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Dividend Scan: BBY, ENSG, HST, HEI, PEB, CHK, SRE, PKE
Publish Date : 6/15/2011 11:00:00 AM
Amidst the negative movement of the US stock indexes, several companies declared their future dividend plans. Some notable dividend payers are discussed here.
Google Cleared for Nortel Auction
Publish Date : 6/15/2011 11:00:00 AM
According to various news reports, Google Inc. has the green light to go forward with its $900 million bid for a plethora of patents puts up for sale by Nortel Networks Corp.
Greeks Goes on Strike over Austerity
Publish Date : 6/15/2011 10:30:00 AM
Thousands of Greeks joined a 24-hour general strike to protest against the government’s latest austerity measures amid worries over the Greece’s debt crisis after euro-zone officials failed to agree on the shape of a second aid package for Greece.
DST Systems Gets Buyout Offers: Report
Publish Date : 6/15/2011 9:40:00 AM
DST Systems Inc. (NYSE: DST), a provider of information processing and software services and products, has received several buyout proposals from private equity firms in recent months, Reuters reported, citing people with the knowledge of the situation.
Pandora Media Priced Shares at $16 in IPO
Publish Date : 6/15/2011 7:24:00 AM
Online radio company Pandora Media Inc., whose shares are expected to start trading today on the New York Stock Exchange under the ticker symbol “P”, sad late Tuesday that it has raised its share price expectation in its initial public offering to $16 a share, above an already raised range.
Sensata Technologies Buying Sensor-NITE for $325 Million
Publish Date : 6/15/2011 5:59:00 AM
Sensata Technologies Holding N.V. (NYSE: ST), one of the world's leading suppliers of sensing, electrical protection, control and power management solutions, has reached an agreement under which Sensata will acquire shares of Sensor-NITE Group Companies from Elex Group for $325 million (225 million euro).
Canada’s Breakwater Resources Agrees to Nyrstar Offer
Publish Date : 6/15/2011 5:12:00 AM
Canada-based mining, exploration and development company, Breakwater Resources Ltd. (Toronto: BWR) said today that it has entered into a binding agreement with Belgium-based Nyrstar NV, the world’s biggest zinc producer, under which Nyrstar has agreed to make an all-cash offer to acquire all of the issued and outstanding shares of Breakwater Resources.
Lockheed’s Space Systems to Eliminate 1,200 Jobs
Publish Date : 6/15/2011 4:04:00 AM
Lockheed Martin Corporation’s (NYSE: LMT) Space Systems Company, a major business area of the company, said that it is planning to eliminate 1,200 employees in order to address its affordability issues and improve is competitive posture.
JPMorgan Chase Changes Responsibilities at Top Ranks
Publish Date : 6/15/2011 3:15:00 AM
JPMorgan Chase & Co. (NYSE: JPM) said late Tuesday that Heidi Miller, president of its international business, will retire from the firm in 2012. The company’s CEO Jamie Dimon, also announced the removal of the head of bank’s consumer banking business and reshuffled several top executives in the biggest shake-up of his management team since the financial crisis.
Dendreon Retains Buy Rating at DB
Publish Date : 6/14/2011 3:00:00 PM
Dendreon Retains Buy Rating at DBAnalysts at Deutsche Bank retained Buy rating on the shares of Dendreon Corp. (Nasdaq: DNDN) amidst rising concerns that the latter’s Provenge drug for treatment of cancer could be classified as a procedure instead of a drug in the final national coverage determination on June 30, 2011. They set a price target of $54 for the stock.

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