commercial

Archer Daniels Midland Announced Luciano Will Join As Exec VP, COO (ADM)

Luciano will lead the company's global operations and commercial activities. He will report to the company's Office of the Chairman, comprised of Chairman, CEO and President Patricia Woertz and Vice Chairman John Rice.

Patricia Woertz commented on the announcement saying, "I am very pleased to have Juan join our senior executive team and partner with us as we grow the value, earnings and size of our company.

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Archer Daniels Midland (NYSE:ADM) announced that Juan R. Luciano will join the company in the new role of Executive Vice President and COO, which is effective on April 12.

By Stephanie Shyu
sshyu@fnno.com

Harris strategically realigns into three business segments

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Harris has strategically realigned its operating businesses to provide increased market focus and address the fast-growing global market for integrated communications and information technology and services. The realignment will e

By Stephanie Shyu
sshyu@fnno.com

Iridium Posts Q4 and FY OEBITDA Gains, Affirms 2011 Outlook

For the full year, Iridium reported net income of $22.7 million versus $48.3 million in 2009.

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Iridium Communications Inc. (NASDAQ:IRDM) reported Q4 and FY 2010 earnings posting a quarterly net income of $10.1 million compared to a loss of $5 million in the prior year quarter. Operational EBITDA (OEBITDA) came in at $42.3 m

By Stephanie Shyu
sshyu@fnno.com

Novavax Inks License Pact with LG Life Sciences

Under the agreement, LGLS receives an exclusive license to manufacture, develop and commercialize influenza vaccines using Novavax's recombinant VLP technology in South Korea. LGLS also receives a non-exclusive license to manufact

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Novavax, Inc. (NVAX) announced an agreement to license its proprietary, recombinant virus-like-particle (VLP) vaccine technology to LG Life Sciences, Ltd. (LGLS).

By Stephanie Shyu
sshyu@fnno.com

Overseas Shipholding Group Reported Narrower-Than-Expected Q4 Loss

Morten Arntzen, President and CEO, said, "2010 was clearly a disappointing year financially as a result of very depressed rates in all tanker segments in the last two quarters of the year. Nevertheless, we made substantial progres

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Overseas Shipholding Group (NYSE:OSG) reported a Q4 loss of $1.96 per share, ex-items, narrower than consensus estimates for a loss of $1.98 per share. Revenues for the quarter fell 4.4% year-over-year to $232.0 million, ahead of

By Stephanie Shyu
sshyu@fnno.com

Titanium Metals Missed Q4 Estimates, Top Line Up 18% (TIE)

Bob O'Brien, President and CEO, said, "Demand for our products has consistently improved throughout 2010 as customers, particularly in the commercial aerospace supply chain, right sized their inventory levels and prepared for incr

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Titanium Metals (NYSE:TIE) reported Q4 EPS of $0.13, missing consensus estimates of $0.14 per share. Revenues for the quarter rose 18% year-over-year to $217.3 million, missing consensus estimates of $220.7 million.

By Stephanie Shyu
sshyu@fnno.com

What's In The News: February 28th, 2011

acquire, acquisition, assets, bank, banking, bio, break media, brokerage, commercial, digital, drug, entertainment, financial, fujifilm, fund, japan, jp morgan, jpm, lgf, lionsgate, merck, mfg, mizuho, mrk, network, pharma, stake, trust, twitter, video

This is what's in the news for Monday, February 28th. the Financial Times reports that JP Morgan’s (JPM) Digital Growth Fund is in talks to acquire a 10% stake in Twitter for $450M… the Wall Street Journal reports that FujiF

By Stephanie Shyu
sshyu@fnno.com

CNA Financial Topped Q4 EPS Estimates, Stock Up Over 8% (CNA)

Thomas F. Motamed, Chairman and Chief Executive Officer of CNA Financial Corporation, commented, "We are encouraged by our fourth quarter and full year results. Our Specialty segment continues to deliver superior results in an ext

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CNA Financial (NYSE:CNA) reported Q4 EPS of $1.18, topping consensus estimates of $0.69 per share.

By Stephanie Shyu
sshyu@fnno.com

Buckingham Upgrades Goodrich to Buy from Neutral - Shares Fl

Published on Fri, 02/04/2011 - 11:14
By Stephanie Shyu in General Interest, GR, aircraft, buckingham, business, buy, commercial, flat, goodrich, gr, invest, market, news, production, shares, stock, update, Analyst Insight

The firm made the move based on a positive outlook for commercial aircraft production and aftermarket growth.

The firm has a $110 price target on company shares. "

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"Shares of Goodrich (GR) are flat in pre-market trading as the company is reportedly upgraded to Buy from Neutral at Buckingham.

By Stephanie Shyu
sshyu@fnno.com

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