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Analyst Comments: Hess Corp, Mylan, AvalonBay, Abbott Labs, Trimble, NCR Corp, Vertex Pharma, American Tower, Sony, Washington Federal, Boston Properties, Johnson & Johnson, Matsushita, Deckers, Mechel Steel, Kroger

Thu, 18 Sep 2008 17:32:00 GMT

Despite the recent commodity-price induced weakness that has helped improve valuation, we are keeping our Hold recommendation unchanged for Hess Corp. (HES) shares at this stage. The near-term outlook for the stock in particular and the overall group in general remains unfavorable. We will revisit our outlook for the stock once early signs of stability emerge in the crude oil market, which we believe will be sooner than later. We continue to see upstream momentum at Hess on the back of the company's leverage to high crude oil prices and a large inventory of projects in Brazil, Australia Libya and Ghana. On September 4, Hess Corporation announced that the Nimblefoot-1 exploration well on Australia's Northwest Shelf discovered natural gas. The well encountered 93 feet of net gas pay. Nimblefoot-1 is the third of four initial exploration[More...]

Periodicals Wrap-Up for Wednesday, August 20

Wed, 20 Aug 2008 14:10:00 GMT

A venture led by residential land company LandCap Partners is buying $40M of land and construction loans from Wachovia (WB). FINANCIAL TIMES: Barclays (BCS) would consider buying a U.S. wealth management company, Barclays President Bob Diamond said.[More...]

The High-Tech View: New Ventures Have Sanyo Looking Sharp

Sun, 01 Jun 2008 20:05:03 GMT

Japan’s Sanyo Electric Co. Ltd. (OTC ADR: SANYY) has become the latest company to become part of the industry cadre that’s buying liquid-crystal display (LCD) panels from Sharp Corp. (OTC ADR: SHCAY) for use in flat-panel televisions.[More...]

Keep Matsushita Shares a Hold

Fri, 28 Mar 2008 14:06:45 GMT

Matsushita Electric Industrial Co., Ltd. (MC) has established itself as a global company that uses leading-edge technology to manufacture electronic and electrical products, systems, and components. The company's management initiatives are also helping to[More...]

Sony Wins the Battle: Blu-Ray is King

Tue, 19 Feb 2008 18:47:45 GMT

Toshiba's decision to no longer develop, make or market high-definition HD DVD players and recorders will mean consumers can start feeling more confident about buying the victorious rival technology - a Blu-ray disc player. Sony Corp. (NYSE:SNE) shares are up 4.8% today on the news, long live the maker of the walkman and BetaMax. More from Mercury News -- Analysts say competition is expected to heat up among the manufacturers of Blu-ray players and recorders, which include Japanese makers Sony Corp., Matsushita Electric Industrial Co. and Sharp Corp. as well as Samsung Electronics Co. of South Korea. In making the announcement, Toshiba Corp. President Atsutoshi Nishida said he wanted to avoid confus[More...]

Analyst Comments: Eli Lilly, Countrywide, Churchill Downs, Dr. Reddy's Laboratories, Sonic Foundry, Smith International, Matsushita Electric, Luxottica Group, Tesoro Corp, Vivo Participações

Thu, 31 Jan 2008 18:07:25 GMT

The following excerpts explain why Zacks senior pharma industry analysts Jason Napodano, CFA and Brian Marckx, CFA remain neutral on Eli Lilly and Company (LLY), the global healthcare company:'The company is entering a challenging period, brought about by recent pipeline disappointments, most notably surrounding anti-platelet drug, Prasugrel. Although we believe the underlying fundamentals of the company...[More...]

Analyst Comments - Dec 20 2007 10:29AM

Thu, 20 Dec 2007 14:24:28 GMT

The following excerpts explain why Zacks senior electronic industry analyst Steve Biggs, CFA remains neutral on Matsushita Electrical Industrial Co., Ltd. (MC), the electronic products manufacturer:'Matsushita has established itself as a global company that uses leading-edge technology to manufacture electronic and electrical products, systems, and components. The company's management initiatives are also helping to develop competitive and value-oriented products. 'While...[More...]

KC Ballet Starts Renovating Union Station Power House As New Home

Fri, 18 Sep 2009 07:49:00 GMT

Sep. 18--Let the renovations begin.
It has been almost 3 1/2 years since the Kansas City Ballet decided on the Union Station Power House as the site of its new Todd Bolender Center for Dance and Creativity.
When the $31 million renovation is completed in July 2011, "it will be one of the best dance buildings in the country," said Jeffrey J. Bentley, the Ballet's executive director.

[More...]

Shoppers Departing Department Stores -- and May Not Be Back

Fri, 20 Feb 2009 20:52:00 GMT

Feb. 20--Pity the department store.
The recession is sucking sales out the door of the big two- and three-level mall anchors and from their newer, more productive off-mall locations.
There are 10 left with sales of at least $3 billion: luxury sellers Neiman Marcus and Saks; upscale Nordstrom; midtier Macy's and Dillard's; value chains J.C. Penney, Kohl's and Sears; and regional chains Bon-Ton and Belk.

[More...]

Selling Your Gold? It Pays to Compare Buyers

Mon, 09 Feb 2009 13:51:00 GMT

Feb. 9--If you watched the Super Bowl last week, you may have seen the ad: Ed McMahon and MC Hammer -- both known as men sometimes in sore need of ready cash -- touting a company called Cash4Gold.
What Ed and MC didn't mention is something that the company's Web site does: Customers may get more at their local gold dealer.
Amit Verma of Nassau Gold Buyers, in Hicksville and Rockville Centre, said sellers should go to several dealers to convince themselves that offers are competitive, and "get referrals from people who are happy with how they are treated."

[More...]

Dollar Wise: Hard Times Have Folks Trading Old Gold for Fast Cash

Wed, 04 Feb 2009 23:50:00 GMT

Feb. 4--In the gloom of the down economy, the price of gold has been an unusual bright spot.
Enough that Cash4Gold, which buys old jewelry by mail, could afford a prime Super Bowl ad starring Ed McMahon and MC Hammer.
Across the country -- and across North Texas -- people are responding to TV spots, billboards and newspaper ads that promise to turn rings and trinkets into cash.

[More...]

Panasonic Elec Works' Aichi Plant to End Production in March

Tue, 27 Jan 2009 15:56:00 GMT

Jan. 27--OSAKA -- Panasonic Electric Works Co. will cease production at its wholly owned manufacturing unit in Aichi Prefecture by March and shut down the site around September as part of its restructuring program, sources familiar with the matter said Tuesday.
Some 130 regular employees as well as temporary workers at Panasonic Electric Works Nagoya Co. will be transferred to other group firms, according to the sources.
The subsidiary based in Kiyosu, Aichi Prefecture, has been making consumer products such as self-cleaning toilet bowls and exercise machines that simulate riding a horse.

[More...]

Panasonic to Launch 'Tough' Laptop PCs

Wed, 21 Jan 2009 14:53:00 GMT

Jan. 21--TOKYO -- Panasonic Corp. said Wednesday it will launch Feb. 13 two "tough" high-end laptop personal computers that the company claims will not break even if they are dropped from a height of 90 centimeters.
The Toughbook CF-19 uses light-emitting diodes for its backlight to double the display brightness and the Toughbook CF-30 cuts the light reflection rate of its display to less than one-third of a conventional model, the company said.
The two PCs' displays are easily viewable even under direct sunlight, Panasonic said.

[More...]

Kyocera Chief Vows to Secure All Jobs, Including Part-Timers

Tue, 13 Jan 2009 16:54:00 GMT

Jan. 13--OSAKA -- Kyocera Corp. will secure employment for all workers in the company, including part-time workers, despite the current economic hardship, President Makoto Kawamura said in a recent interview.
Kyocera plans to realign its cellphone business by integrating its own sales channel and technological development division in North America as well as the cellphone business it acquired from Sanyo Electric Co., probably in April.
"Integrating the cellphone development units into one, we want to produce attractive products for North America and the domestic market by bringing about synergy effects," he said.

[More...]

Panasonic to Slash Investment in TV Panel Plants By 135 Bil. Yen

Fri, 09 Jan 2009 13:49:00 GMT

Jan. 9--OSAKA -- Panasonic Corp. said Friday it plans to slash investment in plants under construction in Hyogo Prefecture for manufacturing panels for flat-screen televisions by 135 billion yen as the global economic downturn has eroded demand.
The Osaka-based Japanese electronics maker originally planned to spend a total of 580 billion yen on the plants in the cities of Amagasaki and Himeji, western Japan.
Despite the investment cut, Panasonic aims to boost sales of flat-screen TVs by 50 percent from the previous year to 15.5 million units in fiscal 2009 starting April by putting emphasis on emerging markets among other measures.

[More...]

Westport Bank Says It Has No Inappropriate Ties to Madoff

Sat, 03 Jan 2009 13:48:00 GMT

Jan. 3--Westport National Bank on Friday sent a letter to its staff and customers stating it acted only as a custodian for clients investing in Bernard Madoff Investment Securities.
The bank sent the letter after the Wall Street Journal and The New York Times on Wednesday reported that investors in Florida had retained lawyers to investigate claims that the bank had steered their funds to Madoff.
"First, be assured that the Bank has not invested any of its own funds or the funds of its depositors with Madoff, and the Bank has not advised any customer or anybody else to invest with Madoff," Richard Cummings, president of Westport National Bank, said in the letter.

[More...]

The Post-Crescent, Appleton, Wis., Biz Buzz Column - Sep 12 2008 2:57PM

Fri, 12 Sep 2008 18:52:00 GMT

Sep. 12--For a while, it seemed grocery stores were trying to rival Lambeau Field in size and proportion.
The new $8 million Pick 'n Save opening Tuesday morning in Neenah is 61,000 square feet, certainly a respectable size though less than half of a store like Woodman's.
While it offers traditional packaged groceries in half of the store, it has a sophisticated new take on perishables in the other half.

[More...]

Luxury Leader LVMH Moet Hennessy Louis Vuitton Unveils Prototypes of Winning “Bike in Style” Gear at Today’s Pre-Launch of New York City’s Summer Streets 2009

Mon, 03 Aug 2009 17:43:00 GMT

As part of its support of Mayor Bloomberg’s and the Department of Transportation’s (DOT) efforts to promote a greener, greater New York City, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods company, unveiled the prototypes of the winning bicycling apparel and accessory designs from the “Bike in Style” Challenge at a press conference held this morning by the DOT at Astor Place in Manhattan to officially pre-launch NYC’s Summer Streets 2009, of which LVMH is a main sponsor.[More...]

LVMH Demonstrated Good Resilience in the First Half of 2009

Mon, 27 Jul 2009 18:39:00 GMT

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €7.8 billion in the first half of 2009, reflecting a slight increase over the same period in 2008 despite the crisis and a high comparable.[More...]

Luxury Leader LVMH to Be a Main Sponsor of NYC’s 2009 Summer Streets

Mon, 29 Jun 2009 16:37:00 GMT

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods company, announced today that it will be a main sponsor of New York City’s upcoming 2009 Summer Streets event. The announcement was made at a press conference held by New York City’s Mayor Michael R. Bloomberg and Department of Transportation (DOT) Commissioner Janette Sadik-Khan this morning in McCarren Park in Brooklyn.[More...]

Louis Vuitton Reaches Settlement Agreement with Monastery Hill over Alleged Infringement of Louis Vuitton’s Epi Trademarks

Wed, 24 Jun 2009 16:05:00 GMT

Louis Vuitton Malletier (“Louis Vuitton”) today announced it has recently entered into a settlement agreement with Hertzberg, Ernst & Sons, doing business as Monastery Hill Bindery (“Monastery Hill”), regarding Monastery Hill’s sales of faux leather good products for the hospitality industry, including hotel guest room binders and note pad covers, that Louis Vuitton alleged copied and used Louis Vuitton’s Epi registered trademarks.[More...]

Lisa Montague is Appointed Chief Executive Officer of Loewe

Thu, 18 Jun 2009 14:42:00 GMT

LVMH Moet Hennessy Louis Vuitton, the world’s leading luxury products group, announces the appointment of Lisa Montague as Chief Executive Officer of Loewe, the celebrated Spanish leather goods and accessories Maison. She will be based in Loewe’s headquarters in Madrid and will report to Pierre-Yves Roussel, CEO LVMH Fashion Division.[More...]

Luxury Leader LVMH Announces Winners of "Bike in Style Challenge"; Joins Forces with New York City Department of Transportation and Fashion Institute of Technology to Encourage New Yorkers to “Bike in Style”

Tue, 02 Jun 2009 18:24:00 GMT

The winning designs in the “Bike in Style Challenge” were unveiled today.[More...]

Louis Vuitton’s Core Values Campaign Celebrates the Greatest Journey of All

Mon, 01 Jun 2009 18:28:00 GMT

With the latest wave of its Core Values advertising campaign, Louis Vuitton commemorates the 40th anniversary of man’s conquest of the Moon, elevating the theme of travel as a personal journey to a celebration of a voyage of unsurpassed significance for all mankind.[More...]

June 2nd Press Conference to Announce Winning Design Of NYC “Bike in Style” Challenge

Mon, 01 Jun 2009 13:29:00 GMT

LVMH:[More...]

LVMH Partners with Ethical Fashion Pioneer Edun

Thu, 14 May 2009 15:38:00 GMT

LVMH Moët Hennessy - Louis Vuitton, the world’s leading luxury products group has completed a minority investment in Edun, the ethical fashion company owned by Ali Hewson and her husband Bono, U2 lead singer and activist.[More...]

Jean-Frederic Dufour Appointed President and CEO of Zenith Manufacture

Thu, 07 May 2009 14:00:00 GMT

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods Group, announces the appointment of Jean-Frédéric Dufour as President and CEO of Zenith Manufacture effective June 1, 2009.[More...]