Raytheon Company (NYSE:RTN) has gained an $8.7 million modification to a previously awarded production contract under which it is to provide the U.S. Navy with Joint Tactical Terminal Senior (JTT-Sr) radios that are supposed to be compatible with the new Common Interactive Broadcast (NYSE:CIB) waveform they contain the most recent security, hardware, and software improvements. The radios receive and broadcast near real-time threat data from a variety of national and tactical sensors to joint service host platforms. The information, disseminated over Integrated Broadcast Service (IBS) networks, delivers surveillance reports and tracking to support theater-based tactical situational awareness necessities, and they provide critical ballistic missile defense support for cuing target acquisition systems and broadcasting missile detection warnings.
Questcor Pharmaceuticals (NYSE:QCOR): Option players displayed an increasing preference for Questcor Pharmaceuticals, Inc. (QCOR – 30.66) puts in recently, per data at the International Securities Exchange (ISE), Chicago Board Options Exchange (NASDAQ:CBOE), and NASDAQ OMX PHLX (PHLX). In the latest 10 sessions, traders have bought to open 1.95 puts for every call on QCOR, this shows a rise over the stock’s 50-day put/call volume ratio of 0.87. Furthermore, the shorter-term ratio ranks higher than 91 percent of similar readings that were taken during the past year, indicating that puts were bought to open over calls at a near annual-high clip.
Facebook (NYSE:FB) Offers will not be free for long. Recently, the company has been searching for a new way to increase its revenue via charging merchants to run deals on its site. The company launched Facebook Offers last year as a free service allowing businesses to send promotions directly to user news feeds. The service, competition to Groupon and other similar offerings, lets a company’s Facebook fans redeem vouchers for discounts. Today, Reuters has reported that Facebook will make merchants spend a minimum of $5 on related ads for the promotion of each offer to a targeted audience. The report stated that the cost would vary due to the size of a company’s Facebook pages.
Sprint Nextel (NYSE:S), which is the third largest cellphone provider in America, has had an ongoing struggleto retain subscribers over the past 5 years. In hopes of regaining profits and subscribers, the company is upgrading to a faster 4G nationwide network and looking for a boost when the iPhone 5 hits stores tomorrow. Sprint is the only network continuing its offer of unlimited data plans for iPhones, and JD Power and Associates recently ranked it first in customer satisfaction.
Piedmont Natural Gas Company Inc. (NYSE:PNY): Upon the completion of the Pipe Cut in 13.03 seconds, the 4 person team Mass Destruction from Piedmont Natural Gas (North Carolina) set a world record. However, the record did not last long since a mere thirty minutes later, Explosive Limit from Colorado Springs Utilities (Colorado) broke the record with a 12.89 second pipe cut. Additionally, Piedmont Natural Gas’ (North Carolina) team, Ignition Source, set a world record for the 2 person Hand Dig, at 18.45 seconds.
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