Author Archive for StockFrontRunners
Cost reductions boost Cowen Group’s profit
Cowen Group Inc.’s COWN +0.41% first-quarter earnings jumped from a weak year-earlier quarter as the financial services firm saw fewer expenses.
Exelon’s net skids on merger costs, weaker margins
Exelon Corp.’s EXC -0.75% first-quart earnings fell 70% as costs related to the electric and gas utility’s merger with Constellation Energy Group Inc. weighed on results and as margins weakened.
Fluor posts 11% higher profit, orders grow
Fluor Corp.’s FLR -2.16% first-quarter earnings rose 11%, led by strong revenue growth at the engineering-and-construction company’s oil-and-gas business and industrial-and-infrastructure segment.
SK Hynix reportedly to join bid for Japan’s Elpida
SK Hynix Inc. has decided to join in a final bid for Japan’s Elpida Memory Inc., local online news provider Edaily reported Friday, citing an unnamed SK Hynix source.
Sage Group, Microsoft discuss possible tie-up: FT
Business management solutions company Sage Group PLC and Microsoft Corp. MSFT -0.66% are in talks about a strategic alliance that would put the U.K.-listed company’s …
BlueScope Steel sells U.S. panel ops to NCI
BlueScope Steel Ltd. said Thursday it sold its North America-based metal panels business to NCI Group Inc. NCS -0.69% for US$145 million.
Oneok profit falls 5.6%; Oneok Partners net up 58%
Oneok Inc.’s OKE +1.04% first-quarter profit fell 5.6% as weak natural gas demand led to a surprise revenue drop, while its Oneok Partners LP OKS -0.63% unit posted a 58% earnings jump due to favorable prices for natural gas liquids.
Prologis considering creation of Japanese REIT
Prologis Inc. PLD +0.50% , the world’s largest public owner of warehouses, said Tuesday it may form a real-estate investment trust to be traded on the Japanese stock exchange amid growing demand for commercial property investments by Japanese investors.
As Seen On TV, Inc (ASTV)
TVGoods is a direct response marketing company that identifies, develops, markets, and distributes consumer products. TVGoods offers a turnkey solution enabling entrepreneurs to introduce products to the consumer market. The company’s strategy employs three primary channels: Direct response television, which includes both short form and long form spots, television shopping networks such as HSN and [...]
World Surveillance Group Inc (WSGI)
World Surveillance Group Inc. (WSGI) is engaged in design, development, marketing and sale of technologically advanced autonomous lighterthan-air (LTA) unmanned aerial vehicles (UAVs).
Kona Grill swings to Q1 profit, beats expectations
Kona Grill Inc. KONA 0.00% swung to a profit in its first-quarter as the company reported better-than-expected restaurant sales growth.
Qantas says no need for three maintenance bases
Qantas Airways Ltd. on Tuesday gave the strongest indication yet that it’s about to slash hundreds more jobs by closing at least one of its three heavy maintenance bases in Australia.
Helen of Troy profit rises 20%
Helen of Troy Corp.’s HELE +4.25% fiscal fourth-quarter earnings rose 20% from a year-earlier period weighed down by impairment charges as the housewares and personal-care products company…
Lazard profit falls 54% on charge
Lazard Ltd.’s LAZ +3.06% first-quarter net income fell 54% on costs tied to cutting staff, yet the midsize investment bank posted a core profit and revenue that easily topped expectations on stronger demand for deal-making advice.
KDDI quarterly net profit falls 16% on high taxes
KDDI Corp. said Wednesday that its net profit for the fiscal fourth quarter fell 16% partly due to a higher corporate tax burden compared with the year-earlier period,…
SK Hynix swings to Q1 net loss on weak PC demand
SK Hynix Inc. Thursday swung to a first-quarter net loss, as oversupply and weak demand for personal computers continued to put pressure on memory chip prices
Aflac first-quarter profit more than doubles
Aflac Inc.’s AFL +1.55% first-quarter earnings more than doubled over a year-earlier period hit by heavy investment losses, although the insurer also posted a core profit that easily exceeded expectations.
Baidu Q1 profit up 76%, shares fall on sales view
Baidu Inc.’s BIDU -2.74% first-quarter earnings surged 76% as the Chinese Internet search giant’s revenue continued to surge.
Toshiba won’t make round-2 bid for Elpida: report
Toshiba Corp. (6502.TO) will not participate in the second round of bidding for failed chipmaker Elpida Memory, the Sankei Shimbun reported in its Tuesday morning edition.
Illumina first-quarter profit rises 8.6%
Illumina Inc.’s ILMN -1.04% first-quarter earnings rose 8.6% as the diagnostics company posted a decline in expenses that offset a drop in revenue.
