Month: August 2011

One of the leading wireless carriers, AT&T Inc. ( T ) has planned to shelve its $10.00 text plan for 1,000 text messages. Instead, the company will introduce an unlimited text plan for $20.00 a month. […]

Wet Seal Inc. ( WTSLA ) registered decent second quarter 2011 earnings of 3 cents per share that shot up by 50.0 % from year-ago period. Earnings also exceeded the Zacks Consensus Estimate of 2 cents by 50.0% […]

Citi Capital Advisors, the global alternative asset management platform of Citigroup Inc. ( C ), acquired the collateralized loan obligations (CLOs) business from DiMaio Ahmad Capital LLC. Management responsibilities for the four CLOs acquired include Duane Street CLO I, Ltd., Duane Street CLO II, Ltd., Duane Street CLO III, Ltd., and Duane Street CLO IV, Ltd […]

The Hain Celestial Group Inc. ( HAIN ), which distributes, markets, and sells various natural and organic foods as well as personal care products, will unveil its fourth-quarter 2011 financial results on Tuesday, August 23, 2011. The current Zacks Consensus Estimate for the quarter is 33 cents a share. […]

Hewlett-Packard Co. ( HPQ ) is planning an extensive restructuring, as announced by its chief executive officer (CEO) Leo Apotheker. […]

Oil refiner and marketer Western Refining Inc. ( WNR ) reported mixed second quarter fiscal 2011 results on August 4, reflecting higher gross margins, which were partially offset by weak refinery throughput. Second Quarter Recap The quarter’s earnings of 94 cents per share lagged the Zacks Consensus Estimate of $1.16 due to lower refinery throughput […]

If you are an investor — not a trader or a speculator — this is a very good time to get into the market. The time to buy is when everyone else is despondently selling. Am I saying that we have hit bottom? No. […]

In a telephonic interview with the Bloomberg , the managing director of JPMorgan Chase & Co. ( JPM ) in Johannesburg stated that the company is planning to offer lending as well as treasury and foreign exchange services to its corporate clients in South Africa. JPMorgan already has its presence in South Africa since 1998, when it started providing advice on mergers and acquisitions (M&A) as well as on debt and stock offerings to the institutional clients […]

Perry Ellis International Inc. ( PERY ) posted adjusted earnings per share of 11 cents in the second quarter of fiscal 2012, breezing past the Zacks Consensus Estimate of 4 cents and the year-ago loss of 11 cents. […]

We reiterate our Neutral recommendation on DexCom ( DXCM ), a prominent player in the continuous glucose monitoring market. Second-quarter fiscal 2011 loss per share of 11 cents matched the Zacks Consensus Estimate. Net loss for the quarter narrowed roughly 37% year over year to $7.4 million owing to solid revenue growth. […]

ConocoPhillips ( COP ) announced that its unit in China was granted approval by the State Oceanic Administration (SOA) for the resumption of partial operations in Penglai oilfield, in north east China's Bohai Bay. In June, a subsidiary of the U.S. oil major had experienced an oil spill in the Penglai 19-3 oilfield that caused environmental damage and polluted approximately 840 square kilometers of water […]

Cell Therapeutics Inc. ( CTIC ) recently announced initiation of a mid-stage study (n=60) comparing Cell Therapeutics’ pipeline candidate Opaxio and radiotherapy (RT) to temozolomide (standard of care) and RT in patients with newly diagnosed glioblastoma, a high-grade malignant brain tumor. The study aims to show if the combination of Opaxio and RT can improve progression free survival and overall survival in these patients as compared to temozolomide and RT. […]