DrStockPick.com Stock Report! 8/04/09, HIL, MAC, CBST, ICUI, YRCW, RCRC

DrStockPick.com Stock Report!

Tuesday August 4, 2009

Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the U.S. General Services Administration to provide construction management services during the modernization of the Thomas S. Foley U.S. Courthouse in Spokane, Washington. The five-year contract has an estimated value to Hill of approximately $2.0 million.

The Macerich Company (NYSE: MAC) today announced results of operations for the quarter ended June 30, 2009 which included total funds from operations (”FFO”) diluted of $59.9 million or $.67 per diluted share compared to $1.12 per diluted share for the quarter ended June 30, 2008. For the six months ended June 30, 2009, FFO-diluted was $162.8 million compared to $192.1 million for the six months ended June 30, 2008. Net loss available to common stockholders for the quarter ended June 30, 2009 was $21.7 million or $.29 per diluted share compared to net income available to common stockholders of $15.7 million or $.21 per diluted share for the quarter ended June 30, 2008. For the six months ended June 30, 2009, net loss available to common stockholders was $7.7 million or $.11 per diluted share compared to net income available to common stockholders of $108.3 million or $1.47 per diluted share for the six months ended June 30, 2008. Negatively impacting both FFO per diluted share and EPS by $.31 per share during the quarter ended June 30, 2009 was a $27 million impairment charge on non core assets. The Company’s definition of FFO is in accordance with the definition provided by the National Association of Real Estate Investment Trusts (”NAREIT”). A re! concilia tion of net income to FFO and net income per common share-diluted (”EPS”) to FFO per share-diluted is included in the financial tables accompanying this press release.

Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) today announced that Robert Perez, EVP and COO, will present on Wednesday, August 12, 2009 at 11:30 a.m. Eastern Time at the Canaccord Adams 29th Annual Global Growth Conference at the InterContinental Hotel in Boston, Mass. This presentation will include discussion of the company’s business activities, financial outlook, and current news.

ICU Medical, Inc. (Nasdaq:ICUI) and privately-held Medegen, Inc. announced today that the companies have reached an agreement to end litigation in the Central District of California alleging infringement of a patent owned by Medegen. ICU Medical and Medegen are pleased to shift their focus from the litigation to their business relationship.

YRC Worldwide Inc. (Nasdaq: YRCW), announced today that New Penn, one of its regional operating companies, will introduce a new and improved suite of guaranteed service offerings featuring superior reliability and value. All guaranteed service shipments are backed by the New Penn no-hassle guarantee to be complete and on-time or the invoice will automatically be reduced to zero dollars with no need for the customer to file a claim.

RC2 Corporation (NASDAQ:RCRC) announced today that it has completed its previously announced public offering of common stock at a price of $15.00 per share to the public. RC2 Corporation also announced that the underwriters in the offering have exercised their option to purchase additional shares to cover over-allotments in full, resulting in a total sale to the public of 4,025,000 shares of common stock.

Source: E-Gate ! System f rom Alphatrade.com

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