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FAA Projects Slow Rebound In Air Travel - Update
3/9/2010 10:37:29 PM The Federal Aviation Administration on Tuesday said that air travel will begin rebounding slowly in 2010 and predicted slow growth over the next two decades. In its annual forecast, the agency also projects U.S. airline passenger numbers to reach 1 billion in 2023, two years later than projected earlier....
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Verizon And Frontier Urge Illinois Commerce Commission To Approve Verizon Line Sale - Update
3/9/2010 10:34:54 PM Tuesday, Verizon Communications Inc. (VZ) and Frontier Communications Corp.(FTR) urged the Illinois Commerce Commission to ignore the draft order issued by the administrative law judge opposing the transaction under which Frontier would acquire the local landline operations of Verizon in Illinois. The...
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Citigroup Reportedly Agrees To Sell Real Estate Investment Unit To Apollo Global Management - Update
3/9/2010 10:19:49 PM Global financial services provider Citigroup, Inc. (C) reportedly agreed Tuesday to sell its real-estate investment business Citi Property Investors under Citi Holdings, to private equity firm Apollo Global Management LLC. The unit has about 65 investments in 26 countries with a net asset value of about...
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Main Street Capital Q4 Loss Widens - Update
3/9/2010 8:53:48 PM Specialty investment company Main Street Capital Corp. (MAIN) reported a net realized loss for the fourth quarter that widened from the year-ago period, hurt by a wider net realized loss from investments and a 7% decline in investment income.
The Houston, Texas-based company's net realized loss for...
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ExlService Holdings Q4 Profit Surges, Tops Estimate; Guides 2010 Revenues Above View - Update
3/9/2010 8:06:41 PM Outsourcing and transformation services provider ExlService Holdings, Inc. (EXLS) reported Tuesday a better-than-expected profit for the fourth quarter that surged from last year, boosted by strong margin expansion as well as quarterly revenue growth. Earnings per share for the quarter surged, and significantly...
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American Eagle To Close MARTIN+OSA Concept Stores - Update
3/9/2010 7:57:31 PM Tuesday, American Eagle Outfitters, Inc. (AEO) said it plans to close its MARTIN+OSA concept, including all 28 stores and the online business. The move follows an extensive evaluation and review of strategic alternatives as the brand was not achieving performance levels that warrant further investment....
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ICF Int'l Q4 Profit Edges Up, Guides Q1, FY10 - Update
3/9/2010 7:47:17 PM Tuesday, ICF International, Inc. (ICFI) said its profit for the fourth quarter increased primarily due to an increase in revenue driven by a 57% jump in core business revenue and a 22% rise in organic growth.
ICF International's net income for the quarter increased to $6.18 million or $0.37 per share...
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EQT To Offer 12.5 Mln Of Common Stock; Raises Production Sales Growth Guidance - Update
3/9/2010 7:30:54 PM Tuesday, EQT Corp. (EQT), an integrated energy company, announced that it intends, to offer 12.50 million shares of its common stock. The common stock will be offered pursuant to an effective registration statement filed with the Securities and Exchange Commission. The company intends to grant the underwriters...
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Coca-Cola Bottling Q4 Profit Rises - Update
3/9/2010 7:26:34 PM Tuesday, Coca-Cola Bottling Co. Consolidated (COKE) reported a fourth quarter profit that increased from last year, on higher revenues as well as gains from hedging programs.
The Charlotte, North Carolina-based company's fourth quarter net income was $1.99 million or $0.22 per share, up from $1.41...
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Verisk Analytics Slips To Q4 Loss - Update
3/9/2010 6:30:10 PM Verisk Analytics, Inc. (VRSK) Tuesday reported a fourth quarter loss over a profit last year. However, adjusted net income for the quarter increased from last year.
Jersey City, New Jersey-based Verisk posted a loss of $6.4 million or $0.03 per share in the current fourth quarter, compared to a net...
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Collective Brands Q4 Loss Narrows - Update
3/9/2010 6:18:31 PM Tuesday, Collective Brands, Inc. (PSS) reported a narrower loss for the fourth quarter primarily due to higher sales and gross margin rate expansion.
Net loss attributable to Collective Brands, Inc. for the fourth quarter narrowed to $10.9 million or $0.17 per share from $144.0 million or $2.28 per...
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AeroVironment Q3 Profit Rises - Update
3/9/2010 5:56:08 PM Tuesday, unmanned aircraft systems provider AeroVironment, Inc. (AVAV ) reported that its profit for the third-quarter increased from the previous year quarter on higher revenues.
AeroVironment recorded net income of $6.5 million or $0.30 per share, up 43%, compared to $4.5 million or $0.21 per share...
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Analogic Posts Higher Q2 Profit - Update
3/9/2010 5:49:09 PM Tuesday, medical and security imaging equipment maker Analogic Corp. (ALOG), reported a higher second-quarter profit, helped by increased margins and lower restructuring expenses.
Analogic's second-quarter net income increased to $3.6 million or $0.29 per share from $1.4 million or $0.11 per share...
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Salix Pharma Q4 Loss Narrows - Update
3/9/2010 5:39:59 PM Tuesday, Salix Pharmaceuticals, Ltd. (SLXP) reported a fourth quarter loss that narrowed from last year, helped essentially by a 16% rise in revenue. Both earnings and revenues came in ahead of Street expectations. Looking ahead, the company also provided its guidance for the first quarter and full year...
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A123 Systems Q4 Loss Narrows - Update
3/9/2010 5:30:17 PM A123 Systems, Inc. (AONE), a manufacturer of advanced Nanophosphate lithium ion batteries and battery systems, Tuesday announced that its loss for the fourth-quarter narrowed from the previous year quarter.
Net loss attributable to A123 Systems common stockholders was $22.3 million or $0.22 per share,...
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Boston Beer Q4 Profit Rises - Update
3/9/2010 4:53:45 PM Boston Beer Co., Inc. (SAM), Tuesday reported an increase in fourth quarter profit, primarily the result of increased core shipments and improved gross margins. Driven by core volume gains, revenues for the quarter grew 3% from a year ago.
Net income of Boston, Massachusetts-based Boston Beer increased...
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Anadarko Petroleum Commences Offer To Buyback $1 Bln Of Notes -Update
3/9/2010 3:35:58 PM Tuesday, Anadarko Petroleum Corp. (APC) said that it has commenced a cash tender offer for up to $1 billion aggregate principal amount of specified series of its outstanding debt. The company also announced the pricing of a $750 million senior notes offering.
The cash tender offer consists of two...
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Shiseido Completes Tender Offer For Bare Escentuals - Update
3/9/2010 2:29:06 PM Japanese cosmetics company Shiseido Co. Ltd. (SSDOY.PK), said Tuesday that it has completed the tender offer to acquire cosmetics maker Bare Escentuals, Inc. (BARE) for $18.20 per share, net to the seller in cash, without interest and less any applicable withholding taxes. The tender offer and withdrawal...
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China Security & Surveillance Backs FY10 Outlook - Update
3/9/2010 1:55:18 PM Tuesday, China Security & Surveillance Technology, Inc. (CSR), said it expects revenues and earnings to continue to exhibit seasonality in 2010 and subsequent years as its customer and revenue mix shifts to more government installation contracts. The company reaffirmed its earnings and revenue guidance...
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Samsung Launches 3D TV; To Offer DreamWorks' Shrek Film With 3D Products - Update
3/9/2010 1:30:34 PM Samsung Electronics Co. Ltd. (SSNLF.PK, SSNNF.PK) Tuesday announced the launch of first full HD 3D LED TV that brings three dimensional viewing of films and animations to home. Further the company said it expanded strategic alliance with DreamWorks Animation SKG Inc. (DWA) to feature Shrek film series,...
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