PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, November 18, 2009: TNP, JCP, MOD, SHAW, C and CAJ
Nov 18, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: Canon, Inc. (CAJ), Citigroup, Inc. (C), J.C. Penney Co., Inc. (JCP), Modine Manufacturing Co. (MOD), Shaw Group, Inc. (THE) (SHAW), Tsakos Energy Navigation Ltd. (TNP)
Picksthatmove.com Alerts include Tsakos Energy Navigation Ltd. (NYSE: TNP); J. C. Penney Company, Inc. (NYSE:JCP); Modine Manufacturing Company (NYSE: MOD); The Shaw Group Inc. (NYSE: SHAW); Citi (NYSE: C) and Canon Inc. (NYSE:CAJ)
-- November 18, 2009 Tsakos Energy Navigation Ltd. (NYSE: TNP) at $16.45 on a volume of 63,330 shares
In a press release on November 18, Tsakos Energy Navigation Announces Delivery to New Owners of 2002-Built Pentathlon and Sale of 2002-Built Suezmax Tanker Decathlon
ATHENS, Greece, Nov 18, 2009 Tsakos Energy Navigation Ltd. ("TEN" or "the Company") (NYSE:TNP) today announced the delivery of the Pentathlon to its new owners and the sale of the 2002-built 164,274 dwt suezmax tanker Decathlon to the same independent third party. The Decathlon will be delivered to its buyers in February, 2010.The capital gains resulting from the sale of the vessels will be recorded in the fourth quarter of 2009 and the first quarter of 2010. All proceeds from both sales will be free cash available for reinvestment.
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 18, 2009 J. C. Penney Company, Inc. (NYSE:JCP) trading at $29.66 on a volume of 1.36M shares
In a press release on November 18, JCPenney Transforms Catalog Strategy to Better Serve Customer Preferences
Retailer Completes Migration from "Big Books" to Targeted Catalogs, Internet and Digital Marketing as Part of Integrated Approach
PLANO, Texas, Nov 18, 2009 Delivers Environmental Benefits from Substantial Paper Reduction As part of its effort to continually adapt its marketing strategies to meet evolving customer preferences, J. C. Penney Company, Inc. (NYSE:JCP) has taken steps to further reshape the way it engages with customers through an integrated marketing approach that incorporates stores, catalogs, online applications and emerging digital marketing platforms, including social media.
About JCPenney
JCPenney is one of America's leading retailers, operating 1,109 department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, www.jcp.com, and the nation's largest general merchandise catalog business. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands which reflect the Company's commitment to providing customers with style and quality at a smart price. Traded as "JCP" on the New York Stock Exchange, the Company posted revenue of $18.5 billion in 2008 and is executing its strategic plan to be the growth leader in the retail industry. Key to this strategy is JCPenney's "Every Day Matters" brand positioning, intended to generate deeper, more emotionally driven relationships with customers by fully engaging the Company's 150,000 Associates to offer encouragement, provide ideas and inspire customers every time they shop with JCPenney.
-- November 18, 2009 Modine Manufacturing Company (NYSE: MOD) trading at $11.85 on a volume of 97,414 shares.
In a press release out on November 18, Modine Wins New Power Train Cooling Business with Daimler India;Partnering to Develop Solutions to Meet Higher Truck Emission Standards
RACINE, Wis., Nov 18, 2009 Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that its operation in India has been awarded a contract by Daimler India Commercial Vehicles, Ltd. The program, which will support Daimler's light, medium and heavy-duty trucks for the Indian market, will be manufactured in Modine's new production plant in Sriperumbudur, Chennai.
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 in 15 countries. For more information about Modine, visit www.modine.com.
-- November 18, 2009 The Shaw Group Inc. (NYSE: SHAW) last at $28.65 a volume of 184,364 shares
In a press release out on November 18, Shaw Selected to Provide Technology and Design Services for Yanchang Petroleum Group's Olefins Recovery Unit in China
BATON ROUGE, La., Nov 18, 2009 The Shaw Group Inc. (NYSE: SHAW) today announced it has been selected to license its proprietary Refinery Offgas (ROG) purification and recovery technology and supply process design services for a 1,500 kilo tonnes per annum (kTA) deep catalytic cracking (DCC) unit in Shaanxi province, China. The unit, which produces ethylene and propylene from heavy oil feedstock, is owned by Yulin Energy and Chemical Co. Ltd., a subsidiary of Yanchang Petroleum Group Co. (SYP).
About Shaw Group Inc.
The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2009 annual revenues of $7.3 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 28,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For further information, please visit Shaw's Web site atwww.shawgrp.com.
-- November 18, 2009 Citi (NYSE: C) last at $4.27 on a volume of 167.86M shares
In a press release out on November 18, Citi To Extend Electronic Options Trading to Buy Side Clients
Institutional Clients Can Now Access Citi's Market Leading Options Platform
NEW YORK, Nov 18, 2009 Citi (NYSE: C) today announced it is offering buy side clients access to its market leading electronic options trading platform. Institutional clients can now access Citi's option smart-routing platform through the same interface they use to trade other asset classes with Citi, providing buy side clients with a full suite of electronic trading services for equity related products.
About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com orwww.citi.com.
-- November 18, 2009 Canon Inc. (NYSE:CAJ) trading at $38.73 on a volume of 59,014 shares
In a press release out on November 18, Canon U.S.A. Introduces New imageFORMULA DR-2020U Universal Scanner for Business Environments of All Sizes
New DR-2020U Document Imaging Solution Provides
LAKE SUCCESS, N.Y., Nov 18, 2009 Versatility, Ease of Use, and Advanced Scanning Technology For Office Workgroups Canon U.S.A., Inc., a leading provider of advanced digital imaging and software solutions, today unveiled its new digital scanning solution for workgroup document imaging and general office applications -- the new imageFORMULA DR-2020U -- the latest model in the Company's award-winning DR-Scanner line.
The DR-2020U incorporates the reliable paper handling and high-quality imaging capabilities inherent in Canon's DR-Scanner line to provide robust functionality at an affordable price. Ideal for distributed scanning and general office workloads, the DR-2020U offers versatile three-way scanning -- a 50-page Automatic Document Feeder (ADF) for batch scanning, a flatbed to accommodate unconventional-sized documents, and a dedicated business card feeder tray to handle batch business card scanning. The DR-2020U is capable of one-pass duplex scanning at up to 20 pages / 40 images per minute (ppm/imp) in black-and-white and up to 20 ppm/imp in color*. Combined with its user-friendly design and extensive bundled software, the DR-2020U is indispensable to nearly any office environment.
About Canon U.S.A., Inc.
Canon U.S.A., Inc. is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. Its parent company, Canon Inc. (NYSE:CAJ), a top patent holder of technology, ranked third overall in the U.S. in 2008+, with global revenues of US $45 billion, is listed as number four in the computer industry on Fortune Magazine's World's Most Admired Companies 2009 list, and is on the 2009 BusinessWeek list of "Top 100 Brands." Canon is committed to the highest levels of customer satisfaction and loyalty, providing 100 percent U.S.-based consumer service and support for all products. At Canon, we care because caring is essential to living together in harmony. Founded upon a corporate philosophy of Kyosei -- "all people, regardless of race, religion or culture, harmoniously living and working together into the future" -- Canon U.S.A. supports a number of social, youth, educational and other programs, including environmental and recycling initiatives. Additional information about these programs can be found at www.usa.canon.com/kyosei. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss.
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News Provided by COMTEX
Companies: Canon, Inc. (CAJ), Citigroup, Inc. (C), J.C. Penney Co., Inc. (JCP), Modine Manufacturing Co. (MOD), Shaw Group, Inc. (THE) (SHAW), Tsakos Energy Navigation Ltd. (TNP)
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