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Dana Marshall

February New Home Sales Fall

( – February sales of new single-family houses fell 3.3 percent from the January sales rate according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In February, new single-family houses were sold at a seasonally adjusted rate of 440,000 units compared to a downwardly […]

Burlington Stores Revenue Up Over Holiday Quarter

( – Burlington Stores, Inc. (NYSE: BURL), the off-price retailer of branded apparel at everyday low prices at its Burlington Coat Factory stores, has announced its results for its fourth quarter and fiscal year. Total revenue and comparable store sales increased in spite of the weak retail environment. Net income for the 13 week quarter […]

Williams-Sonoma Shares Up On Fourth Quarter Results And 2014 Guidance

( – Williams-Sonoma, Inc. (NYSE: WSM), the specialty retailer probably best known for its Pottery Barn brand, managed to improve sales and earnings over a tough holiday selling season which hurt many other retailers. Net earnings for the 13 week quarter ended February 2, 2014 (fiscal 2013) were $133.80 million, or $1.38 per diluted share, […]

Safeway To Be Acquired By Cerberus, Merged With Albertsons

( – Safeway Inc. (NYSE: SWY) announced that it has reached a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P. and mergered with Albertsons, creating a network of over 2,400 stores and over 250,000 employees. The deal is structured as a merger between Safeway and AB Acquisition LLC (“AB Acquisition”), […]

Major Banks Partnering With SWIFT To Develop “Know Your Customer” Registry

( SWIFT announced that it has signed a Memorandum of Understanding (MOU) with a group of major global banks including Bank of America Merrill Lynch, Citigroup and JPMorgan; pursuant to which the banks and SWIFT will use a SWIFT “know your customer” (KYC) registry to develop a service to help banks manage KYC compliance issues […]

Hilton Revenues Up, But Fourth Quarter Earnings Hurt By IPO-Related Costs

Hilton Worldwide Holdings Inc. made its first earnings announcement since its initial public offering (IPO), reporting strong quarterly and annual revenue growth and an 18 percent growth in annual earnings. However, its fourth quarter net income fell year-on-year, due in part to expenses related to its IPO. For the fourth quarter ended December 31, 2013, […]

Home Depot Earnings Beat Expectations

The Home Depot (NYSE:HD) reported better than expected earnings for its fourth quarter and year. The company has benefited from the recovering housing market and, interestingly, did not mention December and January’s bad weather in its earnings announcement. The current year quarter and fiscal year periods were 13 weeks and 52 weeks long, respectively. This […]

Coca-Cola Income And Revenue Down For Fourth Quarter

The Coca-Cola Company (NYSE: KO) has reported a fall in net income and revenues for its fourth quarter. For the fourth quarter ended December 31, 2013, net income attributable to Shareowners of The Coca-Cola Company was $1.71 billion, or $0.38 per diluted share, compared to $1.87 billion, or $0.41 per diluted share, for the fourth […]

Cisco Revenue And Profit Fall, Dividend Raised

Cisco Systems, Inc. (NASDAQ: CSCO) reported a 54.5 percent drop in second quarter net income, caused largely by special items – but also reflecting a fall in revenue. Net income for the quarter ended January 25, 2014 was $1.4 billion, or $0.27 per diluted share, compared to $3.1 billion, or $0.59 per diluted share, in […]

US Economy Adds Only 113,000 Jobs In January

The U.S. Bureau of Labor Statistics (BLS) report of January employment data showed lower than expected job growth for the second month in a row. Additionally, an expected – or at least hoped for – significant upward revision to December’s very low job numbers did not materialize and has increased worries that economic growth is […]

Time Warner Results Beat Expectations

Time Warner Inc. (NYSE:TWX) has reported better than expected results for its fourth quarter. For the fourth quarter ended December 31, 2013, net income attributable to Time Warner Inc. shareholders was $983 million, or $1.06 per diluted share, compared to $1.1 billion, or $1.15 per diluted share, for the fourth quarter of fiscal 2012. Revenues […]

Google Finishes 2013 With Strong Earnings Growth In Spite of Falling Prices

Google Inc. (NASDAQ: GOOG) has reported fourth quarter results that exceeded expectations on revenues as the increase in paid clicks more than offset a decline in the average price, while earnings disappointed as Motorola losses increased. Shares of GOOG rose in Thursday’s after-hours trading. Net income for the quarter ended December 31, 2013 was $3.4 […]

Yahoo Shares Fall on Lower Ad Revenue, Slowing Growth at Alibaba

Yahoo! Inc. (NASDAQ: YHOO) has reported another drop in ad revenue for the fourth quarter of 2013; plus it disclosed data that indicate revenue growth at Alibaba, in which Yahoo has a 24 percent ownership stake, may be slowing. Alibaba’s most recently disclosed quarterly revenue was actually a 51 percent increase over the prior year […]

Caterpillar Beats Expectations

Caterpillar Inc. (NYSE:CAT) reported better than expected fourth quarter results, as a focus on cost-cutting offset a 10 percent year-on-year drop in sales for the quarter. Shares of CAT were up over 6 percent in pre-market trading. Profit for the quarter ended December 31, 2013 was $1.0 billion, or $1.54 per diluted share, compared to […]

eBay Reports Strong 4th Quarter and PayPal Spinoff Proposal From Carl Icahn

eBay Inc. (NASDAQ:EBAY) posted a strong fourth quarter with double-digit growth in both revenues and income. The company also announced that it had received a notice from Carl Icahn that he is nominating two of his employees to eBay’s board of directors, and also that he proposes a spinoff of the PayPal business. eBay responded […]

Delta Profit Up on Traffic and Fare Increases

Delta Air Lines, Inc. (NYSE:DAL) has posted strong fourth quarter results on increases in traffic and fares. Shares of DAL have been up over 3 percent in early trading. Net income for the quarter ended December 31, 2013 was $8.5 billion, or $9.89 per diluted share, compared to $7 million, or $0.01 per diluted share, […]

Intel Posts Increased Quarterly Earnings and Revenue, But Predicts Flat 2014

Intel Corporation (NASDAQ:INTC) has reported an increase in earnings and revenue for its fourth quarter, and even saw an increase in PC chip volumes during the quarter after years of declines in the PC market. But its outlook for 2014 revenue disappointed and shares of INTC fell in Thursday’s after-hours trading. Net income for the […]

World Bank Ups Its Global Growth Forecasts

The World Bank has upgraded its forecasts of global GDP growth, with growth firming in developing economies, accelerating in high-income countries and continuing strong growth in China. Global GDP is now expected to increase 3.2 percent in 2014 (up from 3.0 percent in the June 2013 forecast), 3.5 percent in 2015 (up from 3.3 percent) […]

Foster Wheeler in Provisional $3.3 Billion Deal to be Acquired

Foster Wheeler AG (NASDAQ:FWLT); the international engineering, construction and project management contractor and power equipment supplier; has provisionally agreed to be acquired by its rival AMEC plc in a deal valued at$3.3 billion (including a one-time dividend to be paid by Foster Wheeler). Under terms of the agreement as it stands now, AMEC would acquire […]

Monsanto Beats Expectations on Soybeans and Herbicides

Monsanto Company (NYSE:MON) has reported improved revenues and earnings for the first quarter of its fiscal year 2014, and also reaffirmed its earnings growth and free cash flow guidance for the year. Strong results in herbicides and soybeans offset weaker results in other areas. For the first quarter ended November 30, 2013, net income attributable […]