Month: November 2012

Mergers & Acquisitions

River Advice and International Shipping Partners Establish the World’s Leading Passenger Ship Management Company

November 1, 2012 0

River Advice and International Shipping Partners Establish the World’s Leading Passenger Ship Management Company PR Newswire BASEL, Switzerland and MIAMI, November 1, 2012 BASEL, Switzerland and MIAMI , November 1, 2012 /PRNewswire/ — – FleetP ro Passenger Ship Management (“Fleet P ro”) will commence operation on November 1 st , 201 2 , and be the leading independent manager of passenger sh ips with a worldwide operation in both the ocean g oing and river vessel markets. FleetPro results from the combination of River Advice with 1250 employees and 35 river cruise vessels under management in Europe , the market leader in river cruise vessel management, and of International Shipping Partners which manages 20 passenger vessels, mainly in the luxury expedition sector of the industry, operating with 1100 shore and ship-based personnel as the leading independent manager of small and medium size ocean going cruise ships. FleetPro will be headquartered in Zug / Switzerland , maintaining the existing operations of River Advice in Basel / Switzerland and International Shipping Partners in Miami / Florida […]

Stock Analysts

GM Beats but Profit Falls (F) (GM)

November 1, 2012 0

General Motors Company ( GM ) posted a 9.7% fall in earnings to 93 cents per share (excluding special items) in the third quarter of the year from $1.03 in the corresponding quarter a year ago. However, earnings per share in the quarter far exceeded the Zacks Consensus Estimate of 61 cents. Total profit ebbed 5.9% to $1.6 billion from $1.7 billion a year ago. […]

Stock Analysts

AGCO Lags, Cuts View due to Drought (AGCO)

November 1, 2012 0

AGCO Corporation ’s ( AGCO ) third-quarter 2012 adjusted and reported earnings were 96 cents per share, compared to the year-ago quarter’s adjusted as well as reported earnings of 87 cents. Earnings missed the Zacks Consensus Estimate of $1.01 per share. Total revenue rose 9.3% year over year to $2.3 billion, falling short of the Zacks Consensus Estimate of $2.4 billion. […]

Stock Analysts

AmBev Posts Robust 3Q (ABV) (FMX) (TAP)

November 1, 2012 0

Brazilian beer giant, Companhia de Bebidas das America ( ABV ), also known as AmBev , reported robust third-quarter 2012 normalized earnings of R$0.81 per share, substantially beating the prior-year quarter’s earnings of R$0.53 a share by 52.6%. The results were primarily driven by solid top-line performance, improved margins and lower tax rate. Moreover, in the U.S […]

Stock Analysts

Barclays Disappoints in 3Q (BAC) (BCS)

November 1, 2012 0

Barclays PLC ( BCS ) reported net operating income of £6,047 million ($9,551 million) for third quarter 2012 (ended September 30, 2012). This reflects a decline of 3.8% from net operating income of £6,238 million ($9,853 million) reported in the prior quarter. Huge statutory losses were the primary reason behind the poor financial performance, which was partly offset by lower operating expenses […]

Stock Analysts

Strong 3Q for US Ecology, Ups View (CLH) (ECOL) (WM)

November 1, 2012 0

US Ecology, Inc. ( ECOL ) reported adjusted earnings per share (EPS) of 44 cents (excluding special items) in third quarter 2012, up 33% year over year and way ahead of the Zacks Consensus Estimate of 28 cents. Including non-cash gains on foreign currency translation and business development costs, EPS in the reported quarter came in at 47 cents […]

Stock Analysts

Economic Data Deluge Today (ADP) (PFE) (XOM)

November 1, 2012 0

We have a flood of economic and earnings reports this morning, but the focus will be on the labor market today ahead of the October non-farm payroll report coming out tomorrow. This morning’s weekly Jobless Claims data is broadly in-line with expectations, while the private-sector jobs reading from payroll processor Automatic Data Processing ( ADP ) appears quite reassuring. […]