Month: August 2011

In what may be considered a defensive move, Google Inc ( GOOG ) agreed to acquire Motorola Mobility Holdings ( MMI ) for $12.5 billion ($40 a share), a 63% premium to its closing price on August 15, when the deal was announced. The deal was the biggest in Google’s 13-year history, with the 136 acquisitions it has made since it went public in 2004 costing the company just $9.1 billion in total. Google has stated that Motorola would continue to be run as a separate unit, with its phones based on the Android OS […]

The TJX Companies Inc . ( TJX ) reported adjusted earnings of 90 cents per share for the second quarter ended July 30, 2011. This surpassed the Zacks Consensus Estimate of 89 cents and increased 23.0% from the prior-year quarter. […]

GlaxoSmithKline ( GSK ) recently presented positive top-line data on its Parkinson’s disease candidate, IPX066, from a phase III study. Results from the ASCEND-Parkinson’s Disease (ASCEND -PD) study showed a 33.5% decrease in "off-time" in the IPX066 arm compared to a 10% decrease in the carbidopa-levodopa plus entacapone (CLE) arm. IPX066 is an extended release (ER) version of carbidopa-levodopa (CD-LD) […]

Regulatory filings by major credit card companies for the month of July showed mixed results in credit card defaults and delinquency rate. On Monday, three of the nation's top six credit card companies reported a decline in card defaults, while four of them recorded reduced delinquency rates. JPMorgan Chase & Co. […]

Dick's Sporting Goods Inc. ( DKS ), a full-line sporting goods retailer, posted strong second quarter 2011 results on the heels of higher sales and improved margins. Quarterly earnings climbed to 52 cents a share from the year-ago level of 43 cents a share and comfortably outpaced its earnings guidance in the range of 47 cents to 49 cents a share. […]

Charles Schwab Corp. ( SCHW ) released its Monthly Activity Report for July 2011, recording an 11% improvement in client activity compared with June 2011 and July 2010. The company’s daily average trades stood at 404,100 during the month under review […]

Wal-Mart Stores Inc. ( WMT ) reported better-than-expected second-quarter 2012 results. The retailing giant reported quarterly earnings of $1.09 per share up by 12.4% over the prior-year earnings of 97 cents a share as well as surpassing the Zacks Consensus estimate by a penny. […]

Evergreen Solar Inc. ( ESLR ) announced that it had voluntarily filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code. […]

Interleukin Genetics Inc. ( ILIU ) reported financial results for the second quarter ending June 30, 2011 on August 12th. The reported numbers were very much in-line with our estimates, with revenue coming in slightly ahead of what we were looking for. […]