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Pharmasset Finalizes 2-For-1 Stock Split

Published on Tue, 08/09/2011 - 13:25
By FNNO Staff in General Interest, VRUS, business, income, investment, market, news, shares, stocks, trade, trade business, vrus, News Update

The Princeton, N.J., company will give one added share to stockholders of record as of the close of business Aug. 22. The new shares will be circulated Aug. 31.

Pharmasset currently has around 37.7 million shares outstanding, and that will double to 75.4 million following the split.

The company, which currently has no products on the market, lost $22.6 million, or 60 cents per share, in the three months ended June 30.

business, income, investment, market, news, shares, stocks, trade, trade business, vrus

Hepatitis C drug developer Pharmasset Inc.(NASDAQ:VRUS) reported Tuesday that its board of directors approved a two-for-one split of the company's common stock.

By FNNO Staff
fnnonline@gmail.com

Morgan Stanley Adjusted Its 2011, 2012 EPS Estimates For MAKO Surgical Corp

Published on Tue, 08/09/2011 - 13:23
By FNNO Staff in General Interest, MAKO, business, income, investment, mako, market, news, shares, stocks, trade, trade business, News Update

The bank sees a 2011 loss of $0.90 per share, wider than its previous estimate for a loss of $0.81 per share, and a 2012 loss of $0.36 per share, wider than its previous estimate for a loss of $0.34 per share.

MAKO Surgical has a potential upside of 22% based on a current price of $28.14 and an average consensus analyst price target of $34.33.

business, income, investment, mako, market, news, shares, stocks, trade, trade business

Morgan Stanley adjusted its 2011 and 2012 EPS estimates for MAKO Surgical Corp. (NASDAQ:MAKO) and maintained its equal-weight rating on the stock.

By FNNO Staff
fnnonline@gmail.com

Fitch Confirms NRG Rating

Published on Tue, 08/09/2011 - 12:22
By FNNO Staff in General Interest, NRG, business, income, investment, market, news, nrg, shares, stocks, trade, trade business, News Update

The credit rating agency also gave its "BB+" rating to NRG's new first line facilities and affirmed its "BB" rating on the company's unsecured notes.

business, income, investment, market, news, nrg, shares, stocks, trade, trade business

Fitch Ratings on Tuesday confirmed its noninvestment-grade "B+" overall credit rating for wholesale power company NRG Energy Inc.(NYSE:NRG).

By FNNO Staff
fnnonline@gmail.com

White House announces oil savings standards for heavy duty trucks, buses

Published on Tue, 08/09/2011 - 12:20
By FNNO Staff in General Interest, business, income, investment, market, news, shares, stocks, trade, trade business, white house, News Update
business, income, investment, market, news, shares, stocks, trade, trade business, white house

The Obama administration announced new fuel efficiency and greenhouse gas pollution standards for work trucks, buses, and other heavy duty vehicles that it said will save American businesses who operate and own these commercial ve

By FNNO Staff
fnnonline@gmail.com

Bank of America CEO tells employees company remains strong

Published on Tue, 08/09/2011 - 12:07
By FNNO Staff in General Interest, bac, bac, business, income, investment, market, news, shares, stocks, trade, trade business, News Update
bac, business, income, investment, market, news, shares, stocks, trade, trade business

Bank of America (NYSE:BAC) CEO Brian Moynihan wrote a letter in the company's internal website that said the bank would weather market turbulence, according to a report in the Wall Street Journal.

By FNNO Staff
fnnonline@gmail.com

Radiant System Acquires Texas Digital Systems

Published on Tue, 08/09/2011 - 11:44
By FNNO Staff in General Interest, RADS, business, income, investment, market, news, rads, shares, stocks, trade, trade business, News Update

Dennis Davidson, president and chief operating officer of Texas Digital Systems said, "Radiant and Texas Digital have complementary products and have been strong business partners for many years.

business, income, investment, market, news, rads, shares, stocks, trade, trade business

Radiant Systems (NASDAQ:RADS) acquired Texas Digital Solution to enable businesses to improve order accuracy, increase speed of service and influence sales at the point of purchase.

By FNNO Staff
fnnonline@gmail.com

Cablevision Announces Launch of Cable App for iPhone, iPod touch

Published on Tue, 08/09/2011 - 11:40
By FNNO Staff in General Interest, CVC, business, income, investment, market, news, rads, shares, stocks, trade, trade business, News Update

The Cablevision customers now can get 300 channels of live TV and video on the Apple devices, in addition to DVR management, guide information and search.

Also, customers can use the app on all three devices as a virtual remote control for conventional TVs in the home.

Cablevision Systems (NYSE:CVC) has a potential upside of 67.4% based on a current price of $17.96 and an average consensus analyst price target of $30.07.

business, income, investment, market, news, rads, shares, stocks, trade, trade business

Cablevision (NYSE:CVC) announced the launch of a new Optimum App for iPhone and iPod touch that delivers the full cable television on these devices.

By FNNO Staff
fnnonline@gmail.com

Toshiba To Release Glasses-Free 3D Laptop

Published on Tue, 08/09/2011 - 11:30
By FNNO Staff in General Interest, business, income, investment, market, news, shares, stocks, toshiba, trade, trade business, News Update

The laptop is an upgrade from Qosimo F755 and uses a "15.6-inch diagonal full HS TruBrite display with active lens to show 2D and 3D images" The device also runs a Intel Corei7 processor and NVIDIA GeForce 540M and allows for HD v

Carl Pinto, vice president of product development of Toshiba America Information Systems, Inc., Digital Products Division said: "The Qosmio F755 3D laptop is not just a breakthrough in mobile entertainment, but a great example of

business, income, investment, market, news, shares, stocks, toshiba, trade, trade business

Toshiba will release a glasses-free 3-D laptop sometime this month.

By FNNO Staff
fnnonline@gmail.com

Snyder's-Lance Reported Mixed Q2 Results

Published on Tue, 08/09/2011 - 11:26
By FNNO Staff in General Interest, LNCE, business, income, investment, lnce, market, news, shares, stocks, trade, tradebusiness, News Update

The company sees 2011 EPS of $0.75 to $0.90, vs. consensus estimates of $0.83 per share, on revenues of $1.59 to $1.63 billion, vs. consensus estimates of $1.60 billion.

David V.

business, income, investment, lnce, market, news, shares, stocks, trade, tradebusiness

Snyder's-Lance (NASDAQ:LNCE) reported Q2 EPS of $0.16, ex-items, missing consensus estimates of $0.17 per share. Revenues for the quarter rose 75.7% year-over-year to $413.0 million, topping consensus estimates of $407.3 million.

By FNNO Staff
fnnonline@gmail.com

CBS Shares Climb On Upgrade

Published on Tue, 08/09/2011 - 11:20
By FNNO Staff in General Interest, CBS, business, cbs, income, investment, market, news, shares, stocks, trade, tradebusiness, News Update

The stock is one of the biggest gainers on the S&P 500.

After massive U.S. market selloffs recently, CBS stock is down 18.4% for the month, and 17.7% in the third quarter. It is still up by 23% in 2011.

CBS has a potential upside of 39.4% based on a current price of $23.36 and an average consensus analyst price target of $32.57.

business, cbs, income, investment, market, news, shares, stocks, trade, tradebusiness

Shares of CBS Corp.(NYSE:CBS) were up 10% Tuesday after Argus Research raised its rating on the stock to buy from hold.

By FNNO Staff
fnnonline@gmail.com

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