Goodrich Corporation (GR) has signed an agreement to acquire AIS Global Holdings LLC for approximately $375 million. AIS Global also known as Atlantic Inertial Systems is a leading provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market. The transaction is expected to close by the end of 2009, subject to customary government approvals.  Goodrich expects the company to be accretive to earnings in fiscal 2010. The acquired company mainly caters to defense prime contractors as well as U.S. and allied military forces around the world. Primary products include inertial sensors, inertial measurement units (IMUs), integrated systems, stability systems and terrain avoidance systems for missiles, military aircraft and land systems.  AIS will become part of Goodrich's Sensors and Integrated Systems business within its Electronic Systems segment. The acquisition will boost the Electronic Systems segment, where operating income fell 11% due ...

Perhaps one of the most overlooked electric car companies is EV Innovations, Inc. With offices in North Carolina and Las Vegas, EV has begun to develop a global presence within the ever-growing Green Technology World which is vastly becoming a new trend in the 21st Century. In an attempt to take the next step in the marketplace, EV has developed the conversion of a 12,000 GVWR cab and Chasis truck to all electric lithium-ion.

This fully electric truck can be used not only for everyday purposes, such as deliveries, load hauling and flat bed towing, but it has been designed to be economical and green friendly. With an estimated 50,000 mile drive train service interval, the low cost of operation and maintenance put this category in a class by itself and should prove beneficial to everyday drivers and environmentalists.

Currently, EV Innovations is trading in

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Labor Department statistics released today showed a marked decline in initial jobless claims, extending a run of such declines.

Initial claims are an important barometer for layoffs and hiring. A 12K decline to 502,000 from the previous week, and a drop in the 4-week average to 519,750, is a strong indicator of improvement. The 4-week average is down 20% since the highpoint earlier this year, and initial claims look like those from the beginning of this year. Despite these facts, we are still well above the accepted 450,000 benchmark, which represents the point at which the labor market is theoretically adding jobs.

Continuing claims (which trail initial claims by a week) fell 2.4% to 5.6M, also beating out the expectations of market analysts. Congress has created the largest extension program to date for jobless claims, adding a total of 73 additional weeks to the base 26 weeks of benefits,

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Continucare Corp. yesterday reported its first quarter fiscal year 2010 financial results. The company reported a 113% increase in net income and continued strength in the business with higher quarter-ending cash and working capital balances.

Richard C. Pfenniger, Jr., Continucare’s Chairman and Chief Executive Officer commented, “We are extremely pleased with our first quarter results,” “Record revenues, improved utilization outcomes and operating efficiencies resulted in a 113% increase in net income. Also, during the quarter we added an important new dimension to our business with the launch of Seredor Corporation and the acquisition of our first sleep diagnostic centers.”

First Quarter Highlights Include:

Revenues increased 17% compared to $65.1 million for the same period last year, with total revenue of $76.0 million Income from operations increased 116% to $8.6 million, compared to $4.0 million for the same period last year Launch of Seredor Corporation, a new sleep diagnostic center subsidiary to

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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

Daktronics Inc. (Nasdaq:DAKT), the world’s leading digital billboard manufacturer, today revealed its 6th generation digital billboard product: the Valo(R) 3000 Series. Highlighted by its substantial

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United Therapeutics Corporation (UTHR) reported a net income of 21 cents per share in the third quarter, well below the Zacks Consensus Estimate of 31 cents. The company reported earnings of 22 cents in the year-ago period. Even though revenues increased 29.6% to $97.2 million in the reported quarter, higher operating expenses led to the lower than expected net income.  The increase in revenues was primarily due to the continued increase in the number of patients being prescribed Remodulin and the recent launches of new products, Tyvaso and Adcirca. Net product sales, consisting of Remodulin, Tyvaso and Adcirca sales, increased 30.4% to $94.1 million. The company derives the majority of its product revenues from Remodulin, which posted sales of $87.4 million, up 21.3%.  Meanwhile, newly launched products, Tyvaso and Adcirca, contributed $5.1 million and $1.5 million, respectively, to total revenues. Both products should start contributing significantly ...

Duke Energy Corporation (DUK) reported its third quarter 2009 earnings of 40 cents per share, compared to the Zacks Consensus Estimate of 38 cents and the year-earlier earnings of 33 cents. Before adjusting for one-time items, the earnings were 8 cents versus year-earlier earnings of 17 cents. While the company’s results came in above expectations driven by better cost control and operational excellence, a weak economy sapped the demand for electricity and caused lower electricity sales. The U.S. Franchised Electric and Gas (USFE&G) segment posted third-quarter earnings before interest and tax (EBIT) of $716 million, down more than 1% year over year. This fall in earnings was due to unfavorable weather throughout the service territory, partially offset by reduced operating and maintenance costs. EBIT for the Commercial Power segment was a loss of $234 million, compared to a loss of $108 million in the third ...

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East.

ANADIGICS, Inc. (NASDAQ: ANAD) today launched a new family of 1GHz hybrid line amplifiers that leverage the Company’s high performance CATV amplifier technology and manufacturing experience to provide exceptional linearity and distortion

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Sonic Automotive (SAH) has reported a profit of 21 cents per share (excluding special items) for the third quarter of the year compared to 15 cents per share in the year-ago period. The profit was attributed to increased customer traffic due to the U.S. Government’s "Cash for Clunkers" cash incentive fuel-efficient vehicle exchange program and the continued execution of the company’s e-commerce strategies. The earnings were almost at par with the Zacks Consensus Estimate of 22 cents per share. Total revenue for the quarter slipped 6% to $1.5 billion. Of this, revenue from vehicle trade declined 7% to $1.2 billion. Meanwhile, revenue from parts, service and collision repair remained flat at $255 million and from finance, insurance and other services decreased 5% to $41 million. New Vehicle Retail Revenue from new vehicles retail (including fleet vehicles) fell 12% to $825 million. New vehicle retail units ...

Altria Group (MO) reported strong third-quarter results, with earnings of 48 cents per share. Earnings were 2 cents above the Zacks Consensus Estimate and up 4.3% year-over-year. Profits were primarily driven by the company’s cost savings efforts and growth in the cigar unit. Net revenues increased 20.3% year-over-year to $6.3 billion, primarily driven by cigar segment results that increased 56.1%. The cigarette segment revenues increased only 10.7% for the quarter, as it was impacted by higher pricing related to the Apr 1, 2009, federal excise tax (FET) increase. Altria’s smokeless products segment posted revenues of $352 million. Altria had acquired UST and its smokeless tobacco business, USSTC, on Jan 6, 2009. (As a result, financial results are from Jan 6 through Sep 30, 2009). Total industry cigarette shipments declined approximately 10%, as expected, while cigarette shipments for the company declined 16.4% after adjustments in trade inventories. ...