Market News

Jones Apparel Group (JNY)

Jones Apparel Group, whose brands include Jones New York, Nine West and Anne Klein, said for the third quarter period ended Oct. 3 earnings rose to $29 .1 million, or 36 cents per share, from $26.8 million, or 33 cents per share, last year.
Profit levels surprised Wall Street on the positive side. The company said its third quarter revenue fell 11 percent, to $855.7 million from $964.7 million last year.

Oct 28 · 10:37:00 AM · Source: Company News
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by Larry Etter

Wyndham (WYN)

Wyndham Worldwide Corp. reported that third quarter net income dropped 27 percent to $104 million, or 57 cents a share, from $142 million, or 80 cents, a year earlier. Revenue declined 17 percent to $1.02 billion.
The company raised its forecast for full-year adjusted earnings before interest, taxes, depreciation and amortization to between $775 million and $825 million from its earlier forecast of between $760 million and $810 million. Revenue will be $3.5 billion to $3.9 billion.

Oct 28 · 10:13:00 AM · Source: Company News Release
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by Larry Etter

Interpublic Group Of Companies (IPG)

Interpublic earned $17.2 million, or 3 cents a share, for the third quarter, down from $38.7 million, or 8 cents a share, in the same quarter of 2008. Revenue dropped 18% to $1.43 billion.
The important measure to an advertising company, organic revenue was down 14 percent, excluding currency fluctuations and the impact of acquisitions/divestitures.

Oct 28 · 10:08:00 AM · Source: Company News Release
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by Larry Etter

Apollo Group (APOL)

Apollo Group said its fiscal fourth quarter net income was $91.509 million vs. 229.593 million in the comparable prior period last year. Consolidated net revenue for the three months ended August 31, 2009, totaled $1075.8 million, which represents a 29.4% increase over the fourth quarter of fiscal 2008.

Oct 28 · 10:03:00 AM · Source: Company News Release
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by Larry Etter

Goodyear Tire & Rubber (GT)

Goodyear Tire & Rubbert said its third quarter earnings were $72 million, or 30 cents a share, compared with a profit of $31 million, or 13 cents a share, for the same period a year earlier. Sales fell 15% to $4.39 billion from $5.17 billion for the same period a year earlier.
Goodyear said it anticipates year-over-year global industry growth in 2010, especially in markets for tires featuring high-value-added features, larger rim diameters and fuel-efficient technology

Oct 28 · 9:50:00 AM · Source: Company News Release
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by Larry Etter

Ford (F)

Autoworkers in Missouri have overwhelmingly rejected a new contract with Ford Motor Company.
Ninety-two percent of workers at the Kansas City Assembly Plant voted against changes to their contract. Ford and the United Auto Workers union agreed to the changes to help lower Ford's labor costs, but UAW members must ratify the changes. Several other local unions have voted in favor of the changes.

Oct 27 · 2:08:00 PM · Source: Brandon Sun
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by Michael Oliveto

Marvel Enterprises (MVL)

Marvel Entertainment today announced that it has set October 30, 2009 as the record date for the determination of stockholders entitled to vote at its upcoming special meeting of stockholders. This record date replaces the previous record date of September 29, 2009.
At the special meeting, Marvel’s stockholders will be asked to adopt the merger agreement entered into by Marvel and The Walt Disney Company, which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney.

Oct 27 · 1:53:00 PM · Source: Business Wire · Related: Disney
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by Michael Oliveto

DineEquity Inc (DIN)

DineEquity said today that its third quarter net income available to common shareholders was $7.9 million, or 46 cents per share, compared with a year-earlier loss of $16.4 million, or 98 cents per share. Revenue at the Glendale, California-based company fell about 14.7 percent to $333.6 million.
Profits top estimates, but revenue doesn't.

Oct 27 · 12:38:00 PM · Source: Company News Release
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by Larry Etter

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