Mergers & Acquisitions

Southwest Airlines Closes Acquisition of AirTran Holdings, Inc.

Southwest Airlines Closes Acquisition of AirTran Holdings, Inc. – Airlines will operate separately until receipt of Single Operating Certificate – In the near term, Customers will continue to interact exclusively with their ticketed carrier – AirTran aircraft to be converted to Southwest brand starting in 2012 – Southwest’s Bob Jordan will serve as President of AirTran during integration PR Newswire DALLAS, May 2, 2011 DALLAS , May 2, 2011 /PRNewswire/ — Southwest Airlines (NYSE: LUV) announced today that it has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc. (NYSE: AAI), the former parent company of AirTran Airways (AirTran). […]

Mergers & Acquisitions

Valeant Pharmaceuticals Congratulates Teva and Cephalon on Their Transaction

Valeant Pharmaceuticals Congratulates Teva and Cephalon on Their Transaction Withdraws Consent Solicitation PR Newswire MISSISSAUGA, Ontario, May 2, 2011 MISSISSAUGA, Ontario , May 2, 2011 /PRNewswire/ — Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) today congratulated Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) and Cephalon, Inc […]

Mergers & Acquisitions

Chimera Strategies Announces Quasi-Retail Information Technology Disaster Recovery and Repair Company for Sale

Chimera Strategies Announces Quasi-Retail Information Technology Disaster Recovery and Repair Company for Sale PR Newswire EAST HILLS, N.Y., May 2, 2011 EAST HILLS, N.Y. , May 2, 2011 /PRNewswire/ — Chimera Strategies, a business brokerage firm located in New York , is representing a quasi-retail information technology disaster recovery and repair company for sale. […]

Technicals

KongZhong Enters Oversold Territory – Tale of the Tape (KONG)

KongZhong Corporation ’s ( KONG ) share price has entered into oversold territory with a stochastic value of 18.908. The Zacks Consensus Estimate on the company’s earnings for year ending 2011 increased by a cent over the past month to 48 cents per share. KongZhong Corporation is a Zacks #1 Rank (“Strong Buy”) company. […]

Mergers & Acquisitions

Frost Insurance Acquires Clark Benefit Group in San Antonio

Frost Insurance Acquires Clark Benefit Group in San Antonio PR Newswire SAN ANTONIO, May 2, 2011 SAN ANTONIO , May 2, 2011 /PRNewswire/ — Frost Insurance Agency, Inc., the insurance subsidiary of Frost , today announced it has acquired Clark Benefit Group, an independent San Antonio -based insurance agency that specializes in providing employee benefits to small and mid-size businesses, effective May 1, 2011 . Making the announcement were Bruce Burdett , president of Frost Insurance, and Justin Clark , president of Clark Benefit Group. “Clark Benefit Group will be a great addition to our San Antonio market as we continue to grow and deliver excellent employee benefit services in San Antonio ,” said Burdett […]

Stock Analysts

Loews Lags Estimates (L) (TRV)

Loews Corporation ( L ) reported its first-quarter 2011 adjusted net income of 89 cents per share lagging the Zacks Consensus Estimate of 91 cents. Results were below 97 cents earned in the prior-year quarter. […]

Technicals

ASNA Enters Oversold Territory – Tale of the Tape (ASNA)

Ascena Retail Group Inc ’s ( ASNA ) share price has entered into oversold territory with a stochastic value of 6.888. The Zacks Consensus Estimate on the company’s earnings for year ending July 2011 increased by 7 cents over the past two months to $2.32 per share. Ascena Retail Group Inc is a Zacks #2 Rank (“Buy”) company. […]

Stock Analysts

Earnings Scorecard: Baxter (BAX) (BDX) (TLCR)

Baxter International ( BAX ) reported first quarter adjusted (excluding one-time items) earnings per share of 98 cents, beating the Zacks Consensus Estimates of 93 cents, and surpassing the year-ago results of 93 cents. The results exceeded Baxter’s earlier guidance range of 92 to 94 cents for the first quarter. […]