Month: July 2011

Mergers & Acquisitions

Braskem Becomes the Leading Polypropylene Producer in North America

July 27, 2011 0

Braskem Becomes the Leading Polypropylene Producer in North America The acquisition of the Dow Chemical Polypropylene Business, including plants in the USA and Europe, expands Braskem’s global industrial footprint PR Newswire SAO PAULO, July 27, 2011 SAO PAULO , July 27, 2011 /PRNewswire/ — Braskem, the leading resin producer in the Americas, announced the acquisition of the Polypropylene Business from The Dow Chemical Company for US$323 million . This transaction represents an important step in Braskem’s growth strategy in the Americas and consolidates its polypropylene leadership in the U.S. […]

Stock Analysts

Hess Lags Estimates, but Grows (COP) (HES) (MRO)

July 27, 2011 0

Integrated oil company Hess Corporation ( HES ) reported second quarter 2011 earnings of $1.78 per share, which was below the Zacks Consensus Estimate of $1.97. The company missed the earnings estimate primarily due to lower production. However, the company improved significantly from its year-earlier earnings of $1.15 because of higher realized prices […]

Stock Analysts

Sunoco Logistics’ Profits Surge (APL) (RGNC) (SXL) (WPZ)

July 27, 2011 0

Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. ( SXL ) announced a jump in its second-quarter 2011 profits, driven by strong contributions from the crude pipeline system and terminals facilities. The partnership’s diluted earnings per unit (“EPU”) came in at $2.40, significantly ahead of the Zacks Consensus Estimate of $1.31 and the year-ago period profit of $1.29 […]

Stock Analysts

Kimco’s Recurring FFO in Line (CBL) (KIM)

July 27, 2011 0

Kimco Realty Corp. ( KIM ), a leading real estate investment trust (REIT), reported second quarter 2011 rental revenues of $219.2 million compared with $208.3 million in the year-earlier quarter – an increase of 5.2%. Total revenues for the reported quarter missed the Zacks Consensus Estimate of $221.0 million […]

Stock Analysts

Sealed Air Beats, Reaffirms Outlook (BMS) (SEE) (SON)

July 27, 2011 0

Sealed Air Corporation ( SEE ) has reported its fiscal 2011 second quarter results posting an EPS of 37 cents, a penny below from the year-earlier quarter. The quarter noted costs related to the proposed acquisition of Diversey of 3 cents per share, which was a one-time item. Excluding this, the adjusted EPS amounted to 40 cents versus 35 cents in the year-ago quarter and above the Zacks Consensus Estimate of 38 cents. […]

New Microbiological and Environmental Monitoring System Cuts Risk for Batch Rejection

July 27, 2011 0

New Microbiological and Environmental Monitoring System Cuts Risk for Batch Rejection VelQuest SmartLab EM Improves Efficiency, Cuts Errors in Aseptic Process Monitoring PR Newswire HOPKINTON, Mass., July 27, 2011 HOPKINTON, Mass. , July 27, 2011 /PRNewswire/ — VelQuest Corporation, world leader in lab execution systems for the pharmaceutical industry, today introduced a new paperless microbiological environmental monitoring system for manufacturers in life science industries. […]

VELUX Five-Star Installer Offers Energy Efficient Product Line

July 27, 2011 0

VELUX Five-Star Installer Offers Energy Efficient Product Line Houseworks Daylighting Solutions Locates In Des Moines Suburb Of Clive PR Newswire FORT MILL, S.C., July 27, 2011 FORT MILL, S.C. , July 27, 2011 /PRNewswire/ — Houseworks Daylighting Solutions, a VELUX Five-Star installer, has opened its first Iowa office in Clive on the outskirts of Des Moines . […]

Mergers & Acquisitions

Rapid Fire Marketing to Announce New Acquisition

July 27, 2011 0

Rapid Fire Marketing to Announce New Acquisition PR Newswire CARSON CITY, Nev., July 27, 2011 CARSON CITY, Nev. , July 27, 2011 /PRNewswire/ — Rapid Fire Marketing (OTC Pink: RFMK) announced today that the Company’s management team has identified a new acquisition in the marketing business and expects to have an Agreement signed by the end of this week. […]

Stock Analysts

MeadWestvaco Beats Rev, Meets EPS (IP) (MWV) (WY)

July 27, 2011 0

MeadWestvaco Corporation ( MWV ) has reported its fiscal 2011 second quarter results reporting an EPS of 51 cents versus 32 cents in the yea-earlier quarter. The quarter noted a one-time restructuring charge amounting to 3 cents, excluding which the adjusted EPS increased to 54 cents from 38 cents in the year-ago quarter, in line with the Zacks Consensus Estimate. Total revenue increased 9% year over year to $1.56 billion in the reported quarter, striding ahead of the Zacks Consensus Estimate of $1.52 billion. […]