Morning Andy and http://huntforthenext10bagger.com
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Morning Andy and http://huntforthenext10bagger.com/ ... Are you guys watching $HEB?
8:56AM Prospect Capital priced a public offering of 21 mln shares of its common stock at $11.15/share ( PSEC ) 11.88 :
8:56AM Standard Register expects to reduce pension contributions through 2014 under new legislation ( SR ) 0.76 : Co provided an update on pension funding expectations for 2012 through 2014 based on provisions of the highway reauthorization legislation signed into law last week. Standard Register had previously expected pension contributions for 2012 through 2014 to total $112 million. With relief provided by the Moving Ahead for Progress in the 21st Century Act (MAP-21), commonly referred to as the highway bill, the Company expects to reduce the total by ~$17 million, to $95 million
8:52AM On The Wires ( WIRES ) :
- SatCon Tech ( SATC ),along with A123 Systems ( AONE ), Renewable Energy Services, and the Sacramento Municipal Utility District announced that they have been selected by the California Energy Commission to receive a $2 mln grant to develop and demonstrate methods to reduce the effects of renewable power intermittency.
- Envivio ( ENVI ) announced that WealthTV, an independent cable TV network based in the U.S., has selected Envivio encoding solutions to extend its broadcast service to Asia.
- CTS ( CTS ) announced that CTS Automotive Products has been awarded three new production programs to supply sensors for a N. American active manifold application and for two turbocharger applications. Total expected revenues from these sensor awards are ~ $15 mln.
- Quintiles and Allscripts ( MDRX ) have entered a strategic partnership to jointly develop software solutions to enable improvements to the drug development process.
- Sterling Construction ( STRL ) announced that its subsidiary, Texas Sterling Construction, was apparent low bidder on Texas Department of Transportation US 380 Project, with a bid of $39 mln.
8:51AM On The Wires ( WIRES ) :
- Telephonics, subsidiary of Griffon ( GFF ), has been awarded a contract valued at ~ $6 mln for the Busan Regional Aviation Administration to provide a terminal radar approach control system for Uljin.
- Glowpoint ( GLOW ) and StarLeaf announced that they will partner to deliver cloud video services for desktops and rooms for as little as $99 per month.
- MedAssets ( MDAS ) announced that The Salvation Army will work with the co to achieve cost savings in the purchase of food and nutrition supplies.
- XenoPort ( XNPT ) has been awarded a $347,075 grant from The Michael J. Fox Foundation for Parkinson's Research to support preclinical studies to explore XP23829 for its ability to protect against neurodegeneration in experimental preclinical models of Parkinson's disease.
8:46AM Cypress Sharpridge Investments prices underwritten public offering of 40 mln shares of its common stock at a price to the public of $13.70 per share ( CYS ) 14.13 :
8:43AM AerCap announces transactions for the second quarter 2012 ( AER ) 12.48 : Co announced the completion of the following transactions during the second quarter 2012: Signed new lease agreements for 20 aircraft, Delivered 11 aircraft under contracted lease agreements, Purchased five new aircraft, Closed the sale of six aircraft, and Signed financing transactions for $340 million.
8:37AM Edgewater engages Liolios Group to lead strategic investor relations program ( EDGW ) 3.85 : Co has engaged Liolios Group to lead an enhanced investor relations and financial communications program. "The sale of our private label intellectual property to Microsoft, being named Microsoft Partner of the Year in Manufacturing, and our double-digit revenue growth and improved profitability were all key events in our first half of 2012... Given this operational and financial momentum, we believe it's the right time to engage a team of experienced investor relations professionals to help us effectively communicate our story to the investment community and navigate the capital markets. Liolios Group brings a proven track record of helping companies bring the right message to the right audience. We would like to leverage their skills to deepen our relationships with existing investors, analysts and institutions as well as build new, quality, long-term relationships within the financial community." In collaboration with Edgewater's management, Liolios Group will refine and deliver the company's message to the investment community. Road shows, conference calls and financial conferences will be scheduled over the next several months to engage key influencers, including equity analysts, money managers, institutional investors and members of the financial press.
8:35AM MPG Office Trust announces mortgage loan extension at KPMG Tower ( MPG ) 2.18 : As part of the extension, the Company repaid $35 million of principal, which reduced the outstanding loan balance from $400 million to $365 million. Additionally, the Company funded a $5 million leasing reserve and agreed to a full cash sweep of excess operating cash flow beginning on September 9, 2012. Excess operating cash flow (cash flow after the funding of certain reserves, the payment of property operating expenses and the payment of debt service) will be applied to fund a $1.5 million capital expenditure reserve, to fund an additional $5 million into the leasing reserve, and thereafter, to reduce the outstanding principal balance of the loan.
8:35AM Capstone Turbine received multiple orders from two natural gas service companies in Colombia that total two megawatts of prime power generation ( CPST ) 1.04 : The first of the two new orders secured by Capstone Distributor Supernova Energy Services was for the purchase of two Capstone Microturbines - a C1000 and C200 - which will be used in a combined heat and power application for a large gas treatment plant near Yopal, Colombia. A second microturbine order Supernova recently secured is for a Capstone C800 Power Package by a large natural gas transportation company based in Barranquilla, Colombia.
8:33AM Federal Realty Invst Trust announced that James Taylor will succeed Mr. Andrew Blocher as chief financial officer on August 15, 2012 ( FRT ) 105.88 : Mr. Blocher will serve as the Trust's chief financial officer through August 14, 2012, and is expected to remain with the Trust through February 2013. Mr. Taylor most recently served as senior managing director and head of real estate investment banking at Eastdil Secured Wells Fargo.
8:33AM Unit agrees to acquire Oil & Gas assets in the Anadarko Basin of Western Oklahoma and the Texas Panhandle for $617.1 mln in cash; updates segment operations ( UNT ) 36.10 : Unit ( UNT ) announced that its wholly owned subsidiary, Unit Petroleum, has entered into an agreement to acquire certain oil and natural gas assets from Noble Energy (NBL) that include ~84,000 net acres primarily in the Granite Wash, Cleveland, and Marmaton plays in western Oklahoma and the Texas Panhandle, for $617.1 mln in cash. The effective date of this acquisition is April 1, 2012, and closing is anticipated to be in September 2012, subject to customary closing conditions. As of the effective date, the estimated proved reserves of the subject properties is 44 mln barrels of oil equivalent and the estimated average daily net production is 10,000 Boe. The acquisition will add ~25,000 net acres to Unit Petroleum's Granite Wash core area in the Texas Panhandle with significant resource potential and would include 617 potential horizontal drilling locations. Unit will also receive two gathering systems as part of the transaction.
8:33AM FleetCor announced that it has acquired a Russian fuel card company. Terms of the transaction were not disclosed; co expects this transaction will be slightly accretive to its 2012 earnings ( FLT ) 35.27 :
8:32AM Corn futures just spiked 21 cents or 3% to $7.47/bushel (Reminder: Today, floor trading on the CME began at 8:20am EST instead of 10:30am EST) due to the report ( COMDX ) :
8:31AM Market View: eMini index futures trade well off earlier GLOBEX highs, hold marginal bid following May Trade Balance data- ES U2 currently 1333.75 +2.25, NQ U2 currently 2578.50 +0.50, YM U2 currently 12611 +26 ( TECHX ) :
8:25AM On The Wires ( WIRES ) :
- Harris ( HRS ) has been selected for the Department of State Bureau of Consular Affairs' Development, Modernization, and Enhancement contract, which has a total ceiling value of $750 mln.
- Comstock Mining ( LODE ) announced that construction of its Crusher Facility has been completed and it has begun to commission the equipment.
- FIS ( FIS ) announced that Ellyn Raftery has been named Chief Marketing Officer.
- Mitel ( MITL ) announced that Treolan has added Mitel's UC and collaboration solutions to its portfolio. Under the terms of the agreement, Treolan will be a distributor for the full portfolio of Mitel solutions.
- Life Technologies ( LIFE ) announced that it will accelerate development of its Ion Torrent Semiconductor technology for a broad set of proteomic and antibody-based applications after passing internal Life Technologies R&D milestones.
- China Ming Yang Wind Power Group ( MY ) has signed a cooperative agreement with Huaneng Renewables, contemplating the establishment of a joint venture specializing in the development of wind power and solar projects in China and overseas markets.
- Pratt & Whitney ( UTX unit) and JetBlue Airways ( JBLU ) signed a definitive agreement for PurePower PW1100G-JM engines to power its order of 40 firm A320neo family aircraft finalizing the MOU announced in late 2011.
8:23AM On The Wires ( WIRES ) :
- IsoRay ( ISR ) shipped its first GliaSite radiation therapy system orders to Germany.
- OSI Systems( OSIS ) announced that OSI Electronics has received an order of ~ $3 mln for electronic sub-assemblies from a worldwide provider of integrated security and identity systems.
- Selex Elsag has selected ViaSat ( VSAT ) to provide X-band antennas and the MD-1366 Enhanced Bandwidth Efficient Modem to expand NATO static ground satellite communications in Belgium and Italy, and upgrade services in Greece and Turkey.
- VeriFone Systems ( PAY ) has been awarded a five-year contract by the District of Columbia Taxicab Commission valued from $35 mln to as much as $45 mln factoring in potential advertising revenue.
- Xerox ( XRX ) has signed a definitive agreement to acquire WDS, a firm that provides technical support, knowledge management and related consulting to wireless telecommunication brands.
- Sierra Wireless ( SWIR ) announced that the AirLink GX440 rugged wireless gateway is now available for the AT&T 4G LTE network.
- Cummins Power Generation, a division of Cummins ( CMI ), announced the availability of the C150D6R and C200D6R Mobile Generator Sets certified to EPA Nonroad Tier 4 Interim emissions levels.
8:11AM Alnylam Pharma: Correction - information posted at 00:28 was incorrectly attributed to ALNY ( ALNY ) 13.12 : At 00:28, we incorrectly indicated that ALNY priced an offering of preferred stock, when in fact it was Colony Financial (CLNY) that priced 4 mln additional shares of its 8.5% Series A Cumulative Redeemable Perpetual Preferred Stock with a liquidation preference of $25 per share. The original post has been deleted.
8:08AM Eli Lilly announced Pomaglumetad Methionil did not meet primary endpoint of clinical study ( LLY ) 42.85 : Co announced negative clinical trial results from study H8Y-MC-HBBM investigating pomaglumetad methionil, also known as mGlu2/3, for the treatment of patients suffering an acute exacerbation of schizophrenia. In study HBBM, pomaglumetad methionil did not separate from placebo in the primary efficacy endpoint in either the overall or predefined genetic subpopulation at the two doses investigated. The active control, risperidone, did separate from placebo in both populations. Pomaglumetad methionil was generally well tolerated in this study, with no new safety findings compared to previous trials. Data will be shared at a later date at an appropriate scientific venue.
8:05AM Echo Therapeutics expands license agreement with Ferndale Pharma ( ECTE ) 1.67 : Co announced that it signed an amended license agreement with Ferndale Pharma Group that grants Ferndale the right to develop, market and sell Prelude for painless, needle-free skin preparation prior to the application of topical 4% lidocaine cream for fast-acting, local dermal anesthesia prior to a wide-range of needle-based medical procedures. In addition to the original territory of North America and the United Kingdom, the amended license agreement covers South America, Australia, New Zealand, Switzerland and portions of the European Community.
8:03AM PLX Tech announced Entropic Communications (ENTR) acquired specific direct broadcast satellite intellectual property and corresponding technologies from the co for $8 mln ( PLXT ) 5.90 : The purchased assets relate to the design and development of a digital channel stacking switch semiconductor product for up to $8 million. In addition to the asset purchase agreement, Entropic will pay a one-time $4 million licensing fee for intellectual property which is related to the acquired assets.
8:02AM Hemispherx Biopharma: FDA agreed to accept, for review, new analyses of data from AMP-516 Phase III Clinical Trial in support of its Ampligen NDA; Targeted Filing Date 3Q12 ( HEB ) 0.28 : Co recently met with representatives of the FDA. At that meeting, the FDA agreed to accept, for review, new analyses of data from Hemispherx's AMP-516 Phase III Clinical Trial in support of its New Drug Application for Ampligen. If found sufficient to support approval of the drug, these new analyses will be in lieu of an additional confirmatory Phase III study called for in the Agency's November 25, 2009, Complete Response Letter. The FDA has advised that whether the new analyses provide adequate evidence of Ampligen's efficacy in treating Chronic Fatigue Syndrome will ultimately be a review issue. Co plans to submit the complete response in the 3rd quarter 2012. The FDA has advised that, once submitted, the complete response will be on a six month review cycle at the FDA. The FDA's agreement to review the complete response does not commit the Agency to approve the Ampligen.
8:01AM Alcoa and Airbus Sign Multi-Year Supply Agreements For Rolled and Extruded Products ( AA ) 8.39 : Co announces it has signed new multi-year supply agreements with Airbus for Alcoa's aerospace aluminum sheet, plate and hard alloy extruded products utilizing Alcoa's advanced-generation and aluminum lithium alloys. The agreements were signed this week at the Farnborough Air Show. Terms were not disclosed, but the agreements have a value of approximately US$1.4 bln over their life. Alcoa's products will be used across virtually all Airbus commercial programs.
8:01AM NuPathe announces allowance of additional U.S. patent application for NP202 ( PATH ) 3.62 : Co announced that the United States Patent and Trademark Office has issued a Notice of Allowance for U.S. Patent Application 11/195,845 titled "Drug Containing Implants and Methods of Use Thereof." The allowed claims relate to a rod-shaped implant or structure that delivers therapeutic levels of risperidone for 20 to 190 days as well as to methods for treating medication noncompliance-associated diseases including schizophrenia and bipolar disorder. Given this action, NuPathe expects the patent to issue within the next few months. Once issued, it will provide patent protection through December 2027 for NP202, NuPathe's long-term biodegradable risperidone implant for the treatment of schizophrenia and bipolar disorder. NuPathe has a portfolio of additional licensed patent applications pending in the U.S. and other territories for NP202.
7:50AM Bristow Group announced that it has secured several major new multi-year contracts for the provision of a total of 20 large aircraft that are expected to generate in excess of $2 bln in revenue ( BRS ) 41.19 : Co announced, in Australia, INPEX has awarded Bristow a ten-year contract for up to six EC225 helicopters to support drilling, development and production operations on the Ichthys Project. INPEX also has an option to add a long term SAR aircraft. This new contract is scheduled to begin in 2014 and reinforces our long term commitment to the Australian market.
7:46AM On The Wires ( WIRES ) :
- TAT Technologies ( TATT ) has been awarded a contract by Embraer ( ERJ ) for the design, manufacture, integration, testing, supply, and product support for the Pre-Cooler to be incorporated into KC-390 aircraft being developed by Embraer. Co estimates the revs from this new contract at ~ $4 mln over a ten year period with revs commencing some time in 2016.
- Spirit AeroSystems ( SPR ) Aftermarket Customer Support announced the opening of a representative office in Shanghai, People's Republic of China.
- Pratt & Whitney, a United Technologies ( UTX ) co, has signed a memorandum of understanding for an exclusive maintenance services agreement with Alba Star Airlines to provide engine overhaul services on the airline's fleet of CFM56-3 engines.
7:31AM IMAX continues network expansion in China With 3 new IMAX theatres ( IMAX ) 23.09 : Co announced it has signed agreements to open a total of three IMAX theatre systems in new construction projects across China. The Company will install one system each with existing partner Omnijoi Cinema Development.
7:18AM On The Wires ( WIRES ) :
- Boeing ( BA ) and the Europe-based TUI Travel PLC have signed a five-year agreement to provide 787 Dreamliner flight, maintenance and cabin safety training.
- ICF International ( ICFI ) and SecureState will team with each other to provide a suite of cybersecurity and reliability services to energy sector clients.
- Daegis ( DAEG ) announced integration with Lotus Notes. Co's eDiscovery Platform will enable Lotus Notes data to be combined with other data sources related to current and future litigations.
- Arrowhead Research ( ARWR ) announced that the first patient has been dosed in a Phase 1 clinical trial with Adipotide, a treatment for obesity.
- Kratos Defense & Security Solutions ( KTOS ) announced that its SecureInfo cybersecurity group has been appointed by the Air Force as a licensed commercial Agent of the Certifying Authority.
7:03AM Beazer Homes announces proposed offering of $275 mln senior secured notes ( BZH ) 2.98 : The Company intends to use the net proceeds from the offering to fund or replenish cash that is expected to be used to fund the redemption of its 12% senior secured notes due 2017.
7:02AM Geoglobal Resources announces sale of 8.5 mln shares in ILDE for ~ 1.4 mln ( GGR ) 0.26 : Co announced that it has sold 8.5 mln shares acquired in the Securities Purchase and Exchange Agreement by and between the Company and The Israel Land Development Company - Energy ("ILDE"), dated as of November 21, 2011. GeoGlobal sold the shares of ILDE through two Israeli investment houses, on an off market basis, at a 12% discount to market due to the shares being restricted until the end of August 2012. Net proceeds to GeoGlobal from the sale of the shares are approximately $1.4 million.
7:01AM Given Imaging announces reimbursement in Japan for expanded PillCam SB indications ( GIVN ) 16.74 : Co announced that the Intellectual Property Tribunal of the Korean Intellectual Property Office said that the company's two Korean patents are valid. The ruling on part of Given Imaging's patent infringement lawsuit against Intromedic Co. Ltd. was filed with Seoul's Central District Court in November 2011. Given Imaging contended that Intromedic's capsule endoscope, marketed under the brand name MiroCam, infringed two of Given Imaging's Korean patents.
7:01AM Golar LNG Partners announces pricing of public offering ( GMLP ) 32.15 : Co announced that it has priced its follow-on public offering of 5,500,000 common units, which represent limited partner interests, at a price of $30.95 per unit. The Partnership has granted the underwriters a 30-day option to purchase up to an additional 825,000 common units. In addition, Golar LNG Limited ("Golar LNG") has agreed to purchase directly from the Partnership in a private placement 969,305 common units at a price of $30.95 per unit, such private placement to close concurrently with the public offering of common units.
6:59AM Sino-Forest announced earlier that it is proceeding to implement restructuring transaction contemplated by the Restructuring Support Agreement and that it terminated sale solicitation process ( SNOFF.PK ) 1.38 : Co announced that it is proceeding to implement the previously announced restructuring transaction pursuant to which its creditors will acquire substantially all of the assets of the co in accordance with the terms described in the Restructuring Support Agreement entered into by certain noteholders and the co on March 30, 2012. Pursuant to the Restructuring Transaction, Sino-Forest will transfer substantially all of its assets, other than certain excluded assets, to a newly formed entity owned and controlled by its creditors in full and final settlement of all claims against the co. accordance with the sale process procedures approved by the Ontario Superior Court of Justice on March 30, 2012 (the "SPP"), Sino-Forest's financial advisor, Houlihan Lokey, had been soliciting offers to purchase substantially all of Sino-Forest's assets. Following consultation with the court-appointed Monitor, FTI Consulting, the Company's financial advisor and the Ad Hoc Committee and its advisors, the co determined that none of the bids submitted pursuant to the SPP constituted Qualified Bids as defined in the SPP and the sale solicitation process has been terminated in accordance with the SPP.
6:47AM On The Wires ( WIRES ) :
- ImmunoGen ( IMGN ) announced the start of clinical testing with its IMGN853 product candidate. The Phase I trial initiated evaluates the safety, tolerability, pharmacokinetics, pharmacodynamics and anticancer activity of this TAP compound in patients with ovarian cancer or other solid tumors that over-express FOLR1, including non-small cell lung cancer.
- Boeing ( BA ) announced a commitment by Avolon to purchase 10 737 MAX 8s and 5 737 MAX 9s, as well as 10 Next-Generation 737-800s. The commitment has a list-price value of $2.3 bln and also includes reconfirmation rights for 5 more 737 MAX airplanes.
- Orexigen Therapeutics ( OREX ) announced an update to the projected timeframe for completion of enrollment of the Light Study, the Contrave cardiovascular outcomes clinical trial. Co now expects to complete enrollment of patients required for the interim analysis of the Light Study in 1Q2013, potentially reducing by half the original projections.
6:45AM Northern Oil & Gas reports that it expects Q2 2012 production to increase ~20% compared to first quarter 2012 ( NOG ) 15.30 : Co reported that Q2 2012 production to increase ~20% compared to first quarter 2012, resulting in an average of ~10,200 barrels of oil equivalent per day. During the first two months of the quarter, the weighted average days on production was ~52 out of a possible 61 producing days, or ~85% of potential producing days. Preliminary estimates of June's weighted average days on production appear to be consistent with the first two months of the second quarter. During the second quarter of 2012, Northern Oil had ~162 gross wells completed and placed into production. As of June 30, 2012, Northern Oil was producing from a total of 955 gross wells.
6:39AM Patriot Coal receives court approval of $802 mln of DIP financing on interim basis ( PCXCQ ) 0.61 : Co announces that the Bankruptcy Court for the Southern District of New York granted Patriot interim approval of its $802 mln Debtor-in-Possession financing from Citigroup Global Markets, Barclays Bank, and Merrill Lynch, Pierce, Fenner & Smith as joint lead arrangers, and granted Patriot interim authorization to access immediately $677 mln of the DIP financing. The DIP financing and cash from the co's ongoing operations will provide Patriot with financial flexibility to operate its business in the ordinary course, including funding post-petition payments to suppliers and meeting other customary business obligations, during the reorganization process. In addition, the Bankruptcy Court granted interim authorization for Patriot to continue to pay wages and provide health care and other benefits to employees, use existing cash management systems, and take certain other actions to help ensure that Patriot's mining operations and customer shipments continue in the ordinary course.
6:32AM Timmins Gold closes amendment to its CAD $18 mln credit agreement with Sprott Resource Lending Partnership ( TGD ) 1.81 : The amended credit agreement has a term of 18 months ending December 31, 2013. Interest is payable in monthly installments at the rate of 8% per annum. Payment of the principal amount outstanding will be made at the end of the term. In consideration of the extension, a bonus payment of 217,918 common shares of Timmins Gold was paid, representing 2% of the principal amount of the loan at a price equal to a 10% discount to the 5 day weighted average trading price on the TSX of the shares of Timmins Gold. The Bonus Shares are subject to a four month hold period expiring November 5, 2012. In the event the loan has not been repaid by July 5, 2013, a further fee of 1% of the loan amount outstanding on that date will be paid to the Lender in common shares priced at the same discount on that date. The Anniversary Shares, if issued, will be subject to a four month hold period.
6:13AM On The Wires ( WIRES ) :
- CIT Group ( CIT ) announced that CIT Aerospace has placed orders with Airbus for 10 A330 aircraft in 2012. Deliveries are scheduled to begin in 2014.
- Zipcar ( ZIP ) announced the acquisition of Denzel Mobility CarSharing GmbH, a car sharing service in Austria, operating under the name CarSharing.at. The acquisition is not expected to have a material impact on Zipcar's 3Q2012 or full-year financial results.
6:07AM Teva Pharma announces favorable United Kingdom court ruling in COPAXONE patent litigation proceeding ( TEVA ) 39.31 : Co announced that the United Kingdom High Court of Justice issued a decision in favor of Teva in a patent litigation proceeding against Generics (UK) Limited, a subsidiary of Mylan Laboratories (MYL), on July 11, 2012. Generics (UK) Limited commenced the proceeding in the UK to seek the revocation of European Patent (UK) 762,888, a patent for COPAXONE (glatiramer acetate injection) expiring May 23, 2015, and to obtain a declaration that its proposed generic version of COPAXONE would not infringe the '888 patent. The High Court specifically determined that the asserted claims of the '888 patent were valid, and also declined to issue a declaration that Generics UK's proposed generic version of COPAXONE would not infringe the '888 patent. Any potential generic version of COPAXONE would require a marketing authorization from the Medicines and Healthcare products Regulatory Agency before it could be commercialized.
5:53AM On The Wires ( WIRES ) :
- Pharmaceutical co Jubilant Life Sciences has chosen process automation technologies and services from Emerson Process Management, a global business of Emerson ( EMR ), to help increase productivity, reduce costs, and improve efficiency at three manufacturing plants in Gujarat state, India.
- Data Security International ( VDSI ) announced that VASCO's DIGIPASS technology is combining with Intel's ( INTC ) latest generation of Intel inspired Ultrabook devices to provide strong account protection.
- SynapSense and Equinix ( EQIX ) were recently selected as a winner of the Green Data Center Innovation Challenge by the Infocomm Development Authority of Singapore.
- China Xiniya Fashion ( XNY ) announced its agreement to grant an exclusive license to Guangzhou Shuochen Clothing Development Co to use the registered Xiniya brand for designing, developing, marketing and selling leather shoes, bags and other goods through specialty retail outlets, including department store concessions in China, with effect from August 1, 2012 to November 30, 2018.
- Raytheon ( RTN ) announced plans to compete for the U.S. Air Force's Deployable Radar Approach Control program.
- Juniper Networks ( JNPR ) announced that Telefonica Digital has selected Juniper Networks Junos Pulse Mobile Security Suite to create a branded mobile security service for its consumer customer base across Europe.
- Nova Measuring Instruments ( NVMI ) announced a technological breakthrough that will enable chipmakers to accelerate the development and improve production yield of multi-chip integrations that rely on TSVs.
3:42AM NYSE Euronext reports trading volumes in June lower across most venues both YoY and sequentially ( NYX ) 41.01 : Co announces trading volumes for its global derivatives and cash equities exchanges for June 20121. Trading volumes in June 2012 were mostly down year-over-year and month-over-month with the exception of European cash trading, which increased 9.9% compared to the prior year and increased 3.5% compared to May 2012. For the second quarter, trading volumes increased from weak first quarter 2012 levels. Other highlights include: (-) NYSE Euronext global derivatives ADV in June 2012 of 8.3 million contracts decreased 5.9% compared to June 2011 and decreased 10.6% from May 2012 levels. (-) NYSE Euronext European derivatives products ADV in June 2012 of 4.6 million contracts decreased 0.8% compared to June 2011 and decreased 8.5% from May 2012. Excluding Bclear, NYSE Liffe's trade administration and clearing service for OTC products, European derivatives products ADV decreased 11.6% compared to June 2011 and decreased 4.8% from May 2012 levels. (-) NYSE Euronext U.S. equity options ADV of 3.6 million contracts in June 2012 decreased 11.7% compared to June 2011 levels and decreased 13.8% from May 2012. NYSE Euronext's U.S. options exchanges accounted for 25.6% of total U.S. consolidated equity options trading in June 2012, down from 26.4% in June 2011 and down from 26.7% in May 2012.
2:28AM Royal Dutch Shell signs SPA to acquire Gasnor ( RDS.A ) 67.53 : Co, the current owner of 4.1% of the shares in Gasnor AS, has signed a Share Purchase Agreement for the acquisition of the remaining outstanding shares in the co for $74 mln. Subject to Norwegian regulatory approvals, the transaction is expected to be closed in the 3rd quarter of 2012. Through this acquisition, RDS will capitalise on Gasnor's experience in LNG sales and marketing, combining it with its own customer reach to target European marine customers ahead of new environmental regulations that will come into force from 2015.
1:14AM On The Wires ( WIRES ) :
- Vicor ( VICR ) announced at the Techno-Frontier conference in Tokyo its direct 48V-to-processor power conversion solution for the datacenter, cloud computing and telecom markets.
- Equinix ( EQIX ) announced the completion of the second phase of its second International Business Exchange data center in Hong Kong to align with surging market demand from cloud providers and the financial services industry.
- T-Mobile USA, a unit of of Deutsche Telekom ( DTEGY ) announced the Aug. 8 availability of two new additions to its exclusive lineup of T-Mobile myTouch smartphones, the new T-Mobile myTouch and T-Mobile myTouch Q.
- Mead Johnson Nutrition ( MJN ) confirmed that the Hunan Provincial Credit Construction Promotion Council has issued an apology for erroneous reports based on invalid testing related to the presence of Vanillin in infant formula products.
12:55AM DIRECTV: Viacom (VIAB) drops 17 national networks from DIRECTV Lineup after ignoring DTV's latest proposal ( DTV ) 48.69 : Co announces customers were left without Nickelodeon, MTV, Comedy Central and 14 other channels, after Viacom (VIA.B) dropped its networks from DIRECTV at approximately midnight EDT. DIRECTV executives reached out to Viacom both yesterday and today with a new proposal and a request to keep the channels on while we continued to negotiate, but never heard back, so DIRECTV had to comply with their demand to take the channels down or face legal action.
12:44AM Whitestone REIT reports 6% Increase in Occupancy Q2 2012 vs Q2 2011 ( WSR ) 13.73 : Co reports occupancy and leasing highlights for the second quarter ended June 30, 2012. The physical occupancy of its Operating Portfolio1 was 87% as of June 30, 2012, reflecting a 6% percent increase over the year-ago first quarter ended June 30, 2011 and a 2% increase versus the prior quarter ended March 31, 2012. The co's total occupancy was 87% as of the end of the current quarter, a 2% increase from March 31, 2012. Whitestone's leasing team signed 92 leases totaling 190,000 square feet in new and renewal leases during the second quarter, and added 22 new tenants to its roster of primarily small entrepreneurial retail service business tenants.
12:25AM Beazer Homes prices 22 mln shares of common stock at $2.90 per share; prices 4 mln 7.50% tangible equity units at $25 each ( BZH ) 2.98 :
12:22AM American Campus Communities prices 15 mln shares of common stock at $44.25 ( ACC ) 45.00 :
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