Month: November 2011

Chesapeake Energy Corporation ( CHK ) recently inked two transactions, to monetize a portion of its 1.5 million net acres of leasehold in the Utica Shale play mainly in eastern Ohio. Upon implementation, the deals would add nearly $3.4 billion to the company’s kitty. Chesapeake has signed a letter of intent with an undisclosed international major energy company to form a joint venture (JV) through which the latter will acquire a 25% stake in approximately 650,000 net acres of leasehold in the wet natural gas area of the Utica Shale play. […]

Computer Sciences Corporation ( CSC ) recently won a contract from Educational Testing Service (ETS), a worldwide education provider. The contract is worth $200.0 million, spanning over a period of five-and-a-half-years. As per the terms of the agreement, CSC will design systems to introduce new and innovative approaches to the way ETS leverages IT […]

Juniper Networks Inc. ( JNPR ) recently announced that it will be joining hands with one of the business units of technology company General Electric Co. […]

Advance Auto Parts Inc. ( AAP ) announced that it would release its results for the third quarter of 2011 after the market closes on November 09, 2011. Roanoke, Virginia-based Advance Auto realized earnings per share of $1.46 in the second quarter, higher than the Zacks Consensus Estimate of $1.39 per share […]

Lockheed Martin Corporation ( LMT ) received contract options worth $46.8 million from the U.S. Air Force to begin modernizing 29 long-range radars which provide advanced warning and air traffic control surveillance over North America's airspace. Under initial options of the Essential Parts Replacement Program (“EPRP”) contract, Lockheed will complete engineering planning and begin to upgrade 29 geographically disbursed AN/FPS-117 long-range surveillance radars […]

BP Plc ’s ( BP ) $7.06 billion worth deal involving the sale of its holding in an Argentine crude-oil producer has been called off, citing inability by a buyer to win required regulatory approvals. The stake was supposed to be divested to a joint venture (JV) between Argentina’s Bridas Energy Holdings Ltd. […]

Bank of America Corporation ( BAC ) has hit the headlines for manipulating overdraft fees. On Monday, the U.S. District Court of Southern District of Florida (Miami) ordered BofA to pay back $410 million to its more than 13 million customers who were charged with inappropriate overdraft fees by the company over the last decade […]

Triumph Group, Inc. ( TGI ) recently announced a public offering of 5,000,000 shares of its common stock, offered by investment funds and other entities associated with The Carlyle Group. The offering is expected to close and settle on November 14, 2011. […]

According to a filing with Japan’s finance ministry, The Goldman Sachs Group Inc. ( GS ) announced to sell 5-year Uridashi bonds in Yen. Uridashi notes are debt issued in the euro markets and are sold mostly to the Japanese individual investors […]

As part of its upgradation strategy, aluminum producer, Alcoa Inc ( AA ) would spend $2.1 billion over five years to reduce costs and raise output at three smelters in Quebec. Alcoa's Baie-Cameau, Deschambault and Becancour smelters would get new 25 year power supply contracts in the Canadian province, which will help it to expand its production capacity by 120,000 metric tons per year while reducing its costs by 13 percentage points at those plants. […]

The Wendy's Company ( WEN ), one of the leading quick-service restaurant companies, is slated to release its third quarter 2011 results on Wednesday, November 9, before the market opens. The current Zacks Consensus Estimate for the third quarter is pegged at 4 cents, representing an annualized negative growth of 18.7%. […]

The announcement of Life Technologies ’ ( LIFE ) third quarter fiscal 2011 results as on October 25, 2011, has led analysts to revise their estimates lower for the fourth quarter of fiscal 2011. Third Quarter Highlights Life Technologies reported an EPS of 94 cents in the third quarter of fiscal 2011, beating both the Zacks Consensus Estimate of 88 cents and the year-ago quarter’s adjusted EPS of 87 cents. Revenues increased 7% year over year to $929 million, surpassing the Zacks Consensus Estimate of $916 million […]

Citigroup Inc. ( C ) has been sued by Moneygram Payment Systems Inc., the electronic cash-transfer business, Bloomberg reported. The complaint lodged claims that Citi misrepresented documents during the sale of $140 million of collateralized debt obligations (CDOs) […]

Autodesk Inc. ( ADSK ) has acquired GRIP Entertainment, a privately-held artificial intelligence (AI) game middleware company. The deal has been closed this month, but no financial details or terms of purchase were disclosed […]