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Can The Dow Jones Industrial Average Advance Beyond the 13,000 Level?
Wednesday, May 4, 2011 - 11:47am | 696The Dow Jones Industrial Average has come a long way since the dark days of 2009. Back then, the index was below 7,000. Recovering to a nice, round 10,000 seemed a long way off, and getting back to 13,000 or 14,000 seemed impossible. Now, stability seems to have returned to the market. The Dow is...
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CEOWORLD Top 10 Best-Performing Consumer Electronics Stocks Picks on 5/3/11: HAR, NIV, PHG, UEIC, UNXL, MCZ, KOSS, MSN, ATV, IFON
Tuesday, May 3, 2011 - 2:24pm | 1212Mad Catz Interactive Inc. (USA) (AMEX:MCZ) designs, manufactures, markets, sells and distributes accessories for all videogame platforms, PC and the iPod and other audio devices is trading at a price of $1.90, a dramatic change of -0.08 (-4.04%) from its previous day's close. Currently, the...
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What's Hot On TheStreet
Tuesday, May 3, 2011 - 2:07pm | 243Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet How Fund Investors Can Minimize Taxes Fund investors may be cheering the market rally, but higher stock prices come with a painful side effect: bigger tax bills. If Big Stocks Let You Down, Think Small For a...
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Morgan Stanley Comments On Textron CEO Retirement
Tuesday, May 3, 2011 - 9:18am | 61According to Morgan Stanley, Textron (NYSE: TXT) announced the retirement of Cessna President Jack Pelton. Morgan Stanley said that Cessna President's retirement strikes as right timing. “With TXT CEO Donnelly running Cessna until a replacement is found, we have heightened conviction for rolling...
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Deutsche Bank Reports Retirement Of Textron CEO Jack Pelton
Tuesday, May 3, 2011 - 8:01am | 126According to Deutsche Bank, Textron (NYSE: TXT) announced the immediate retirement of Jack Pelton, CEO of Cessna since 2003 after the close. Deutsche Bank said that TXT's business jet operation accounts for ~25% of total sales and about half of the earnings growth expectation in the next couple of...
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Textron Announces Jack Pelton Retires from Cessna (TXT)
Monday, May 2, 2011 - 4:01pm | 106Textron Inc. (NYSE: TXT) today announced that Jack J. Pelton, chairman, president and CEO of its Cessna Aircraft unit, has retired from the company, and that a search for his successor is underway. Textron Chairman and CEO Scott C. Donnelly will run the business until a successor is named. Pelton...
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GE Opens Office in Mongolia and Signs Healthcare Distribution Agreement with Newcom
Monday, May 2, 2011 - 1:04pm | 83General Electric Company (NYSE: GE) today opened a representative office in Ulan Bator, capital of Mongolia, to further explore business opportunities in one of the fastest growing and resource-rich markets in Asia. The new GE office is co-located in the headquarters of GE's Mongolian partner,...
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Textron Announces AAI Awarded $9.7 Million for U.S. Air Force EW Simulator
Monday, May 2, 2011 - 9:57am | 50AAI Test & Training, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has been awarded $9.7 million to deliver an electronic warfare radio frequency simulator for the U.S. Air Force's EW Avionics Integration Support Facility.
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SEC Selects GE Technology for Saudi Power Plant Expansions; Contracts Total More Than $500 Million (GE)
Monday, May 2, 2011 - 9:19am | 125GE (NYSE: GE) announced that it has been selected to provide gas turbine technology and services for four Saudi Electricity Company power plant expansions that will support Saudi Arabia in meeting its growing power needs, especially during the hot summer months when electricity demand is at its...
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CEOWORLD Top 5 Analyst Calls of the Week- DNDN, INSP, MCP, SIRI, VICL
Monday, May 2, 2011 - 3:32am | 1198Dendreon Corporation (NASDAQ: DNDN)- Dendreon Corporation (Dendreon) is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients. The Company's product portfolio includes active cellular...
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Top Five Insider-Owned Stocks
Friday, April 29, 2011 - 12:44pm | 317China Fire & Security Group (NASDAQ: CFSG) Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacture, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. Via its nationwide direct...
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Nokia Siemens Networks Completes Acquisition Of Certain Wireless Network Infrastructure Assets Of Motorola Solutions (MSI, NOK, SI)
Friday, April 29, 2011 - 9:17am | 82Nokia (NYSE: NOK) Siemens Networks (NYSE: SI) and Motorola Solutions, Inc. (NYSE: MSI) today jointly announced that Nokia Siemens Networks has completed its acquisition of Motorola Solutions' Networks assets paying US $975 million in cash. As of April 30 2011, responsibility for supporting...
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Jeff Immelt Resigns From NY Fed Board (GE)
Friday, April 29, 2011 - 8:44am | 143General Electric (NYSE: GE) CEO Jeffrey Immelt resigned yesterday from the board of the New York Federal Reserve, due to other commitments. Immelt had been a member of the New York Fed's board since January 2006. In a letter obtained by Reuters, Immelt wrote, "I am, with great regret, tendering...
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J.P. Morgan Maintains Overweight on Tyco International (TYC)
Friday, April 29, 2011 - 7:40am | 130J.P. Morgan is out with its report today on Tyco International (NYSE: TYC), maintaining Overweight. In a note to clients, J.P. Morgan writes, "Tyco's F2Q was not the clean beat that we drew up, with Flow missing and non-fundamental items driving the beat, but we continue to get data points that...
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Earnings Preview: Cliffs Natural Resources (CLF)
Thursday, April 28, 2011 - 3:08pm | 206Cliffs Natural Resources Inc. (NYSE: CLF) is set to report earnings tonight, and Wall Street will be looking to see whether strength in commodity prices, particularly iron ore, has helped the company blow past Wall Street estimates. Wall Street analysts are looking for earnings of $2.25 per share...