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Office Depot (ODP)
Office Depot (NYSE: ODP), a leading global provider of office products and services, today announced the retail chain will offer Windows 7. Customers will be able to purchase the highly anticipated software starting today at any one of the more than 1,100 Office Depot retail store locations throughout the country, or online at www.officedepot.com/windows7.
Oct 22 · 12:42:00 PM · Source: Business Wire
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by Larry Etter
Black & Decker (BDK)
Tool maker Black & Decker Corp (BDK.N) posted a 35 percent drop in third-quarter profit on lower sales.For the third quarter ended Sept 30, Black and Decker reported net income of $55.4 million, or 91 cents a share, compared with $85.8 million, or $1.41 a share a year earlier. Sales declined 23 percent to $1.2 billion.
Company beat market estimates as it cut costs, and forecast fourth-quarter earnings above market estimates.
Oct 22 · 10:03:00 AM · Source: Reuters
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by Larry Etter
Black & Decker (BDK)
Tool maker Black & Decker Corp (BDK.N) posted a 35 percent drop in third-quarter profit on lower sales.For the third quarter ended Sept 30, Black and Decker reported net income of $55.4 million, or 91 cents a share, compared with $85.8 million, or $1.41 a share a year earlier. Sales declined 23 percent to $1.2 billion.
Company beat market estimates as it cut costs, and forecast fourth-quarter earnings above market estimates.
Oct 22 · 10:03:00 AM · Source: Reuters
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by Larry Etter
The New York Times (NYT)
The New York Times Co. narrowed its losses in the most recent quarter, though the company showed only moderate signs of improvement in advertising. The publisher, which said Thursday it would have made money if not for hefty one-time charges, lost $106.3 million, or 74 cents a share, in the same quarter a year ago, when it had more than $160 million in one-time costs to account for the declining value of assets on its books. Excluding unusual items, the company said it earned 16 cents per share in the most recent quarter, compared with 5 cents a year ago. Overall revenue fell 17 percent to $570.6 million.
Times Co. CEO Janet Robinson pointed to "encouraging signs of improvement in the overall economy and in discussions with our advertisers."
Oct 22 · 9:59:00 AM · Source: AP
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by Larry Etter
McDonald's (MCD)
McDonald’s Corp., the world’s largest restaurant company, said third-quarter profit rose 5.9 percent as global comparable sales increased more than analysts anticipated. Net income jumped to $1.26 billion, or $1.15 a share, from $1.19 billion, or $1.05, a year earlier, the Oak Brook, Illinois-based company said today in a statement. Revenue fell 3.5 percent to $6.05 billion.
Analysts predicted profit of $1.11 a share, the average of 18 estimates compiled by Bloomberg.
Oct 22 · 9:36:00 AM · Source: Bloomberg
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by Larry Etter
Ford (F)
Ford’s discussions with Geely Holding's to acquire Volvo from Ford have stalled over disagreements on intellectual property.
The talks are focused on the Ford's worries about sharing its proprietary technology and plans for new products. The companies have been discussing a possible deal for 10 months.
Oct 21 · 2:42:00 PM · Source: Reuters
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by Michael Oliveto
Comcast (CMCSA)
Comcast will be the first cable TV operator to make available to subscribers online access to popular cable shows and movies with a goal to replicate what's available on television through video on demand.
Time Warner Cable and others plan to do the same as the pay-TV companies look to meet the demand for online video while preserving subscription revenue.
Oct 21 · 12:28:00 PM · Source: AP · Related: Time Warner
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by Michael Oliveto
Comcast (CMCSA)
Comcast Corp., DirecTV Group Inc. and 11 other pay-TV providers won dismissal of an antitrust lawsuit brought by consumers who said they are harmed by the industry practice of bundling programs in subscription packages.
The complaint accused the companies of preventing competition among TV providers by offering only prepackaged tiers of programs and by refusing to allow consumers to buy channels “a la carte.”
Oct 20 · 3:05:00 PM · Source: Bloomberg
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by Michael Oliveto
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