TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Burlington Northern Q3: Beats, But Volumes Down Again Zacks.com submits: Burlington Northern Santa Fe Corp’s (BNI) third quarter earnings came in at $1.36 per share, ahead of the Zacks Consensus Estimate of $1.28 per share. Last year, the company had a profit of $1.99 per share. Results were negatively affected by a decline in freight volumes, partially offset by reduced costs. Total revenues declined 27.0% year over year to $3.6 billion. The decline was brought about by a decrease in fuel surcharges coupled with lower unit volumes, partially offset by improved yields. Complete Story » seekingalpha.com |
Raytheon Co. Q4 2009 Earnings Call Transcript Raytheon Co. (RTN)Q4 2009 Earnings CallJanuary 28, 2010 9:00 am ETComplete Story » seekingalpha.com |
Western Union Prices 2020 Notes Zacks.com submits: Money transfer company Western Union Inc. (WU) announced Friday the pricing of its new issue of notes due 2020. The exchange price has been set at $1,070.10 for each $1,000 principal amount of old notes tendered.Western Union, which announced the new issue of notes earlier during the month, is doing so to exchange $500 million of aggregate principal notes outstanding due 2011. The new notes will carry an interest rate of 5.253%, with expiration due in Apr 2020.Complete Story » seekingalpha.com |
Northrop Grumman: A Bullish Case for Defense Ockham Research submits: Northrop Grumman (NOC) is trading higher by more than 3% on Wednesday morning following news that the company will consider spinning-off its shipbuilding business. On Tuesday, the defense contractor announced that it will be shuttering one of its seven shipyards, the Avondale facility in Louisiana, in an effort to reduce costs and consolidate its Gulf Coast shipbuilding operations in Mississippi. At the same time, Northrop has hired Credit Suisse (CS) to advise them on potentially selling the entire unit which was responsible for sales of $6.2 billion last year. Northrop had seen supplying the US Navy with ships and aircraft carriers as core to their business, but they are reviewing that strategy as the Pentagon has said it will focus priorities on smaller, more nimble weaponry. As Northrop attempts to conform to new guidelines from the Pentagon, CEO Wes Bush sees little remaining synergies between shipbuilding and the rest of their business. Profit margins for the Navy’s largest supplier of ships had slipped to just 4.8%, or less than half of competitor General Dynamics (GD). Already one of the lowest profit margin segments of its business, the reduction of costs and potentially $4.6 billion that could be garnered from a sale of the shipbuilding unit has to be at least intriguing to Northrop’s management and shareholders.Complete Story » seekingalpha.com |
Why You Do Not Want to Invest in the 'New' General Motors Investment U submits: By Tony D’AltorioIt wasn’t that long ago that General Motors underwent a US government-bankrolled bankruptcy that all but wiped out its existing shareholders. Now, thirteen months later, General Motors is filing for an initial public offering (IPO).Complete Story » seekingalpha.com |