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AMR (AMR)
AMR's (NYSE:AMR) American Airlines and British Airways PLC (NYSE:BAY) received tentative approval on Saturday from the United States Department of Transportation to grant antitrust immunity. Reuters reported if the decision is made final, American Airlines and its oneworld alliance partners would be able to more closely coordinate international operations in transatlantic markets. In addition, the airlines would have to give up four daily pairs of slots at London's congested Heathrow airport.
The two airlines have sought immunity to expand their pact on three occasions since 1998 and welcomed Saturday's decision.
AMR said this would benifit all of its oneworld partners and provide greater efficiency.
Feb 15 · 3:01:00 PM
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by Steve Wieczorek
Vulcan Materials (VMC)
Vulcan Materials declared a regular quarterly dividend in the amount of $.25 per share payable March 10, 2010 to shareholders of record on February 26, 2010.
At today''s $42.94 stock price the dividend yield is 2.33%.
Feb 12 · 11:16:00 PM
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by Michael Oliveto
Union Pacific (UNP)
Union Pacific Corp. plans to invest $29 million to improve its rail line between Spring and Houston’s Washington Avenue Corridor.
Omaha, Neb.-based Union Pacific said it plans to spend about $2.5 billion in 2010 on enhancements to the railroad’s 32,000-mile network across America.
Feb 12 · 11:14:00 PM · Source: MSN Money
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by Michael Oliveto
Sempra Energy (SRE)
Sempra Energy declared a regular quarterly dividend in the amount of $.39 per share payable April 15, 2010 to shareholders of record on March 18, 2010.
At today''s $49.48 stock price the dividend yield is 3.15%.
Feb 12 · 11:12:00 PM
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by Michael Oliveto
Smith International (SII)
Smith International announced today that it has agreed to acquire @Balance, B.V. from Shell Technology Ventures Fund 1 B.V. At Balance, winner of Hart’s 2008 Special Meritorious Award for Engineering Innovation, provides managed pressure drilling (“MPD”) services using its patented technology.
Smith acquired a minority interest in At Balance in late 2007 and increased its stake to 35% during 2009. While the transaction is subject to completion of a final agreement, the Company anticipates concluding the acquisition of the remaining 65% interest during the first quarter of this year. No financial terms were disclosed.
Feb 12 · 11:10:00 PM · Source: Company Press Release
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by Michael Oliveto
Republic Services (RSG)
Republic Services declared a regular quarterly dividend in the amount of $.19 per share payable April 15, 2010 to shareholders of record on April 1, 2010.
At today''s $26.03 stock price the dividend yield is 2.92%.
Feb 12 · 11:05:00 PM
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by Michael Oliveto
Republic Services (RSG)
Republic Services reported for the full year 2009 earnings of $495 million, or $1.30 per share, on sales of $8.199 billion. That compares to the prior year earnings of $73 million, or $.38 per share, on sales of $3.685 billion.
"We are pleased to report that we have exceeded our original 2009 guidance for
earnings, free cash flow and margins," said James E. O'Connor, Chairman and
Chief Executive Officer of Republic Services, Inc. "We achieved annual run
rate synergy savings of $150 million, well ahead of our plan. During 2009,
we repaid $740 million of our debt. We also took advantage of the favorable
interest rate environment by issuing $1.25 billion of new debt and using the
proceeds to repay existing debt. Our strong operational and financial
performance during 2009 has left us well positioned for future success, as
evidenced by our double digit 2010 earnings growth guidance."
Feb 12 · 11:02:00 PM · Source: Reuters
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by Michael Oliveto
R.R. Donnelley & Sons (RRD)
R.R. Donnelley & Sons announced the introduction of its iCOMPLi iPhone mobile application. iCOMPLi is part of RR Donnelley's suite of mobile applications developed for broker/dealers, financial advisors and mutual fund and variable annuity companies. Designed to help financial services providers comply with SEC regulations, iCOMPLi enhances RR Donnelley's proprietary RightProspectus(R) document repository to offer a convenient way to distribute and track the delivery and receipt of printed and e-mail versions of investor communications, including summary and statutory prospectuses and Statements of Additional Information (SAIs).
The iCOMPLi iPhone mobile application allows access to the RightProspectus document repository, which contains more than 23,000 share class documents. Using the resident e-mail application, a link can be sent from the repository to the client, with all aspects of the communication tracked for reporting and auditing. The RightProspectus document repository platform's e-delivery capabilities provide a value-added, closed-loop pre-sales process to assist with client follow up, potentially leading to increased revenue. The platform offers significant cost saving opportunities and enables RR Donnelley to serve the entire life cycle of prospectus delivery.
Feb 12 · 10:57:00 PM · Source: Company Press Release
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by Michael Oliveto
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