BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/ <![CDATA[Goldman Earnings Sink After Buffett Dividend]]> http://www.pheedcontent.com/click.phdo?i=8d1420c5c3a4ab231d8bbd95fbc52e5e http://www.bloggingstocks.com/2011/04/19/goldman-earnings-sink-on-buffett-dividend/ http://www.bloggingstocks.com/2011/04/19/goldman-earnings-sink-on-buffett-dividend/ http://www.bloggingstocks.com/2011/04/19/goldman-earnings-sink-on-buffett-dividend/#comments Goldman Sachs' first-quarter income fell 72 percent after the bank paid $1.64 billion in dividends to redeem preferred shares it issued to billionaire investor Warren Buffett during the financial crisis.

The New York investment bank said Tuesday that it earned $908 million, or $1.56 per share, compared with $3.3 billion, or $5.59 a share in the first quarter of last year.

Excluding the dividend payment, earnings per common share were $4.38, beating the $3.95 per share forecast of analysts surveyed by FactSet.

Revenue fell 7 percent to $11.9 billion on weakness in the bank's core businesses of trading stocks and bonds and advising clients. Goldman's stock fell 0.9 percent to $152.38 in late morning trading.

The Federal Reserve gave Goldman Sachs Group Inc. permission to repay Berkshire Hathaway last month. While the Fed's decision wasn't a surprise given Goldman's ever-widening profits since the financial crisis, it reflected how far Goldman and other major banks have progressed from the darkest days of September 2008.

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Goldman Earnings Sink After Buffett Dividend originally appeared on BloggingStocks on Tue, 19 Apr 2011 09:03:00 EST. Please see our terms for use of feeds.

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]]> featured goldman earnings goldman sach goldman sachs warren buffett Tue, 19 Apr 2011 09:03:00 EST <![CDATA[Johnson & Johnson's Income Falls 23%]]> http://www.pheedcontent.com/click.phdo?i=a80dbf9fe3122e59004a181a86f33b40 http://www.bloggingstocks.com/2011/04/19/johnson-and-johnsons-income-falls-23/ http://www.bloggingstocks.com/2011/04/19/johnson-and-johnsons-income-falls-23/ http://www.bloggingstocks.com/2011/04/19/johnson-and-johnsons-income-falls-23/#comments Health care giant Johnson & Johnson says sales rebounded but its profit dropped 23 percent in the first quarter, due to higher expenses, costs of recalls and litigation and a tax gain that boosted results a year ago.

Adjusted earnings topped expectations. J&J also raised its full-year earnings outlook.

The maker of Band-Aids, baby shampoo and birth control pills posted net income of $3.48 billion, or $1.25 per share, down from $4.53 billion, or $1.62 per share, in 2010's first quarter.

But after two years of declines, revenue rose by 3.5 percent to $16.17 billion.

Adjusted income was $4.86 billion, or $1.35 per share. Analysts expected earnings of $1.03 per share and revenue of $15.6 billion.

Johnson & Johnson's Income Falls 23% originally appeared on BloggingStocks on Tue, 19 Apr 2011 08:22:00 EST. Please see our terms for use of feeds.

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]]> featured Tue, 19 Apr 2011 08:22:00 EST <![CDATA[Burberry Shares Leap on Sales Update]]> http://www.pheedcontent.com/click.phdo?i=5b50c377da2083a26719309b9f433a54 http://www.bloggingstocks.com/2011/04/19/burberry-shares-leap-on-sales-update/ http://www.bloggingstocks.com/2011/04/19/burberry-shares-leap-on-sales-update/ http://www.bloggingstocks.com/2011/04/19/burberry-shares-leap-on-sales-update/#comments Shares in British luxury goods company Burberry Group PLC jumped Tuesday after the company reported strong second-half sales and predicted a full-year profit at the top end of market forecasts.

Burberry's popularity in the Asia Pacific region, particularly Hong Kong and Taiwan, led sales 33 percent higher in the six months to March 31, compared to a year earlier.

Chief Executive Angela Ahrendts said the company expects full-year pretax profit to be at the top end of market forecasts, or around 347 million pounds ($564 million).

"While the luxury industry faces global challenges in the year ahead, we remain confident in our team's ability to outperform, underpinned by the consistent execution of our key strategies," said Ahrendts in a trading update.

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Burberry Shares Leap on Sales Update originally appeared on BloggingStocks on Tue, 19 Apr 2011 08:04:00 EST. Please see our terms for use of feeds.

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]]> featured Tue, 19 Apr 2011 08:04:00 EST <![CDATA[Citi's Income Falls 32% as Underwriting Slips]]> http://www.pheedcontent.com/click.phdo?i=96c6f24e15b99912558a11e906f10324 http://www.bloggingstocks.com/2011/04/18/citis-income-falls-32-as-underwriting-slips/ http://www.bloggingstocks.com/2011/04/18/citis-income-falls-32-as-underwriting-slips/ http://www.bloggingstocks.com/2011/04/18/citis-income-falls-32-as-underwriting-slips/#comments Filed under:

CitigroupCitigroup's first-quarter income fell 32 percent on lower revenue from its investment banking business and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up with their debt payments.

The New York bank on Monday said it earned $3 billion, or 10 cents per share, compared with $4.4 billion, or 15 cents a share in the first quarter of last year. The earnings were slightly higher than the 9 cents a share estimated by analysts surveyed by FactSet.

First quarter revenue fell 22 percent to $19.7 billion from the same period last year.

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Citi's Income Falls 32% as Underwriting Slips originally appeared on BloggingStocks on Mon, 18 Apr 2011 10:00:00 EST. Please see our terms for use of feeds.

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]]> featured Mon, 18 Apr 2011 10:00:00 EST <![CDATA[Mattel Net Income Falls on Higher Spending]]> http://www.pheedcontent.com/click.phdo?i=2656f570380b6b1b4668ce0f11801742 http://www.bloggingstocks.com/2011/04/15/mattel-net-income-falls-on-higher-spending/ http://www.bloggingstocks.com/2011/04/15/mattel-net-income-falls-on-higher-spending/ http://www.bloggingstocks.com/2011/04/15/mattel-net-income-falls-on-higher-spending/#comments Filed under:

MattelSales of Barbie and other dolls helped Mattel Inc.'s revenue rise 8 percent during the first quarter. But higher spending on advertising and other expenses outpaced sales growth and the largest U.S. toy maker's net income fell 33 percent.

Net income fell to $16.6 million, or 5 cents per share, for the three months ended March 31, from $24.8 million, or 7 cents per share, last year. Analysts expected earnings of 4 cents per share, according to FactSet.

Revenue rose 8 percent to $951.9 million from $880.1 million. That beat analyst predictions of $905.1 million. Sales rose 7 percent in the U.S. and 10 percent internationally.

Dolls were big sellers during the quarter, typically a small one for toy makers since it follows the crucial holiday quarter. Mattel's Barbie continued its run of strong sales, up 14 percent during the quarter. Monster High and Disney Princesses also sold well. American Girl brands rose 4 percent.

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Mattel Net Income Falls on Higher Spending originally appeared on BloggingStocks on Fri, 15 Apr 2011 09:21:00 EST. Please see our terms for use of feeds.

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]]> featured Fri, 15 Apr 2011 09:21:00 EST <![CDATA[Bank of America Earnings Fall 39%]]> http://www.pheedcontent.com/click.phdo?i=cb28ac168048e95d3f161c8602fdec47 http://www.bloggingstocks.com/2011/04/15/bank-of-america-earnings-fall-39/ http://www.bloggingstocks.com/2011/04/15/bank-of-america-earnings-fall-39/ http://www.bloggingstocks.com/2011/04/15/bank-of-america-earnings-fall-39/#comments Filed under:

Bank of AmericaBank of America Corp.'s first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses. The bank also settled a claim over faulty mortgage investments and set aside less money to cover soured loans.

The Charlotte, N.C. bank on Friday said it earned $1.7 billion, or 17 cents per share, compared with $2.8 billion, or 28 cents a share in the first quarter of last year. The earnings fell short of the 28 cents a share estimated by analysts surveyed by FactSet.

Revenue fell to $26.9 billion from $32 billion in the same period last year.

The nation's largest bank by assets also announced that the bank's chief risk officer, Bruce Thompson, will become chief financial officer, replacing Chuck Noski, who was named vice chairman. Noski couldn't relocate to Charlotte to fulfill his CFO duties because of an illness of a close family member, the bank said in a statement.

Bank of America continued to fight losses, lawsuits and higher costs related to its mortgage businesses. Its real estate services business reported a loss of $2.4 billion compared to loss of $2.1 billion for the same period in 2010.

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Bank of America Earnings Fall 39% originally appeared on BloggingStocks on Fri, 15 Apr 2011 08:05:00 EST. Please see our terms for use of feeds.

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]]> featured Fri, 15 Apr 2011 08:05:00 EST <![CDATA[Scuffles, Protests Mar BP Shareholder Meeting]]> http://www.pheedcontent.com/click.phdo?i=85ca720e547ba7dd113958718561a452 http://www.bloggingstocks.com/2011/04/14/scuffles-protests-mar-bp-shareholder-meeting/ http://www.bloggingstocks.com/2011/04/14/scuffles-protests-mar-bp-shareholder-meeting/ http://www.bloggingstocks.com/2011/04/14/scuffles-protests-mar-bp-shareholder-meeting/#comments Filed under:

BPScuffles between protesters and security guards marred BP's first annual shareholder meeting since the Gulf oil spill Thursday, as investors registered their disapproval with sizable protest votes against company directors.

Five Gulf Coast residents who had planned to tell investors about the loss of their livelihoods and health problems after the spill were denied access to the meeting, prompting confrontations with police and security guards outside the building.

Diane Wilson, a fourth-generation fisherwoman from Seadrift, Texas, was arrested after evading security to enter the foyer of the building, where she covered herself in a dark syrup to represent oil.

"I've come all the way here from the Gulf Coast," Wilson said. "My community is gone, and they won't let me in."

Police later said a 62-year-old woman was arrested for breaching the peace.

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Scuffles, Protests Mar BP Shareholder Meeting originally appeared on BloggingStocks on Thu, 14 Apr 2011 18:03:00 EST. Please see our terms for use of feeds.

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]]> Thu, 14 Apr 2011 18:03:00 EST <![CDATA[Google's Hiring Spree Weighs on Earnings; Shares Slide]]> http://www.pheedcontent.com/click.phdo?i=4a220e26d6ebe35f419f3cda65fdf049 http://www.bloggingstocks.com/2011/04/14/google-earnings-hiring spree/ http://www.bloggingstocks.com/2011/04/14/google-earnings-hiring spree/ http://www.bloggingstocks.com/2011/04/14/google-earnings-hiring spree/#comments Filed under:

GoogleGoogle's first-quarter earnings came in below analyst projections as the Internet search leader sped up hiring, driving up its costs.

The results released Thursday may heighten investor fears that Google's earnings might suffer because of the company's commitment to hire at least 6,200 workers this year. That would be the most in Google's 13-year history.

The company earned $2.3 billion, or $7.04 per share, in the period ending in March. That was an 18 percent increase from nearly $2 billion, or $6.06 per share, last year.

If not for expenses covering employee stock compensation, Google said it would have earned $8.08 per share. That was below the average estimate of $8.11 per share among analysts surveyed by FactSet.

Revenue was nearly $8.6 billion, a 27 percent increase from last year.

Google's Hiring Spree Weighs on Earnings; Shares Slide originally appeared on BloggingStocks on Thu, 14 Apr 2011 16:26:00 EST. Please see our terms for use of feeds.

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]]> featured google earnings google hiring google profit google revenu google sales Thu, 14 Apr 2011 16:26:00 EST <![CDATA[Ford Expands Recall of F-150 Pickups to Nearly 1.2 Million]]> http://www.pheedcontent.com/click.phdo?i=3881edfda97aeec826d4d5d8847ffc01 http://www.bloggingstocks.com/2011/04/14/ford-expands-recall-of-f-150-pickups-to-nearly-1-2-million/ http://www.bloggingstocks.com/2011/04/14/ford-expands-recall-of-f-150-pickups-to-nearly-1-2-million/ http://www.bloggingstocks.com/2011/04/14/ford-expands-recall-of-f-150-pickups-to-nearly-1-2-million/#comments Under pressure from government safety regulators, Ford Motor Co. is expanding a recall of the popular F-150 pickup truck to include nearly 1.2 million vehicles that may have defective air bags.

The additional recall, announced Thursday by the National Highway Traffic Safety Administration, covers trucks from the 2004 through 2006 model years. An electrical short can cause the air bags to deploy unexpectedly, in some cases injuring drivers.

In February, Ford agreed to fix 150,000 of the trucks but resisted the government's wishes to recall all 1.2 million trucks that may have the problem.

Continue reading Ford Expands Recall of F-150 Pickups to Nearly 1.2 Million

Ford Expands Recall of F-150 Pickups to Nearly 1.2 Million originally appeared on BloggingStocks on Thu, 14 Apr 2011 12:10:00 EST. Please see our terms for use of feeds.

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]]> featured ford recall Thu, 14 Apr 2011 12:10:00 EST <![CDATA[Hasbro First-Quarter Profit Drops 71%]]> http://www.pheedcontent.com/click.phdo?i=4dc29a43448a911358f49a1ff4989254 http://www.bloggingstocks.com/2011/04/14/hasbro-earnings/ http://www.bloggingstocks.com/2011/04/14/hasbro-earnings/ http://www.bloggingstocks.com/2011/04/14/hasbro-earnings/#comments Filed under:

HasbroHasbro's hit battling-top game Beyblade couldn't rescue Hasbro's first quarter from pallid demand for other games and girls toys and spending to launch The Hub TV network.

Net income fell 71 percent and missed Wall Street expectations. Stock in the maker of Scrabble and Nerf dropped 84 cents to $44.95 in morning trading.

The first quarter is typically small for toy makers because it comes just after the crucial holiday season.

Continue reading Hasbro First-Quarter Profit Drops 71%

Hasbro First-Quarter Profit Drops 71% originally appeared on BloggingStocks on Thu, 14 Apr 2011 12:05:00 EST. Please see our terms for use of feeds.

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]]> featured hasbro earnings Thu, 14 Apr 2011 12:05:00 EST <![CDATA[Silgan Buying Graham Packaging in $1.28 Billion Deal]]> http://www.pheedcontent.com/click.phdo?i=59c833351f31ded3b7f5878cec763688 http://www.bloggingstocks.com/2011/04/13/silgan-buying-graham-packaging-in-1-28-billion-deal/ http://www.bloggingstocks.com/2011/04/13/silgan-buying-graham-packaging-in-1-28-billion-deal/ http://www.bloggingstocks.com/2011/04/13/silgan-buying-graham-packaging-in-1-28-billion-deal/#comments The companies say the deal will create a stronger force in creating packaging for beverage, food and consumer products ranging from sports drinks and beer to personal care products and motor oil.

Silgan said it will have 17,000 employees and 180 manufacturing facilities in 19 countries once the deal is completed. It expects the combined company will achieve $50 million in cost savings by the third year after the sale closes.

The companies expect the sale to close in the third quarter if regulators and shareholders approve.

Silgan is offering 0.402 shares and $4.75 in cash for each Graham share, valuing the company at $19.56 per share. That's a premium of 17.1 percent to Tuesday's closing price.

Continue reading Silgan Buying Graham Packaging in $1.28 Billion Deal

Silgan Buying Graham Packaging in $1.28 Billion Deal originally appeared on BloggingStocks on Wed, 13 Apr 2011 09:44:00 EST. Please see our terms for use of feeds.

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]]> featured Wed, 13 Apr 2011 09:44:00 EST <![CDATA[JPMorgan's First-Quarter Profit Swells 67%]]> http://www.pheedcontent.com/click.phdo?i=45682163424178593ea37c2850e55aa9 http://www.bloggingstocks.com/2011/04/13/jpmorgan-earnings/ http://www.bloggingstocks.com/2011/04/13/jpmorgan-earnings/ http://www.bloggingstocks.com/2011/04/13/jpmorgan-earnings/#comments JPMorgan Chase & Co. (JPM) reported a 67 percent jump in first quarter earnings Wednesday on solid growth in investment banking fees and a drop in losses in its credit card portfolio.

The New York bank earned $5.6 billion, or $1.28 per share, compared with $3.3 billion, or 74 cents a share in the same period last year. The profits at JPMorgan, the first bank to report earnings, were way ahead of the $1.15 per share analysts surveyed by FactSet were expecting.

Revenue fell to $25.2 billion from $27.7 billion in the same period last year.

The slump in real estate continued to weigh heavily on JPMorgan's results. The bank increased its provision for mortgage-related losses by $1.1 billion.

Jamie Dimon, the CEO of JPMorgan, said in a statement that the bank's mortgage losses were "extraordinarily high," adding: "Unfortunately, these losses will continue for a while."

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JPMorgan's First-Quarter Profit Swells 67% originally appeared on BloggingStocks on Wed, 13 Apr 2011 08:06:00 EST. Please see our terms for use of feeds.

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]]> featured jpmorgan Wed, 13 Apr 2011 08:06:00 EST <![CDATA[Zipcar Revs Up for Its IPO]]> http://www.pheedcontent.com/click.phdo?i=cac30d51e0d69f0230b98aefdd377bab http://www.bloggingstocks.com/2011/04/12/zipcar-revs-up-for-its-ipo/ http://www.bloggingstocks.com/2011/04/12/zipcar-revs-up-for-its-ipo/ http://www.bloggingstocks.com/2011/04/12/zipcar-revs-up-for-its-ipo/#comments Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week.

Its supporters think skyrocketing gas prices will make car sharing more popular. They praise Zipcar's technological savvy and its plans for overseas expansion.

Zipcar is "one of the long-awaited hot tickets in the IPO valley," said John Fitzgibbon, founder of IPOscoop.com. Investors are warming up to IPOs again after the market sputtered in 2008 and 2009.

Still, Zipcar has never been profitable since it was founded in 2000. It expects to lose money again in 2011. Cars, its main expense, don't come cheap.

The IPO's value would total about $125 million at the midpoint of its expected price range of $14 to $16 per share. Of that, the company expects proceeds of about $89 million, $46 million of which it plans to use to pay down debt.

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Zipcar Revs Up for Its IPO originally appeared on BloggingStocks on Tue, 12 Apr 2011 16:45:00 EST. Please see our terms for use of feeds.

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]]> featured initial public offering ipo zipcar Tue, 12 Apr 2011 16:45:00 EST <![CDATA[Nokia Launches New Symbian Smartphones]]> http://www.pheedcontent.com/click.phdo?i=0581e4b4c65b69d59f74310fa4b40b6b http://www.bloggingstocks.com/2011/04/12/nokia-launches-new-symbian-smartphones/ http://www.bloggingstocks.com/2011/04/12/nokia-launches-new-symbian-smartphones/ http://www.bloggingstocks.com/2011/04/12/nokia-launches-new-symbian-smartphones/#comments Filed under:

NokiaNokia Corp. on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.

Nokia said the two models - the E6 and X7 - have longer battery life, better text input and new Ovi Maps applications with improved search and public transport routes.

The Nokia E6, with a standard QWERTY keypad and high resolution touch display, is aimed at corporate customers, while the Nokia X7 is an entertainment-focused handset with a 4-inch (10-centimeter) display made for games.

The world's largest cellphone maker did not price the handsets.

Markets seemed unimpressed by the announcement, which comes as Nokia continues to struggle against stiff competition, especially from Apple Inc. and Research in Motion Ltd.

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Nokia Launches New Symbian Smartphones originally appeared on BloggingStocks on Tue, 12 Apr 2011 13:14:00 EST. Please see our terms for use of feeds.

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]]> Tue, 12 Apr 2011 13:14:00 EST <![CDATA[ADVERTISEMENT:]]> http://ads.pheedo.com/click.phdo?s=0581e4b4c65b69d59f74310fa4b40b6b&p=4 0581e4b4c65b69d59f74310fa4b40b6b ]]> Tue, 12 Apr 2011 13:14:00 EST <![CDATA[Cisco to Exit Flip Video-Cam Business]]> http://www.pheedcontent.com/click.phdo?i=413b9cccecd1b5d6b04cedb214acc86c http://www.bloggingstocks.com/2011/04/12/cisco-plans-to-shut-its-flip-video-cam-business/ http://www.bloggingstocks.com/2011/04/12/cisco-plans-to-shut-its-flip-video-cam-business/ http://www.bloggingstocks.com/2011/04/12/cisco-plans-to-shut-its-flip-video-cam-business/#comments Filed under:

CiscoCisco Systems Inc., (CSCO) the world's largest maker of computer networking gear, on Tuesday said it's killing its Flip camcorder business as part of a reversal of years of efforts at diversifying into consumer products.

The about-face comes after several quarters of disappointing results and challenges in its core businesses. Analysts say the company has been trying to do too many different things.

A week ago, CEO John Chambers acknowledged the criticism, sending employees a memo vowing to take "bold steps" to narrow the company's focus.

The San Jose, Calif., company said Tuesday that it expects its consumer business shakeup will result in the loss of 550 jobs, or less than 1 percent of its work force of about 73,000.

It also expects to take restructuring charges of no more than $300 million spread out over the current quarter, which ends April 25, and the following one.

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Cisco to Exit Flip Video-Cam Business originally appeared on BloggingStocks on Tue, 12 Apr 2011 09:21:00 EST. Please see our terms for use of feeds.

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]]> cisco featured Tue, 12 Apr 2011 09:21:00 EST <![CDATA[Alcoa Kicks Off Earnings Season With Improved Sales]]> http://www.pheedcontent.com/click.phdo?i=e3191b82b72d161e3c0f8061242b1f67 http://www.bloggingstocks.com/2011/04/11/alcoa-earnings/ http://www.bloggingstocks.com/2011/04/11/alcoa-earnings/ http://www.bloggingstocks.com/2011/04/11/alcoa-earnings/#comments Filed under: ,

AlcoaAlcoa Inc. (AA) said Monday it turned a first-quarter profit on stronger sales at higher prices that were offset by a weaker dollar and higher costs for energy and raw materials.

Alcoa said business improved from a range of customers, including aerospace, automotive, commercial transportation and packaging industries. It marked the fourth consecutive quarterly profit for Alcoa as it pulled out of two difficult years hit by the recession.

The Pittsburgh aluminum manufacturer also expects business to continue to improve, reaffirming its forecast of a 12 percent increase in global aluminum demand this year.

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Alcoa Kicks Off Earnings Season With Improved Sales originally appeared on BloggingStocks on Mon, 11 Apr 2011 16:45:00 EST. Please see our terms for use of feeds.

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]]> alcoa alcoa earnings alcoa profit alcoa revenue earnings season Mon, 11 Apr 2011 16:45:00 EST <![CDATA[Level 3 to Acquire Global Crossing for $2 Billion]]> http://www.pheedcontent.com/click.phdo?i=cda3e147dcded16e9d887511a4ea11d9 http://www.bloggingstocks.com/2011/04/11/level-3-to-acquire-global-crossing-for-2-billion/ http://www.bloggingstocks.com/2011/04/11/level-3-to-acquire-global-crossing-for-2-billion/ http://www.bloggingstocks.com/2011/04/11/level-3-to-acquire-global-crossing-for-2-billion/#comments Filed under:

Level 3 Communications Inc. said Monday that it is buying Global Crossing Ltd. for $2 billion, joining two major long-distance telecommunications networks that carry massive amounts of Internet and other data traffic in the U.S. and internationally.

Both Level 3 and Global Crossing operate vast networks of optical fiber used by other telecom carriers, corporations and government agencies. The combined company's reach would extend to 70 countries on three continents. Despite steadily increasing data traffic, the prices Level 3 and companies like it can charge for carrying that traffic have been driven down by competition, said Erik Kreifeldt, a senior analyst with the research firm TeleGeography. Meanwhile, the carriers have high fixed costs, including the cost to lay fiber-optic cables on the bottom of the ocean.

Continue reading Level 3 to Acquire Global Crossing for $2 Billion

Level 3 to Acquire Global Crossing for $2 Billion originally appeared on BloggingStocks on Mon, 11 Apr 2011 16:36:00 EST. Please see our terms for use of feeds.

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]]> Mon, 11 Apr 2011 16:36:00 EST <![CDATA[NYSE Rejects Nasdaq-ICE Takeover Bid]]> http://www.pheedcontent.com/click.phdo?i=c12998bbffd7f39316527f26797ee992 http://www.bloggingstocks.com/2011/04/11/nasdaq-nyse-intercontinentalexchange/ http://www.bloggingstocks.com/2011/04/11/nasdaq-nyse-intercontinentalexchange/ http://www.bloggingstocks.com/2011/04/11/nasdaq-nyse-intercontinentalexchange/#comments Filed under:

Nasdaq and IntercontinentalExchange said their $11.3 billion bid for NYSE Euronext was rejected without any talks with the exchanges.

Nasdaq OMX Group Inc. CEO Robert Greifeld said in a statement late Sunday that feedback from NYSE Euronext shareholders was positive, and that the companies had expected NYSE Euronext would meet with them to discuss the merits of their proposal.

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NYSE Rejects Nasdaq-ICE Takeover Bid originally appeared on BloggingStocks on Mon, 11 Apr 2011 09:06:00 EST. Please see our terms for use of feeds.

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]]> Mon, 11 Apr 2011 09:06:00 EST <![CDATA[Viacom Pulls Channels from iPad App Raising Stakes in the Streaming Standoff]]> http://www.pheedcontent.com/click.phdo?i=c2b83b5f6eaceb50387c8d8612f49f71 http://www.bloggingstocks.com/2011/04/11/viacom-pulls-channels-from-ipad-app-raising-stakes-in-the-stream/ http://www.bloggingstocks.com/2011/04/11/viacom-pulls-channels-from-ipad-app-raising-stakes-in-the-stream/ http://www.bloggingstocks.com/2011/04/11/viacom-pulls-channels-from-ipad-app-raising-stakes-in-the-stream/#comments Filed under: ,

ViacomViacom was one of the content owners that pulled its channels from Time Warner Cable's iPad app recently. This combined with its changing stance regarding Hulu points to the growing friction between content owners and those companies involved in distribution through new streaming platforms like Netflix, Hulu and now tablets. As the landscape changes for delivering content, we expect to see Viacom along with competitors like News Corp, Time Warner CBS and Disney position for a greater share of the revenues and benefit from providing content to through these new channels.

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Viacom Pulls Channels from iPad App Raising Stakes in the Streaming Standoff originally appeared on BloggingStocks on Mon, 11 Apr 2011 08:00:00 EST. Please see our terms for use of feeds.

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]]> apple ipad Mon, 11 Apr 2011 08:00:00 EST <![CDATA[Endo Pharma Buying American Medical for $2.6 Billion]]> http://www.pheedcontent.com/click.phdo?i=e21ab7a615c9b1599f7671f50450fc81 http://www.bloggingstocks.com/2011/04/11/endo-pharma-buying-american-medical-for-2-6-billion/ http://www.bloggingstocks.com/2011/04/11/endo-pharma-buying-american-medical-for-2-6-billion/ http://www.bloggingstocks.com/2011/04/11/endo-pharma-buying-american-medical-for-2-6-billion/#comments
Endo is offering $30 a share - a premium of 34 percent to the most recent closing price of American Medical Systems shares. Endo will also assume $312 million in American Medical's debt.

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Endo Pharma Buying American Medical for $2.6 Billion originally appeared on BloggingStocks on Mon, 11 Apr 2011 07:24:00 EST. Please see our terms for use of feeds.

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]]> Mon, 11 Apr 2011 07:24:00 EST