Market News
IBM (IBM)
IBM has announced it is delivering business-grade collaboration and social software for use with the iPhone, iPod Touch or Macintosh computers.
This will give organizations use of IBM software for enterprise social networking; instant messaging; and securely encrypted email and collaborative applications with the iPhone and Mac.
Feb 12 · 12:32:00 PM
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by Larry Etter
Wells Fargo (WFC)
Wells Fargo Advisors Financial Network, LLC, through a relationship with FP Transitions, the nation’s leading provider of equity management valuation and succession planning services, announced the introduction of a new program that helps enable Wells Fargo Advisors Financial Network business owners to more precisely determine, build and monitor the value of their practice.
The Comprehensive Equity Management System is a comprehensive solution that will help business owners identify value of their advisory practice, plan for retirement and position their practice for continued growth.
Feb 12 · 12:20:00 PM · Source: Company Press Release
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by Larry Etter
Bank of New York Mellon (BK)
BNY Mellon and Bank of China, New York Branch have announced the launch of BOC-NYB's new Web-based remittance service. Allowing customers in the U.S. to remit funds to any of Bank of China's more than 100 global locations and thousands of locations in China, as well as to virtually all other banks in China, the service is based on the Remit Worldwide solution provided by BNY Mellon Treasury Services.
Feb 12 · 12:13:00 PM · Source: Company Press Release
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by Larry Etter
Citigroup (C)
Barclays Bank PLC announced it has agreed to acquire the Italian credit card business of Citibank International Bank PLC. Barclays will acquire 197,000 credit card accounts and gross assets of EUR234 million of which substantially all relate to receivables.
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Barclays plans to integrate business and its employees into its existing Barclays Italy business, part of global retail and commercial banking, Western Europe division. Over time, Barclays intends to rebrand acquired credit cards with global Barclaycard brand.
Feb 12 · 12:08:00 PM
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by Larry Etter
FedEx (FDX)
Jet Airways (India) Ltd, which runs India’s largest airline, is in initial discussions with FedEx Corp. for a dedicated cargo airline that it wishes to set up either as a joint venture or in alliance with the multinational logistics firm, according to the Global Supply Chain Network, as well as two executives of the airline familiar with the development, who did not want to be identified. Jet originally planned to launch an all cargo airline with Deutsche Lufthansa AG, however, the global economic turndown halted these plans. The Jet Airways executive, who declined to be identified, said FedEx was a logical choice as a partner
"India is largely untapped (as a cargo market). There is strong business for more players." said Ram C. Menen, Senior VP-Cargo, for Emirates SkyCargo, the cargo airline division of Emerites Airlines.
In November, FedEx Corp. announced the launch of FedEx India, a next-business-day domestic express service (for small parcels) for the Indian market. The launch followed similar ones by the company in China, Mexico and the UK.
Feb 12 · 11:24:00 AM
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by Steve Wieczorek
Nike (NKE)
NIKE announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per share on the company’s outstanding Class A and Class B Common Stock payable on April 1, 2010, to shareholders of record at the close of business on March 8, 2010.
NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.
Feb 12 · 7:32:00 AM · Source: Company Press Release
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by Rich Pike
Quest Diagnostics (DGX)
Quest Diagnostics today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on April 20, 2010, to shareholders of record of Quest Diagnostics common stock on April 6, 2010.
Quest Diagnostics is the world's leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics is a pioneer in developing innovative new diagnostic tests and advanced healthcare information technology solutions that help improve patient care.
Feb 12 · 7:22:00 AM · Source: Company Press Release
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by Rich Pike
Cephalon (CEPH)
Cephalon today reported 2009 net sales of $2.152 billion, an 11 percent increase compared to net sales of $1.943 billion for 2008. The company is introducing new guidance for 2010. Total sales guidance for 2010 is $2.610-$2.690 billion.
Cephalon has a growing presence in Europe, the Middle East and Africa. Cephalon currently employs approximately 3,000 people in the United States and Europe. U.S. sites include the company's headquarters in Frazer, Pennsylvania, and offices, laboratories or manufacturing facilities in West Chester, Pennsylvania, Salt Lake City, Utah, and suburban Minneapolis, Minnesota.
Feb 12 · 7:19:00 AM · Source: Company Press Release
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by Rich Pike
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