PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, October 26, 2009: CMA, MOT, MOD, PER, TGI and TRA
TGI | Quote | Chart | News | PowerRating -- Picksthatmove.com Alerts include Comerica Incorporated (NYSE: CMA | Quote | Chart | News | PowerRating); Motorola, Inc. (NYSE: MOT | Quote | Chart | News | PowerRating); Modine Manufacturing Company (NYSE: MOD | Quote | Chart | News | PowerRating); Perot Systems Corporation (NYSE: PER | Quote | Chart | News | PowerRating); Triumph Group, Inc. (NYSE: TGI | Quote | Chart | News | PowerRating) and Terra Capital, Inc. (NYSE: TRA | Quote | Chart | News | PowerRating)
-- October 26, 2009 Comerica Incorporated (NYSE: CMA | Quote | Chart | News | PowerRating) at $30.52 on a volume of 1.15M shares
In a press release on October 26, Comerica Bank Opens Banking Center in the Heart of the Most Popular Zip Code ... 90210 (Beverly Hills)
LOS ANGELES, Oct 26, 2009 Comerica Bank is expanding its operations in the greater Los Angeles area, announcing the opening today of a new full-service banking center in Beverly Hills. The new location is located at 9696 South Santa Monica Blvd., in the heart of the business district of California's most famous zip code. Comerica Bank now operates 24 banking centers in Los Angeles County.
About Comerica
Comerica Incorporated (NYSE: CMA | Quote | Chart | News | PowerRating) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $59.6 billion at September 30, 2009. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com.
-- October 26, 2009 Motorola, Inc. (NYSE: MOT | Quote | Chart | News | PowerRating) trading at $8.10 on a volume of 16.47M shares
In a press release on October 26, Motorola Improves Economics of Fiber Deep Network Deployment for Cable Operators
Innovations in gallium nitride technology extend the reach of fiber deep solutions while delivering cable operators up to 20-percent savings
HORSHAM, Pa., Oct 26, 2009 Motorola, Inc. (NYSE: MOT | Quote | Chart | News | PowerRating) Home & Networks Mobility business today announced an innovative implementation of gallium nitride technology that extends the reach of its fiber deep portfolio of optical nodes and RF amplifiers.
With this innovation, Motorola has taken the lead in providing the highest-available RF output levels for cable operators driving fiber deeper into their networks, resulting in as much as a 20-percent reduction of active components in N+1 architectures. By reducing the actives in the network, Motorola allows the operator to lower both capital and operational expenses, while reducing system powering requirements and increasing network reliability.
About Motorola
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT | Quote | Chart | News | PowerRating) had sales of US $30.1 billion in 2008. For more information, please visit www.motorola.com.
-- October 26, 2009 Modine Manufacturing Company (NYSE: MOD | Quote | Chart | News | PowerRating) trading at $9.34 on a volume of 178,729 shares.
In a press release out on October 26, Modine to Participate in Gabelli & Company Symposium
RACINE, Wis., Oct 26, 2009 Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will participate in the Gabelli & Company Symposium in Las Vegas on Wednesday, November 4 at 11:00 A.M. PT. Modine's President and Chief Executive Officer Thomas A. Burke and Executive Vice President -- Corporate Strategy and Chief Financial Officer Bradley C. Richardson will present at the conference.
About Modine
Modine, with fiscal 2009 revenues of $1.4 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, heating, ventilation and air conditioning equipment, off-highway and industrial equipment, refrigeration systems, and fuel cells. The company employs approximately 7,000 people at 32 facilities worldwide in 15 countries. For more information about Modine, visit www.modine.com.
-- October 26, 2009 Perot Systems Corporation (NYSE: PER | Quote | Chart | News | PowerRating) last at $29.89 a volume of 1.67M shares
In a press release out on October 26, Perot Systems Announces Strategic Alliance With China Telecom
Relationship Establishes Foundation for Better Serving Patients, Healthcare Providers, and Government Public Health Initiatives in China
PLANO, Texas, Oct 26, 2009 Perot Systems Corporation (NYSE: PER | Quote | Chart | News | PowerRating) announced today that it has entered into an agreement with China Telecommunications Corporation (China Telecom) in which the two companies intend to work together to deliver enhanced information technology (IT) solutions for the healthcare industry in China.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.
-- October 26, 2009 Triumph Group, Inc. (NYSE: TGI | Quote | Chart | News | PowerRating) last at $48.46 on a volume of 64,482 shares
In a press release out on October 26, Triumph Group Selected to Develop Key Hardware on New Sikorsky CH-53K Aircraft
WAYNE, Pa., Oct 26, 2009 Triumph Group, Inc. (NYSE: TGI | Quote | Chart | News | PowerRating) today announced that its Seattle-based engineering group has been awarded a series of contracts by Sikorsky Aircraft Corp. to develop systems and critical components for the CH-53K helicopter that Sikorsky is developing for the U.S. Marine Corps. The CH-53K is being designed to provide the U.S. Marines with enhanced heavy-lift capability. The scope of the agreements includes the development of the Blade Fold System, the Blade Damper and the Rotor Brake Module. The development contract is expected to be completed in 2012 and will initially involve several Triumph Group companies. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE: UTX).
About Triumph Group, Inc.
Triumph Group, Inc. (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes aircraft components, such as hydraulic, mechanical and electromechanical control systems, aircraft and engine accessories, structural components and assemblies, non-structural composite components, auxiliary power units (APUs), avionics and aircraft instruments. The Company offers a variety of products and services to the aerospace industry through two groups of operating businesses: Triumph Aerospace Systems Group and Triumph Aftermarket Services Group. In March 2009, it acquired Merritt Tool Company, Inc., Saygrove Defence & Aerospace Group Limited, the aviation segment of Kongsberg Automotive Holdings ASA and The Mexmil Company, LLC.
-- October 26, 2009 Terra Capital, Inc. (NYSE:TRA) trading at $34.36 on a volume of 1.30M shares
In a press release out on October 26, Terra Capital, Inc. Announces Closing of Offering of $600 Million of Senior Notes
SIOUX CITY, Iowa, Oct 26, 2009 Terra Capital, Inc. ("Terra Capital"), a wholly-owned subsidiary of Terra Industries Inc. ("Terra") (NYSE: TRA), today announced the closing of its private offering of $600 million aggregate principal amount of Senior Notes due 2019 (the "Notes"). The Notes have an interest rate of 7.75% per annum and were issued at a price equal to 98.298% of their face value. The Notes were sold in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be guaranteed on a senior unsecured basis by Terra and certain of its subsidiaries.
About Terra Industries Inc.
Terra Industries Inc. together with its subsidiaries (Terra) is a producer and marketer of nitrogen products, serving agricultural and industrial markets. The Company is engaged in the production of anhydrous ammonia (or ammonia), the basic building block of nitrogen fertilizers. Terra converts a portion of the ammonia it produces into urea ammonium nitrate solutions (UAN), ammonium nitrate (AN) and urea. In addition to manufacturing facilities at Port Neal, Iowa; Courtright, Ontario, Canada; Yazoo City, Mississippi; Donaldsonville, Louisiana and Woodward, Oklahoma, the Company owns a 75.3% interest in Terra Nitrogen Company, L.P. (TNCLP), which, through its subsidiary, Terra Nitrogen, Limited Partnership, operates the manufacturing facility at Verdigris, Oklahoma. In addition, the Company owns a 50% interest in Point Lisas Nitrogen Limited (Point Lisas), an ammonia production joint venture in the Republic of Trinidad and Tobago.
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For full details on Motorola Inc (MOT) MOT. Motorola Inc (MOT) has Short Term PowerRatings at TradingMarkets. Details on Motorola Inc (MOT) Short Term PowerRatings is available at This Link.
For full details on Comerica Inc (CMA) CMA. Comerica Inc (CMA) has Short Term PowerRatings at TradingMarkets. Details on Comerica Inc (CMA) Short Term PowerRatings is available at This Link.
For full details on Perot Systems Corp (PER) PER. Perot Systems Corp (PER) has Short Term PowerRatings at TradingMarkets. Details on Perot Systems Corp (PER) Short Term PowerRatings is available at This Link.
For full details on Modine Manufacturing Co (MOD) MOD. Modine Manufacturing Co (MOD) has Short Term PowerRatings at TradingMarkets. Details on Modine Manufacturing Co (MOD) Short Term PowerRatings is available at This Link.
For full details on Triumph Group Inc (TGI) TGI. Triumph Group Inc (TGI) has Short Term PowerRatings at TradingMarkets. Details on Triumph Group Inc (TGI) Short Term PowerRatings is available at This Link.
For full details on Terra Industries Inc (TRA) TRA. Terra Industries Inc (TRA) has Short Term PowerRatings at TradingMarkets. Details on Terra Industries Inc (TRA) Short Term PowerRatings is available at This Link.
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