Month: July 2011

Round Rock Texas-based PC maker Dell Inc. ( DELL ) recently confirmed an information technology (IT) support deal with Hyatt Corp., an affiliate of Hyatt Hotels Corp. ( H ) […]

We maintain our Neutral recommendation on Legg Mason Inc. ( LM ) based on strong fourth-quarter results. However, Legg Mason experienced a decline in its assets under management (AUM) in May on a sequential basis. […]

Recently, Medtronic ( MDT ) launched two products to add to the Kyphon Balloon Kyphoplasty procedure (BKP), which is used for treating vertebral compression fractures (VCFs). The products are Kyphon Xpander II Inflatable Bone Tamp (IBT) and the Kyphon Inflation Syringe – the Kyphon Xpander II IBT System. The Kyphon Xpander II IBT System has been in use since November 2010 […]

The leading consumer brands company Fortune Brands Inc. ( FO ) announced that following the spin-off of its Home & Security business, the separated companies will trade under two different symbols as independent entities on the New York Stock Exchange. Post spin-off, the Fortune Brands Home & Security business is proposed to be traded under the symbol ‘FBHS’ while the spirit business will be rechristened Beam Inc. […]

The Aerospace and Technologies wing of Ball Corporation ( BLL ), Ball Aerospace & Technologies Corp. opened its $14.6 million expanded manufacturing center in Westminster, CO. […]

VeriFone Systems, Inc . ( PAY ) recently completed the acquisition of South African based Destiny Electronic Commerce Ltd. […]

Surgical devices maker Cardica Inc ( CRDC ) has reportedly completed the key internal design verification process necessary for applying the European CE Mark to its Microcutter XPRESS 30 surgical cutting and stapling device. Cardica’s internal verification process is aimed at meeting all regulatory requirements in the U.S. […]

Netherlands-based Vistaprint N.V ( VPRT ) recently announced that its Bermuda-based subsidiary Vistaprint Limited has won the pending patent violation lawsuit against its rival ColorQuick LLC. Patent is an exclusive intellectual property right of the inventor, which prevents others from making, using, selling or distributing the patented invention without permission. […]

We downgrade our recommendation on Superior Industries International, Inc. ( SUP ) to Neutral from Outperform. Based in Van Nuys, California, Superior Industries is one of the world’s largest designers and manufacturers of cast aluminum road wheels for the automotive industry. […]

Electric Transmission Texas, LLC (‘’ETT’’) – a joint venture between the subsidiaries of American Electric Power Company ( AEP ) and MidAmerican Energy Holdings Company – has entered into master agreements with three construction firms for transmission and infrastructure services associated with the Competitive Renewable Energy Zone (‘’CREZ’’) projects. Electric Transmission Texasplans to invest approximately $1.4 billion in CREZ projects by 2013. These projects were assigned to ETT by the Public Utility Commission of Texas (‘’PUCT’’) […]

The South Korean telecom giant SK Telecom Corp Ltd ( SKM ) has joined hands with telecom carriers for the commercial deployment of Long Term Evolution (LTE) services, also known as 4G networks. Given the surge in data traffic demand, the company will launch its LTE services in Seoul. SK Telecom has selected Samsung Electronics, LG-Ericsson and Nokia Siemens Networks as the key equipment suppliers for its 4G LTE network. […]