PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, October 23, 2009: HIG, SPW, STJ, ACL, AV and PKI
Oct 23, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: Alcon, Inc. (ACL), Avaya, Inc. (AV), Hartford Financial Services Group, Inc. (HIG), PerkinElmer, Inc. (PKI), SPX Corp. (SPW), St. Jude Medical, Inc. (STJ)
Picksthatmove.com Alerts include The Hartford Financial Services Group, Inc. (NYSE:HIG); SPX Corporation (NYSE: SPW); St. Jude Medical, Inc. (NYSE:STJ); Alcon, Inc. (NYSE: ACL); Avaya Inc. (NYSE:AV) and PerkinElmer, Inc.(NYSE:PKI)
-- October 23, 2009 The Hartford Financial Services Group, Inc. (NYSE:HIG) at $16.03 on a volume of 3.22M shares
In a press release on October 23, The Hartford Introduces New Personal Retirement Manager(SM) with Hartford Leaders Variable Annuity
Unique design combines investment growth potential with guaranteed lifetime income in a more cost-effective way. One-of-a-kind product includes a guaranteed income investment feature called the "Personal Pension Account."
SIMSBURY, Conn., Oct 23, 2009 Today, The Hartford Financial Services Group, Inc. (NYSE:HIG) introduces The Hartford's Personal Retirement Manager, an innovative new way to combine long-term investment growth and guaranteed lifetime income potential in a single, user-friendly, tax-deferred retirement planning vehicle.
About The Hartford
Celebrating nearly 200 years, The Hartford (NYSE: HIG) is an insurance-based financial services company that serves households, businesses and employees by helping to protect their assets and income from risks, and by managing wealth and retirement needs. A Fortune 500 company, The Hartford is recognized widely for its service expertise and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.
-- October 23, 2009 SPX Corporation (NYSE: SPW) trading at $59.74 on a volume of 96,553 shares
In a press release on October 23, SPX Completes Sale of Filtran Business Unit
CHARLOTTE, N.C., Oct 23, 2009 SPX Corporation (NYSE: SPW) today announced that it has completed the sale of its Filtran business unit, a global leader in automotive filtration solutions, to Madison Capital Partners, for an undisclosed price. SPX Corporation has reported this business unit as a discontinued operation since the fourth quarter 2008. Filtran was the last remaining SPX business unit that manufactured automotive components. With this divestiture, SPX has completed its strategy to exit the automotive components industry.
about SPX Corporation
SPX Corporation is a global multi-industry manufacturing company with operations in over 40 countries and sales in over 150 countries around the world. The majority of its revenues, approximately 56% during the year ended December 31, 2008, are driven by global infrastructure development.The Company has four operating segments: Flow Technology, Test and Measurement, Thermal Equipment and Services, and Industrial Products and Services. In September 2008, the Company acquired Autoboss Tech, Inc., a China-based manufacturer of diagnostic tools and equipment. In January 2009, the Company sold its remaining portion of its DeZurik product line to Sartell Valves Inc. In July 2008, it announced the completion of the sale of its air filtration business unit to the Riverside Company. In December 2008, the Company sold its operations of Vibration Testing and Data Acquisition Equipment business (LDS) and Scales and Counting Systems business.
-- October 23, 2009 St. Jude Medical, Inc. (NYSE:STJ) trading at $34.44 on a volume of 2.13M shares.
In a press release out on October 23, St. Jude Medical Board of Directors Authorizes Share Repurchase
ST. PAUL, Minn., Oct 23, 2009 St. Jude Medical, Inc. (NYSE:STJ) announced today that its Board of Directors has authorized a share repurchase of up to $500 million of its outstanding common stock. The repurchases will occur at such times and at such prices as the management of the Company determines and may be effected through transactions in the open market, in privately negotiated transactions or otherwise.
About St. Jude Medical
St. Jude Medical develops medical technology and services that focus on putting more control into the hands of those who treat cardiac, neurological and chronic pain patients worldwide. The company is dedicated to advancing the practice of medicine by reducing risk wherever possible and contributing to successful outcomes for every patient. Headquartered in St. Paul, Minn., St. Jude Medical employs more than 14,000 people worldwide and has four major focus areas that include: cardiac rhythm management, atrial fibrillation, cardiovascular and neuromodulation. For more information, please visit www.sjm.com.
-- October 23, 2009 Alcon, Inc. (NYSE: ACL) last at $147.18 a volume of 218,280 shares
In a press release out on October 23, Potentia Pharmaceuticals Enters into Licensing and Purchase Option Agreements with Alcon
LOUISVILLE, Ky., Oct. 23, 2009 Alcon takes over development of POT-4 as a treatment for patients with age-related macular degeneration -- Deal provides path for Alcon to acquire Potentia
Potentia Pharmaceuticals, a privately-held biotechnology company developing medicines for the treatment of age-related macular degeneration (AMD), announced today that it has entered into licensing and purchase option agreements with Alcon Research, Ltd., a wholly-owned subsidiary of Alcon, Inc. (NYSE: ACL). The agreements provide Alcon with a license to develop Potentia's leading drug candidate, POT-4, for the treatment of AMD. The agreements also provide for Alcon to acquire the shares of Potentia if specified development milestones are achieved and if Alcon elects to continue development of POT-4.
About Alcon, Inc.
Alcon, Inc. is the world's leading eye care company, with sales of approximately $6.3 billion in 2008. Alcon, which has been dedicated to the ophthalmic industry for 65 years, researches, develops, manufactures and markets pharmaceuticals, surgical equipment and devices, contacts lens solutions and other vision care products that treat diseases, disorders and other conditions of the eye. Alcon operates in 75 countries and sells products in 180 markets. Alcon's majority shareholder is Nestle, S.A., the world's largest food company. For more information on Alcon, Inc., visit the Company's web site at www.alcon.com.
-- October 23, 2009 Avaya Inc. (NYSE:AV) last at $14.13 on a volume of 17,202 shares
In a press release out on October 23, Avaya Expands Relationship With AT&T for Small to Medium Enterprise Customers
New Customer Sales Center Focused on Joint AT&T-Avaya Solutions Opens This Week
BASKING RIDGE, NJ, Oct 23, 2009 Avaya, a leading global provider of business communications applications, systems and services, announced this week that it has expanded its relationship with AT&T* by creating a dedicated customer sales center to serve the communications needs of Small to Medium Enterprises (SME).
About Avaya Inc.
Avaya Inc. (NYSE:AV) is a global leader in enterprise communications systems. The company provides unified communications, contact centers, and related services directly and through its channel partners to leading businesses and organizations around the world. Enterprises of all sizes depend on Avaya for state-of-the-art communications that improve efficiency, collaboration, customer service and competitiveness. For more information please visit www.avaya.com. For more information on Avaya SME solutions, please visit www.avaya.com/small.
-- October 23, 2009 PerkinElmer, Inc.(NYSE:PKI) trading at $19.72 on a volume of 405,866 shares
In a press release out on October 23, PerkinElmer and Alpha Omega Technologies Inc. Enter Resale Arrangement
WALTHAM, Mass., Oct 23, 2009 PerkinElmer, Inc., a global leader focused on the health and safety of people and the environment, has entered into a resale arrangement with Alpha Omega Technologies Inc. (AOTI).
Under this arrangement, AOTI will incorporate PerkinElmer's proprietary gas chromatography (GC) products into its customized offering within the United States and Canada. The offering will bring AOTI's petrochemical market customers new state-of-the-art solutions to better meet their most demanding measurement applications. Financial details of the arrangement were not disclosed.
About PerkinElmer, Inc.
PerkinElmer, Inc.(NYSE:PKI) is a global leader focused on improving the health and safety of people and the environment. The Company reported revenue of approximately $2 billion in 2008, has around 8,500 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through www.perkinelmer.com or 1-877-PKI-NYSE.
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News Provided by COMTEX
Companies: Alcon, Inc. (ACL), Avaya, Inc. (AV), Hartford Financial Services Group, Inc. (HIG), PerkinElmer, Inc. (PKI), SPX Corp. (SPW), St. Jude Medical, Inc. (STJ)
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