Month: August 2011

We reiterate our Neutral recommendation on American Oriental Bioengineering, Inc. ( AOB ) with a target price of $1.00. […]

Activision Blizzard Inc. ( ATVI ) has released Rezurrection , its fourth downloadable content pack for its most successful franchise Call of Duty: Black Ops . Rezurrection unleashes Zombies in a new “ Moon ” theme with four of the best Zombie levels, namely “Nacht der Untoten”, “Verruckt”, “Shi No Numa” and “Der Riese” […]

The July Durable Goods report came in better than expected this morning, which should lessen some of the anxieties that have been building up due to the recent run of soft regional manufacturing surveys. Recall that the Empire State and Philly Fed surveys last week were in negative territory. The bears may dismiss today’s positive number as old news (it pertains to July) and not reflective of what is in store for the economy […]

Foster Wheeler AG’s ( FWLT ) subsidiary Global Engineering and Construction Group received engineering, procurement and construction management (EPCm) contract from Engen Petroleum Limited (Engen). The services will be employed at Engen’s Durban Refinery in South Africa for its new multi-products pipeline feeder lines and infrastructure project. Contract value for Foster Wheeler is undisclosed and has been included in second-quarter 2011 bookings of the company. […]

DISH Network Corp. ( DISH ), the second largest satellite-TV operator in the U.S., has finally come out with its plan for its newly acquired bankrupt telecom firms. Recently, the company applied for FCC approval to deploy a high-speed wireless broadband network to offer mobile Internet services to its customers. […]

Air Products & Chemicals Inc. ( APD ) announced collaboration with the Sustainable Energy Laboratory of the China University of Geosciences Wuhan to speed up the development of materials for the microelectronics industry. The remarkable success of information and telecommunication technology within the last few decades has been attributed to the phenomenal growth of the microelectronics technology […]

Motorola Solutions Inc. ( MSI ) is further downsizing its wireless broadband infrastructure solutions businesses. Yesterday, the company announced that it has reached an agreement with private equity firm Vector Capital to sale its Point-to-Point (Orthogon) and Point-to-Multipoint (Canopy) wireless infrastructure assets […]