Catalyst Corner | E-Blast | Friday, July 16th
"An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage." - Jack Welch
 

In The News

- U.S. stocks lapse along with consumer confidence
- Goldman Gains As SEC Settlement Removes Major Overhang
- Bank of America Slides as Net Income, Revenue Drop
- GE: 'On track for solid earnings growth'
- BP well remains sealed as pressure tests continue

Corporate Highlights

-S.Korea’s Honam to Buy Malaysia’s Titan for $1.27 Billion
-AT&T U-Verse Reaches Deal to Keep AMC,’ Mad Men’
-FriendFinder Makes $210 Million Offer for Playboy
-Carlyle to Buy NBTY, a Vitamin Maker
-N.T.T. Pays $3.2 Billion for Dimension
-BNY Mellon’s Wealth Management Arm Weighs Deals

Pair Trade of the Day

Long LLL, Short SPY
On July 14th, L-3 Communications Holdings, Inc. (NYSE: LLL) announced that its board of directors authorized a new share repurchase program allowing the company to repurchase up to an additional $1 billion of the company’s common stock through December 31, 2012. This new share repurchase authorization is effective immediately and represents L-3’s fourth repurchase program.

“Returning cash to our shareholders is a central element of our disciplined capital deployment strategy, and we are very pleased to reiterate L-3’s commitment to delivering shareholder value through this new repurchase authorization,” said Michael T. Strianese, chairman, president and chief executive officer. “This authorization underscores our confidence in L-3’s strong fundamental business position, our growth and earnings prospects and our ability to continue to generate strong cash flows for 2010 and beyond.” Click to view this pair.

About the Pair Tool
Our proprietary Pair Tool allows users to automatically compare fundamental data while displaying graphically historical trading relationships between any two US publicly traded securities a member selects.

Our Focus List

Our focus list contains companies with significant pending catalysts. Click the company name for additional information.

- VTKT.PK (VeruTEK Technologies Inc.)
- KXLAF.PK (Kodiak Exploration Ltd.)
- CERP (Cereplast, Inc.)
- OGRSF.PK (Oro Gold Resources Ltd.)
- JUHL.OB (Juhl Wind, Inc.)

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