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Market News Roundup (MLG, BAC, IBM)

Market News Roundup (MLG, BAC, IBM)

Posted on 06 December 2010 by Finance Wire

Several stories could have an impact on specific companies today.

The following stocks should see some movement: MetLife (NYSE:MLG), Bank of America Corp. (NYSE:BAC), IBM (NYSE:IBM).

Here is a more detailed look at stories affecting the firms’ stock prices.

MetLife (NYSE:MLG)

MetLife (NYSE:MLG)

MetLife (NYSE:MLG) has planned to stop the sales of its long-term care.

According to the company, the “financial challenges” facing by the diligence has turned it to halt selling of insurance coverage for ‘nursing’ old people and other long-term care costs. But it assured to repute existing policies.

Meanwhile, other companies in the insurance area are also planning either to halt or looking for a rigid premium increase from insurance regulators throughout the country.

Bank of America Corp. (NYSE:BAC)

Bank of America Corp. (NYSE:BAC)

Bank of America Corporation (NYSE:BAC) Merrill Lynch’s contact centers has been recognized for excellence.

Call center operation of Bank of America Corporation (NYSE:BAC) Merrill Lynch’s Retirement Contact Centers has been awarded for customer satisfaction excellence by  J.D. Power and Associates Call Center Certification Program for a seventh consecutive year.

Mark Alexander, head of Bank of America Corporation (NYSE:BAC) Global Wealth & Investment Management Technology & Operations said, “Our business revolves around the quality and consistency of client experiences across multiple communication channels, be they in-person, online, over the phone or via email. Participating in the J.D. Power call center certification program gives us an objective benchmark to measure how well we are serving our clients.”

IBM (NYSE:IBM)

IBM (NYSE:IBM)

L&T Infotech has announced a strategic partnership with IBM (NYSE:IBM) in the Business Process Management (BPM) space.

Leading global IT services provider L&T Infotech has announced a strategic partnership with IBM (NYSE:IBM) in the Business Process Management (BPM) space, using its WebSphere Lombardi Suite of products.

Pradeep Nair, Director – Software Group – IBM India/South Asia, said, “Business Process Management (BPM) software and services from IBM help organizations optimize business performance by discovering, documenting, automating, and continuously improving business processes to increase efficiency and reduce costs. We know that the combination of IBM Lombardi’s class-leading BPM technology and L&T Infotech’s depth of industry expertise will deliver superior value and most importantly, near-term return on investment, to our clients.”

Expect more movement as the stock markets continue for MetLife (NYSE:MLG), Bank of America Corp. (NYSE:BAC) and IBM (NYSE:IBM).

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Tyson Foods (NYSE:TSN): Chickens Get New House

Posted on 04 December 2010 by Finance Wire

Tyson Foods (NYSE:TSN) has decided to invest $13 million in new equipment and additional chicken houses.

Tyson Foods (NYSE:TSN): Chickens Get New House

Tyson Foods (NYSE:TSN) is installing new chilling and processing equipment at the Hope plant in an effort to increase operational efficiencies. The additional chicken houses are needed at the complex due to a slight increase made in size specifications for the chickens raised by contract poultry farmers.

Randy King, the manager of Tyson Foods (NYSE:TSN)’s Hope poultry complex said that, “This initiative reflects our determination to make sure our complex continues to raise and process the highest quality chicken in the most efficient way possible.”

Tyson Foods Stock Info

As of 12/3/2010 (Last trade – 4:04pm), the Tyson Foods (NYSE:tsn) shares are sitting at 16.9.

Over the past three months there has been a 5.1% movement in the Tyson Foods (NYSE:tsn) stock price.

Tyson Foods (NYSE:tsn)
Last Price: 16.9
52 Week Low / High: 12.06 / 20.57
Market Cap: 6380000
Consensus Analyst Opinion: Moderate Buy
Zack’s Industry Rank: 3 out of 9

We will continue checking the Tyson Foods (NYSE:tsn) stock price for developments over the next couple of weeks.

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Home Depot (NYSE:HD) On Sustainable Community Development

Posted on 04 December 2010 by Finance Wire

Home Depot (NYSE:HD) foundation has announced 2010 awards of excellence for Sustainable Community Development.

Home Depot (NYSE:HD) On Sustainable Community Development

The Home Depot (NYSE:HD) foundation has declared the recipients of the 2010 Awards of excellence for Sustainable Community Development. The awards recognize cities with successful development and implementation of sustainability plans, including cultivating public-private partnerships, multi-faceted data collection and integrated feedback, resulting in a more sustainable community.

Kelly Caffarelli, the president of Home Depot (NYSE:HD) Foundation said that, “Cities around the country are feeling the profound impacts of the current economic downturn. As a result, many are finding innovative and successful ways to save money by implementing sustainable practices into their policies and operations. We hope that by working with NLC and identifying, recognizing and showcasing these success stories through our Awards of Excellence will offer insight, inspiration and a roadmap for other cities to follow as they face the economic challenges that still lie ahead.”  

Home Depot Inc. Stock Info

As of 12/3/2010 (Last trade – 4:03pm), the Home Depot Inc. (NYSE:hd) shares are sitting at 33.48.

Over the past three months there has been a 13.4% movement in the Home Depot Inc. (NYSE:hd) stock price.

Home Depot Inc. (NYSE:hd)
Last Price: 33.48
52 Week Low / High: 26.62 / 37.03
Market Cap: 54810000
Consensus Analyst Opinion: Hold
Zack’s Industry Rank: 1 out of 6

We will continue checking the Home Depot Inc. (NYSE:hd) stock level for developments over the next few weeks.

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Boeing (NYSE:BA) Unmanned Spacecraft Is Back

Posted on 04 December 2010 by Finance Wire

Boeing (NYSE:BA)’s unmanned space vehicle has returned back to earth.

Boeing (NYSE:BA) Unmanned Spacecraft Is Back

The Boeing (NYSE:BA) built X-37B unmanned space vehicle completed its first flight, landing at Vandenberg Air Force Base, in California, after a 220-day mission for the U.S. Air Force. The X-37B is the United States’ first unmanned vehicle to return from space and land on its own and the only space vehicle other than the space shuttle that is capable of returning to earth for reuse.

Paul Rusnock, Boeing (NYSE:BA)’s vice president of Experimental Systems and program director for the X-37B said that, “This marks a new era in space exploration, and we look forward to the launch of the second vehicle in 2011. By combining the best of aircraft and spacecraft into an affordable, responsive unmanned vehicle, Boeing has delivered an unprecedented capability to the (U.S. Air Force Rapid Capabilities Office).”

Boeing Co. Stock Info

As of 12/3/2010 (Last trade – 4:03pm), the Boeing Co. (NYSE:ba) company shares are sitting at 66.54.

Over the past three months there has been a 5.1% change in the Boeing Co. (NYSE:ba) stock price.

Boeing Co. (NYSE:ba)
Last Price: 66.54
52 Week Low / High: 53.1 / 76
Market Cap: 48810000
Consensus Analyst Opinion: Moderate Buy
Zack’s Industry Rank: 1 out of 6

We will continue checking the Boeing Co. (NYSE:ba) share price for developments over the next couple of weeks.

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Microsoft Corporation (NASDAQ:MSFT) Geofly Deal

Posted on 04 December 2010 by Finance Wire

Vexcel Imaging GmbH, a Microsoft Corporation (NASDAQ:MSFT) company, has contracted with GeoFly.

Microsoft Corporation (NASDAQ:MSFT) Geofly Deal

GeoFly has signed the contract with Vexcel Imaging GmbH, a Microsoft Corporation (NASDAQ:MSFT) company for purchasing an UltraCamLp photgrammetric digital aerial camera system. The UltraCamLp is a unique camera system that bridges the gap between traditional medium-format imaging sensors and large-format photogrammetric sensors.

Alexander Wiechert, the business director of Microsoft Corporation (NASDAQ:MSFT) Managing Director for Vexcel Imaging GmbH said that, “We are pleased that GeoFly has decided to supplement its aerial collection capabilities with an UltraCamLp its second UltraCam camera. The UltraCamLp provides the added flexibility of fitting in smaller aircraft without sacrificing image quality and footprint capacity.”

Microsoft Corp. Stock Info

As of 12/3/2010 (Last trade – 4:00pm), the Microsoft Corp. (NASDAQ:msft) stocks are sitting at 27.02.

Over the past three months there has been a 12.3% change in the Microsoft Corp. (NASDAQ:msft) stock price.

Microsoft Corp. (NASDAQ:msft)
Last Price: 27.02
52 Week Low / High: 22.73 / 31.58
Market Cap: 231170000
Consensus Analyst Opinion: Moderate Buy
Zack’s Industry Rank: 21 out of 79

We’ll be keeping a close eye on the Microsoft Corp. (NASDAQ:msft) stock price for developments over the next couple of weeks.

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