From: Voxant Newsroom on Wed, Jul 06 2011 11:24 PM

On the call side, Blackstone Group (NYSE:BX) calls are trading at close to 8 times their average volume on news that the company could be planning several acquisitions. VirnetX (NYSE:VHX) calls are trading over 6 times their average volume after an analyst upgrade. Xerox (NYSE:XRX) calls are als...

From: Voxant Newsroom on Wed, Jul 06 2011 11:22 PM

Permira is the frontrunner to buy Genesys, an Alcatel-Lucent (NYSE:ALU) unit, in a report by Reuters. According to sources familiar with the situation, Permira is offering $1.3B and the process is expected to last another month."Permira is the lead horse. It is offering $1.3 billion and the proc...

From: Voxant Newsroom on Wed, Jul 06 2011 11:10 PM

Viacom’s (NYSE:VIA.B) Paramount will start producing one animated film a year in 2014 via the launch of it's new unit, Paramount Animation.Paramount's distribution relationship with DreamWorks Animation (NASDAQ:DWA), which ends at the close of 2012, is brought into question because of ...

From: Voxant Newsroom on Wed, Jul 06 2011 11:10 PM

Real estate website Zillow filed to sell 3.46M shares in an initial public offering expected to price between $12.00 and $14.00 per share. Concurrent with the closing of the offering, existing investors, including funds affiliated with Technology Crossover Ventures, have agreed to purchase from ...

From: Voxant Newsroom on Wed, Jul 06 2011 10:59 PM

Merriman downgraded Netflix (NASDAQ:NFLX) based on valuation, difficult margin comps, inreased international spending, and higher costs to new content agreements. The first set their price target range from $300-$330.Netflix is currently above its 50-day moving average (MA) of $251.42 and above ...

From: Voxant Newsroom on Wed, Jul 06 2011 10:59 PM

Siemens AG (NYSE: SI) plans to undertake its first solar-thermal power plant within two months.The company is requesting financing for projects that will triple its capacity, according to the company’s head of solar energy for Spain.A Siemens executive said in an interview, "This summer we will ...

From: Voxant Newsroom on Wed, Jul 06 2011 10:59 PM

Good Morning. It’s Wednesday, July 6, 2011. At this hour, U.S. equity futures are down. Overseas, the Asian markets were mixed, while the European markets are lower. DST Systems (NYSE:DST) acquired assets of IntelliSource Healthcare Solutions. No terms were disclosed. CNOOC (NYSE:CEO) announced ...

From: Voxant Newsroom on Wed, Jul 06 2011 10:59 PM

Walgreens (NYSE:WAG) had June sales of $6.04 billion, up 6.8% year-over-year. Total front-end sales increased 6.4% in June, while comparable store front-end sales rose 4.7%. Customer traffic in comparable stores increased 1.3% and basket size rose 3.4%.Walgreen has a potential upside of 11.3% ba...

From: Voxant Newsroom on Wed, Jul 06 2011 8:59 PM

AAR (NYSE: AIR) announced that it has been awarded a five-year contract to provide lightweight, multi-purpose shelters for the U.S. Army, valued up to $14M.The Company was also awarded a three-year contract valued at up to $10M, under which it will provide 20' ISO shelters for the U.S. Army...

From: Voxant Newsroom on Wed, Jul 06 2011 8:59 PM

Permira is the frontrunner to buy Genesys, an Alcatel-Lucent (NYSE:ALU) unit, in a report by Reuters. According to sources familiar with the situation, Permira is offering $1.3B and the process is expected to last another month."Permira is the lead horse. It is offering $1.3 billion and the proc...

From: Voxant Newsroom on Wed, Jul 06 2011 8:48 PM

Warner Music Group (NYSE:WMG) announced that at a special meeting of stockholders held earlier. Stockholders voted to adopt the previously announced merger agreement with Airplanes Music LLC and Airplanes Merger Sub, Inc., affiliates of Access Industries.Under the terms of the Merger Agreement, ...

From: Voxant Newsroom on Wed, Jul 06 2011 8:48 PM

Citigroup upgraded FXCM Inc (NASDAQ:FXCM) to hold from sell and lifted its price target to $11 from $7.The bank sees 2011 EPS of $0.65, up from $0.58 per share, and 2012 EPS of $0.87, up from $0.71 per share.

From: Voxant Newsroom on Wed, Jul 06 2011 8:48 PM

Citigroup raised its 2011 and 2012 EPS estimates for Danaher Corp. (NYSE:DHR) and maintained its buy rating and $64 price target.The bank sees 2011 EPS of $2.82, up from $2.75 per share, vs. consensus estimates of $2.81 per share, and 2012 EPS of $3.35, up from $3.05 per share, vs. consensus est...

From: Voxant Newsroom on Wed, Jul 06 2011 8:48 PM

Everclear frontman Art Alexakis talks about going solo in between the band’s albums.

From: Voxant Newsroom on Wed, Jul 06 2011 8:48 PM

Citigroup lowered its 2012 EPS estimate for Campbell Soup (NYSE:CPB) and maintained its hold rating and $36 price target.The bank sees 2011 EPS of $2.45, in line with consensus estimates, and 2012 EPS of $2.40, down from $2.45 per share, vs. consensus estimates of $2.48 per share.Campbell Soup h...

From: Voxant Newsroom on Wed, Jul 06 2011 6:38 PM

It was another day of light trading on Wall Street, as markets continued to inch higher, despite a dip in the ISM non-manufacturing index which fell to 53.3 in June. Economists had expected that number to fall to 54.0.

From: Voxant Newsroom on Wed, Jul 06 2011 4:52 PM

In trading on Wednesday, advertising shares were relative laggards, down on the day by about 0.9%. Helping drag down the group were shares of MDC Partners (MDCA), down about 3.7% and shares of Wpp Plc Ads (WPPGY) down about 2.8% on the day.

From: Voxant Newsroom on Wed, Jul 06 2011 4:40 PM

When NASAs 30-year Space Shuttle program officially ends on July 8th with the launch of the Space Shuttle Atlantis, more than 7,000 people will lose their jobs at the Kennedy Space Center — devastating Floridas already sluggish economy. Jon Decker reports.

From: Voxant Newsroom on Wed, Jul 06 2011 4:39 PM

In trading on Wednesday, trucking shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Arkansas Best (ABFS), up about 7.8% and shares of Con-way (CNW) up about 5% on the day.

From: Voxant Newsroom on Wed, Jul 06 2011 2:18 PM

After the bell on Tuesday, RPM International (RPM) declared its quarterly dividend of 21 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 3.6% going forward.