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kennyli0302i
Wysłany: Wto 10:47, 15 Lut 2011
Temat postu: in essence
Expedia Inc. (EXPE US) slumped 14 percent to $22.15. The online travel company was cut to “hold” from “buy” at Benchmark Co. The 12-month price estimate is $26. (
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, Ford Motor Co. (F US) rose 1.5 percent to $16.19. The second-largest U.S. automaker will redeem $2.98 billion of convertible notes in March as the company works to gain an investment-grade credit rating.
Panera Bread Co. (PNRA US) climbed 8.1 percent to $107.75. The bakery-cafe chain lifted its full-year earnings estimate for 2011 to as much as $4.45 a share
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, up from previous guidance of as much as $4.35 a share.
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, Neurocrine Biosciences Inc. (NBIX US) gained 9.3 percent to $8.02. The San Diego-based drugmaker reported fourth-quarter sales of $13.7 million, beating the average analyst estimate of $12.6 million in a Bloomberg survey. (
www.olymall.com
)
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TTM Technologies Inc. (TTMI US) declined 2.4 percent to $17.70. The maker of printed circuit boards forecast first- quarter adjusted earnings to be as low as 35 cents a share, compared with the 39-cent average estimate of analysts.
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, Cephalon Inc. (CEPH US) dropped 3.8 percent to $57.80. The Frazer
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, Pennsylvania-based pharmaceutical company reported fourth-quarter earnings of $2.19 a share on an adjusted basis
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, beating the average analyst estimate of $1.92, according to Bloomberg data.
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, Coca-Cola Co. (KO US): The world’s largest soft-drink maker said 2011 adjusted earnings will be between $1.95 and $2.00, missing the average analyst estimate of $2.01, according to Bloomberg data.
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, FalconStor Software Inc. (FALC US) gained 17 percent to $4.35. The maker of data-protection software reported fourth- quarter earnings excluding some items of 5 cents a share. Gary Spivak, an analyst at Noble Financial Group Inc., estimated a loss of 6 cents.
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, DaVita Inc. (DVA US) gained 1.2 percent to $77. The provider of dialysis services reported fourth-quarter earnings of $1.13 a share, excluding some items, beating the average analyst estimate of $1.12
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, Bloomberg data show.
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, Orthovita Inc. (VITA US) soared 23 percent to $2.70. The maker of synthetic tissue and bone products said it received clearance from the U.S. Food and Drug Administration to sell Vitoss BA Bimodal Bone Graft Substitute and the product will be introduced in nine to 12 months.
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, Blue Nile Inc. (NILE US) declined 12 percent to $56.10. The online retailer of diamonds and fine jewelry reported fourth- quarter earnings of 41 cents a share, missing the average analyst estimate of 43 cents, Bloomberg data show. (
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)
Green Dot Corp. (GDOT US) declined 5.7 percent to $55. The provider of pre-paid debit cards reported fourth-quarter earnings excluding certain items that missed the average analyst estimate by 35 percent. The shares were cut to “sell” from “neutral” at Janney Montgomery Scott LLC. (
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)
LivePerson Inc. (LPSN US) fell 13 percent to $10.01. The New York customer-service software maker forecast first-quarter sales of $30.5 million at most
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, trailing the average analyst estimate of $30.8 million in a Bloomberg survey.
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, Big Lots Inc. (BIG US): The discount retailer exploring a possible sale may be worth $4.8 billion, or about $60, in a sale, a 47 percent premium to the current share price, said Cowen Group Inc.
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, Wright Medical Group Inc. (WMGI US) rose 5.8 percent to $15.98. The orthopedic device company forecast earnings in 2011 to be as much as 95 cents a share, exceeding the 88-cent average estimate of analysts.
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, Rackspace Hosting Inc. (RAX US) gained 2.7 percent to $38. The web-based IT system delivery company reported fourth-quarter revenue of $214.7 million
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, beating the average analyst estimate of $210.1 million, Bloomberg data show. (
www.olymall.com
)
Nokia Oyj (NOK US) dropped 9.3 percent to $9.87. The world’s biggest maker of mobile phones announced that it will use Microsoft’s Windows Phone as its primary software platform - - a sign of the depth of the challenge in taking on Apple’s iOS and Google’s Android. Microsoft Corp. (MSFT US) gained 1.2 percent to $27.84.
No longer. Along with a team of researchers, Yang Gonghuan, the deputy director-general of China’s Center for Disease Control
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, has published a new report laying out how tobacco is a big drag on the country. Profits from producing cigarettes will fall far short of the eventual health costs of smoking-related illnesses
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, says Yang. By the report’s estimation
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, cigarette-industry revenue accounts for some 6.7 percent of Beijing’s income. By contrast
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, the report states that tobacco “overall poses a loss rather than a benefit to China,” and other research puts estimated costs from tobacco at about 25 percent more than the revenue generated by the industry.
Experts say the report falls in line with a fledgling awareness of the dangers of tobacco across the country. But for now
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, deterrents like putting pictorial warnings on cigarette packs—which is working to curb smoking in Latin America—are a long way off. The public-health question for Beijing
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, then, is whether cashing in on tobacco now will bankroll the hospital beds that will have to be bought later.
Forget the Marlboro man: China is the world’s cigarette king. The mainland produces—and consumes—more tobacco products than any other country in the world. The China National Tobacco Corporation (CNTC), the state-run cash cow that holds an effective monopoly on the industry, is a source of good business for the party: in 2010, Big Tobacco paid 498.85 billion yuan (around $75 billion) in taxes to the Chinese government, according to the State Tobacco Monopoly Administration. More than 300 million Chinese adults smoke—among them more than half of all Chinese men. In 2009, the CNTC says
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, it produced a whopping 2.3 trillion cigarettes.
But all this puffing is sparking serious public-health questions
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, and experts are now questioning if short-term profits will soon be outweighed by long-term health costs to the state. The World Lung Foundation (WLF) estimates a million people will die from tobacco-related illness in China this year, a toll that’s expected to double by 2020. So far there’s been little oversight of the industry: the Monopoly is
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, in essence, responsible for tobacco-control efforts. As the WLF’s Dr. Judith Mackay says, it’s been “a bit like putting a fox in charge of a chicken coop.”
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, MannKind Corp. (MNKD US) slumped 11 percent to $4.49. The Valencia, California-based biotechnology company founded by billionaire inventor Alfred Mann said it is cutting about 41 percent of its workforce.
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, Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses
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, and prices are as of 8:45 a.m. in New York. (
www.olymall.com
)
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, Wynn Resorts Ltd. (WYNN US): The owner of the Wynn and Encore casinos reported fourth-quarter profit was 91 cents a share
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, beating analysts’ estimates of 70 cents s share after opening a second resort in Macau. (
www.olymall.com
)
Chipotle Mexican Grill Inc. (CMG US) gained 2.4 percent to $250.50. The Denver-based restaurant chain reported fourth- quarter earnings on an adjusted basis of $1.47, beating the average analyst estimate of $1.30, according to Bloomberg data. (
www.olymall.com
)
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, Leapfrog Enterprises Inc. (LF US) dropped 5 percent to $4.21. The maker of electronic children’s learning products forecast earnings in 2011 will be no more than 20 cents, below the average analyst estimate of 29 cents. (
www.olymall.com
)
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, Kraft Foods Inc. (KFT US) fell 2.3 percent to $30.38. The world’s second-largest food company lowered its full-year earnings forecasts because of rising commodity costs. Profit excluding certain items such as integration costs will increase 11 percent to 13 percent. That’s down from the company’s November projection of a rise in the “mid-teens.”
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