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United Capital Announces Preliminary Results of its Tender Offer; 3.6M Shares at $30/Share
Tuesday, July 26, 2011 - 8:36am | 177United Capital Corp. (NYSE: AFP) announced today the preliminary results of its tender offer to purchase up to 3,600,000 shares of its common stock at a price of $30 per share (net to the seller in cash, without interest), which expired at 5:00 p.m., New York City time, on July 25, 2011. Based on...
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UPDATE: 3M Reports In-Line Q2 Profit
Tuesday, July 26, 2011 - 8:12am | 623M Company (NYSE: MMM) reported a 3.4% rise in its second-quarter profit. 3M reported its quarterly earnings at $1.16 billion, or $1.60 per share, up from $1.12 billion, or $1.54 per share, in the year-ago period. Its revenue climbed 14% to $7.68 billion. Analysts were expecting earnings of $1.60...
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News Summary for July 26, 2011
Tuesday, July 26, 2011 - 7:59am | 562This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....
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US Stock Futures Flat Ahead Of Earnings, Economic Data
Tuesday, July 26, 2011 - 6:23am | 561US stock futures are flat this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average gained 1 point to 12,551.00 and S&P 500 index futures fell 0.50 points to 1,333.00. Nasdaq 100 futures dropped 0.25 points to 2,423.25. US stocks...
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Earnings Scheduled For July 26
Tuesday, July 26, 2011 - 4:47am | 507Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...
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Monday's Mid-Day Options Volume Leaders
Monday, July 25, 2011 - 12:11pm | 83Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 149,814 contracts, 83.3% calls, 16.7% puts 2. Apple Inc. (NASDAQ: AAPL) 124,287 contracts, 67.2% calls, 32.8% puts 3. Microsoft Corp. (NASDAQ: MSFT) 85,643 contracts, 40.6% calls, 59.4% puts 4. Baidu Inc. (NASDAQ: BIDU...
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J.P. Morgan Increases EPS Estimates On General Electric
Monday, July 25, 2011 - 9:28am | 56According to J.P. Morgan, General Electric (NYSE: GE), EPS estimates are revised. J.P. Morgan announced that it would maintain its Overweight rating on GE. PT is set to $22, and EPS estimates have increased from $1.37 to $1.39 in 2011, remaining the same in 2012 ($1.65) and 2013 ($1.95). GE...
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Goldman Sachs Reiterates Buy on General Electric
Monday, July 25, 2011 - 9:12am | 111Goldman Sachs is out with its report today on General Electric (NYSE: GE), reiterating Buy. In a note to clients, Goldman Sachs writes, "We reiterate our Buy rating following solid 2Q results, orders, and outlook that reinforced our view that (1) GE's very-late-cycle Industrial portfolio is...
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Textron Systems' Common Unmanned Surface Vessel Excels During SUMMIT Demonstration
Monday, July 25, 2011 - 9:07am | 155Textron Systems Advanced Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that its Common Unmanned Surface Vessel successfully completed the Supervision of Unmanned Vehicles Mission Management by Interactive Teams (SUMMIT) demonstration sponsored by...
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Citi Reiterates Buy on General Electric
Monday, July 25, 2011 - 8:38am | 101Citi is out with its report today on General Electric (NYSE: GE), reiterating Buy. In a note to clients, Citi writes, "The minor grumblings we heard about the 2Q earnings quality was that lower loss provisions added roughly 3c vs our estimates. Overall results support our view that GE is an...
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Sterne Agee Reiterates Buy on General Electric, Adjusts PT to $24
Monday, July 25, 2011 - 8:31am | 61Sterne Agee reiterated its Buy rating on General Electric (NYSE: GE). At the same time, the rating agency slightly adjusted its price target on the company's stock to $24. On Friday, GE lost 0.63% of its value to finish the day at $19.04. Its shares continued to fall in today's pre-market trading,...
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Earnings Expectations for the Week of July 25
Sunday, July 24, 2011 - 9:40am | 1439The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...
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NBCUniversal to Commence Registered Exchange Offer of up to $9.1B
Friday, July 22, 2011 - 3:23pm | 90NBCUniversal Media, LLC today announced the commencement of a registered exchange offer to issue up to $9.1 billion aggregate principal amount of new Senior Notes in exchange for a like principal amount of the Senior Notes issued in April and October 2010 in connection with the joint venture...
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Corning Earnings Preview: Analysts Expect Flat EPS, Rising Revenue Over Previous Quarter
Friday, July 22, 2011 - 12:40pm | 574Corning (NYSE: GLW) announces its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's essential guide to Corning's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of 47 cents per share and revenues of $1.97 billion. Wall Street will be looking...
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News Summary for July 22, 2011
Friday, July 22, 2011 - 7:50am | 612This is your Benzinga news summary and traders' outlook for Friday, July 22, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher following the approval of a deeper Greek rescue plan. The U.S. dollar...