Market News

Barnes Group Inc. (B)

The Board of Directors of Barnes Group Inc. (NYSE: B) has declared a quarterly cash dividend of 8 cents ($0.08) per share. The dividend will be payable December 10, 2009, to shareholders of record at the close of business on November 30, 2009.

Oct 22 · 12:38:00 PM · Source: Business Wire
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by Larry Etter

Boeing (BA)

Boeing Capital, a unit of The Boeing Company is planning to sell $1 billion in notes in a two-part sale.
The offering is expected to include five-year and 10-year notes. The joint lead managers on the sale are Credit Suisse, Goldman Sachs and JP Morgan.

Oct 22 · 10:56:00 AM · Source: Reuters
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by Michael Oliveto

Caterpillar (CAT)

Caterpillar Inc. said it is promoting Douglas Oberhelman to chief executive officer to replace Jim Owens, who plans to retire next year.

Oct 22 · 10:50:00 AM · Source: News Release
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by Larry Etter

Delta Air Lines (DAL)

Delta Air Lines Inc., the world’s largest airline, posted a third-quarter net loss of $161 million as passenger revenue fell. Total operating revenue declined 21% versus prior year due to the global economic recession.

Oct 22 · 10:46:00 AM · Source: Company Press Release
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by Larry Etter

United Parcel Service (UPS)

United Parcel Service Inc (UPS.N), the world's largest package delivery service, reported a 43 percent drop in earnings that nonetheless topped analysts' forecasts, saying that cost-cutting helped its profit margins. It said Thursday third-quarter profit fell to $549 million, or 55 cents per share, from $970 million, or 96 cents per share, a year earlier. Revenue tumbled 14.9 percent to $11.15 billion.
Analysts on average had looked for earnings of 52 cents per share, according to Thomson Reuters I/B/E/S, and they were expecting $11.17 billion in revenues.

Oct 22 · 10:18:00 AM · Source: Reuters
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by Larry Etter

US Airways (LCC)

US Airways Group Inc (LCC.N) posted a smaller-than-expected quarterly loss on Thursday, which Chief Executive Doug Parker said hints at a "soft, but improving economic environment." The company said its net loss amounted to $80 million, or 60 cents per share, compared with a loss of $866 million, or $8.46 per share, a year earlier. Total revenue in the third quarter fell 16.6 percent from the year-ago period due to a 3.6 percent decline in total available seat miles, the airline said

Oct 22 · 9:40:00 AM · Source: Reuters
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by Larry Etter

Eastern Company (The) (EML)

The Eastern Company (NYSE Amex-EML) today announced the declaration of its regular quarterly cash dividend of nine cents ($0.09) per share, payable December 15, 2009, to common stock shareholders of record as of November 20, 2009. This dividend represents the Company’s 277th consecutive quarterly dividend.

Oct 21 · 3:39:00 PM · Source: Business Wire
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by Larry Etter

GE (GE)

GE announced today the formation of the “GE Healthymagination Fund”, a new equity fund that will make investments in highly promising healthcare technology companies.
The fund will invest in companies globally that have innovative diagnostic, IT, and life sciences technologies aligned with the strategic objectives of GE’s Healthymagination initiative. The fund will also support healthcare companies developing innovative and unique business models and services.

Oct 21 · 3:35:00 PM · Source: Business Wire
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by Larry Etter

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