Glimpse on the Bearish NASDAQ Tech Stocks
Tweet Cisco Systems, Inc. (NASDAQ:CSCO) plunged -1.67% to settle at $18.80. The total traded volume was 54.56 million shares for the day. CSCO stock price moved away from 52 week high with the change of -14.88% while remained 41.96% above from 52 week low price. In past twelve months the return on equity was 13.79%. more »
Score releases September 2011 U.S. online video rankings
Tweet comScore Inc (SCOR) $20.49 +0.55 Co released data from the comScore Video Metrix service showing that 182 million U.S. Internet users watched online video content in September for an average of 19.5 hours per viewer. The total U.S. Internet audience engaged in 39.8 billion video views. Google (GOOG) Sites, driven primarily by video viewing more »
Sara Lee and Grupo Bimbo receive U.S. Department of Justice Approval on North American fresh bakery sale
Tweet Sara Lee Corp. Co. (SLE) $17.63 +0.37 announced that it has reached an agreement with Grupo Bimbo and the U.S. Department of Justice that will allow the parties to complete the sale of Sara Lee’s North American Fresh Bakery business to Grupo Bimbo following approval by a federal judge. The transaction is expected to close on Nov. more »
Sonoco Prices Note Offering and Synaptics Beats the Street
Tweet Sonoco (SON) 29.85 -0.72 announced that it has priced a public offering of $500 million of its senior unsecured notes consisting of $250 million of 4.375% Notes due 2021 and a reopening of its 5.75% Notes due 2040 for $250 million. The offering was made pursuant to an effective shelf registration statement. The new 5.75% more »
Nucor sees Q3 EPS below consensus: NUE, WMGI
Tweet Nucor Corporation (NUE) 34.10 : Co sees Q3 EPS of $0.45-0.55 vs $0.66 Capital IQ Consensus Estimate. “As we expected, our profitability has deteriorated in Q3 compared to Q2 but continues well ahead of 2010 levels. The recent deterioration reflects lower steel prices and metal margins, particularly for sheet mill products, due to new more »
Crimson Exploration announced successful completion of, and initial production on, the Littlepage McBride in Karnes County, TX and the KM Ranch: CXPO, EC
Tweet Crimson Exploration Inc. (CXPO) $2.88 +0.07 : In Karnes County, TX, the Littlepage McBride #2H, targeting the Eagle Ford Shale formation, commenced production at a gross rate of 1,030 Boepd on a 15/64th choke and 2,700 psi of flowing tubing pressure. The well was drilled to a total measured depth of 16,174 feet, including more »
Integra announces agreement to acquire Ascension Orthopedics for ~$65 mln: IART, CSS
Tweet Integra Life Sciences Holdings Corp. (IART) 36.19 : Co announced an agreement for co to acquire Ascension, a provider of high quality, innovative products for the foot, hand and shoulder markets, for ~$65 mln in cash, subject to adjustments. When combined with Integra’s legacy business, the products will represent ~45% of Integra’s Orthopedics revenues. more »
Wonder Auto Tech Nasdaq appeal hearing set for Oct 6; trading will remain suspended pending results of delisting hearing: WATG, NWSA
Tweet Wonder Auto Technology Inc. (WATG) 5.42 : Co received notice that its appeal hearing with respect to Nasdaq’s previously announced decision to delist its common stock from trading has been set for October 6, 2011. In addition, Nasdaq said trading halt will be lifted as of the opening of the market on September 12, however, more »
TransCanada: Final Environmental Impact Statement sees no significant impacts for Keystone project: TRP, CWEI
Tweet TransCanada Corp. (NYSE:TRP) 42.15 -1.11 : The FEIS concluded that ‘The analyses of potential impacts associated with construction and normal operation of the proposed Project suggest that there would be no significant impacts to most resources along the proposed Project corridor’… In the FEIS, seven alternative routes were studied. They included one potential alternative more »
Primero Mining provides a negative revised operational update: PPP, SBGI
Tweet Primero Mining Corp. 3.54 -0.07 : Co announced that as a result of a month long strike and lower than anticipated gold grades it has provided a revised operating outlook for 2011. Primero has revised its production outlook for 2011 to 80,000 to 85,000 ounces of gold and 4.5 to 5.0 mln ounces of more »