project

Rowan Cos Tops Q4 Estimates, Top Line Up 15% (RDC)

President and CEO Matt Ralls commented, "Our contract drilling operations provided solid results in the fourth quarter, exceeding consensus expectations primarily due to continued success in managing our costs. Similarly, our manu

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Rowan Companies (NYSE:RDC) reported Q4 EPS of $0.42, ex-items, beating consensus estimate of $0.29 per share. Revenue for the quarter was up 15% to $458.8 million, beating consensus estimates of $425.4 million.

By FNNO Staff
fnnonline@gmail.com

ConAgra Foods Down 0.6% After Confirming 2011 Expectations

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Shares of ConAgra Foods (CAG) are down after the company today announced that it is set to provide an update to its investors and to analysts at the Consumer Analyst Group of New York Conference in Boca Raton, Fla. The company is

By Stephanie Shyu
sshyu@fnno.com

First Solar Could Be In For A 25% Drop From Current Levels (FSLR)

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Shares of relatively highly priced solar power manufacturer First Solar Inc. (NASDAQ:FSLR) could be in for a potential 25% drop from current levels if European subsidies for solar are cut, according to a Barron's report. Investors

By Stephanie Shyu
sshyu@fnno.com

American Airlines, United Continental Agreed To 5-Day Delay

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American Airlines Corp. (NYSE:AMR), United Continental Holdings (NYSE:UAL) and the city of Chicago, at the request of the U.S. Department of Transportation, said they have agreed to a 5-day delay in litigation over the planned exp

By Stephanie Shyu
sshyu@fnno.com

Zurich Financial Down 1.4% After Acquiring Units of Banco Santander Insurance

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ADRs of Zurich Financial Services (ZFSVY) are down after Bloomberg reported the insurer will pay as much as $2.1 billion for 51% of Banco Santander's (STD) insurance business in Chile, Mexico, Brazil, Argentina and Uruguay. Zurich

By Stephanie Shyu
sshyu@fnno.com

Iberiabank to Acquire Omnibank, Assets of Florida Trust

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Iberiabank (IBKC) today announced that it has signed an agreement to acquire Metairie, New Orleans-based Omnibank, as well as certain assets of Florida Trust, a subsidiary of Bank of Florida. The transaction with Omnibank met the

By Stephanie Shyu
sshyu@fnno.com

Forest Labs Announced Plans To Acquire Clinical Data For $30 Per Share

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Forest Laboratories (NYSE:FRX) and Clinical Data (NASDAQ:CLDA) announced that they have entered into a definitive merger agreement.

By Stephanie Shyu
sshyu@fnno.com

Transition Therapeutics Surges 28.57% on Suprise Q2 Profit

Under the agreement, T-T-H-I turned over 30% ownership of its experimental Alzheimer drug to ELN, and received royalties of 8% to 15% on net sales of the drug. The company also said that it could receive up to $93 million as miles

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TTHI

A good President's Day for Transition Therapeutics (TTHI). On Monday the company posted an unexpected profit for the second quarter, sending shares up 28.57% today. According to Reuters, the company has Elan (ELN) to thank for th

By Stephanie Shyu
sshyu@fnno.com

General Mills (GIS) firms after it says it is reaffirming its FY11 guidance.

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General Mills (GIS) firms after it says it is reaffirming its fiscal year 2011 guidance.
The company expects low single-digit growth in net sales and adjusted diluted earnings per share between $2.46 and $2.48. Reuters mean

By Stephanie Shyu
sshyu@fnno.com

3D Systems Acquires Quickparts for $15.9 Million

3-D Systems or T-D-S-C paid 15.9 million dollars net of cash. And recorded a deferred payment of 7.2 million dollars that is due six months after closing.

Quickparts, which focuses on e-commerce procurement and delivery services, had a 2010 annual revenue of 25 million dollars.

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Big news from 3D Systems today. They have purchased Atlanta, Georgia based Quickparts, a custom parts services company, in a cash transaction acquiring all of Quickparts' outstanding shares.

By Stephanie Shyu
sshyu@fnno.com

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