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IBM (IBM)
International Business Machines and French state-owned rail operator SNCF are set to create a joint venture as part of a six-year IT contract worth 1.7 billion euros ($2.47 billion) in sales, La Tribune reported. The joint venture will be 51 percent owned by SNCF and will involve the maintenance, development and production of applications for the railway operator, the paper said on Tuesday, citing unnamed industry sources.
Jan 12 · 1:04:00 PM · Source: Reuters
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by Larry Etter
IBM (IBM)
IBM Corporation announced that MarineMax, is using IBM business analytics to streamline operational planning, improve decision-making, and enforce more consistent, collaborative information access across the company. Since implementing the solutions, the retailer has been able to cut inventory costs, improve return on marketing spending, and reduce overall planning cycles from months to just a few weeks, among other benefits. - - - - - (repeated)
Jan 12 · 1:01:00 PM · Source: Company News Release
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by Larry Etter
Biogen Idec (BIIB)
Biogen Idec announced today the submission of a marketing authorization application (MAA) to the European Medicines Agency for Fampridine Prolonged Release (Fampridine-PR) tablets, a novel oral therapy for the improvement of walking ability in adult patients with multiple sclerosis (MS). The company also has filed a New Drug Submission (NDS) to Health Canada.
Jan 12 · 11:29:00 AM · Source: Company News
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by Larry Etter
CIT Group (CIT)
CIT Group said Tuesday it named three new directors -- Gerald Rosenfeld, Anthony Terracciano and Laura Unger. CIT also announced that Christopher Shays and Lois Van Deusen have resigned. The company added that a search for a new CEO.
Jan 12 · 11:25:00 AM · Source: Company News
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by Larry Etter
Supervalu (SVU)
Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge.
Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.
Jan 12 · 11:12:00 AM · Source: Company News Release
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by Larry Etter
Tiffany (TIF)
Tiffany & Co. Tuesday said worldwide sales during the two months holiday season -- the two months ended December 31, 2009 -- were up a healthy 17 percent vs. last year. Tiffany's management said it now believes net sales and earnings for the fiscal year ending January 31st will exceed its previous expectations.
Jan 12 · 11:08:00 AM · Source: Company News Release
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by Larry Etter
KB Home (KBH)
KB Home, the Los Angeles-based homebuilder, said Tuesday that it had posted quarterly net income of $100.7 million, or $1.31 a share, compared with a net loss of $307.3 million, or $3.96 a share, in the year-earlier quarter. KB said the latest quarter included an income tax benefit of $191.7 million. Revenue for the quarter fell 27% to $674.6 million. The company said average selling prices of a home fell 12% from the fourth quarter of 2008, while deliveries decreased 22%.
Revenues topped analyst estimates.
Jan 12 · 10:59:00 AM · Source: Company News Release
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by Larry Etter
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