 Best % Performers:

JPM, AA, MSFT, BAC, INTC

DJX 5 Worst % Performers:

MCD, XOM, PFE, UTX, DIS

NYSE A/D @ +2.5:1

NYSE TRIN +0.50

14:48

SPY S&P +10 flirting with afternoon bounce high after stabilization above 200 sma/flat line for the year at 1115 -Update- -Technical-

14:38

COMDX NYMEX Energy Closing Prices

Crude oil settled higher by 74 cents to $77.19, natural gas gained 5.6 cents to finish at $3.939, heating oil closed up 1.73 cents to $2.1217 and RBOB gasoline gained 0.53 cents to end at $1.9784 (all Oct contracts).

14:33

COMDX CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices

December corn closed 6 cents higher at $4.8425 per bushel, November soybeans closed 3 cents higher at $10.34 per bushel, Dec wheat closed 9.25 cents higher at $7.46 per bushel, October ethanol closed $ 0.04 higher at $2.01, October world sugar futures closed 0.84 cents higher to 22.55 cents (or 3.6%).

Sugar was the best performing commodity in the CRB Index today. In total, 13 of the 19 CRB components posted a gain today.

14:30

CDR Cedar Shopping Centers to purchase shopping center in New Jersey for $26.5 mln (6.16 +0.21)

Co announced that it has entered into a definitive purchase contract to purchase the Cross Keys Place shopping center in Sewell, New Jersey on behalf of the joint venture between Cedar (20%) and RioCan Real Estate Investment Trust of Toronto, Canada (80%) for approximately $26.5 million, exclusive of closing costs and adjustments. The parties expect closing to be completed within 45 days.

14:16

CLR Continental Resources announces pricing of $400 mln of 7 1/8% of senior notes due 2021 sold at par (44.22 1.12)

Co announces the pricing of its private placement of $400 mln of 7 1/8% senior unsecured notes due 2021. The notes were sold at par. The offering is expected to close on 9/16/2010. Continental intends to use the net proceeds from the offering to repay the borrowings outstanding under its revolving credit facility and to pre-fund a portion of its accelerated capital program.

13:50

ECONX Reminder: August Treasury Budget due out in ~10 mins at 14:00 ET (Briefing.com consensus -$95.0B; July was -$103.6B)

13:32

COMDX COMEX Metals Closing Prices

Gold finished higher by 30 cents to $1246.80, silver gained 31 cents to close at $20.155 and copper closed up 7 cents to $3.4765 (all Dec contracts).

13:31

TDC Teradata selected as foundation for business intelligence by Dell (DELL) (35.06 +0.33)

Co announces that Dell has upgraded the Teradata Active Enterprise Data Warehouse platform to be used as the analytic foundation for its business intelligence enterprise data warehouse.

13:30

SNY Sanofi-Aventis: FDA accepts Sanofi Pasteur file submission for novel influenza vaccine delivered by intradermal microinjection (31.41 +0.43)

Co announced that it has filed a Supplemental Biologics License Application (sBLA) with the FDA for Fluzone Intradermal. The file has been accepted by the FDA and an action date is anticipated in the first half of 2011.

13:24

SPY Stock indices slipped into midday but are currently flirting with the first bounce high this afternoon -- Dow +48, S&P +9.4, Nasdaq +33 -Update- -Technical-

13:01

CAPS Capstone Therapeutics announces progress in clinical trials of AZX100 in keloid scarring (0.92 0.00)

Co announces that participating subjects have reached the planned twelve-month timepoint in the first of its two ongoing AZX100 Phase 2a clinical trials in keloid scarring. Data analysis for these subjects is underway. Per protocol and the original clinical development plan, results of the two keloid scarring trials will be pooled for analytical purposes and are scheduled for release during 4Q2010.

13:00

ONSM Onstream Media signed two new MarketPlace365 promoter agreements (0.94 -0.01)

Co signed two new MarketPlace365 promoter agreements. The first is with Clover Hill Trade Shows for the Acclaim Bead and Gem Expo and the second is with Stylists411 for the Hair and Beauty Show.

12:41

SPY S&P 500 +8.3 dip into midday holding above 200 sma/flat line for the year at 1115 -Update- -Technical-

12:40

SGG Global, sector, & commodity ETF money flows- Sugar (SGG) leads all commodities here @ midday, Financials/Banks (KBE, KRE) remain bid; CBOE VIX (VXX, VXZ) volatility measures remain weak as the SPX maintains gains -Technical-

Actively Traded Leading Global, Regional, & Domestic Sector ETFs:

sugar- SGG +3.25%, iShares Taiwan- EWT +3.0%, semis- XSD +2.75%, IGW +2.50%, SMH +2.50%, regional banks- KRE +2.75%, RKH +2.75%, commercial banks- KBE +2.50%, China 25- FXI +2.50%, steel- SLX +2.50%, iShares Brazil- EWZ +2.50%, iShares Sweden- EWD +2.25%, computer networking- IGN +2.0%

Actively Traded Lagging Global, Regional, & Domestic Sector ETFs:

VIX vol index- VXX -3.25%, VXZ -1.25%, US Dollar index- UUP -1.0%, cocoa- NIB -0.50%, pharma HLDRS- PPH -0.25%, coffee- JO -0.25%, SPDRS biotechnology- XBI -0.25%

12:37

BX Blackstone announces intention to offer senior notes of Blackstone Holdings Finance co, its indirect subsidiary; proceeds to be used for general corporate purposes (10.39 +0.10)

12:32

GRMN NASDAQ 100 (NDX) strength & weakness- Semis (NVDA, BRCM, KLAC) continue to pace the percentage leaders here @ midday -Technical-

NDX 10 Best % Performers:

GRMN, NVDA, SNDK, BRCM, LRCX, KLAC, INFY, MXIM, LOGI, MCHP

NDX 10 Worst % Performers:

CMCSA, ILMN, NIHD, WCRX, GENZ, MAT, CELG, FSLR, CEPH, ADBE

NASDAQ A/D @ +3.0:1

NASDAQ TRIN +0.55

12:32

ADS Alliance Data expands and extends stock repurchase program: new stock repurchase program to acquire up to $400 mln common shares through end of 2011 (63.08 +1.32)

Co announces that its board of directors has approved a new stock repurchase program to acquire up to $400 mln of co's common stock through the end of 2011. The program increases co's combined repurchase authorizations to ~$2.0 bln, of which ~$1.6 bln has been used to purchase ~31 mln shares, representing 38% of co's fully diluted shares outstanding when this program began in 2008. The new repurchase program replaces the existing program, which was scheduled to terminate at the end of 2010. The authorization will be financed primarily through free cash flow.

12:30

DIA Dow +31 underperforms on slide into midday -Technical-

The Dow has dropped further on a percentage basis than the S&P and Nasdaq on the dip into midday. Watching supports at the highs of the previous two sessions (10476/10471) and its 200 sma (10451) for a read on the health of the Sep rally (recently hit 10488). A move back through 10315/10325 would help to neutralize the weaker action off the morning peak.

12:29

JPM Dow 30 (DJX) strength & weakness- Financials (AXP, BAC, JPM) continue to pace the leaderboard here @ midday -Technical-

DJX 5 Best % Performers:

JPM, AA, BAC, CSCO, AXP

DJX 5 Worst % Performers:

MCD, UTX, XOM, MRK, VZ

NYSE A/D @ +2.5:1

NYSE TRIN +0.65

12:20

GEL Genesis Energy, L.P. moves to the NYSE; trading to begin on or about 9/15/2010 (22.59 +0.39)

Co announces that it has received authorization to list its limited partner units on the New York Stock Exchange. Co anticipates that trading will begin on or about 9/15/2010 under the symbol "GEL."

12:19

SPY Additional downticks off morning highs for stock indices Dow +48 has pulled back nearly 60 points -- S&P +8.8, Nasdaq +31 -Update- -Technical-

12:13

TECHX 10-Yr Treasury Yield -TNX- pulls back after stalling near its 50 sma/ema again -Update- -Technical-

(Click for daily chart of the TNX).

12:05

European Markets Closing Prices

European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: +1.2% Germany's DAX: +0.8% France's CAC: +1.1% Spain's IBEX: +0.7% Portugal's PSI: +1.3%

12:03

GPRC Guanwei Recycling reported that it is confident full year production and sales of recycled LDPE in 2010 will reach or exceed 40,000 to 42,000 tons (3.29 +0.09)

Co reported that it is confident full year production and sales of recycled LDPE in 2010 will reach or exceed 40,000 to 42,000 tons. This is primarily based on the Company's secure supply of raw material and anticipated continuing sales gains in the second half of 2010 propelled by strong demand for the Company's recycled LDPE. This would reflect an ~28-35% increase over the 31,149 tons of self-manufactured recycled LDPE sold by the Company in 2009.

12:02

FTNT Fortinet earns U.S. federal government certifications (25.50 +0.99)

Co's FortiOS operating system and FortiMail messaging security appliances have earned Federal Information Processing Standards 140-2 certifications from the National Institute of Standards and Technology. In addition to these certifications, Fortinet's FortiGate appliances are now listed on the U.S. Department of Defense Unified Capabilities Approved Product List (UC APL), approving them for use by all DoD agencies.

11:47

TECHX Relative sector weakness as indices slip back off morning highs -Update- -Technical-

Sectors that are weighing during the slide off the high include early upside leadership (Reg Bank KRE, Finance XLF), Oil Service OIH, Transports IYT, REITs IYR. Sectors that have held up better thus far on a relative basis vs. the S&P are generally in technology (XLF, Disk Drive, Networking, Computer-Hardware, Semi SMH).

11:47

ALB Albemarle builds in South Korea to meet regional growth in metallocene polyolefin market and high brightness LEDs (41.99 +1.09)

Co announces that it has begun its largest capital investment in Yeosu, South Korea. The Yeosu site contains existing R&D as well as pilot plant equipment that will be modified to enable customer qualification efforts in 2010. The site will effectively mirror Albemarle's world scale metallocene polyolefin catalyst and Trimethyl Gallium capabilities located in Baton Rouge, Louisiana. Albemarle will build on its leading supply and technology position in metallocene catalysts by leveraging its breakthrough ActivCat technology for polyolefin production. The company will also leverage its 50+ years of production experience in metal organics to supply High Purity Metal Organics such as TMG to the High Brightness LED market.

11:43

IVN Ivanhoe Mines announced that it has converted Rio Tinto's (RTP) maturing $350 mln convertible credit facility into ~40.1 mln common shares of Ivanhoe Mines (18.67 +0.67)

Co announced that Ivanhoe Mines has converted Rio Tinto's maturing $350 million convertible credit facility, plus accrued interest of $50.8 million, into approximately 40.1 million common shares of Ivanhoe Mines, increasing Rio Tinto's ownership in Ivanhoe Mines from 29.6-34.9%.

11:39

SPY Stock indices slip back modestly off morning highs with the tech dominated Nasdaq +36 holding up better thus far -- Dow +74, S&P +11 -Update- -Technical-

11:28

GYRO Gyrodyne of America announces State of New York Files notice of appeal in condemnation case (79.90 -1.40)

Co announced that the State of New York on September 7, 2010 filed a Notice of Appeal to the Appellate Division of the Supreme Court, Second Department, from the judgment of the Court of Claims entered in favor of Gyrodyne for $125 million plus statutory interest through the date of payment. Under the Rules of Procedure of the Appellate Division, Second Department, an appellant is allowed up to 6 months from the date of its notice of appeal to perfect the appeal and file its brief. Gyrodyne brought this claim in April 2006 for just compensation for the 245.5 acres of its Flowerfield property in St. James and Stony Brook, New York, taken by the State. The State had paid Gyrodyne $26,315,000 for the Property at the time of the taking, which Gyrodyne elected, under the eminent domain law, to treat as an advance payment while it pursued its claim. Gyrodyne has submitted an application to the Court of Claims seeking reimbursement of attorneys' fees and costs in the amount of $1,474,191.18. The amount of a final award and the timing of payment are still unknown at this time. Gyrodyne intends to continue pursuing its rights vigorously, seeking payment in accordance with the Court's judgment and any further determinations. (Note that the stock surged 24 points higher on Aug 1 after the co confirmed that the court of claims issued favorable opinion in condemnation litigation)

11:21

TECHX Currencey Chart Watch: Dollar Index sets new low for the month (81.94 -0.74) -Update- -Technical-

The Dollar is underperforming the Euro and Japanese Yen today with the Dollar Index sliding to a new low for the month at 81.87. The next supports of interest are at the 50% retracement Aug rally at 81.82 with the 200 sma at 81.55 -- Click for chart.

11:21

GILD Gilead Sciences reports its single-tablet "Quad" HIV regimen maintains high viral suppression through 48 weeks in phase ii study (34.50 +0.11)

co announces Phase II clinical trial results showing that its investigational fixed-dose, single-tablet "Quad" regimen of elvitegravir, cobicistat and Truvada for the treatment of HIV infection maintained a high rate of virologic suppression through 48 weeks, exhibiting antiretroviral activity comparable to that of Atripla. At week 48, the proportion of patients who achieved HIV RNA less than 50 copies/mL was 90% in the Quad arm and 83% in the Atripla arm. Results from a separate study also being presented by Dr. Elion at ICAAC show that cobicistat-boosted atazanavir plus Truvada has similar efficacy and safety to ritonavir-boosted atazanavir plus Truvada at 48 weeks. Changes to estimated glomerular filtration rates observed among patients early in the study remained stable through week 48 and were comparable to the changes observed among patients receiving ritonavir.

11:21

PGNX Progenics Pharm reports its humanized monoclonal antibodies "significantly improve" survival in an animal model of C. difficile-associated disease (4.40 +0.01)

Co presented preclinical findings for its humanized monoclonal antibodies against the disease-causing toxins produced by the bacterium Clostridium difficile (C. difficile). In a well-established hamster model of C. difficile-associated disease (CDAD), treatment with Progenics' antitoxin antibodies resulted in 95% survival versus 0% survival for standard antibiotic treatment. Nineteen of twenty (95%) animals treated with antibodies survived until the end of the 40-day study. In contrast, none of the eight vancomycin-treated animals survived more than 22 days, and none of the eight control (untreated) animals survived more than three days. The survival advantage provided by antibody treatment was highly statistically significant (P<0.0001) relative to both the vancomycin and control groups.

11:03

OTIX Orthodontix: WDH will pay $8.60 for each outstanding share of Otix common stock; Co to disctontinue German operations (4.04 +0.02)

Co announced that it has entered into a definitive merger agreement with William Demant Holding (WDH). Under the merger agreement WDH will pay $8.60 for each outstanding share of Otix common stock. The proposed transaction represents a 112% and 125% premium to Otix's 5-day and 30-day average stock prices, respectively, as of the last trading day before the merger announcement. Co also announced that it has decided to discontinue its operations in Germany as of September 14, 2010. Co stated, "the regulatory obstacles in Germany have dramatically impacted the feasibility of stability of our business and, as a result, we have made the decision to discontinue our operations." (stock is halted)

11:00

RHHBY Roche Hldg receives FDA clearance for U.S. launch of cobas 8000 Modular Analyzer series for high-volume laboratory testing (35.57 +0.30)

Co announced it has received 510(k) clearance from the FDA for the cobas 8000 modular analyzer series, a Serum Work Area solution designed for diagnostic laboratories with a workload of 3-15 million clinical chemistry / immunochemistry tests per year.

10:53

SPY S&P continues to work higher reaches as high as 1123.87 -Update- -Technical-

The next level of interest above if follow through develops is at its four month range closing high from Aug is at 1127 with the Aug and June intraday peaks at 1129/1131.

10:40

DAL Delta Air Lines announces early tender results for offers for pass through certificates and notes (10.75 +0.21)

Co announces that ~$99 mln aggregate current principal amount outstanding of securities subject to its Any and All Offer was validly tendered and not withdrawn prior to 17:00 ET 9/10/2010, the Early Tender Deadline for the previously announced cash tender offer. Delta also announced that ~$359 mln aggregate current principal amount outstanding of securities subject to its Dutch Auction Offer has been validly tendered and not withdrawn as of the Early Tender Deadline.

10:40

KRE Global, sector, & commodity ETF money flows- Financials/Banks (KBE, KRE) lead all sector percentage gainers through the 1st hour of trading; CBOE VIX volatility measurements (VXX, VXZ) off sharply as the SPX posts firm gains -Technical-

Actively Traded Leading Global, Regional, & Domestic Sector ETFs:

regional banks- RKH +3.50%, KRE +3.0%, commercial banks- KBE +3.25%, iShares Taiwan- EWT +3.25%, semis- XSD +2.75%, IGW +2.50%, SMH +2.50%, China 25- FXI +2.75%, steel- SLX +2.75%, iShares Sweden- EWD +2.50%, iShares France- EWQ +2.50%, iShares S Africa- EZA +2.50%, base metals- DBB +2.50%, iShares Italy- EWI +2.50%, iShares Germany- EWG +2.25%, financials- XLF +2.25%, IYF +2.0%, coal- KOL +2.25%

Actively Traded Lagging Global, Regional, & Domestic Sector ETFs:

VIX vol index- VXX -4.0%, VXZ -1.50%, US Dollar index- UUP -1.0%, US Treasuries & fixed income- TLT -0.25%, cocoa- NIB -0.25%

10:33

MSFT Microsoft nearing the morning high at 24.52, the next level of note is at its 50 sma/ema at 24.79/24.81 (24.50 +0.65) -Update- -Technical-

10:32

VRSK Verisk Analytics announes $575 mln revolving-credit facility with extended maturity (27.93 +0.08)

Verisk Analytics (VRSK) announces it has closed an amendment, effective 9/10 to increase its existing revolving-credit facility from $420 mln to $575 mln and extend the maturity to 9/2014. The facility, which is currently undrawn, may be drawn for general corporate purposes.

10:31

JPM JP Morgan Chase pushes back toward its early session high of 41.47 (41.38 +1.62) -Update- -Technical-

It broke above its 200 sma this morning (had capped the upside in early Aug) with the Aug peak coming into play at 41.70.

10:30

ASEI American Science & Engineering receives $4.5 mln follow-on order for upgradable options for the Z Backscatter Van (73.20 +0.80)

10:29

NVDA NASDAQ 100 (NDX) strength & weakness- Semis (NVDA, LRCX) lead all percentage gainers through today's 1st hour of trading -Technical-

NDX 10 Best % Performers:

NVDA, SNDK, LRCX, LOGI, BRCM, LLTC, KLAC, JBHT, NTAL, MRVL

NDX 10 Worst % Performers:

ILMN, MICC, CELG, NIHD, WCRX, GENZ, ADBE, MYL, VOD, SRCL

NASDAQ A/D @ +4:1

NASDAQ TRIN +0.65

10:29

AXP American Express hovering just under its morning high at 41.41 (41.36 +1.17) -Technical-

Noted that its 50 ema (which capped the upside early in the month) is at 41.53 today with the Sep high coming into play above at 41.83.

10:27

JPM Dow 30 (DJX) strength & weakness- Financials (AXP, BAC, JPM) lead all percentage gainers through the 1st hour of trading -Technical-

DJX 5 Best % Performers:

JPM, BAC, AXP, AA, CSCO

DJX 5 Worst % Performers:

XOM, MCD

NYSE A/D @ +3.5:1

NYSE TRIN 0.40

10:17

DLYT Dais Analytic awarded $680,000 in a 1-yr grant from US Department of Energy's ARPA-E (0.32 )

10:14

FTO Frontier Oil testing its Aug peak at 13.54 (13.52 +0.30) -Technical-

10:13

SPY Minor new session highs for stock indices in recent trade -- Dow +95, S&P +12, Nasdaq +33 -Update- -Technical-

10:12

IYR iShares DJ Real Estate pushes to new session high in recent trade of 53.78 (53.73 +0.69) -Technical-

Note that its highs for the last two weeks (and its four month high) are at 53.97/54.04 -- PEI, MAC, AIV, KIM, NVO. PSA, PCL, CPT, EQR, BXP, PLD, SPG.

10:09

TECHX Opening Point Gainers/Losers -Technical-

Point Gainers: ARST (+8.83), PCLN (+7.06), GOOG (+6.09), AAPL (+4.55), OPEN (+4.03), NFLX (+3.17), FFIV (+3.33), AMZN (+2.96), GS (+3.01), FCX (+2.95)

Point Losers: DGW (-9.57), MA (-6.21), DYP (-3.44), AZO (-2.81), SCOK (-1.81), LH (-1.49), V (-1.37)

10:04

SCHL Scholastic Corp acquires Math Solutions to accelerate growth in professional development services and math intervention programs; terms not disclosed (25.90 +0.25)

10:04

KRE KBW Regional Bank ETF gaps up/extends near its 50 ema/sma (22.82 +0.45) -Technical-

Noted early strength in Finance (XLF) as its flirted with its 200 sma. The KRE extended its gap higher start near its 50 ema/sma in recent trade at 22.86/22.91 (session high 22.83) -- BOH, CVBF, FMER, FULT, MBFI, ONB, PACW, SBNY, SIVB, UMPQ.

10:01

KSWS K-Swiss: Active Energy signed deal with K-Swiss to become its exclusive accessory licensee (12.30 +0.13)

10:00

SPY Stock indices pause after opening sprint to second level resistance -- Nasdaq +25, S&P +9.8, Dow +68 -Update- -Technical-

Noted second level resistances in The Technical Take at 2264/2272 Nasdaq (session high 2272), 1120/1122 S&P (session high 1122) and 10540/10552 Dow (session high 10553) and have seen a pause in recent trade develop after the opening sprint.

09:50

XLE Seeing some intraday relative weakness after a firmer start in Energy XLE / OIH in recent trade -Technical-

09:47

SLX Mkt Vctrs Steel Sector ETF gaps higher hovering modestly under its four month high from Aug at 62.85 -- session high 62.62 (62.56 +1.47) -Technical-

ATI, CLF, SID, GGB, NUE, PKX, RS, RTP, GNA, VALE, TX, X.

09:45

CVM CEL-SCI Corp receives approval from North Mississippi Health Services' Institutional Review Board to commence Phase III clinical trial of multikine in head and neck cancer (0.54 +0.04)

Co received approval from the North Mississippi Health Services Institutional Review Board to begin enrollment of subjects for a Phase III clinical trial of Multikine, the Company's flagship immunotherapy developed as a first-line standard of care in treating head and neck cancer.

09:38

XRT SPDR Retail early strength brings its early Sep/six week high into play at 39.31 -- session high 39.29 (39.25 +0.55) -Technical-

DBRN, OMX, SHLD, WFMI, NFLX, AMZN, AAP, ARO, BKS, EXPE, KMX, PCLN, PETM, FDO, GES, CHS, PSS, GPS, JCP, TGT, JCG, PLCE.

09:35

XLF Financial Select Sector SPDR probes its 200 sma at 14.84 -- session high 14.81 (14.80 +0.27) -Technical-

See The Technical Take for chart -- BAC, AXP, BK, GS, JPM, MS, STT, USB, WFC.

09:33

SPY S&P +9.7 gaps above its 200 sma, Nasdaq +22 approaching its 200 sma at 2273 -- Dow +79 -Technical-

09:32

COMDX Crude oil trades to new session highs at $77.71; now higher by $1.21 to $77.66

09:32

VISN VisionChina Media signs MOU for strategic promotional partnership with CCTV (3.80 +0.11)

Co signed a memorandum of understanding with China Central Television to create a strategic promotional partnership that enables VisionChina Media to introduce its outdoor mobile TV advertising network to CCTV's sales and client systems and to conduct joint promotions with CCTV in its annual advertising sales and bidding event throughout the course of the partnership.

09:15

LBTYA Liberty Global announced the authorization to increase its stock repurchase program by an additional $212 million (29.32 )

Co announced the authorization to increase its stock repurchase program by an additional $212 million, which when added to stock repurchases year-to-date through September 10, 2010 of approximately $787 million, would bring the total to approximately $1 billion.

09:05

On the Wires

Dell (DELL) announced it has signed a new contract with BNSF Railwayto provide end-user computing support, fully-integrated service desk support, field services and managed print services throughout the organization. Under the contract, Dell Services will offer highly automated processes and tools to support end-user devices and develop customized process flows for the end-user computing environment...A-Power Energy Generation Systems (APWR) announced a Joint Feasibility Study for a biomass fueled electric generation plant with Lincoln County Nevada. The co and The Board of Lincoln County Commissioners entered into a Memorandum of Agreement to share the cost of evaluating the feasibility of constructing and operating up to a 10 MW electric generating facility to be fueled with biomass derived from landscape enhancement projects to undertaken by the Federal Bureau of Land Management in Lincoln County...The BBVA Group (BBVA) and the National Basketball Association announce a new multiyear marketing partnership that will highlight the bank's financial products and services to the league's broad and passionate fanbase. As part of the partnership, BBVA will serve as the Official Bank of the NBA, the Women's National Basketball Association, and the NBA Development League in the US, Spain and Puerto Rico...Momenta Pharmaceuticals (MNTA) announced that on September 7, 2010 the U.S. Patent and Trademark Office issued U.S. Patent No. 7,790,466, entitled "Evaluating Mixtures of Low Molecular Weight Heparins By Chain Profiles or Chain Mapping".

09:04

SSRI Silver Standard reports Snowfield-Brucejack preliminary assessment; would be operated as an open pit mine with an estimated 27 year mine life (18.50 )

Co reports the results from a National Instrument 43-101-compliant Preliminary Assessment for a project option which examines the benefits of combining the mineral resources from its adjacent and wholly-owned Snowfield and Brucejack Projects located in northern British Columbia, Canada... Based on the Preliminary Assessment, the Snowfield-Brucejack Project would be operated as an open pit mine with an estimated 27 year mine life and life-of-mine waste to mineral material stripping ratios averaging 0.57:1 (Snowfield deposit) and 2.95:1 (Brucejack deposits), with a mill feed rate of 120,000 tonnes per day. Capital expenditures, including $454 mln for contingencies, are estimated to be $3.5 bln. The Snowfield-Brucejack Project has an estimated pre-tax net present value of $2.3 bln (5% discount rate) and an internal rate of return of 12.4%... Average gold production, including gold in copper concentrate, in the first eight years is estimated to be 960,000 ounces annually, and 700,000 ounces annually over the life of the mine.

09:04

CBG CB Richard Ellis announces that the sale of 84,905 shares of common stock by the CEO on Sept 9, 2010 was made pursuant to a previous election to sell sufficient shares to cover payment of withholding taxes due on the vesting of prior grants of restricted stock units (18.24 )

The CEO received no net proceeds from the sale.

09:03

BOSC B.O.S. Better Online Solutions supplying electronic components to several customers in India, based on initial orders of over $400K received in the last few months (2.08 )

09:03

TIXC Tix Corp. retains B. Riley to explore strategic alternatives for its Live Entertainment business segment (0.72 )

Co announces that it is exploring strategic alternatives for its live entertainment business segment which is comprised of two subsidiaries: Magic Arts & Entertainment and NewSpace Entertainment. The co has retained B. Riley & Co. as its financial advisor.

09:02

AWK American Water subsidiary awarded a $4.5 mln contract from Home Properties (HME) to build a wastewater treatment plant (22.60 )

08:59

DYP Duoyuan Printing says Xiqing Diao has been appointed Duoyuan Printing's CEO effective immediately; also announces dismissal of Deloitte Touche Tohmatsu as its independent registered public accounting firm (6.59 )

Co announces that effective immediately, Mr. Xiqing Diao has been appointed Duoyuan Printing's CEO. Ms. Baiyun Sun has been appointed CFO. Immediately subsequent to the Company's termination of Deloitte, Mr. William Suh resigned as Duoyuan Printing's CFO and Mr. Christopher Holbert resigned as Duoyuan Printing's CEO. "The audit committee's decision to change auditing firms was based on its desire to resolve open issues and file our 10-K on a timely basis. We will work closely with our new auditors to address the open issues aired by Deloitte."

08:51

TLR Timberline Resources issues corp update, says short term goals include completion of the programs for both the South Eureka Property and the Butte Highlands JV (1.05 )

Co issued a corporate update including its key messages, objectives and goals, and reported on the status of its current corporate and exploration activities, including the Timberline "new look" program. Short term goals for Timberline include completion of the programs for both the South Eureka Property and the Butte Highlands Joint Venture, the two key mining assets of the Company at this time. Over the longer term, a substantially increased property portfolio, based on acquisition criteria similar to South Eureka, situated in North America, will be the Company's focus, together with increased market awareness and name recognition.

08:50

LPTH LightPath announces that sales of its precision molded aspheres and optical assemblies in China have more than doubled over the past six months compared to the prior six month period (3.20 )

08:49

BWOW Wowjoint Holdings signs $3.5 mln in new sales contracts with Eden Technology (4.00 )

Co announces it has signed 2 sales contracts withEden Technology totaling ~$3.5 mln. The deal involves the supply of two 1000 metric ton lifting capacity special launching girders for the construction of the viaduct in a high-speed railway construction project in South Korea. These girders are expected to be delivered within the next 120-180 days.

08:47

EDGR EDGAR Online names John Connolly interim CEO effective 9/30/10, replacing Philip Moyer, who has resigned, also effective 9/30/10 (0.81 )

08:46

AAPL Apple confirms announced that the Wi-Fi models of its iPad will be available to customers in China on September 17 (263.41 ) -Update-

08:43

CCEL Cryo-Cell International confirms and rejects receipt of unsolicited proposal to acquire co for $1.50 per share (0.90 )

Co confirms that it has received an unsolicited, non-binding proposal from a private equity group to acquire all the outstanding shares of Cryo-Cell for $1.50 per share in cash. The price was 67 percent higher than Cryo-Cell's closing stock price the day the offer was made. "Without exception, each member of the Cryo-Cell board believes that this is not the right time to sell the Company..."

08:42

AONE A123 Systems up $0.80 in premarket; co confirms opening of largest lithium ion automotive battery production facility in North America (7.36 )

The new plant in Livonia, Mich. is expected to expand A123's manufacturing capabilities by up to 600MW hours per year when fully operational, contributing to the company's plan to expand global final cell assembly capacity to more than 760MW hours annually by the end of 2011.

08:39

FLL Full House Resorts to acquire Grand Victoria Casino & Resort in Rising Sun, Indiana, for $43 mln, exclusive of est cash and net working capital balance of $8 mln (3.22 )

Co anticipates applying ~$20 mln of cash on hand to the purchase price and funding the balance with debt financing.

08:38

On the Wires

Excel Maritime Carriers (EXM) announced that it has entered into a time charter agreement for the 1997 built Panamax bulk carrier, M/V Fearless I, with a carrying capacity of 73,427 dwt. The charter is for a minimum period of 12 months to a maximum period of 14 months at the gross daily rate of $24,650 with a first class European charterer...Genco Shipping & Trading Limited (GNK) announced that it has reached an agreement to enter into a time charter for the Genco Loire, a 2009-built Supramax vessel, with Oldendorff GMBH and Co. for approximately 11 to 13.5 months at a rate of $20,250 per day, less a 5% third party brokerage commission...Medidata Solutions (MDSO) announces that Orion has extended its use of Medidata Rave as its enterprise-wide electronic data capture and clinical data management system, which Orion successfully brought in-house and deployed for all clinical trials for the past three and a half years...AudioCodes (AUDC) announced that Vonage Holdings (VG) is using its mobile voice technology to support the deployment of compelling new mobile applications...DCT Industrial Trust (DCT) announced it has acquired a well-located and fully leased bulk distribution facility comprised of two buildings in Baltimore, Maryland totaling over 323,000 square feet. The acquisition price is $13.8 mln.

08:33

CHDN Churchill Downs to acquire Harlow's Casino Resort & Hotel in a transaction valued at approximately $138 mln; expected to be accretive in the 12 months immediately following closing of the transaction in the amount of $0.27-$0.31/share (35.37 )

08:32

APAC APAC Cust Svc names Kevin Keleghan President and CEO (5.18 )

Co announces that current board member Kevin Keleghan will succeed Michael Marrow, who stepped down, as President and CEO, effective 9/13/10. Keleghan will continue to serve on APAC's board of directors. Additionally, Arthur DiBari will return to his post as COO.

08:32

CE Celanese will increase the price of acetate flake and acetate tow for core grade items by 7-10% effective 1/1/2011 (29.00 )

08:31

FORM FormFactor is ceasing its transition of manufacturing operations to Singapore (7.43 )

Co announced it is ceasing its transition of manufacturing operations to Singapore. The company's decision will result in a reduction in force of approximately 70 employees at its Singapore facility. The decision does not impact the company's other Singapore activities, including its Design Engineering and Design Technology groups or its Finance Service Center, although certain of the local internal company support functions will be resized in light of the manufacturing decision.

08:19

EEP Enbridge Energy updates Romeoville, IL leak clean-up (54.25 )

Co confirms it had completed the drain up of the remaining oil in the isolated pipeline segment on Line 6A in Romeoville, IL, having previously contained the leak. Co estimates that 6,100 barrels of crude oil were released. Only a small portion of that amount escaped from the immediate area of the leak before Enbridge crews began vacuuming the oil. Virtually all of the oil, approximately 6,050 barrels, has already been recovered.

08:17

On the Wires

Monsanto Company (MON) and AgraQuest have entered into a collaboration to evaluate the potential use of AgraQuest's pipeline of biopesticide leads to develop seed treatments for Monsanto's core crops and vegetables...Sonoco (SON) has agreed to handle European packaging requirements for Henkel's consumer adhesive products from Sonoco's service center in Wroclaw, Poland...Veraz Networks (VRAZ) announced that based upon the receipt of preliminary proxies, Veraz believes that it has sufficient votes to approve its proposed merger with Dialogic Corporation...DivX (DIVX) and TechniSat Digital GmbH announced an agreement to bring DivX technology to TechniSat digital set-top-box devices, as well as digital televisions, for the German retail market...Acacia Research Corporation (ACTG) announced today that its Software Restore Solutions, LLC subsidiary has entered into a license agreement with International Business Machines (IBM) regarding patents relating to automatic repair functionality for software applications. The license agreement resolves litigation that was pending in the Northern District of Illinois... Theravance (THRX) announced that data from the RELOVAIR program will be presented by GlaxoSmithKline (GSK) at the European Respiratory Society Annual Congress...A123 Systems (AONE) announced the grand opening of the largest lithium ion automotive battery production facility in North America...Nokia (NOK) announced that Anssi Vanjoki, Executive Vice President has given notice of resignation from Nokia. Vanjoki, who currently heads Nokia's Mobile Solutions unit, has six months notice period and he will continue in his current tasks for the time being... Ericsson (ERIC), DNA will make the HDTV experience available for 60 percent of all Finnish digital terrestrial TV households by 2011.

08:13

SNTA Synta Pharma announces expansion of phase 2 trial for STA-9090 in non-small cell lung cancer (3.17 )

Co announced that it was expanding its Phase 2 clinical trial of STA-9090 in patients with Stage IIIB and Stage IV non-small cell lung cancer from up to 69 patients to up to 146 patients based on encouraging activity observed in the first stage of the two stage clinical trial. STA-9090 is a potent, second-generation, small-molecule Hsp90 inhibitor, with a chemical structure unrelated to the first-generation, ansamycin family of Hsp90 inhibitors.

08:08

AON Aon and CEO Russell P. Fradin agree on key financial terms of 5-yr employment agreement (37.77 )

1) Fardin will serve will serve as Chairman and CEO of Aon Hewitt reporting to Greg Case, President and CEO of Aon; 2) The term of the employment agreement will be for five years from closing of the merger; 3) Fradin has agreed to take a substantial portion of his change in control compensation in Aon restricted stock units that will be distributed only when he ceases to be employed by Aon; 4) Fradin has also agreed to retain all future granted equity compensation awards (net of any amounts necessary to pay taxes and exercise prices) until he ceases to be employed by Aon.

08:06

RDN Radian Group releases delinquency data: ending primary delinquent inventory of 137,374 for 7/10 and 131,093 for 8/10 (7.60 )

08:06

CMFO China Marine Food announced $2.5 million of Hi-Power beverage sales for the month ended August 31, 2010 (3.20 )

08:05

SGMS Scientific Games says the Illinois Gaming Board has terminated its contract and committed to promptly rebid the contract (10.06 )

Co announces that following a protest by an unsuccessful bidder for the contract, the IGB informed SGMS that in evaluating the price portion of the contract proposals, it made miscalculations, due, in part, to the fact that the bid instructions resulted in both the IGB and applicants making assumptions that were not uniform. Based upon these factors, the IGB has terminated Scientific Games' contract and committed to promptly rebid the contract.

08:04

MRNA MDRNA reported results from in vivo studies in rodent cancer models focused on effective delivery of a microRNA mimetic using its Di-Alkylated Amino Acid delivery system (2.70 )

Co reported results from in vivo studies in rodent cancer models focused on effective delivery of a microRNA mimetic using Marina Biotech's proprietary Di-Alkylated Amino Acid delivery system. Organ and tumor distribution studies demonstrated up to a 100-fold increase in miRNA copies per tumor cell as compared to baseline levels. Similar increases in the miRNA levels were noted in liver, lung, and heart after systemic administration of the mimetic formulated in DiLA2-based liposomes. Moreover, delivery of the miRNA mimetic in DiLA2 liposomes demonstrated approximately 60% knockdown of mRNA for two genes whose down-regulation is the intended target of the miRNA mimetic.

08:04

MF MF Global announced that Bradley Abelow has been named global Chief Operating Officer, effective immediately (7.31 )

08:03

MA MasterCard appointed Betty DeVita, president, MasterCard Canada (198.14 )

DeVita has been Chairman and CEO of Citibank Canada for the past three years.

08:02

CGA China Green Agriculture says "a number of bloggers believed to be short sellers or affiliated with short sellers have posted incorrect and defamatory reports on the co" (8.55 )

08:02

LM Legg Mason reports Aug AUM of $656.3 mln vs $659.3 mln in July (28.53 )

08:01

ENTR Entropic Comms raises Q3 rev guidance above consensus; issues preliminary Q3 EPS guidance above consensus (8.60 )

Co issues upside guidance for Q3 (Sep), sees EPS of $0.16-0.18, excluding non-recurring items, vs. $0.13 Thomson Reuters consensus; raises Q3 (Sep) rev guidance to $60-61 mln from $51-53 mln vs. $51.92 mln Thomson Reuters consensus. "Through impressive execution by our operations team and supply chain partners, we were able to capitalize on upside demand from our customers in the quarter. We are seeing continued market expansion with new product ramps at many tier-1 Pay-TV service providers, which is driving increased demand for our home networking and direct broadcast satellite solutions."

08:01GWW WW Grainger reports Aug Daily sales +20% YoY. (114.73 )

Co announces sales results for the month of August 2010. Daily sales increased 20% vs Aug 2009. Results for the month included a 5 percentage point contribution from acquisitions and a 1 percentage point contribution from foreign exchange.

08:00

On the Wires

ARIAD Pharmaceuticals (ARIA) announced the initiation of the pivotal Phase 2 clinical trial of its investigational pan-BCR-ABL inhibitor, ponatinib, in patients with resistant or intolerant chronic myeloid leukemia and Philadelphia positive acute lymphoblastic leukemia...TiVo Inc. (TIVO) and Samsung Electronics Co announces they have teamed to develop an advanced, TiVo-ready, high definition PVR set-top box for digital video broadcasting operators...AirMedia Group (AMCN) signed a memorandum of strategic co-operation with China Central Television to have a joint promotion during the period of the annual CCTV Prime Time Advertising Auction.

07:56

APC Anadarko Petro announces successful Owo-1 Sidetrack (52.91 )

Co announces that the Owo-1 sidetrack well offshore Ghana encountered an additional 115 net feet of pay, which includes 52 net feet of high-quality oil pay that appears to be in pressure communication with the Owo-1 discovery well. "As part of our active exploration and appraisal drilling program across our more than 7 mln gross acres in the trend, we are mobilizing the Deepwater Millennium drillship from Brazil and expect to spud our second exploration well offshore Sierra Leone in Q3."

07:55

TISA Top Image Systems eFLOW platform has been chosen by a leading global Business Process Outsourcing provider; project is valued at over $900,000. (0.82 )

07:52

NTSC Nat'l Technical Systems reports 2Q11 EPS of $0.10 vs $0.09 in 2Q10; revs +20% YoY to $34.5 mln (no ests) (7.58 )

07:46

BEAV BE Aerospace commenced offering of $500 million of its senior notes (30.78 )

Co intends to use the net proceeds of the offering to fund acquisitions of businesses operating within, or complementary to, its commercial aircraft and consumables management segments. BEAV is currently exploring or participating in discussions with third parties regarding a number of possible acquisitions; however, it presently has no definitive agreements related to any acquisitions.

07:34

MNRO Monro Muffler narrowed its Q2 financial guidance to the high end of its previously expected range (41.09 )

Co updates guidance for Q2 (Sep), sees EPS of $0.60-0.62, which is at the high-end of previously anticipated range of $0.58 to $0.62, vs. $0.61 Thomson Reuters consensus. Co now anticipates Q2 comparable store sales growth in the range of 6.0% to 6.5%, which is at the high end of previously anticipated range of 4.5% to 6.5%.

07:32

GERN Geron enters license agreement with the University of Edinburgh; enters into a collaboration with University Campus Suffolk (5.21 )

Co announced that it has entered into a worldwide, exclusive license agreement with the University of Edinburgh covering technology that allows the efficient production of chondrocytes from human pluripotent stem cells. The license gives Geron exclusive rights to the technology for therapeutic applications, and will enhance Geron's program to develop cell replacement therapies for orthopedic indications such as osteoarthritis, a disease affecting 27 million people in the U.S. Financial terms of the license agreement were not disclosed. Co also announced that it has entered into a collaboration with University Campus Suffolk (UCS) in the U.K. to develop human embryonic stem cell-derived chondrocytes for the treatment of cartilage damage and joint disease.

07:31

IMAX IMAX and ODEON & UCI Cinemas Group to install four IMAX digital theatre systems in the United Kingdom (14.73 )

The co and ODEON & UCI Cinemas Group announced an agreement to install four IMAX digital theatre systems in the United Kingdom. Under the terms of the agreement, IMAX's digital projection system will be installed in ODEON locations in Glasgow, Norwich, Kingston and Uxbridge.

07:31

NOV Natl Oilwell Varco to acquire Advanced Production and Loading PLC for $500 mln in cash. (41.10 )

07:31

ARST ArcSight confirms it will be acquired by HP (HPQ) for $43.50 per share, or an enterprise value of $1.5 bln (35.10 ) -Update-

HP (HPQ) and ARST confirm that they have signed a definitive agreement for HP to acquire ARST for $43.50 per share, or an enterprise value of $1.5 bln. The acquisition will be conducted by means of a cash tender offer for all of ArcSight's outstanding shares of common stock. The closing of the acquisition is expected to occur by the end of the calendar year.

07:30

ECOL American Ecology Corp. to acquire Stablex Hazardous Waste Facility for CAD80 mln; on track for FY guidance (13.20 )

Co announces that it has entered into a definitive share purchase agreement to acquire Stablex CAD80 mln cash. The transaction is expected to close on 10/31/10. While the acquisition is expected to contribute solidly to earnings in 2011 and beyond, the co expects to recognize non-recurring transaction and transition costs associated with the acquisition of ~$0.07 per fully diluted share in 2010. Excluding these non-recurring transaction costs, the co remains on track to report full year earnings of between $0.57-0.67 per diluted share, unchanged from previous 2010 guidance.

07:28

LRN K12 beats by $0.04, reports revs in-line (23.90 )

Reports Q4 (Jun) loss of $0.04 per share, $0.04 better than the Thomson Reuters consensus of ($0.08); revenues rose 22.3% year/year to $88.3 mln vs the $88.9 mln consensus. Average enrollments for the fourth quarter of FY2010 were 63,508, an increase of 20.8% YoY. "we are well positioned to consider additional mergers, acquisitions, joint ventures and strategic initiatives that complement the vision of our board." Co will provide FY11 guidance with 1Q11 results when enrollment season is completed.

07:20

BEXP Brigham Exploration announces $250 mln offering of senior notes due 2018 (16.94 )

Co announced that it has launched an offering for $250 mln of senior notes due 2018. Brigham intends to use the net proceeds from the Senior Notes offering to purchase up to $160 mln principal amount of its existing 9 5/8% senior notes due 2014.

07:10

On the Wires

RTI Biologics (RTIX) and Athersys (ATHX) announced an agreement under which Athersys will provide RTI access to its multipotent adult progenitor cell technologies...Incyte Corporation (INCY) announces that it has reached agreement with the FDA regarding a Special Protocol Assessment for the design of a pivotal Phase III trial for its JAK1 and JAK2 inhibitor, INCB18424 in patients with polycythemia vera. Two Phase III trials of INCB18424 in myelofibrosis, also an MPN, COMFORT-I and COMFORT-II, are already fully enrolled and are expected to be completed later this year. ..USA Technologies (USAT) announced that for August 2010 co hit small-ticket, wireless transactions of $8.3 mln. The annualized run rate of ~$100 million, an increase of 72% versus August 2009, through its ePort cashless payment systems for vending machines, kiosks and other unattended point-of-sale terminals. Total transactions processed in August 2010 were 4.6 mln, an increase of 98% over total transactions processed in August 2009...XenoPort (XNPT) announces that it plans to move arbaclofen placarbil, also known as XP19986, into Phase 3 development as a potential treatment of spasticity in multiple sclerosis patients. Following discussions with the FDA, XenoPort intends to conduct a single placebo-controlled Phase 3 efficacy clinical trial and an open-label, long-term, safety study of AP in patients with MS...Owens Corning (OC) announces decision to divest its fiberglass reinforcements plant in Capivari, Brazil. Co has determined that divestiture of the Capivari facility at this time will facilitate long term planning given the uncertainty of the resolution of co's ongoing negotiations with the Brazilian competition authority regarding the Capivari site.

07:10

HUN Huntsman to offer up to $350 mln senior subordinated notes due 2021 through subsidiary, Huntsman International; proceeds to repurchase or redeem certain outstanding senior subordinated notes (9.48 )

Co also announced that its wholly-owned subsidiary Huntsman International has commenced a fixed price cash tender offer to purchase up to $165 million aggregate principal amount of its 7 7/8% Senior Subordinated Notes due 2014.

07:08

DRCO Dynamics Research awarded new task order with Walter Reed Army Medical Center with estimated value of $18 mln, began on Sept 1, 2010 and has a period of performance of 16 months if all options are exercised (9.90 )

07:05

AAN Aaron's announces share reclassification proposal to convert all common shares to voting shares (16.60 )

Co approved, and is recommending to shareholders for approval, the conversion of its non-voting Common Stock into voting Class A Common Stock on a one-for-one basis. The transaction is subject to the approval of a majority of the holders of both the Company's Common Stock and Class A Common Stock, each voting as a separate class.

07:05

CYCC Cyclacel Pharma reaches agreement with FDA on a special protocol assessment for pivotal Phase 3 trial of Sapacitabine in AML (1.62 )

Co announced that it has reached agreement with the FDA regarding a Special Protocol Assessment (SPA) on the design of a pivotal Phase 3 trial for the Company's sapacitabine oral capsules. Co stated "We are pleased to receive the SPA Agreement letter from the FDA stating that the design and planned analysis of the pivotal Phase 3 study adequately address the objectives necessary to support the submission of a New Drug Application"

07:04

TWO Two Harbors Investment announces Q3 dividend of $0.39/share, prior dividend $0.33/share (8.82 )

07:01

FRX Forest Labs responds to FDA complete response letter for Roflumilast; No additional patient trials were requested (29.74 )

Co announced that it has filed a response to the FDA addressing topics raised in the complete response letter regarding the New Drug Application (NDA) for roflumilast. Forest licenses roflumilast from Nycomed, which submitted the original NDA. The FDA has acknowledged receipt of the resubmission and considers it a complete, class 2 response to their May 17, 2010 complete response letter which requested certain additional information and analyses of existing data. No additional patient trials were requested. Roflumilast is being reviewed as a potential treatment to reduce chronic obstructive pulmonary disease exacerbations associated with chronic bronchitis in patients at risk for exacerbations. Forest expects a response from the FDA in the first quarter of calendar year 2011.

07:01

SHPGY Shire Plc: FDA updates ProAmatine; did not represent the actual withdrawal of the medication from the market. (69.38 )

Co announces that FDA posted an update on its website related to ProAmatine via its website. Notably, the FDA clarified that its prior announcement related to midodrine "did not represent the actual withdrawal of the medication from the market." Rather, the FDA stated that it "represented a step in the regulatory process."

07:01

PAET PAETEC Holding to acquire Cavalier Telephone for $460 mln (4.15 )

Co announced that it has signed a definitive merger agreement to acquire Cavalier Telephone Corporation in an all-cash $460 million transaction. Co stated "The combined company would have generated approximately $1.950 billion in revenue and $381 million in adjusted EBITDA for the twelve months ended June 30, 2010 on a pro forma basis, including $30 million in expected run-rate synergies in year two and annually thereafter."

07:01

ALN American Lorain announces ~$9.6 mln private placement at $2.80 per share to support chestnut business growth through 2012 (2.86 )

Co announces that it sold 3,440,800 shares of its Common Stock to Tongley Investment and several accredited investors in a private placement transaction, at a price of $2.80 per share for proceeds of ~$9.6 mln, before payment of transaction fees and expenses. The co has agreed to register the shares for resale. The co's use of the newly acquired capital will be allocated to its chestnut business and primarily used in raw chestnut procurement during the current chestnut season; co expects to expand its market share in China in the chestnut sector.

07:00

GTSI GTSI Corp: Eyak Technology announces cash offer of $7.00/Share for GTSI (5.18 )

Eyak Technology announces that it has again made a proposal to GTSI to acquire all of the outstanding capital stock of GTSI at a price of $7.00/share in cash. The proposal represents a premium of 35.1% over GTSI's closing market price on 9/10/10 of $5.18. EyakTek intends to operate co on a standalone basis, in order to preserve and capitalize on its strong brand name and industry recognition.

06:55

S&P futures vs fair value: +10.30. Nasdaq futures vs fair value: +14.50.

06:55

Asian Markets

Nikkei...9321.82...+82.70...+0.90%. Hang Seng...21658.35...+401.00...+1.90%.

06:55

European Markets

FTSE...5560.03...+58.40...+1.10%. DAX...6273.51...+58.60...+0.90%.

06:52

ALGT Allegiant Travel reports August 2010 traffic, updates Capacity guidance (39.02 )

Co announces that Aug rev passenger miles +23.2% YoY, while available seat miles +23.6% YoY. Load factor down 30 bps to 89.9%. Co sees Q4 scheduled ASMs +13-15%. Sees 1Q11 scheduled ASMs +2-5%.

06:48

SGEN Seattle Genetics: phase IIb clinical trial of lintuzumab in older patients with acute myeloid leukemia did not meet its primary endpoint of extending overall survival; co will discontinue its development program for lintuzuma (12.72 )

06:46

CLR Continental Resources announces $350 mln offering of senior unsecured notes due 2021 in a private placement (43.10 )

06:34

TRMB Trimble Navigation acquires Cengea, based in British Columbia, to expand its forestry solutions; terms not disclosed (29.92 )

06:34

VICL Vical: TransVax CMV Vaccine achieves statistical significance on key clinical endpoints in Phase 2 Trial (3.84 )

Co announces vaccine as the first to provide evidence of protection in immunocompromised hematopoietic cell transplant recipients, and defining a potential pathway for further development. The vaccine was well tolerated in the Phase 2 trial in immunocompromised HCT recipients, and no safety concerns were raised during the trial.

06:31

TW Towers Watson announces secondary public offering: certain holders of co's outstanding Class B-1 common stocks are expected to sell ~4.3 mln shares of Class A common stocks (47.48 )

Co will not receive any of the proceeds from the sale of shares, and there will be no dilution of shares currently outstanding.

06:29

EPM Evolution Petroleum misses by $0.01; misses on the top line; reports year-end reserves (5.58 )

Reports Q4 EPS of ($0.02) vs the ($0.01) Thomson Reuters consensus; revs +38% YoY to $1.36 mln vs $1.48 mln consensus. The co's independent reservoir engineers assigned proved reserves of 12.4 mln barrels of oil equivalent (MMBOE), a 306% increase over the prior year. Volumes were 83% oil and 91% total liquids. Proved producing reserves increased 140%, after replacing production, to 1.03 MMBOE and associated PV10 increased by 284% to $29 mln. The increase in proved reserves was primarily due to the first time inclusion of proved reserves at Delhi, the CO2 enhanced oil recovery project operated by Denbury Resources.

06:23

INT World Fuel Svcs announces it intends to offer up to 7,570,000 shares of its common stock (26.42 )

06:18

MGA Magna: Co CEO resigns (79.15 )

Co announces that Siegfried Wolf has resigned as director and co-CEO. Donald Walker will be co's sole CEO.

06:14

RDNT RadNet acquires eRAD, Inc. and assembles radiology software team (2.39 )

Co reported it has executed a definitive agreement to acquire Image Medical Corporation, the parent of eRAD, Inc., for $10.75 million in a combination of cash and promissory notes. RadNet also reported that it has assembled a new software development team, consisting of veterans of the radiology software industry, to complement eRAD's product portfolio.

06:12

LLEN L&L Energy announces management share purchases (8.49 )

Co announces its executive management and directors acquired approx 383,750 shares of L & L common stock between July 1, 2010 and September 8, 2010. The majority of the stock acquisitions were made by the Company's chairman and chief executive officer, Dickson Lee, who exercised warrants to purchase 254,000 shares of L & L common stock during the period. Mr. Lee increased his total holdings of L & L common stock to nearly 7.4 million shares, or 25.2% of the Company's total shares outstanding.

06:11

GENZ Genzyme announces agreement to sell genetic testing business to LabCorp for $925 mln in cash (70.79 )

Co announces it has entered into an asset purchase agreement under which Laboratory Corporation of America Holdings (LH) will acquire Genzyme Genetics for $925 mln in cash. Under the terms of the agreement, LabCorp will purchase the business in its entirety, including all testing services, technology, intellectual property rights, and its nine testing laboratories. LabCorp is committed to offer employment to the unit's approximately 1900 employees upon closing, including senior management. Net of expected income tax benefits, less acquisition-related expenses, the acquisition has a net cash cost to LabCorp of approximately $795 million. LabCorp says "This acquisition will substantially expand our capabilities in reproductive, genetic, hematology-oncology and clinical trials central laboratory testing. The acquisition of Genzyme Genetics provides us with an unprecedented opportunity for revenue growth in our key strategic focus areas of esoteric testing and personalized medicine."

06:08

ASTI Ascent Solar signs distribution agreement with Radiant Holding, of China (2.91 )

Co announces Radiant Holding Limited will begin distribution of Ascent Solar's lightweight, flexible, high-power thin-film CIGS modules for building integrated, automotive and portable power solutions in China. The agreement with Radiant gives Ascent Solar access to multiple market segments in China's emerging solar market including direct integration into Radiant's line of building materials for residential and commercial solutions.

06:06

GRO Agria makes strategic investment in proprietary corn seed co and enters exclusive sales agency agreement (1.42 )

Co announces that it has made a RMB40 mln investment in Wuwei Ganxin Seeds Under the investment agreement, co will receive a 49% equity stake in Ganxin, Co and Ganxin have also entered into an exclusive sales agency agreement, whereby the entire production volume of all current and future varieties of seeds owned or developed by Ganxin will be sold by co, acting as Ganxin's exclusive agent.

06:03

EJ E-House China project pipeline reaches 100 mln Square Meters; announces strategic cooperation with (17.11 )

Co announces that its project pipeline has exceeded a total of ~100 mln square meters, of which more than 30 mln square meters will be available for sale in 2011. Additionally, co announces that it has formed a strategic cooperation agreement with Greentown in which the 2 co's will jointly form a new company that will act as the sales agent for Greentown's projects in China. Co and Greentown will each contribute 50% of the total capital of the new entity, with EJ being the controlling shareholder.

05:58

GSI General Steel steel forms joint venture with Tianjin Materials and Equipment Group (2.59 )

Co announces it has formed a new joint venture with Tianjin Materials and Equipment Group. The contributed capital of JV is ~$2.9 mln of which General Steel will hold a 60% controlling interest.

03:46

INO Inovio Biomed achieves unprecedented T-Cell immune responses in human trial of DNA Vaccine for Cervical Dysplasia and Cancer caused by HPV (1.11 )

Co announces preliminary data from Phase 1 dose escalation study of its DNA vaccine to treat pre-cancerous cervical dysplasias and cervical cancers caused by HPV types 16 and 18. All dose groups developed significant antibody and T-cell immune responses; however, more notably, in the third and final dose group, five of six (83%) patients developed unprecedented T-cell responses not achieved by any other non-replicating vaccine platform in humans. Inovio is planning to start a Phase II clinical study in the 1Q11.

03:26

SNTS Santarus adds two novel biologic drug candidates to pipeline; acquires Covella Pharmaceuticals (2.53 )

Co announces it has signed agreements with Pharming Group for exclusive North American Rights to RHUCIN. Co pays Pharming a $15 mln an upfront fee and an additional $5 mln milestone upon FDA acceptance. Also, co acquires worldwide rights for anti-VLA-1 antibody through acquisition of Covella Pharmaceuticals. Under the terms of the acquisition, co is paying a total in cash and stock of ~$1.8 mln in a combination of upfront consideration, assumption of Covella liabilities, and transaction expenses.

02:42

ALGT Allegiant Travel to increase number of seats on aircraft; additional stock repurchase authority (39.02 )

Co announces it is beginning a project to add 16 seats to its fleet of 150-seat MD-80 series aircraft, bringing the total number of saleable seats to 166 on each of these aircraft. Allegiant expects to invest up to $50 million in capital under this project. Additionally, co approves an expansion of its stock repurchase program, having authorized the repurchase of an additional $50 mln of the co's stock.

02:11

OPTT Ocean Power Tech win two new funding awards totalling $4.8 mln by DOE (5.34 )

02:02

DTG Dollar Thrifty and Hertz agree to $50/share offer (48.01 )

Cos jointly announce an agreement to amend their merger agreement to provide for HTZ to acquire DTG for an increased purchase price of $50.00/share. The revised price represents an increase of $10.80 per share in the cash consideration to be paid to DTG shareholders.

01:56

OXGN OXiGENE: ZYBRESTAT improves overall survival in a Phase 2/3 Trial of patients with Anaplastic Thyroid Cancer (0.27 )

Co announces resulsts of Phase 2/3 study of Zybrestat. Results include: median overall survival of patients receiving ZYBRESTAT + Chemo was 5.1 months, compared with 4.1 months for patients receiving chemotherapy alone. Patients Alive at 1 year more than doubled with ZYBRESTAT + Chemo compared with chemotherapy alone (23% Vs. 9%). Almost 1/2 of patients treated with ZYBRESTAT + Chemo (48%) were alive at six months, compared with 37% treated with chemotherapy alone.

01:42

LLY Eli Lilly: U.S. Court of Appeals reverses third-party payor class certification suit against LLY (35.43 )

Co announces that the U.S. Court of Appeals has agreed with co's position that a class should not have been certified in a pending third-party payor suit, in which unions and insurers alleged that they overpaid for Zyprexa prescriptions.

01:37

OZRK Bank of the Ozarks assumes deposits and purchases assets of Horizon Bank (36.61 )

Co announces it has entered into a purchase and assumption agreement including loss share arrangements with FDIC to purchase all of the assets, all deposits and other liabilities of Horizon Bank of Bradenton, Florida. In this transaction co assumed ~$150 mln in deposits and acquired ~$170 mln in assets including ~$140 mln of loans and ~$6 mln of investment securities. The transaction is expected to be accretive to net income, diluted earnings per common share and book value per common share.

01:30

COGT Cogent: 3M commences tender offer for COGT (10.93 )

3M announces that it has commenced its tender offer for all outstanding shares of COGT at a price of $10.50/share.

01:26

XCO Exco Resources prices senior notes (14.39 )

Co announces that it has priced an underwritten offering of $750.0 mln aggregate principal amount of 7.500% Senior Notes due 2018, which will be issued at 98.530% of par value, resulting in a yield to maturity of 7.750%.

01:25

LRCX Lam Research announces $250 mln share repurchase program (36.24 )

01:23

MTRX Matrix Service to files an extension of time to file its 10-K for FY10 and Q4 earnings release due to recently discovered alleged fraudulent activities (9.31 )

Co announces filing for extension of 10-K filing and delay earnings release scheduled 9/13/10. Co is requesting the extension in order to complete an investigation into recently discovered alleged fraudulent activities by current and former employees in one operating location in the US. The co is currently evaluating the information it has obtained regarding the alleged activities, but believes the overall financial impact will not be material. Co will report on or before Sept 28.

01:19

KRO Kronos Worldwide announces a price increase for all Titanium Dioxide products sold outside of North America and Europe (34.56 )

Co announces that effective 10/1/10 prices for all co's titanium dioxide products sold outside North America and Europe will be increased by a minimum of $200/metric ton.

01:16

IVZ Invesco announces August 31, 2010 AUM (20.09 )

Co announces preliminary month-end assets under management of $573.8 bln, a decrease of 1.1% month over month. Excluding the QQQ's, net long-term flows were positive during the month of August. Weakening foreign currencies against the USD, contributed to a decline in AUM of $2.0 bln as well as an overall decrease in the global financial markets.

01:09

BXC Bluelinx: Cerberus extends cash tender offer for the outstanding shares not owned by its affiliate (3.39 )

Cerberus Capital announces it has extended the expiration date of their cash tender offer of $3.40/share for all of the outstanding publicly held shares of BXC not owned until midnight EST Friday, September 24, 2010.

17:02

WSM Williams-Sonoma authorizes a new $65 mln stock repurchase program (28.89 +0.35)

16:52

LOGM LogMeIn intends to defend patent infringement claims made by 01 communique (31.94 -0.46)

Co issued a statement announcing its intent to vigorously defend the claims of patent infringement made by 01 Communique Laboratory, Inc. The action was filed in the United States District Court for the Eastern District of Virginia on September 8, 2010, and names both LogMeIn and Dell (DELL) as defendants. The complaint seeks damages in an unspecified amount and injunctive relief.

16:42

LIFE Life Technologies: Celsis IVT wins preliminary injunction against Life Technologies and CellzDirect in Liverpool patent infringement lawsuit (46.91 +0.51)

Celsis In Vitro, Inc. (Celsis IVT) announced that the United States District Court for the Northern District of Illinois in Chicago has entered a preliminary injunction against CellzDirect Inc., Invitrogen Corporation, and Life Technologies (the Defendants) due to their infringement of U.S. Patent No. 7,604,929 (the Liverpool patent). Life Technologies of Carlsbad, California (LIFE) is the parent of Invitrogen and CellzDirect.

16:17

MHGC Morgans Hotel Group provides update on the status of the debt secured by Hudson and Mondrian Los Angeles (6.82 -0.04)

Co announced that the forbearance agreements with the lenders which hold the mortgage loans secured by its Hudson and Mondrian Los Angeles hotels have been extended until October 12, 2010. MHGC previously entered into forbearance agreements which effectively extended the maturities of the loans for 60 days until September 12, 2010. This recent extension will allow MHG and the lenders to complete appropriate amendments to further extend the loans.

16:16

STLY Stanley Furniture announces plans for rights offering to stockholders (3.66 +0.06)

Co announced that it filed a registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC") for a rights offering in which stockholders will receive transferable rights to purchase additional shares of Stanley Furniture common stock, par value $0.02 per share.

16:15

CASY Casey's General: Alimentation Couche-Tard sent letter to the Board of Directors of Casey's General Stores (43.51 -0.44) -Update-

Since you have begun the process of exploring a sale transaction involving Casey's, we fully expect that you will afford us the same opportunity to participate in the process... To that end, ALIMENTATION COUCHE-TARD said, "we suggest that you delay the Annual Meeting, currently scheduled to be held on September 23, 2010, for two to three weeks so that you can complete a full and fair sale process and report the results of such process to your shareholders prior to the Annual Meeting. In this manner, your shareholders, the true owners of Casey's, will have the opportunity to decide the future of Casey's for themselves with the benefit of complete information."

16:15

CLR Continental Resources reports 21% increase in proved reserves at mid-year 2010 (43.10 +0.15)

Co announced that its proved reserves increased 21 percent to 310 MMBoe in the first half of 2010, based on its internal evaluation. This compared with the total proved reserves of 257 MMBoe at year-end 2009. The increase in the first half of 2010 primarily resulted from extensive drilling activity in the North Dakota Bakken Shale play.

16:14

EEE Evergreen Energy establishes Thomas H. Stoner Jr. as Chairman and Manuel H. Johnson as Lead Director of the Board (1.45 -0.02)

16:13

CRZO Carrizo Oil & Gas announces closing of Marcellus Shale Joint Venture with a subsidiary of Reliance Industries (RRI) (23.14 +0.37)

Co closed its previously announced joint venture transaction in the Marcellus Shale with a subsidiary of Reliance Industries Limited. Simultaneous with the closing of this transaction, an affiliate of Carrizo's already existing joint venture partner, Avista Capital Partners closed on the sale its entire interest in the same properties to Reliance for ~$327 million. Under the terms of Carrizo's current joint venture agreement with Avista, Carrizo expects to receive ~$44 million in cash from Avista based on the sale of Avista's ~52,200 net acres. The amounts to be received by Avista and Carrizo are subject to adjustment, pending completion of land title work.

16:11

PCX Patriot Coal provides update for Q3: expected volume -10% from earlier est. to 7.5-7.7 mln tons (11.84 +0.54)

Co announces that its 2010 third quarter sales volume is expected to be in the range of 7.5 to 7.7 million tons, down about 10 percent from earlier estimates. The expected shortfall in shipments is similarly split between thermal and metallurgical coal. Lower volume is primarily related to sporadic downtime at the Federal and Panther longwall operations, difficult geological conditions during the quarter at the Wells and Big Mountain complexes and continued heightened regulatory oversight. Based on the largely fixed cost nature of Patriot's mining operations, cost per ton is expected to be higher than anticipated, as costs are allocated to fewer tons. Regarding Federal, on September 8, the mine received an imminent danger order issued by the U.S. Mine Safety and Health Administration relating to a methane level of just over five percent near a gob area of the longwall tailgate entry, causing the longwall to be idled. The Company expects the longwall to return to production early the week of September 13. Black Oak will produce high-quality metallurgical coal with expected annual volume of around 500K tons, reaching full production in the second half of 2011. Additionally, the planned longwall move at the Panther mine is underway, with production expected to resume later this month. Separately, as a result of the recent judgment received by two Patriot subsidiaries with respect to pending selenium lawsuits, the Company expects to record a non-cash charge that will negatively impact net income. Patriot does not expect the charge to impact EBITDA, based on its non-cash nature.

16:06

CACC Credit Acceptance announces extension of $75.0 million revolving warehouse facility (59.81 +0.29)

16:05

WEST Akeena Solar to expand distribution business to CA; co will exit its solar panel installation business in the state, focusing exclusively on its manufacturing and distribution business (0.75 +0.04)

This move will position the company to sell its award-winning Westinghouse Solar Power Systems directly to dealers in California for the first time.

16:01

ERES eResearchTech announces upcoming retirement of Michael McKelvey as CEO (7.52 -0.28)

Co announced that Michael McKelvey will be retiring from his positions as President and Chief Executive Officer and a director of ERT. The Company's Board of Directors has begun a search for a successor. Dr. McKelvey will continue in his current position until a successor is appointed or earlier, based on mutual agreement of Dr. McKelvey and the Board.

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