Market News

Nordstrom (JWN)

Nordstrom, Inc. Thursday today reported a 6.5 percent increase in same-store sales for the four-week period ended October 31, 2009 compared with the four-week period ended November 1, 2008. Preliminary total retail sales of $607 million for October 2009 increased 14.8 percent compared with total retail sales of $529 million for the same period in fiscal 2008.

Nov 5 · 1:46:00 PM · Source: Company News
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by Larry Etter

Saks Incorporated (SKS)

Saks Incorporated Thursday said that owned sales totaled $219.8 million for the four weeks ended October 31, 2009 compared to $216.0 million for the four weeks ended November 1, 2008, a 1.8% increase. Comparable store sales increased 0.7% for the month

Nov 5 · 1:44:00 PM · Source: Company News
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by Larry Etter

IBM (IBM)

IBM Corporation announced a strategic agreement for IBM to transform and manage the information technology (IT) infrastructure of QBE's UK and Western European offices.
The partnership underpins a major change program at QBE and covers the development and maintenance of QBE's IT support services including Helpdesk, Desktop, Data Centre, LAN, WAN and Disaster Recovery.

Nov 5 · 1:44:00 PM · Source: Reuters
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by Michael Oliveto

IBM (IBM)

IBM board of directors declared a regular quarterly cash dividend of $0.55 per common share, payable December 10, 2009 to stockholders of record November 10, 2009.
With the payment of the December 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

Nov 5 · 1:41:00 PM · Source: Business Wire
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by Michael Oliveto

Alcoa (AA)

Alcoa said Thursday that funding has been approved for the complete repair and refurbishment of its 50,000-ton forging press at the company’s Cleveland Works.
The project will help make the Cleveland Works operation a premier producer of large aluminum and titanium forgings for the defense, aerospace and industrial markets.

Nov 5 · 1:41:00 PM
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by Larry Etter

Kohl's (KSS)

Kohl’s Corporation today reported today that total sales for the four-week month ended October 31, 2009 increased 4.9 percent from the four-week month ended November 1, 2008. On a comparable store basis, sales increased 1.4 percent for the month of October.

Nov 5 · 1:40:00 PM · Source: Company News
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by Larry Etter

J.C. Penney (JCP)

J. C. Penney Company, Inc. Thursday reported comparable store sales for the four-week period ended Oct. 31, 2009, decreased 4.5 percent, In last year’s October period, comparable store sales decreased 13 percent. Total Company sales in October decreased 3.5 percent.
The sales topped company guidance.

Nov 5 · 1:35:00 PM · Source: Company News
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by Larry Etter

Honeywell (HON)

Honeywell International announced that it has declared a regular quarterly dividend of $0.3025 per share on the Company's outstanding common stock.
The dividend is payable on December 10, 2009 to shareowners of record at the close of business on November 20, 2009.

Nov 5 · 1:28:00 PM · Source: Reuters
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by Michael Oliveto


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