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Burlington Northern Santa Fe (BNI)

Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion. Berkshire already has major stake in the company, and said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.
Buffett said deal shows his confidence in the U.S.economy.

Nov 3 · 9:50:00 AM · Source: Company News
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by Larry Etter

GE (GE)

General Electric announced the appointment of John Flannery as president and CEO of GE’s business operations in India.
Flannery, 47, will oversee GE’s new approach to India, which will consolidate all businesses into one team with an integrated strategy. This team will help GE grow in India through local partnerships, technology leadership and strategic investments. Flannery has been named a senior vice president of GE.

Oct 29 · 12:51:00 PM · Source: Business Wire
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by Michael Oliveto

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

Brink's Company (The) (BCO)

Brink's Co. today reported third-quarter net income of $34 million or $0.72 per share, compared to net income of $48 million or $1.03 per share in the same quarter last year. Revenues dropped 1% to $802 millon from $813 million.

Oct 29 · 10:38:00 AM · Source: Company News
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by Larry Etter

US Airways (LCC)

US Airways Group said Wednesday it would cut its staff by 1,000, or 3 percent, and shift its operations to focus on four key cities and its shuttle service, . The carrier said it would concentrate on its "core network strengths," which are its hubs in Charlotte, Philadelphia and Phoenix, as well as Washington D.C. and its shuttle between New York, Boston and Washington.
The company feels the move will return the airline to profitability

Oct 28 · 3:48:00 PM · Source: Company News Release
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by Larry Etter

Owens Corning Inc (OC)

Owen Corning today reported third quarter earnings of $80 million, or 63 cents a share, compared with a loss of $807 million, or $6.35 a share in the year-ago period. Third quarter consolidated net sales of $1.3 billion during the third quarter of 2009, compared with $1.6 billion in the third quarter of 2008.
Results Beat Street estimates.

Oct 28 · 1:33:00 PM · Source: Company News Release
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by Larry Etter

Burlington Northern Santa Fe (BNI)

Burlington Northern Santa Fe Corporation announced a quarterly dividend of 40 cents per share on outstanding common stock.
Dividends on common stock will be paid January 4, 2010, to shareholders of record December 14, 2009.

Oct 28 · 12:56:00 PM · Source: Pr-USA.net
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by Michael Oliveto

General Dynamics (GD)

Defense contractor General Dynamics said its third quarter profits declined 9.8 percent to $572 million, or $1.47 a share, from $634 million, or $1.59, a year earlier. Revenue climbed 8.1 percent to $7.72 billion.

Oct 28 · 10:24:00 AM · Source: Company News Release
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by Larry Etter

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