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Illinois Tool Works to Acquire Car Care Business from SOPUS Products
Tuesday, December 7, 2010 - 12:01pm | 90Illinois Tool Works Inc. (NYSE: ITW) today announced that it has reached an agreement to acquire Shell SOPUS Products' car care business, a leading automotive aftermarket consumer products portfolio. The parties expect the transaction to close in early 2011. SOPUS Products' Car Care business...
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ITT to Announce 2011 Outlook on December 17
Tuesday, December 7, 2010 - 11:21am | 43ITT Corporation (NYSE: ITT) will release its outlook for full-year 2011 financial performance at 7:00 a.m. EST, on Friday, December 17, 2010. At 8:00 a.m. senior management will review the outlook and answer questions during an investor briefing.
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ITT Acquires EchoStorm Assets - Analyst Blog
Monday, December 6, 2010 - 6:30pm | 484ITT Corporation (ITT) is set to acquire the business operations of closely-held EchoStorm Worldwide which delivers video and data management technology for military, government and commercial applications. The acquisition will bolster the company's already dominant position in airborne...
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ITT Acquires EchoStorm Assets - Analyst Blog
Monday, December 6, 2010 - 6:01pm | 484ITT Corporation (ITT) is set to acquire the business operations of closely-held EchoStorm Worldwide which delivers video and data management technology for military, government and commercial applications. The acquisition will bolster the company's already dominant position in airborne...
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Pentair to Release 2011 Outlook on December 17
Monday, December 6, 2010 - 5:16pm | 58Pentair, Inc. (NYSE: PNR) will release its outlook for full-year 2011 financial performance before the opening of the New York Stock Exchange on Friday, December 17, 2010. The company will also hold a conference call with investors at 9:00 a.m. Eastern Standard Time (EST) that day.
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Allergan's Lap-Band Finds Support - Analyst Blog
Monday, December 6, 2010 - 3:08pm | 396Allergan Inc. (AGN) recently announced that a US Food and Drug Administration (FDA) panel recommended the extension of the use of the company's gastric band. The Gastroenterology and Urology Devices Panel of the Medical Devices Advisory Committee voted 8 - 2 in favor of extending the use of...
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Allergan's Lap-Band Finds Support - Analyst Blog
Monday, December 6, 2010 - 2:06pm | 396Allergan Inc. (AGN) recently announced that a US Food and Drug Administration (FDA) panel recommended the extension of the use of the company's gastric band. The Gastroenterology and Urology Devices Panel of the Medical Devices Advisory Committee voted 8 - 2 in favor of extending the use of...
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Earnings Preview: Pall Corp. - Analyst Blog
Monday, December 6, 2010 - 10:43am | 660Pall Corporation (PLL) is slated to report its first quarter fiscal 2011 earnings on December 9, 2010, after market close. The current Zacks Consensus Earnings Estimate for the first quarter is 50 cents per share, representing a year-over-year growth of 25%. Pall surpassed the earnings estimate...
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Company News for December 6, 2010 - Corporate Summary
Monday, December 6, 2010 - 10:43am | 859• Rio Tinto (NYSE: RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron's wrote favorably on Big Lots (NYSE: BIG) on valuation merits after last week's earnings miss • According to All Things Digital, talks between Google (NASDAQ:...
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Sterne Agee: Illinios Tool Works Uses Analyst Day To Discuss Growth Potential
Monday, December 6, 2010 - 10:28am | 180Illinios Tool Works (NYSE: ITW) used its analyst day to discuss the long-term organic growth potential through innovation and emerging markets penetration. BRIC contribution is targeted to grow to 15% of revenues by 2015 from 8% currently. The initial outlook for 2011 includes 5 – 6% organic...
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Company News for December 6, 2010 - Corporate Summary
Monday, December 6, 2010 - 10:21am | 859• Rio Tinto (NYSE: RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron's wrote favorably on Big Lots (NYSE: BIG) on valuation merits after last week's earnings miss • According to All Things Digital, talks between Google (NASDAQ:...
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Earnings Preview: Pall Corp. - Analyst Blog
Monday, December 6, 2010 - 9:46am | 660Pall Corporation (PLL) is slated to report its first quarter fiscal 2011 earnings on December 9, 2010, after market close. The current Zacks Consensus Earnings Estimate for the first quarter is 50 cents per share, representing a year-over-year growth of 25%. Pall surpassed the earnings estimate...
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Jefferies Updates Estimates on Illinois Tool Works (ITW)
Monday, December 6, 2010 - 9:44am | 75Jefferies updates its estimates on (NYSE: ITW) following ITW's analyst day this past week. In its report, Jefferies writes, "Increasing 2011 outlook on higher incremental margin assumptions. Management is targeting incrementals of 30-35% for 2011 (our prior estimate was 24%). Acquisition...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, December 6, 2010 - 9:30am | 354Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) AK Steel Holding Corp (AKS) Anworth Mortgage Asset Corp (ANH) Barclays PLC (BCS) Barnes Group Inc (B) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report AK STEEL HLDG (...
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Collins Stewart Comments On Allergan's Lap Band Vote
Monday, December 6, 2010 - 9:27am | 153Colins Stewart is maintaining its Neutral rating and $75 price target on Allergan (NYSE: AGN) shares post the FDA Advisor y Committee's (AdCom) vote in favor (8 to 2) for the approval of Lap Band (device to treat obesity) to treat patients with lower body mass index (BMI). This is clearly good news...