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HP (HPQ)
Hewlett Packard said late Wednesday its fiscal first-quarter profit was $2.3 billion, or 96 cents a share, on revenue of $31.2 billion. During the year-ago quarter, the computer and printing giant earned $1.9 billion, or 75 cents a share, on $28.8 billion in sales.
Earnings and sales topped analyst estimates.
Feb 18 · 9:52:00 AM · Source: Company Press Release
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by Larry Etter
Genzyme (GENZ)
Genzyme reported fourth-quarter GAAP net income was $23.2 million, or $0.09 per diluted share, compared with $86.7 million, or $0.31 per diluted share, in the same period in 2008. Non-GAAP net income was $83.5 million, compared with $118.2 million in the fourth quarter of 2008. Non-GAAP earnings were $0.31 per diluted share, compared with $0.42 per diluted share in the prior fourth quarter.
Non-GAAP earnings in 2010 are expected to increase to $2.80 – $3.20 per diluted share. GAAP earnings are expected to reach $1.90 – $2.27 per diluted share. Revenue is expected to reach $5.23 – $5.53 billion in 2010, compared with $4.52 billion in 2009.
Feb 18 · 9:45:00 AM · Source: Company Press Release
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by Rich Pike
Frontier Communications (FTR)
Frontier Communications Corporation announced today that its Board of
Directors has declared a regular quarterly cash dividend payment of $0.25 per share of common stock, payable on March 31, 2010 to holders of record of common stock at the close of business on March 9, 2010.
Feb 18 · 9:41:00 AM
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by Larry Etter
AT&T (T)
AT&T* and Motorola, Inc. today announced that the Motorola BACKFLIP ™ with MOTOBLUR™ will be available in AT&T stores nationwide and online at www.wireless.att.com beginning March 7. MOTOBLUR offers AT&T customers a new way to connect to their favorite people, content and applications.
This BACKFLIP will bring together social networking with an Android platform phone.
Feb 18 · 9:36:00 AM · Source: Company Press Release
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by Larry Etter
AT&T (T)
AT&T* and Motorola, Inc. today announced that the Motorola BACKFLIP ™ with MOTOBLUR™ will be available in AT&T stores nationwide and online at www.wireless.att.com beginning March 7. MOTOBLUR offers AT&T customers a new way to connect to their favorite people, content and applications.
This BACKFLIP will bring together social networking with an Android platform phone.
Feb 18 · 9:35:00 AM · Source: Company Press Release
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by Larry Etter
China Eastern Airlines (CEA)
China Eastern Airlines, (NYSE:CEA) and its joint venture partner, Pratt & Whitney, a United Technologies Corp. (NYSE:UTX) company,today opened an advanced, environmentally friendly CFM56® engine overhaul facility in the Qingpu district of Shanghai.
The Shanghai Engine Center has capacity to overhaul up to 300 engines annually. Within approximately three years, the center will service CFM56-3, 5B and 7 engines and employ 800 people. The building was designed and built to meet the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) Platinum standards.
At least three percent of the Shanghai Engine Center’s energy will be produced from on-site renewable sources including solar thermal, solar electric and wind power. Many energy-saving features and high performance features are included in the LEED design to provide even greater energy efficiency.
Feb 17 · 3:10:00 PM
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by Steve Wieczorek
Continental Airlines (CAL)
Continental Airlines (NYSE: CAL) and its wholly-owned subsidiary Continental Micronesia today submitted a joint application to the Department of Transportation to provide nonstop service from the carriers' hubs in New York/Newark and Guam to Tokyo's Haneda airport.
Continental and Continental Micronesia seek the route awards as part of a historic open skies agreement between the U.S. and Japan, which is anticipated to come into force later this year. The open skies agreement would provide the U.S. airline industry access to Haneda, with its close proximity to Tokyo's central business district, for the first time in over 30 years.
Both the New York and Guam hubs, two major gateways for passenger traffic to Tokyo, also provide convenient connecting opportunities for travel between Tokyo Haneda and numerous additional points.
Continental Airlines is the world's fifth largest airline.
Feb 17 · 2:52:00 PM · Source: Company Press Release
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by Steve Wieczorek
AMR (AMR)
American Airlines Applies to Fly From New York and Los Angeles to Tokyo (Haneda), the Busiest Airport in Asia. American Airlines, a founding member of the oneworld® Alliance, today filed an application with the U.S. Department of Transportation (DOT) to acquire two daily slot pairs to operate year-round scheduled service to Tokyo International Airport at Haneda (HND), starting Oct. 1, 2010. American proposes to fly to Haneda from New York's John F. Kennedy International Airport (JFK) and Los Angeles International Airport (LAX), the two largest markets between the U.S. mainland and Tokyo.
"We have long wanted to fly from New York and Los Angeles to Haneda, the closest airport to downtown Tokyo," said Will Ris, American's Senior Vice President – Government Affairs. "New York and Tokyo are two of the world's principal financial centers, and Los Angeles, the nation's second largest city, has substantial ties to Japan. The new service will strengthen our relationship with our oneworld partner, Japan Airlines (JAL), which has extensive operations at Haneda.
"American applauds DOT and the U.S. Department of State for successfully negotiating an Open Skies accord with Japan last December that clears the way for U.S. airlines to serve Haneda once the new agreement is signed," said Ris. "There has been no scheduled service between the U.S. and Haneda since Narita opened in 1978.
Feb 17 · 2:45:00 PM
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by Steve Wieczorek
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