Market News
Imation Corporation (IMN)
Memorex, a portfolio brand of Imation Corp. (NYSE: IMN), Thursday announced the release of the Memorex MyVideo™ and MyVideo HD camcorders—stylish pocket camcorders designed to capture life’s impromptu moments.
Oct 15 · 1:37:00 PM · Source: Business Wire
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by Larry Etter
Interpublic Group Of Companies (IPG)
Interpublic Group (NYSE: IPG) announced today that it will be aligning its Deutsch agency with Lowe Worldwide. Deutsch will become the North American hub of the Lowe & Partners global network, assuming management oversight of Lowe operations in North America, including Lowe New York, Lowe Roche Toronto and Lowe Healthcare.
Oct 15 · 1:33:00 PM · Source: Business Wire
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by Larry Etter
Whitman Corporation (PAS)
PepsiAmericas, Inc. (NYSE: PAS) today announced that its Board of Directors declared a fourth quarter 2009 dividend of $0.14 per share. The dividend is payable January 4, 2010 to shareholders of record on December 15, 2009.
Oct 15 · 1:28:00 PM
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by Larry Etter
Lawson Software Inc. (LWSN)
Lawson Software (Nasdaq: LWSN) announced today that its stockholders approved all proposals voted at its 2009 Annual Meeting of Stockholders held today at the company's headquarters in St. Paul, Minn. Voting results for two proposals were as follows: All nine directors standing for election were approved to serve during the fiscal year ending May 31, 2010; stockholders voted to ratify and approve the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the company for the fiscal year ending May 31, 2010.
Oct 15 · 12:23:00 PM · Source: Business Wire
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by Larry Etter
Caterpillar (CAT)
Caterpillar declared a quarterly dividend of $0.42 per share.
"Team Caterpillar's remarkable performance and rapid response to the global
economic downturn over the last year has been a fundamental factor in our
ability to maintain an attractive dividend," said Caterpillar Chairman and
Chief Executive Officer Jim Owens. "Our financial strength during this
recession enables Caterpillar to continue a long tradition of rewarding
stockholders. In fact, over the last 10 years, our total stockholder return
(stock appreciation plus dividends) is more than 200 percent."
Oct 15 · 11:40:00 AM · Source: Reuters
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by Michael Oliveto
Unemployment
The number of Americans filing first-time claims for unemployment benefits dropped last week to the lowest level in nine months. Applications fell by 10,000 to 514,000 in the week ended Oct. 10, lower than forecast, from a revised 524,000 the week before, Labor Department data showed today in Washington. The total number of people collecting unemployment insurance also decreased.
Numbers seem to indicate the improving economy is leading to a slowdown in firings.
Oct 15 · 11:39:00 AM · Source: Bloomberg.com
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by Larry Etter
Charles Schwab (SCHW)
The Charles Schwab Corporation announced today that its net income was $200 million for the third quarter of 2009, down 34% from the third quarter of 2008. For the nine months ended September 30, 2009, the company`s net income was $623 million, down 31% from the year-earlier period.
Third quarter revenue was 1,011,000 vs. 1,251,000 in last year's comparable period.
Chairman Charles Schwab said: "Here at Schwab, we have seen the fear
that gripped investor sentiment in 2008 and early 2009 begin to subside, with branch, website, and phone traffic all showing signs that more individuals are reexamining their investing strategies and looking for direction in managing their investments for the future."
Oct 15 · 11:36:00 AM · Source: Business Wire
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by Larry Etter
Baker Hughes (BHI)
Baker Hughes and BJ Services Company announced the
receipt of a request from the Antitrust Division of the Department of Justice
for additional information (commonly known as a second request) with respect
to Baker Hughes' proposed merger with BJ Services Company.
Both companies
intend to comply with the request promptly.
Oct 15 · 11:35:00 AM · Source: Reuters · Related: BJ Services
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by Michael Oliveto
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