Month: April 2012

Mergers & Acquisitions

Flextronics Completes Stellar Microelectronics Acquisition

April 9, 2012 0

Flextronics Completes Stellar Microelectronics Acquisition PR Newswire SINGAPORE, April 9, 2012 SINGAPORE , April 9, 2012 /PRNewswire/ — Flextronics (NASDAQ: FLEX) today announced that it has completed its previously announced acquisition of Stellar Microelectronics. The acquisition extends Flextronics’ service offering in advanced custom packaging solutions that utilize the latest microelectronics technologies for the aerospace, defense and medical manufacturing markets and the ability to support customers with unique U.S. manufacturing needs such as AS9100C, ISO 9001:2008 and ISO13485:2003. […]

Stock Analysts

Fitch Affirms Health Net’s Ratings (HNT) (UNH) (WLP)

April 9, 2012 0

International credit rating agency, Fitch Ratings, recently affirmed the long-term issuer default rating (IDR) of Health Net Inc. ( HNT ) at “BB+” and 6.375% senior notes due June 2017 at “BB”. Additionally, the rating agency affirmed the insurer financial strength rating (IFS) of the company’s operating subsidiaries at “BBB” […]

Stock Analysts

UDR Divests Assets (AIV) (UDR)

April 9, 2012 0

UDR Inc. ( UDR ), a leading multifamily real estate investment trust (REIT), has recently announced that during first quarter 2012, it had completed the sale of 6 apartment communities totaling 1,576 units for net proceeds of $133 million. The company also anticipates selling 15 additional apartment communities aggregating 4,931 units in the remainder of the current fiscal year for $477 million in net proceeds […]

Stock Analysts

Valspar Retained at Outperform (PPG) (SHW) (VAL)

April 9, 2012 0

We reiterate our Outperform recommendation on The Valspar Corporation ( VAL ), the sixth largest paint and coatings manufacturer globally. Its earnings of 62 cents a share for first-quarter 2012 topped the Zacks Consensus Estimate of 48 cents. Revenues rose 5% year over year to $885.6 million led by higher sales from the Minnesota-based company’s Coating segment […]

Stock Analysts

Feeble 1Q Outlook for SanDisk (SNDK)

April 9, 2012 0

After reporting mixed fourth quarter results, SanDisk Corp. ( SNDK ) lowered its outlook for the first quarter of 2012 based on a soft demand scenario. The company expects to earn $1.2 billion in the first quarter of 2012, lower than the previous guidance of $1.30 billion to $1.35 billion. […]

Stock Analysts

Mindray to Attend Medical Fair (GE) (MR) (PHG) (SI)

April 9, 2012 0

Mindray Medical International Limited ( MR ), a leading Chinese medical device manufacturer, recently revealed its intended participation in the 67th China International Medical Equipment Fair ("CMEF"). The event will take place between April 17, 2012 and April 20, 2012 in Shenzhen, China. The company will showcase over 90 offerings from its three business lines […]

Bully Documentary Ignites a National Conversation About the Harmful Mental Health Effects of Bullying

April 9, 2012 0

Bully Documentary Ignites a National Conversation About the Harmful Mental Health Effects of Bullying As the movie rolls out to theatres nationwide, CounselingCalifornia.com offers tips for parents and educators addressing the bullying crisis which will affect 13 million American kids this year PR Newswire SAN DIEGO, April 9, 2012 SAN DIEGO , April 9, 2012 /PRNewswire/ — This year 13 million American kids will be bullied and three million students will be absent because they feel unsafe at school, according to the documentary Bully . Opening in theatres everywhere on April 13 , Bully sheds light on the harmful mental health effects bullying can have and has inspired a national conversation about how parents and educators should deal with this nationwide crisis. “Bullying is a very serious issue that can result not only in immediate physical injury, but in lifelong emotional scars as well,” said Angela Mohan , a California -based licensed marriage and family therapist and member of the California Association of Marriage and Family Therapists. […]

Mergers & Acquisitions

Phyhealth Corporation Announces Planned Merger with Queste Capital

April 9, 2012 0

Phyhealth Corporation Announces Planned Merger with Queste Capital PR Newswire MIAMI, April 9, 2012 MIAMI , April 9, 2012 /PRNewswire/ — Phyhealth Corporation (“Phyhealth”) (OTCQB: PYHH) today announced that it has entered into a material agreement (the “Agreement”) with Queste Capital, a Nevada corporation, for the purchase of a majority control of Phyhealth, on April 2, 2012 . The Agreement calls for the purchase of shares of common stock equal to 95% of the then existing shares of common and preferred, fully diluted, to be delivered to Queste Capital for $425,000 . The transaction is expected to be implemented within 45 days of the Agreement […]

Mergers & Acquisitions

Interface Redeems the Remaining $11.5 Million of its 9.5% Senior Subordinated Notes due 2014

April 9, 2012 0

Interface Redeems the Remaining $11.5 Million of its 9.5% Senior Subordinated Notes due 2014 PR Newswire ATLANTA, April 9, 2012 ATLANTA , April 9, 2012 /PRNewswire/ — Interface, Inc. (Nasdaq: IFSIA) (the “Company”), a worldwide floorcoverings company and global leader in sustainability, today announced that it has redeemed the remaining $11.5 million in aggregate principal amount outstanding of its 9.5% Senior Subordinated Notes due 2014 (the “Notes”) at a price equal to 100% of the principal amount of the Notes, plus accrued interest to the redemption date. […]

Stock Analysts

Conoco Expects Less Q1 Output (COP)

April 9, 2012 0

ConocoPhillips ( COP ) expects its production for the upcoming first quarter to be lower than the year-earlier period as expressed in its interim update. The U.S. major now projects hydrocarbon production of approximately 1.62 million barrels of oil equivalent per day (MMBoe/d), down almost 5% from the year-ago level of 1.70 MMBoe/d. […]

Stock Analysts

General Dynamics Wins Contract (BA) (GD) (LMT) (TXT)

April 9, 2012 0

General Dynamics Armament and Technical Products, a unit of General Dynamics ( GD ) received a contract worth $7.8 million from the Naval Air Systems Command. Per the contract General Dynamics’s unit will be entrusted to manufacture more than twenty F/A-18 E/F 20 mm gun systems for the Super Hornet fighter aircraft. Production will be carried out at the company’s Saco, Maine facility while the work will be administered from its Technology Center in Williston, Vermont […]