Market News

Disney (DIS)

The Walt Disney Company is launching free iPhone and iPod touch applications, giving fans access to Disney content and interactive features anywhere.

Oct 29 · 11:02:00 AM · Source: Reuters
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by Michael Oliveto

Brunswick--which makes boats, marine motors and other recreational equipment--posted a loss of $114.3 million, or $1.29 a share, compared with a year-earlier loss of $729.1 million, or $8.26 a share. The results included charges of 8 cents and $7.93, respectively. Revenue decreased 36% to $665.8 million.

Oct 29 · 10:43:00 AM · Source: Company News
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by Larry Etter

Federal-Mogul Corporation (FDML)

Federal-Mogul Corp.'s said its third-quarter net income jumped to $15.3 million from $7.2 million in the prior year period. Net sales for the third quarter declined to $1.38 billion from $1.69 billion in the year earlier quarter.
Jump the result of cost cutting by Carl Icahn-controlled company.

Oct 29 · 10:21:00 AM
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by Larry Etter

Expedia (EXPE)

Expedia today reported third quarter profit of $117 million, or 40 cents a share, up from $94.8 million, or 33 cents a share, a year earlier. Excluding items such as restructuring costs and foreign-exchange losses, earnings climbed to 48 cents from 39 cents. Revenue increased 2% to $852.4 million.
Earnings top Street expectations.

Oct 29 · 10:07:00 AM · Source: Company News
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by Larry Etter

AutoNation (AN)

AutoNation posted a profit of $65 million, or 36 cents a share, compared with a year-earlier loss of $1.41 billion, or $7.99 a share. Revenue decreased 13% to $2.92 billion.
AutoNation said its massive cost-cutting phase is ending and the company will now focus on growing the business.

Oct 29 · 9:58:00 AM · Source: Company News
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by Larry Etter

Garmin (GRMN)

Garmin shares plunged 18 percent after its Dutch rival TomTom (TOM2.AS) warned of falling selling prices and Google (GOOG.O) made a high-profile entry into the market.
"Google's announcement today introduces new challenges for both Garmin and TomTom and makes the threat from smartphones more real than it ever was before," analyst Yair Reiner of Oppenheimer & Co told Reuters.

Oct 29 · 7:32:00 AM · Source: Reuters
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by Rich Pike

Comcast (CMCSA)

Comcast today announced it is launching next-generation DOCSIS 3.0 and making the leap from broadband to wideband in several areas of California, including Fresno, Merced, Modesto, Stockton, Tracy, Tulare, Visalia, as well as Santa Barbara County.
Comcast now offers some of the fastest speeds available today in Central California, including the Extreme 50 tier with download speeds of up to 50 Mbps. Wideband also enables Comcast to double speeds for the majority of existing high-speed Internet customers.

Oct 28 · 2:11:00 PM · Source: Reuters
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by Michael Oliveto

BorgWarner Inc. (BWA)

BorgWarner today reported third quarter net income was $17.2 million, or $0.15 per diluted share, compared with a loss of $130.4 million, or $(1.12) per diluted share, in third quarter 2008. For the third quarter 2009, sales were $1,027.8 million, down 22.0% compared with $1,316.9 million in the third quarter 2008.
Company's CEO said firm continues to be cautiously optimistic about the fourth quarter.

Oct 28 · 1:28:00 PM · Source: Company News Release
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by Larry Etter

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