Month: June 2012

One of the biggest media companies in the world is taking on childhood obesity.Disney (NYSE:DIS) plans only permit advertisers that obey its set of strict nutritional standards to air commercials on its networks with children programming. A.k.a no junk food commercials.The company said the purge of the unhealthily commercials will be completed by 2015 on all its cable, radio, and website properties geared toward children. Foods advertised such as cereal will have to meet standards such as having fewer than 10 grams of sugar.However, the company noted that it may lose some revenue. According to the Federal Trade Commission, $2 billion is spent by food and beverage companies would advertise to younger consumers. And a big chunk of that cash will most likely involve you guessed it, junk.

A second advisory committee is looking over the City of Mobile’s finanicial problems.

Sherwin Williams (SHW) was downgraded today by Bank of America/Merrill Lynch (BAC) from neutral to underperform with a price target of $122, as the firm believes the current valuation is a bit rich. Shares are higher by about a tenth of a percent.

UnitedHealth Group Inc. (UNH) announced its quarterly dividend of 21.25 cents per share, an increase of about 30% over its prior dividend in March of 16.3 cents.

6-5-2012 In the past year, Apple (NASDAQ:AAPL) has been fighting in courts around the globe to ban other tablet computers to be sold in different countries. Recently, Apple has been trying to fight for a ban on the sales of the German Motorola Mobility Xoom tablet in Germany. The official ruling is not expected to be released until mid July, but news came out earlier that Apple may likely lose this time according to a Dusseldorf court.In September, Apple was able to win a ban on sales of the Samsung Galaxy tablet 10.1, which will probably be revoked as well. Apple is currently trading at $565.86 and is trading below its 50 day moving average.

Stocks reacting to Europe again this morning with a big rally at the open on news the European Central Bank is leaving rates unchanged. Investors possibly encouraged by comments from bank’s head, Mario Draghi that it’s ready to act as the region’s growth outlook gets worse.

In trading on Wednesday, general contractors & builders shares were relative leaders, up on the day by about 5.2%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 17.1% and shares of Pultegroup (PHM) up about 6.7% on the day.

The New York Daily News Reports that Kimora and hubby Djimon Hounsous marriage is on the rocks over finances

The City Council continues to try and solve Mobile’s 29 million dollar budget gap.

Auxilium Pharma (AUXL) today had its price target increased by Jefferies (JEF) to $30, as the current stock price presents a good buying opportunity based on the positive Peyronie’s data. A buy rating was issued.