Ed Liston

Takeover Battle for Quest Software Heats Up (QSFT)

Jun 25 2012 @ 09:57
The takeover battle for Quest Software Inc. (NASDAQ:QSFT) is heating up, with the business-software company today announcing the receipt of a superior offer from a “strategic bidder”. QSFT, which received a $25.75 a share takeover offer from Insight Venture, last week, today said that it received a $27.50 per share takeover offer from a strategic […]
 

Dunkin’ Brands to Boost Legal Reserve After Losing Lawsuit (DNKN)

Jun 25 2012 @ 09:56
The parent company of Dunkin’ Donuts, Dunkin’ Brands Group Inc. (NASDAQ:DNKN) would boost its legal reserve in the current quarter after a court in Canada ruled against the company in a case filed by a group of Dunkin’ Donuts franchises in Quebec. The lawsuit was filed by the franchises in 2003. Ruling against Dunkin’ Brands, […]
 

KMA Global Solutions is Set for Phenomenal Growth (KMAG)

Jun 14 2012 @ 11:01
KMA Global Solutions International Inc. (PINK:KMAG) shares have been among the biggest gainers on the OTC market in the last six months. KMAG, whose mission is to become the preferred supplier of source tagging products, has not just seen a sharp rise in its shares but even its revenue. Earlier this month, KMAG said that […]
 

Kroger Co. Q1 Profit Rises, Beats Estimate (KR)

Jun 14 2012 @ 06:00
Kroger Co. (NYSE:KR), today, posted better-than-expected profit in its first-quarter, driven by strong sales. The higher-than-expected profit also prompted KR to boost its full-year profit outlook. Kroger, which is the biggest supermarket chain in the U.S., reported a 4.2% increase in its identical-supermarket sales, excluding fuel. This is the 34th straight quarter where the company has...
 

Textron Confirms Agreement with NetJets (TXT)

Jun 12 2012 @ 10:20
Textron Inc. (NYSE:TXT), today, confirmed that it entered into an agreement with NetJets Inc. to deliver as many as 150 of its Citation Latitude business jets. TXT expects to commence initial deliveries in 2016. TXT confirmed the signing of the agreement following a Wall Street Journal report that said NetJets intends to buy up to […]
 

Independence Energy Takes a Major Step towards Creating Long Term Pipeline of New Projects (IDNG)

Jun 12 2012 @ 10:00
Oil and gas exploration and development company Independence Energy Corp. (OTC:IDNG) has taken yet another step towards building a long-term pipeline of new projects by executing a definitive agreement for acquisition of up to 25% working interest in Coleman South Lease exploration joint development project in Coleman County, Texas. With the latest agreement, IDNG is […]
 

A Clean Tech Stock in the News; Cleantech Transit Inc. (CLNO)

Jun 07 2012 @ 10:23
Cleantech Transit Inc. (OTC:CLNO) has been one of the biggest gainers on the OTC market this week. The stock has posted gains of more than 200% this week. So what is driving CLNO shares higher? Cleantech shares have been gaining momentum after the company this week said adopted a new business development strategy. CLNO said […]
 

Best Buy Founder Resigns from the Board; May Sell Stake in the Company (BBY)

Jun 07 2012 @ 10:22
Best Buy Co. Inc. (NYSE:BBY) founder Richard Schulze, today, resigned for the company’s Board. Schulze also said that he may sell his entire stake in the electronics retailer. Schulze has a 20.1% stake in BBY. The resignation of Schulze is the latest blow to the Minneapolis-based company. BBY has already been hit by a CEO […]
 

AMR Begins Talks with Pilots on Cost-Cutting (AMR)

Jun 05 2012 @ 10:26
AMR Corp. (PINK:AAMRQ), the parent company of American Airlines, commenced talks with its pilots about concessions on Monday. AMR’s held similar discussions with flight attendants, but failed to reach an agreement on cost-cutting measures. The discussions between AMR and its unions are being mediated by a federal judge. In case, the bankrupt company fails to […]
 

Starbucks to Acquire La Boulange Bakery (SBUX)

Jun 05 2012 @ 10:24
Seattle-based Starbucks Corporation (NASDAQ:SBUX) on Monday announced that it entered into an agreement to acquire La Boulange bakery for $100 million in cash. The acquisition will enable SBUX to improve its food offerings. The acquisition of La Boulange comes as food continues to become an important part of SBUX’s revenue stream. Food segment now accounts […]
 
 
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