U.S. District Judge James M. Moody signed off on the package after a 30-minute hearing in a Little Rock, Ark., federal courtroom.
STORY: Pilot reaches settlement with 8 trucking firms
STORY: 9 Pilot Flying J employees out amid federal probe
The deal settles most, but not all, of the lawsuits filed after a raid by federal agents on Pilot's Knoxville, Tenn., headquarters on April 15. A 120-page affidavit filed just after the raid by an FBI agent detailed a scheme by Pilot's top sales executives to secretly reduce rebates promised to trucking firms.
Michael Roberts, the attorney representing the truckers who have agreed to settle their claims against Pilot, said the total had been increased to about $85 million, with $56.5 million going to the truckers plus $9.75 million in interest payments.
Best Communications Equipment Stocks To Buy For 2015: Syneron Medical Ltd. (ELOS)
Syneron Medical Ltd., together with its subsidiaries, engages in the research, manufacture, development, marketing, and sale of aesthetic medical products worldwide. The company develops products based on its proprietary Electro-Optical Synergy (ELOS) technology, which uses the synergy between electrical energy and optical energy to provide aesthetic medical treatments. Its products target a range of non-invasive aesthetic medical procedures, including hair removal, wrinkle reduction, rejuvenation of the skin�s appearance through the treatment of superficial benign vascular and pigmented lesions, acne treatment, treatment of leg veins, treatment for the temporary reduction in the appearance of cellulite and thigh circumference, ablation and resurfacing of the skin, laser-assisted lipolysis, and topical skin brightening products. It also develops, manufactures, and markets non-invasive technologies for fat cell destruction and body sculpting; and Viador system, a handheld device with a radiofrequency-needle array for use in transdermal delivery of biologic drug-products via a system-specific skin patch. The company sells its products to dermatologists, plastic and cosmetic surgeons, other qualified practitioners, and aestheticians and medical spas through direct sales force and distributors; and to home-use consumers directly, as well as through retailers and a chain of distributors. Syneron Medical Ltd. was founded in 2000 and is headquartered in Yokneam Illit, Israel.
Advisors' Opinion:- [By Seth Jayson]
Syneron Medical (Nasdaq: ELOS ) reported earnings on May 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Syneron Medical met expectations on revenues and met expectations on earnings per share. - [By John Udovich]
Large cap serial acquirer�Valeant Pharmaceuticals International Inc (NYSE: VRX) is teaming up with activist investor�Bill Ackman to pursue large cap Botox maker Allergan, Inc (NYSE: AGN), but stocks like Cutera, Inc (NASDAQ: CUTR), Cynosure, Inc (NASDAQ: CYNO), PhotoMedex Inc (NASDAQ: PHMD) and Syneron Medical Ltd (NASDAQ: ELOS)�actually offer investors more exposure to the growing anti aging and aesthetics market (Note: See my recent article: These Small Caps Seek to Treat Your Crow�� Feet and Double Chin (RVNC & KYTH)). To begin with, Valeant Pharmaceuticals International has a wide focus on neurology, dermatology and infectious diseases�but acquiring the maker of Botox won�� be its first foray into the aesthetic market�because earlier this year, the company completed its acquisition of Solta Medical Inc (NASDAQ: SLTM) -�a designer, developer, manufacturer and marketer of�energy-based medical device systems for aesthetic applications.�And while�Allergan, Inc may be most well known for Botox, its actually a pretty big�company focused on a diverse range of areas, including ophthalmic pharmaceuticals, dermatology, neuroscience, urology and cosmetics���meaning the following stocks offer investors better exposure to the aesthetics market:
- [By Eric Volkman]
Syneron Medical (NASDAQ: ELOS ) has put a familiar person on its CEO throne. The company named Shimon Eckhouse as its new chief executive, effective immediately. He succeeds Louis Scafuri, who will "remain available" to the firm through the current quarter to aid in the transition.
Top Trucking Companies To Watch For 2014: Ashford Hospitality Trust Inc (AHT)
Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale and upscale full-service and select service hotels in primary, secondary and resort markets. It also invests in mid-scale and luxury hotels. The firm invests across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans, construction loans, and sale-leaseback transactions. It primarily concentrates among Marriott, Hilton, Hyatt, and Starwood brands. Ashford Hospitality Trust, Inc. was founded in 1968 and is based in Dallas, Texas.
Advisors' Opinion:- [By Rich Duprey]
Seeking to create clarity for investors by creating a company focused solely on the luxury hotel segment, Ashford Hospital Trust (NYSE: AHT ) announced yesterday it was spinning off eight of its properties into a new real estate investment trust to be called Ashford Hospitality Prime.
- [By Monica Gerson]
Ashford Hospitality Trust (NYSE: AHT) shares declined 5.45% to $10.59 after the company priced 7.5 million shares at $10.70 per share.
Walter Energy (NYSE: WLT) fell 4.55% to $7.97 after UBS downgraded the stock from Neutral to Sell.
Top Trucking Companies To Watch For 2014: iShares 20+ Year Treasury Bond ETF (TLT)
iShares Lehman 20+ Year Treasury Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the long-term sector of the United States Treasury market as defined by the Lehman Brothers 20+ Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade (Baa3 or better) by Moody�� Investors Service, are fixed rate, and have more than $150 million par outstanding. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes, state and local government series bonds, and coupon issues that have been stripped from assets that are already included in the Index.
The Index is a market capitalization-weighted index. The Fund invests in a representative sample of the securities in the Index, which has a similar investment profile as the Index. The Fund�� investment advisor is Barclays Global Fund Advisor.
Advisors' Opinion:- [By Bonnie Gortler]
The iShares Barclays 20-Year Treasury Bond ETF (TLT), is a long-term Treasury Bond index, with bond maturities of 20 years or more that are denominated in US dollars. When long-term interest rates fall, TLT rises.
- [By Jon C. Ogg]
It is no secret now that interest rates have risen. Long-term Treasury yields and even intermediate Treasury yields are now perhaps even starting to normalize even with Ben Bernanke and the Federal Reserve keeping Fed Funds down at the 0.00% to 0.25% target rate. The problem that is going to startle longer-term bond investors is that the 10-year Treasury Note is getting closer and closer to 3% and the 30-year Treasury Bond is getting closer to 4%. We are seeing that the iShares Barclays 20+ Year Treasury Bond (NYSEMKT: TLT) and the ProShares�UltraShort�20+ Year Treasury (NYSEMKT: TBT) are also starting to reach critical levels.
- [By Chris Ciovacco]
Similarities To 2007-2008?
One way to evaluate any situation in the markets is to compare the present day to previous bearish market turns and look for similarities. The Junk Bond Spyder ETF (JNK) can be used as an excellent proxy for the high-yield debt markets. Since JNK did not start trading until 2008, to go back to the stock market's October 2007 peak, the graph below uses a mutual fund (FIHBX) as a proxy for JNK. The top of the chart shows the S&P 500 for comparison purposes. The ratio of junk debt to conservative debt is below the S&P 500. When the bond ratio rises, demand for junk bonds is greater than demand for conservative Treasuries. Were the debt markets a step ahead of stocks in 2007? Yes, as you can see below, bond investors started to migrate away from junk bonds toward more conservative Treasuries (TLT) well before stocks peaked (falling ratio). The credit markets correctly forecasted the coming risks in June 2007, or four months before a major bear market began in October. - [By Tom Aspray]
Bonds, as represented by the iShares Barclays 20+ Year Treasury Bond (TLT) are down 12.3%, so far in 2013, while the Vanguard FTSE Emerging Markets ETF (VWO) did only slightly better losing 10.4%.
Top Trucking Companies To Watch For 2014: Natural Gas(NG)
NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral properties primarily in North America. The company primarily explores for gold, silver, copper, zinc, and lead ores. It holds interests in the Donlin Creek property covering 81,361 acres and the Ambler property comprising 90,614 acres located in Alaska; and the Galore Creek property comprising 293,838 acres located in northwestern British Columbia, Canada. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.
Advisors' Opinion:- [By Holly LaFon]
He increased his holdings in gold companies in the fourth quarter accordingly. Gold stocks he found attractive in the fourth quarter are: Novagold Resources (NG), Randgold Resources (GOLD), Iamgold Corp. (IAG), Barrick Gold Corp. (ABX), Agnico Eagle (AEM) and International Tower Hill (THM).
- [By Rich Duprey]
The worst performer in the sector was NovaGold Resources (NYSEMKT: NG ) , which fell 13% yesterday as it scrambles to make sense of its Donlin Gold project in Alaska, the biggest known undeveloped gold deposit anywhere. The joint venture with Barrick has essentially been in limbo since NovaGold's partner said last year it no longer made economic sense to pursue it.
- [By Dan Caplinger]
Moreover, highly speculative miners have also done badly. NovaGold Resources (NYSEMKT: NG ) represented a $130 million investment for Paulson as of March 31, and it has lost more than 55% year-to-date as investors question whether the company will successfully get its Donlin Gold project in Alaska off the ground.
- [By Monica Gerson]
NovaGold Resources (NYSE: NG) is expected to post a Q3 loss at $0.03 per share.
Premier Exhibitions (NASDAQ: PRXI) is projected to post its Q2 earnings.
Top Trucking Companies To Watch For 2014: Kratos Defense & Security Solutions Inc.(KTOS)
Kratos Defense & Security Solutions, Inc. provides mission critical products, services, and solutions in the United States. The company?s Kratos Government Solutions segment offers various services comprising weapon systems sustainment, lifecycle support, and extension; command, control, communications, computing, combat systems, intelligence, surveillance, and reconnaissance services, including cybersecurity, cyberwarfare, information assurance, and situational awareness solutions; military range operations and technical services; missile, rocket, and weapons systems test and evaluation; mission launch services; modeling and simulation; unmanned aerial vehicle products and technology; advanced network engineering and information technology services; and public safety, security, and surveillance systems integration. Its Public Safety & Security segment provides independent integrated solutions for homeland security, public safety, critical information, and security and su rveillance systems. This segment?s solutions consists of designing, installing, and servicing building technologies that protect people, critical infrastructure, assets, information, and property in various areas, such as the design, engineering, and operation of command and control centers; design, engineering, deployment, and integration of access control; building automation and control; communications; digital and closed circuit television security and surveillance; fire and life safety; maintenance services; and product support services. The company primarily serves the United States government agencies, including the department of defense, classified agencies, intelligence agencies, other national security agencies, and homeland security related agencies. The company was formerly known as Wireless Facilities, Inc. and changed its name to Kratos Defense & Security Solutions, Inc. in September 2007. The company was founded in 1994 and is headquartered in San Diego, Cali fornia.
Advisors' Opinion:- [By William Patalon III]
Since we recommended Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) back on June 6, the stock has soared nearly 40%.
And we believe there's more to come.
- [By MONEYMORNING]
That's the case with Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS), which provides mission critical engineering, IT services, and war fighter solutions for the U.S. federal government and for state and local agencies
- [By Jake L'Ecuyer]
Equities Trading UP
Kratos Defense & Security Solutions (NASDAQ: KTOS) shot up 7.19 percent to $7.75 after the company reported that it has been awarded a five-year seaport-e contract. - [By Monica Gerson] Related VNET Mid-Day Market Update: Foot Locker Jumps On Upbeat Results; Analogic Shares Slip Mid-Morning Market Update: Markets Mixed; Big Lots Earnings Beat Street View Related KTOS Weakness Seen in Kratos Defense & Security (KTOS): Stock Falls 5.3% - Tale of the Tape Earnings Scheduled For March 11, 2014
Pre-open movers
Top Trucking Companies To Watch For 2014: China Teletech Holding Inc (CNCT)
China Teletech Holding, Inc., formerly Guangzhou Global Telecom, Inc., incorporated on March 29, 1999, is a distributor of pre-paid calling card and integrated mobile phone handsets and a provider of mobile handset value-added services. The Company serves as one of principal distributors of China Telecom, China Unicom, and China Mobile products in Guangzhou City. The Company is also developing an on-line refill platform with China Mobile to develop its on-line business in the Guangdong Province. On March 30, 2012, the Company acquired China Teletech Limited.
The Company operates its business through its subsidiaries in China: Guangzhou Renwoxing Telecom Co., Ltd., Guangzhou Global Telecommunication Co., Ltd., Guangzhou Rongxin Technology Co., Ltd., and Shenzhen Rongxin Investment Co., Ltd. The Company also engages in the business of wholesale and distribution of mineral water, as well as trading of wine in China. The Company has cooperative distribution relationships with Panasonic, Motorola, LG, GE, Bird, Samsung corporations for their mobile handsets.
Advisors' Opinion:- [By MARKETWATCH]
HONG KONG (MarketWatch)-- Hong Kong stocks rose early Thursday, as China Mobile Ltd. shined on news of iPhone pre-orders hitting 1 million units. The Hang Seng Index (HK:HSI) added 0.6% to 23,032.09. Market heavyweight China Mobile (HK:941) (CHL) rallied 0.9%, as the world's largest mobile carrier said it has received more than 1 million pre-orders for the iPhone before it goes on sale in the carrier's stores on Friday, at a time when Apple Inc. (AAPL) Chief Executive Tim Cook visited Beijing for future cooperation between the two giants. Telecom equipment shares also advanced, with ZTE Corp. (HK:763) (ZTCOF) rising 1.2%. Meanwhile, China Mobile's smaller rivals slipped, as China Unicom (HK:762) (CHU) dropped 0.7%, and China Telecom (HK:738) (CNCT) fell 0.5%. China South City Holdings (HK:1668) , a developer of logistics and trade centers, surged 56%, after the company announced that Internet giant Tencent Holdings (HK:700) (TCTZF) would invest about 1.5 billion Hong Kong dollars ($195 million) for an almost 10% stake in the developer in order to expand their business online, including e-commerce and online payment services. Tencent Holdings (HK:700)
No comments:
Post a Comment