Daily Archives: January 3, 2012

Pioneer drilling buys Go-Coil for $110 mln

January 3, 2012
Pioneer Drilling Co. PDC has acquired a privately held provider of coiled tubing services for roughly $110 million in cash, a purchase the company said it expects to add to earnings this year. The purchase of Go-Coil LLC, whose services are aimed at oil and gas exploration and production companies, helps boost Pioneer's offerings in its production services division, noted Chief Executive Wm.

Bentley plans to expand product range

January 3, 2012
--Bentley plans to enter SUV segment with ultra-luxury vehicle --Bentley to add new versions of Continental model --Bentley returned to profit 2011 and expects further growth 2012 (Adds comments from telephone conference throughout) FRANKFURT -(MarketWatch)- Volkswagen AG's (VOW.XE, VLKAY) Bentley brand plans to go ahead with a high-end sports utility vehicle that would cost more than $140,000 as well as new versions of its Continental model to meet strong demand for ultra-luxury cars.

Pioneer pays $110M for tubing-services provider

January 3, 2012
Pioneer Drilling Co. PDC has acquired a privately held provider of coiled tubing services for roughly $110 million in cash, a purchase the company said it expects to add to earnings this year. The purchase of Go-Coil LLC, whose services are aimed at oil and gas exploration and production companies, helps boost Pioneer's offerings in its production services division, noted Chief Executive Wm.

Radware Announces Fourth Quarter 2011 Earnings Conference Call

January 3, 2012
TEL AVIV, Israel, January 3, 2012 /PRNewswire/ -- Radware (NASDAQ: RDWR), a leading provider of application delivery and application security solutions for virtual and cloud data centers, today announced that it has organized its Earnings call to present its fourth quarter 2011 financial...

Vw’s Bentley swung to ’11 profit; sees growth

January 3, 2012
FRANKFURT (MarketWatch) -- Volkswagen AG's (VOW.XE, VLKAY) British ultra-luxury brand Bentley said Tuesday it swung back to a profit in 2011, helped by a 37% rise in global car sales to 7,003 vehicles, and added that sales growth is expected to "continue unabated" during 2012 despite economic uncertainties.

Mark Hulbert: January has a surprise in store

January 3, 2012
Most casual followers of the Presidential Election Year Cycle expect 2012 to be a strong one for the stock market. And, given January’s reputation as a particularly strong one for equities, they expect the market to be firing on all cylinders this coming month. History does not provide support for their hopes.

Paul B. Farrell: Lazy Portfolios lose to Senators’ hedge fund

January 3, 2012
Our Lazy Portfolios can’t beat the market by 12% annually, like the perennial bull run of the U.S. Senators Insider Trading Hedge Fund. But on a long-term buy-and-hold basis, for five years and for 10 years, the Lazy Portfolios are in fact beating the S&P benchmark by two or three percentage points.