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PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, November 06, 2009: GE, PRX, TNP, COV, DM and NI

Picksthatmove.com Alerts include General Electric Company (NYSE:GE); Par Pharmaceutical Companies, Inc. (NYSE: PRX); Tsakos Energy Navigation Limited (NYSE:TNP); Covidien (NYSE: COV); Dolan Media Company (NYSE: DM) and NiSource Inc. (NYSE: NI)

-- November 06, 2009 General Electric Company (NYSE:GE) at $15.42 on a volume of 87.71M shares

In a press release on November 06, GE Capital Retail Consumer Finance Extends Consumer Credit Card Program Partnership with JCPenney

Decade-Long Relationship with Leading National Retailer Extended for Four Years

STAMFORD, Conn., Nov 06, 2009 Program Provides Credit, Convenience, Security and Value to Millions of Consumers in Communities Throughout the United States. GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company (NYSE:GE), today announced a four year renewal of its private label credit card program with leading national retailer J.C. Penney Company, Inc. (NYSE:JCP).

The program provides vital credit to millions of consumers who shop at more than 1,100 JCPenney stores in communities across the United States and Puerto Rico as well as through its catalog, and on jcp.com.

About GE Capital Retail Consumer Finance

GE Capital Retail Consumer Finance (RCF) is one of the most successful retail credit providers with more than $30 billion in assets and over 40 million account holders. The business unit provides private label credit card programs, bankcards, and financial services for consumers -- retail-branded through its retail partners. It is part of General Electric Company's GE Capital division, which has more than $550 billion in assets and over 130 million customers in 55 countries. Since the start of 2008 through June 30 of this year, GE Capital has extended more than $127 billion of credit to some 50 million consumers in the United States. For more information, visit www.gecapital.com and follow us on twitter.com/GECapitalNews.

About General Electric Company

General Electric Company (GE) is a diversified technology, media and financial services company. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. As of December 31, 2008, GE operated in five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal, Capital Finance and Consumer & Industrial. In January 2009, the Company acquired Interbanca S.p.A., an Italian corporate bank. In April 2008, Oil & Gas completed the acquisition of the Hydril Pressure Controls business from Tenaris. In September 2008, the Company announced the sale of its Japanese consumer finance business to Shinsei Bank. During the year ended December 31, 2008, the Company acquired Whatman plc; Vital Signs, Inc.; Merrill Lynch Capital, and CitiCapital.In September 2009, the Company completed the acquisition of ScanWind.

-- November 06, 2009 Par Pharmaceutical Companies, Inc. (NYSE: PRX) trading at $22.05 on a volume of 823,527 shares

In a press release on November 06, Par Pharmaceutical Reports EPS of $0.76 for Third Quarter 2009

Achieves Record Quarterly Gross Margin of $92 Million

WOODCLIFF LAKE, N.J., Nov 06, 2009 Par Pharmaceutical Companies, Inc. (NYSE: PRX) today reported results for the third quarter ended October 3, 2009.

For the third quarter ended October 3, 2009, Par reported total revenues of $294.8 million and net income of $26.3 million, or $0.76 per diluted share. This is compared to reported revenues of $149.0 million and net income of $0.5 million, or $0.01 per diluted share for the same period in 2008, which included several one-time items.

For the nine months ended October 3, 2009, total revenue was $902.8 million with net income of $66.2 million, or $1.95 per diluted share. This is compared to total revenues of $416.8 million and a net loss of $19.3 million, or $0.57 per diluted share in the same period of 2008.

About Par

Par Pharmaceutical Companies, Inc. develops, manufactures and markets generic drugs and innovative branded pharmaceuticals for specialty markets. For press release and other company information, visit www.parpharm.com.

-- November 06, 2009 Tsakos Energy Navigation Limited (NYSE:TNP) trading at $15.00 on a volume of 62,148 shares.

In a press release out on November 06, ATHENS, Greece, Nov. 6, 2009 TSAKOS ENERGY NAVIGATION LIMITED ("TEN" and "the Company") (NYSE:TNP) today reported financial results (unaudited) for the third quarter and nine months ended September 30, 2009.

Net income was $2.11 million for the third quarter of 2009 as compared to $40.98 million for the third quarter of 2008. This was primarily due to the lower freight rate market and to fewer operating days due to the accelerated dry-docking of six vessels following management's decision to bring certain dry-dockings scheduled for 2010 forward in order to have more vessels available next year when the freight market is expected to improve. Net revenues (voyage revenues net of commissions and voyage expenses) reached $82.78 million from $124.35 million in the same quarter of 2008. The time charter equivalent per ship per day was $21,116 in the third quarter of 2009 versus $33,732 in the third quarter of 2008. Operating expenses per ship per day decreased to $8,121 from $9,243 in the third quarter of 2008, a 12.1% reduction mainly due to cost containment efforts and lower repair expenses.

Revenues, net of voyage expenses and commissions, were $277.52 million in the first nine months of 2009 from $386.67 million in the same period in 2008. TEN operated on average 46.3 ships as compared with 43.7 in 2008. Time charter equivalent per ship, per day was $23,819 compared to $34,890 while operating expenses per ship per day fell to $8,655 from $9,373, a 7.7% reduction. General and administrative expenses were modestly reduced, from $3.16 million to $3.15 million while management fees rose in line with fleet expansion and contractual fee increases. Stock compensation expense fell to $0.66 million from $4.25 million in the nine month period of 2008.

About Tsakos Energy Navigation Limited

Tsakos Energy Navigation Limited (Tsakos Energy Navigation) is a provider of international seaborne crude oil and petroleum product transportation services. The Company also transports liquefied natural gas (LNG). Tsakos Energy Navigation owns a fleet of tankers providing worldwide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. As of March 31, 2009, the Company operated a fleet of 46 double-hull tankers providing worldwide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters and one LNG carrier. The Company's fleet consists of three very large crude carriers (VLCCs), 10 suezmaxes, 11 aframaxes, seven panamaxes, six handymaxes, eight handysizes and one LNG carrier. All vessels are owned by the Company's subsidiaries.

-- November 06, 2009 Covidien (NYSE: COV) last at $43.84 a volume of 420,701 shares

In a press release out on November 06, Covidien Successfully Completes Tender Offer for Shares of Aspect Medical Systems, Inc.

DUBLIN, Nov 06, 2009 Covidien (NYSE: COV), a leading global provider of healthcare products, today announced the successful completion of its tender offer through its subsidiary, Transformer Delaware Corp., to purchase all of the outstanding shares of common stock of Aspect Medical Systems, Inc. The tender offer expired at 12:00 midnight ET, at the end of November 5, 2009, and was not extended.

ABOUT COVIDIEN

Covidien is a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien manufactures, distributes and services a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Medical Supplies. With 2008 revenue of $10 billion, Covidien has more than 41,000 employees worldwide in 59 countries, and its products are sold in over 140 countries. Please visit www.covidien.com to learn more about our business.

-- November 06, 2009 Dolan Media Company (NYSE: DM) last at $11.95 on a volume of 371,452 shares

In a press release out on November 06, Dolan Media Acquires Majority Interest in DiscoverReady, National Outsourced Discovery Management Provider

MINNEAPOLIS, Nov 06, 2009 Dolan Media Company (NYSE: DM), a leading provider of professional services and business information to the legal, financial and real estate sectors in the United States, said today that it acquired an 85% equity interest in DiscoverReady, LLC, a leading provider of outsourced discovery management and fixed-fee document review services to major companies and their counsel.

About Dolan Media Company

Dolan Media Company (Dolan Media) is a provider of necessary business information and professional services to the legal, financial and real estate sectors in the United States. The Company serves its customers through two complementary operating divisions: Business Information and Professional Services. As of December 31, 2008, the business information division publishes 58 print publications consisting of 13 paid daily publications, 31 paid non-daily publications and 14 non-paid non-daily publications. Its Professional Services Division consists of two operating units: American Processing Company LLC (APC), and Counsel Press, LLC (Counsel Press). APC is a provider of mortgage default processing services in the United States. Counsel Press is a appellate service provider. On September 2, 2008, APC acquired all of the equity interests in National Default Exchange Management, Inc., National Default Exchange Holdings, LP, THP/NDEx AIV, Corp., and THP/NDEx AIV, LP (collectively as NDEx).

-- November 06, 2009 NiSource Inc. (NYSE: NI) trading at $13.46 on a volume of 1.46M shares

In a press release out on November 06, NiSource Fourth-Best Utility in Newsweek 'Green Rankings'

Strong environmental practices and management systems cited

MERRILLVILLE, Ind., Nov 06, 2009 NiSource Inc. (NYSE: NI) has been ranked fourth out of 37 U.S. utilities in Newsweek Magazine's "Green Rankings" of the nation's largest corporations.

Newsweek and three research partners compiled the rankings by assessing each company's resource use and emissions; policies and strategies; and reputation among peers. The nation's 500 largest companies, as measured by revenue, market capitalization and number of employees, were broken out into 15 sectors.

NiSource was ranked fourth among companies in the utility industry sector and 211th overall. NiSource's "Green Policies" score - an assessment of a company's environmental policies and performance - was first in the utility sector and 40th among all companies in the ranking.

About NiSource

NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to 3.7 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at www.nisource.com.

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