Month: July 2011

Stock Analysts

IFF Raises Quarterly Dividend (IFF)

July 27, 2011 0

New York based International Flavors & Fragrances Inc.’s ( IFF ) Board of Directors approved a 15.0% hike in the company’s quarterly dividend rate. The revised quarterly rate now stands at 31 cents per common share compared with 27 cents previously, resulting in an annual rate of $1.24 per common share. The revised dividend will be paid on October 5, to shareholders as of the close of business on September 21 […]

Stock Analysts

Earnings Preview: Starbucks (MCD) (SBUX)

July 27, 2011 0

Starbucks Corporation ( SBUX ), one of the world’s leading roasters and retailer of specialty coffee, is scheduled to report its third-quarter 2011 financial results on Thursday, July 28, 2011. The current Zacks Consensus Estimate for the quarter is pegged at 34 cents a share. The Zacks Consensus Estimate projects revenues for the quarter to be $2,850 million. […]

Scholastic Reports 2010 Progress Toward Industry-Leading 2012 Goals for Use of FSC-Certified and Recycled Paper

July 27, 2011 0

Scholastic Reports 2010 Progress Toward Industry-Leading 2012 Goals for Use of FSC-Certified and Recycled Paper Company Now Produces All Scholastic Book Club School Catalogs on FSC-Certified Paper and is Raising the 2012 Goal for FSC-Certified Paper from 30% to 35% PR Newswire NEW YORK, July 27, 2011 NEW YORK , July 27, 2011 /PRNewswire/ — Scholastic Inc., the global children’s publishing, education and media company, today announced that continued progress has been made toward the company-wide goal of strengthening its sustainable paper procurement practices and increasing the percentage of Forest Stewardship Council (FSC) certified and post-consumer waste (PCW) recycled paper purchased. In January of 2008, Scholastic announced goals for 2012 to increase its purchase of FSC-certified paper for its publications to 30% and its use of recycled paper to 25%, of which 75% would be post-consumer waste. Having made significant gains toward the FSC goal, Scholastic today said it will increase its goal for 2012 from 30% to 35% of all paper purchased. […]

Mergers & Acquisitions

Tray e-commerce Platform Acquires SuperPay, an Electronic Payments Company

July 27, 2011 0

Tray e-commerce Platform Acquires SuperPay, an Electronic Payments Company Transaction is the first strategic move towards assembling a full e- commerce operation in Brazil PR Newswire SAO PAULO, July 27, 2011 SAO PAULO , July 27, 2011 /PRNewswire/ — Tray ( www.tray.com.br ), the largest e-commerce platform in Brazil serving an average of more than 4,500 stores, announces the acquisition of “payment gateway” SuperPay ( www.superpay.com.br ). In addition to the transaction, Tray reports that US$ 2 million will be invested initially for the development of new tools, integration interfaces, security, connectivity and marketing. Tray’s CEO, Walter Leandro Marques , explained that Tray, through its parent company, InventPar, acquired 80% of ERnet, creator of the SuperPay “payment gateway.” Besides maintaining and improving services to existing Super Pay customers, the strategy is to extend these excellent services to Tray’s clients, expanding the array of e-commerce products on the portfolio and enhance the group’s professional staff. […]

Stock Analysts

Capella Beats on Bottom Line (APOL) (CNLA) (STRA)

July 27, 2011 0

Capella Education Company ( CNLA ), the provider of online education, recently delivered better-than-expected second-quarter 2011 results. The quarterly earnings of 89 cents a share beat the Zacks Consensus Estimate of 90 cents, and grew 25.1% from 76 cents earned in the prior-year quarter. Behind the Headline Total active enrollment dropped 1.5% to 38,072 during the quarter […]

Stock Analysts

Panera Tops by a Penny (CMG) (PNRA)

July 27, 2011 0

Panera Bread Co. ( PNRA ) recently posted second quarter 2011 earnings of $1.18 per share, surpassing the Zacks Consensus Estimate by a penny. Reported earnings also outpaced the prior-year quarter earnings of 85 cents per share. […]