Month: April 2012

Mergers & Acquisitions

Alliant Energy’s Proposed Purchase of Riverside Energy Center Approved

April 6, 2012 0

Alliant Energy’s Proposed Purchase of Riverside Energy Center Approved 600MW combined cycle natural gas facility is located in Beloit, WI PR Newswire MADISON, Wis, April 5, 2012 MADISON, Wis , April 5, 2012 /PRNewswire/ — Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation (NYSE:LNT), has received approval from the Public Service Commission of Wisconsin (PSCW) to purchase the Riverside Energy Center from Riverside Energy Center, LLC, (Riverside) a subsidiary of Calpine Corporation, for approximately $392 million . The Riverside Energy Center is a 600MW combined cycle natural gas-fired electric generating facility located in Beloit, Wisconsin . […]

Stock Analysts

AAR Wins Alaska Contract (AIR) (BA) (GR) (LMT)

April 6, 2012 0

On Wednesday, AAR Corp ( AIR ) obtained Alaska Airlines (“Alaska”) contract for providing component repair and management services for its fleet of 87 Boeing 737-700, 800 and 900 aircrafts. Such a repair and overhaul service contract toward a new cost-per-flight-hour program entails a timeline of 10 years. As per the contract terms, AAR will be providing Alaska with reduced repair costs and increased component reliability integrated with guaranteed turn times. […]

Stock Analysts

Kimco Realty Divests Non-Core Assets (KIM) (SPG)

April 6, 2012 0

Kimco Realty Corp. ( KIM ), a real estate investment trust (REIT), has recently announced that it had completed the divesture of 15 assets in first quarter 2012 for $215.4 million. This included the sale of 13 non-core assets, 2 joint-venture properties, and the repayment of $83.7 million in mortgage debt […]

Stock Analysts

PAA Projects First Quarter Outlook (PAA) (PNG)

April 6, 2012 0

Plains All American Pipeline, L.P. ( PAA ) has provided its outlook for first quarter of 2012. In February 2012, the company had announced its earnings before interest, taxes, depreciation and amortization (EBITDA) guidance range of $380 million to $420 million, with a midpoint adjusted EBITDA guidance of $400 million. […]

Stock Analysts

PPG Industries, Argex Join Forces (ARGEF) (DD) (PPG)

April 6, 2012 0

PPG Industries ( PPG ), a global supplier of protective and decorative coatings, has forged a technical collaboration pact with Canada-based Argex Mining Inc. ( ARGEF ), which makes titanium dioxide (TiO2), iron and vanadium pentoxide. Under the deal, the companies will develop and optimize technology intended for making TiO2 pigment for use in paints and coatings […]

Mad Money Episodes

Cramer: Is Apple Too Powerful?

April 5, 2012 0

[cnbc 3000082547] Is the bull market this year nothing more than an Apple rally? Mad Money host Jim Cramer turns to the charts to check out the tech giant’s influence on the performance of the S […]

Acura and Marvel Entertainment Announce Exclusive Co-Promotion Campaign for Marvel’s The Avengers

April 5, 2012 0

Acura and Marvel Entertainment Announce Exclusive Co-Promotion Campaign for Marvel’s The Avengers PR Newswire TORRANCE, Calif., April 5, 2012 TORRANCE, Calif. , April 5, 2012 /PRNewswire/ — Acura and Marvel Entertainment, LLC announced today the details of their promotional campaign for this summer’s most anticipated film, Marvel’s The Avengers. Following the luxury automaker’s integration with THOR last summer, Acura is building on its established role as the official vehicle of S.H.I.E.L.D […]

Mergers & Acquisitions

Wand Capital Corporation Announces Proposed Acquisition of Multi-Residential Property as Qualifying Transaction

April 5, 2012 0

Wand Capital Corporation Announces Proposed Acquisition of Multi-Residential Property as Qualifying Transaction PR Newswire TORONTO, April 5, 2012 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO , April 5, 2012 /PRNewswire/ – (TSXV: WNC.P) Wand Capital Corporation (the ” Corporation “), a capital pool company (as defined in Policy 2.4 (the ” CPC Policy “) of the TSX Venture Exchange Inc.’s (the ” TSXV “) Corporate Finance Manual), is pleased to announce that it has entered into a definitive acquisition agreement (the ” Acquisition Agreement “) with a related party to the Corporation’s Chief Executive Officer, Daniel Drimmer (the ” Vendor “), with respect to the acquisition of an initial multi-residential rental property (the ” Initial Property “). The Corporation will purchase the Initial Property from the Vendor for a purchase price equal to $7.55 million , subject to customary adjustments. […]

Stock Analysts

DKS Eyes UK Sports Market (CLY) (DKS) (FL) (WMT)

April 5, 2012 0

In an effort to enhance its global footprint, Dick's Sporting Goods Inc. ( DKS ), a full-line sporting goods retailer, has recently announced its plan to make strategic investment in Britain-based sporting goods retailer, JJB Sports. As per its plan, Dick’s is going to invest 20 million pound ($31.75 million) initially in the loss making company by purchasing 18.75 million pounds ($29.76 million) worth of Junior Secured Convertible Notes and 1.25 million pounds ($1.98 million) of JJB’s ordinary shares […]

Stock Analysts

Still Neutral on AXIS Capital (ACE) (AXS)

April 5, 2012 0

Given the substantial exposure to catastrophe losses and low interest rate environment weighing on net investment income, we retain our Neutral recommendation on AXIS Capital Holdings Ltd. ( AXS ). AXIS Capital’s fourth-quarter earnings surpassed the Zacks Consensus Estimate but fell below the year-ago results […]