Market News

Sirius XM Radio Inc. (SIRI)

Sirius XM Radio said its third-quarter showed a loss of $149.1 million, or 4 cents a share, compared with a year-earlier loss of $4.88 billion, or $1.93 a share. On a pro-forma basis revenue rose 2.7% to $629.6 million.
The satellite radio provider has improved its financial position since February, when it had said it was exploring possibility of filing for bankruptcy.

Nov 5 · 10:38:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Disney (DIS)

Disney said it will invest $7 million in forest conservation projects in the Amazon, Congo and United States as part of its effort to reduce emissions, waste and energy use as a corporation.
Disney pledged earlier this year to cut its carbon emissions from fuels by half by 2012, and ultimately to achieve net zero direct greenhouse gas emissions at its office and retail complexes, theme parks and cruise lines.

Nov 4 · 2:01:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Garmin (GRMN)

Garmin Wednesday reported a third quarter a profit of $215 million, or $1.07 a share, up from $171.2 million, or 82 cents a share, a year earlier. Excluding currency fluctuations, earnings rose to $1.02 a share from 87 cents. Revenue, however, sank 10% to $781.3 million.

Nov 4 · 1:11:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Pulte Homes (PHM)

Pulte Homes said Wednesday it had a third quarter loss of $361.4 million, or $1.15 a share vs. a loss of $280.4 million, or $1.11 a share, in the year-ago quarter.

Nov 4 · 12:55:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Time Warner (TWX)

Time Warner said its net income fell to $662 million, or 56 cents per share, down 38% from a year earlier. Results included a charge of 5 cents per share. Revenue fell 6 percent to $7.1 billion

Nov 4 · 12:37:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Comcast (CMCSA)

Comcast said Wednesday it earned $944 million, or 33 cents per share, compared with $771 million, or 26 cents, in the same quarter a year earlier. Revenue was up 3 percent to $8.8 billion, slightly shy of the $8.85 billion analysts were forecasting.
Analysts were expecting earnings of about 25 cents per share.

Nov 4 · 12:33:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Amazon (AMZN)

Amazon.com, in an escalation of its price war with Wallmart, began offering hardcovers of John Grisham's "Ford County" and Barbara Kingsolver's "The Lacuna" for just $9 on Tuesday, the official release date for both books. Hardcovers generally have a list price of $24 or higher.
In mid-October, Walmart.com announced dramatic discounts for pre-orders of "Ford County," Sarah Palin's "Going Rogue" and other popular November publications. Wal-Mart.com initially charged $9 for the books, a price quickly matched by Amazon.com, then dropped to $8.98 by Wal-Mart.com.

Nov 3 · 1:36:00 PM · Source: Mercury News · Related: Walmart
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Black & Decker (BDK)

Stanley Works agreed to buy Black & Decker Corp. for $4.5 billion in stock, in a deal that will enable the companies--household names in the U.S. tools industry--to cut costs and exert more influence on pricing. Both companies have felt the pressues of the recession, particularly given their close links with the housing industry. The companies expect the combination, which has been approved by both companies' boards, will result in savings of $350 million a year and to add to earnings by the third year. The transaction would represent "a landmark move in the tools industry,??? and one that makes strong sense as the housing market resumes some growth and raw materials prices rebound, said Brian Sozzi, retail analyst at Wall Street Strategies. Together the companies have greater purchasing power.

Nov 2 · 10:09:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Previous · Next