Month: July 2011

Mergers & Acquisitions

PNC Announces Agreement to Acquire 27 Branches from Flagstar

July 26, 2011 0

PNC Announces Agreement to Acquire 27 Branches from Flagstar Accelerates move into demographically appealing metro Atlanta market PR Newswire PITTSBURGH, July 26, 2011 PITTSBURGH , July 26, 2011 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has signed a definitive agreement to acquire 27 branches in metropolitan Atlanta, Georgia from Flagstar Bank, FSB, a subsidiary of Flagstar Bancorp, Inc. […]

Stock Analysts

Unisys Easily Beats Estimate (UIS)

July 26, 2011 0

Unisys Corporation ( UIS ) reported revenues of $937 million in the second quarter, down 10% from a year-ago. Foreign currency fluctuations had a five percentage-point positive impact on revenue in the quarter. […]

FDA Approval

Nephros Provides Corporate Update

July 26, 2011 0

Nephros Provides Corporate Update PR Newswire RIVER EDGE, N.J., July 26, 2011 RIVER EDGE, N.J. , July 26, 2011 /PRNewswire/ — Nephros, Inc. (OTC Bulletin Board: NEPH), a medical device company developing and marketing filtration products for therapeutic applications, infection control, and water purification, today provided an update on its operations and strategy […]

Mergers & Acquisitions

Federated Investors’ Mutual Fund Acquires Approximately $100 Million in Assets from Tributary Funds

July 26, 2011 0

Federated Investors’ Mutual Fund Acquires Approximately $100 Million in Assets from Tributary Funds — Assets transitioned into Federated International Leaders Fund PR Newswire PITTSBURGH, July 26, 2011 PITTSBURGH , July 26, 2011 /PRNewswire/ — Federated Investors, Inc. (NYSE: FII), one of the nation’s largest investment managers, has reorganized $100.6 million in assets from the Tributary International Equity Fund into the Federated International Leaders Fund, a product with similar investment objectives. The transaction was completed at the close of business Friday, July 22, 2011 . […]

Stock Analysts

Patriot Coal Surpasses Estimates (ICO) (JRCC) (PCX)

July 26, 2011 0

Coal producer Patriot Coal Corporation ( PCX ) posted operating earnings of 13 cents per share for the second quarter, surpassing the Zacks Consensus Estimate of 10 cents. On a GAAP basis, the company reported a net loss of 14 cents as compared to a loss of 15 cents reported in the year-ago quarter. […]

Stock Analysts

National Oilwell Reports Strong 2Q (CAM) (NOV)

July 26, 2011 0

Oilfield services company National Oilwell Varco ( NOV ) reported better-than-expected second quarter results, helped by robust drilling and pressure pumping activity throughout North America, as well as good project execution skills and manufacturing efficiency. Earnings per share (excluding transaction charges) came in at $1.14, comfortably above the Zacks Consensus Estimate of $1.01 and the year-ago adjusted profit of 97 cents. Quarterly revenue rose 19.5% year-over-year – from $2,941.0 million to $3,513.0 million – and was 8.7% above our projection […]

Mergers & Acquisitions

Impark Acquisition by Ontario Teachers’ Pension Plan supports future growth

July 26, 2011 0

Impark Acquisition by Ontario Teachers’ Pension Plan supports future growth PR Newswire VANCOUVER, July 26, 2011 VANCOUVER , July 26, 2011 /PRNewswire/ – Imperial Parking Corporation (“Impark”) announced today the Ontario Teachers’ Pension Plan (Teachers’) has entered into an agreement for the acquisition of Babcock & Brown Gates Parking Investments LLC (BBGPI), which includes Imperial Parking Corporation. Terms of the transaction are not being disclosed. BBGPI, a joint venture between Gates Group Capital Partners, a Cleveland -based private equity firm, and London -based Global Partners Fund, acquired Impark in 2006 […]

Stock Analysts

Waters Underperforms Estimate (A) (LIFE) (TMO) (WAT)

July 26, 2011 0

Waters Corporation ( WAT ) released its second-quarter 2011 earnings before the market opened today, reporting earnings per share from continuing operation of $1.07, below the Zacks Consensus Estimate of $1.14. Earnings in the quarter increased from 90 cents in the second quarter of 2010. […]