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Costco Wholesale Corporation Announces Expansion of Its Stock, Buy Back Up to $4B Shares, Boosts Dividend to $0.24 (COST)
Tuesday, April 26, 2011 - 3:45pm | 100Costco Wholesale Corporation (NASDAQ: COST) today announced that its Board of Directors has approved a common stock repurchase program of up to $4 billion. This program will expire in April 2015 and replaces the existing program, which has unused authorization of approximately $800 million, which...
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ESRX 1Q11 Non-GAAP EPS Below Morgan Stanley Estimate
Tuesday, April 26, 2011 - 8:09am | 98Express Scripts Inc. (NASDAQ: ESRX) reported 1Q11 non-GAAP EPS of $0.66 below MS' $0.70 and consensus' $0.69, Morgan Stanley reports. “Results were driven be a decline in script count, down 5.2 million or 2.7% sequentially and down 0.3% y/y,” Morgan Stanley writes. “Previously announced contract...
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Jefferies Maintains Rating, PT On BXP
Tuesday, April 26, 2011 - 7:57am | 122Jefferies is maintaining its Hold rating and $93 price target on Boston Properties (NYSE: BXP) in light of the company's announcement that it plans to sell its Princeton portfolio. In the report, Jefferies writes, “BXP announced on April 25th that it will sell its Princeton portfolio for $468M....
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Top 10 largest companies in the US based on the number of workers- Top Employers
Monday, April 25, 2011 - 7:20am | 175310. Bank of America Corporation (NYSE:BAC) Worldwide Employees- 288,062 Mkt cap- 124.59B Brian T. Moynihan- President, Chief Executive Officer Charles H. Noski- Chief Financial Officer Related companies: Citigroup Inc (C), Wells Fargo & Company (WFC), JPMorgan Chase & Co (JPM) Bank of...
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Top 10 Stocks to Sell Now- NJ, MFG, WMT, TGT, BP, CSCO, TM, SNE, S and PC
Tuesday, April 19, 2011 - 6:31am | 1390Mitsui & Co. Ltd (MITSY)- Mkt cap- 30.59B, P/E- 7.61, Div/yield- 2.45/1.21, EPS- 43.94 Competitors- Itochu Corporation (ITOCY), Marubeni Corp (MARUY), SUMITOMO CORPORATION (SSUMY)- Shoei Utsuda- Chairman of the Board , Masami Iijima- President, Chief Executive Officer, Junichi Matsumoto-...
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CEOWORLD Daily Business Roundup- BP, GS, GM, RIMM, YHOO, TXN, IBM, YHOO, C, INTC, WMT, AAPL…
Tuesday, April 19, 2011 - 5:16am | 1509BP plc (BP)- The Gulf Coast Claims Facility, established last August with $20 billion in seed money from BP, said it has approved 300,000 claims from businesses and individuals hurt by the spill, out of approximately 857,000 claims submitted. Poor trading results are likely to hurt Goldman Sachs...
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Walmart Announces Acquisition of Social Media Company Kosmix
Monday, April 18, 2011 - 12:02pm | 63Wal-Mart Stores, Inc. (NYSE: WMT) today announced it has signed a definitive agreement to acquire Kosmix, underscoring its commitment to social and mobile commerce. Kosmix, based in Mountain View, Calif., has developed a social media technology platform that filters and organizes content in social...
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Good News for Big Lots; Good News for Dollar Stores? (BIG, DLTR, DG, FDO, NDN, WAL)
Monday, April 18, 2011 - 8:22am | 391Big Lots (NYSE: BIG) posted a record income for Q4 last year, in which the net income totaled $222.5 million, or $2.83 per diluted share, compared to $200.4 million, or $2.42 per diluted share, in the prior year. Following good profit results, last Friday Big Lots announced changes in its...
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Mythbusting: Are small cap stocks as risky as they appear?
Friday, April 15, 2011 - 4:11pm | 1149Mythbusters With episodes like, cannonball of cheese, boomerang bullet, and exploding turkey, Mythbusters is definitely one of the craziest shows on TV. Crashing vehicles, falling dummies, and lots (and lots) of things blowing up - it's no wonder this show is extremely popular...
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PREVIEW: Initial and Continuing Claims to be Reported at 8:30am 4/14/11 (WMT, JWN)
Thursday, April 14, 2011 - 7:29am | 268The U.S. Department of Labor will release its report of initial and continuing jobless claims for the week ending April 9th and continuing jobless claims for the week ending April 2nd today at 8:30am EST. Initial and Continuing Jobless Claims Summary: Initial Claims for w/e April 9: Expected 3....
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Retail Stocks Trade Higher Despite Early Market Decline
Tuesday, April 12, 2011 - 9:09am | 227This morning the major stock market indexes are trading lower across the board. The decline is very broad based as most leading sectors including technology, and energy, are trading lower. There is one sector that is posting green on the screen and that is the retail sector. The Retail Holders...
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Market Waits for First Round of Earnings 04-11-2011
Monday, April 11, 2011 - 3:51pm | 1005Cusick's Corner This is the week that the market gets to focus on corporate earnings (with some high expectations) and not on headlines like the EU debt crisis or tectonic shifts in Asia. This does not mean that the prospect of market volatility has increased -- as you can see from the anemic...
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Brian Sozzi Thinks Wal-Mart's Credit Rating Is At Risk (WMT)
Monday, April 11, 2011 - 9:39am | 57Brian Sozzi of Wall Street Strategies tweeted that he thinks Wal_Mart's (NYSE: WMT) credit rating is at risk. Sozzi said this view is strengthened by the newest debt offering. Shares of Wal-Mart are up 9 cents to $52.63 in early Monday trading.
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Benzinga's Top Downgrades (MASI, BKE, TGT, COST)
Friday, April 8, 2011 - 7:10am | 132Masimo Corporation (NASDAQ: MASI) was downgraded by BMO Capital from "outperform" to "market perform." MASI's shares closed at $34.11 yesterday. Masimo's trailing-twelve-month revenue is $405.41 million. KeyBanc downgraded Buckle Inc (The) (NYSE: BKE) from “buy” to “hold.” BKE's stock closed at $...
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A Peek Into The Market Before The Trading Starts
Friday, April 8, 2011 - 6:37am | 391Pre-open movers US stock futures are higher this morning. Oil prices surged above $111 a barrel. Futures on the Dow Jones Industrial Average rose 43 points to 12,394.00 and S&P 500 index futures surged 5.50 points to 1,334.00. Futures on the Nasdaq 100 gained 6 points at 2,335.25. A Peek Into...