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Ford (F)

United Auto Workers union overwhelmingly rejected a proposed cost-cutting deal with Ford Motor Company, delivering a setback for the automaker as it seeks to bring down labor costs in line with U.S. rivals.
The UAW said that 70% of production workers and 75% of skilled trade workers voted to reject a proposed agreement the union leadership and Ford Motor Company negotiated in October to change the 2007 four-year contract. The deal would have brought Ford Motor Company labor costs in line with General Motors Co and Chrysler Group LLC.

Nov 5 · 12:24:00 PM · Source: Reuters
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by Michael Oliveto

Ford (F)

Editors at Popular Mechanics announced the winners of the magazine's 2010 Automotive Excellence Awards, and Ford Motor Company set a precedent, winning more categories in a single year than any other automaker in the history of the awards.
The Popular Mechanics Automotive Excellence Awards recognize the best in automotive design and technology for 2010 model year vehicles in 10 categories.

Nov 5 · 12:14:00 PM · Source: Reuters
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by Michael Oliveto

Wendy's International, Inc. (WEN)

Wendy's Thursday said its third quarter earnings were $14.7 million, or 3 cents a share, a turn form a loss of $12.1 million, or 13 cents a share, in the year-ago period. Excluding one-time charges, the company said it would have earned 6 cents a share. Revenue rose to $903 million from $310 million on the back of the company's.

Nov 5 · 12:00:00 PM · Source: Company News Release
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by Larry Etter

DIRECTV (DTV)

DirectTV said this third quarter net income was $366 million, or 37 cents a share, compared with a profit of $363 million, or 33 cents a share, in the year-ago period. Revenue rose to $5.47 billion from $4.98 billion.

Nov 5 · 11:27:00 AM · Source: Company News Release
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by Larry Etter

ORBITZ WORLDWIDE INC (OWW)

Online travel agency Orbitz WorldWide said it posted a quarterly profit of $7 million, or 8 cents a share, compared with a net loss of $287 million, or $3.44 a share, a year ago. Revenue fell 22 percent, to $187 million,
Analysts had expected $202 million in revenue.

Nov 5 · 11:04:00 AM · Source: Company News
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by Larry Etter

TJX (TJX)

The TJX Companies, Inc. today said that sales for the four-week period ended October 31, 2009, were $1.7 billion, up 15% over the $1.5 billion achieved during the four-week period ended November 1, 2008. Consolidated comparable store sales increased 10% compared to last year for the four-week period ended October 31, 2009
Analysts had expected same-store sales to rise 10.1%.

Nov 5 · 10:59:00 AM · Source: Company News
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by Larry Etter

MGM Mirage (MGM)

MGM Mirage said it has a third-quarter net loss of 750.4 million, or $1.70 a share, compared with a profit of $61.3 million, or 22 cents, a year earlier. The loss included a write-down of its CityCenter development, which is set to open in December. Revenue fell 13% to $1.71 billion from $1.95 billion last year.
The revenue number did beat analysts' forecasts.

Nov 5 · 10:53:00 AM · Source: Company News
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by Larry Etter

Scripps Networks Interactive (SNI)

Scripps Networks Interactive Inc. has agreed to buy a controlling stake in the Travel Channel from Cox Communications Inc. Scripps Networks will pay $181 million to get 65 percent of the channel through a joint venture with Cox, which will keep the remaining stake, the companies said today in a statement. Cox will contribute the channel, valued at $975 million, and their venture will take on $878 million in debt.
Scripps bid trumps a bid by News Corp. for the cable- television network.

Nov 5 · 10:47:00 AM · Source: Company News
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by Larry Etter

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