Month: August 2011

BRE Properties, Inc . ( BRE) , a real estate investment trust, recently acquired Lafayette Highlands, an 8.2-acre property in Lafayette, California for $48.75 million. […]

NVIDIA Corp . ( NVDA ) reported second quarter 2012 adjusted earnings per share of 26 cents, marginally beating the Zacks Consensus Estimate by a penny. Revenues The company reported second quarter 2012 revenue of $1.02 billion, up 5.7% from the previous quarter and 25.4% from the year-ago quarter […]

Wells Fargo Securities, a unit of Wells Fargo & Company ( WFC ) has struck a deal with Citadel Securities as part of its effort to expand its investment banking business. Under the agreement, not only will 25 investment banking professionals and related administrative staff from Citadel Securities join Wells Fargo, but will also bring home related investment banking businesses. The hired team will be led by Brian Maier, who will join as a vice chairman in Wells Fargo Securities’ Client Coverage. […]

To return more value to its shareholders, the board of directors of Badger Meter Inc ( BMI ) has authorized an increase of 14.3% in its quarterly dividend. The increased dividend of 16 cents per share is expected to be paid on September 15 to shareholders of record as on August 31. The company hiked the dividend from 14 cents a share paid on June 15, 2011. […]

Leading medical devices player, Medtronic ( MDT ) recently announced positive data for its InterStim therapy. It was observed that the therapy could improve the quality of life in a majority of patients after three years of follow -up. Earlier, in April 2011, the company had received approval from the US Food and Drug Administration (FDA) for its InterStim therapy for bowel control. […]

Standard & Poor's Ratings Services upgraded the outlook to “positive” from “stable” on Unum Group ( UNM ). The rating agency maintained its "BBB-" counterparty credit rating on the company and its "A-" counterparty credit and financial strength rating on its operating subsidiaries. The upgraded outlook reflects Unum Group’s increased diversification, solid operating performance and statutory capital in excess of regulatory requirement. […]

We maintain our Neutral recommendation on cardiac assist devices maker Abiomed ( ABMD ). The company’s first-quarter fiscal 2012 adjusted loss per share of 11 cents was higher than the Zacks Consensus Estimate of a loss of 5 cents. However, solid sales from its popular Impella cardiac pumps helped Abiomed narrow its losses in the quarter. […]

Benihana Inc. ( BNHN ) announced the appointment of David Flanery, as its new chief financial officer (CFO), effective immediately. […]

Six more countries will enjoy sipping instant coffee by next September – offered in single serving packets named ‘Via’ by Starbucks Corp. ( SBUX ). Starbucks stores in South Korea, Indonesia, Malaysia, Singapore, Thailand and Australia will now offer Starbucks VIA Ready Brew […]

BJ’s Wholesale Club Inc. ( BJ ), a leading warehouse club operator in the United States, is scheduled to report its second-quarter 2011 financial results before the bell on Wednesday, August 17, 2011. The current Zacks Consensus Estimate for the quarter is 76 cents a share […]