Month: August 2011

Ian Gilson, CFA Augme Technology to acquire Hipcricket. On August 3, 2011 Augme ( AUGT ) entered into an Asset Purchase Agreement with Hipcricket Inc. to acquire Hipcricket and assume certain liabilities to be determined at the closing of the deal […]

Bank failures continue unabated as the U.S. regulators closed down two more banks in Illinois and Washington last Friday. […]

Magna International Inc. ( MGA ) posted a decrease in profit to $272 million or $1.11 per share in the second quarter of the year from $315 million or $1.39 per share in the prior-year quarter (all excluding unusual items). […]

Tyson Foods Inc. ( TSN ) reported its third-quarter 2011 adjusted earnings of 56 cents a share, surpassing the Zacks Consensus Estimate of 40 cents. Profits were driven by higher sales as well as strong performance in all the segments, particularly Beef and Pork segments. […]

Dynegy Inc. ( DYN ) reported second quarter adjusted loss of 31 cents per share ($38 million) lower than the Zacks Consensus loss estimate of 47 cents. However, the company had incurred a loss of only 24 cents ($29 million) in the prior-year period […]

Energy-focused engineering and construction company McDermott International ( MDR ) has reported mixed second quarter 2011 earnings following improved sales and higher operating costs. The company reported earnings per share from continuing operations of 27 cents in the quarter, lagging the Zacks Consensus Estimate of 32 cents and deteriorating 20.6% from 34 cents earned in the prior-year quarter. The underperformance can be attributed to weaker marine operations in the Middle East business unit […]

One of the big fears is that the S&P downgrade will cause the interest that the U.S. has to pay on its bonds to skyrocket. […]