Month: September 2011

NCR Corp. ( NCR ) has recently offered its self-service checkout solution to Tesco plc. Financial details of the deal were not divulged […]

We reiterated our Neutral recommendation on Total System Services Inc. ( TSS ), the global electronic payment processor and merchant acquirer, based on the current sustainability factor. The company reported second-quarter operating earnings of 28 cents per share, which came in a penny higher than the Zacks Consensus Estimate of 27 cents and climbed from 25 cents per share in the year-ago quarter. […]

Edwards Lifesciences Corporation ( EW ) recently announced a new share repurchase program worth $500 million. At the end of the second quarter of fiscal 2011, the company was left with $240 million of authorization. […]

Berkshire Hathaway Inc. ( BRK.A ) ( BRK.B ) has completed the timely acquisition of The Lubrizol Corp., a chemical company headquartered in Ohio. The acquisition will cost the comp any $9.7 billion, at $135 per share. […]

Lennar Corporation ( LEN ) reported net earnings of $20.7 million or 11 cents per share in the third quarter of fiscal 2011 ended August 31, 2011, compared with $30.0 million or 16 cents per share in the year-ago quarter. Reported earnings were in line with the Zacks Consensus Estimate of 11 cents per share. Total revenue in the quarter dropped 1% year over year to $820.2 million, due to poor performance across all the company’s reporting segments, except Rialto Investments. […]

Miami-based Carnival Corporation ( CCL ) is slated to release its third quarter 2011 earnings results on September 20, before the opening bell. Carnival expects earnings in the range of $1.60–$1.64 per share. The Zacks Consensus Estimate for the third quarter is pegged at $1.63, reflecting a 0.94% decline year over year and within the guidance range […]

BMC Software Inc. ( BMC ) announced that China Pacific Insurance Co. […]

Leading healthcare products maker Covidien plc ( COV ) has announced its plans to set up a research and development (R&D) center in China, its first in the world’s second largest economy. The center will focus on developing breakthrough products, helping physicians to improve healthcare offerings to people in China and other emerging markets in Asia. […]

The second largest U.S. airline Delta Air Lines Inc. ( DAL ) will start codesharing its flights with Virgin Australia on the trans-Pacific route from November […]

The Earnings Picture Second quarter earnings season is over; the attention now shifts to the third quarter. With the exception of a handful of financials, most notably Bank of America ( BAC ), which had a $12 billion negative swing in net income from last year, this has been another great earnings season. […]

Rent-A-Center Inc. ( RCII ) is one of the largest rent-to-own operators in the U.S. […]