Month: August 2011

UDR, Inc. ( UDR ), a leading multifamily real estate investment trust (REIT), has recently completed the acquisition of 21 Chelsea – a 210-unit luxury apartment community in New York City, for $138 million. The purchase price included the assumption of a $31 million first mortgage loan secured by the property, which is scheduled to mature in June 2012 and can be pre-paid at par in December 2011 […]

General Motors Company ( GM ) decided to trim production for pickup trucks over the next 2 months in order to adjust to the slack demand of the sam e on the back of continued weakness in the housing and construction sectors. The automaker has canceled five scheduled overtime shifts on Saturdays in September and October at its Flint, Michigan plant. […]

On Friday, Gentiva Health Services Inc. ( GTIV ) announced its intention to sell its residual 31% share in CareCentrix Holdings Inc. […]

Integrated oil and gas company TOTAL S.A. ( TOT ) announced that its Pazflor field offshore Angola has started to produce ahead of expectations. The company will gradually increase the production from this field to 220 thousands barrels per day over the coming months. […]

Retail giant, Wal-Mart Stores, Inc. ( WMT )’s South African acquisition of Massmart Holdings Ltd., has planned to expand by doubling its market share in food sales. […]

Brown-Forman Corporation ( BF.B ), one of the world's leading producers and distributors of premium alcoholic beverages, is scheduled to report its first-quarter 2012 financial results before the market opens on August 31, 2011. The current Zacks Consensus Estimates for the quarter is earnings of 83 cents a share. For the quarter under review, revenue is expected at $769.0 million, according to the Zacks Consensus Estimate […]

CACI International Inc. ( CACI ) reported earnings of $1.28 per share in the fourth quarter of fiscal 2011, beating the Zacks Consensus Estimate of $1.17. The company noted that the solid results were due to its growth strategy, operational excellence, opportunities provided by developing markets and new contract wins. […]

We reiterate our long-term Neutral recommendation on Big Lots Inc. ( BIG ) with a price target of $34.00 per share. The company operates as a broad line closeout retailer in the United States […]

Pfizer Inc. ( PFE ) recently received a major boost with the US Food and Drug Administration (FDA) granting approval to Xalkori (crizotinib) for the treatment of patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) that is anaplastic lymphoma kinase (ALK)-positive, as detected by an FDA-approved test. […]

According to a CNBC report on Friday, Bank of America Corp. ( BAC ) is in the final stage of selling at least half of its stake in China Construction Bank (“CCB”). This is part of BofA’s effort to strengthen its capital position in order to reinstate dividend hike and meet new international capital standards. […]