Market News
Procter & Gamble (PG)
The Associated Press reported that Procter & Gamble Co. has recalled two versions of Pringles chips because of concerns about potential Salmonella exposure. Procter & Gamble Co. said the Cheeseburger and Taco Night versions of the snack are being recalled. The Company is offering replacement coupons or refunds. Procter & Gamble Co. says the two varieties represent only one-half of 1% of Pringles U.S volume and the recalled versions are only sold in the U.S. The Company says there have been no reports of illnesses.
This should be just a minor blip on the radar screen for P&G.
Mar 9 · 11:38:00 AM · Source: Reuters.com
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by Rich Pike
MetLife (MET)
MetLife, Inc. announced today a definitive agreement to acquire one of American International Group, Inc.'s international subsidiaries, American Life Insurance Company, for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments.
And more cash comes in to help out the U.S. taxpayer.
Mar 9 · 11:38:00 AM
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by Larry Etter
Frederick's of Hollywood (FOH)
Frederick’s of Hollywood today announced financial results for its fiscal 2010 second quarter and six months ended January 23, 2010. Net sales decreased 21.3% to $41,321,000 from $52,516,000. Adjusted EBITDA was a loss of $2,617,000 compared to a profit of $1,278,000. Fiscal Six Months Ended January 23, 2010 Compared to Fiscal Six Months Ended January 24, 2009: Net sales decreased 17.4% to $78,529,000 from $95,081,000. Adjusted EBITDA was a loss of $4,950,000 compared to a loss of $1,662,000.
The recession is definitely taking its toll on lingerie, which definitely fits into the highly discretionary category.
Mar 9 · 11:28:00 AM · Source: Company Press Release
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by Rich Pike
Oxford Industries (OXM)
Oxford Industries' Tommy Bahama brand has announced the release of a new series of "Collector's Edition"
Major League Baseball team shirts. These custom designed shirts are the next
phase in the unique collaboration between Tommy Bahama and Major League
Baseball Properties for co-branded collections of premium apparel.
Tommy Bahama celebrates the start of the 2010 baseball season with a series
of "Collector's Edition" shirts individually created for eight Major League
Baseball teams, including the Boston Red Sox, Chicago White Sox, Los Angeles
Angels of Anaheim, Los Angeles Dodgers, New York Yankees, Philadelphia
Phillies, Seattle Mariners, and St. Louis Cardinals.
Mar 9 · 11:22:00 AM · Source: Reuters.com
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by Rich Pike
Lan Chile S.a. (LFL)
Chilean carrier LAN Airlines (NYSE: LFL) announced on Friday the increase of capacity of its domestic and international operations to and from Santiago International Airport, according to TradingMarkets.com. As of Friday, LAN was operating 54% of its normal flight operations to and from Santiago.
Even though the airline is still operating some temporary LAN facilities at the Santiago airport, the systems that we have in place are working quickly and efficiently, stated a LAN official. We hope to be able to return to operating 100% of our flights out of the Santiago airport terminal shortly.
Mar 9 · 11:12:00 AM · Source: TradingMarkets.com
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by Steve Wieczorek
Hawaiian Holdings Inc. (HA)
Hawaiian Airlines, a subsidiary of Hawaiian Holdings, Inc., (NASDAQ:HA) today announced the purchase of an additional Airbus A330-200 scheduled for delivery in the second quarter of 2011. With this announcement, Hawaiian is now acquiring 10 new A330s with purchase rights available for five additional aircraft. The first three A330s to join Hawaiian's fleet are scheduled to arrive in April, May and November of this year.
Mark Dunkerley, Hawaiian's president and CEO, said, "Good financial performance has positioned us well to seize the opportunities to grow our business. The A330 is the right aircraft for our customers and our bottom line and acquiring this additional aircraft will allow us to better capitalize on improving demand as the economic recovery gets underway."
Mar 9 · 10:54:00 AM · Source: Company Press Release
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by Steve Wieczorek
AMR (AMR)
American Airlines (NYSE:AMR) Leverages NICE Interaction Analytics to enhance customer experience, according to Market Watch. NICE Systems (NASCAQ:NICE), a leading global provider of advanced solutions that enable enterprises and security organizations to extract insight from interactions, transactions and evaluations to drive business performance, and American Airlines today announced that American is achieving improvements in customer experience following a successful deployment of the NICE SmartCenter suite
The value-add that NICE solutions delivered to American include being able to find better ways to understand trends in customer calls and how to more effectively provide services to them. Additionally, the system has been leveraged to assist management in making key process improvement decisions.
Mar 9 · 10:36:00 AM · Source: Market Watch
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by Steve Wieczorek
Delta Air Lines (DAL)
Delta Air Lines Inc. (NYSE:DAL) and JetBlue Airways Corp. (NASDAQ:JBLU) want exemptions from a new government rule that will limit the time passengers can be held on the tarmac, according to Statesman.com. The airlines say closure of the main runway at New York's JFK airport could mean expensive delays.
The Department of Transportation's new rule, which goes into effect April 29, orders airlines to let passengers off planes delayed for three hours or face hefty fines. The JFK runway closed March 1 and is already causing delays, and airlines don't want to be fined if they stretch past three hours.
Mar 9 · 10:23:00 AM · Source: Statesman.com
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by Steve Wieczorek
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