http://www.m2.com/m2/web/rss/eqb.xml Latest stories for M2 EquityBites. en-us Copyright 2010 M2 Communications Friday, 12 Mar 2010 17:32:05 GMT http://www.m2.com/m2/web/story.php/201090080495AC5625C5802576E40059C096/text/eqb Online educational and VoIP monitoring services provider Smartlinx Inc (OTCBB:SMLK) has announced it has approved a private placement offering ('Foreign Offering') of up to 5m units at a price of USD0.40 per unit, with each unit consisting of one share of Friday, 12 Mar 2010 17:16:51 GMT http://www.m2.com/m2/web/story.php/201090080495AC5625C5802576E40059C096/text/eqb http://www.m2.com/m2/web/story.php/2010525B3AEE20FBD373802576E4005E88DC/text/eqb 12 March 2010 - Swedish construction major Skanska AB (STO: SKA B) said today it would build a head office for the Regional Utilities unit of Gainesville in Florida, the USA, for USD49m. Friday, 12 Mar 2010 17:12:06 GMT http://www.m2.com/m2/web/story.php/2010525B3AEE20FBD373802576E4005E88DC/text/eqb http://www.m2.com/m2/web/story.php/2010D95A95C55C2AC50F802576E4005E833E/text/eqb 12 March 2010 - Swedish company NCC AB (STO: NCC B) said today that it will design the construction of the new arena in the southern city of Ystad, in a project, valued at SEK240m. Friday, 12 Mar 2010 17:11:52 GMT http://www.m2.com/m2/web/story.php/2010D95A95C55C2AC50F802576E4005E833E/text/eqb http://www.m2.com/m2/web/story.php/2010FEEA814800CD365B802576E4005E7706/text/eqb 12 March 2010 - Swedish real estate company Hufvudstaden AB (STO: HUFV A) said today that it has bought two properties in downtown Gothenburg, western Sweden, for SEK175m from Alecta Pension Insurance, Mutual. Friday, 12 Mar 2010 17:11:20 GMT http://www.m2.com/m2/web/story.php/2010FEEA814800CD365B802576E4005E7706/text/eqb http://www.m2.com/m2/web/story.php/20103B75B096E860FDC0802576E4005E700B/text/eqb 12 March 2010 - Norwegian industrial group Scana Industrier ASA (OSL: SCI) said today that it, via its subsidiary Scana Volda AS, has won contracts in the marine segment, with a total value of NOK15m. Friday, 12 Mar 2010 17:11:03 GMT http://www.m2.com/m2/web/story.php/20103B75B096E860FDC0802576E4005E700B/text/eqb http://www.m2.com/m2/web/story.php/2010CBCAC171592DC1A1802576E4005E68B8/text/eqb 12 March 2010 - Swedish state-run utility Vattenfall AB said today it has agreed to sell its German power transmission grid to Belgian rival Elia (EBR: ELI) and Australia-based Industry Funds Management (IFM) at an enterprise value of EUR810m. Friday, 12 Mar 2010 17:10:44 GMT http://www.m2.com/m2/web/story.php/2010CBCAC171592DC1A1802576E4005E68B8/text/eqb http://www.m2.com/m2/web/story.php/201039CF66BEB1AB824C802576E4005E604A/text/eqb 12 March 2010 - Norwegian weapons maker Kongsberg Gruppen ASA (OSL: KOG) said yesterday that it will supply NOK173m Protector weapon control systems for armoured personnel carriers, to the US Army. Friday, 12 Mar 2010 17:10:22 GMT http://www.m2.com/m2/web/story.php/201039CF66BEB1AB824C802576E4005E604A/text/eqb http://www.m2.com/m2/web/story.php/2010A37CBB0D4F340F7F802576E4005E5910/text/eqb 12 March 2010 - Norwegian fertiliser maker Yara International ASA (OSL: YAR) said Friday it notified its takeover target, US sector player Terra Industries Inc (NYSE: TRA), that it will not increase its offer for the company, after Terra embraced the rene Friday, 12 Mar 2010 17:10:04 GMT http://www.m2.com/m2/web/story.php/2010A37CBB0D4F340F7F802576E4005E5910/text/eqb http://www.m2.com/m2/web/story.php/201088A683CA073116A3802576E4005E3E00/text/eqb 12 March 2010 - Norwegian investment consultancy Acta Holding ASA (OSL: ACTA) is evaluating to start brokerage services for stocks per telephone and online, CFO Christian Tunge said at an online meeting yesterday. Friday, 12 Mar 2010 17:08:54 GMT http://www.m2.com/m2/web/story.php/201088A683CA073116A3802576E4005E3E00/text/eqb http://www.m2.com/m2/web/story.php/201093DD3BBE70B2AA71802576E4005E3701/text/eqb 12 March 2010 - There are currently no merger talks between German Lufthansa (ETR: LHA) and Scandinavian air carrier SAS AB (STO: SAS), Lufthansa CEO, Wolfgang Mayrhuber, was quoted as saying yesterday at the company's annual press conference in Frankfurt Friday, 12 Mar 2010 17:08:36 GMT http://www.m2.com/m2/web/story.php/201093DD3BBE70B2AA71802576E4005E3701/text/eqb http://www.m2.com/m2/web/story.php/2010ED7E0C2C34D8135A802576E4005E1B0D/text/eqb Internet security provider Webroot reported on Wednesday that it has acquired Swedish-based Email Systems Scandinavia (ESS), a provider of corporate Internet security services in the Nordic region. Friday, 12 Mar 2010 17:07:26 GMT http://www.m2.com/m2/web/story.php/2010ED7E0C2C34D8135A802576E4005E1B0D/text/eqb http://www.m2.com/m2/web/story.php/20102114428A5E0334D8802576E4004772D3/text/eqb Canada-based uranium producer Denison Mines Corp (TSX:DML) (AMEX:DNN) said on Thursday that it recorded a net loss of USD36.1m for the fourth quarter of 2009, a reduction from the loss of USD56.8m in the same period a year ago. Friday, 12 Mar 2010 16:18:06 GMT http://www.m2.com/m2/web/story.php/20102114428A5E0334D8802576E4004772D3/text/eqb http://www.m2.com/m2/web/story.php/201079B50306D97170EE802576E400473EFE/text/eqb Speciality insurance group HCC Insurance Holdings Inc (NYSE:HCC) said on Thursday that its board of directors has approved a regular quarterly cash dividend of USD0.135 per share on the company's shares of USD1.00 par value common stock. Friday, 12 Mar 2010 16:13:48 GMT http://www.m2.com/m2/web/story.php/201079B50306D97170EE802576E400473EFE/text/eqb http://www.m2.com/m2/web/story.php/20109CA5ACE9393396E3802576E400473A45/text/eqb Argo Group International Holdings Ltd (NasdaqGS:AGII), an underwriter of speciality insurance and reinsurance products, revealed on Thursday that it has arranged USD30m of share repurchases. Friday, 12 Mar 2010 16:12:37 GMT http://www.m2.com/m2/web/story.php/20109CA5ACE9393396E3802576E400473A45/text/eqb http://www.m2.com/m2/web/story.php/201034CE60DAEF41EE90802576E400531CF4/text/eqb Private equity firm Carlyle Group announced on Thursday that it has terminated talks regarding a possible acquisition of UK waste management company Shanks Group plc (LSE:SKS). Friday, 12 Mar 2010 15:33:20 GMT http://www.m2.com/m2/web/story.php/201034CE60DAEF41EE90802576E400531CF4/text/eqb http://www.m2.com/m2/web/story.php/2010D62B8370337F5A8C802576E40052FD2F/text/eqb Diversified manufacturer Terex Corporation (NYSE:TEX) revealed on Thursday that it has entered into an agreement to sell its German-based heavy construction equipment unit Terex Atlas to a private investor. Friday, 12 Mar 2010 15:21:11 GMT http://www.m2.com/m2/web/story.php/2010D62B8370337F5A8C802576E40052FD2F/text/eqb http://www.m2.com/m2/web/story.php/20106CEF5812A77FD8A1802576E40047359E/text/eqb US coal producer Arch Coal Inc (NYSE:ACI) said on Thursday that it has acquired a 35% stake in the Trailblazer Energy Center, a power plant being developed by privately-owned energy company Tenaska Inc near Sweetwater, Texas. Friday, 12 Mar 2010 15:09:17 GMT http://www.m2.com/m2/web/story.php/20106CEF5812A77FD8A1802576E40047359E/text/eqb http://www.m2.com/m2/web/story.php/201090C8B8ED447D3C0C802576E400472DA6/text/eqb Procera Networks Inc (AMEX:PKT), a developer of Evolved Deep Packet Inspection (DPI) solutions, reported on Thursday that it reached profitability for the first time in its history in the fourth quarter of 2009. Friday, 12 Mar 2010 15:04:59 GMT http://www.m2.com/m2/web/story.php/201090C8B8ED447D3C0C802576E400472DA6/text/eqb http://www.m2.com/m2/web/story.php/2010BEC45E6763EF6480802576E400471C0B/text/eqb Residential building products supplier Associated Materials reported today adjusted EBITDA of USD28.4m for the fourth quarter of 2009, an increase from adjusted EBITDA of USD15.7m for the same period in 2008. Friday, 12 Mar 2010 15:00:42 GMT http://www.m2.com/m2/web/story.php/2010BEC45E6763EF6480802576E400471C0B/text/eqb http://www.m2.com/m2/web/story.php/20105C14BCFC1F3CF9E9802576E400471539/text/eqb Russian mobile operator MegaFon reported today that it recorded a 2.2% year-on-year growth in net income for 2009 to RUB45.29bn. Friday, 12 Mar 2010 14:54:43 GMT http://www.m2.com/m2/web/story.php/20105C14BCFC1F3CF9E9802576E400471539/text/eqb http://www.m2.com/m2/web/story.php/2010F881F599FDE371C0802576E40040C7FE/text/eqb Oil and natural gas company Isramco Inc (Nasdaq:ISRL) announced on Friday a net loss of USD5.34m (USD1.96 per share) for the fourth quarter of 2009. Friday, 12 Mar 2010 12:35:53 GMT http://www.m2.com/m2/web/story.php/2010F881F599FDE371C0802576E40040C7FE/text/eqb http://www.m2.com/m2/web/story.php/2010CAD52D4D55C7FCD5802576E4004026AF/text/eqb Biopharmaceutical company Tranzyme Pharma said on Friday that in May the company will present data from the Phase 2 clinical trial of ulimorelin (TZP-101) for the treatment of severe gastroparesis. Friday, 12 Mar 2010 12:25:18 GMT http://www.m2.com/m2/web/story.php/2010CAD52D4D55C7FCD5802576E4004026AF/text/eqb http://www.m2.com/m2/web/story.php/201072698E9FA0FA3ED8802576E4003E4C0A/text/eqb Medical device company Integra LifeSciences (Nasdaq:IART) reported on Friday the commercial launch in the US of Integra Spine's Paramount Pedicle Screw (PS) Fixation System for minimally invasive spine surgery. Friday, 12 Mar 2010 12:18:00 GMT http://www.m2.com/m2/web/story.php/201072698E9FA0FA3ED8802576E4003E4C0A/text/eqb http://www.m2.com/m2/web/story.php/201039D431DE6AD7C076802576E400337F75/text/eqb Mining and natural resources company Cliffs Natural Resources Inc (NYSE: CLF) (Paris: CLF) on Thursday announced a record date of 14 May 2010 for the redemption of the rights accompanying its outstanding common stock under its shareholder rights plan. Friday, 12 Mar 2010 12:16:49 GMT http://www.m2.com/m2/web/story.php/201039D431DE6AD7C076802576E400337F75/text/eqb http://www.m2.com/m2/web/story.php/2010D86E3B403AEF84ED802576E400337F58/text/eqb Consumer electronics company LG Electronics USA today said that a federal court has found that French Door refrigerators produced by LG Electronics do not infringe a Whirlpool Corporation US Patent No. 6,082,130 for an ice storage bin located in the door. Friday, 12 Mar 2010 12:14:44 GMT http://www.m2.com/m2/web/story.php/2010D86E3B403AEF84ED802576E400337F58/text/eqb http://www.m2.com/m2/web/story.php/20103C814AB54417683B802576E4003D4DFF/text/eqb Wave energy technology provider Ocean Power Technologies Inc (Nasdaq:OPTT) (LSE:OPT) reported on Friday a net loss of USD5.7m for its third fiscal quarter ended 31 January 2010. Friday, 12 Mar 2010 12:11:05 GMT http://www.m2.com/m2/web/story.php/20103C814AB54417683B802576E4003D4DFF/text/eqb http://www.m2.com/m2/web/story.php/2010B955626D83672AEA802576E400337F38/text/eqb Provider of graphics and computing solutions Applied Micro Devices (AMD) (NYSE: AMD) today introduced the new ATI FirePro graphics driver. Friday, 12 Mar 2010 12:03:23 GMT http://www.m2.com/m2/web/story.php/2010B955626D83672AEA802576E400337F38/text/eqb http://www.m2.com/m2/web/story.php/2010915AB44D70C09F83802576E400337F13/text/eqb Ballast Nedam (Euronext:BALNE) today reported a profit of EUR6.0m for 2009. Friday, 12 Mar 2010 11:59:38 GMT http://www.m2.com/m2/web/story.php/2010915AB44D70C09F83802576E400337F13/text/eqb http://www.m2.com/m2/web/story.php/2010BC1D43998B48124D802576E4003C2B69/text/eqb Biodiesel and speciality chemical products supplier China Clean Energy Inc (OTCBB:CCGY) said on Friday that its wholly-owned subsidiary, Fujian Zhongde Energy Co Ltd, has secured a line of credit for up to CNY33m from Fujian Haixia Bank (formerly Fuzhou C Friday, 12 Mar 2010 11:53:42 GMT http://www.m2.com/m2/web/story.php/2010BC1D43998B48124D802576E4003C2B69/text/eqb http://www.m2.com/m2/web/story.php/20107A0F5E378B2C744C802576E400337EF8/text/eqb Van Lanschot N.V (Amsterdam: LANS.AS) (OTC-PINK: VLNVF), an independent bank based in Netherlands, today reported a net loss of EUR15.7m for the year 2009. Friday, 12 Mar 2010 11:48:16 GMT http://www.m2.com/m2/web/story.php/20107A0F5E378B2C744C802576E400337EF8/text/eqb http://www.m2.com/m2/web/story.php/20103B0E5EF3F7D318AE802576E4003A8D46/text/eqb Biotechnology company Genentech Inc, part of the Roche Group (SIX:RO) (SIX:ROG) (OTCQX:RHHBY), said on Friday that a Phase III study of Avastin (bevacizumab) in men with late stage prostate cancer did not meet its primary objective of extending overall su Friday, 12 Mar 2010 11:43:41 GMT http://www.m2.com/m2/web/story.php/20103B0E5EF3F7D318AE802576E4003A8D46/text/eqb http://www.m2.com/m2/web/story.php/20101B1CCB559EE73A35802576E400337EE0/text/eqb Global biotechnology specialty care group Ipsen (Paris:IPN) (Euronext: IPN) and Rhythm Pharmaceuticals (Rhythm), a biotechnology company developing peptide therapeutics for metabolic diseases, have concluded a license agreement for Ipsen's proprietary pep Friday, 12 Mar 2010 11:35:03 GMT http://www.m2.com/m2/web/story.php/20101B1CCB559EE73A35802576E400337EE0/text/eqb http://www.m2.com/m2/web/story.php/201047E735CA38E1CFA7802576E400398144/text/eqb Photonic and laser systems supplier Electro Scientific Industries Inc (ESI) (NASDAQ:ESIO) declared on Friday the opening of a new Asia manufacturing and service plant in the Kaki Bukit industrial area of Singapore. Friday, 12 Mar 2010 11:31:38 GMT http://www.m2.com/m2/web/story.php/201047E735CA38E1CFA7802576E400398144/text/eqb http://www.m2.com/m2/web/story.php/2010E441CBCDBAE8927E802576E4003C4391/text/eqb Brazilian airline GOL (NYSE:GOL) (Sao Paulo:GOLL4) announced today that it recorded net income of BRL397.8m for the fourth quarter of 2009. Friday, 12 Mar 2010 11:27:04 GMT http://www.m2.com/m2/web/story.php/2010E441CBCDBAE8927E802576E4003C4391/text/eqb http://www.m2.com/m2/web/story.php/2010CBCA0240E59E8672802576E400386622/text/eqb Biotechnology speciality care group Ipsen (Euronext:IPN) declared on Friday that it has entered into a licensing agreement with biotechnology company Rhythm Pharmaceuticals for Ipsen's proprietary peptide therapeutics targeting obesity, metabolic diseases Friday, 12 Mar 2010 11:16:12 GMT http://www.m2.com/m2/web/story.php/2010CBCA0240E59E8672802576E400386622/text/eqb http://www.m2.com/m2/web/story.php/2010FC2EC4C9FA45D04B802576E400337EC3/text/eqb Gaiacor International PLC (Frankfurt: VCG), a company that develops, manages, operates and owns sustainable agricultural projects in emerging markets, announced today that it is now listed on the Frankfurt Stock Exchange First Quotation Market under the t Friday, 12 Mar 2010 11:09:04 GMT http://www.m2.com/m2/web/story.php/2010FC2EC4C9FA45D04B802576E400337EC3/text/eqb http://www.m2.com/m2/web/story.php/201068BA1AA067AAAED4802576E400337EA7/text/eqb European bedroom furnishings company Beter Bed (OtherOTC: BBHDF) (Euronext: BBED) today announced a net profit of EUR23.9m for 2009. Friday, 12 Mar 2010 11:07:38 GMT http://www.m2.com/m2/web/story.php/201068BA1AA067AAAED4802576E400337EA7/text/eqb http://www.m2.com/m2/web/story.php/201030601BAF5F4C2EC0802576E400337E7D/text/eqb Belgian food retailer Delhaize Group (Euronext Brussels: DELB) (NYSE:DEG) has launched a new voluntary public tender offer for shares of its Greek subsidiary, Alfa Beta Vassilopoulos S.A. (Alfa Beta) (Athens:BASIK). Friday, 12 Mar 2010 11:05:32 GMT http://www.m2.com/m2/web/story.php/201030601BAF5F4C2EC0802576E400337E7D/text/eqb http://www.m2.com/m2/web/story.php/2010A023CBFB31AD55CC802576E4002DBE10/text/eqb Biopharmaceutical company Micromet Inc (Nasdaq:MITI) declared on Thursday that the company has priced an underwritten public offering of 10m shares of its common stock at USD7.00 per share. Friday, 12 Mar 2010 11:05:25 GMT http://www.m2.com/m2/web/story.php/2010A023CBFB31AD55CC802576E4002DBE10/text/eqb http://www.m2.com/m2/web/story.php/2010490A14789DDAF552802576E400338A1B/text/eqb RadiSys Corporation (NASDAQ:RSYS), a provider of application-ready software and hardware platforms, reported on Thursday its acquisition of privately-held Pactolus Communications Software Company for an undisclosed sum. Friday, 12 Mar 2010 11:03:23 GMT http://www.m2.com/m2/web/story.php/2010490A14789DDAF552802576E400338A1B/text/eqb http://www.m2.com/m2/web/story.php/2010CCB3FF1EB9E3ED04802576E4002DBDF6/text/eqb Generic pharmaceuticals provider Caraco Pharmaceutical Laboratories Ltd (NYSE:CPD) said on Thursday that the company has introduced 50mg and 100mg oxaliplatin injections. Friday, 12 Mar 2010 11:01:08 GMT http://www.m2.com/m2/web/story.php/2010CCB3FF1EB9E3ED04802576E4002DBDF6/text/eqb http://www.m2.com/m2/web/story.php/2010BD48C48910F82627802576E40033793B/text/eqb Mexican telecoms operator Axtel S.A.B. de C.V. (AXTEL) (BMV:AXTELCPO) (OTC:AXTLY) has priced a USD190m reopening of its 9.0% senior unsecured notes due 2019. Friday, 12 Mar 2010 11:00:37 GMT http://www.m2.com/m2/web/story.php/2010BD48C48910F82627802576E40033793B/text/eqb http://www.m2.com/m2/web/story.php/201013C9A91F94657E63802576E40033545A/text/eqb E-learning software provider SkillSoft plc (Nasdaq:SKIL) said on Thursday that its GAAP net income for the fourth quarter of fiscal 2010 was USD15.8m, down from USD18.8m in the same quarter of fiscal 2009. Friday, 12 Mar 2010 10:57:23 GMT http://www.m2.com/m2/web/story.php/201013C9A91F94657E63802576E40033545A/text/eqb http://www.m2.com/m2/web/story.php/2010A1F13893B33BA07C802576E4002DBDDC/text/eqb Mining company Golden Phoenix Minerals Inc (OTCBB:GPXM.ob) declared on Thursday that it has completed the sale of a 70% joint venture interest in its Mineral Ridge gold property, together with related assets, to Scorpio Gold Corporation. Friday, 12 Mar 2010 10:55:27 GMT http://www.m2.com/m2/web/story.php/2010A1F13893B33BA07C802576E4002DBDDC/text/eqb http://www.m2.com/m2/web/story.php/2010969CD942FF867F12802576E4002DBDC1/text/eqb Precious metals company NovaGold Resources Inc (TSX:NG) (AMEX:NG) declared on Thursday the completion of its non-brokered offering of 13,636,364 common shares, raising gross proceeds of USD75m. Friday, 12 Mar 2010 10:45:16 GMT http://www.m2.com/m2/web/story.php/2010969CD942FF867F12802576E4002DBDC1/text/eqb http://www.m2.com/m2/web/story.php/20104DF7819C82BB91B1802576E3006B734F/text/eqb IP-based networking products supplier UTStarcom Inc (Nasdaq:UTSI) announced on Thursday a GAAP net loss attributable to UTStarcom of USD39m for the fourth quarter of 2009. Friday, 12 Mar 2010 10:39:34 GMT http://www.m2.com/m2/web/story.php/20104DF7819C82BB91B1802576E3006B734F/text/eqb http://www.m2.com/m2/web/story.php/2010CB2EF376E1005ED1802576E4002DBDAA/text/eqb Steel producer Steel Dynamics Inc (Nasdaq:STLD) said on Thursday that the company intends to sell approximately USD300m in aggregate principal amount of debt securities, subject to market and other conditions. Friday, 12 Mar 2010 10:38:06 GMT http://www.m2.com/m2/web/story.php/2010CB2EF376E1005ED1802576E4002DBDAA/text/eqb http://www.m2.com/m2/web/story.php/2010929C46F171D2710C802576E4002DBD90/text/eqb Coal producer International Coal Group Inc (NYSE:ICO) said on Thursday that the company has priced an underwritten public offering of USD200.0m aggregate principal amount of its 9.125% senior secured second-priority notes due 2018. Friday, 12 Mar 2010 10:26:20 GMT http://www.m2.com/m2/web/story.php/2010929C46F171D2710C802576E4002DBD90/text/eqb http://www.m2.com/m2/web/story.php/2010B0280F2526BAEE0C802576E4002D4E6D/text/eqb Provider of space-based systems for government and commercial customers Lockheed Martin Space Systems Company, a business unit of Lockheed Martin Corporation (NYSE:LMT), has been selected by GeoEye Inc (Nasdaq:GEOY), a provider of imagery solutions, to bu Friday, 12 Mar 2010 10:25:06 GMT http://www.m2.com/m2/web/story.php/2010B0280F2526BAEE0C802576E4002D4E6D/text/eqb http://www.m2.com/m2/web/story.php/2010867A8965BE145349802576E4002D4E52/text/eqb American Tower Corporation (NYSE: AMT) has deployed an outdoor distributed antenna system (DAS) network in Barrington Hills, Illinois, the company announced on Thursday. Friday, 12 Mar 2010 10:21:27 GMT http://www.m2.com/m2/web/story.php/2010867A8965BE145349802576E4002D4E52/text/eqb