Score releases September 2011 U.S. online video rankings
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 at more »
Sara Lee and Grupo Bimbo receive U.S. Department of Justice Approval on North American fresh bakery sale
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. 5, more »
5 Tips to Survive Economic Turmoil (part 5/5)
This current economic turmoil brings us to the fifth and final segment of our special report, “5 Tips to Surviving Economic Turmoil.” In this part, we’ll discuss averaging down, and why to be cautious of it. BE WARY OF AVERAGING DOWN Averaging Down means buying more shares of a stock you already own, if the more »
UPS announced plans to significantly expand its European air hub facilities: UPS, TEVA
United Parcel Service (NYSE: UPS) $66.10 -0.09 The expansion project, due to be completed by the end of 2013, would equip the existing facility with additional state-of-the-art technology and would include a major extension to the existing building. This extension would be partially dedicated to processing larger freight shipments. Together, these initiatives will significantly increase more »
Integra announces agreement to acquire Ascension Orthopedics for ~$65 mln: IART, CSS
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. Upon more »
Primero Mining provides a negative revised operational update: PPP, SBGI
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 silver, more »
Comcast’s NBCUniversal announces launch of consent solicitation and offer to guarantee Universal Orlando’s public debt securities: CMCSA, PLG
Comcast Corporation (CMCSA) 21.44 +0.05 : Co announced the launch of a consent solicitation and offer to guarantee that relates to $260 million of 8.875% Senior Notes due November 15, 2015 and $146.25 mln of 10.875% Senior Subordinated Notes due November 15, 2016. Co is offering to fully and unconditionally guarantee the Senior Notes and more »
NuStar Energy and Valero (VLO) agree to South Texas pipeline projects aimed at increasing transportation of Eagle Ford and other crude sources: NS, VLO, TATT
Nustar Energy (NS) 57.69 +0.83 : The co announced today that the company has entered into an agreement with Valero Energy in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils. NuStar will reverse an eight-inch refined products pipeline that more »
Bank of America streamlines management and operations; BAC appointed David Darnell and Tom Montag to the newly-created positions of co-chief operating officers: BAC, ASBC
(BAC) 6.99 -0.26 : BAC CEO Brian Moynihan announced a reorganization of the co’s management that aligns the company’s operating units with its three core customer groups: individuals, companies, and institutional investors. Moynihan appointed David Darnell and Tom Montag to the newly-created positions of co-chief operating officers, accountable for all of the co’s operating units. This more »
Deer Consumer Products announces significant developments in New York Litigation against illegal short sellers; reaffirms guidance: DEER
Deer Consumer Products (NASDAQ: DEER) $4.03 -16.56% announced that Deer is fully aware of the latest desperate short seller attacks on Deer on Sept 6, 2011, including another publication of the same old lies by a fictitious figure “Alfred Little,” including totally fabricated information, false identities, and false allegations against the co. Deer has repeatedly filed more »