Market News

Kaydon Corporation (KDN)

Sterne Agee initiated coverage for Kaydon Corporation with a recommendation of Neutral.

Dec 17 · 8:32:00 PM
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by Rich Pike

Crane Co. announced today it has sold General Technology Corporation, a subsidiary of Crane Co., to IEC Electronics Corp. for $14.2 million. GTC, also known as Crane Electronic Manufacturing Services, has revenue of approximately $25 million. Crane Co. expects to record a tax benefit of approximately $0.09 per share resulting from this divestiture. This benefit was not included in the Company’s earnings guidance issued on October 26, 2009, of GAAP EPS for the full year 2009 of $1.90-$2.05.

Dec 17 · 11:23:00 AM · Source: Company News
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by Larry Etter

FedEx (FDX)

Federal Express said Thursday that its fiscal second quarter net profits totalled $345 million, or $1.10 a share, down from $493 million, or $1.58 a share, earned in the year-ago second quarter. Quarterly revenue fell 10% to $8.6 billion.
Fedex did say it expects stronger demand in the second half of the fiscal year.

Dec 17 · 10:54:00 AM · Source: Company News Release
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by Larry Etter

Boeing (BA)

Reuters reported that Boeing Co. is set to make the first test flight of its 787 Dreamliner on Tuesday, almost two and a half years after the new, fuel-efficient plane, which is key to the company's financial future, was supposed to fly. The lightweight carbon and titanium plane, promising to save airlines million of dollars in fuel and maintenance costs, has been hampered by a shortage of bolts, faulty design and a two-month strike.

Dec 15 · 11:52:00 AM · Source: Reuters
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by Larry Etter

JetBlue Airways Corporation (JBLU)

JetBlue Airways Tuesday announced plans to further grow its presence in Boston with new daily nonstop service to San Jose, California, beginning May 13, 2010. .
San Jose will be JetBlue's 34th nonstop destination from Boston's Logan International Airport.

Dec 15 · 10:39:00 AM · Source: Company News
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by Larry Etter

GE (GE)

US officials said they were probing more cases of patients who may have been exposed to excess radiation from CT brain scans involving equipment from GE and Toshiba Machine Co., Ltd.
Food and Drug Administration officials have not determined if there was a problem with the machines themselves or with how they were used said, Dr. Jeffrey Shuren, acting director of the FDA's device center.

Dec 8 · 3:11:00 PM · Source: Reuters
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by Michael Oliveto

General Dynamics (GD)

General Dynamics Information Technology, a business unit of General Dynamics, has been awarded an $18.6 million, five-year contract to support the U.S. Naval Surface Warfare Center, Carderock Division (NSWCCD), Philadelphia, PA, under the Seaport-e contract vehicle.
Under this contract, General Dynamics will provide engineering and technical support of machinery control, machinery information and machinery automation systems.

Dec 8 · 3:06:00 PM · Source: PR NewswIre
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by Michael Oliveto

FedEx (FDX)

FedEx announced that it expects to report earnings of $1.10 per diluted share for the second quarter of 2010.
The Company's previous guidance for the quarter was $0.65-$0.95 per diluted share.

Dec 8 · 2:48:00 PM · Source: Reuters
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by Michael Oliveto

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