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India's Richest Man Mukesh Ambani Moves Into 630 Million GBP Home
"The richest man in India, Mukesh Ambani, moved into his new home in Mumbai, which is 27 stories high and valued at approximately 630 million GBP. Ambani, his wife and three children moved into a building named after the mythical island, Antilia. The home boasts a health club, gym, dance studio, a studio, a ballroom, guest rooms, a range of lounges and a 50 seat cinema. The roof sports helicopter pads. There is also underground parking for 160 cars, which will come in handy for guests at Ambani's upcoming housewarming party. The 53-year old tycoon is not only the richest man in India, but the fourth in the entire world."
Views: 350343 TradeTheTrend
News Update: Lebron James To Announce His Decision on Thursday
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.
Views: 51836 TradeTheTrend
News Update: Brittanee Drexel, Missing Teen Featured on 'Disappeared'
"Brittanee Drexel has been missing for over a year. On Monday, the New York teen was featured in a one-hour special documentary, on Investigation Discovery Channels' crime show: ""Disappeared."" The 17-year-old was last seen on spring break in Myrtle Beach, South Carolina. Surveillance cameras filmed her exiting her hotel on April 25th 2009, one night before her planned return home to New York. Her last known communication was in a text message to her boyfriend. She didn't tell her parents that she was going on vacation. Drexel's phone was later traced by police to an isolated rural area of swamps and alligators. Police in Georgetown County, South Carolina said that chances of finding the teen are slim. No body has been found. Anyone with information regarding this case should call the Myrtle Beach Police department at 843-918-1963."
Views: 22619 TradeTheTrend
NASA Finds New Life Form on Earth
"NASA's anticipated press conference today did announce the existence of new life. No, it's not E.T.; but it is a revolutionary finding. Up until now, scientists would say that six elements were absolutely necessary for life to exist: carbon, hydrogen, nitrogen, oxygen, phosphorus and sulfur. Dr. Felisa Wolfe-Simon, a NASA astrobiology fellow at the United States Geological Survey has broadened that list, as evidenced by her research revealed today. Here's how... The key element of phosphorus is what links the backbone of DNA together. Arsenic sits just beneath phosphorus on the periodic table of elements, and it is toxic to life. However, Dr. Wolfe-Simon found an organism that actually learned to cope with arsenic. Taking mud bacteria samples from the bottom of Mono Lake in California, she gradually fed the life form arsenic. To her surprise, the experiment did not kill the organism. Instead, she suggests, it incorporated the element into it's phosphorus lifestyle. Columbia University Astrobiologist Caleb Scharf compares this adaptation to ""if you or I morphed into fully functioning cyborgs after being thrown into a room of electronic scrap with nothing to eat"". The findings have a relationship with NASA's search for life in space because it expands the scope of what possible life conditions to look for in other worlds. "
Views: 117502 TradeTheTrend
News Update: 'A-Team' Producer Stephen J. Cannell Dies At 69
MTVNews is reporting that legendary television producer Stephen J. Cannell died Thursday night in his Pasadena, California home after melanoma complications. He was 69 years old. Cannell, produced hits like "21 Jump Street," "The A-Team" and "The Rockford Files," for which he won an Outstanding Drama Series Emmy in 1978, despite having struggled with dyslexia in college. A family statement said, "He was surrounded by his family and loved ones. Aside from being a legendary television producer and prolific writer, Stephen was also a devoted husband, loving father and grandfather, and a loyal friend. Mr. Cannell is survived by his high school sweetheart and wife of 46 years, Marcia, their three children, Tawnia, Chelsea and Cody, and three grandchildren. Stephen was the pillar of strength within his family and he touched everyone he met. He will be most deeply missed." Aside from producing, Cannell also wrote 16 novels over the course of his lifetime and more recently graced the screen in the ABC dramedy "Castle."
Views: 5731 TradeTheTrend
Company Profile: Morgan Stanley (NYSE:MS)
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
Views: 1233 TradeTheTrend
BMW Recalls 130,000 Turbo Engine Vehicles
BMW has issued a voluntary recall of approximately 130,000 vehicles equipped with twin-turbo engines. The German car manufacturer said the recall applies to models from 2007 to 2010 which "may experience a failure of the high-pressure fuel pump" that could influence engine performance. BMW said about 40,000 of the vehicles would require a new, high-pressure fuel pump. Affected models include the 2007 to 2010 335i series, the 2008 to 2010 135i, 535i and X6 xDrive35i Sports Activity Coupes and the 2009 to 2010 Z4 Roadster sDrive35i. BMW also announced a separate recall of more than 20,000 2008 X5 Sports Activity Vehicles equipped with low-pressure fuel pumps, which, if should fail, would stop the engine and lose the power assist function in steering and braking.
Views: 22529 TradeTheTrend
Caught On Tape: Angry McDonalds Customer Rages Over Lack Of Chicken McNuggets
"Police in Toledo, Ohio have just released surveillance video of an incident from New Year's Day. They say it shows 25-year-old Melodi Dushane pulling up to a McDonald's drive-through window with a neighbor at about 6:30 in the morning, and objecting strongly when workers said she could not get Chicken McNuggets at that hour because the eatery had started serving breakfast at 2:30 AM. At that point, she is seen getting out of the car and hitting the drive-through employee in the mouth. Then the manager comes over, Dushane swings a few more times, and the manager tries to pull her up through the window by her hair. Other employees prompted the manager to let her go. They close the window as Dushane tries to push it open - but she then breaks the glass with an object from her car. The car passenger's mother said it was the employees who allowed the situation to escalate. Police later charged Dushane with vandalism. "
Views: 3013667 TradeTheTrend
News Update: Campbell's Recalls 35,000 Cases of SpaghettiOs
Campbell's Soup has issued a recall affecting 35,000 cases of SpaghettiOs in the US, after admitting that some may have been under-processed. The recall was announced Thursday by the US Dept. of Agriculture, and affected varieties were manufactured December 2008 to June 2010. A spokesman for Cambell Soup said that the varieties under the recall may not have hit the shelves, but did not rule out entirely the possibility that some under-processed SpaghettiOs may have gotten into the hands of consumers. The varieties affected by the recall cover: SpaghettiOs with Meatballs, SpaghettiOs A to Z with Meatballs, and SpaghettiOs Fun Shapes with Meatballs (Cars). An inspection at the company's plant in Paris, Texas revealed that some products may not have been processed thoroughly. Those affected have a use-by date between June 2010 and December 2011 with the plant code EST4K. Consumers who eat the under-processed food may experience gastrointestinal problems including nausea and vomiting.
Views: 967 TradeTheTrend
Company Profile: Ecolab Inc.
The company offers cleaning, sanitation, pest-elimination, and maintenance products and services to hospitality, institutional, and industrial customers. Its institutional division is its largest, accounting for half of sales, and serves hotels, health care facilities, schools, and commercial and institutional laundries. Other divisions focus on products for textile care, water care, food and beverage, and pest control; its Kay unit provides cleaning supplies to quickservice restaurants. Ecolab makes most of its products, although it does sell some products made by other manufacturers. It does about half of its business outside the US, operating in more than 75 countries.
Views: 5285 TradeTheTrend
Company Profile: Exxon Mobil Corporation
It's not necessarily the oil standard, but Exxon Mobil is the world's largest integrated oil company (ahead of Royal Dutch Shell and BP). Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. In 2009 it reported proved reserves of 23 billion barrels of oil equivalent, as well as major holdings in oil sands through Imperial Oil. Exxon Mobil's 37 refineries in 20 countries have a throughput capacity of 6.3 million barrels per day. The company supplies refined products to almost 28,000 gas stations in 100 countries. Exxon Mobil is also a major petrochemical producer
Views: 2804 TradeTheTrend
Analyst Insight: Pfizer leads the Pharmaceuticals Industry With the Highest Level of Net Debt
Below are the top five companies with the most Net Debt in the Pharmaceuticals industry. Analysts use Net Debt to guage a company's financial health and its level of leverage compared to liquid assets. Pfizer (NYSE:PFE) ranks first with Net Debt of $22.69B; Merck (NYSE:MRK) ranks second with Net Debt of $8.06B; and Abbott Laboratories (NYSE:ABT) ranks third with Net Debt of $6.52B. Mylan (NASDAQ:MYL) follows with a Net Debt of $4.77B and Teva Pharmaceutical Industries (NASDAQ:TEVA) rounds out the top five with a Net Debt of $3.36B. SmarTrend is bearish on shares of PFE and our subscribers were alerted to Sell on February 04, 2010 at $18.23. The stock has fallen 6.7% since the alert was issued.
Views: 2649 TradeTheTrend
Company Profile: Akamai Technologies Inc. (NASDAQ:AKAM)
The company's technology enables corporations and government agencies to deliver content and applications, such as ads, business transaction tools, streaming video, and Web sites over the Internet. It also offers the EdgeControl suite of tools that supply network data feeds and Web site analytics to customers. Through its network of some 60,000 servers in about 70 countries, Akamai analyzes and manages Internet traffic,
Views: 1741 TradeTheTrend
News Update: Apple Inc.'s Reaction to Phone Jailbreak Decision (AAPL)
The Library of Congress's Copyright Office ruled Monday that phones can now be legally jailbroken by users and that jailbreaking is "innocuous at worst and beneficial at best," reports PCMag.com. The ruling will affect smartphones including Apple Inc's (NASDAQ:AAPL) iPhone line. Apple officials released a statement to Cult of Mac saying: "Apple's goal has always been to [ensure] that our customers have a great experience with their iPhone and we know that jailbreaking can severely degrade the experience. "As we've said before, the vast majority of customers do not jailbreak their iPhones as this can violate the warranty and can cause the iPhone to become unstable and not work reliably." The company's online support page outlines further concerns Apple has with jailbreaking iPhones and company officials wrote, "It is also important to note that unauthorized modification of the iOS is a violation of the iPhone end-user license agreement. Because of this, Apple may deny service for an iPhone, iPad, or iPod touch that has installed any unauthorized software." SmarTrend currently has Apple in a Downtrend. Since 2008, SmarTrend subscribers trading Apple using our alerts outperformed the stock by 33%. We are monitoring these developments and will alert subscribers to any change in trend. Apple should find initial support at its 50-day moving average (MA) of $255.88 and further support at its 200-day MA of $224.59. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.79%. Shares of the company are trading up 1.76% Tuesday afternoon at $263.85.
Views: 3367 TradeTheTrend
Company Profile: Cintas Corp. (NASDAQ: CTAS)
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.
Views: 655 TradeTheTrend
Company Profile: National Oilwell Varco (NYSE:NOV)
The company makes, distributes, and services oil and gas drilling equipment for land and offshore drilling rigs. Its mechanical components include drawworks, mud pumps, cranes, jacking systems, automated pipehandling tools, top drives, and traveling equipment. Other products include masts, derricks, substructures, and cranes. National Oilwell Varco operates a network of 200 distribution service centers to serve oil and gas companies around the world
Views: 7785 TradeTheTrend
Company Profile: IntercontinentalExchange (NYSE:ICE)
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
Views: 1565 TradeTheTrend
News Update: Google Internet Search Market Share Falls While Microsoft, Yahoo Gains, Report Says
Google Inc. (GOOG) is down near 1% and under selling pressure in afternoon trading after a new report by Internet tracking firm comScore showed erosion in Google's search market share for the second consecutive month, while rivals Microsoft (MSFT) and Yahoo! (YHOO) posted gains. Google opened down $4.51 at $482.50, made a brief morning run to a session high of $487.72, and then fell back, testing its session low of $481.62 following release of the report. ComScore Inc. said that Google's market shares for Internet search fell in May to 63.7%. At the same time, Yahoo and Microsoft both gained during that period with a combined 30.4%, the report said. Google shares are down $4.41, or 0.91%, to $482.40. Microsoft shares are up 1.52%, or 0.37, to $25.38. Yahoo shares are up 0.40%, or $0.06, to $15.16.
Views: 2341 TradeTheTrend
Company Profile: Tenet Healthcare (THC)
Tenet Healthcare may be one of the biggest US hospital chains, but is still recovering from a series of scandals. Tenet has trimmed its holdings and revamped its operations. It now owns or leases more than 50 acute care hospitals with about 14,000 beds in 12 states; a majority of its facilities are in California, Georgia, and Texas. The hospitals range from small community facilities offering basic care to major teaching and research hospitals, such as Atlanta Medical Center. Additionally, Tenet operates specialty hospitals, skilled nursing facilities, physician practices, outpatient centers, and other health care facilities that form regional networks around its main hospitals
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Company Profile: International Business Machines (NYSE:IBM)
International Business Machines (IBM) is the world's top provider of computer products and services. Among the leaders in almost every market in which it competes, the company focuses primarily on its growing services business, which accounts for more than half of sales. Though perhaps still best known for its hardware, its IT and business services units are among the largest in the world and serve customers across most industries. IBM is also one of the largest providers of both business software and semiconductors. The company's computing hardware legacy lives on in the form of its industry-leading enterprise server and storage products lines.
Views: 1682 TradeTheTrend
News Update: Google Inks Acquisition Agreement with ITA Software (GOOG)
Google Inc. (NASDAQ:GOOG) officials announced Thursday that the Internet giant has signed a definitive agreement to acquire flight information software company ITA Software, Inc. for $700 million in a cash deal, subject to closing conditions. The deal will allow Google to develop flight search tools for users to locate online flight information more easily. "ITA's very talented team has created an impressive product to organize flight information," said Google chairman and CEO Eric Schmidt. "Their technology opens exciting possibilities for us to create new ways for users to more easily find flight information online, and we're looking forward to welcoming them to Google." "It is a privilege to work with a most skilled and dedicated team to build innovative technologies that people use every day," commented ITA Software's CEO and president Jeremy Wertheimer. "We are all looking forward to continuing and expanding our efforts as part of Google." Shares of Google closed Thursday's trading day at $439.49 on volume of 3.48 million shares, versus the average volume of 3.15 million shares.
Views: 851 TradeTheTrend
Company Profile: Host Hotels & Resorts Inc . (NYSE:HST)
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.
Views: 405 TradeTheTrend
Saudi Prince Sentenced to Life for Murder of Servant
"The UK's Telegraph is reporting that Saudi prince Saud Abdulaziz bin Nasser al Saud has been sentenced to life imprisonment for murdering his servant, Bandar Abdulaziz. Although the prince initially assumed, upon his arrest, that he would be granted diplomatic immunity, the British justice system did not give him special status as a member of the Saudi royal family. The royal strangled his servant after biting him on both cheeks in a violent attack that is said to have been sexual in nature. The initial beating, which occurred after a night out on Valentine's Day, was caught on tape by an elevator camera in the 5-star London hotel where the prince and his servant were staying. The Old Bailey jury convicted Saud of murder after a deliberation that lasted just one hour and 35 minutes. He was also convicted of a second count of grievous bodily harm with intent for his elevator attack. Justice Bean said to the prince during the sentencing, ''No-one in this country is above the law. It would be wrong for me to sentence you either more severely or more leniently because of your membership of the Saudi royal family.'' Saud may need to seek asylum in Britain upon completing his prison sentence instead of returning home because of the possibility of execution. In Saudi Arabia, homosexuality is a capital offense."
Views: 378569 TradeTheTrend
Company Profile: SUPERVALU Inc. (SVU)
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
Views: 1207 TradeTheTrend
Company Profile: Abbott Laboratories (NYSE:ABT)
Abbott Laboratories is one of the US's top health care products makers. The company's pharmaceuticals include HIV treatment Norvir, rheumatoid arthritis therapy Humira, and obesity drug Meridia. Its nutritional products division makes such well-known brands as Similac infant formula and the Ensure line of nutrition supplements. Abbott also makes diagnostic instruments and tests, including the FreeStyle diabetes care line, as well as vascular and ocular medical devices. Its animal health division offers wound care, nutritional supplements, and IV supplies. The company sells its products in about 130 countries through affiliates and distributors.
Views: 11260 TradeTheTrend
Company Profile: Fluor Corp. (NYSE:FLR)
Fluor Corporation is one of the world's largest international design, engineering, and contracting firms. The company provides engineering, procurement, construction, maintenance, and project management services for a variety of industrial sectors around the world. Its projects include manufacturing facilities, refineries, pharmaceutical facilities, health care buildings, power plants, and telecommunications and transportation infrastructure. The oil and gas industry accounts for more than half of Fluor's sales. The company also provides operations and maintenance services for its projects, as well as administrative and support services to the US government.
Views: 3425 TradeTheTrend
Company Profile: Vulcan Materials Co (VMC)
The road to just about everywhere is paved with Vulcan Materials' aggregates. The company is the largest producer of construction aggregates -- crushed stone, gravel, and sand -- in the US. Vulcan produces and distributes aggregates, asphalt mixes, ready-mixed concrete, and cement at more than 330 production plants in the US (primarily the Southeast and Mid-Atlantic), Canada, the Bahamas, and Mexico. Vulcan serves more than 20 states from coast to coast. A majority of its aggregates are used to build and maintain highways, bridges, railways, airports, and other public works systems; they're also used in residential, commercial, and industrial construction. Aggregates account for nearly 70% of Vulcan's sales
Views: 1134 TradeTheTrend
News Update: Steve Jobs Issues Letter Giving Adobe's Flash The Heisman
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."
Views: 1162 TradeTheTrend
News Update: Novartis Loses Gender Discrimination Lawsuit
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.
Views: 1409 TradeTheTrend
Company Profile: Marsh & McLennan Companies (NYSE:MMC)
Marsh & McLennan Companies is is one of the world's largest insurance brokers. Through core insurance subsidiary Marsh, the company provides a broad array of insurance and risk management services; its reinsurance business is handled by subsidiary Guy Carpenter. Kroll is Marsh & McLennan's risk consulting and technology services arm. The company also owns Mercer, which provides human resources and financial consulting services to customers worldwide, and Oliver Wyman, which provides management consulting services
Views: 4111 TradeTheTrend
Company Profile: Microsoft Corporation (NASDAQ:MSFT)
The world's #1 software company provides a variety of products and services, including its ubiquitous Windows operating systems and Office software suite. Microsoft has expanded into markets such as video game consoles, customer relationship management applications, server and storage software, and digital music players. The company has also used selective acquisitions to bulk up its presence in markets such as online advertising, mobile devices, and enterprise software. In 2008 Microsoft made repeated efforts to acquire Yahoo! but was ultimately rebuffed; the two companies would instead sign a deal in 2009 to combine their search operations.
Views: 1808 TradeTheTrend
Company Profile: Medtronic Inc (NYSE:MDT)
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
Views: 1315 TradeTheTrend
Company Profile: AT&T
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.
Views: 1121 TradeTheTrend
Company Profile: FirstEnergy Corp (NYSE:FE)
Its utilities provide electricity to 4.5 million customers in Ohio, Pennsylvania, and New Jersey, three states that are ushering in power-industry competition. The company's domestic power plants have a total generating capacity of more than 14,170 MW, most generated by coal-fired plants. Subsidiary FirstEnergy Solutions trades energy commodities in deregulated US markets, and has more than 120,000 accounts. FirstEnergy's other nonregulated operations include electrical and mechanical contracting and energy planning and procurement. In 2010 the company agreed to acquire Allegheny Energy in a $8.5 billion deal.
Views: 373 TradeTheTrend
Company Profile: Fidelity National Information Services, Inc. (NYSE:FIS)
Fidelity National Information Services (FIS) provides software, outsourcing, and information technology consulting for the financial services and mortgage industries. For banks and other financial institutions, the division offers software for lending, community and wholesale banking, customer relationship management, data management, and e-business. For mortgage lenders, FIS offers billing and customer care, data and service order exchange, and mortgage servicing applications. The company focuses on providing software and services for the world's largest financial institutions; FIS' serves 14,000 customers in over 100 countries, including 40 of the world's 50 largest banks.
Views: 2911 TradeTheTrend
Company Profile: State Street Corp (NYSE:STT)
Through State Street Bank and Trust, the company is among the top providers of mutual fund and pension processing and custody services, including accounting, foreign exchange, cash management, and securities lending, for institutional and corporate clients. Its State Street Global Advisors (SSgA) unit performs asset management services; State Street Alternative Investment Solutions combines hedge funds, private equity, and alternative risk products. Boston Financial Data Services, a joint venture with DST Systems, provides shareholder services to mutual funds and other clients
Views: 5199 TradeTheTrend
Company Profile: The AES Corporation (NYSE:AES)
ES, one of the world's leading independent power producers. The company has interests in more than 120 generation facilities in about 30 countries throughout the Americas, Asia, Africa, Europe, and the Middle East that give it a combined net generating capacity of 43,000 MW. AES sells electricity to utilities and other energy marketers through wholesale contracts or on the spot market. AES also sells power directly to customers worldwide through its interests in distribution utilities, mainly in Latin America. In 2009 the company had 3,000 MW of power plants under development in ten countries.
Views: 1401 TradeTheTrend
News Update: California School Bullied Seth Walsh Passes Following Suicide Attempt
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.
Views: 18914 TradeTheTrend
Company Profile: Omnicom Group (NYSE:OMC)
The company ranks as the world's #1 corporate media services conglomerate, with advertising, marketing, and public relations operations serving some 5,000 clients in more than 100 countries. It serves global advertising clients through its agency networks BBDO Worldwide, DDB Worldwide, and TBWA Worldwide, while such firms as GSD&M's Idea City, Merkley + Partners, and Zimmerman Advertising provide services for regional and national clients. More than 160 other firms in its Diversified Agency Services division, including Fleishman-Hillard, Integer, and Rapp, provide public relations and other marketing services.
Views: 924 TradeTheTrend
Company Profile: Stryker Corp (NYSE:SYK)
Stryker's surgical products include such instruments as drills, saws, rasps, even cement mixers. The company's Orthopaedic Implants category includes artificial joints, spinal rods and screws, artificial vertebral discs, bone cement, and other orthopedic implants and supplies. The company's orthopaedic division also makes OP-1, a product to grow bone. The MedSurg Equipment segment includes facial and hand surgery instruments, endoscopy equipment, and communications and patient handling equipment. Stryker's products are marketed globally to hospitals, doctors, and other health care facilities via direct sales personnel and distributors
Views: 4627 TradeTheTrend
Company Profile: Equifax Inc. (NYSE:EFX)
One of the US's largest credit reporting agencies (alongside Experian andTransUnion), the company has information on more than 400 million worldwide credit holders. In addition to credit reports, Equifax provides credit card marketing and fraud detection services and offers database marketing, credit risk consulting, and such products as credit scoring software through a host of subsidiaries. Through subsidiary TALX, the company provides human resources and payroll outsourcing. Equifax's customers include financial institutions, retailers, automotive dealers, and mortgage companies. Equifax has operations in North America, South America, and Europe.
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Company Profile: Staples Inc (NASDAQ:SPLS)
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: General Motors Recalls 160,000 Hummer H3s
General Motors announced a recall today of 160,000 Hummer H3 vehicle models from 2006 to 2010. The National Highway Traffic Safety Administration (NHTSA) cited issues on their website pertaining to rattling or disengaging hood louvers, which are meant to keep vehicle temperatures cool. The NHTSA wrote: "If the vehicle is being driven when this occurs, it could strike a following vehicle and cause injury and/or property damage."
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Nike's "Write the Future" World Cup Ad Campaign Creating Online Buzz for the "Unofficial Sponsor"
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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Company Profile: PACCAR Inc (NASDAQ:PCAR)
PACCAR is one of the world's largest designers and manufacturers of big rig trucks. Its lineup of light-, medium-, and heavy-duty trucks include the Kenworth, Peterbilt, and DAF nameplates. The company also manufactures and distributes aftermarket truck parts for these brands. PACCAR's other products include Braden, Carco, and Gearmatic industrial winches. With the exception of a few company-owned branches, PACCAR's trucks and parts are sold through independent dealers. The company's PACCAR Financial Corporation and PacLease subsidiaries offer financing and truck leasing, respectively. Over 65% of PACCAR's revenues are generated outside the US
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Company Profile: Starbucks Corp (NASDAQ:SBUX)
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: Treasury Department Approves $1.5B For Hardest Hit Homeowners
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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Company Profile: Oracle Corp (NASDAQ:ORCL)
The enterprise software giant provides a range of tools for managing business data, supporting business operations, and facilitating collaboration and application development. Oracle also offers business applications for data warehousing, customer relationship management, and supply chain management. In recent years the company has aggressively used acquisitions to expand, including the purchases of PeopleSoft, Siebel Systems, and BEA Systems. In April 2009 the company announced plans for its most ambitious acquisition to date, the purchase of Sun for about $7.4 billion; the deal was completed in early 2010.
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New Report Ranks Alcohol as Most Harmful Drug
"The BBC is reporting that a new drug classification report co-authored by UK Professor David Nutt ranks alcohol as the most harmful drug. The report ranks 20 drugs based on 16 criteria of harm to individual users and harm to greater society, including mental and physical damage, addiction, crime and costs to the economy and communities. Although heroin, crack and methylamphetamine, also known as crystal meth, were deemed the most harmful drugs to individuals, alcohol, heroin and crack cocaine were the most harmful to society. When scores for both types of harm were added together, alcohol was overwhelming the most harmful drug on the whole. What some may find surprising is that tobacco and cocaine were found to be equally harmful, while ecstasy and LSD rank at the bottom of the harm list. Nutt said, ""Overall, alcohol is the most harmful drug because it's so widely used. Crack cocaine is more addictive than alcohol but because alcohol is so widely used there are hundreds of thousands of people who crave alcohol every day, and those people will go to extraordinary lengths to get it."" The findings are not inline with the UK's drug classification system, but the authors argue that their ranking system provides an accurate assessment of harm that the current government classification system does not reflect."
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Company Profile: IMS Health Inc. (NYSE:RX)
IMS Health provides sales management and market research services to clients in the pharmaceutical and health care industries. It tracks not only the sale of prescription drugs and over-the-counter products but also the productivity of individual sales representatives that work for its client companies. It offers market forecasts and surveys physicians and hospitals about drugs they are prescribing to patients. IMS Health also offers consulting and other professional services. It has clients worldwide and operates through about 100 offices in more than 75 countries. In early 2010, IMS Health was taken private by TPG Capital and CPP Investment Board
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