Month: September 2011

Steven Ralston, CFA XZERES signs largest distributed wind energy dealer in UK Today, XZERES ( XPWR ) announced that a Letter of Intent was signed for an exclusive dealer arrangement with VG Energy, Ltd., the largest distributed wind energy dealer in the U.K. The agreement requires a minimum of $5.0 million in turbines to be purchased from XZERES over the next 15 months in order to maintain the exclusivity in certain areas of the United Kingdom. […]

We have maintained our Neutral recommendation for Diamond Offshore Drilling Inc. ( DO ) given its solid fundamentals and financial disciplines, partially mitigated by stringent regulations as well as the lingering effects of the Gulf of Mexico (GoM) drill ban and related U.S. policies. […]

Information Technology (IT) giant IBM Corp. ( IBM ) recently opened a new branch office at Luanda, Angola. This follows the branch openings at Dar es Salaam, Tanzania and Dakar, Senegal, in the first half of 2011. […]

Agnico-Eagle Mines Ltd. ( AEM ) agreed to acquire Grayd Resource Corporation (Grayd) in a deal valued at approximately US$275 million, giving the Canadian gold producer an early stage project in Mexico. Agnico-Eagle will offer Grayd shareholders a combination of cash and shares valued at US$2.80 per Grayd share. […]

Raytheon Company ( RTN ) has installed the first Advanced Extremely High Frequency (“AEHF”) Secure Mobile Anti-jam Reliable Tactical Terminal (“SMART-T”) satellite communications solution at the U.S. armed services’ tactical units. Raytheon plans to install approximately 364 AEHF SMART-T terminals for the U.S. […]

We are initiating coverage on AstraZeneca ( AZN ) with a Neutral recommendation and a target price of $47.00. AstraZeneca, headquartered in London, UK, is one of the largest biopharmaceutical companies in the world. AstraZeneca’s business can be broken down into separate lines based on therapeutic classes. […]

Virginia-based Computer Sciences Corp. ( CSC ) announced that it has unveiled a new software-as-a-service (SaaS) platform for its flagship Exceed Billing application. […]

Gilead Sciences Inc. ’s ( GILD ) HIV franchise kept up its string of success with the pipeline HIV combination pill Quad meeting the primary endpoint in a second late stage clinical trial (Study 103). […]

Northrop Grumman Corporation ( NOC ) and BAE Systems Inc. have entered into an exclusive strategic partnership to replace the aging T-38 trainer for the U.S. Air Force’s “T-X” program. […]

Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. ( PNC ), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at a coupon rate of 2.7% and an issue price of $99.879. […]