Economic Data

Ahead of Wall Street – Nov. 1, 2012 – Ahead of Wall Street (ADP) (PFE) (XOM)

Thursday, November 1, 2012 We have a flood of economic and earnings reports this morning, but the focus will be on the labor market today ahead of the October non-farm payroll report coming out tomorrow. This morning’s weekly Jobless Claims data is broadly in-line with expectations, while the private-sector jobs reading from payroll processor Automatic Data Processing ( ADP ) appears quite reassuring. […]

Mergers & Acquisitions

Globant expands on innovation through the acquisition of Brazil-based TerraForum

Globant expands on innovation through the acquisition of Brazil-based TerraForum Brazilian IT company TerraForum reinforces Globant´s expertise in innovation, and allows the company to continue to develop its global presence PR Newswire SAO PAULO, Nov.1, 2012 SAO PAULO , Nov.1, 2012 /PRNewswire/ — Globant , a leader in the creation of innovative software products that appeal to global audiences, announced the acquisition of Brazil -based TerraForum ( http://www.terraforum.com.br ), which will allow Globant to reinforce its position as a leader in innovation, engineering and design, while expanding its reach into the Brazilian market. With this acquisition, Globant adds deep innovation expertise while leveraging TerraForum’s experience, client portfolio and qualified team in São Paulo, Rio de Janeiro , Curitiba and Belo Horizonte . Together with TerraForum, the company will start to provide services to local companies, taking advantage of growth opportunities in one of the largest markets in the world. […]

Stock Analysts

Arrow Reports In Line in 3Q (ARW) (AVT)

Arrow Electronics, Inc. ( ARW ) posted an adjusted net income (excluding restructuring, integration, and other charges) of $1.02 per share in the third quarter of 2012, in line with the Zacks Consensus Estimate but toward the lower end of management’s expectations. The quarterly result was down from $1.11 per share in the previous quarter and $1.20 per share in the year-ago quarter […]

FDA Approval

Accuray Receives FDA 510(k) Clearance for New CyberKnife M6™ Series, Merging Multileaf Collimation with Non-Isocentric Robotic Delivery

Accuray Receives FDA 510(k) Clearance for New CyberKnife M6™ Series, Merging Multileaf Collimation with Non-Isocentric Robotic Delivery CyberKnife M6Series Offers Unmatched Clinical Capabilities and Increased Efficiency, Extending its Radiosurgical Accuracy to a Broader Field of Applications PR Newswire SUNNYVALE, Calif., Nov. 1, 2012 SUNNYVALE, Calif. , Nov. […]

Stock Analysts

MGM Misses on Sluggish U.S. Biz (LVS) (MGM)

MGM Resorts International ’s ( MGM ) third quarter 2012 adjusted loss of 23 cents per share deteriorated from the Zacks Consensus Estimate of a loss of 16 cents per share. Loss per share was also wider than the prior-year quarter’s loss of 14 cents per share. However, on GAAP basis, MGM Resorts posted net loss of 37 cents per share compared with net loss of 25 cents per share in the prior-year quarter. […]

Stock Analysts

Mixed Bag from FMC Corp. (DD) (DOW) (FMC) (MON)

Chemical company FMC Corporation ’s ( FMC ) third-quarter 2012 adjusted earnings (excluding one-time items) came in at 79 cents per share, beating the Zacks Consensus Estimate by a penny and exceeding the year-ago earnings of 69 cents. Profit, as reported, rose 3.7% year over year to $90 million (or 65 cents a share) as healthy results from the company’s core Agricultural Products segment led to higher revenues in the quarter. Sales rose 5% year over year to $902.4 million in the quarter on strength in the agricultural products business. […]

Stock Analysts

Williams Misses Overall (WMB) (WPZ)

Tulsa, Oklahoma-based Williams Companies, Inc. ( WMB ) reported weak third quarter 2012 results, owing to lower natural gas liquid (NGL) margins along with higher development cost related to earlier acquisition. For the third quarter, Williams’ earnings per share, excluding special items, came in at 25 cents, lagging the Zacks Consensus Estimate of 27 cents […]