Market News
Boeing (BA)
Boeing’s St. Louis-based defense unit won a $12.4 million contract with the U.S. Navy to repair various components of the F/A-18 Super Hornet fighter jet.
Work will be performed in Lemoore, CA (57%), Cecil Field, FL. (40%) and Philadelphia, PA (3%), and be completed by December 31, 2010, the Pentagon said.
Dec 31 · 11:22:00 AM · Source: St Louis Business Journal
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by Michael Oliveto
Citigroup (C)
Citigroup received notice from the federal government that they will not be subject to rulings from the Treasury Department’s paymaster Kenneth Feinberg in 2010.
Citigroup paid back $20 billion of the total $45 billion in aid that it received from TARP, meaning that it is no longer receiving “exceptional assistance” and is no longer receiving the type of aid that would warrant the paymaster’s oversight, according to a letter issued to Citigroup by the Treasury Department on Wednesday.
Dec 29 · 5:21:00 PM · Source: American Banking News
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by Michael Oliveto
Citigroup (C)
According to a regulatory filing at the end of trading on Thursday, as of March 2011, Citibank will no longer provide financing for the credit cards of Zale with sales continuing to plunge for the specialty jewelry retailer.
Zale hasn’t been able to stop the continuing loss in market share it has been experiencing for years, and the drop in November sales of 18.6% has generated a lot of conjecture and buzz on what the future holds for the company, as the majority of its sales and profits are experienced over the final three months of the year.
Dec 29 · 5:17:00 PM · Source: American Banking News · Related: Zale Corporation
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by Michael Oliveto
Amazon (AMZN)
Amazon has said in a release that Kindle is the highest sold device from its website on this shopping season.
The data was not made available by the company but it was being said that on the peak order day of December 14, customers ordered 9.5 million items worldwide.
Dec 29 · 4:52:00 PM · Source: Duniyalive
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by Michael Oliveto
Apple (AAPL)
Apple's data-hungry iPhone at times overwhelmed London operator O2's network during the last six months but additional capacity helped ease the problem by December, O2 said on Tuesday.
O2, which is owned by Spain's Telefonica said some customers in the UK capital had periodically not been able to make or receive calls or transmit data because of pressure on the network from smartphones such as the iPhone. O2, whose exclusive contract to market the Apple handset in the UK expired in November, had seen an 18-fold increase in data traffic since the start of the year, a spokesman said.
Dec 29 · 4:38:00 PM · Source: Reuters
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by Michael Oliveto
Apple (AAPL)
Nokia Oyj announced that it has filed a complaint with the United States International Trade Commission (ITC) alleging that Apple infringes Nokia patents in virtually all of its mobile phones, portable music players, and computers.
The seven Nokia patents in this complaint relate to Nokia's pioneering innovations that are now being used by Apple to create key features in its products in the area of user interface, as well as camera, antenna and power management technologies.
Dec 29 · 4:36:00 PM · Source: Reuters
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by Michael Oliveto
Apple (AAPL)
Thomas Weisel upped Apple's price target from $245 to $250. They maintained their rating as Overweight.
2010 and 2011 EPS estimates were increased to $7.82 and $9.82, respectively.
Dec 29 · 4:10:00 PM · Source: The Street
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by Michael Oliveto
Exxon Mobil (XOM)
Russia's Gazprom expects to wrap up a deal on gas supplies from the ExxonMobil - led Sakhalin-1 project next year, Gazprom's deputy head told reporters on Monday.
ExxonMobil has said it is studying all options for selling gas from Sakhalin-1, which is owned by a consortium that also includes Russian oil firm Rosneft, Japan's Itochu and Marubeni and India's ONGC.
Dec 29 · 3:55:00 PM · Source: Reuters
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by Michael Oliveto
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