 | 09/02/2010 01:41:40 PM
PPL: Settlement reached in Kentucky utilities bid
ALLENTOWN, Pa. -- Power provider PPL Corp. said Thursday it has reached a settlement in its $7.6 billion bid to acquire E.On U.S., the parent company of Louisville Gas&Electric Co. and Kentucky Utilities Co. Among the settlement terms, PPL agreed that the two utilities would commit not to implement any base rate increases before Jan. 1, 2013.
[Associated Press] |
| 09/02/2010 01:23:40 PM
Goodyear shares up on tire price increase
AKRON, Ohio -- Shares of Goodyear Tire&Rubber Co. rose Thursday after the company said it will raise the price of its consumer tires.
[Associated Press] |
| 09/02/2010 12:44:48 PM
Cisco to acquire smart grid metering co. Arch Rock
SAN JOSE, Calif. Cisco said Arch Rock will help Cisco with its smart grid applications for utilities. Financial terms were not disclosed. Cisco shares rose 36 cents to $20.62 in morning trading.
[Associated Press] |
| 09/02/2010 12:19:48 PM
Delta revamping 747s with more space, better seats
NEW YORK -- Delta Air Lines will spruce up its fleet of 16 Boeing 747-400 aircraft, which fly mostly long-hauls from Tokyo, with more luxurious seats, added space and personal TVs.
[Associated Press] |
| 09/02/2010 10:35:14 AM
Del Monte 1Q profit edges up, but revenue slips
SAN FRANCISCO -- Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year. CEO Richard G. Wolford said the company expects its consumer business to improve in the second half of the year as category competition lessens.
[Associated Press] |
| 09/02/2010 09:16:36 AM
Nordstrom August revenue comparison rises
nort SEATTLE -- Luxury department store Nordstrom Inc. said Thursday that its revenue at stores open at least a year rose 6.3 percent in August, just beating Wall Street expectations. Jewelry, dresses and women's shoes were among the best sellers during the month. Sales in the South, Mid-Atlantic and Midwest regions were the strongest while Southern California was weaker.
[Associated Press] |
| 09/02/2010 09:10:39 AM
American Eagle key revenue figure rises 1 percent
PITTSBURGH -- Teen retailer American Eagle Outfitters Inc. said Thursday that its August revenue in stores open at least a year rose 1 percent, about even with analyst estimates. Analysts had expected the figure to rise 1.1 percent, according to Thomson Reuters. Total revenue for the four weeks that ended Aug. 28 rose 3 percent to $312 million from $304 million.
[Associated Press] |
| 09/02/2010 08:28:15 AM
Abercrombie&Fitch Aug. revenue comparison rises
NEW ALBANY, Ohio -- Teen clothing company Abercrombie&Fitch Co. said Thursday that revenue in its stores open at least a year rose 6 percent in August. Analysts surveyed by Thomson Reuters, on average, expected the figure to rise 5.9 percent.
[Associated Press] |
| 09/02/2010 07:33:56 AM
Cato August revenue comparison rises 2 percent
CHAROLOTTE, N.C. -- Women's clothing seller The Cato Corp. said Thursday that revenue in stores open at least one year rose 2 percent in August. Total sales for the four weeks ended Aug. 28 rose 5 percent to $61.9 million. Year-to-date, revenue in stores open at least one year rose 4 percent and total revenue rose 6 percent to $553.5 million.
[Associated Press] |
| 09/01/2010 06:52:08 PM
Heartland to pay Discover $5M for 2008 data breach
PRINCETON, N.J. -- Payments processor Heartland Payment Systems Inc. on Wednesday said it will pay $5 million to Discover Financial Services Co. to resolve issues between the companies related to a 2008 data breach.
[Associated Press] |
| 09/01/2010 06:37:08 PM
Ball to close Canadian can plant
BROOMFIELD, Colo. The Richmond plant, which produces steel food cans, will close down during the first quarter of 2011. The company will take a $7 million charge related to the closure, $3 million of which will be recorded during the first quarter. The plant opened in 1985 and serves the Alaskan and Canadian salmon industries.
[Associated Press] |
| 09/01/2010 05:57:30 PM
Oxford posts 2Q profit, reversing year-ago loss
ATLANTA -- Clothing company Oxford Industries Inc. on Wednesday posted a fiscal second quarter profit as it benefited from restructuring and from exiting businesses that were no longer profitable. Oxford said net income for the three months ended July 31 was $7.2 million, or 44 cents per share, compared with a loss of $180,000, or a penny per share, in the 2009 second quarter.
[Associated Press] |
| 09/01/2010 05:52:15 PM
Sorl Auto Parts buys Chinese company assets
ZHEJIANG, China -- Sorl Auto Parts Inc. said Wednesday that it has bought the assets of a Chinese air brake manufacturer for $25 million. Sorl acquired the hydraulic brake, power steering and automotive electrical operations of the Ruili Group Co. Half of the cash deal was paid at closing on Tuesday, while the remaining half is due before Sept. 30.
[Associated Press] |
| 09/01/2010 05:46:01 PM
Collective Brands 2Q profit rises but misses views
TOPEKA, Kan. But results fell short of Wall Street expectations and the stock fell in after-hours trading. The maker of Stride Rite, Keds and Saucony brand shoes said net income for the three months ended July 31 rose to $21.1 million, or 32 cents per share, from $18.7 million, or 29 cents per share, in the corresponding period last year.
[Associated Press] |
| 09/01/2010 05:07:26 PM
Reynolds Group acquires related company for $300M
AUCKLAND, New Zealand -- Food and beverage packaging company Reynolds Group Holdings Ltd., known as RGHL, said Wednesday that it has acquired a related company for $300 million. RGHL bought the Reynolds Food and Flexible Packaging group from Reynolds Packaging Ltd., a New Zealand company. The deal was financed from the cash reserves of RGHL's companies.
[Associated Press] |
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