Month: August 2011

NCR Corp. ( NCR ) recently unveiled a comprehensive bill pay solution for the telecom companies operating in the Middle East and Africa (MEA). This new Self-Serv Bill Pay kiosk is vital for telecom operators seeking greater market share and increasing return on investments […]

T he largest U.S. aluminum producer, Alcoa Inc. ( AA ) and its partner, Ma’aden, a Saudi Arabian mining company, have begun construction of a joint venture rolling mill in Ras Az Zawr, Saudi Arabia […]

The St. Joe Company ( JOE ), a publicly held real estate company, reported a net loss of $13.3 million or 14 cents per share in second quarter 2011 compared with a net loss of $8.6 million or 9 cents in the year-earlier quarter. […]

Computer Sciences Corporation ( CSC ) reported first quarter 2012 earnings per share (EPS) of $1.18, exceeding the Zacks Consensus Estimate of 70 cents. Revenue The company’s first quarter 2012 revenues moved up 3.06% from year-ago quarter’s $3.91 billion to $4.03 billion. Business Solutions & Services (BSS), which have been identified as the growth platform, primarily boosted the revenues […]

Baxter International ( BAX ) reported second quarter adjusted (excluding one-time items) earnings per share of 1.07 cents, beating the Zacks Consensus Estimate of $1.02 cents, and surpassing the year-ago earnings of 93 cents. The results exceeded Baxter’s earlier guidance range of $1.01 to $1.03 for the second quarter. Among the positive factors, Baxter retains a strong product pipeline with several products in late-stage clinical development […]

Wonder Auto Tech nology Inc. ( WATG ) recently announced the appointment of Aijun Jiang as its Chief Financial Officer. […]

The Brazilian beer giant Companhia de Bebidas das America ( ABV ), aka AmBev , reported robust second-quarter 2011 earnings of R$0.59 or 36 cents per share, up 21% from prior-year earnings of R$0.49 or 30 cents a share. The growth was primarily attributable to price increases and stronger profit margins. Financial Details Net sale for the quarter grew 6.2% to R$5,811.6 million (US$3,585.2 million) compared with R$5.678.4 million (US$3,502.9 million) in the prior-year quarter […]

The U.S. Energy Department's weekly inventory release showed that crude, gasoline, and distillate stockpiles – all moved downwards, while refiners improved processing rates by 0.7%. […]

Ken Nagy, CFA For Arotech SWIPES Holds Promise Arotech Corporation is a defense and security products and services company, engaged in three business areas: interactive simulation for military, law enforcement and commercial markets; batteries and charging systems for the military; and high-level armoring for military and nonmilitary air and ground vehicles. ARTX has a very strong diversified revenue stream which cuts across both foreign and domestic military, municipalities, and private firms. In several of the business divisions the Company faces fragmented or often times no competition. […]

Ford Motor Co. ( F ) has recalled 1.1 million units of its popular F-150, F-250 and Lincoln Blackwood pickup trucks due to a problem with their gas tanks that could catch fire. The recall includes models manufactured between 1997 and 2004 […]

Wells Fargo & Co. ( WFC ) is said to have won a bid for a $1.4 billion U.S. commercial real estate loan portfolio of the Bank of Ireland ( IRE ), according to a Wall Street Journal report. […]

Thermo Fisher Scientific ( TMO ) is raising $2.1 billion to partly finance the acquisition of Phadia. The company will be issuing notes in two installments – $1 billion of 2.25% senior notes due 2016 (at an issue price of 99.826% of the principal amount) and $1.1 billion of 3.6% senior notes due 2021 (at an issue price of 99.809% of the principal amount). The issuance of the notes, that will close on August 16, 2011, will pay semi-annual interest […]

Avnet, Inc ( AVT ) reported a net income of $238.1 million or $1.54 per share in the fourth quarter of fiscal 2011, up 69.2% year over year. Adjusted net income was $189.4 million or $1.22 per share compared with a net income of $141.1 million or $0.92 per share in the year-ago quarter. The results surpassed Zacks Consensus Estimate of $1.15 and were towards the high end of the management’s guidance range of $1.10-$1.22 […]

Kohl’s Corporation ( KSS ) reported its operating earnings of $1.09 per share in the second-quarter 2011, beating the Zacks Consensus Estimate by a penny. The earnings however, surpassed the prior-year quarter earnings by 30%. Profits were largely driven by prudent expense management across many of Kohl’s stores. […]

Enbridge Energy Partners, L.P. ( EEP ) aims to construct a cryogenic natural gas processing plant at its Anadarko gas gathering system near Wheeler, Texas, to handle the mounting pressure in Granite Wash play. The partnership expects the plant to be operational by early 2013 […]

AT&T Inc. ’s ( T ) $1.93 billion pending acquisition of spectrum licenses from Qualcomm Inc. ( QCOM ) is facing regul atory hurdles […]