Market News
Chevron (CVX)
Chevron announced that its Board of Directors declared a quarterly dividend of $0.68 cents per share, payable December 10, 2009 to holders of common stock as shown by the transfer records of the Company at the close of business November 18, 2009.
Nov 4 · 1:01:00 PM · Source: Reuters
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by Michael Oliveto
Molson Coors Brewing (TAP)
Molson Coors Wednesday said it earned $235.3 million, or $1.26 a share, in the third quarter, up from $171.3 million, or 92 cents a share, in the same quarter of 2008. On an adjusted basis, the company said it would have earned $1.14 a share, up from 93 cents. Revenue net of excise taxes came in at $854 million, down from $924 million as global volume fell almost 3%.
Nov 4 · 12:59:00 PM · Source: Company News
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by Larry Etter
Pulte Homes (PHM)
Pulte Homes said Wednesday it had a third quarter loss of $361.4 million, or $1.15 a share vs. a loss of $280.4 million, or $1.11 a share, in the year-ago quarter.
Nov 4 · 12:55:00 PM · Source: Company News Release
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by Larry Etter
Time Warner (TWX)
Time Warner said its net income fell to $662 million, or 56 cents per share, down 38% from a year earlier. Results included a charge of 5 cents per share. Revenue fell 6 percent to $7.1 billion
Nov 4 · 12:37:00 PM · Source: Company News Release
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by Larry Etter
Comcast (CMCSA)
Comcast said Wednesday it earned $944 million, or 33 cents per share, compared with $771 million, or 26 cents, in the same quarter a year earlier. Revenue was up 3 percent to $8.8 billion, slightly shy of the $8.85 billion analysts were forecasting.
Analysts were expecting earnings of about 25 cents per share.
Nov 4 · 12:33:00 PM · Source: Company News Release
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by Larry Etter
Cisco (CSCO)
Cisco may drop its 17.2 billion-krone ($3.04 billion) offer for Tandberg ASA as shareholders owning 24 percent of the Norwegian company press for a higher offer, said a person familiar with the transaction.
If Cisco is unable to get investors with 90% of Tandberg to approve its 153.50 kroner-a-share offer, it would strongly consider walking away, said the person who declined to be identified. Investors have until November 9 to accept the offer.
Nov 3 · 5:04:00 PM · Source: Bloomberg
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by Michael Oliveto
Costco (COST)
The Houston maker of the popular Chi filed a lawsuit this week against Costco Wholesale Corp., alleging it improperly sells the hairstyling tools, including counterfeit ones.
In the suit, filed in state district court, Farouk Systems alleges that the Issaquah, Wash., wholesale club is selling the flat irons for as little as $59.99, whereas they cost at least $100 in salons. In its suit, Farouk's lawyers said sometimes Chi products find their way to stores through a “diverted” market, or through improper distribution channels.
Nov 3 · 4:56:00 PM · Source: SA Business
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by Michael Oliveto
Capital One (COF)
Capital One Financial Corporation announced a quarterly dividend of $0.05 per share payable November 20, 2009 to stockholders of record as of November 11, 2009.
The company has announced dividends every quarter since it became an independent company on February 28, 1995.
Nov 3 · 4:51:00 PM · Source: Business Wire
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by Michael Oliveto
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