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General Dynamics (GD)
General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, has been awarded by the US Navy a $25 million contract for management and support of nuclear-maintenance work for submarines homeported at the Naval Submarine Base in Groton, CT.
The contract has a potential value of $78 million over three years if all options are exercised.
Oct 29 · 12:48:00 PM · Source: Reuters
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by Michael Oliveto
Ford (F)
Ford announced today that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation.
Ford said that while it will be engaging in more detailed and focused negotiations with Geely, no final decisions have been made.
Oct 29 · 12:10:00 PM · Source: CNW Group
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by Michael Oliveto
Exelon (EXC)
Exelon Corporation declared a regular quarterly dividend of $0.525 per share on Exelon`s common stock.
The dividend is payable on December 10, 2009, to shareholders of record on November 13, 2009.
Oct 29 · 12:05:00 PM · Source: Reuters
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by Michael Oliveto
Astrazeneca PLC (AZN)
AstraZeneca said its net income increased 23 percent to $2.12 billion from $1.73 billion a year earlier. Earnings excluding restructuring and other one-time costs gained to $1.68 a share from $1.32, beating analysts' forecasts. Third-quarter sales gained 5.4 percent to $8.2 billion.
Earnings rose on Swine Flu vaccine.
Oct 29 · 11:33:00 AM · Source: Company News Release
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by Larry Etter
Kellogg (K)
Kellogg's said its third quarter profits increased 5.6 percent to $361 million, or 94 cents a share, in the period ended Oct. 3, from $342 million, or 89 cents, a year earlier. Revenue edged down 0.3% to $3.28 billion.
Earnings topped analysts' estimates.
Oct 29 · 11:28:00 AM · Source: Company News
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by Larry Etter
Entergy (ETR)
Entergy Louisiana's 669,000 customers could face a bill of $208.9 million if state utility regulators agree with the company's plan to scuttle the Little Gypsy power plant conversion in southeastern Louisiana.
Touted only two years ago by the utility and regulators as a major cost-saver for electricity customers, the combination of much-lower natural gas prices and the uncertainty of future carbon legislation led to the project's three-year suspension by the Public Service Commission in April.
Oct 29 · 11:25:00 AM · Source: Mercury News
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by Michael Oliveto
Moody's (MCO)
The ratings agency Moody's today said third-quarter earnings fell 11 percent to $100.6 million, or 42 cents a share, from $113 million, or 46 cents, a year earlier.
Company said the global economic slowdown slowed demand for structured debt rankings, but it said full-year profit will be more than it previously predicted.
Oct 29 · 11:23:00 AM · Source: Company News
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by Larry Etter
Aetna (AET)
Aetna said today that its third-quarter net income climbed 18 percent to $326.2 million, or 73 cents a share, from 277.3 or 58 cents per share. Revenue rose 9% to 8,704.4 million from 7,981.4 million.
Results beat analysts' forecasts.
Oct 29 · 11:03:00 AM · Source: Company News Release
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by Larry Etter
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