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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

Boeing (BA)

Boeing Slammed with Class Action Suit

The law firm of Izard Nobel LLP announced that a lawsuit seeking class action status has been filed in the United States District Court for the Northern District of Illinois on behalf of those who purchased the common stock of The Boeing Company between May 4, 2009 and June 22, 2009 (Class Period).
The Complaint charges that Boeing and certain of its officers and Directors violated the federal securities laws. Specifically, defendants made misleading statements in effort to: (i) forestall further cancellations of orders for the Dreamliner 787, Boeing's principal commercial airplane, particularly as the orders for its competition, Airbus A380, were gaining ground; (ii) conceal that the 787 had a structural problem in its design that would prevent the first flight of the 787 by June 30, 2009, and delivery in the first quarter of 2010; and (iii) enable Boeing to make a positive presentation concerning the test results for the 787 and the schedule for the first flight and delivery of the 787 at the Paris Airshow, scheduled for June 15-18, 2009, at which Boeing hoped to receive additional orders for the 787.

Nov 14 · 3:52:00 PM · Source: Reuters
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by Michael Oliveto

United Technologies (UTX)

United Technologies Corp. to Acquire GE Security

United Technologies Corp. (NYSE:UTX), today announced it has reached an agreement to purchase the GE Security business from GE (NYSE: GE) for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

Nov 12 · 2:31:00 PM · Source: Company News
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by Larry Etter

Tyco International, Ltd. (TYC)

Tyco Int'l Profit Down 53% But Tops Views

Tyco International Tuesday said its fiscal fourth quarter earnings were $205 million, or 43 cents a share, down from $434 million, or 91 cents, a year earlier. Excluding items such as restructuring charges, earnings from continuing operations fell to 61 cents from 81 cents. Revenue fell 16% to $4.4 billion and 12% on an organic basis, which usually excludes acquisitions, divestitures and currency exchange.
Results top Wall Street expectations.

Nov 10 · 10:41:00 AM · Source: Company News Release
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by Larry Etter

Fluor (FLR)

Flour Corp. Posts Lower Q3 Profits

Flour Corp. Monday said its third-quarter net profit fell to $162 million, or 89 cents per share, from $182 million, or $1.00 per share, in the same quarter a year before. Revenue fell 4 percent to $5.42 billion.
Analysts had expected 90 cents per share on revenue of $5.49 billion,

Nov 9 · 7:17:00 PM · Source: Company News
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by Larry Etter

Emerson Electric (EMR)

Emerson Electric Profits Down

Emerson Electric Company today said third quarter earnings of $506 million, or 67 cents a share, down from $688 million, or 88 cents a share, a year earlier. Revenue dropped 21% to $5.32 billion. Emerson also boosted its dividend by a half cent to 33.5 cents a share, or an increase of 1.5%
Company's CEO said latest quarter's results showed improving revenue trends but he warned the shape and speed of the recovery remains unknown and said the company expected weakness to continue in the near term.

Nov 3 · 10:08:00 AM · Source: Company News
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by Larry Etter

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