Archive for September, 2009

Black Hills Corp. (NYSE:BHK) To Build Electric Generation

Wednesday, September 30th, 2009

Black Hills Corporation (NYSE:BHK) recently announced that its Black Hills Colorado IPP (BHCI) subsidiary was selected through a competitive bid process as the least-cost option to provide 200 MW of power to the Black Hills Energy-Colorado Electric, a utility subsidiary of Black Hills Corp. BHCI will build the 200 MW of natural gas-fired electric generation in Colorado and sell the power to Black Hills Energy-Colorado Electric through a 20-year power purchase agreement.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock Newsletter”We are pleased with the opportunity to add new generation capacity to serve the Black Hills Energy – Colorado Electric utility customers,” said David R. Emery, chairman, president and chief executive officer of Black Hills Corporation(NYSE:BHK). “Our ability to build generation facilities on time and on budget is a core strength of our diversified energy company, and our experienced

Borders (NYSE: BGP) to Offer Free Wi-Fi Starting Next Month

Wednesday, September 30th, 2009

Borders Group Inc. (NYSE: BGP) said Tuesday it signed a deal with Verizon Communications Inc. (NYSE: VZ) to provide free WiFi service in “virtually all” of its more than 500 stores around the country.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterThe service is expected to be available by mid-October.Borders shares slid 3 cents to close at $3.27.Sign up for Todayfor our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit ourwebsite.About Wall Street GrandWall Street Grand is the best investor relations company on the web. From Research Reports to Stock Profiles, we give you everything you need to make the best investment decisions daily. Each of our Featured Investment Opportunities hold premium characteristics to succeed even our own expectations making us the best kept secret of Wall Street.To feature a company

Boston Scientific (NYSE: BSX) to Pay J&J (NYSE: JNJ) $716.3M to Settle Lawsuits

Wednesday, September 30th, 2009

Boston Scientific Corp. (NYSE: BSX) said Tuesday it will pay Johnson & Johnson (NYSE: JNJ) $716.3 million to settle 14 patent infringement lawsuits related to the use of stents in treating heart disease, according to Associated Press.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterBoston Scientific will pay Johnson & Johnson’s subsidiary Cordis Corp. on Thursday, using cash from a legal reserve. Johnson & Johnson will record most of the payment as a special item in the fourth quarter.Stents are mesh metal tubes used to prop open arteries after the vessels have been cleared of fatty plaque. Some of the lawsuits being settled are related to Boston Scientific’s NIR stent delivery system.The companies agreed to dismiss lawsuits in the U.S., Canada and elsewhere that relate to the use of stents in diagnosing and treating heart disease, as well as the design of drug coated stents, balloon catheters,

Carmike Cinemas to Present at Thomas Weisel Partners 2009 Consumer Conference

Wednesday, September 30th, 2009

Carmike Cinemas, Inc. (NASDAQ: CKEC) will present at the Thomas Weisel Partners 2009 Consumer Conference. The company’s senior management team is scheduled to present at 10:20 am (EDT) on October 1, 2009. The conference will be located at the New York Palace Hotel in New York City.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterA live webcast of the presentation will be available on the Investor Relations section of the company’s website. A replay of the presentation will also be available for about 30 days following the eventon the company’s website.Carmike Cinemas, Inc. is a U.S. leader in digital cinema and 3D cinema deployments and one of the nation’s largest motion picture exhibitors. As of June 30, 2009, Carmike had 247 theatres with 2,285 screens in 35 states. Carmike’s digital cinema footprint reaches 2,133 screens, including 192 theatres with 499 screens that are also equipped for 3D.

China Education Alliance (NYSE Amex: CEU) Announces Pricing of Common Stock

Wednesday, September 30th, 2009

China Education Alliance, Inc. (NYSE Amex:CEU), a China-based education resource and service company, today announced that it has priced its public offering of 3,162,055 shares of common stock. China Education Alliance, Inc. (NYSE Amex:CEU) is a fast growing, leading China-based company offering high-quality education resources and services to students.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterChina Education Alliance, Inc. (NYSE Amex:CEU) is a China-based company offering high-quality education resources and services to students. For students’ ages 6 to 18; and adults ages 18+ (University students and professionals); China Education Alliance (NYSE Amex:CEU). offers supplemental, online exam-oriented training materials and on-site exam- oriented training and tutoring services. The company is providing on-line, download able teachers resources and on-site face-to-face instruction. All

Hartford Financial (NYSE: HIG) Names New President, CEO

Wednesday, September 30th, 2009

The Hartford Financial Services Group Inc. (NYSE: HIG) on Tuesday named Liam E. McGee, a former Bank of America executive, as its new chairman and CEO.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterThe appointment is effective Oct. 1.The 55-year-old McGee succeeds Ramani Ayer, who announced his plans to retire as head of the life insurer this summer.The company said Ayer will step down as chairman and CEO on Oct. 1, and retire a month later to allow for a transition period.Hartford Financial said McGee most recently served as president of the consumer and small business bank for Bank of America Corporation. He also oversaw the corporation’s global technology and delivery in more than 30 countries, the company said.McGee and his family live in Charlotte, N.C., but will relocate to the greater Hartford area.The change in leadership comes as insurers have seen their investment portfolios slammed by

RCN (NASDAQ: RCNI) Names Jose Cecin as Exec. VP, COO

Tuesday, September 29th, 2009

RCN Corp., a video, data and voice services provider, on Monday named Jose A. Cecin Jr. to the new post of executive vice president and chief operating officer, according to Associated Press.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterCecin, 46, will head the residential and business services units. Cecin joined the company’s board in April and will keep his board seat but step down from the audit and compensation committees.Cecin was previously president of Lumina, a strategy and corporate development advisory company that he founded.RCN also is searching for new independent directors.Sign up for Todayfor our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit ourwebsite.About Wall Street GrandWall Street Grand is the best investor relations company on the web. From Research Reports to Stock Profiles, we give

Palm (NASDAQ: PALM) Closes 23M Shares in Public Offering

Tuesday, September 29th, 2009

Palm Inc. (NASDAQ: PALM) said Monday it has closed its public offering of 23 million shares and received net proceeds of about $359.9 million, according to Associated Press.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterVenture capital firm Elevation Partners, which already had a stake in Palm, bought 2.15 million of the shares, the company said.The shares were sold at $16.25 each.Palm plans to use the proceeds for working capital and general corporate purposes.The company’s shares added 1 cent to $16.93 in after-hours trading. The stock had closed up 55 cents, or 3.4 percent, at $16.92 in the regular session.Sign up for Todayfor our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit ourwebsite.About Wall Street GrandWall Street Grand is the best investor relations company on the web. From Research Reports to

MV Agusta Unveils First Models in 10 Years

Tuesday, September 29th, 2009

Italian motorcycle maker MV Agusta Group unveiled its first new models in 10 years on Monday, saying its purchase by motorcycle giant Harley-Davidson Inc. last year is beginning to pay off.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterThe two new bikes, which are new versions of its Brutale sport bikes, are geared toward younger, affluent riders interested in MV Agusta’s sporty performance rides. The 2010 Brutale 990R has a 990 cubic-centimeter engine and will be priced at $15,000 when it goes on sale in the U.S. at the end of this year or early next year. The 2010 Brutale 1090R has a more powerful engine and will cost $18,000.Larry Ferracci, MV Agusta’s director of U.S. operations, said the bikes mark a big step for the once-struggling motorcycle maker. He said the company’s acquisition by Harley gives MV Agusta deeper pockets to keep developing new products, several more of which it will roll

Merck (NYSE: MRK) Reaches Six-Year Marketing Deal with CSL (NYSE: CSL) for Afluria

Tuesday, September 29th, 2009

CSL Ltd. (NYSE: CSL) and its unit CSL Biotherapies on Monday said it reached a marketing and distribution deal with drug developer Merck & Co. (NYSE: MRK) for the seasonal flu vaccine Afluria.Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.Sign Up for our Free Stock NewsletterFinancial details of the deal were not disclosed, according to Associated Press.Australia-based CSL makes Afluria, which is sold in both pre-filled syringes and multi-dose vials. Under the deal, CSL has a six-year, exclusive marketing and distribution deal in the U.S.Merck will have exclusive sales and distribution rights in the U.S. beginning with the 2010-2011 flu season. CSL will retain the license.Shares of Merck rose $1.12, or 3.6 percent, to $32.37 in afternoon trading.Sign up for Todayfor our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit ourwebsite.About Wall Street