Month: April 2012

Fast Money Episodes

Netflix Shares Tumble

April 23, 2012 0

[cnbc 3000085731] Mark Mahaney, Citigroup managing director of Internet research, says that competition is a significant risk for Netflix. Meanwhile Dennis Gartman, of the Gartman Letter, says the metal selloff is a knee-jerk reaction to disappointing PMI data in China. […]

Fast Money Episodes

Netflix Shares Slide 15% After Earnings

April 23, 2012 0

[cnbc 3000085744] Dissecting the day’s major business news, including the selloff in Netflix stock, with the Fast Money traders. Scott Nations, NationsShares and Dan Greenhaus, BTIG, also weigh in on earnings season. Meanwhile Will Power, R. […]

Jeffrey Modell Foundation Joins with 20 Countries to Launch World Primary Immunodeficiency Week

April 23, 2012 0

Jeffrey Modell Foundation Joins with 20 Countries to Launch World Primary Immunodeficiency Week PR Newswire NEW YORK, April 23, 2012 NEW YORK , April 23, 2012 /PRNewswire/ — 25 years ago, Vicki and Fred Modell established the Jeffrey Modell Foundation, in memory of their son Jeffrey, who lost his battle with Primary Immunodeficiency (PI) at the age of 15. The Foundation (JMF) is a global organization dedicated to Research, Physician Education, Patient Support, Public Awareness, Advocacy, and Newborn Screening. […]

Mergers & Acquisitions

Grupo Elektra Successfully Completes Acquisition of Advance America

April 23, 2012 0

Grupo Elektra Successfully Completes Acquisition of Advance America —Stockholders approve the transaction, which meets all closing conditions and required regulatory approvals— —Acquisition generates strong growth perspectives in rapidly growing credit segment— —Advance America reported EBITDA of more than US$120 million in 2011, and will be acquired for approximately US$780 million— PR Newswire MEXICO CITY, April 23, 2012 MEXICO CITY , April 23, 2012 /PRNewswire/ — Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America ‘s leading financial services company and specialty retailer, announced today the successful completion of the acquisition of Advance America —a leading non-bank, short-term loan provider in the United States— under previously announced terms. […]

Stock Analysts

GD in One-Year Defense Contract (BA) (GD) (LMT)

April 23, 2012 0

General Dynamics One Source, a unit of General Dynamics Corporation ( GD ), has received a one-year contract from the Defense Information Systems Agency (“DISA”) to support the Services Directorate Enterprise Data Center Enterprise Backup, Mainframe and Server Services Program of U.S. Army Information Technology Agency (“USAITA”). […]

Stock Analysts

Robust 1Q for Canadian Pacific (CNI) (CP) (TCK)

April 23, 2012 0

Canadian Pacific Railway Limited ’s ( CP ) earnings per share of 82 Canadian cents (approximately 81.8 cents) for the first quarter of 2012 surpassed the Zacks Consensus Estimate by almost a penny. Earnings per share registered a whopping 310% increase from 20 Canadian cents earned in the year-ago quarter. The outperformance was led by strong revenue growth and operating results. […]

Stock Analysts

Sears to Return 3 Canadian Stores (SHLD) (TGT) (WMT)

April 23, 2012 0

Sears Canada Inc., an arm of Sears Holdings Corporation ( SHLD ), which continues to face a cash crunch, heaved a sigh of relief by closing a deal to return its three stores in Canada to the real estate developer and landlord, The Cadillac Fairview Corporation Limited. The deal will generate pretax income of $170 million to Sears Canada. The three Sears stores are located at the Rideau Centre in Ottawa, Chinook Centre in suburban Calgary and the Pacific Centre in downtown Vancouver, all owned and managed by Cadillac Fairview […]