Month: November 2013

Mergers & Acquisitions

IntercontinentalExchange and NYSE Euronext Announce Preliminary Shareholder Merger Consideration Election Results

November 1, 2013 0

IntercontinentalExchange and NYSE Euronext Announce Preliminary Shareholder Merger Consideration Election Results PR Newswire ATLANTA and NEW YORK, Nov. 1, 2013 ATLANTA and NEW YORK , Nov. 1, 2013 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), today announced the preliminary results of the elections made by shareholders of NYX regarding their preference as to the form of merger consideration they will receive in connection with ICE’s pending acquisition of NYX, which is currently expected to be effective within two business days after receipt of the final regulatory approvals, which ICE and NYX expect to receive in the coming days […]

Stock Analysts

MGM Resorts Beats on Both Earnings & Revs

November 1, 2013 0

MGM Resorts International ’s ( MGM ) third-quarter 2013 adjusted earnings of 2 cents per share comprehensively beat the Zacks Consensus Estimate of a loss of 3 cents as well as the prior-year quarter loss of 23 cents per share. The better-than-expected bottom-line performance can be attributed to an improved top line. However, on a reported basis, MGM Resorts posted a loss of 7 cents per share compared with a net loss of 37 cents per share in the prior-year quarter. […]

Stock Analysts

ITT Q3 Earnings Beat Estimates

November 1, 2013 0

ITT Corporation ( ITT ) reported third quarter 2013 earnings per share of 54 cents, which were 11.1% above the Zacks Consensus Estimate of 48 cents. Earnings were up 21% year over year. Profits during the quarter were driven by strong performance in high-growth energy, transportation and industrial end markets […]

Stock Analysts

Trimble Beats on Q3 Earnings

November 1, 2013 0

Trimble Navigation ’s ( TRMB ) third-quarter 2013 earnings of 36 cents exceeded the Zacks Consensus Estimate by 3 cents. Revenues Trimble’s third-quarter revenues of $556.5 million were down 3.4% sequentially but up 10.3% year over year and at the lower end of the guided range of $555 million–$565 million. […]

Stock Analysts

AmBev Reports Weak Q3 Earnings

November 1, 2013 0

Brazilian beer giant Companhia de Bebidas das America ( ABV ), also known as AmBev , posted weak third-quarter 2013 earnings driven by a rise in input costs and operating expenses. Normalized earnings per share of R$0.73 was down 7.6% from the prior-year quarter figure of R$0.79. […]

Stock Analysts

Enterprise Lags on Earnings & Revenues

November 1, 2013 0

Midstream energy service provider, Enterprise Products Partners L.P. ( EPD ) reported third-quarter 2013 earnings per limited partner unit of 64 cents, missing the Zacks Consensus Estimate of 67 cents and deteriorating from the year-ago quarter profit of 68 cents. Higher quantum of expenses and weak performance by the Petrochemical & Refined Products Services segment can be traced to the underperformance […]

Max Keiser

Inside Bank of England vaults: Trash & corpses

November 1, 2013 0

[youtube 3Cm_yQ4ATUI] Watch the full Keiser Report episode 518 on Saturday! In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss gutter oil and gutter debt providing the same toxic function. They also ask whether if snooker table sized properties are being sold in London then should World Snooker champion, Ronnie O’Sullivan, head the British economy? In the second half, Max interviews journalist and anti-bondholder bailout activist, Diarmuid O’Flynn about taking a stance against bailing out unsecured bondholders in Ireland. […]