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Hartford Financial Services (HIG)
The Hartford Financial Services Group, Inc. today introduced The Hartford’s Personal Retirement Manager, an innovative new way to combine long-term investment growth and guaranteed lifetime income potential in a single, user-friendly, tax-deferred retirement planning vehicle.
Oct 23 · 10:54:00 AM · Source: Company News Release
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by Larry Etter
Priceline.com (PCLN)
Priceline.com® (NASDAQ: PCLN) announced today that it will be added to the NASDAQ-100 Index®, effective at the start of trading Thursday, October 29, 2009.
Oct 23 · 10:50:00 AM · Source: Company News Release
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by Larry Etter
Ben Bernanke
Federal Reserve chairman Ben Bernanke said Friday that the turmoil in the financial system is "abating," but urged lawmakers to enact comprehensive reforms to help prevent future crises.
In a speech to central bankers in Massachusetts, Bernanke said legislative action is needed to ensure that banks have sufficient capital reserves, and to limit the risks that financial institutions can take.
Oct 23 · 10:35:00 AM · Source: CNN
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by Larry Etter
Exelon (EXC)
Exelon Corp reported an 8 percent increase in third-quarter profit, rising to $757 million, or $1.14 per share, from $700 million, or $1.06 per share, in the year-ago quarter. But the power company's revenue on an adjusted basis fell 17 percent to $4.36 billion.
The company's revenues were well below analysts' average forecast of $5.36 billion.
Oct 23 · 10:32:00 AM · Source: Company News Release
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by Larry Etter
Housing
The National Association of Realtors® reported that existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 9.4 percent to a seasonally adjusted annual rate1 of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008. Sales activity is at the highest level in over two years, since it hit 5.73 million in July 2007.
Lawrence Yun, NAR chief economist, said favorable conditions matched with a tax credit are boosting home sales. “Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home,” he said. “We are hopeful the tax credit will be extended and possibly expanded to more buyers, at least through the middle of next year, because the rising sales momentum needs to continue for a few additional quarters until we reach a point of a self-sustaining recovery.”
Oct 23 · 10:28:00 AM · Source: NAR Press Release
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by Rich Pike
Ingersoll-Rand (IR)
Ingersoll-Rand Plc Friday reported that its third-quarter net earnings were $216.6 million, or $0.65 per share, compared to net earnings $227.7 million, or $0.70 per share in the year ago quarter. Third-quarter 2009 earnings from continuing operations, excluding approximately $10 million of pre-tax restructuring costs, was $0.70. Adjusted net earnings attributable to the company for the latest quarter were $223.2 million or $0.67 per share. Net revenues for the quarter decreased 19% to $3.483 billion, from $4.313 billion for the 2008 third quarter.
The company now expects full-year 2009 adjusted earnings per share from continuing operations to be in the range of $1.60 to $1.70, compared to prior guidance of $1.50 to $1.80, reflecting lower fourth-quarter revenues.
Oct 23 · 10:24:00 AM · Source: Company News Release
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by Larry Etter
T. Rowe Price (TROW)
T. Rowe Price Friday reported a profit of $132.4 million, or 50 cents a share, down from $152.4 million, or 56 cents a share, a year earlier. Net revenue decreased 10% to $498.1 million.
During the quarter, assets under management increased 16% to $366.2 billion as of Sept. 30, including $218.4 billion in mutual funds.
Analysts polled by Thomson Reuters most recently forecast earnings of 46 cents on revenue of $496 million.
Oct 23 · 10:17:00 AM · Source: Company News Release
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by Larry Etter
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