Videos uploaded by user “TradeTheTrend”
India's Richest Man Mukesh Ambani Moves Into 630 Million GBP Home
"The richest man in India, Mukesh Ambani, moved into his new home in Mumbai, which is 27 stories high and valued at approximately 630 million GBP. Ambani, his wife and three children moved into a building named after the mythical island, Antilia. The home boasts a health club, gym, dance studio, a studio, a ballroom, guest rooms, a range of lounges and a 50 seat cinema. The roof sports helicopter pads. There is also underground parking for 160 cars, which will come in handy for guests at Ambani's upcoming housewarming party. The 53-year old tycoon is not only the richest man in India, but the fourth in the entire world."
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NASA Finds New Life Form on Earth
"NASA's anticipated press conference today did announce the existence of new life. No, it's not E.T.; but it is a revolutionary finding. Up until now, scientists would say that six elements were absolutely necessary for life to exist: carbon, hydrogen, nitrogen, oxygen, phosphorus and sulfur. Dr. Felisa Wolfe-Simon, a NASA astrobiology fellow at the United States Geological Survey has broadened that list, as evidenced by her research revealed today. Here's how... The key element of phosphorus is what links the backbone of DNA together. Arsenic sits just beneath phosphorus on the periodic table of elements, and it is toxic to life. However, Dr. Wolfe-Simon found an organism that actually learned to cope with arsenic. Taking mud bacteria samples from the bottom of Mono Lake in California, she gradually fed the life form arsenic. To her surprise, the experiment did not kill the organism. Instead, she suggests, it incorporated the element into it's phosphorus lifestyle. Columbia University Astrobiologist Caleb Scharf compares this adaptation to ""if you or I morphed into fully functioning cyborgs after being thrown into a room of electronic scrap with nothing to eat"". The findings have a relationship with NASA's search for life in space because it expands the scope of what possible life conditions to look for in other worlds. "
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News Update: Brittanee Drexel, Missing Teen Featured on 'Disappeared'
"Brittanee Drexel has been missing for over a year. On Monday, the New York teen was featured in a one-hour special documentary, on Investigation Discovery Channels' crime show: ""Disappeared."" The 17-year-old was last seen on spring break in Myrtle Beach, South Carolina. Surveillance cameras filmed her exiting her hotel on April 25th 2009, one night before her planned return home to New York. Her last known communication was in a text message to her boyfriend. She didn't tell her parents that she was going on vacation. Drexel's phone was later traced by police to an isolated rural area of swamps and alligators. Police in Georgetown County, South Carolina said that chances of finding the teen are slim. No body has been found. Anyone with information regarding this case should call the Myrtle Beach Police department at 843-918-1963."
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News Update: U.S. apologizes for syphilis experiment on Guatemalan prisoners
"Reuters is reporting that the United States officially apologized on Friday for a 1940s experiment government medical researchers conducted on Guatemalan prison inmates. In the study, researchers knowingly infected prisoners with syphilis and tested the effectiveness of penicillin on the sexually transmitted disease. Secretary of State Hillary Clinton and Health and Human Services Secretary Kathleen Sebelius along with other government officials issued an apology statement. The statement reads, ""The sexually transmitted disease inoculation study conducted from 1946-1948 in Guatemala was clearly unethical... Although these events occurred more than 64 years ago, we are outraged that such reprehensible research could have occurred under the guise of public health. We deeply regret that it happened, and we apologize to all the individuals who were affected by such abhorrent research practices."" The experiment, which bears similarity to the 1960s Tuskegee study that left African American men untreated for syphilis, was discovered by Susan Reverby, a professor of women's studies at Wellesley College in Massachusetts. "
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Research In Motion Unveils Blackberry Torch 9800: First Device with Blackberry 6 OS
"AT&T and Research in Motion Tuesday morning officially debuted the new BlackBerry Torch, the first BlackBerry to use the portrait slider form factor and the first device to launch with BlackBerry 6 OS. After many months of unofficial reports and spy camera shots of the device, today the Torch officially went live. It features the standard BlackBerry keyboard hidden under a 3.2"" capacitive touchscreen similar to the Palm Pre. It has 512MB of RAM and 4GB of built-in memory expandable via microSD, a 5 megapixel camera, Bluetooth 2.1, GPS, and 802.11 wireless connectivity. While the form factor is certainly a point of interest for the device, most of the new functionality in the Torch is derived from BlackBerry 6. The new OS comes with a redesigned homescreen and notification system, a new Webkit Browser, universal search bar, universal inbox integrated with BlackBerry Messenger and social networks, and a new media player. Mike Lazaridis, president and co-ceo, Research In Motion said, ""BlackBerry 6 is the outcome of RIM's ongoing passion to deliver a powerful, simplified and optimized user experience for both touch screen and keyboard fans, Following extensive research and development to address consumer needs and wants, we are delivering a communications, browsing and multimedia experience that we think users will love, and we are thrilled to debut BlackBerry 6 on the amazing new BlackBerry Torch smartphone."" The BlackBerry Torch 9800 will be available through AT&T on August 12 for $199 plus a two-year service agreement. After initial exclusive availability on the Torch, BlackBerry 6 OS will be available as an upgrade for the Bold 9700 and 9650, and the BlackBerry Pearl 3G."
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News Update: BP Plc Gulf Oil Spill Costs Reach $2B Mark
BP Plc (NYSE:BP) officials said the company collected 23,290 barrels of oil from the Gulf of Mexico Sunday, of which 8,720 barrels were flared, along with about 48.3 million cubic feet of natural gas. The oil giant said Monday that costs from the spill have reached $2 billion as the spill nears its 60-day mark. BP is trying to raise funds to pay for spill containment, drilling, grants and sand barrier construction. BP is also facing litigation from Andarko Petroleum Corp. (NYSE:APC), which owns a 25% interest in the ruptured Macondo well, reports MarketWatch. Andarko Petroleum accused BP last Friday of "reckless" decision-making, which BP said it "strongly" disagrees with. Shares of BP are trading down 2.61% Monday afternoon at $30.93, whereas shares of Andarko Petroleum are trading up 2.94% at $43.82.
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News Update: Alleged Faulty Blowout Preventer Could be Culprit in BP Plc Oil Spill
Congressional investigators announced Wednesday that an emergency shutoff valve might have been able to prevent the BP Plc (NYSE:BP) oil spill in the Gulf of Mexico, had it not been equipped with a leaking hydraulic system and one useless valve. The Transocean Ltd-owned (NYSE:RIG) Deepwater Horizon drilling rig was supposed to be equipped with a blowout preventer capable of pushing back on high pressure oil and gas surges, but instead failed, killing eleven workers in an explosion. Poor maintenance and necessary modifications on the blowout preventer were pinpointed by chairman of the House Oversight and Investigations Subcommittee, Rep. Bart Stupak (D-Mich.) as the reasons behind the explosive spill. Stupak said, "The safety of [the rig's] entire operations rested on the performance of a leaking, modified, defective blowout preventer." The blowout preventer was manufactured by Cameron International Corp. (NYSE:CAM), and crews noticed the leak oozing from a faulty and loose connection. However, Cameron International told the Investigations Subcommittee that it could not have been the blowout preventer that caused the leak, since the other connections were tightly fitted. An additional shut-off system on the blowout preventer was also modified, and reportedly did not work either. Rep. Stupak said, "An entire day's worth of precious time had been spent engaging rams that closed the wrong way because it was wired wrong." A document was identified by the Investigations Subcommittee that pointed out 260 unique "failure modes" for the blowout preventer. However, Stupak commented that numerous other problems could have also potentially interfered with the emergency shut-off system. A dead battery from the blowout preventer was found on the sea floor near the spill, which could have kept the preventer from performing properly in an emergency situation. "How can a device that has 260 failure modes be considered failsafe?" questioned Rep. Stupak. Shares of BP are trading down 0.98% at $48.26, as are shares of Transocean, which are down 1.58% at $67.48.
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Company Profile: IMS Health Inc. (NYSE:RX)
IMS Health provides sales management and market research services to clients in the pharmaceutical and health care industries. It tracks not only the sale of prescription drugs and over-the-counter products but also the productivity of individual sales representatives that work for its client companies. It offers market forecasts and surveys physicians and hospitals about drugs they are prescribing to patients. IMS Health also offers consulting and other professional services. It has clients worldwide and operates through about 100 offices in more than 75 countries. In early 2010, IMS Health was taken private by TPG Capital and CPP Investment Board
Views: 2519 TradeTheTrend
News Update: CVS Caremark Corp. & Walgreen Co. Announce Agreement on Pharmacy Program
CVS Caremark Corp. (NYSE:CVS) and Walgreen Co. (NYSE:WAG) officials announced Friday morning that an agreement on terms has been reached between the two companies, under which Walgreens will continue its participation in CVS Caremark's pharmacy benefit management (PBM) national retail network. Financial details of the new contract have not been disclosed, and the terms are effective for existing, new or renewals of PBM plans. "We are very pleased with the outcome of this mutual, multi-year agreement that meets our business objectives," commented Walgreen executive vice president of pharmacy, Kermit Crawford. "The agreement makes good business sense, provides the framework we need to operate our business going forward, and assures choice and convenience for the many consumers who look to us for quality pharmacy care. The agreement is good for our patients, pharmacists and shareholders, and will allow us to continue to meet the needs of our customers across the country through the CVS Caremark network." CVS Caremark's national pharmacy network will reportedly grow to over 64,000 participating pharmacies with the continued participation of Walgreen. "We are pleased to have reached a mutually agreeable solution together with Walgreens that is consistent with our top priority to provide convenient access to affordable high-quality pharmacy health care," said president of CVS Caremark's pharmacy benefit management business, Per Lofberg. "This new contract enables Walgreen to continue participating in CVS Caremark's PBM national pharmacy network, provides enhanced network stability, eliminates any current or long-term disruption for our clients or their members and allows us to continue to fulfill our obligation to deliver cost-effective pharmacy benefits for our clients." Shares of CVS closed Thursday's trading day at $31.84, and shares of Walgreen closed at $29.27.
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News Update: Apple to sell 100 Millonth Device, iAd update - iPhone 4
Reporting on the latest developments from the World Wide Developers Conference in San Francisco. Steve Jobs continues to fill us in on the details of Apple's newest product the iPhone 4 - OR - the official new name for this product... the iOS4. The latest - Jobs announced a staggering statistic - Apple intends to sell it's 100 millionth OS device this month. The OS family includes iPhones, iPod touches, and iPads. The CEO of the company clearly stressing here that there is an expansive market for application developers, the ibook market, and iAd which is Apples platform for hosting and selling adspace. Jobs said that there is 60 million dollars in iAds committed as of today for the 2nd half of 2010, which they are predicting will be 48% of the entire US mobile display ad market. Jobs also performed a demo to show of the phone's video calling capability, enabled by the new front facing camera.
Views: 3460 TradeTheTrend
Caught On Tape: Angry McDonalds Customer Rages Over Lack Of Chicken McNuggets
"Police in Toledo, Ohio have just released surveillance video of an incident from New Year's Day. They say it shows 25-year-old Melodi Dushane pulling up to a McDonald's drive-through window with a neighbor at about 6:30 in the morning, and objecting strongly when workers said she could not get Chicken McNuggets at that hour because the eatery had started serving breakfast at 2:30 AM. At that point, she is seen getting out of the car and hitting the drive-through employee in the mouth. Then the manager comes over, Dushane swings a few more times, and the manager tries to pull her up through the window by her hair. Other employees prompted the manager to let her go. They close the window as Dushane tries to push it open - but she then breaks the glass with an object from her car. The car passenger's mother said it was the employees who allowed the situation to escalate. Police later charged Dushane with vandalism. "
Views: 3012093 TradeTheTrend
News Update: MetLife Stock Could Move into the 50s Over Next Two Years
MetLife (MET), the largest life insurer in the U.S. and Mexico, with $539 billion in assets, might have written the right policy to ensure future growth. And that could lift its stock into the 50s over the next two years from its current 41, says a feature in this week's Barron's. MET is buying American International Group's (AIG) second-largest foreign life-insurance unit, American Life Insurance, known as Alico, for $15.5 billion in cash and stock. Alico will add 20 million customers to MetLife's 70 million and thrust MetLife into the profitable Japanese market and into fast-growing China and Brazil. When the transaction closes at the end of this year, the percentage of operating profits that MetLife gets abroad will double, to 40%. Alico could add as much as 55 cents a share to MetLife's earnings next year and boost its return on equity well past 12% over the next couple of years, from 7% in 2009.
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Company Profile: Safeway Inc. (NYSE:SWY)
Safeway is one of North America's largest food retailers, with some 1,725 stores located mostly in the western, Midwestern, and mid-Atlantic regions of the US, as well as western Canada. It also operates regional supermarket companies, including The Vons Companies (primarily in Southern California), Dominick's Finer Foods (Chicago), Carr-Gottstein Foods (Alaska's largest retailer), Genuardi's Family Markets (eastern US), and Randall's Food Markets (Texas). Safeway owns grocery e-retailer GroceryWorks.com. Outside the US, Safeway owns 49% of Casa Ley, which operates about 155 food and variety stores in western Mexico
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Company Profile: Marsh & McLennan Companies (NYSE:MMC)
Marsh & McLennan Companies is is one of the world's largest insurance brokers. Through core insurance subsidiary Marsh, the company provides a broad array of insurance and risk management services; its reinsurance business is handled by subsidiary Guy Carpenter. Kroll is Marsh & McLennan's risk consulting and technology services arm. The company also owns Mercer, which provides human resources and financial consulting services to customers worldwide, and Oliver Wyman, which provides management consulting services
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Company Profile: Abbott Laboratories (NYSE:ABT)
Abbott Laboratories is one of the US's top health care products makers. The company's pharmaceuticals include HIV treatment Norvir, rheumatoid arthritis therapy Humira, and obesity drug Meridia. Its nutritional products division makes such well-known brands as Similac infant formula and the Ensure line of nutrition supplements. Abbott also makes diagnostic instruments and tests, including the FreeStyle diabetes care line, as well as vascular and ocular medical devices. Its animal health division offers wound care, nutritional supplements, and IV supplies. The company sells its products in about 130 countries through affiliates and distributors.
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Saudi Prince Sentenced to Life for Murder of Servant
"The UK's Telegraph is reporting that Saudi prince Saud Abdulaziz bin Nasser al Saud has been sentenced to life imprisonment for murdering his servant, Bandar Abdulaziz. Although the prince initially assumed, upon his arrest, that he would be granted diplomatic immunity, the British justice system did not give him special status as a member of the Saudi royal family. The royal strangled his servant after biting him on both cheeks in a violent attack that is said to have been sexual in nature. The initial beating, which occurred after a night out on Valentine's Day, was caught on tape by an elevator camera in the 5-star London hotel where the prince and his servant were staying. The Old Bailey jury convicted Saud of murder after a deliberation that lasted just one hour and 35 minutes. He was also convicted of a second count of grievous bodily harm with intent for his elevator attack. Justice Bean said to the prince during the sentencing, ''No-one in this country is above the law. It would be wrong for me to sentence you either more severely or more leniently because of your membership of the Saudi royal family.'' Saud may need to seek asylum in Britain upon completing his prison sentence instead of returning home because of the possibility of execution. In Saudi Arabia, homosexuality is a capital offense."
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Company Profile: Ecolab Inc.
The company offers cleaning, sanitation, pest-elimination, and maintenance products and services to hospitality, institutional, and industrial customers. Its institutional division is its largest, accounting for half of sales, and serves hotels, health care facilities, schools, and commercial and institutional laundries. Other divisions focus on products for textile care, water care, food and beverage, and pest control; its Kay unit provides cleaning supplies to quickservice restaurants. Ecolab makes most of its products, although it does sell some products made by other manufacturers. It does about half of its business outside the US, operating in more than 75 countries.
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Company Profile: Expeditors Intl (NASDAQ:EXPD)
Freight forwarder Expeditors International of Washington can help. As a freight forwarder, the company purchases air and ocean cargo space on a volume basis and resells that space to its customers at lower rates than they could obtain directly from the carriers. The company also acts as a customs broker for air and ocean freight shipped by its customers and offers supply chain management services. Expeditors operates from more than 250 facilities in more than 50 countries worldwide. Approximately half of the company's sales come from Asia. Customers include global businesses engaged in retailing/wholesaling, electronics, and manufacturing.
Views: 3908 TradeTheTrend
Company Profile: Fidelity National Information Services, Inc. (NYSE:FIS)
Fidelity National Information Services (FIS) provides software, outsourcing, and information technology consulting for the financial services and mortgage industries. For banks and other financial institutions, the division offers software for lending, community and wholesale banking, customer relationship management, data management, and e-business. For mortgage lenders, FIS offers billing and customer care, data and service order exchange, and mortgage servicing applications. The company focuses on providing software and services for the world's largest financial institutions; FIS' serves 14,000 customers in over 100 countries, including 40 of the world's 50 largest banks.
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Company Profile: State Street Corp (NYSE:STT)
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, foreign exchange, cash management, and securities lending, for institutional and corporate clients. Its State Street Global Advisors (SSgA) unit performs asset management services; State Street Alternative Investment Solutions combines hedge funds, private equity, and alternative risk products. Boston Financial Data Services, a joint venture with DST Systems, provides shareholder services to mutual funds and other clients
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Company Profile: Metlife Inc. (NYSE:MET)
MetLife is the US's largest life insurer; its flagship insurance subsidiary is Metropolitan Life Insurance Company. MetLife's Institutional segment offers group benefits products (life and disability insurance, dental, vision, retirement products, prepaid legal plans); its Individual segment offers consumers many of the same types of products, while its International segment offers the same to groups and individuals in the Asia/Pacific region, Europe, and Latin America. MetLife's Auto & Home segment works through subsidiary Metropolitan Property and Casualty Insurance (MPC)
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BMW Recalls 130,000 Turbo Engine Vehicles
BMW has issued a voluntary recall of approximately 130,000 vehicles equipped with twin-turbo engines. The German car manufacturer said the recall applies to models from 2007 to 2010 which "may experience a failure of the high-pressure fuel pump" that could influence engine performance. BMW said about 40,000 of the vehicles would require a new, high-pressure fuel pump. Affected models include the 2007 to 2010 335i series, the 2008 to 2010 135i, 535i and X6 xDrive35i Sports Activity Coupes and the 2009 to 2010 Z4 Roadster sDrive35i. BMW also announced a separate recall of more than 20,000 2008 X5 Sports Activity Vehicles equipped with low-pressure fuel pumps, which, if should fail, would stop the engine and lose the power assist function in steering and braking.
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Company Profile: Stryker Corp (NYSE:SYK)
Stryker's surgical products include such instruments as drills, saws, rasps, even cement mixers. The company's Orthopaedic Implants category includes artificial joints, spinal rods and screws, artificial vertebral discs, bone cement, and other orthopedic implants and supplies. The company's orthopaedic division also makes OP-1, a product to grow bone. The MedSurg Equipment segment includes facial and hand surgery instruments, endoscopy equipment, and communications and patient handling equipment. Stryker's products are marketed globally to hospitals, doctors, and other health care facilities via direct sales personnel and distributors
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News Update: Apple Inc. iPhone 4 Specs Leaked (AAPL)
Following Engadget.com's breaking news of rumors that Apple, Inc's (NASDAQ:AAPL) iPhone 4 was found lost in a bar in Redwood City, CA, specs of the hyped new phone have been listed on Gizmodo.com: a front-facing camera for potential video iChat, high resolution screen, a larger and high resolution back-facing camera with flash, a new body design, a micro SIM card instead of a regular one, and a larger battery. Apple is trading down 0.13% at $247.08.
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News Update: Best Buy's Internet Video Service Ready to Roll (NYSE:BBY)
Best Buy Co. (BBY) will start renting and selling the latest video releases over high-speed Internet connections by the end of this month. It will compete against an array of other similar services offered by Wal-Mart Stores (WMT), Amazon.com (AMZN), Netflix (NFLX), Apple (AAPL) and Blockbuster (BBI), the AP and other news outlets report. Best Buy began working on the digital delivery system late last year as part of a partnership with Sonic Solutions. The service will bear the CinemaNow brand, which Best Buy bought from Sonic Solutions for an undisclosed amount. Sonic Solutions will provide the technology for piping the video to buyers. Best Buy eventually intends to reach all the Web-connected devices sold through its more than 1,000 stores. For starters, it will be available on some Blu-ray players made by LG Electronics and some home theater packages sold by Best Buy. Next in line: Samsung's Internet-ready Blu-ray players and TVS. Rentals are expected to cost about $4 per title, while consumers who want to own will pay about $15, the AP reported.
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News Update: 'A-Team' Producer Stephen J. Cannell Dies At 69
MTVNews is reporting that legendary television producer Stephen J. Cannell died Thursday night in his Pasadena, California home after melanoma complications. He was 69 years old. Cannell, produced hits like "21 Jump Street," "The A-Team" and "The Rockford Files," for which he won an Outstanding Drama Series Emmy in 1978, despite having struggled with dyslexia in college. A family statement said, "He was surrounded by his family and loved ones. Aside from being a legendary television producer and prolific writer, Stephen was also a devoted husband, loving father and grandfather, and a loyal friend. Mr. Cannell is survived by his high school sweetheart and wife of 46 years, Marcia, their three children, Tawnia, Chelsea and Cody, and three grandchildren. Stephen was the pillar of strength within his family and he touched everyone he met. He will be most deeply missed." Aside from producing, Cannell also wrote 16 novels over the course of his lifetime and more recently graced the screen in the ABC dramedy "Castle."
Views: 5623 TradeTheTrend
Company Profile: United Parcel Service Inc B (UPS)
The ubiquitous Brown is more than chocolate-colored trucks or a plain-vanilla ground delivery business. United Parcel Service (UPS) is the world's largest package delivery company, transporting some 15 million packages and documents per business day throughout the US and to more than 200 countries and territories. Its delivery operations use a fleet of about 102,000 motor vehicles and about 500 aircraft. In addition to package delivery, the company offers services such as logistics and freight forwarding through UPS Supply Chain Solutions, and less-than-truckload (LTL) freight transportation through UPS Ground Freight. (LTL carriers combine freight from multiple shippers into a single truckload.)
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Company Profile: Xilinx Inc (XLNX)
Xilinx is a top supplier of field-programmable gate arrays and complex programmable logic devices. Customers program these integrated circuits to perform specific functions, thereby achieving greater design flexibility and cutting time to market. Xilinx also offers a broad range of design software and intellectual property used to customize its chips. The company sells to manufacturers -- including Cisco, IBM, Raytheon,Samsung, and Sony -- in the aerospace, automotive, computer, consumer electronics, medical, optical, networking, and communications markets. Xilinx has operations in Ireland, Singapore, and the US, and its sales offices operate worldwide.
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News Update: Bayer AG Receives US FDA Approval of New Erectile Dysfunction Drug
German pharmaceuticals firm Bayer AG announced Monday morning that it received U.S. Food and Drug Administration approval of its new drug Staxyn, a new formulation of the company's well-known erectile dysfunction drug, Levitra. Bayer's American marketing partners, Merck & Co, Inc. (NYSE:MRK) and GlaxoSmithKline Plc (NYSE:GSK), said they expect the drug to be available via prescription later this year. Bayer has submitted for European authorization of Staxyn and expects to gain approval this year, as well. Shares of Merck are trading up 0.17% in Monday morning trading at $35.73, as are shares of GlaxoSmithKline, which are up 0.27% at $35.58.
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Company Profile: Fluor Corp. (NYSE:FLR)
Fluor Corporation is one of the world's largest international design, engineering, and contracting firms. The company provides engineering, procurement, construction, maintenance, and project management services for a variety of industrial sectors around the world. Its projects include manufacturing facilities, refineries, pharmaceutical facilities, health care buildings, power plants, and telecommunications and transportation infrastructure. The oil and gas industry accounts for more than half of Fluor's sales. The company also provides operations and maintenance services for its projects, as well as administrative and support services to the US government.
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News Update: Joran van der Sloot Criminally Charged with Murder of Stephany Flores
Joran van der Sloot has been charged Friday with the murder of 21-year-old Peruvian business student Stephany Flores from May 30th. Judge Juan Buendia has ordered van der Sloot to be jailed on charges of murder and robbery, and said van der Sloot's actions showed "ferocity and great cruelty." The judge ordered the sentence early Friday, and penal authorities are now holding van der Sloot pending trial. Authorities said that van der Sloot took Flores to his hotel room May 30th after meeting the victim while playing poker at a local casino. He then strangled the victim, beat her face, and stole the contents of her wallet. La Republica newspaper reported that van der Sloot told police that after Flores took his laptop without permission and discovered that he was presumably involved in the disappearance of Natalee Holloway five years prior, he proceeded to break her neck. Authorities revealed that 22-year-old van der Sloot provided a full confession to the beating and murder of Flores, however, van der Sloot's attorney, Maximo Altez, spoke to the press Thursday and argued that van der Sloot's confession was void because he confessed in the presence of a police-appointed defense lawyer. Peruvian criminal chief of police, Gen. Cesar Guardia, negates Altez's remarks, citing that van der Sloot was, in fact, appointed a government defense attorney and that a Dutch translator assigned by the Dutch Embassy was also present during the interrogation and confession. Guardia commented, "The incriminatory elements were so powerful that he had to confess." The criminal police chief added that blood stains and other evidence were found on van der Sloot's clothing. A media frenzy has surrounded the case, especially after van der Sloot recently revealed that he knows the whereabouts of Natalee Holloway's body. According to reports, van der Sloot said he is willing to reveal the location of Holloway's body and divulge the events from the night the 18-year-old student from Alabama disappeared in Aruba. Head of the Peruvian national police's homicide investigation division, Miguel Canlla, said, "In the interrogation done to the Dutch citizen, he says he knew the location of the corpse of the American citizen, but that he was going to explain everything to Aruban police." van der Sloot has yet to be charged in the disappearance of Holloway, and if convicted on murder charges, he could face 15 to 35 years in prison.
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Company Profile: Spectra Energy Corp (NYSE:SE)
Spectra Energy operates about 18,900 miles of transmission pipeline and 275 billion cu. ft. of storage capacity in the US and Canada. Its units include U.S. Gas Transmission, Texas Eastern Transmission, Algonquin Gas Transmission, Union Gas, BC Pipeline Division, Natural Gas Liquids Division, and Market Hub Partners. It also has major stakes in DCP Midstream, Maritimes & Northeast Pipeline, Gulfstream Natural Gas System, and Spectra Energy Income Fund.
Views: 572 TradeTheTrend
News Update: U.S. Retail Sales Drop as Shoppers Try to Save Money
U.S. retailer sales dropped in May, leading analysts to believe that shoppers increased their savings during the employment halt and as stocks dipped. A Commerce Department report Thursday showed that consumer purchases fell 1.2%, the largest decline since September 2009, after a 0.6% gain in April that beat analyst expectations. Building-material stores were hit hard with a decline in demand, as opposed to auto dealer sales, which experienced a gain against the industry tide. Households likely capped spending due to corporate hiring restraints in May. However, discount retailers including Target Corp. (NYSE:TGT) and TJX Cos. (NYSE:TJX) did report May sales gains, leading analysts to believe that consumers are keeping an eye out for bargain-based spending. "We are not expecting particularly strong consumer spending growth for the remainder of this year," said Bank of America (NYSE:BAC) Merrill Lynch economist Neil Dutta in a letter to clients earlier this month. "Consumer spending is beginning to lag income growth." Economists expected retail sales to gain 0.2%, according to a Bloomberg survey, and overall forecasts ranged from a 0.7% downturn to a 1% increase. Shares of Target are trading down 0.34% early Friday afternoon at $53.43, as are shares of TJX, which are down 1.10% at $45.71.
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News Update: US Unemployment Rate Holds at 9.5%, 71,000 Jobs Added in June
"The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum. Nonfarm payrolls fell by 131,000 last month as the rise in private-sector employment was not enough to make up for the government jobs lost, the U.S. Labor Department said Friday. Only 71,000 private-sector jobs were added last month while 143,000 temporary workers on the 2010 census were let go. Economists polled by Dow Jones Newswires were expecting total nonfarm payrolls to drop by a smaller 60,000 in July. The June data was revised down significantly. Payrolls fell 221,000 that month, more than the 125,000 drop previously reported, as only 31,000 jobs were added in the private sector. Taking into account revisions to prior months this year, the U.S. economy added an average of less than 100,000 jobs a month in the first seven months, a level that's not strong enough to bring unemployment down. The jobless rate, which is calculated using a separate household survey, held steady at 9.5% in July. Economists were expecting it to edge higher to 9.6%."
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Company Profile: Exxon Mobil Corporation
It's not necessarily the oil standard, but Exxon Mobil is the world's largest integrated oil company (ahead of Royal Dutch Shell and BP). Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. In 2009 it reported proved reserves of 23 billion barrels of oil equivalent, as well as major holdings in oil sands through Imperial Oil. Exxon Mobil's 37 refineries in 20 countries have a throughput capacity of 6.3 million barrels per day. The company supplies refined products to almost 28,000 gas stations in 100 countries. Exxon Mobil is also a major petrochemical producer
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Company Profile: National Oilwell Varco (NYSE:NOV)
The company makes, distributes, and services oil and gas drilling equipment for land and offshore drilling rigs. Its mechanical components include drawworks, mud pumps, cranes, jacking systems, automated pipehandling tools, top drives, and traveling equipment. Other products include masts, derricks, substructures, and cranes. National Oilwell Varco operates a network of 200 distribution service centers to serve oil and gas companies around the world
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Company Profle: Federated Investors Inc. (NYSE:FII)
One of the country's largest money market fund managers, Federated Investors provides investment advisory and administrative services to more than 155 mutual funds and to separate accounts. The company's products are distributed through more than 5,300 investment advisers, financial institutions, corporations, pension funds, and government entities. Money market funds make up the majority of Federated Investors' more than $400 billion in assets under management. Chairman John Donahue and his family (including his son, president and CEO J. Christopher) own about 10% of Federated Investors, but control all of its votes.
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Company Profile: Corning Inc (NYSE:GLW)
Corning is cookin' up some great technology. Once known mainly for its kitchenware and lab products, the company designs and produces material components for five industries: display technologies (flat-screen televisions, computer monitors, laptops), environmental technologies (mobile emission control systems), telecommunications (optical fiber, cable), life sciences (biosensors for drug research), and specialty materials (semiconductors, optical sensors for aerospace and defense). More than half of Corning's sales are derived in the Asia/Pacific region, principally from Taiwan and Japan. Corning has more than 45 manufacturing and processing facilities around the world
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Company Profile: Alcoa Inc.
Alcoa is among the world's top producers of alumina (aluminum's principal ingredient, processed from bauxite) and aluminum. Its vertically integrated operations include bauxite mining, alumina refining, and aluminum smelting; primary products include alumina and its chemicals, automotive components, and sheet aluminum for beverage cans. The company's non-aluminum products include fiber-optic cables. Major markets include the aerospace, automotive, and construction industries. A truly global company, Alcoa does about half of its business in the US; it operates in more than 30 countries, with Europe and Brazil being its largest international markets.
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Company Profile: Kimco Realty Corp (NYSE:KIM)
The self-managed and self-administered real estate investment trust (REIT) owns or has interests in more than 1,900 community shopping centers -- totaling around 180 million sq. ft. of space -- in 45 states, Canada, and Central and South America. Kimco is involved in land acquisition, development of new properties, and redevelopment of existing ones with a goal of long-term investment. It also offers related real estate services, including preferred equity and mezzanine debt financing, leasing and property services, and real estate investing. Kimco properties are usually anchored by discount department stores or large supermarkets, such as Home Depot or Kohl's.
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Company Profile: Duke Energy Corporation (NYSE:DUK)
The company has 4 million electric customers and about 500,000 gas customers in the US South and Midwest. Its US Franchised Electric and Gas unit operates primarily through its Duke Energy Carolinas, Duke Energy Ohio, Duke Energy Indiana and Duke Energy Kentucky regional businesses. The company has 35,000 MW of electric generating capacity in the Midwest and the Carolinas, including 7,550 MW of commercial power generation (not counting renewables). Duke Energy International has more than 4,000 MW of generation capacity, primarily in Latin America. While it is focused on energy operations, Duke also has stakes in insurance, real estate, and telecom businesses.
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News Update: Abbott Labs Issues Voluntary Recall On Baby Powder Infant Formula Due To Beetles
Abbott Laboratories (NYSE:ABT) announced Wednesday a voluntary recall of millions of containers of its number 1 Similac powdered infant formulas after beetles were discovered in the products and in a Michigan plant where it is manufactured. The recall comes in the wake of reports from two consumers of contamination and its inspetion of an area of the plant in Sturgis, Michigan, where beetles or their larvae were discovered. The firm said "less than 5 million units" of Similac have been recalled in the United States, Guam, Puerto Rico and other Caribbean markets. Abbott spokeswoman Melissa Brotz said that all powdered product made in the factory is being recalled due to the remote possibility of contamination. She said, the firm's alternate factories will increase production of powdered Similac in order to meet demand. The company estimates the returns will cut about $100 million from its third quarter revenue, but still reaffirmed its profit forecast. SmarTrend is bullish on shares of Abbott Laboratories and our subscribers were alerted to buy on August 02, 2010 at $49.81. The stock has risen 4.5% since the alert was issued.
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Company Profile: Rockwell Collins (NYSE:COL)
Rockwell Collins, a spinoff of Rockwell Automation, makes aviation electronics and communication equipment for commercial and military aircraft. The company boasts that nearly every commercial cockpit contains something made by Rockwell Collins. It also provides flight simulation and training, MRO services, navigation, and surveillance systems. The company has two primary segments: Commercial Systems (avionics and in-flight entertainment systems for commercial aircraft) and Government Systems (airborne/ground/shipboard communication systems with military applications and overhaul services). Serving 27 countries, Rockwell Collins makes about 70% of its sales in the US
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Top 5 Companies in the Oil & Gas Drilling Industry With the Best Relative Performance
Below are the top five companies in the Oil & Gas Drilling industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Transocean (NYSE:RIG) ranks first with a gain of 10.48%; Pioneer Drilling (AMEX:PDC) ranks second with a gain of 3.24%; and Atwood Oceanics (NYSE:ATW) ranks third with a gain of 3.06%. Precision Drilling Trust (NYSE:PDS) follows with a gain of 3.06% and Rowan (NYSE:RDC) rounds out the top five with a gain of 2.35%. SmarTrend is bearish on shares of ATW and our subscribers were alerted to Sell on May 04, 2010 at $35.14. The stock has fallen 21.4% since the alert was issued.
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News Update: Pakistan accepts flood aid money from India
"Pakistan's decision to accept the $5 million donation toward flood aid from neighbor and rival India can be viewed as a move toward solidarity. However, there are also those who see it as a sign of weakness. In an interview with Indian news channel NDTV, Pakistani Foreign Minister Shah Mehmood Qureshi described the aid offer made last week as a "very welcome initiative" which the government has agreed to accept. But according to secretary general of Pakistan's 2nd largest religious party, Liagat Baloch, Pakistan should have gratefully refused the aid. He said, "In the past, when Pakistan tried to support India after their natural disasters, India never accepted. Therefore it would be better if [our government] refused the aid with a big thank you.""
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Company Profile: Time Warner Inc (TWX)
Even among media titans, this company is a giant. Time Warner is the world's third-largest media conglomerate behind Walt Disney and News Corporation, with operations spanning television, film, and publishing. Through subsidiary Turner Broadcasting, the company runs a portfolio of popular cable TV networks including CNN, TBS, and TNT. Time Warner also operates pay-TV channels HBO and Cinemax. Its Warner Bros. Entertainment, meanwhile, includes films studios (Warner Bros. Pictures, New Line Cinema), TV production units (Warner Bros. Television Group), and comic book publisher DC Entertainment. In the magazine world, venerable Time Inc. is the top publisher of consumer titles including FORTUNE, People, and Time
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Company Profile: Merck & Co., Inc. (NYSE:MRK)
Merck makes medicines for a number of ailments, from stuffy noses and asthma to hypertension and arthritis. The pharmaceutical giant's top prescription drugs include asthma medication Singulair, anti-inflammatory Remicade, hypertension fighters Cozaar and Hyzaar, and cholesterol combatants Vytorin, Zetia, and Zocor. The company also makes animal health pharmaceuticals, as well as childhood and adult vaccines for such diseases as measles, mumps, hepatitis, and shingles. Its OTC drug and personal care offerings include Claritin allergy pills and Dr. Scholl's foot care products. The company completed a reverse merger with the old Merck in 2009 and took on the Merck name.
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Company Profile: Moody's Corp. (NYSE:MCO)
The company provides credit ratings, research, credit risk management, and other services through its two primary segments, Moody's Investor Services and Moody's Analytics. Moody's Investor Services published credit ratings on more than 100,000 commercial and government entities in some 110 countries around the world. Moody's Analytics, the cornerstone of which is Moody's KMV, sells credit risk management software and provides portfolio management and training services for financial institutions. The company's famous letter ratings (ranging from "Aaa" to "C") were invented by John Moody in 1909 and are still used today
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Company Profile: United States Steel Corp (X)
Steel crazy after all these years, Pittsburgh-based United States Steel is the nation's #2 integrated steelmaker (behind ArcelorMittal). The company operates mills throughout the Midwest in the US; in Ontario, Canada; and in Serbia and Slovakia. U.S. Steel makes sheet and semifinished steel, tubular and plate steel, and tin products; its annual production capacity is more than 30 million tons of raw steel. (Though it's actual production rate is less than that.) The company's customers are primarily in the automotive, construction, chemical, and steel service center industries. In addition, U.S. Steel offers services such as mineral resource management and engineering and consulting
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Company Profile: Sysco Corp. (SYY)
SYSCO is the #1 foodservice supplier in North America, serving about 400,000 customers through more than 180 distribution centers in the US and Canada. Its core broadline distribution business supplies food and non-food products to restaurants, schools, hotels, health care institutions, and other foodservice customers, while its SYGMA Network focuses on supplying chain restaurants. SYSCO distributes both nationally branded products and its own private-label goods. In addition, SYSCO supplies customers with specialty produce and meat products, and it distributes kitchen equipment and supplies for the hospitality industry
Views: 4017 TradeTheTrend