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India's Richest Man Mukesh Ambani Moves Into 630 Million GBP Home
 
01:07
"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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News Update- New Habitable Planet Discovered 9-30
 
01:16
Scientists have discovered six planets near a red dwarf star called Gliese 581, one of which is potentially habitable, reports io9.com Thursday. The six planets are orbiting the red dwarf star and the one potentially habitable planet, Gliese 581g, is "tidally locked" so one of its sides is always facing the sun, while the other is always facing darkness. The planet, found by astronomers at the University of California, Santa Cruz, and the Carnegie Institution of Washington, is orbiting in the middle of the "habitable zone" of the red dwarf star Gliese 581, which means it could have water on its surface. Liquid water and an atmosphere are necessary for a planet to possibly sustain life, even though, according to scientists, it might not be a great place to live. Steven Vogt, a professor of astronomy and astrophysics at UC Santa Cruz and one of the leaders of the team, said "This is the first really solid discovery of a potentially habitable planet. The fact that we were able to detect this planet so quickly and so nearby tells us that planets like this must be really common."
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News Update: Brittanee Drexel, Missing Teen Featured on 'Disappeared'
 
01:15
"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: California School Bullied Seth Walsh Passes Following Suicide Attempt
 
01:05
Seth Walsh, a 13-year old from Tehachapi, California, took his own life because of bullying at his school that went unaddressed. According to a report from KGET-TV, Walsh died Tuesday afternoon after spending nine days on life support after having hung himself from a tree in his back yard. Students at the school acknowledged that Walsh had received the brunt end of bullying for a long period of time for being gay, and that teachers at Jacobsen Middle School didn't intervene despite having an anti-bullying program at the school. Police said there would be no charges in the death of Walsh. KGET reported, ""Tehachapi police investigators interviewed some of the young people who taunted Seth the day he hanged himself and determined despite the tragic outcome of their ridicule, their actions do not constitute a crime.
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News Update: 'A-Team' Producer Stephen J. Cannell Dies At 69
 
01:14
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."
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NASA Finds New Life Form on Earth
 
01:35
"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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BMW Recalls 130,000 Turbo Engine Vehicles
 
01:16
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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News Update: Tata Motors Will Sell World's Cheapest Car, The Nano, Outside Of India
 
01:34
Tata Motors (NYSE:TTM), the India-based owner of Jaguar and Land Rover, is planning to sell the world's cheapest car, the $2,500 Nano, outside of India, according to reports. Tata, which swung back to a profit during the last fiscal year, plans to sell the Nano in Latin America, Africa and Southeast Asia, the company said. Tata Motors spends on average 30 billion rupees ($641 million USD) per year on new products and plants, Chairman Ratan Tata said at the company's annual general meeting today, responding to a shareholder question. Tata, who has pressured the company to think "out of the box" in order to boost sales, said the company may also start offering varying versions of the larger three-cylinder ppetrol engine and consider vehicles that run on alternative fuels like natural gas. Earlier this year Tata opened a dedicated plant to manufacturer the Nano in Sanand, Gujarat, with a capacity to build 250,000 cars per year. SmarTrend is bullish on shares of Tata Motors and our subscribers were alerted to buy on June 14, 2010 at $17.41. The stock has risen 25.5% since the alert was issued.
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Company Profile: Morgan Stanley (NYSE:MS)
 
01:07
The company operates in three primary business segments: institutional securities (capital raising, corporate lending, financial advisory services for corporate and institutional investors); global wealth management group (brokerage and investment advisory services, financial planning for individual investors and businesses); and asset management (asset management services and products including alternative investments, equity, fixed income; merchant banking; investment activities). It also owns mutual fund firm Van Kampen. Morgan Stanley has more than $750 billion in assets under management
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News Update: Lebron James To Announce His Decision on Thursday
 
01:49
LeBron reportedly to announce decision Thursday in primetime - The biggest prize in NBA free agency, LeBron James, is expected to announce his decision regarding which team he'll play for next during a prime-time television special Thursday night. Sources told ESPN's Chris Broussard that James would announce his decision live on the cable network during a 9 p.m. (et) special. The reigning two-time MVP has met at his business offices in downtown Cleveland with six teams, including his hometown Cavaliers. The Chicago Bulls, New York Knicks, Miami Heat, Los Angeles Clippers and New Jersey Nets are the others in the running for James' services. He joined the online social media world on Tuesday when he joined Twitter, but as of late night he had posted just one message welcoming people to his page. Yet, as of 11 p.m. he already had over 185,000 followers. The 25-year-old James has played for the Cavs his entire seven-year career and stands to make more money playing for his hometown team should be accept a max deal. The Cavaliers can likely offer James a six-year, $125.5 million contract, while other teams can give him a maximum of five years and $96.1 million. Dwyane Wade and Chris Bosh, other prominent All-Stars, have yet to tip their hand as to which team they will choose once the free-agent signing moratorium is lifted on Thursday. Rumors were swirling that James wanted Bosh to join him on the Cavs, but Bosh didn't want to accept a sign-and-trade offer from Toronto to play in Cleveland. James, who was second in the league at 29.7 points per game last season, also averaged 8.6 assists and 7.3 rebounds.
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Caught On Tape: Angry McDonalds Customer Rages Over Lack Of Chicken McNuggets
 
01:11
"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. "
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News Update: Ford recalls Windstar Van
 
01:18
The AP reports that Ford is recalling it's older model Windstar van in the United States and Canada. They cite concerns over rear axles, which could corrode and potentially break. The model years in question are from 1998 to 2003 sold or registered in states where the use of large amounts of road salt could cause corrosion. This includes Canada -- as well as New England, the Mid Atlantic states, and the Great Lakes region. The AP reports that The National Highway Traffic Safety Administration began its investigation in May "after receiving 234 Windstar driver complaints of rear axle problems." Two crashes were reported, and one driver indicated that "the axle snapped in half after hitting a pothole, causing the tires to blow and vehicle to strike a guard rail." Ford will begin to notify owners starting September 27, according to documents filed Thursday with the The National Highway Traffic Safety Administration. It further stated that repairs would be made at no cost to owners. Shares in Ford rose 33 cents, or 3 percent at $11.50 in morning trading.
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Saudi Prince Sentenced to Life for Murder of Servant
 
01:30
"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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News Update: Steve Jobs Issues Letter Giving Adobe's Flash The Heisman
 
02:43
Steve Jobs recently published a letter, called "Thoughts on Flash" regarding Apple's (NASDAQ:AAPL) relationship, or lack thereof, with Adobe (NASDAQ:ADBE), explaining why Apple doesn't allow Flash on its products. Steve Jobs first said that Apple and Adobe had initially been in business together, during Adobe's "proverbial garage." According to Jobs, Apple had a 20% interest in the company and they worked "closely" together to pioneer products like desktop publishing. However, when Apple went through its "near death experience," Adobe was drawn towards the corporate market. After discussing their history, Jobs outlined six reasons why they don't use Adobe's Flash. First, Jobs said Adobe's products are proprietary and closed, and Apple "strongly believes that all standards pertaining to the web should be open." Second, Jobs said that while Adobe holds Apple mobile devices cannot access "the full web" because 75% of video on the web is Flash, they don't say it is also available in a more modern format, H. 264, and viewable on iPhones, iPods and iPads. Third, there's "reliability and security and performance" in Apple's platform, citing Symantec's recent study as saying Flash as having one of the worst security records in 2009. Fourth, regarding battery life, Adobe's decoding eats too much battery life, Jobs says. Fifth, "there's Touch," which Jobs says Flash was designed for PCs using mice, not for touch screens. Jobs' concluded with the following statement; "Flash was created during the PC era - for PCs and mice. Flash is a successful business for Adobe, and we can understand why they want to push it beyond PCs. But the mobile era is about low power devices, touch interfaces and open web standards - all areas where Flash falls short." "The avalanche of media outlets offering their content for Apple's mobile devices demonstrates that Flash is no longer necessary to watch video or consume any kind of web content. And the 200,000 apps on Apple's App Store proves that Flash isn't necessary for tens of thousands of developers to create graphically rich applications, including games." "New open standards created in the mobile era, such as HTML5, will win on mobile devices (and PCs too). Perhaps Adobe should focus more on creating great HTML5 tools for the future, and less on criticizing Apple for leaving the past behind."
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Top 5 Companies in the Oil & Gas Drilling Industry With the Best Relative Performance
 
01:09
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: Jimmy Dean dies at 81
 
00:41
Jimmy Dean, country music legend and sausage man, died this past Sunday, on June 13th. He was 81. Dean was most known for his hit song "Big Bad John", as well as for his Jimmy Dean sausage business, which he sold to the Sara Lee Corporation in 1984. Dean's wife, Donna Meade Dean, said her husband had some health problems but was relatively well, so his death was a shock.
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News Update: Justice Department Opened Criminal Investigation Of Goldman Sachs
 
00:57
The Justice Department has opened a criminal investigation of Goldman Sachs (NYSE:GS) over mortgage securities deals it arranged. The criminal inquiry follows civil fraud charges filed by the government against Goldman two weeks ago and as Congress continues to push toward enacting an overhaul of financial regulation. The probe stems from a criminal referral by the SEC, according to a source familiar with the matter. A spokesman from the SEC declined to comment, as did a spokeswoman from the U.S. attorney's office in Manhattan. Goldman's spokesman Lucas van Praag said, Given the recent focus on the firm, we're not surprised by the report of an inquiry. We would cooperate fully with any request for information."
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Company Profile: Exxon Mobil Corporation
 
01:05
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: Starbucks Corp (NASDAQ:SBUX)
 
01:03
The world's #1 specialty coffee retailer, Starbucks has more than 16,600 coffee shops in about 40 countries. The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas. Starbucks operates more than 8,800 of its shops, which are located in about 10 countries (mostly in the US), while licensees and franchisees operate more than 7,800 units worldwide (primarily in shopping centers and airports). The company also owns the Seattle's Best Coffee and Torrefazione Italia coffee brands. In addition, Starbucks markets its coffee through grocery stores and licenses its brand for other food and beverage products
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News Update: Apple Inc. CEO Stopped At Airport for Hoarding Ninja Stars
 
01:27
Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs refuses to return to Japan after Kansai International Airport authorities prohibited him from taking ninja stars on board his private plane, reports Bloomberg Tuesday, citing SPA! magazine. Jobs was en route to the US after a family vacation in Kyoto, when a security scan at the airport detected the ninja throwing stars, or shurikens, inside Jobs' carry-on luggage. Jobs reportedly told airport authorities that it didn't make sense for him to use the ninja stars to hijack his own plane. Officials did not listen to Jobs' argument and, as a result, the CEO said he refuses to return to Japan again. According to Takeshi Uno, Kansai International Airport's spokesman, the same security rules apply for both public and private aircrafts. However, according to an Apple spokesperson, although Jobs did visit Japan, the incident is "pure fiction." SmarTrend is bullish on shares of Apple and our subscribers were alerted to buy on September 08, 2010 at $261.75. The stock has risen 2.4% since the alert was issued. Shares of Apple are trading up 0.50% at $268.38.
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Company Profile: IntercontinentalExchange (NYSE:ICE)
 
00:54
IntercontinentalExchange provides an online marketplace for global commodity trading, primarily of electricity, natural gas, crude oil, refined petroleum products, precious metals, and weather and emission credits. It manages two global OTC markets and three regulated futures exchanges. The company owns the ICE Futures Europe, a leading European energy futures and options platform. ICE Data provides real-time, daily, and historical market data reports. ICE is based in Atlanta and has regional offices in Calgary, Chicago, Houston, London, New York, Singapore, and Winnipeg
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Dell's Inspiron Duo Netbook-Tablet Hybrid Available for Pre-Order
 
01:15
"Dell Inc. (NASDAQ:DELL) unveiled its Inspiron Duo convertible tablet on Tuesday - a netbook-tablet hybrid. The device is equipped with a full keyboard and dock, as well as a flip-hinge, which unlocks the netbook into a fully-functioning tablet. Dell spokesman Sam Burd said, ""Dell is changing the shape of computing, with products that usher in new experiences and allow people to stay connected to each other and the content they love from almost anywhere, The new Inspiron duo's dual purpose delivers one-touch access to great content and yet offers the functionality of a full keyboard for more intensive applications. We're excited to offer such an innovative and unique design to our customers."" Engadget reports that the Inspiron Duo, which has a 10.1-inch display screen and runs on Microsoft's (MSFT) Windows 7 Home Premium OS, is now available for pre-order on Dell's website. The netbook-tablet costs $549, or $649 with an optional dock attachment, and pre-order customers in the U.S. will receive the device in mid-December. The Inspiron Duo also runs on Wi-Fi, and has Bluetooth and 4G connectivity."
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Company Profile: National Oilwell Varco (NYSE:NOV)
 
00:49
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 Profile: Fidelity National Information Services, Inc. (NYSE:FIS)
 
01:01
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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News Update: EC Approves Amgen, Inc's Bone Loss Treatment (AMGN)
 
01:15
Amgen, Inc. (NASDAQ:AMGN) said Friday that marketing for its Prolia osteoporosis treatment was approved by the European Commission (EC). The EC's approval of Prolia marks it as the first worldwide approval of the product so far, and the treatment has been approved for distribution to all 27 European Union member states, as well as Norway, Iceland and Liechtenstein. "The European approval of Prolia is a significant medical [advancement] for patients with bone loss conditions," said Amgen's senior vice president and international chief medical officer Will Dere. "In particular, we believe that Prolia will offer patients with postmenopausal osteoporosis at increased risk for fracture an important alternative to current treatments. Prolia reduces the risk of fracture through a convenient injection given every six months. Amgen is proud to make this new treatment available to physicians and their patients." Along with benefitting postmenopausal osteoporosis patients, Prolia is also used to treat bone loss from hormone ablation in men with prostate cancer. Shares of Amgen are trading up 0.33% at $51.60 Friday morning.
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Company Profile: Expeditors Intl (NASDAQ:EXPD)
 
00:53
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.
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Company Profile: Cintas Corp. (NASDAQ: CTAS)
 
01:06
Cintas, the#1 uniform supplier in the US has about 800,000 clients (Delta Air Lines, DHL) and some 5 million people wear its garb each day. Cintas -- which sells, leases, and rents uniforms -- operates about 415 facilities across the US and Canada; it leases about half of them. Besides offering shirts, jackets, slacks, and footwear, the company provides clean room apparel and flame-resistant clothing. Other products offered by Cintas include uniform cleaning, first-aid and safety products, clean room supplies, and document handling and storage. CEO Scott Farmer owns about 10% of the firm. His father, Richard, founded the company in 1968.
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Nike's "Write the Future" World Cup Ad Campaign Creating Online Buzz for the "Unofficial Sponsor"
 
02:14
The 2010 FIFA World Cup commenced with a bang Friday in South Africa, with over 84,000 soccer fans cheering on the kickoff match between Mexico and host-nation South Africa, who ended the game with a 1 to1 tie. "We couldn't have asked for more. A capacity stadium, a host nation with a will to win, and an incredible atmosphere..." said 2010 FIFA World Cup Organizing Committee CEO Danny Jordaan. "It's just fantastic that the first goal of Africa's first World Cup went to South Africa, we really couldn't have written a better script." Marketing for this year's World Cup has been most famously headed by Nike, Inc. (NYSE:NKE), which created further buzz for the event among fans and advertising professionals through its "Write the Future" campaign, edging itself ahead of official World Cup sponsors like Adidas and Coca-Cola (NASDAQ:COKE). The "Write the Future" campaign is Nike's latest TV ad spot composed by writer-director Alejandro Gonzales Inarritu, and features famed soccer players including Wayne Rooney and Cristiano Ronaldo; Roger Federer and even Homer Simpson make guest appearances in the three-minute-long spot. The ad follows the successes and failures of players during a match, while showing flashes of their futures, and analysts say the ad has built an epic online following and buzz for Nike. A recent Nielsen study of blogs, message boards and social networking sites has found that Nike has been able to create a notably larger "online buzz" through the ad, associating the company more closely to the World Cup than competing brands. Though the company is not an official World Cup sponsor, Nike "had more than twice as many references in relation to the World Cup than official sponsor Adidas," the Guardian reports. Adidas held the second highest rank for mentions, and official sponsors Coca-Cola, Sony Corp. (NYSE:SNE), and Visa Inc. (NYSE:V) filled out the remaining slots, according to the study. Nielsen executive vice president of digital strategy Pete Balackshaw said, "This study shows that compelling, savvy marketing can establish this sort of connection in the eyes of consumers without having to write that expensive sponsorship check." Shares of Nike are trading up 0.56% Friday afternoon at $72.15.
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News Update: Pioneer Natural Resources Lower Despite $1.36B Reliance Investment for Shale Gas
 
01:02
Jun 24, 2010 -- Pioneer Natural Resources Co. (PXD) is falling in morning trade even as India's Reliance Industries (RELI) announced it will invest $1.36 billion in Pioneer's U.S. shale gas asets. Under the deal, Reliance will pay $263 million in cash for a 45% stake in Pioneer's Eagle Fod shale acreage in south Texas. Reliance will also contribute $1.05 billion in drilling costs over the next four years. Shares in the Irving, Texas-based Pioneer opened at $66.00, and have traded between $21.77 and $74.00 over the past 12 months. Companies: Pioneer Natural Resources Co. Price: 65.02 Price Change: -2.17 Percent Change: -3.23
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Technical Analysis: Top 5 Companies in the Tobacco Industry
 
01:05
Below are the top five most-efficient companies in the Tobacco industry as ranked by Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity of companies in the same industry. Vector Group (NYSE:VGR) ranks first with an RPE of $2.07M; Altria Group (NYSE:MO) ranks second with an RPE of $1.7M; and Lorillard (NYSE:LO) ranks third with an RPE of $1.42M. Reynolds American (NYSE:RAI) follows with an RPE of $1.33M and Alliance One International (NYSE:AOI) rounds out the top five with an RPE of $0.51M. SmarTrend is bullish on shares of MO and our subscribers were alerted to Buy on March 11, 2009 at $16.48. The stock has risen 29.2% since the alert was issued.
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Company Profile: State Street Corp (NYSE:STT)
 
00:53
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: AT&T
 
01:06
Through its subsidiaries, affiliates, and operating companies, holding company AT&T is the industry-leading provider of wireline voice communications services in the US. Customers in 22 states use AT&T-branded telephone, Internet, VoIP, and digital video services; key markets include California, Illinois, and Texas. The company's corporate, government, and public sector clients use its extensive range of conferencing, data networking, managed network, and wholesale communications services. Subsidiary AT&T Mobility is the nation's second largest wireless carrier by both sales and subscriptions (after Verizon Wireless). It provides mobile voice and data services to about 77 million subscribers.
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Company Profile: Micron Technology Inc. (NYSE:MU)
 
00:56
the company is one of the largest memory chip makers in the world. It makes dynamic random-access memory (DRAM) chips, flash memory chips, and memory modules. The company sells to customers in networking, consumer electronics, and telecommunications, but the bulk of its sales are in the computer market. Micron sells to OEMs and retailers directly and through distributors. Intel and Hewlett-Packard are leading customers. Micron has manufacturing plants in China, Italy, Japan, Puerto Rico, Singapore, and the US. About two-thirds of sales come from the Asia/Pacific region
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Company Profile: Fluor Corp. (NYSE:FLR)
 
00:56
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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Company Profile: Abbott Laboratories (NYSE:ABT)
 
01:03
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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News Update: Microsoft Corp. and VirnetX Holding Corp. Reach Settlement in Patent Infringement Cases
 
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Microsoft Corp. (NASDAQ:MSFT) and VirnetX Holding Corp. (AMEX:VHC) announced today that the patent infringement cases brought on by VirnetX have been settled, with both lawsuits being dismissed. In the settlement, Microsoft takes license to VirnetX patents for Microsoft products and the company will pay VirnetX a one-time fee of $200 million. Further settlement details have not been disclosed. "This agreement highlights the need for VirnetX's Secure Domain Name Initiative, and we believe that this successful resolution of our litigation with Microsoft will allow us to focus on the upcoming pilot system that will showcase VirnetX's automatic Virtual Private Network technology," said VirnetX CEO and chairman Kendall Larsen. "We look forward to our continued work with our Secure Domain Name Initiative partners in that effort." Microsoft's corporate vice president and deputy general counsel Tom Burt added, "We are pleased to work with VirnetX to bring these cases to a successful resolution through this settlement. We look forward to VirnetX's continued progress as it develops its technologies." Shares of Microsoft are trading down 0.73% at $28.79.
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Company Profile: Torchmark Corp (TMK)
 
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Torchmark aims to be a beacon in the world of insurance. It is the holding company for a family of firms; its member companies specialize in lower-end individual life insurance, supplemental health insurance, and annuities. Torchmark subsidiaries, which include flagship Liberty National Life, offer annuities, whole and term life insurance, health insurance, accidental death insurance, Medicare supplements, and long-term care health policies for the elderly. Its American Income Life sells life insurance policies to labor union members. Torchmark sells its products through direct marketing, as well as a network of exclusive and independent agents
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Chemical Bisphenol-A Found to Decrease Sperm Quality
 
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"The UK's Telegraph is reporting that Bisphenol-A (BPA), a chemical widely used to make containers harder and watertight and commonly found in food and beverage containers, cell phone casings and electronics, has been found to have an influence on male impotence and decreased sperm quality. The Kaiser Permanente research center 5-year study of 514 workers in Chinese factories found that men with higher urine and blood BPA levels were two to four times more likely to have poor semen quality, defined here as low sperm concentration, vitality and mobility. Earlier studies have linked the substance to low sex drive, impotence and DNA damage in sperm. The new study does not just indicate that higher levels of BPA in a person's system inversely affect sperm quality, but also that even lower-than-average levels of the substance can have adverse effects. BPA has already been banned in Canada and three US states and most manufacturers are phasing out the use of BPA in products, however, older products containing the substance, such as baby bottles, are still on the market. The FDA supports the removal of the chemical from products and has stated concerns regarding the impact it has on babies and young children."
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Company Profile: Marsh & McLennan Companies (NYSE:MMC)
 
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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: Ecolab Inc.
 
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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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News Update: U.S. apologizes for syphilis experiment on Guatemalan prisoners
 
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"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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Company Profile: KImberly-Clark (NYSE:KMB)
 
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. It operates under four business segments: personal care, consumer tissue, K-C Professional, and health care. Under brand names such as Cottonelle, Kleenex, and Scott, Kimberly-Clark makes facial and bathroom tissues, paper towels, and other household items. Its personal care products include Huggies, Kotex, and Depend. The company also makes WypAll and Kimwipes commercial wipes. It spun off its paper (Neenah Paper, Technical Paper), pulp, and timber operations to create Neenah Paper. The firm kicked off a multiyear reorganization in 2005 and bought Germany's Microcuff GmbH.
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News Update: Kellogg Co. to Drop Rice Krispies Ad Claims (NYSE:K)
 
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The Federal Trade Commission (FTC) announced Thursday that Kellogg Co. (NYSE:K) will drop its advertising claims that Rice Krispies cereal strengthens children's immune systems. The Rice Krispies claim stems from a July 2009 ad campaign boasting the cereal's ability to bolster immunity in children. In 2009, Kellogg agreed to drop similar advertising claims for Frosted Mini Wheats that said the cereal was "clinically shown to improve kids' attentiveness by nearly 20%." FTC chairman Jon Leibowitz and commissioner Julie Brill wrote in a statement: "What is particularly disconcerting to us is that at the same time that Kellogg was making promises to the commission regarding Frosted Mini-Wheats, the company was preparing to make problematic claims about Rice Krispies." Kellogg's 2009 sales reached $13 billion across 180 countries, and the company's products include cereals, cookies, toaster pastries, cereal bars, and more. Brands under the company include Keebler, Nutri-Grain, Famous Amos, and others. Shares of Kellogg are trading up .20% Thursday afternoon at $55.05.
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Company Profile: VF Corp (VFC)
 
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V.F. Corporation is the name behind the names. The #1 jeans maker worldwide boasts a bevy of brands, such as Lee, Riders, Rustler, and Wrangler jeans. Its other holdings include JanSport and Eastpak (backpacks); Lee (knitwear); The North Face and Eagle Creek (outdoor gear/apparel); Red Kap and Bulwark (industrial work clothes); Nautica and John Varvatos (men's and women's apparel); and Vans (hip footwear). V.F. operates about 700 retail stores under such banners as The North Face and Vans. It entered the premium-jeans niche in 2007 with 7 For All Mankind and Lucy jeans. V.F. makes NASCAR, MLB, NFL, and NBA apparel under license. Trusts established by founder John Barbey control about 20% of its shares.
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Company Profile: General Dynamics (NYSE:GD)
 
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The company is one of the Pentagon's largest prime contractors; the US government accounts for over 70% of sales. General Dynamics operates in four areas: Information Systems & Technology (IS&T; information technology and collection, command and control systems); Marine Systems (warships, commercial tankers, nuclear submarines); Combat Systems (tanks, amphibious assault vehicles, munitions, ammunition/ordnance, chemical and biohazard detection products); and Aerospace (designs/manufactures business jets, aircraft refurbishment), which is comprised of Gulfstream Aerospace, Jet Aviation, and General Dynamics Aviation Services.
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News Update: Tranexamic Acid Could Save Thousands
 
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A cheap drug that can stop bleeding in recently injured accident patients could potentially save the lives of tens of thousands worldwide, a new study says. Researchers studied the effects of tranexamic acid, or TXA, in more than 10,000 adult trauma patients in 40 countries who received the drug within 8 hours of being injured. They compared those patients' outcomes to more than 10,000 accident victims who got a placebo treatment. The study was published online Tuesday in the medical journal Lancet. Doctors found that patients who got TXA had a 15 percent lower chance of dying from a hemorrhage than those who didn't get it. They also had a 10 percent lower chance of dying from any other cause, including organ failure and a head injury, versus patients who didn't receive TXA. The study was paid for by the British government. The drug is commonly used in wealthy countries during elective surgeries to stop bleeding, but isn't prescribed for accident victims. TXA is off-patent and manufactured generically by many companies. It costs about 3 pounds ($4.50) per gram, and a typical dose is two grams. It is usually given via an injection and would be relatively easy to introduce, even in poor countries, experts said. "This is one of the cheapest ways ever to save a life," said Ian Roberts, a professor of epidemiology at the London School of Hygiene and Tropical Medicine and one of the study's main investigators.
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News Update: Kenyan Polygamist With 100 Wives Dies
 
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A Kenyan polygamist known for marrying 100 wives died this week following a short illness, according to a CNN report, which cited the nation's state media. Ancentus Akuku, nicknamed "Danger," had almost 160 children, according to the Kenya Broadcasting Corp. He built a church and school for his large family in the town of Kisumu. Akuku admitted that the size of his extended family made it impossible to keep track of them. Akuku married his first wife in 1939 and his last wife in 1992.
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Company Profile: Host Hotels & Resorts Inc . (NYSE:HST)
 
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Host Hotels & Resorts is the largest hotel real estate investment trust (REIT) in the US, owns some 115 luxury and upscale hotels in North America, South America, and Europe. Most of its hotels operate under the Marriott and Ritz-Carlton brands and are managed by sister firm Marriott International. Other brands include Four Seasons and Hyatt. To maintain its REIT status, the company operates through majority-owned Host LP. All properties are leased to management firms. Host Hotels holds interests in several partnerships, including its leasehold interest in 53 Courtyard by Marriott hotels and a 49% stake in Tiburon Golf Ventures, which operates a golf course in Florida.
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Frontier Airlines CEO Goes "Undercover Boss" To Better Understand Company
 
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"Denver-based Frontier Airlines CEO Bryan K Bedford, who earns a total of $1.4 million in annual compensation and leads the firm with 11,000 employees, appeared on the CBS reality TV series ""Undercover Boss"" Sunday night. The bald executive disguised himself in order to go undercover and learn about how his business was operating from the point of a view of a customer. He wore a black toupee, stopped shaving and turned in his suit and tie for blue collar clothes. He joined the company under the pretense that he was competing for a position and HR wanted to see how he compared in a real job situation. His alter ego, Richard Jacobs, cleaned several of the 165 arriving Frontier flights at Denver International Airport (DEN), working with a supervisor called Sue. His job included scrubbing toilets, picking up trash, and cleaning vomit from the aisle of a jet. His second job was to work as a ""Cross Utilization Agent"" which is a fancy term for a jack of all trades position that includes loading and unloading baggage. The third job was a flight attendant trainee assigned a flight from Denver to San Diego, of which he was given a so-so rating."
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Company Profile: Stryker Corp (NYSE:SYK)
 
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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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