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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: 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: 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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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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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: '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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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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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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News Update: Nintendo 3DS & More Unveiled at E3 2010 (DIS,AAPL)
 
02:42
Day 2 of the annual Electronic Entertainment Expo trade show, or E3 2010, continued Tuesday morning at the Los Angeles Convention center, with gaming big-names like Nintendo bringing their latest creations to the stage. Nintendo North America's president and CEO Reggie Fils-Aime presented on behalf of the company at the Nokia Theater this afternoon, revealing new wireless Wii motion controls for the game Zelda, as well as Mario Sports Mix, which is set to release in 2011. "Last year, you heard a rumor that Wii momentum was starting the wane," Fils Aime commented. "Then we set a record last year for the most sales of a single system in a single month. You heard that Wii owners don't buy games, but more Wii games have been bought than for any other system. More consumers intend to buy a Wii in the next six months than the other two systems combined." Nintendo introduced Wii Party mini-games; Just Dance 2, which is set to release in fall of 2010 with over 40 new tracks and dance moves, and will allow for up to eight-player gaming; Golden Sun: Dark Dawn for Nintendo DS; GoldenEye for Wii, set to hit stores during the holiday season; Metroid, which will release August 31st; Donkey Kong Country Returns, due out this holiday season; and more. Warren Spector and Adam Creighton from Walt Disney Co. (NYSE:DIS) also took the stage to unveil Disney Epic Mickey, a new side-scrolling 3D game with 2D animated cut-away scenes from classic Disney characters. One of Nintendo's most-anticipated announcements was its Nintendo 3DS - "A solution that lets you take 3D with you wherever you go, with ample game content at the outset, and best of all: no glasses," explained Fils Aime. The Nintendo 3DS is equipped with two screens (one of which is 3.5 inches widescreen), a bottom touch screen like the original DS, improved hardware graphics, a slide pad for analog control, an accelerometer, a two-lens camera on the inside that can take 3D pictures, and a gyroscope like Apple Inc's (NASDAQ:AAPL) new iPhone 4. Users can also watch 3D movies on the gaming system. "We at Nintendo have launched many hardware systems, but we think we'll enjoy the biggest software support ever... over course, we're working on our own titles at Nintendo," said Nintendo's head engineer Shigeru Miyamoto. Shares of Disney are trading up 3.09% Tuesday afternoon at $34.98, as are shares of Apple, which are up 1.61% at $258.37.
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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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NBA Update: Shaquille O'Neal Signs with Boston Celtics
 
01:07
"Shaquille O'Neal has decided to join the Boston Celtics, according to sources with knowledge of the situation. He is expected to tell the team of his intentions Wednesday morning. The length of the contract is not known, but O'Neal, who has been seeking a two-year deal, will play for the veteran's minimum of $1.4 million annually. Celtics coach Doc Rivers began pursuing O'Neal last month when the two met in Orlando. Boston and the Atlanta Hawks were the two clubs most interested in O'Neal, and sources say O'Neal chose the Celtics because he believes they have a better chance of winning what would be his fifth NBA championship. O'Neal, 38, averaged 12 points and 6.7 rebounds last season for the Cleveland Cavaliers. In the Cavs' six-game loss to Boston in the Eastern Conference semifinals, he averaged 13.5 points and 5 rebounds in 23 minutes a game."
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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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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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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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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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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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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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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: Novartis Loses Gender Discrimination Lawsuit
 
01:25
Novartis Pharmaceuticals Corp, a U.S. unit of Novartis AG (NYSE:NVS), owes up to $285 million in punitive damages to around a dozen current and former female employees, after a Manhattan jury found the drugmaker guilty of gender discrimination. The women claimed that they were underpaid, overlooked for promotions and forced to operate in hostile work environments, especially after they became pregnant. One woman testified that her male manager requested she get an abortion and another woman claimed she had been ousted from professional and social company gatherings. The same woman also admitted that her male co-workers often times took doctors to strip clubs, and that complaints to the human resources department were overlooked. "Justice demands that you punish Novartis for its conduct," said attorney David Sanford. He added that Novartis needs to stop "padding its profits by systematically underpaying its female employees." The jury ruled that Novartis should pay punitive damages between $190 million and $285 million, which accounts for roughly 2 to 3% of the company's 2009 revenue of $9.5 billion. Twelve of the women who testified were awarded $3.3 million in compensating damages. Shares of Novartis AG are trading down 1.40% at $46.44.
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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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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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News Update: Larry King Ends Nightly Talk Show After 25 Years (TWX)
 
01:39
25-year veteran talk show host Larry King said Tuesday that he plans to leave his "Larry King Live" television series on CNN, owned by Time Warner Inc. (NYSE:TWX). The 76-year-old announced the decision on his blog: "I want to share some personal news with you," King wrote. "[25] years ago, I sat across this table from New York Governor Mario Cuomo for the first broadcast of "Larry King Live." Now, decades later, I talked to the guys here at CNN and I told them I would like to end "Larry King Live," the nightly show, this fall and CNN has graciously accepted, giving me more time for my wife and I to get to the kids' little league games. "I'm incredibly proud that we recently made the Guinness Book of World Records for having the longest-running show with the same host in the same time slot. With this chapter closing I'm looking forward to the future and what my next chapter will bring, but for now it's time to hang up my nightly suspenders." King has interviewed politicians, activists and newsmakers on the popular show, as well as the more recent slate of pop stars and celebrities. CNN US president Jon Klein commented on the nightly talk show staple's decision: "He will end his run with "Larry King Live" on his own terms, sometime this fall. Larry is a beloved member of the CNN family and will continue to contribute to our air with periodic specials."
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Company Profile: SUPERVALU Inc. (SVU)
 
01:01
SUPERVALU grew substantially following the acquisition of more than 1,100 supermarkets from fallen grocery giant Albertsons. Its 2006 purchase of the Albertsons' stores catapulted the chain to second place in the traditional grocery retail market (behind Kroger) with about 2,380 stores in some 40 US states. The deal added half a dozen new banners, including Albertsons, Acme Markets, and Shaw's, to SUPERVALU's store roster (which includes Shoppers Food & Pharmacy, Cub Foods, Shop 'n Save). SUPERVALU also bought Albertsons' in-store pharmacy operations. The company is also one of the nation's largest food wholesalers, supplying some 1,920 grocery stores nationwide with brand-name and private-label goods
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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: Biogen Idec Inc. CEO & COO to Retire, Company Announces Changes in Management (BIIB)
 
01:48
Global biotechnology firm Biogen Idec Inc. (NASDAQ:BIIB) announced management changes Tuesday morning, including the retirement of its president, CEO and director, James C. Mullen, who will retire from his position on June 8th. The company's board of directors said they are in the final stages of picking a new CEO and will announce the new team member in the weeks ahead. During the interim period, Biogen Idec's senior leadership will report to chairman of the board William D. Young. "The Board has conducted a thorough selection process and is unified in its view that we will have the right leader with the right experience in place very soon to take Biogen Idec to the next level," said Young. "We expect to announce the appointment shortly." Chief operating officer Robert A. Hamm will also retire on December 31st of this year, after 16 years with the company. John G. Cox has been promoted to executive vice president of pharmaceutical operations and technology, and will oversee global manufacturing, technical development, supply chain, and more, for the company. "On behalf of the board, I would like to reiterate our deepest thanks to Jim Mullen and Bob Hamm for their many years of leadership and contributions to the growth of Biogen Idec into a global biotechnology leader," said Young. "We wish them well in the future. We are pleased that John Cox has joined our talented senior leadership team." Shares of Biogen Idec are trading down 0.92% Tuesday morning at $47.20.
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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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Chemical Bisphenol-A Found to Decrease Sperm Quality
 
01:22
"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: 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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Company Profile: Ecolab Inc.
 
00:51
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)
 
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: Rockwell Collins (NYSE:COL)
 
00:56
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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Technical Analysis: After Decline of 8.84%, Banco Santander (NYSE:STD) Offers Better Value
 
01:15
Banco Santander (NYSE:STD) traded in a range yesterday that spanned from a low of $11.10 to a high of $11.56. Yesterday, the shares fell 8.84%, which took the trading range below the 3-day low of $12.13 on volume of 23.3 million shares. Shares of Banco Santander are currently trading below their 50-day moving average (MA) of $13.60 and below their 200-day MA of $15.20. Look for these MAs to provide resistance for a short-term rebound in the shares. SmarTrend is bearish on shares of Banco Santander and our subscribers were alerted to Sell on April 28, 2010 at $11.99. The stock has fallen 7.1% since the alert was issued. SmarTrend has the shares in a Downtrend and expects the share price to rebound to the $12.13 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Foreign Money Center Banks industry.
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Company Profile: Cameron International (NYSE: CAM)
 
00:59
A leading manufacturer, provider, and servicer of oil and gas industry equipment, the company makes products that control pressure at oil and gas wells, including blowout preventers, chokes, controls, wellheads, and valves. It also makes integral and separable reciprocating engines and compressors used in oil and gas and power-generation applications. Cameron International sells its products, which are used for offshore, onshore, and subsea applications, under brand names such as Ajax, Cameron, Demco, Foster, Petreco, Retsco, and Willis.
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Company Profile: Stryker Corp (NYSE:SYK)
 
01:00
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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Nike's "Write the Future" World Cup Ad Campaign Creating Online Buzz for the "Unofficial Sponsor"
 
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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: Bayer AG Receives US FDA Approval of New Erectile Dysfunction Drug
 
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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: Medtronic Inc (NYSE:MDT)
 
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A leading maker of implantable biomedical devices, the company makes defibrillators and pacemakers that shock the heart to help it beat normally. Subsidiary Medtronic Sofamor Danek makes spinal implant devices, and its neurological division makes neurostimulation devices and products that treat urinary incontinence. Medtronic CardioVascular produces catheters, stents, valves, and surgical ablation technologies used to treat vascular and heart disease. Medtronic also makes devices for diabetes; ear, nose, and throat (ENT) conditions; and emergency medicine
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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: Marathon Oil Company (NYSE:MRO)
 
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hrough its Marathon Oil Company subsidiary, the company explores for and produces oil and gas primarily in Angola, Canada, Equatorial Guinea, Libya, Norway, Indonesia, the UK, and the US. It has net proved reserves of 1.2 billion barrels of oil equivalent and 299 million barrels of bitumen (oil sands). Marathon Oil's Marathon Petroleum operates seven refineries with a total capacity of 1 million barrels of crude oil a day. Marathon Petroleum supplies about 4,600 Marathon-branded US retail gas outlets. Marathon Oil also services 1,620 Speedway SuperAmerica gas stations
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Company Profile: State Street Corp (NYSE:STT)
 
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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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News Update: British Airways Apologizes for Crash Message
 
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The AP reports that on a British Airways flight from London to Hong Kong 275 passengers heard an automated announcement over the PA system, which mistakenly warned passengers to brace themselves and prepare for a crash landing. Panic on the plane ensued. The AP reports that British Airways "apologized for causing customers distress after an emergency message was accidentally triggered." The message heard over the loud speakers was, "This is an emergency. We may shortly need to make an emergency landing on water." A passenger on the plane told Britain's The Sun tabloid that fellow travelers were frightened when they heard the warning on the address system. In a statement released by British Airways, they said, "Our cabin crew immediately made an announcement following the message advising customers that it was played in error and that the flight would continue as normal." The company is currently looking into how this error could have happened.
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Company Profile: Staples Inc (NASDAQ:SPLS)
 
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It sells office products, furniture, computers, and other supplies through its chain of 2,240-plus Staples and Staples Express stores in the Americas, Europe, Asia, and Australia. (More than 1,870 of its superstores are located in North America.) In addition to its retail outlets, Staples sells office products via the Internet and through its catalog and direct sales operations, including subsidiary Quill Corporation. Staples also provides document management and copying services through its retail chain, as well as promotional products. It targets customers worldwide through its Corporate Express business (acquired in 2008).
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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: CME Group (NASDAQ: CME)
 
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CME Group owns the Chicago Mercantile Exchange, launched in 1898 as The Chicago Butter and Egg Board, and the Chicago Board of Trade (CBOT), the futures exchange that it acquired for approximately $12 billion in 2007. CME and CBOT provide a marketplace for agricultural commodities, as well as for interest rate, equity, government paper, and foreign exchange futures. Products are traded on its CME Globex electronic trading system, on its floors via an open outcry system using elaborate hand signals, and through privately negotiated transactions. In 2010 CME bought 90% of Dow Jones & Company's index business, including the Dow Jones Industrial Average.
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Company Profile: McCormick & Company (NYSE:MKC)
 
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As the world's #1 spice maker, McCormick & Company offers a tasty assortment of herbs, spices, seasonings, marinades, flavorings, sauces, and extracts. The company distributes its own products, which are sold to consumers under brands including Club House, Ducros, McCormick, and Schwartz, as well as private labels. Its customers include food retailers, the foodservice industry, and industrial food-processors worldwide. McCormick has operations in Africa, the Americas, Asia, and Europe
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News Update: Treasury Department Approves $1.5B For Hardest Hit Homeowners
 
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The U.S. Treasury Department will give 1.5 billion dollars to five states that have been dubbed "Hardest Hit" by the housing crisis. Each state, including Arizona, California, Michigan, Florida and Nevada, has experienced a 20% or greater decline in housing prices as well as an unemployment rate over 12% in 2009. The fund, called the "Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets" requires the applicants identify innovative programs to assist the homeowners fighting foreclosure. Five more states are under review, and will find out if they've been approved in August.
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News Update: Tesla Motors Plans $178 Million IPO (NASDAQ:TSLA)
 
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Electric-car maker Tesla Motors Inc. is scheduling its initial public offering to trade on June 29, and hopes to raise as much as $178 million through the deal. The Palo Alto, Calif.-based company, which makes a luxury all-electric car that sells for $109,000, plans to sell 11.1 million shares between $14 and $16 per share. It has applied to list on the Nasdaq under the symbol "TSLA." Although Tesla has never been profitable and had sold only 1,063 of its Roadster models as of March 31, the company's offering has drawn the attention of green energy investors and high-end car buffs alike. The vehicles can accelerate to 60 miles per hour in about four seconds and are based on a model made by Lotus, the British luxury sports car maker. The company is working on a launching a $50,000 sedan by 2012. That sedan will be the first Tesla to be produced in larger volume for a more mass consumer audience, and its design will be a template for further mass-produced Tesla models. The company announced a $50 million investment from Toyota Motor Corp. last month.
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Oprah to Interview Michael Jackson's Mother; Brother Randy Takes to Twitter
 
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Oprah Winfrey will reportedly interview Michael Jackson's mother, Katherine Jackson. Oprah's production team was spotted outside of the Encino, California-based Jackson family compound. Meanwhile, the King of Pop's brother Randy, took to Twitter when he caught wind of the rumored interview. He tweeted: "I can never forget when she had the show on pedophilia during the jury deliberation process in my brother's Santa Maria case. That was no coincidence." He added, "I know that he would not have wanted this," referring to his brother Michael. "In fact, she is the last person on earth he would want around his children."
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Company Profile: AT&T
 
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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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