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Travelers (TRV)
Travelers declared a regular quarterly dividend in the amount of $.33 per share payable December 31, 2009 to shareholders of record on December 10, 2009, ex-dividend date December 8, 2009.
At today's $50.85 stock price the dividend yield is 2.60%.
Dec 7 · 4:16:00 PM
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by Rich Pike
Boeing (BA)
Boeing's long-delayed new Dreamliner 787 will fly twice by year's end, The Seattle Times reports.
The newspaper reported Friday a source, described only as a person close to the program, said the first flight is targeted for Dec. 18. and a second plane is to be flown 10 days later. The Dreamliner's delivery dates have been pushed back for more than two years, costing money and eroding confidence in the company.
Dec 7 · 4:13:00 PM · Source: iStockAnalyst
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by Michael Oliveto
Amazon (AMZN)
Amazon has officially denied reports that it has plans to open "physical" stores anywhere in the world.
The response comes after rumors that the company was planning on opening high street shops in Britain.
Dec 7 · 4:10:00 PM · Source: Investors.com
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by Michael Oliveto
Amgen (AMGN)
Amgen announced that its Board of Directors has authorized repurchases of up to an additional $5 billion in Amgen common stock.
Amgen currently has approximately $1.2 billion remaining under its previous stock repurchase authorization.
Dec 7 · 4:07:00 PM · Source: Reuters
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by Michael Oliveto
Abbott Labs (ABT)
Abbott’s Ibis technology for detecting and characterizing a vast array of microorganisms has been named one of the top innovations in 2009 by The Scientist magazine.
Abbott’s Ibis system (now marketed under the PLEX ID trade name) was recognized for the honor, in part, because it is designed to detect and characterize a broad range of microorganisms in a given sample, including viruses, bacteria and fungi.
Dec 7 · 2:51:00 PM · Source: PR USA
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by Michael Oliveto
Apple (AAPL)
Apple is in talks to buy online music company Lala Media Inc., according to two people with knowledge of the situation, possibly signaling an expansion of the Company's music strategy.
Terms could not be learned.
Dec 7 · 2:42:00 PM · Source: Reuters
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by Michael Oliveto
Marvell (MRVL)
Marvell reported a third-quarter profit of 35 cents a share, on sales of $803.1 million. One year ago, Marvell reported earnings of 23 cents a share on $791 million in sales. Marvell forecasts it will earn between 33 cents and 39 cents a share in fourth quarter, excluding one-time items, with sales in range of $820 million to $850 million.
Marvell makes chips for a wide variety of products, including Western Digital's hard drives and Research in Motion's BlackBerry smartphones. The company said it has seen improved demand across its entire portfolio.
Dec 4 · 5:02:00 PM · Source: CNBC.com
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by Rich Pike
Reynolds American (RAI)
Townhall.com is reporting that Reynolds is offering buyouts to about 1,800 workers at its North Carolina factories to cut costs. Reynolds spokeswoman Jan Smith says there are other productivity improvements and cuts it could make in manufacturing, depending how many employees take the buyout, which includes severance pay.
Here is another sign that the unemployment rate is going to have trouble improving as another company announces plans to cut back. In the long run this is good for Reynolds' stock as they make sure they reduce costs as much as possible considering cigarette sales are declining.
Dec 4 · 3:45:00 PM · Source: Townhall.com
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by Rich Pike
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