Month: May 2011

Steven Ralston, CFA Zacks Initiates Coverage of XZERES Zacks has initiated coverage of XZERES Corp. ( XPWR : OTCBB) with an Outperform rating. […]

The largest PC manufacturer Hewlett-Packard Company ( HPQ ) recently secured a 10-year outsourcing contract worth $380.0 million from Healthways Inc. As per the terms of the agreement, the PC maker will provide applications development solutions and IT management services to Healthways. […]

Pebblebrook Hotel Trust ( PEB ), a lodging real estate investment trust (REIT), has recently acquired the Viceroy Miami hotel in downtown Miami, Florida, for $36.5 million, as part of its continuous acquisition spree to capitalize on improving market fundamentals. The recent transaction marks the thirteenth acquisition by the company with over $1 billion of capital investments since its initial public offering in December 2009. The 148-room Viceroy Miami hotel is an upper upscale full-service hotel strategically located within the ICON Brickell complex along Brickell Avenue – a high-end business district in Miami that has historically performed relatively well during the recession. […]

Recently, specialty retailer Polo Ralph Lauren Corp. ( RL ) announced its financial results for the fourth-quarter 2011. Street analysts had nearly a week to ponder the news […]

CNOOC Ltd. ( CEO ) will divest a 25% stake in its Qatar's Block BC (pre-Khuff) offshore exploration license to TOTAL SA ( TOT ). The transaction will be carried out through a subsidiary, CNOOC Middle East (Qatar) Ltd. […]

Italy’s Fiat SpA ( FIATY ) announced that it will purchase the remaining 6% stake of U.S. government in Chrysler by the end of this year. With this, Fiat’s ownership interest in Chrysler would go up to 57% […]

Sunoco Inc’s ( SUN ) stock price has been on a downswing following the 52-week high of $46.98 reached on April 6, 2011. The oil refiner and marketer has seen its share price fall approximately 15% during this period, as investors have been selling the stock for its weak fundamentals and tepid outlook. The disappointing first quarter results have added to this bearishness […]

Vodafone Group Plc ( VOD ), the largest revenue generating international wireless carrier, reported fiscal 2011 results on May 17. Adjusted earnings per share missed the Zacks Consensus Estimate but improved from the year-ago earnings. Fiscal 2011 Review Since the last downturn, Vodafone has returned to solid organic revenue growth and gained share in the majority of its markets. […]

Jamba Inc. ( JMBA ) continues to innovate its beverage lines and is ready to make good business this the summer season with its latest Fruit Refreshers with coconut water. The new natural hydrating beverage platform was launched in three flavors –– Pineapple, Strawberry Lemonade and Tropical Mango –– and will available in over 700 stores […]

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. ( BHI ) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the tally of land rigs […]