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Stocks rise as investors sort through mixed earnings; Apple scores but Yahoo falls short.
Tuesday, July 20, 2010 - 5:45pm | 533Seth Sutel and Bernard Condon, AP Business Writers, On Tuesday July 20, 2010, 5:04 pm NEW YORK (AP) -- Investors are trying to get a read on the economy using earnings reports. They're finding... [[ This is a content summary only. Visit my website for full links, other content, and more...
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US Stock Futures Point To Weak Markets Today
Tuesday, July 20, 2010 - 8:48am | 212US stock futures fell today after results of IBM (NYSE: IBM) and Texas Instruments (NYSE: TXN) fell short of expectations. While futures on the Down Jones industrial average fell 70 points to 9990, those on the S&P 500 lost 8.3 points to 1055.5. Meanwhile, Nasdaq 100 futures slipped 14.75...
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ITW Q2 Earnings Miss Consensus; Revenue Beats Targets
Tuesday, July 20, 2010 - 8:18am | 77Illinois Tool Works (NYSE: ITW) has reported its Q2 EPS $0.83, as compared to the consensus of $0.84. The company’s Q2 revenue came in at $4.08 billion, beating the Street view of $4.02 billion. Illinois Tool Works has projected its EPS for the third quarter at $0.72-$0.84 and revenue growth of 9%-...
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SPX Awarded $41M Contract
Tuesday, July 20, 2010 - 8:16am | 121SPX Corporation (NYSE: SPW) today announced that its Thermal Equipment and Services segment has been awarded a contract valued at approximately $41 million to design, manufacture and supervise the construction and commissioning of two new air cooled condenser dry cooling systems for the Riyadh PP11...
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Timken Announces Acquisition to Extend Its Process Industries Portfolio (TKR)
Monday, July 19, 2010 - 9:21am | 56The Timken Company (NYSE: TKR) today announced it has agreed to acquire the business of QM Bearings and Power Transmission, Incorporated, based in Ferndale, Washington. QM manufactures spherical roller bearing steel housed units and elastomeric and steel couplings used in demanding processes such...
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A Look Ahead at Earnings Next Week
Friday, July 16, 2010 - 2:23pm | 970With the S&P 500 grasping at 1070, and yet another "90% day" as the student body has run back to the left ("risk off" stampede), let's take a look ahead at the key reports next week; both for the greater market and what we have our eyes on. The next 3 weeks are the heart of the earnings season...
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Romi Comments on Conditions to Expired Tender Offer for Hardinge (HDNG)
Friday, July 16, 2010 - 8:44am | 72Industrias Romi S.A. ("Romi"), a leading global manufacturer of machine tools, today stated that, as previously announced, Romi's tender offer to acquire all of the outstanding shares of Hardinge Inc. (NASDAQ: HDNG) ("Hardinge") expired at 5:00 p.m., New York City time, on July 14, 2010. At such...
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Ingersoll-Rand Expects To Exceed Its Q2 Guidance
Friday, July 16, 2010 - 7:23am | 101Ingersoll-Rand plc (NYSE: IR), a world leader in creating and sustaining safe, comfortable and efficient environments, today announced that it expects to report second quarter 2010 earnings per share (EPS) from continuing operations in the range of $0.74 to $0.76 per share, including restructuring...
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Caraco Pharmaceutical Laboratories, Ltd. Receives Notice Regarding NYSE Amex Continued Listing Standards
Thursday, July 15, 2010 - 10:53am | 119Caraco Pharmaceutical Laboratories, Ltd. (NYSE Amex: CPD) announced that on July 12, 2010, NYSE Amex notified the Company that it was not in compliance with the requirement under its continued listing standards that its audit committee be comprised of three independent members. On July 9, 2010, the...
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Panasonic's Sanyo To Sell Its Chip Unit To ONNN
Thursday, July 15, 2010 - 7:46am | 137TOKYO (AP) -- Panasonic's Sanyo Electric Co. signed a $366 million deal to sell its chip unit to ON Semiconductor Corp (NASDAQ: ONNN), allowing the U.S. manufacturer to expand its business in the Japanese market, the companies said Thursday. Under the agreement, ON acquires Sanyo's chip subsidiary...
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Jefferies & Co. Maintain Hold Rating for Dynamic Materials (BOOM)
Wednesday, July 14, 2010 - 12:12pm | 163Jefferies & Co. published a research report this morning, where analysts have maintained their “hold” rating on shares of Dynamic Materials (NASDAQ: BOOM). Analysts remain extremely cautious because of low capital spending expectations, which could negatively impact the total demand....
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Top 4 Stocks In The Textile Industrial Industry With The Highest Operating Cash Flows (MHK, IFSIA, AIN, CFI)
Wednesday, July 14, 2010 - 6:13am | 147Below are the top textile industrial stocks on the NYSE and the NASDAQ in terms of operating cash flows. The trailing-twelve-month operating cash flows for Mohawk Industries Inc (NYSE: MHK) are $588.09 million. Analysts at Stifel Nicolaus upgraded MHK from “hold” to “buy.” The trailing-twelve-month...
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Stocks Surge after Alcoa, CSX Report Strong Profits:
Tuesday, July 13, 2010 - 5:24pm | 483var addthis_pub = "webhits"; Stephen Bernard, AP Business Writer, On Tuesday July 13, 2010, 4:53 pm NEW YORK (AP) -- The stock market got a shot of confidence and adrenaline from the start of... This is just a teaser...Please visit my website for more information about the Stock Market Lessons I...
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Stocks Surge after Alcoa, CSX Report Strong Profits:
Tuesday, July 13, 2010 - 5:22pm | 533var addthis_pub = "webhits"; Stephen Bernard, AP Business Writer, On Tuesday July 13, 2010, 4:53 pm NEW YORK (AP) -- The stock market got a shot of confidence and adrenaline from the start of... [[ This is a content summary only. Visit my website for full links, other content, and more...
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PMFG Announces Five New Project Awards
Tuesday, July 13, 2010 - 9:07am | 263PMFG (Nasdaq: PMFG) today announced that it has been awarded contracts with a combined value of approximately $17.5 million across its various product divisions. Project awards occurred at the end of fiscal year 2010. The first order is for the design and supply of a Selective Catalytic Reduction (...