Month: August 2011

Recently, Thermo Fisher Scientific ( TMO ) completed the previously announced acquisition of Phadia. In May 2011, the company had decided to acquire Phadia for €2.47 billion (approximately $3.5 billion) in cash from European private equity firm Cinven. Phadia, based in Uppsala, Sweden, is a leading player in allergy and autoimmunity diagnostics. […]

Omnicare Inc. ( OCR ), which sells drugs to long-term care facilities and nursing homes, recently reported that it went public with an offer valued at $457 million for pharmacy management services company, PharMerica Corporation ( PMC ). […]

Big Lots Inc. ( BIG ) recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 52 cents a share came ahead of the Zacks Consensus Estimate of 45 cents, and increased 8.3% from 48 cents earned in the prior-year quarter […]

Yesterday, The Goldman Sachs Group Inc. ( GS ) announced the sale of its 15-year senior unsecured notes with a maturity value of $10 million. These notes have their maturity date on September 1, 2026 and Goldman will start the settlement from September 1, 2011. […]

We are reaffirming our Neutral recommendation on Danaher Corporation ( DHR ). In the most recent quarter, core revenue growth was broad-based across all segments with Test & Measurement up 24.3%, Environment up 5.0%, Life Sciences & Diagnostics up 30.5% and Dental up 17.8%. […]

American Axle and Manufacturing Inc. ( AXL ) announced that it would shut down its Cheektowaga plant in New York as its negotiation with union members regarding the ratification of a new contract failed last month. The company revealed that the union workers rejected the proposal of a 33% cut in pay and benefits […]

We maintain our Neutral rating on Highwoods Properties Inc. ( HIW ), a real estate investment trust (REIT), as we anticipate the company to perform in line with the broader market. The company reported second quarter 2011 FFO (funds from operations) of $45.8 million or 60 cents per share compared with $48.7 million or 64 cents per share in the year-earlier quarter. […]

American Tower Corp. ( AMT ) continues to perform exceptionally well supported by the rise in demand for wireless broadband data services coupled with the company’s global expansion strategy. […]

ConocoPhillips China, a local unit of Houston-based energy giant ConocoPhillips ( COP ), is on the verge of being sued by China’s maritime authority relating to an oil spill in China’s northern Bohai Bay. The State Oceanic Administration, which is to file the lawsuit on behalf of the government, has reported about the oil spill at the Penglai 19-3 oilfield. The enormous spill was first noticed in June, near Platform B and C. […]

Computing major CA Technologies ( CA ) recently collaborated with a leading policy management and access control company HyTrust Inc. for further improving security and compliance for customers leveraging virtualized systems and cloud infrastructures. […]