NYSE Market News

Alcoa Kicks-Off Earnings Season (AA)

09 Jul 2012 @ 22:14
Aluminum producer Alcoa Inc. (NYSE:AA) kicked off the earnings season after-market close today. The company reported second-quarter earnings and revenue that beat Street estimates.

WellPoint to Acquire Rival Amerigroup (WLP, AGP)

09 Jul 2012 @ 14:45
M&A activity continues to heat up in the third quarter. Earlier today, health insurer WellPoint Inc. (NYSE: WLP) announced that it agreed to acquire rival Amerigroup Corp. (NYSE: AGP) in a transaction valued at $4.46 billion.

Boeing Raises Forecast for Jetliner Market (BA)

03 Jul 2012 @ 21:30
Boeing Company (NYSE:BA) has raised its outlook for the jetliner market. BA now forecasts a $4.5 trillion jetliner market over the next 20 years for 34,000 new commercial jets. This is nearly half a trillion dollars more than the company’s previous year’s estimate.

Nike Q4 Profit Falls; Stock Tumbles (NKE)

29 Jun 2012 @ 18:05
Nike Inc. (NYSE:NKE) on Thursday reported disappointing fourth-quarter results, sending the company’s stock down sharply in early trading today. Nike reported an 8% drop in its fourth-quarter net income as high product costs, charges related to restructuring and an unexpected customs evaluation hurt the company’s bottom-line. NKE’s results fell short of consensus forecast, which is […]

Best Buy Founder Considering a Buyout (BBY)

28 Jun 2012 @ 17:14
Best Buy Co. (NYSE:BBY) founder Richard Schulze is considering a buyout of the struggling company. The Wall Street Journal, citing people with knowledge of the matter, reported that Schulze is working with a Wall Street bank to take the company private. Schulze, who resigned abruptly as Chairman and director of Best Buy earlier this month, […]

General Mills Profit Beats Estimate, But Outlook Disappoints (GIS)

27 Jun 2012 @ 14:51
General Mills Inc. (NYSE:GIS) today announced better-than-expected fourth-quarter profit, driven by double-digit sales growth. But, the Minneapolis, Minnesota-based company gave a disappointing outlook, sending the stock lower in pre-market trading. General Mills, which manufactures and markets consumer foods, reported fourth-quarter adjusted earnings of $403.8 million, or $0.60 per share, up...

Lennar Q2 Profit Rises (LEN)

27 Jun 2012 @ 14:50
Homebuilder Lennar Corporation (NYSE:LEN) reported an increase in its second-quarter profit, driven by strong sales and a tax-related gain. However, the company expects a slow and steady recovery in the housing market. U.S. housing market has shown some signs of improvement in the last few months. On Tuesday, latest housing market data showed that home […]

Coca-Cola to Increase Investment in India (KO)

26 Jun 2012 @ 15:33
Beverage company Coca-Cola Co. (NYSE:KO) today said that it plans to boost its investment in India by another $3 billion over the next eight years. Coca-Cola is increasing its investment in India as it looks to expand its operations in the country. The $3 billion investment comes on top of a $2 billion five-year investment […]

Walgreens Pays US$6.7 billion in Cash and Stocks for 45% Stake in Alliance Boots

19 Jun 2012 @ 13:39
United States’ largest drugstore chain Walgreens (NYSE:WAG) announced today it entered into a “strategic transaction” by buying 45% interest in Europe’s leading health and beauty group, Alliance Boots, creating  “the first global pharmacy-led, health and wellbeing enterprise.”. The deal is valued at US$6.7 billion, comprising of $4 billion in cash and 83.4 million shares to […]

Kroger Co. Q1 Profit Rises, Beats Estimate (KR)

14 Jun 2012 @ 11:00
Kroger Co. (NYSE:KR), today, posted better-than-expected profit in its first-quarter, driven by strong sales. The higher-than-expected profit also prompted KR to boost its full-year profit outlook. Kroger, which is the biggest supermarket chain in the U.S., reported a 4.2% increase in its identical-supermarket sales, excluding fuel. This is the 34th straight quarter where the company has...
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