Apple Inc. (NASDAQ:AAPL): After Sharp (SHCAY), and LG Display failed to meet Apple’s (NASDAQ:AAPL) quality requirements for the new IPad touch screen, Samsung (SSNLF) was chosen as the supplier, says Bloomberg , citing an analyst with an analyst with iSuppli. The shares closed at $568.10, up $16.1 or 2.92% on the day. They have traded in a 52-week range of $310.50 to $552.00.
Ada-Es (NASDAQ:ADES): The company said, “In 2011, we exceeded all of our expectations by designing/fabricating/installing and operating 26 new RC facilities to meet “placed-in-service” requirements. We are now moving forward on a number of parallel paths to achieve full-time operational status for each of these facilities. The complexity of this process is demonstrated by the fact that each facility represents a completely separate set of negotiations and contracts involving a number of different parties and plant specific details. In spite of the difficulty we are very comfortable that by the end of 2012, the operating RC facilities will be generating pre-tax income at a run rate of approximately $50M per year. Beyond 2012, there is the potential for additional upside as we get the remaining units up and running in 2013. By doing so, we could double the expected levels for RC revenues and cash flows by the end of 2013.” The shares closed at $25.88, up $1.33 or 5.42% on the day. They have traded in a 52-week range of $7.58 to $25.00.
BB&T Corp. (NYSE:BBT): BankAtlantic Bancorp (NYSE:BBX) has entered into an amendment to its November 1, 2011 agreement with BB&T Corporation (NYSE:BBT) pursuant to which BB&T would acquire BankAtlantic, the Company’s wholly-owned bank subsidiary. The core provisions of the original agreement remain unchanged. In connection with the transaction, BB&T will acquire approximately $2.1B in loans and approximately $3.3B in deposits based on September 30, 2011 balances. BB&T will pay an estimated premium of $301M to the closing net asset value of BankAtlantic. The premium, which equates to approximately 9% of total deposits at September 30, 2011, is subject to adjustment based on actual non-CD deposit balances at closing, but in no event will exceed $315.9M. Under the terms of the modified agreement, BB&T will assume BankAtlantic Bancorp’s obligations with respect to its approximately $285M of outstanding trust preferred securities. BankAtlantic Bancorp will pay all accrued interest on the trust preferred securities in connection with the closing. The shares closed at $30.40, up $1.09 or 3.72% on the day. They have traded in a 52-week range of $18.92 to $30.40.
Comcast Corp. (NASDAQ:CMCSA): Wal-Mart (NYSE:WMT) will charge $2-$4 to convert DVDs into Ultraviolet digital copies, reports StreamingMediaBlog.com. Walmart has partnered with Hollywood studios to offer a service with prices that will vary depending on the quality of picture. The shares closed at $30.04, up $0.43 or 1.45% on the day. They have traded in a 52-week range of $19.19 to $29.92.
Chevron Corp. (NYSE:CVX): Chevron Corporation is delivering strong financial results and progressing the projects that will drive the next significant growth phase, executives said today at the company’s annual security analyst meeting in New York. Financially, 2011 was a record year for Chevron. We generated the strongest earnings and cash flow in our company’s history, said John Watson, Chevron’s chairman and CEO. Watson added, Looking ahead, we are well positioned and committed to delivering consistently strong financial and operating performance. For 2012, we have a sharp focus on executing our major capital projects, which underpin 20 percent volume growth over the next six years.” The shares closed at $111.19, up $1.19 or 1.08% on the day. They have traded in a 52-week range of $86.68 to $110.99.
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