Month: August 2011

AOL Inc. ( AOL ) recently launched a new real estate search experience on AOL Real Estate that is powered by online real estate services provider Move, Inc. ( MOVE ). […]

In an attempt to reduce its share of offshore block in Brazil, Royal Dutch Shell Plc ( RDS.A ) is all set to sell its exploration asset in Santos Basin to local oil and natural gas company QGEP Participacoes SA. This is Shell’s second Brazilian offshore asset disposition deal in the last two months. Per the terms of the agreement, Shell, the current operator of the concession, will dispose its 30% stake in the BS-4 block for an undisclosed amount, and retain only a 10% interest. […]

On August 25, Hormel Foods Corporation ( HRL ) posted strong results for the third quarter of fiscal 2011 with an EPS of 36 cents compared with 32 cents in the corresponding period of fiscal 2010. The recorded EPS marginally surpassed the Zacks Consensus Estimate by a penny. […]

Tiffany & Company ( TIF ), a high-end jewelry designer, manufacturer and retailer, is scheduled to report its second-quarter 2011 financial results before the bell on Friday, August 26, 2011. The current Zacks Consensus Estimate for the quarter is 69 cents a share. For the quarter under review, revenue is $786 million, according to the Zacks Consensus Estimate […]

Patterson Companies Inc. ( PDCO ), a leading distributor of dental, veterinarian and rehabilitation medical supplies, posted first-quarter fiscal 2012 (ended July 30) earnings per share of 42 cents, below the Zacks Consensus Estimate of 44 cents and the year-ago earnings of 45 cents. Net income clipped 9.9% year over year to $48.6 million, hit by expenses associated with the Minnesota-based company’s Employee Stock Ownership Plan (“ESOP”) […]

The U.S. Energy Department's weekly inventory release showed that crude stockpiles fell unexpectedly as imports dropped, while gasoline and distillate both added to their supplies. […]

Gold miner Newmont Mining Corp. ( NEM ) announced that its mine in the northern Peruvian Andes was not damaged by the 7.0 earthquake that hit a remote Amazon region of Peru. Located high in the Andes Mountains of Peru, Yanacocha is the largest gold producer in Latin America. […]

Integrated waste management company Waste Management Inc. ( WM ) issued $500 million unsecured notes yielding 2.6% interest per year and maturing on September 1, 2016. The notes were offered at $99.991 (per $100.00 principal). […]

Immunomedics Inc. ’s ( IMMU ) fourth quarter fiscal 2011 (ended June 30) earnings of $0.03 surpassed the year-ago earnings of $0.01. […]

China Unicom ( CHU ), China's second largest mobile operator, announced first half 2011 results with earnings per share of RMB 0.113 ($0.17 per share) dropping 8.9% year over year. Adjusted net income fell 5.5% year over year to RMB 2.637 billion ($0.403 billion). The significant decline in profitability can be traced to high costs associated with 3G service deployments and network expansion. […]

On Wednesday, JPMorgan Chase & Co. ( JPM ) announced the redemption of variable maturity notes due 2025, having maturity value of $9 million. The notes, having their maturity date on March 3, 2025, command a redemption price of 100% of the total amount. […]

China’s dominant producer of offshore crude oil and natural gas, CNOOC Limited ( CEO ) reported robust first-half 2011 results. Net profit in the period increased 51.4% year over year to 39.343 billion yuan (US$6.01 billion), or 0.88 yuan per share ($13.44 per ADS), buoyed by strong oil price realizations and production growth (exchange rate: 1.00 yuan = US$0.1527, 1 ADS = 100 shares). Total revenue in the period was 97.54 billion yuan (US$14.89 billion), up 44.3% from the year-earlier level. […]

Recently, Shire ( SHPGY ) suffered a setback when it failed in its efforts to expand the label of Dermagraft, which is already marketed in the US for treating patients suffering from diabetic foot ulcers (DFUs). Shire was evaluating Dermagraft for treating patients suffering from venous leg ulcers (VLU). However, Dermagraft performed disappointingly in a late-stage pivotal trial (n>500) for the indication. […]

American Eagle Outfitters Inc . ( AEO ) recently reported second-quarter 2011 results. Earnings in the second quarter decreased to 10 cents per share from the year-ago earnings of 13 cents per share and missed the Zacks Consensus Estimate of 11 cents a share. […]