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Disney, Time Warner Cable Strike New Deal - Update
9/2/2010 10:55:41 PM Walt Disney Co. (DIS) and cable operator Time Warner Cable Inc. (TWC) said Thursday that they have reached a new long-term expanded programming deal that will keep Disney's broadcast and cable channels on Time Warner Cable, ending several weeks of tense negotiations. Financial terms of the deal, reached...
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Mitel Networks Turns To Profit In Q1; Guides Q2 Revenues; CEO Don Smith To Retire - Update
9/2/2010 6:35:32 PM Unified communications software solutions provider Mitel Networks Corp. (MITL) reported a turn to profit in the first quarter. Loss for the first quarter last year was impacted by a non-cash charge related to the accretion on Class 1 Preferred Shares. Non-GAAP earnings for the quarter came in ahead of...
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ArcSight Q1 Profit Rises; Guides Q2 Above Estimates - Update
9/2/2010 6:33:52 PM Security solutions provider ArcSight Inc. (ARST), Thursday reported an increase in profit for the first quarter on a significant rise in revenues across segments. Adjusted earnings and revenues for the quarter topped analysts' estimates. Looking ahead, the company expects non-GAAP earnings and revenues...
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Finisar Swings To Q1 Profit, Tops View - Update
9/2/2010 6:01:30 PM Networking and communication devices provider Finisar Corp. (FNSR), Thursday reported a profit for the first quarter, compared to a loss last year, primarily reflecting a 61.5% surge in revenues and improved margins. Both earnings and revenues for the quarter came in ahead of analysts estimates.
The...
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Cooper Q3 Profit Rises; Lifts FY10 Earnings View - Update
9/2/2010 5:07:48 PM Healthcare products provider Cooper Companies, Inc. (COO), Thursday reported a rise in profit for the third quarter, due primarily to higher sales and improved margins. Looking ahead, the company provided its guidance for the fourth quarter and lifted its earnings guidance for the full year 2010.
The...
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Ulta Q2 Profit Up More Than Two Fold, Beat Estimates; Guides Q3 - Update
9/2/2010 5:06:24 PM Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA), Thursday said its second quarter profit soared from the year-ago quarter, helped by a 10.8% increase in comparable stores sales, reflecting increased customer count and average ticket. Both earnings and revenues for the quarter came in ahead of Street estimates.
The...
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Esterline Q3 Profit Up 22%, Lifts FY10 View - Update
9/2/2010 4:56:43 PM Defense and aerospace contractor Esterline Corp. (ESL), Thursday said its third quarter profit came in above estimates, helped by strength in Avionic & Controls business. Taking cue, the company raised its annual earnings forecast from the prior level.
The Bellevue, Washington-based company's income...
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Boeing Projects $700 Bln Commercial Airplanes Market In North America - Update
9/2/2010 1:24:14 PM Thursday, Boeing Inc. (BA) said that it expects air carriers in North America to take delivery of about 7,200 new airplanes over the next 20 years at an investment of $700 billion.
The company said that new airplane deliveries in Canada and the United States will be driven largely by the need to retire...
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Perfumania Holdings August Comps Down 8.7%
9/2/2010 12:24:27 PM Perfumania Holdings Inc. (PERF) announced that Perfumania, one of its wholly-owned subsidiaries which operates specialty retail fragrance stores, reported comparable store sales decrease of 8.7% for the month of August 2010. Comparable store sale increased 1% in the previous year's August.
Comparable...
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Mariner Oil Rig On Fire In Gulf In Mexico
9/2/2010 12:13:40 PM The Coast Guard is responding to a fire at a Mariner Energy rig off the coast of Louisiana.
Helicopters from Houston and are reportedly en route to the shallow water platform 100 miles off the coast of Grand Isle, Louisiana.
Mariner says no oil has been spilled as a result of the accident, and...
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HEI Hotels Sells Two Philadelphia Hotels To LaSalle Hotel Properties - Quick Facts
9/2/2010 12:11:15 PM HEI Hotels & Resorts Thursday said that it has sold two of its Philadelphia hotels, the 294-room Westin Philadelphia and the 288-room Embassy Suites Philadelphia-Center City, to real estate investment trust LaSalle Hotel Properties (LHO) for an undisclosed amount. Under the terms of the deal HEI will...
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Denbury, Encore Energy Terminate Consideration Of Transactions Regarding Elk Basin Field - Update
9/2/2010 11:32:54 AM Independent oil and gas company Denbury Resources Inc. (DNR) said Thursday that the company and Encore Energy Partners LP (ENP) have terminated the previously announced consideration of a sale or other asset transaction regarding the Elk Basin Field.
Denbury said it will now focus on its previously...
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Saks August Comps Up 1% - Update
9/2/2010 11:20:21 AM Fashion retailer Saks Inc. (SKS) Thursday said its comparable store sales for the month of August rose 1% though impacted negatively by reduced levels of inventory clearance.
The increase in comparable store sales for the month was meager when compared to the July comps sales increase of 6.4% supported...
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AOL Renews Search Alliance With Google For Next Five Years - Update
9/2/2010 11:19:42 AM Web service company AOL Inc. (AOL) Thursday said it has renewed its global search partnership with search giant Google Inc. (GOOG) for the next five years and intends to expand the alliance to mobile search and YouTube.
AOL's Chairman and Chief Executive Officer Tim Armstrong said, "After nearly a...
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Samsung Unveils Android-Powered Tablet With Vodafone - Update
9/2/2010 10:46:05 AM South Korean electronic giant Samsung Electronics Co., Ltd (SSNLF.PK), Thursday forayed into the tablet PC market by launching its first smart media device dubbed Galaxy, which uses Android Operating System 2.2 as its platform.
Scheduled to be available through Vodafone Group plc (VOD) network in...
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Rite Aid August Same Store Sales Down 1% - Update
9/2/2010 10:21:12 AM Drugstore chain Rite Aid Corp. (RAD) Thursday reported a 1.0% decline in August same store sales compared with the prior-year period. Same store sales is a statistic used by retailers to compare sales of stores that have been open for at least a year.
The Camp Hill, Pennsylvania-based company's August...
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Cisco To Acquire Privately-held Arch Rock; Terms Not Disclosed - Update
9/2/2010 9:47:08 AM Networking products maker Cisco Systems, Inc. (CSCO) on Thursday announced its intent to acquire privately-held Arch Rock Corporation, a provider of wireless network technology for smart-grid applications. The deal, whose terms were not disclosed, is expected to complement yesterday's announcement of...
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UTi Worldwide Q2 Profit Up; Beats Street View - Update
9/2/2010 9:41:04 AM Thursday, air delivery and freight services company UTi Worldwide Inc. (UTIW) reported a rise in second-quarter profit, driven by higher revenues as airfreight and ocean volumes registered a strong growth. Earnings per share came in above Street estimates, as did revenues.
UTi Worldwide's quarterly...
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Layne Christensen Posts Profit In Q2, Adj. EPS Tops View - Update
9/2/2010 9:32:11 AM Layne Christensen Co. (LAYN), a provider of drilling and construction services and products, Thursday reported a profit for the second quarter, compared to a loss last year, helped by higher revenues from its Water Infrastructure and Mineral Exploration segments. The results also reflect the non-recurrence...
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Sycamore Networks Swings To Q4 Profit - Update
9/2/2010 8:37:44 AM Bandwidth manager Sycamore Networks Inc. (SCMR) Thursday reported a profit for the fourth quarter, against a loss last year, driven by lower expenses and an increase in revenues.
Fourth-quarter net income was $0.52 million or $0.02 per share compared with a loss of $34.93 million or $1.23 per share...
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