Picksthatmove.com Alerts include Market Vectors Vietnam ETF (NYSE: VNM); US Airways (NYSE: LCC); The Lockheed Martin (NYSE: LMT); Energen Corporation (NYSE: EGN) and Hutchison Telecommunications International Limited (NYSE: HTX)
-- October 28, 2009 Market Vectors Vietnam ETF (NYSE: VNM) at $29.49 on a volume of 105,865 shares
In a press release on October 28, Market Vectors(TM) Launches First U.S.-Listed Vietnam ETF
Another nod to Asia from Van Eck's product development team
NEW YORK, Aug 14, 2009 New York-based asset manager Van Eck Global today launched Market Vectors Vietnam ETF (NYSE: VNM) on NYSE Arca (R). VNM provides investors with the first U.S.-based ETF offering exposure to the Vietnamese market by seeking to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Vietnam Index (ticker: MVVNM).
VNM seeks to give investors convenient exposure to Vietnam, one of the world's most populous nations. Many believe the country's greatest strength lies in its educated and young population, which underpins local economic growth prospects. Nearly half of Vietnam's population of 90 million is under the age of 25.
More About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today the firm continues this 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.
About The Market Vectors Vietnam Index
The Market Vectors Vietnam Index is a rules-based, modified capitalization weighted, float adjusted index intended to give investors exposure to Vietnam. The current on-shore/off-shore market capitalization breakdown of the index is approximately 70 percent/30 percent, respectively. Constituent stocks must have a market capitalization of greater than $150 million on a rebalance date to be eligible for the index, and a three-month average daily turnover greater than $1 million. The target market coverage for the Index is 90% of the free float market capitalization of the investable universe with at least 25, and not more than 75, constituent companies. As of July 31, the top three index holdings were Vietnam Dairy Products JSC., Sacombank and HAGL. (10.03%, 7.35%, 7.04% of the Index, respectively).
-- October 28, 2009 US Airways (NYSE: LCC) trading at $3.20 on a volume of 11.99M shares
In a press release on October 28, US Airways Announces Strategic Plan to Strengthen Core Network
Focus Continues to Center around Core Network Strengths of Its Three Hubs, Focus City in Washington, D.C. and Shuttle Service
TEMPE, Ariz., Oct 28, 2009 US Airways (NYSE: LCC) today announced it is realigning its operations to focus on the airline's core network strengths, which include hubs in Charlotte (CLT), Philadelphia (PHL) and Phoenix (PHX), and a focus city at Washington's National Airport (DCA). These four cities, as well as the airline's popular hourly Shuttle service between New York's LaGuardia Airport (LGA), Boston (BOS) and Ronald Reagan Washington National Airport (DCA), will serve as the cornerstone of the airline's network. By the end of 2010 they will represent 99 percent of the airline's available seat miles (ASMs) versus roughly 93 percent today.
About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,000 flights per day and serves more than 200 communities in the U.S., Canada, Europe, the Middle East, the Caribbean and Latin America. The airline employs more than 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 19,000 daily flights to 1,071 airports in 171 countries. Together with its US Airways Express partners, the airline serves approximately 60 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city at Ronald Reagan Washington National Airport. And for the 11th consecutive year, the airline received a Diamond Award for maintenance training excellence from the Federal Aviation Administration for its Charlotte hub line maintenance facility. For more company information, visit usairways.com. (LCCG)
-- October 28, 2009 The Lockheed Martin (NYSE: LMT) trading at $69.20 on a volume of 2.58M shares.
In a press release out on October 28, Lockheed Martin Adds F-35 Program Managers to Ensure Smooth Introduction Into Each Service
FORT WORTH, Texas, Oct 28, 2009 The Lockheed Martin (NYSE: LMT) F-35 Lightning II team has established three new leadership positions to ensure a successful F-35 Initial Operational Capability (IOC) and introduction into U.S. military fleets. The new program managers, one each for the Air Force, Navy and Marine Corps, will provide a direct link between Lockheed Martin and the individual services.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
-- October 28, 2009 Energen Corporation (NYSE: EGN) last at $45.63 a volume of 842,987 shares
In a press release out on October 28, Energen Earns $0.65 per Diluted Share in Third Quarter 2009
Earnings Guidance: 2009 Range Increased to $3.45-$3.65/Diluted Share; 2010 Range Initiated at $4.00-$4.40/Diluted Share
BIRMINGHAM, Ala., Oct 28, 2009 Energen Corporation (NYSE: EGN) reported today that consolidated net income in the third quarter of 2009 totaled $47.1 million, or $0.65 per diluted share, as compared with $73.1 million, or $1.01 per diluted share, in the third quarter of 2008. Included in current-year third quarter results is a one-time gain of $3.1 million, or $0.04 per diluted share, generated by the sale of a small, non-operated Permian Basin property by Energen Resources Corporation, the company's oil and gas exploration and production subsidiary.
Energen Resources generated third quarter net income of $59.0 million in 2009 as compared with $79.6 million in the same period last year. The independent producers' substantial hedge position, 12 percent increase in production and 25 percent decrease in per-unit LOE helped offset the negative impact of significantly lower oil and gas prices and higher DD&A expense.
About Energen Corportation
Energen Corporation (Energen) is an energy holding company engaged in the development, acquisition, exploration and production of oil, natural gas and natural gas liquids in the continental United States and in the purchase, distribution and sale of natural gas in central and north Alabama. The two subsidiaries of the Company are Energen Resources Corporation (Energen Resources) and Alabama Gas Corporation (Alagasco). The Company operates in two business segments: oil and gas operations, and natural gas distributions.
-- October 28, 2009 Hutchison Telecommunications International Limited (NYSE: HTX) last at $2.98 on a volume of 83,996 shares
In a press release out on October 28, Hutchison Telecom completes sale of controlling stake in Partner Communications
HONG KONG, Oct 28, 2009 Hutchison Telecommunications International Limited ("Hutchison Telecom", the "Company", SEHK: 2332, NYSE: HTX) announced that its subsidiary, Advent Investments Pte Ltd, had completed the sale of its controlling stake in Partner Communications Company Ltd. to Scailex Corporation Ltd. today on 28 October 2009. The sale proceeds will be retained for general corporate purposes pending the completion of a review of the Company's capital requirements by the Board.
About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading provider of telecommunications services. The Group currently offers mobile telecommunications services in Indonesia, Vietnam, Sri Lanka and Thailand, operating brands "Hutch", "3" and "Vietnamobile".
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