-
GE Capital is Agent on $505M Debtor-in-Possession Financing to Borders
Friday, February 18, 2011 - 3:01pm | 64GE Capital, Restructuring Finance (NYSE: GE) today announced it provided a $505 million debtor-in-possession credit facility to Borders Group, Inc.. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving...
-
3M Acquires Hybrivet Systems
Thursday, February 17, 2011 - 11:07am | 393M (NYSE: MMM) announced today it has acquired Hybrivet Systems Inc., a provider of instant-read products to detect lead and other contaminants and toxins. Terms of the transaction were not disclosed.
-
Even Dell Moves Higher
Wednesday, February 16, 2011 - 2:12pm | 123You know a market rally has the wind at its back when General Electric (GE) is the best performing stock in any portfolio and Dell (DELL) has a 10% up day. Yes, you heard that right, DELL is really up more than 10% today! If the s... Go to http://SwingTradingDaily.com for full article, videos...
-
Sentiment Diverges From the Market
Wednesday, February 16, 2011 - 1:41pm | 123You know a market rally has the wind at its back when General Electric (GE) is the best performing stock in any portfolio and Dell (DELL) has a 10% up day. Yes, you heard that right, DELL is really up more than 10% today! If the s... Go to http://SwingTradingDaily.com for full article, videos...
-
Sterne Agee Expects Another Strong Year For Analog Devices, Raises PT To $47
Wednesday, February 16, 2011 - 10:07am | 246Sterne Agee has published a research report on Analog Devices (NYSE: ADI) after the company report 1Q11 revenues and EPS slightly ahead of analyst expectations. In the report, Sterne Agee writes "We believe 2011 will be another strong year for ADI, driven by strength from its key Industrial,...
-
Nuance and 3M Team to Deliver Next Generation ICD-10-Ready Clinical Documentation Solutions
Wednesday, February 16, 2011 - 9:02am | 116Nuance Communications, Inc. (NASDAQ: NUAN) and 3M (NYSE: MMM) Health Information Systems, two leaders in healthcare IT, today announced a broad, strategic partnership in which the companies are working together to deliver a suite of next generation, ICD-10-ready clinical documentation and coding...
-
Sage Products and 3M's Infection Prevention Division Announce Expanded Agreement
Monday, February 14, 2011 - 12:01pm | 95Sage Products and 3M's (NYSE: MMM) Infection Prevention Division have entered into an agreement which includes sales representation of Sage Products by 3M in select international locations. The new agreement is the second collaboration announced by the two companies in recent months. In December...
-
Options Brief: McDermott International (MDR)
Monday, February 14, 2011 - 11:35am | 95Shares of McDermott International (NYSE: MDR) are higher on the session by 2.71%, trading at $23.08. Overall put volume is now running at 4.86x the daily average, with 0% of all puts traded being purchases on the offer. 1,007 contracts have traded on the session so far. McDermott International,...
-
News Summary
Monday, February 14, 2011 - 10:34am | 197Shares of Hughes Communications Inc (NASDAQ: HUGH) dropped about 4.1% after EchoStar Corp (NASDAQ: SATS) announced its plans to buy HUGH for around $2 billion including the assumption of debt. The shareholders of HUGH will receive $60.70 per share, representing a 31% premium to the unaffected share...
-
US Stock Futures Down As Investors Await Release Of President Obama's Budget
Monday, February 14, 2011 - 7:30am | 281US stock futures are slightly lower this morning, after previous week's gains. Investors are awaiting the release of President Obama's budget. Futures on the Dow Jones Industrial Average fell 2 points to 12,239.00 and S&P 500 futures dropped 2.20 points to 1,325.80. Nasdaq 100 futures fell 1.25...
-
General Electric Makes Another Oil Deal
Sunday, February 13, 2011 - 9:49pm | 216Dow component General Electric (NYSE: GE) said it will acquire the well support business of John Wood Group Plc for $2.8 billion. The business posted revenues of $947 million and EBITDA of $166 million, GE said in a statement. The division, which generated 13% average annual revenue growth over the...
-
Nanotechnology is Big Business
Sunday, February 13, 2011 - 5:20pm | 601The mathematical definition of 'nano' is one billionth; so for example, a nanosecond is one billionth of a second. Nanotechnology is the science of manufacturing and utilizing extremely small particles and devices, sometimes as small as single atoms and molecules. A nanometer is one-billionth of a...
-
Borders End Game (BGP)
Friday, February 11, 2011 - 3:06pm | 142According to the Wall Street Journal, it's game over for Borders Group, Inc. (NYSE: BGP). The newspaper is reporting that the company could file for Chapter 11 bankruptcy protection either Monday or Tuesday next week. As part of the restructuring, the company will close around 200 stores. Borders...
-
GE Board of Directors Authorizes Regular Quarterly Dividend
Friday, February 11, 2011 - 12:56pm | 54The Board of Directors of General Electric Company (NYSE: GE) today authorized a regular quarterly dividend of $0.14 per outstanding share of the Company's common stock. The dividend is payable April 25, 2011 to shareowners of record at the close of business on February 28, 2011. The ex-dividend...
-
GE Completes Acquisition of Next-Generation Wind Turbine Tower Technology
Friday, February 11, 2011 - 10:02am | 113GE (NYSE: GE) announced today the acquisition of next generation technology from Wind Tower Systems, LLC (WTS) that is expected to enable taller wind turbine towers. The need for taller, cost-efficient towers is becoming an important factor in the wind industry as blade lengths increase. WTS has...