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General Dynamics (GD)
General Dynamics' Armament and Technical Products division has brought in $33.6 million from the U.S. Army for armor tiles for personnel carriers, according to the U.S. Department of Defense.
Under the deal, General Dynamics Armament and Technical Products will supply the Army with 144 Bradley reactive armor tile sets for the Army’s Bradley Fighting Vehicle. Work on the contract will be performed in Stoughton, MA, Fall River, MA, Burlington, VT, Lyndonville, VT, and Simsbury, CT, as well as in Minnesota, Mississippi, New Jersey and Israel. The U.S. Department of Defense expects the work on the deal to be completed by November 30.
Dec 31 · 3:56:00 PM · Source: Mass High Tech
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by Michael Oliveto
Devon Energy (DVN)
Shipping and oil group, AP Moller-Maersk, is purchasing Devon Energy’s stakes in three of its oilfields in the Gulf of Mexico for $1.3 billion.
The Copenhagen-based company will get a 50% stake in the Cascade field and a 25% interest in each of the Jack and St Malo fields.
Dec 31 · 3:49:00 PM · Source: emii.com
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by Michael Oliveto
ConocoPhillips (COP)
KAROON Gas Australia has confirmed it has struck hydrocarbons at the latest well in its Browse Basin drilling campaign with partner ConocoPhillips.
The news comes two weeks after a person familiar with the drilling campaign told Dow Jones Newswires that the well had penetrated hydrocarbons in similar intervals to those in the successful Poseidon-1 well about 6km away. A large gas pay at Poseidon-2 will provide further evidence that Karoon and ConocoPhillips are sitting on a resource off Western Australia big enough to support a multi-billion-dollar liquefied natural gas development.
Dec 31 · 3:37:00 PM · Source: The Australian
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by Michael Oliveto
Citigroup (C)
CitiGroup’s foreclosure prevention program, Citi Homeowners Assistance Program has, as of third-quarter reports, helped 130,000 homeowners who were in trouble with their mortgage and has helped over 40% of those homeowners who qualified for the Making Home Affordable Program.
One of the more recent stories about CitiGroup came around the Holidays where CitiMortgage suspended foreclosures for one month to allow homeowners to keep their homes and abstain from the stresses of foreclosure over the Christmas season.
Dec 31 · 3:12:00 PM · Source: Red, White, and Blue Press
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by Michael Oliveto
Citigroup (C)
Bain Capital Partners LLC announced that it has completed the acquisition of BELLSYSTEM24, Japan's call center operator, from Citigroup Capital Partners Japan Ltd., a subsidiary of Citi.
On November 14, 2009, Citigroup Capital Partners Japan Ltd. had entered into a tender offer agreement with an affiliate of Bain Capital under which it received cash consideration for its 93.5% stake in BELLSYSTEM24. The total transaction was valued at approximately JPY100 billion (equivalent to USD1.1 billion).
Dec 31 · 3:10:00 PM · Source: Reuters
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by Michael Oliveto
Citigroup (C)
Bank of Montreal announced that it has completed the acquisition of the Diners Club North American franchise from Citigroup.
This acquisition was announced on November 24, 2009. The purchase also includes the Club Rewards program and the Professional Card portfolio.
Dec 31 · 3:07:00 PM · Source: Reuters
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by Michael Oliveto
Amazon (AMZN)
Amazon.com had the happiest customers this holiday season, according to a survey from ForeSee Results released Wednesday.
The Seattle-based e-commerce giant scored the highest in a customer satisfaction report from online retail consulting firm ForeSee, followed by Netflix and QVC. Apple and outdoor-gear retailer Cabela's rounded out the top 5 in the survey, which polls 10,000 visitors to the top 40 US retail sites by revenue each November and December.
Dec 31 · 2:58:00 PM · Source: CNN Money
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by Michael Oliveto
Apple (AAPL)
Apple won an appeal over alleged iPod hearing loss when The Ninth Circuit Court of Appeals in San Francisco affirmed a 2008 district court ruling that the plaintiffs failed to show that use of the iPod poses an unreasonable risk of noise-induced hearing loss.
It also found that the plaintiffs lacked standing to allege a violation of California's unfair competition law. Jeff Friedman, a Berkeley, California lawyer representing the plaintiffs, did not immediately return a call for comment. David Bernick, who represented Apple, had no immediate comment. An Apple spokesman was not immediately available for comment.
Dec 31 · 2:49:00 PM · Source: Reuters
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by Michael Oliveto
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