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AVP, Avon Products Inc.
** AVP reported that in 2012 the company will separate the roles of Chairman and Chief Executive Officer.
AVP said that Andrea Jung, AVP’s Chairman and CEO, will be named Executive Chairman, and that a committee of the Board of Directors will work with Ms. Jung to undertake an external search for a Chief Executive Officer. Ms. Jung will continue to serve in her dual roles throughout the recruitment process and will work closely with the new CEO to assure a successful transition.
AVP was upgraded to Outperform from Market Perform by Brokerage Firm BMO Capital, and to Above Average from Average by Brokerage Firm Caris & Company.
AVP is a leading global beauty company, with over $10 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through approximately 6.5 million active independent Avon Sales Representatives.
More about AVP at www.avoncompany.com
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ORBT, Orbit International Corp.
** ORBT reported that its Power Group, through its Behlman Electronics, Inc. subsidiary has received an order for a power supply used in oil and gas exploration valued at approximately $1,334,000.
This order brings the total value of orders received for this unit in 2011 to approximately $2.5 million. In addition, Behlman’s 2011 bookings remain strong and have exceeded the previous annual record. Exclusive of this new order that was booked in December, bookings for the Power Group through November 30th are up over 26% from the same period of last year.
ORBT is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications. ORBT designs and manufactures combat systems and gun weapons systems, provides system integration and integrated logistics support and documentation control. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and COTS power solutions.
More about ORBT at www.orbitintl.com
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TSON, TranS1, Inc.
** TSON reported that Palmetto GBA, a Medicare Administrative Contractor, has removed its Non-Coverage policy for AxiaLIF Procedure, effective January 1, 2012.
In its letter, Palmetto indicated that its medical directors had reviewed the AxiaLIF clinical information and decided "...the benefits are well supported by high-quality evidence, and has clinical value."
TSON is a medical device company focused on designing, developing and marketing products that implement its proprietary approach to treat degenerative conditions of the spine affecting the lower lumbar region. TSONcurrently markets the AxiaLIF family of products for single and two level lumbar fusion and the Vectre and Avatar posterior fixation systems for lumbar fixation supplemental to AxiaLIF fusion.
More about TSON at www.trans1.com.
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