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batchsize=10; event_count=10; year=2010; month=7; day=30; hour=12; minute=25; second=42;
event_date=2010-07-30 12:21:14; sort_date=40389.514745;
Modine Manufacturing Company
(MOD)
4 minutes ago
Chief Pulse Comment by Thomas A Burke
"With the higher sales, we are clearly seeing the benefits of an increase in operating leverage, which drove our improved gross margin and contributed to net earnings during the quarter,"
Modine
president and CEO
Thomas Burke
said.
more
Sales rose 36 percent to $345.2 million, compared with $253.6 million for the year ago period.
"With the higher sales, we are clearly seeing the benefits of an increase in operating leverage, which drove our improved gross margin and contributed to net earnings during the quarter,"
Modine
president and CEO
Thomas Burke
said.
Racine based
Modine
(NYSE: MOD), a manufacturer of radiators and other thermal management systems, raised its fiscal 2011 sales guidance to a year over year increase of between 16 and 20 percent. "The trends we see provide us further confidence that we are on track to attain our mid term goal of an 11 to 12 percent return on average capital employed by the end of fiscal 2013," Burke said
Share:
Sales rose 36 percent to $345.2 million, compared with $253.6 million for the year ago period. <span class="sent">"With the higher sales, we are clearly seeing the benefits of an increase in operating leverage, which drove our improved gross margin and contributed to net earnings during the quarter," <span class="company">Modine</span> president and CEO <span class="analyst">Thomas Burke</span> said.</span> Racine based <span class="company">Modine</span> (NYSE: MOD), a manufacturer of radiators and other thermal management systems, raised its fiscal 2011 sales guidance to a year over year increase of between 16 and 20 percent. "The trends we see provide us further confidence that we are on track to attain our mid term goal of an 11 to 12 percent return on average capital employed by the end of fiscal 2013," Burke said....Racine based <span class="company">Modine</span> (NYSE: MOD), a manufacturer of radiators and other thermal management systems, raised its fiscal 2011 sales guidance to a year over year increase of between 16 and 20 percent. <span class="sent">"The trends we see provide us further confidence that we are on track to attain our mid term goal of an 11 to 12 percent return on average capital employed by the end of fiscal 2013," <span class="analyst">Burke</span> said.</span> "When I look beyond 2013, we remain very excited about the growth drivers in the business, which include the need for reduced emissions, greater fuel efficiency and higher building energy efficiency standards.".
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BizJournals - Latest News:
Modine reports sales, earnings increases
event_date=2010-07-30 12:21:09; sort_date=40389.514687;
West Bancorporation
(WTBA)
4 minutes ago
Chief Pulse Comment by Dave Nelson
Asset quality appears to be stabilizing and the net interest margin is improving," said President and Chief Executive Officer
Dave Nelson
, in a statement this morning.
more
"We are pleased to report another profitable quarter.
Asset quality appears to be stabilizing and the net interest margin is improving," said President and Chief Executive Officer
Dave Nelson
, in a statement this morning.
"Results show continued momentum in the company's core business. We are not at the level of profitability we desire, but it is nice to have solid results in these economic times," he said
Share:
"We are pleased to report another profitable quarter. <span class="sent">Asset quality appears to be stabilizing and the net interest margin is improving," said President and Chief Executive Officer <span class="analyst">Dave Nelson</span>, in a statement this morning.</span> "Results show continued momentum in the company's core business. We are not at the level of profitability we desire, but it is nice to have solid results in these economic times," he said....The allowance for loan losses as a percentage of loans outstanding was 2.19 percent at the end of the second quarter, compared to 1.87 percent at the end of 2009, and 2.12 percent in the second quarter a year ago. <span class="sent">"These developments show our progress in working through problem assets," <span class="analyst">Nelson</span> said.</span> Total loans outstanding at the end of the second quarter declined $30.9 million from the previous quarter, and $152 million over the same quarter a year ago."We are seeing reasonable activity in the form of new loan requests, but it is not enough to offset normal run off in the portfolio due to pay offs and scheduled payments," <span class="analyst">Nelson</span> said....Total loans outstanding at the end of the second quarter declined $30.9 million from the previous quarter, and $152 million over the same quarter a year ago."We <span class="sent">are seeing reasonable activity in the form of new loan requests, but it is not enough to offset normal run off in the portfolio due to pay offs and scheduled payments," <span class="analyst">Nelson</span> said.</span> "Banks are criticized for not making loans, but the truth of the matter is that many of our customers are avoiding debt in these uncertain times.". The company's board of directors voted to forgo a quarterly dividend to common shareholders.
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DesMoinesRegister.com - Business:
WestBank profits rise in 2nd quarter
event_date=2010-07-30 12:20:53; sort_date=40389.514502;
Centrica plc
(CNA)
4 minutes ago
Analyst Comment by
Tina Cook
at
Charles Stanley Securities
"As widely anticipated,
CNA
delivered a very strong financial and operational performance in H1. Earning were driven by the downstream business, but are higher across all segments of the Group." said
Tina Cook
, analyst at Charles Stanley Securities.
more
"As widely anticipated,
CNA
delivered a very strong financial and operational performance in H1. Earning were driven by the downstream business, but are higher across all segments of the Group." said
Tina Cook
, analyst at Charles Stanley Securities.
Share:
<span class="sent">"As widely anticipated, <span class="company">CNA</span> delivered a very strong financial and operational performance in H1. Earning were driven by the downstream business, but are higher across all segments of the Group." said <span class="analyst">Tina Cook</span>, analyst at Charles Stanley Securities.</span>
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International Business Times:
Broker Tips: AstraZeneca, British American Tobacco and Centrica
event_date=2010-07-30 12:20:51; sort_date=40389.514479;
The Walt Disney Company
(DIS)
4 minutes ago
Analyst Comment by
Paul Verna
at
eMarketer
I understand why entertainment giant
Disney
bought social game developer Playdom . I also understand that sometimes it's better to buy than build, and this is probably one of those times for
Disney
.
Disney
president and CEO Robert Iger stated it clearly when he told BusinessWeek : "You don't get the kind of growth we want by building from the inside.".
more
I understand why entertainment giant
Disney
bought social game developer Playdom . I also understand that sometimes it's better to buy than build, and this is probably one of those times for
Disney
.
Disney
president and CEO Robert Iger stated it clearly when he told BusinessWeek : "You don't get the kind of growth we want by building from the inside.".
Share:
I understand why entertainment giant <span class="company">Disney</span> bought social game developer Playdom . I also understand that sometimes it's better to buy than build, and this is probably one of those times for <span class="company">Disney</span>. <span class="company">Disney</span> president and CEO Robert Iger stated it clearly when he told BusinessWeek : "You don't get the kind of growth we want by building from the inside.".
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The Walt Disney Company
(DIS)
Chief Pulse Comment by Robert A Iger
Disney
president and CEO
Robert Iger
stated it clearly when he told BusinessWeek : "You don't get the kind of growth we want by building from the inside.".
more
I also understand that sometimes it's better to buy than build, and this is probably one of those times for
Disney
.
Disney
president and CEO
Robert Iger
stated it clearly when he told BusinessWeek : "You don't get the kind of growth we want by building from the inside.".
What I'm wondering is whether Playdom was worth the $563 million price tag that
Disney
plunked down which will swell to $762 million if Playdom meets predetermined performance benchmarks. Now, you might say that a few hundred million is a drop in the bucket for
Disney
.
Share:
I also understand that sometimes it's better to buy than build, and this is probably one of those times for <span class="company">Disney</span>. <span class="sent"><span class="company">Disney</span> president and CEO <span class="analyst">Robert Iger</span> stated it clearly when he told BusinessWeek : "You don't get the kind of growth we want by building from the inside.".</span> What I'm wondering is whether Playdom was worth the $563 million price tag that <span class="company">Disney</span> plunked down which will swell to $762 million if Playdom meets predetermined performance benchmarks. Now, you might say that a few hundred million is a drop in the bucket for <span class="company">Disney</span>.
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The eMarketer Blog:
Disney’s Playdom Acquisition, and Memories of a Certain Social Network Acquired By News Corp
event_date=2010-07-30 12:19:48; sort_date=40389.513750;
Ing Bank, Fsb
5 minutes ago
Chief Pulse Comment by Arkadi Kuhlmann
Creating new value for the self service channel."More and more Americans rely on their smartphones for everyday tasks and responsibilities," said
Arkadi Kuhlmann
, President and CEO of
ING DIRECT USA
.
more
Related Resources Strategy Guide to Branch Office Consolidation for Midsize Businesses Self Service Outsourcing: A Closer Look A Roadmap for the Future.
Creating new value for the self service channel."More and more Americans rely on their smartphones for everyday tasks and responsibilities," said
Arkadi Kuhlmann
, President and CEO of
ING DIRECT USA
.
"If we can help them save their time and money by paying a bill or transferring money while at the beach or a barbecue, then it's a win win for everyone.". ING Direct is promoting its new mobile app with customers through a photo and video contest and YouTube video campaign.
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Related Resources Strategy Guide to Branch Office Consolidation for Midsize Businesses Self Service Outsourcing: A Closer Look A Roadmap for the Future. <span class="sent">Creating new value for the self service channel."More and more Americans rely on their smartphones for everyday tasks and responsibilities," said <span class="analyst">Arkadi Kuhlmann</span>, President and CEO of <span class="company">ING DIRECT USA</span>.</span> "If we can help them save their time and money by paying a bill or transferring money while at the beach or a barbecue, then it's a win win for everyone.". ING Direct is promoting its new mobile app with customers through a photo and video contest and YouTube video campaign.
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Bank Systems & Technology Online:
ING Direct Launches Enhanced iPhone, Blackberry App
event_date=2010-07-30 12:19:38; sort_date=40389.513634;
British Airways plc
(BAY)
6 minutes ago
Chief Pulse Comment by Willie Walsh
"Both are nonsense," Mr
Walsh
said.
more
Neither did he have any truck with Unite figures claiming that 7,000 of
BA
's 12,000 flight attendants had walked out during the 23 strike days.
"Both are nonsense," Mr
Walsh
said.
"Unite highlights this idea there was only £10m between us. There wasn't
Share:
Neither did he have any truck with Unite figures claiming that 7,000 of <span class="company">BA</span>'s 12,000 flight attendants had walked out during the 23 strike days. <span class="sent">"Both are nonsense," Mr <span class="analyst">Walsh</span> said.</span> "Unite highlights this idea there was only £10m between us. There wasn't....They were only offering temporary change.". <span class="sent">Claiming that support for further industrial action was ebbing away, Mr <span class="analyst">Walsh</span> said the strikers were "less than 5,000 and we know our figures are correct.</span> It would appear that their [Unite's] administrative systems aren't working." A Unite spokesman hit back saying: "We know the figures because we are processing strike pay and we have already passed the 6,500 mark."...A 3.3pc fall in total costs beat expectations, while analysts were impressed by the 13.5pc jump in yields broadly revenues per seat. <span class="sent">"We have seen premium traffic return in long haul and also seen yield improvement," Mr <span class="analyst">Walsh</span> said.</span> Revenues slipped 2.3pc to £1.94bn, after a 36.7pc recovery in cargo traffic, but passenger income would have been 11pc higher but for the cabin crew and ash disruption. The pre tax loss compares to a £148m deficit last time....<span class="company">BA</span> said it was on target for a full year pre tax profit despite experts' fears of a "double dip recession". <span class="sent">Mr <span class="analyst">Walsh</span> said it was vital <span class="company">BA</span> started to make consistent profits.</span> "We are now in an environment where access to capital is more difficult and the cost of capital is higher. We have to start growing our profits so we can fund the capex and get back to a position where our shareholders get a dividend."
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Telegraph - Business:
BA's Willie Walsh rounds on union as losses mount
event_date=2010-07-30 12:19:00; sort_date=40389.513194;
General Moly, Inc
(GMO)
6 minutes ago
Chief Pulse Comment by Bruce D Hansen
"Both Hanlong and
General Moly
remain committed to our long term significant relationship and closing this transaction," CEO
Bruce Hansen
said in a statement.
more
The company said it expects to receive $40 million before the end of the year from the closing of the first tranche of equity financing from China's Hanlong (USA) Mining Investment Inc. Hanlong has been seeking approvals from the Chinese government for the financing.
"Both Hanlong and
General Moly
remain committed to our long term significant relationship and closing this transaction," CEO
Bruce Hansen
said in a statement.
"We do not anticipate the delay in receiving Chinese government approval to impact the overall Mount Hope project development timeline.". Click here for
General Moly
's full quarterly earnings report .
Share:
The company said it expects to receive $40 million before the end of the year from the closing of the first tranche of equity financing from China's Hanlong (USA) Mining Investment Inc. Hanlong has been seeking approvals from the Chinese government for the financing. <span class="sent">"Both Hanlong and <span class="company">General Moly</span> remain committed to our long term significant relationship and closing this transaction," CEO <span class="analyst">Bruce Hansen</span> said in a statement.</span> "We do not anticipate the delay in receiving Chinese government approval to impact the overall Mount Hope project development timeline.". Click here for <span class="company">General Moly</span>'s full quarterly earnings report .
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BizJournals - Latest News:
General Moly loss grows in Q2
event_date=2010-07-30 12:18:50; sort_date=40389.513079;
BP plc
(BP)
6 minutes ago
Chief Pulse Comment by Robert E Dudley
BP Plc
will attempt on Tuesday a planned "static kill" operation to seal its ruptured Gulf of Mexico oil well, and hopes to have a relief well finished by the end of August, incoming company CEO
Bob Dudley
said on Friday.
more
BP Plc
will attempt on Tuesday a planned "static kill" operation to seal its ruptured Gulf of Mexico oil well, and hopes to have a relief well finished by the end of August, incoming company CEO
Bob Dudley
said on Friday.
The "static kill" will involve pumping drilling mud and cement into the undersea Macondo well, while the relief well will offer a more permanent plug for the site, which caused the worst off shore oil spill in U. S. history. Dudley told a news conference in Mississippi BP was also in the middle of a $25 billion $30 billion global asset sale, which will help the company meet the costs of the spill clean up and a barrage of related damage claims and lawsuits."We
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<span class="sent"><span class="company">BP Plc</span> will attempt on Tuesday a planned "static kill" operation to seal its ruptured Gulf of Mexico oil well, and hopes to have a relief well finished by the end of August, incoming company CEO <span class="analyst">Bob Dudley</span> said on Friday.</span> The "static kill" will involve pumping drilling mud and cement into the undersea Macondo well, while the relief well will offer a more permanent plug for the site, which caused the worst off shore oil spill in U. S. history. Dudley told a news conference in Mississippi BP was also in the middle of a $25 billion $30 billion global asset sale, which will help the company meet the costs of the spill clean up and a barrage of related damage claims and lawsuits."We...The "static kill" will involve pumping drilling mud and cement into the undersea Macondo well, while the relief well will offer a more permanent plug for the site, which caused the worst off shore oil spill in U. S. history. <span class="sent"><span class="analyst">Dudley</span> told a news conference in Mississippi <span class="company">BP</span> was also in the middle of a $25 billion $30 billion global asset sale, which will help the company meet the costs of the spill clean up and a barrage of related damage claims and lawsuits."We</span> want to absolutely kill this well. The static kill will be attempted on Tuesday....The static kill will be attempted on Tuesday. <span class="sent">The relief well by the end of the month (August)," said <span class="analyst">Dudley</span>, who has been <span class="company">BP</span>'s top executive on the Gulf oil spill since June 4 and who will replace Tony Hayward as <span class="company">BP</span>'s CEO on October 1. "We have begun a rather large asset change at <span class="company">BP</span>. We have about $32 billion liability claims on the books right now.</span> We have a $25 $30 billion asset sale around the globe. Hopefully people will realize that we are serious about meeting our financial obligations," he said....The spill has ruined the livelihoods of fishermen and other business owners along the Gulf Coast and presented a huge challenge to <span class="company">BP</span> and to President Barack Obama's administration. <span class="sent">"This has been a real wake up call for the oil and gas industry," <span class="analyst">Dudley</span> said.</span>
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International Business Times:
BP to try "static kill" on Gulf well Tuesday
event_date=2010-07-30 12:18:48; sort_date=40389.513056;
Apple Inc
(AAPL)
6 minutes ago
Analyst Comment by
Ashok Kumar
at
Rodman & Renshaw
Apple
, based in Cupertino, Calif., last month said it sold 3 million iPad tablet computers in 80 days after they debuted in the U. S. "They can't wait for a second generation of devices from
Apple
or they'll fall too far behind," said
Ashok Kumar
, an analyst with Rodman & Renshaw Inc in New York.
more
Apple
, based in Cupertino, Calif., last month said it sold 3 million iPad tablet computers in 80 days after they debuted in the U. S. "They can't wait for a second generation of devices from
Apple
or they'll fall too far behind," said
Ashok Kumar
, an analyst with Rodman & Renshaw Inc in New York.
Share:
<span class="sent"><span class="company">Apple</span>, based in Cupertino, Calif., last month said it sold 3 million iPad tablet computers in 80 days after they debuted in the U. S. "They can't wait for a second generation of devices from <span class="company">Apple</span> or they'll fall too far behind," said <span class="analyst">Ashok Kumar</span>, an analyst with Rodman & Renshaw Inc in New York.</span>
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Toronto Star All Business:
RIM’s iPad rival due in November: Report
more