By MarketNewsVideo This morning, Goldman Sachs downgraded shares of Nasdaq OMX Group (NDAQ) from neutral to sell as the shift to lower margin products will impact earnings. With the downgrade, Goldman set a $28 price target. Shares of NDAQ were down about 2.3%. …read more
Source: FULL ARTICLE at Forbes Markets
By Business Wirevia The Motley Fool
Filed under: Investing
Fuel Tech Awarded Air Pollution Control Orders Totaling $4.3M
WARRENVILLE, Ill.–(BUSINESS WIRE)– Fuel Tech, Inc. (NAS: FTEK) , a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced receipt of air pollution control (APC) orders totaling $4.3 million.
The largest of these orders is from a Midwest utility for a nitrogen oxide (NOx) reduction project on a coal-fired boiler. This project will utilize Fuel Tech‘s HERT™ High Energy Reagent Technology™ and NOxOUT® Selective Non-Catalytic Reduction (SNCR) injection technologies. Equipment deliveries are scheduled for the fourth quarter of 2013. Several other orders from various customers were received including preliminary engineering for an ASCR™ Advanced Selective Catalytic Reduction system, Computational Fluid Dynamics (CFD) modeling services, and an SNCR demonstration project for a domestic industrial customer.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to receive the order for the domestic project to utilize our well-proven SNCR technology. The vacature of the Cross-State Air Pollution Rule has created an environment where an increasing level of consent decree activity is being forecasted by industry experts, some of which may require sources to further reduce NOx emissions.”
About Fuel Tech
Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.
The Company’s nitrogen oxide (NOx) reduction technologies include advanced combustion modification techniques – such as Low NOx Burners and Over-Fire Air systems – and post-combustion NOx control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate ASCR™ (Advanced Selective Catalytic Reduction), NOxOUT CASCADE®, ULTRA™ and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in NOx reduction, with installations on over 700 units worldwide, where coal, fuel oil, natural gas, municipal waste, biomass and other fuels are utilized.
The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and operational issues associated with sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. The Company has experience with this …read more
Source: FULL ARTICLE at DailyFinance
By MarketNewsVideo Anadarko Petroleum (APC) had its price target increased by Credit Suisse (CS) due to increasing net asset value. An outperform rating was issued with a price target of $109. …read more
Source: FULL ARTICLE at Forbes Markets
Filed under: Investing
The Office of the Comptroller of the Currency lowers its rating of J.P. Morgan Chase & Co. (NYSE: JPM) management. (Reuters)
Fannie Mae and Freddie Mac expect to pay back taxpayer money sooner than expected. (Reuters)
Microsoft Corp. (NASDAQ: MSFT) says it supports a government review of potential bribery charges. (Reuters)
Yahoo! Inc. (NASDAQ: YHOO) may buy a controlling position in video site Dailymotion. (Reuters)
Walgreen Co. (NYSE: WAG), Alliance Boots and AmerisourceBergen Corp. (NYSE: ABC) set a marriage that could affect distribution of medicines around the world. (WSJ)
Volkswagen will recall 384,181 vehicles in China. (WSJ)
American Airlines and U.S. Airways Group Inc. (NYSE: LCC) defend their plan for a merger before the Senate Judiciary Committee. (WSJ)
The HTC One will be delayed because of parts supplies, a blow to the troubled smartphone firm. (WSJ)
Cyprus and the European Union embark on plans to salvage its bailout after a deposit tax failed to get parliament support. (WSJ)
EBay Inc. (NASDAQ: EBAY) will make its seller fees simpler in an effort to compete with Amazon.com Inc. (NASDAQ: AMZN). (WSJ)
Anadarko Petroleum Corp. (NYSE: APC) finds what it claims is a huge oil field in the Gulf of Mexico. (FT)
Filed under: 24/7 Wall St. Wire, Press Digest Tagged: ABC, AMZN, APC, EBAY, JPM, LCC, MSFT, WAG, YHOO
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By Business Wirevia The Motley Fool
Filed under: Investing
Fuel Tech Reports 2012 Fourth Quarter and Annual Financial Results
WARRENVILLE, Ill.–(BUSINESS WIRE)– Fuel Tech, Inc. (NAS: FTEK) , a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today reported unaudited results for the three- and 12-month periods ended December 31, 2012.
Douglas G. Bailey, Chairman, President, and Chief Executive Officer, commented, “2012 was one of the more successful years in Fuel Tech‘s history, highlighted by record revenues, record bookings and year-end backlog, and expansion into new territories. We ended the year with cash, cash equivalents, and marketable securities of $24.5 million, or $1.07 per diluted share, no short-term or long-term debt, and cash flow from operations of $8.7 million. Our strong financial position allowed us to return $7.9 million to our investors through our 2012 share repurchase plan and we invested $2.9 million in new product development.”
He continued, “Our Air Pollution Control (APC) segment was particularly strong in 2012, recording contract wins of $72.8 million, with much of this growth driven by our international markets. Our China-Pacific Rim business delivered solid year-over-year gains and, combined with APC‘s historic $36.6 million combustion project in Chile, helped produce 2012 fourth quarter and full-year foreign revenue growth of 121% and 55%, respectively, over the comparable prior year periods. We believe that our success in gaining a foothold in new markets favors further APC growth. We are committed to further expanding our international presence as a means of both mitigating the impact of a dynamic domestic regulatory environment and addressing the expanding global need for emissions control solutions.
“Our FUEL CHEM® business segment continues to face the challenges of low natural gas prices and reduced electricity demand. Despite lower revenues, FUEL CHEM substantially maintained its margins, which we view as a testament to the quality of our product solutions. Although we believe the macro issues facing this segment will resolve, we cannot predict when this will occur. We are continuing to pursue our pipeline of new customer, end market, and product opportunities.”
Fourth Quarter 2012
Revenues for the fourth quarter 2012 totaled $26.6 million, a 5% decrease from $28.0 million in last year’s fourth quarter. Higher APC revenues were offset by revenue declines at the FUEL CHEM segment.
By MarketNewsVideo Anadarko Petroleum Corporation (APC) maintained its quarterly dividend of 9 cents per share. The dividend is payable March 27, 2013 to stockholders of record at the close of business on March 13, 2013. …read more
Source: FULL ARTICLE at Forbes Markets
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Energy Select Sector SPDR Fund (AMEX: XLE) where we have detected an approximate $27.4 million dollar outflow — that’s a 0.4% decrease week over week (from 97,374,200 to 97,024,200). Among the largest underlying components of XLE, in trading today Anadarko Petroleum Corp (NYSE: APC) is down about 0.2%, EOG Resources, Inc. (NYSE: EOG) is up about 0.7%, and Apache Corp. (NYSE: APA) is lower by about 0.2%. For a complete list of holdings, visit the XLE Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
By DividendChannel.com In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Danaher Corp. (NYSE: DHR) has taken over the #17 spot from Anadarko Petroleum Corp (NYSE: APC), according to ETF Channel. Below is a chart of Danaher Corp. versus Anadarko Petroleum Corp plotting their respective rank within the S&P 500 over time (DHR plotted in blue; APC plotted in green):
Source: FULL ARTICLE at Forbes Markets
LinuxBSDos: The first incarnation of the APC was just a basic motherboard targeted mainly at developers, but the APC Paper, the more expensive of the two, brings something slightly different to the table.
Source: FULL ARTICLE at Linux Today
Italian energy giant Eni SpA (ENI) has agreed with Anadarko Petroleum Corp. (APC) to coordinate on the development of common natural gas reservoirs offshore Mozambique.
Source: Fox Business Headlines
