Month: April 2012

Networking major Cisco Systems ( CSCO ) joined hands with NetApp ( NTAP ), to introduce a new cloud product, which is expected to help more customers accelerate their transition to the cloud. The companies recently announced plans to extend the FlexPod with a series of new pre-validated design architectures priced and sized for smaller workloads. This new FlexPod series is built on the background of a flexible, scalable, shared infrastructure that combines technologies such as computing, networking and storage solutions offered by the tech major […]

We reiterate our Neutral recommendation on Jacobs Engineering Group Inc. ( JEC ). […]

The US Food and Drug Administration (FDA) recently approved Eli Lilly and Company’s ( LLY ) radioactive diagnostic agent, Amyvid (florbetapir F 18 Injection). Amyvid has been designed to help detect the density of beta-amyloid plaques in patients (with cognitive impairment) who are being evaluated for Alzheimer's disease and other causes of cognitive decline. […]

TECO Energy, Inc. ’s ( TE ) subsidiary Peoples Gas System has entered into an agreement with Florida Public Utilities Company (“FPU”), a wholly-owned arm of Chesapeake Utilities Corporation ( CPK ) for the distribution of natural gas to Nassau County and Amelia Island. This project has already received approval from the Florida Public Service Commission […]

FelCor Lodging Trust Inc. ( FCH ), a real estate investment trust (REIT) that owns upper-upscale hotels, has recently decided to sell 6 non-core assets to an unnamed buyer for $103.0 million, representing a cap rate of 6.8% based on 2011 net operating income. About $3.9 million of the purchase price was paid in advance in cash, and the transaction is expected to close in second quarter 2012 […]