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Hartford Boosted by TARP

Tags: hig
3 Jul 4:49am
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 TARP to Boost HIG's Capital PositionHartford Financial Services (HIG) announced that it has accepted all of the $3.4 billion approved under the Federal Troubled Asset Relief Program (TARP). In return, the company will issue preference shares carrying a 5% dividend, with an option to purchase as much as $510 million in company stock at $9.79 a share.Earlier, HIG announced a plan to sell up to $750 million in common stock to raise further capital. HIG has issued 1.2 million shares...
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KMP’s Technological Breakthrough

Tags: kmp
3 Jul 4:37am
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Kinder Morgan Energy Partners, L.P. (KMP) -- the largest independent owner and operator of petroleum product pipelines in the U.S. -- completed its first commercial shipment of bio-diesel through its Plantation Pipeline Company. The process, a technological breakthrough in transporting bio-diesel through pipelines, carried the fuel to various marketing terminals across Georgia and Virginia.Until now, shipment of bio-diesel has been limited to trucks and trains due to several problems ...
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Hotel Metrics Stay Down

Tags: mar, hot
3 Jul 4:25am
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Hotel Metrics Down, Others Finally Catching On The second quarter of 2009 proved to be even more challenging than the first for hotel companies in the United States. And as it becomes increasingly clear that a recovery in the industry isn’t likely to happen any time in the near term, others on Wall Street have begun to change their outlooks. After declining 19.0% in the first quarter of the year, weekly average revenue per available room, or RevPAR, declined 20.1% in the...
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Lindsay Beats Expectations

Tags: lnn
3 Jul 4:17am
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Lindsay Corporation (LNN) reported fiscal third-quarter earnings of $0.42 per share, beating our expectations of $0.34 per share and market expectations of $0.25 per share. The company has been successful in cutting personnel as well as other operating expenses through its cost-reduction initiatives implemented in the first three quarters of fiscal 2009.The company posted revenue of $84.6 million for the quarter, compared to $143.6 million in the third quarter of fiscal 2008. Current ...
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Verizon Gets BlackBerry Tour

Tags: S, RIMM, VZ, NOK, TU, T, PALM, AAPL
3 Jul 4:00am
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Verizon Wireless (VZ) has finally confirmed that Research In Motion's (RIMM) BlackBerry Tour 9630, the highly anticipated 3G smartphone device, will hit the stores on July 12. Verizon will sell the Tour for $199.99 after a $70 mail-in rebate with a new two-year customer contract. Currently, customers can pre-order the Tour from Verizon stores. The Tour will enable customers make phone calls and access e-mail and Internet wherever Verizon's data roaming services are available. ...
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Zacks Investment Research is one of the most highly regarded firms in the investment industry. Our firm has long believed that that quantitative models (like the Zacks Rank) can predict stock prices more accurately than individual analysts. However we also recognize that models are most effective when they are employed by analysts who have deep fundamental knowledge of the company and its industry. Consequently Zacks Equity Research combines Zacks quantitative models with the insight provided by an experienced team of 50 analysts to create superior long term stock recommendations. Discover all their timely insight and recommendations daily on Zacks.com.

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