Market News
American Express (AXP)
American Express Open, the small business division of American Express, launched AcceptPay, an online invoicing and payment solution that can help business owners improve cash flow at a time when customers are taking a longer time to pay.
AcceptPay is a new online solution that allows business owners to create, send and track invoices - all in one place. Through AcceptPay, the group said that customers can pay the invoice through a variety of methods, including major credit and debit cards, eChecks, cash, or checks.
Dec 29 · 12:54:00 PM · Source: Trading Markets
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by Michael Oliveto
Oshkosh Truck Corporation (OSK)
Oshkosh Defense, a division of Oshkosh Corporation, has received an order valued at more than $54 million from the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to supply more than 970 add-on protection kits for the MRAP All-Terrain Vehicle. Under the delivery order, Oshkosh will supply more than 170 explosively formed penetrator (EFP) kits through April 2010 and 800 rocket-propelled grenade (RPG) kits through May 2010.
Dec 24 · 9:41:00 AM · Source: Company News Release
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by Larry Etter
Durable Goods
The Commerce Department Thursday said that orders for durable goods rose 0.2% in November. Lower demand for commercial aircraft offset big increases for computers and other industries. Manufacturers' orders for the long-lasting goods increased to a seasonally adjusted $166.87 billion, Commerce Dept. figures showed.
The number showed a smaller gain than expected.
Dec 24 · 9:37:00 AM
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by Larry Etter
Unemployment
The number of Americans filing claims for unemployment benefits last week declined by 28,000 to 452,000, the Labor Department reported Thursday.
The fall was bigger than forecast and the number is at the lowest levels since September, 2008.
Dec 24 · 9:32:00 AM
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by Larry Etter
Housing
Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky and heavily dependent on the generosity of Uncle Sam. The 11 percent slump from October's pace shows that consumers are taking their time following an extension of a deadline for first-time buyers to qualify for a tax credit. The incentive was set to expire at the end of November, but Congress pushed back the date to April 30 and expanded the program to include current homeowners who relocate.
"They don't have to act today," said David Crowe, chief economist at the National Association of Home Builders, who called the results "pretty awful."
Dec 23 · 12:39:00 PM · Source: Yahoo.com
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by Rich Pike
3Com Corporation (COMS)
Computer networking maker 3Com Corp. said Wednesday its fiscal second-quarter net income increased 55% to $19.99 million, or 5 cents a share, from $12.9 million, or 3 cents a share in the year-ago period. Adjusted net income was 9 cents a share in the latest period. Revenue dropped to $322 million from $355 million.
Earnings missed analyst expectations by a little bit.
Dec 23 · 11:11:00 AM · Source: Company News Release
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by Larry Etter
Ford (F)
Ford Motor Company confirmed Wednesday today that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited. As a result, the Ford and Geely anticipate that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter 2010, subject to appropriate regulatory approvals.
Dec 23 · 11:05:00 AM · Source: Company News Release
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by Larry Etter
Papa John's (PZZA)
Papa John’s International Inc. said it expects 2010 to remain tough for the third-largest pizza brand, with same-store sales expected to range from an increase of 1 percent to a decrease of 1 percent.
“The consumer environment is expected to continue to be very challenging, with the unemployment rate and consumer confidence seen as key indicators for the restaurant industry,” the company said in a statement Monday.
Dec 22 · 3:08:00 PM · Source: Restaurant News
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by Rich Pike
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