Month: September 2011

DCT Industrial Trust Inc ( DCT ) recently announced that it has leased a 505,000 square foot property named Building 1 at Southern California Logistics Airport (SCLA) in the Inland Empire submarket of Southern California. In May 2011, the company signed a ten-year lease for Building 1, which spans 495,000 square feet with a Fortune 100 manufacturing company. Both the tenants of Building 1 are expected to occupy the building by the fourth quarter of 2011 […]

Health insurer Aetna Inc. ( AET ) has unveiled a plan to buy back an additional $750 million of its common stock over time. This will boost the company’s repurchase authorization to $1.06 billion. […]

The attention now shifts to the third quarter earnings picture. We just have 15, or 3.0% of the S&P 500 firms reporting so far, so it is way too early draw any firm conclusions. […]

We have currently downgraded our long-term recommendation on Campbell Soup Company ( CPB ) to Underperform from Neutral. Campbell is consistently losing its share in the soup category due to the company's recent price hike actions in this category. Competitors have not yet followed Campbell's price hike action. […]

General Dynamics Information Technology, a business unit of General Dynamics Corporation ( GD ), has received a task order worth $14.3 million from TRICARE Management Activity (“TMA”). Per the TRICARE Evaluation, Analysis and Management Support (“TEAMS”) contract, the company will provide program management services to the Defense and Veterans Brain Injury Center (“DVBIC”). DVBIC is the primary traumatic brain injury component of the Defense Centers of Excellence for Psychological Health and Traumatic Brain Injury. […]

After a week’s pause, U.S. regulators were back in action. The sector saw a couple of banks topple in Virginia and California last week […]

Target Corporation . ( TGT ) recently stated that it has completed its earlier announced leasehold transactions with Zellers stores, owned by Hudson's Bay Company. Earlier in January, Target, in its first voyage outside U.S., announced its campaign to expand into Canada by acquiring leases for 220 Zellers stores by paying C$1.825 billion in two equal installments. […]

Both Ford Motor Co. ( F ) and General Motors Co. […]

The U.S. Energy Department's weekly inventory release showed a build-up in natural gas supplies towards the lower end of expectations. However, the increase in storage was still well above the 5-year average rate, as benign fall temperatures continue to restrict the commodity’s demand for power burn amid robust production […]