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Qwest Communications (Q)
Qwest Communications (NYSE: Q) today announced its board of directors declared a quarterly dividend of $0.08 per share. The quarterly dividend is payable on Dec. 11, 2009, to all stockholders of record at the close of business on Nov. 20, 2009.
Oct 15 · 9:43:00 AM · Source: Business Wire
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by Larry Etter
Safeway (SWY)
Safeway Inc. today reported net income of $128.8 million ($0.31 per diluted share) for the third quarter of 2009 compared to net income of $199.7 million ($0.46 per diluted share) for the third quarter of 2008.
Safeway's CEO said sales remained soft, driven largely by deflation in dairy, produce and meat, and a sluggish economy, but company is encouraged encouraged that its household and transaction counts increased in the quarter, and that volume trends continue to improve.
Oct 15 · 9:41:00 AM · Source: Business Wire
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by Larry Etter
Gannett (GCI)
Gannett (NYSE:GCI) announced that Chairman, President and Chief Executive Officer Craig Dubow returned today from his temporary medical leave of absence following back surgery June 15, 2009
Oct 15 · 9:37:00 AM · Source: Business Wire
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by Larry Etter
Aspect Medical Systems Inc. (ASPM)
A law firm has launched an investigation on the behalf of investors of Aspect Medical Systems, Inc. into the Board approved takeover price during the sale of the company to Covidian.
The investigation is looking into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Aspect. The law firm’s investigation states, “the transaction appears to be unfair” to current investors of Aspect Medical Systems, Inc. because the “offer to purchase Aspect Medical Systems, Inc. at $12 per share appears opportunistically timed to take advantage of the current economic downturn”.
Oct 14 · 3:34:00 PM · Source: PR-USA.net · Related: Covidien Ltd.
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by Michael Oliveto
Costco (COST)
Costco announced a 3% decrease in net sales over its fiscal Q4 which ended August 30. Sales over the period dropped from $22.63 billion to $21.89 billion. Net sales over the fiscal year 2009 dropped 2% from $70.98 billion to $69.89 billion. Net income during Q4 was $374 million, compared with $398 million in the year ago period. Net income for fiscal year 2009 was $1.09 billion, compared with $1.28 billion in fiscal year 2008.
The company cites the recession and foreign exchange rates as key contributors to the operating results.
Oct 14 · 3:19:00 PM · Source: Drug Store News
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by Michael Oliveto
ConocoPhillips (COP)
ConocoPhillips announced that it will sell non-strategic assets in which it is not the operator or has a minority interest. This is part of a recently announced restructuring plan.
A UBS-prepared note says that ConocoPhilips has identified $20 billion in assets that will allow them to achieve its $10 billion divestiture target.
Oct 14 · 3:05:00 PM · Source: The Wall Street Journal
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by Michael Oliveto
Diageo plc (DEO)
The world's largest spirits maker, Diageo PLC, disappointed the market Wednesday, announcing that sales fell 6 percent in its most recent quarter.
The British maker of Smirnoff vodka, Captain Morgan rum and Guinness beer reported the sales decline for its July-September first quarter, compared to analyst forecasts for an average 2.3 percent fall in sales in a Reuters poll of six brokers.
Oct 14 · 3:02:00 PM · Source: Reuters
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by Larry Etter
Coca-Cola (KO)
Coca-Cola today announced a new can design and size for its classic Coke product.
The new can is shorter and slimmer in size and contains 7.5 ounces and 90 calories of the beverage and will be available in 8-packs. The new announcement comes on the heels of the company’s partnership with the Healthy Weight
Commitment Foundation, which advocates a common-sense approach to helping
reduce obesity by 2015.
Oct 14 · 2:50:00 PM · Source: Reuters
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by Michael Oliveto
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