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Producer Price Index
Wholesale prices shot up at double the expected pace in January, propelled higher by big increases in energy costs. The Labor Department said Thursday that wholesale prices rose 1.4 percent last month, reflecting higher costs for gasoline and other energy products. Private economists had expected a 0.7 percent increase.
The surprisingly big increase was looked at as a temporary blip and not the start of inflation problems, analysts said.
Feb 18 · 10:09:00 AM · Source: AP
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by Larry Etter
IBM (IBM)
IBM today said its research labs have developed a new tool that will allow a user capture, reuse and share their web browsing history with friends and collegues.
The technology was developed in the company's West Coast lab and is now available on the IBM Research Labs Experimental Technology site that allows people to try, share and provide feedback on emerging technologies.
Feb 18 · 9:58:00 AM
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by Larry Etter
HP (HPQ)
HP today announced the expansion of its extensive retail publishing portfolio with new partners and solutions designed to help retailers profitably grow their in-store photo offerings and capitalize on the projected $73 billion retail photo opportunity.
HP keeps pushing into this part of the market.
Feb 18 · 9:53:00 AM
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by Rich Pike
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
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