In spite of facing a collapse in interest within the domestic market, having to deal with cross-marketing limits imposed by the airlines and booking less flights and hotels overall, the $202.92 net revenue figure represented a jump of 4.34% from quarterly net revenue a year ago. The company's net earnings, however, were down 26.73 percent from a year ago, as a substantial spike in marketing costs, payroll and Other Expenses ate into the bottom line.
Viktor Bout was busted in a sting operation attempting to sell weapons to a Colombian rebel group, FARC.
Productivity rose this summer in its biggest gain since last winter, a sign the economy's current modest growth will last.
UBS has updated its Tech 10 portfolio by adding semi-packaging/assembly equipment provider ASM Technologies as a least preferred stock.
The Canadian dollar is expected to hold steady just below parity with its U.S. counterpart in the next few months before regaining equal status in 6 months and edging higher than the greenback a year from now.
The top pre-market NASDAQ Stock Market gainers are: Medivation, Qualcomm, THQ, Qiagen, and Tesla Motors. The top pre-market NASDAQ Stock Market losers are: Dendreon, WebMD Health, Gentiva Health Services, Encore Capital Group, Fushi Copperweld, and Savient Pharmaceuticals.
Canadian utility Fortis Inc's (FTS.TO: Quote) posted a 29 percent rise in quarterly profit, helped by the termination fee it received in relation to its failed merger with Central Vermont Public Service Inc.
Husky Energy Inc's (HSE.TO: Quote) third-quarter profit doubled on robust production and higher realized crude prices.
Barclays Capital said Apple Inc.'s capital expenditure (capex) projection is really the only major figure it forecasts for investors on an annual basis in every 10Q and 10K filings. The brokerage said capex guidance of $8 billion could mean something for iCloud and revenue.
Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.
The top aftermarket NYSE gainers on Wednesday were: NetQin Mobile, Fusion-io, CACI International, UBS AG, AMR Corp, Thor Industries, American Eagle Outfitters, Northstar Realty Finance, CoreLogic and Triangle Capital Corp.
The United States on Wednesday expressed interest in selling its most sophisticated fighter plane to India, just six months after New Delhi rejected two older U.S. warplanes.
The top after-market NASDAQ Stock Market gainers are: Novatel Wireless, Wright Medical Group, Anika Therapeutics, Mercadolibre, THQ, Huron Consulting Group, and Qualcomm. The top after-market NASDAQ Stock Market losers are: Dendreon, ValueVision Media, WebMD Health, Nutrisystem, and Big 5 Sporting Goods.
The top after market NYSE Losers on Wednesday were: RealD Inc, MEMC Electronic Materials, Ion Geophysical, Transocean, Penn Virginia, Walter Energy, Hartford Financial Services Group, Education Realty Trust, Teekay LNG Partners and Polypore International Inc.
Kraft Foods Inc. (KFT) reported a 22 percent leap in third-quarter profits Wednesday from the same period a year ago. The company touted its investments in marketing and new products to help turn increased profits despite significantly higher prices.
The companies that are expected to see active trade on Thursday are: Starbucks Corp., American International Group, First Solar, Qualcomm, Teradata Corp, Chesapeake Energy, NetQin Mobile, NYSE Euronext, RealD, Microchip Technology, MGM Resorts International, Frontier Communications and Duke Energy Corp.
The Monetary Policy report from the FOMC was released today as Federal Reserve Chairman; Ben Bernanke will offer his third live video press conference of the year today at 2:15 EDT.
The FOMC statement released on Wednesday announced that the Federal Reserve will continue its program of Operation Twist to support the economy.
Discount retailer Syms Corp. and subsidiary Filene's Basement filed for bankruptcy protection in Delaware on Wednesday, planning to liquidate operations. It is the third time in a decade Filene's has sought protection under Chapter 11.
Sony is forecasting a net loss of 90 billion yen ($1.15 billion), versus a prior expectation for a 60 billion yen profit.
Mega Brands (MB.TO: Quote) posted a marginal dip in third-quarter profit, partly on higher costs, but the Canadian toy-maker said it expected signs of recovery across all its segments ahead of the crucial holiday season.
Procter & Gamble Co. (NYSE: PG) said the sale of Pringles to Diamond Foods Inc. (NASDAQ: DMND) has moved from the front half to the back half of its fiscal year. The deal, which was earlier said to be closed by December 2011, is now expected to close before the end of June 2012.
The Canadian dollar strengthened against its U.S. counterpart in early trade on Wednesday as global markets settled between hope and fear amid Greek debt developments and ahead of a Federal Reserve meeting.
The top pre-market NASDAQ Stock Market gainers are: Garmin, Silicon Motion Technology, Magic Software Enterprises, Exelixis, and JDS Uniphase. The top pre-market NASDAQ Stock Market losers are: Syms, Diamond Foods, OpenTable, EZchip Semiconductor, and Cognizant Technology Solutions.
Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 1 percent.
World stocks and the euro edged up on Wednesday after a rollercoaster week, as investors hoped for comfort on the weak U.S. economy and troubled euro zone from meetings of the U.S. Federal Reserve and Group of Twenty leaders.
The top after market NYSE gainers on Tuesday were: Stone Energy, Kindred Healthcare, Kinder Morgan, Ferro Corp and ING Group. The top after market NYSE Losers were: Sprint Nextel, Verifone Systems, Masco Corp, SuperValu and Newpark Resources.
The top after-market NASDAQ Stock Market gainers are: Key Tronic, Maxim Integrated Products, Rofin-Sinar Technologies, Silicon Motion Technology, and Ebix. The top after-market NASDAQ Stock Market losers are: QuickLogic, OpenTable, Thoratec, Wright Medical Group, and Diamond Foods.
Asian shares fell and the euro stuck near 3-week lows against the dollar on Wednesday, as investors shed riskier assets after Greece's shock call for a referendum stoked fears about the viability of a European debt deal struck just last week.
The companies that are expected to see active trade on Wednesday are: Time Warner, Tesoro Corp, Qualcomm, Hartford Financial Services, Kraft Foods, Stone Energy Corp, News Corp, Mastercard, Cognizant Technology Solutions, Clorox, Comcast Corp and Devon Energy Corp.
