Month: August 2011

Time Warner Cable Inc . ( TWC ) reported strong financial results for second-quarter 2011. […]

Watching TV programs on tablets has become a reality. In a significant move yesterday, Cablevision Systems Corp. ( CVC ) and Viacom Inc. […]

Despite the global economic unrest and declining sheen in the stock market on account of the recent phone hacking scandal in the U.K. that resulted in the closure of the publication of News of the World and abstinence from acquiring the remaining 61% stake in the British Sky Broadcasting Group, News Corporation ( NWSA ) posted fourth-quarter 2011 financial results that beat Zacks' expectations. Rupert Murdoch-controlled News Corporation’s quarterly earnings of 35 cents a share came ahead of the Zacks Consensus Estimate of 29 cents, and rose 6.1% from 33 cents earned in the year-ago quarter […]

The extreme volatility and sharp market downturn reflects a worst-case scenario for the U.S. economy. Granted, the recent run of economic reports has been on the weak side and the odds of a recession have increased, but there is more positive momentum in the data than the sell-off is making us believe. […]

Recently Oman Oil Refineries and Petroleum Industries (Orpic), owned by the Government of the Sultanate of Oman, selected technologies of both UOP LLC, a Honeywell International Inc. ( HON ) company, and Foster Wheeler AG ( FWLT ), for its refinery in Sohar, Oman. […]

Gold miner Kinross Gold Corporation ( KGC ) reported record adjusted net income of $226.5 million or $0.20 per share in the second quarter of 2011, above last year’s $111.4 million or $0.16 per share, outpacing the Zacks Consensus Estimate of $0.16. GAAP net earnings were $247.4 million or $0.22 per share in the second quarter of 2011 compared with $110.4 million, or $0.16 per share in the prior-year quarter. Quarterly revenues leaped 42% to $987.8 million, driven by strong performance at all operations, notably Kupol, Maricunga, and Fort Knox amid continuing strong gold prices […]