Month: September 2011

Statoil ASA ( STO ) has contracted Norway’s engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million). Per the agreement, Aibel is responsible for engineering, procurement, onshore and integrated offshore construction as well as completion of two new pre-compressors on the same field […]

GOL Linhas Aereas Inteligentes S.A. ( GOL ), recently reported passenger traffic for the month of August 2011 in comparison with the year-ago quarter and the previous quarter. The company experienced a 10.5% year-over-year increase in demand on its total route network […]

ConAgra Foods Inc. ( CAG ) has reported first quarter of fiscal 2012 results, with diluted EPS (from continuing operations) of $0.20 compared with $0.32 in the year-ago quarter. This decline of 38% reflects negative impact of short-term changes in the wheat market affecting the company’s Commercial Foods segment and the inflationary pressures in the Consumer Foods segment.The results missed the Zacks Consensus Estimate of $0.31 per share. […]

AutoZone Inc. ( AZO ) posted a 12.1% increase in profit to $301.5 million in the fourth quarter of its fiscal year ended August 27, 2011 from $268.9 million in the year-ago quarter. […]

Ian T. Gilson, CFA S&W Seed Co. […]

Ian T. Gilson, CFA OriginOil Update: The ticker symbol has changed back to OOIL .OB on September 19, 2011 Delegates to the recent Algae World Australia toured the James Cook University technology test site operated by MBD Energy and, after the conference ended, visited the demonstration site for the flue gas capture and large scale use of the OriginOil's oil extraction technology. […]

Sprint Nextel Corp. ( S ) has introduced Google ( GOOG ) Wallet, a mobile payment service on its Samsung Nexus S 4G smartphones. Notably, Sprint is first U.S. […]

Leading dental laser maker BIOLASE Technology ( BLTI ) has secured a new patent from the U.S. Patent and Trademark Office for cleaning and disinfecting root canals, a dental procedure for r emoving the entire internal part of the tooth and filing the cavity with bio-compatible material. Root canal therapy, a form of endodontic surgery, is performed when the entire internal parts (mainly the pulp chamber and its contents) are infected or decayed primarily due to microbial invasion. […]

Netflix Inc. ( NFLX ) recently announced that the company is in the process of splitting its business into two separate entities. Netflix will be carving out the DVD-by-mail business into a wholly owned subsidiary, which will be called Qwikster, while the streaming-only business will retain the “Netflix” brand […]

Alcoa Inc . ( AA ) has inked a venture with China Power Investment Corp., one of the largest state-owned power producers in China, to produce high-end aluminum products in China for the growing auto, aerospace, packaging and consumer electronics markets. […]

Recently, Vertex Pharmaceuticals Inc. ( VRTX ) announced that data from a late-stage trial on Incivek (telaprevir) was published in the September edition of the New England Journal of Medicine . The ILLUMINATE trial was conducted in treatment-naïve patients with genotype 1 chronic hepatitis C (HCV) […]

With the Greek rumor mill quieting down a bit and nothing major on the economic calendar, the market will likely shift its attention to the Fed’s two-day meeting, which gets underway today. The central bank is expected to announce the so-called ‘Operation Twist’ as a prop for the market, but the move’s relevance to the economy’s structural problems is far from clear. Nevertheless, in the absence of anything negative from the across the pond, stocks will likely remain in a wait-and-see mode ahead of the Fed announcement Wednesday afternoon. […]