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Shaw Awarded Contract to Operate Sediment Processing Facility for General Electric
Friday, June 17, 2011 - 9:01am | 193The Shaw Group Inc. (NYSE: SHAW) today announced that its Environmental & Infrastructure Group has been awarded a contract to operate the sediment processing facility for the second phase of the General Electric Company's (NYSE: GE) Hudson River dredging project. The facility is located in...
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Deutsche Bank Comments On ITT Education Services' Initiatives
Friday, June 17, 2011 - 8:43am | 119According to Deutsche Bank, ITT Education Services (NYSE: ESI) announces company initiatives in response to GE. Deutsche Bank said that, presenting at a competitor conference today, ESI management outlined initiatives the company is adopting in response to the Dept of Education's (DoE) final...
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IBM Celebrates 100th Birthday
Thursday, June 16, 2011 - 11:57am | 251The news is a surprise to many who maybe believed that IBM (NYSE: IBM) have only ever made computers, but IBM is actually a full 100 years old today. This is an incredible feat for the company, whose full name is International Business Machines, particularly when considering the field that it...
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GE Oil & Gas Awarded 4-Year, $120M Subsea Service Contract to Maintain Petrobras' Campos Basin
Thursday, June 16, 2011 - 10:45am | 86Petróleo Brasileiro S.A. (NYSE: PBR) has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras' fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes...
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BIOLASE Announces Settlement With Philips, Resulting in Full and Final Dismissal of Litigation
Thursday, June 16, 2011 - 9:01am | 199BIOLASE Technology, Inc. (NASDAQ: BLTI) today announced that it reached a final settlement agreement with Koninklijke Philips Electronics N.V. (NYSE: PHG) and Discus Dental LLC, regarding the litigation that Discus brought against BIOLASE in 2010 (Discus was subsequently acquired by Philips). In...
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Benchmark Reiterates Buy on inContact, Raises PT to $6
Thursday, June 16, 2011 - 7:16am | 149Benchmark reiterated its Buy rating on inContact (NASDAQ: SAAS). At the same time, Benchmark raised its price target on the company's stock to $6. In a research report published today, Benchmark stressed the company's agreement with Siemens (NYSE: SI) as the reason for its decision. In the report...
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EBC Initiates Coverage of Textron with Hold
Thursday, June 16, 2011 - 6:30am | 82Early Bird Capital initiated coverage of Textron (NYSE: TXT) with a Hold rating. In a research report published today, EBC states, "We are initiating coverage of the Textron, Inc. (TXT) with a HOLD rating... Opportunities include: well-diversified, barriers to entry, positioning to business jet...
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Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 2:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
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Petrobras and GE Strengthen Technology Partnership with $90M Investment on New Wellstream Logistics Base in Niterói, Brazil
Wednesday, June 15, 2011 - 10:36am | 260GE (NYSE: GE) Oil & Gas is pleased to announce that its Wellstream business, acquired in March, has been awarded a long-term, flexible pipe and subsea equipment logistics services contract by Petróleo Brasileiro S.A. (Petrobras), one of the largest companies in Latin America which also controls...
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Siemens Invests in Energy Startup Tendril Networks
Tuesday, June 14, 2011 - 8:52am | 159Industrial engineering giant Siemens (NYSE: SI) has announced that it invested an undisclosed amount in, and will also market technologies from, home energy startup Tendril Networks. Tendril makes software and in-home devices for consumers to monitor and manage home energy consumption. Siemens...
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3M Responds to Accusations Regarding BacLite
Monday, June 13, 2011 - 4:00pm | 1273M (NYSE: MMM) responded today to public accusations concerning its efforts to market BacLite, a product it acquired from Acolyte Biomedica Limited in 2007. According to 3M, the technology, originally developed to help detect the harmful bacteria Methicillin-resistant Staphylococcus aureus, was not...
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Bank of America Merrill Lynch Reiterates Neutral on General Electric
Monday, June 13, 2011 - 8:48am | 131Bank of America Merrill Lynch is out with its report today on General Electric (NYSE: GE), reiterating Neutral. In a note to clients, Bank of America Merrill Lynch writes, "As GE Capital's contribution to GE's earnings is reduced, this should help to lower the implied mix pressure from GE's...
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Morgan Keegan Has Market Perform On Teleflex Incorporated
Monday, June 13, 2011 - 7:46am | 118Morgan Keegan has a Market Perform rating and a $60 price target on shares of Teleflex Incorporated (NYSE: TFX). In a note to investors, Morgan Keegan writes, "With additional details available from Teleflex's debt offering, we provide updated thoughts and analysis. Recall, on June 1, 2011...
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Deutsche Bank Incrementally More Positive on Discounted Late Cycle Names
Friday, June 10, 2011 - 8:50am | 84Deutsche Bank said that is becoming incrementally more positive on discounted late cycle names like General Electric Co. (NYSE: GE), SPX Corporation (NYSE: SPW) and Manitowoc Co. Inc. (NYSE: MTW). “We value the group based on DCF,” Deutsche Bank writes. “Key risks – Global growth, FX and Commodity...
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Predicted: Stock Market Rallies
Thursday, June 9, 2011 - 12:02pm | 282If you were following my Rant and Rave blog articles at InTheMoneyStocks.com, this rally was accurately called. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $129.45, +1.03 (+0.80%). The reasons to expect a rally today were simple. First, options expiration is next week. This may not seem...