www.Xtremepicks.com: www.Xtremepicks.Com: Xtremepicks.Com Alerts For Monday, July 6, 2009: SNY, VR, PEP, TCK, And PBCT
Wednesday, Jul 08,2009, 2:57:39 PM Click:
--- Sanofi-aventis (NYSE: SNY) opened Monday at $29.90 per share on trading volume of 587,159 shares.
In a press release out on July 6, 2009 -- Sanofi-aventis (EURONEXT: SAN and NYSE: SNY) announced today that the results of the long-term, 5-year study of Lantus(R) (insulin glargine [rDNA] injection) versus NPH insulin on progression of retinopathy in patients with type 2 diabetes, published on-line in Diabetologia (DOI 10.1007/s00125-009-1415-7) showed similar effects on retinopathy and overall safety in the two treatment groups. This is the longest controlled study ever reported using insulin glargine.
About Sanofi-aventis
Sanofi-aventis, a leading global pharmaceutical company, discovers, develops and distributes therapeutic solutions to improve the lives of everyone. Sanofi-aventis is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).
--- Validus Holdings, Ltd. (NYSE: VR) opened Monday at $22.15 per share on trading volume of 265,569 shares.
In a press release out on Jul 06, 2009 -- Validus Holdings, Ltd. ("Validus") (NYSE: VR) today reported that it recently confirmed to the Board of Directors of IPC Holdings, Ltd. ("IPC") (NASDAQ: IPCR) and its advisors that its offer for IPC is its best and final offer. The Validus offer consists of 1.1234 Validus common shares and $3.75 in cash for each IPC common share.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. ("Validus Re") and Talbot Holdings Ltd. ("Talbot"). Validus Re is a Bermuda based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183.
--- PepsiCo (NYSE: PEP) opened Monday at $56.27 per share on trading volume of 2,950,000 shares.
In a press release out on July 6, 2009 -- PepsiCo, one of the world's largest food and beverage companies, announced today that it plans to invest US$1 billion in Russia over three years, together with its partner The Pepsi Bottling Group (PBG).
About PepsiCo
PepsiCo is one of the world's largest food and beverage companies, with 2008 annual revenues of more than $43 billion. The company employs approximately 198,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. PepsiCo is listed on the Dow Jones Sustainability North America Index and the Dow Jones Sustainability World Index. For more information, please visit www.pepsico.com.
--- Teck Resources Limited (NYSE: TCK) opened Monday at $16.80 per share on trading volume of 3,840,000 shares.
In a press release out on Jul 6, 2009 -- Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") today announced the completion of statutory rail rate arbitration proceedings between a Teck subsidiary and Canadian Pacific Railway ("CP") in respect of rates for westbound coal shipments from Teck's five mines in southeast British Columbia to Westshore Terminals at Roberts Bank and Neptune Terminals in North Vancouver. The arbitration results will substantially reduce Teck's coal transportation costs.
About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Further information about Teck can be found atwww.teck.com.
--- People's United Financial, Inc. (Nasdaq: PBCT) opened Monday at $15.10 per share on trading volume of 1,310,000 shares.
In a press release out on Jul 6, 2009 -- People's United Financial, Inc. (Nasdaq: PBCT) announced today it will host a conference call on Friday, July 17, 2009, at 11:00 a.m. Eastern Time to discuss its second quarter 2009 earnings announcement. People's United Financial will release its second quarter financial results on Thursday, July 16, 2009 at approximately 4:00 p.m. Eastern Time.
About People's United Financial, Inc.
People's United Financial, Inc., a diversified financial services company with $20 billion in assets, provides consumer and commercial banking services through its subsidiary, People's United Bank, with approximately 300 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and New York. Through additional subsidiaries, People's United Financial provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.
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