Sep. 22, 2010 at 10:38 a.m.
Filed under:
Banking,
Earnings
By Becky Yerak
Chicago-based Mesirow Financial said fiscal 2010 was its best year ever, despite lingering sluggishness in the economy.
Revenues for its fiscal year ended Mar. 31 rose 13 percent to $526 million, due to “spectacular” performances from the privately-held and employee-owned firm’s institutional sales and trading and advanced strategies businesses, as well as “strong” contributions from private equity, consulting and insurance services.
Stockholders’ equity, held by about 300 of its employees, increased nearly 20 percent to $299 million. Get the full story »
Sep. 21, 2010 at 5:20 p.m.
Filed under:
Airlines,
Earnings
By Associated Press
American Airlines parent AMR Corp. says a key third-quarter revenue figure will rise between 9.8 percent and 10.8 percent compared with a year ago.
The Dividend Daily | Morgan Stanley raised its price targets and earnings estimates for Archer Daniels Midland Tuesday. It pegs shares of the agriculture products giant at $37, a 12 percent premium from their close of $32.95 Monday.
Sep. 21, 2010 at 7:13 a.m.
Filed under:
Earnings,
Food
By Associated Press
Foodmaker ConAgra Foods Inc. says tight competition, inflation and a sluggish retail environment pushed first quarter net income down 12 percent. Get the full story »
Sep. 20, 2010 at 5:29 p.m.
Filed under:
Credit Cards,
Earnings,
Stock activity
By Reuters
Discover Financial Services reported a higher-than-expected quarterly profit on Monday as charge-offs fell and consumers spent more on their credit cards, sending its shares up about 3 percent.
The credit card lender and transaction processing network reported profit of $260.6 million, or 47 cents per share, well above analysts’ average expectations of 38 cents per share. Get the full story »
Sep. 20, 2010 at 8:26 a.m.
Filed under:
Credit Cards,
Earnings
By Associated Press
Credit card company Discover Financial Inc. says third-quarter net income fell, but profits in the year-earlier period received a big boost from a lawsuit settlement.
Net income was $258.2 million, or 47 cents cents per share. That compares with $552.9 million, or $1.07 per share, last year, which included a $287 million settlement of antitrust litigation involving Visa and MasterCard. Get the full story »
Sep. 17, 2010 at 9:46 a.m.
Filed under:
Earnings,
Manufacturing
By Reuters
Illinois Tool Works Inc. affirmed its forecast for third-quarter and full-year earnings on Friday.
The company said it expected to report a third-quarter profit of 72 cents to 84 cents a share from continuing operations.
For the full year, ITW said it expected to report earnings of $2.82 to $3.08 a share from continuing operations. Get the full story »
Sep. 16, 2010 at 4:26 p.m.
Filed under:
Corporate governance,
Earnings,
Food,
Packaged foods
By Associated Press
Brenda Barnes, the former chairman and CEO of Sara Lee Corp., received compensation valued at $11.5 million in the company’s most recent fiscal year, up 8 percent from the prior year, according to an Associated Press analysis of documents filed with regulators this week.
Sep. 14, 2010 at 11:59 a.m.
Filed under:
Earnings,
Economy,
Education,
Retail
By Associated Press
OfficeMax Inc. maintained its third-quarter sales forecast on Tuesday and said customers were budget conscious in their back-to-school spending.
By Reuters
Sara Lee Corp. on Tuesday reaffirmed its 2011 financial outlook and said it is weighing external and internal candidates for its top job. Get the full story »
Navistar representatives, along with roughly a dozen Illinois officials, announced plans this morning to move the manufacturing company’s headquarters to Lisle, retaining thousands of jobs in DuPage County.
“I’ve got one thing to say. Illinois is Navistar country,” said Gov Pat Quinn. “We believe in Navistar.”
Navistar President Dan Ustian added that the project would create about 500 engineering jobs right away. Get the full story »
Sep. 8, 2010 at 7:15 a.m.
Filed under:
Autos,
Earnings,
Manufacturing
By Dow Jones Newswires
Navistar International Corp. swung to a fiscal third-quarter profit that handily topped analysts’ estimates as sales rebounded and margins widened sharply.
But the revenue growth was less than anticipated and the maker of heavy-duty vehicles lowered its top-line forecast for the year to $12 billion from its upbeat April view of $13.2 billion to $13.7 billion as it said it will defer military revenue to the next fiscal year. But it affirmed its earnings prediction, saying it “has found other measures” to meet the estimate. Get the full story »
Sep. 3, 2010 at 12:19 p.m.
Filed under:
Earnings,
Retail
By Reuters
Shares of Bolingbrook-based Ulta Salon, Cosmetics & Fragrance Inc. soared 18 percent to a 12:30 price of $26.25 Friday as investors reacted to a sweet-smelling quarterly profit report and outlook.
The stock, which has been in relatively steady ascent during the past 18 months, is closing in on its 52-week high of $26.75. Get the full story »
Sep. 3, 2010 at 7:52 a.m.
Filed under:
Earnings,
Pharmaceuticals,
Retail
By Michael Oneal
Deerfield-based Walgreen Co. said it ended its fiscal year Aug. 31 with an 8.6 percent gain in during the month to $5.66 billion. That brought the 12-month total to $67.4 billion, a 6.5 percent gain over fiscal 2009.
The company also said it has engineered a swap with elderly-care specialist Omnicare Inc. in which Omnicare will buy Walgreens’ long-term care pharmacy unit while Walgreens will acquire Omnicare’s home-infusion business. Get the full story »
Aug. 26, 2010 at 8:32 a.m.
Filed under:
Earnings,
Pharmaceuticals
By Michael Oneal
Lake Bluff biotech company Neopharm Inc. said Thursday that it had narrowed its losses in both the second quarter and first half of this year and reported progress in clinical trials for its breast, pancreatic and prostate cancer drugs.
But Aquilur Rahman, president and chief executive officer, warned that with cash dwindling to $1.8 million as of June 30, the company needs new funding to continue. Get the full story »
