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GE (GE)

GE Profit Tops Analysts' Estimates

General Electric's quarterly earnings topped Wall Street expectations, as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment.

The largest U.S. conglomerate said Friday that fourth-quarter profit attributable to common shareholders fell 19 percent to $2.94 billion, or 28 cents per share, from $3.65 billion, or 35 cents per share, a year earlier.
Chief Executive Jeff Immelt said the company's 2010 financial "framework," which calls for 2010 earnings to be about equal to 2009 results, "quite achievable."

Jan 22 · 7:23:00 AM · Source: CNBC.com
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by Rich Pike

FedEx (FDX)

FedEx Q2 Earnings Drop

Federal Express said Thursday that its fiscal second quarter net profits totalled $345 million, or $1.10 a share, down from $493 million, or $1.58 a share, earned in the year-ago second quarter. Quarterly revenue fell 10% to $8.6 billion.
Fedex did say it expects stronger demand in the second half of the fiscal year.

Dec 17 · 10:54:00 AM · Source: Company News Release
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by Larry Etter

Boeing (BA)

Boeing 787 To Take First Flight

Reuters reported that Boeing Co. is set to make the first test flight of its 787 Dreamliner on Tuesday, almost two and a half years after the new, fuel-efficient plane, which is key to the company's financial future, was supposed to fly. The lightweight carbon and titanium plane, promising to save airlines million of dollars in fuel and maintenance costs, has been hampered by a shortage of bolts, faulty design and a two-month strike.

Dec 15 · 11:52:00 AM · Source: Reuters
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by Larry Etter

GE (GE)

US Probing More Cases Of CT Radiation Overexposure

US officials said they were probing more cases of patients who may have been exposed to excess radiation from CT brain scans involving equipment from GE and Toshiba Machine Co., Ltd.
Food and Drug Administration officials have not determined if there was a problem with the machines themselves or with how they were used said, Dr. Jeffrey Shuren, acting director of the FDA's device center.

Dec 8 · 3:11:00 PM · Source: Reuters
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by Michael Oliveto

FedEx (FDX)

Fed Ex Raises 2010 Q2 Guidance

FedEx announced that it expects to report earnings of $1.10 per diluted share for the second quarter of 2010.
The Company's previous guidance for the quarter was $0.65-$0.95 per diluted share.

Dec 8 · 2:48:00 PM · Source: Reuters
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by Michael Oliveto

GE (GE)

GE, Comcast Ink NBC Deal

The $30 billion deal that switches control of NBC Universal from General Electric to Comcast brings value to allow everyone involved to focus more sharply on their core businesses, leaders of the two companies said Thursday. Comcast, the largest cable TV operator in the US, will end up controlling 51 percent of the newly-formed company while GE will own 49 percent. Jeff Zucker, current president and CEO of NBCU, will be CEO of the new joint venture.

Dec 3 · 12:22:00 PM · Source: CNBC.com
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by Rich Pike

Deere & Company (DE)

Deere Posts Q4 Loss, But Profitable Year

Deere & Co. said Wednesday that it had a fiscal fourth-quarter net loss of $222.8 million, or 53 cents a share, compared with profit of $345 million, or 81 cents, a year earlier. Sales fell 28 percent to $5.33 billion in the quarter ended Oct. 31. The net loss included a $321.8 million charge related to a decline in the value of the landscape supply business and to give the voluntary separation packages. Excluding those items, profit was 23 cents a share.
Company reported full-year earnings of $873 million and said its financial condition remains strong.

Nov 25 · 12:28:00 PM · Source: Company News Release
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by Larry Etter

US Airways (LCC)

US Airways Details Liquidity Improvement Program

US Airways said Tuesday it has completed a series of transactions with key business partners designed to improve its near-term and future liquidity. The Company will significantly reduce capital expenditures over the next three years, eliminate the need to access aircraft finance markets in 2010 and extend certain debt maturities. These transactions improve projected year-end 2009 liquidity by approximately $150 million and generate, in aggregate, approximately $450 million of projected liquidity improvements by the end of 2010.
The plans include deferral of 54 aircraft deliveries until at least 2013.

Nov 24 · 12:22:00 PM · Source: Company News Release
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by Larry Etter

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