AutoZone Quarterly EPS Jumped to $5.66

AutoZone Inc (AZO) reported diluted earnings per share of $5.66 for the quarter ended Aug. 28, a 27.7% increase from a year earlier.

Net sales rose 9.5% from a year earlier to $2.4 billion in the fourth quarter of fiscal 2010, the auto parts company said in a statement. AutoZone opened 80 new stores in the U.S. in the quarter, and 26 new stores in Mexico.

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The company repurchased…

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AutoZone Quarterly EPS Jumped to $5.66 originally appeared on DailyFinance on Tue, 21 Sep 2010 08:24:00.

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ConAgra Misses Earnings Estimates, Hikes Dividend

ConAgra Foods (CAG) posted earnings from continuing operations of 32 cents a diluted share for the first quarter of fiscal 2011, compared with 37 cents a share a year earlier.

Sales fell 2.4% from a year earlier to $2.8 billion, the company said in a statement.

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“Our fiscal first-quarter margins and EPS were lower than planned because of an intense promotional environment and…

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ConAgra Misses Earnings Estimates, Hikes Dividend originally appeared on DailyFinance on Tue, 21 Sep 2010 08:00:00.

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Lindsay Lohan Drops Lawsuit Against E-Trade for Baby Ad

Lindsay Lohan

Lindsay Lohan settled a $100 million lawsuit against E-Trade Financial Corp (ETFC) for allegedly modeling a “milkaholic” baby girl in an ad after her.

The case was withdrawn with prejudice, meaning it cannot be brought again, Reuters said. Details of the settlement were not immediately available.

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“It was a simple business decision. We always have to consider the cost and time…

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Lindsay Lohan Drops Lawsuit Against E-Trade for Baby Ad originally appeared on DailyFinance on Tue, 21 Sep 2010 07:32:00.

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Bank of America Reportedly Planning Layoffs

Bank of America

Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls.

Bank of America, the country’s largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources.

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“This sounds like an acceleration of the usual year-end cutbacks among the lowest…

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Bank of America Reportedly Planning Layoffs originally appeared on DailyFinance on Tue, 21 Sep 2010 07:02:00.

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BP Will Join Other Oil Giants in Spill Response Group

BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A).

BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.

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The other four oil companies said they would spend $1 billion on…

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BP Will Join Other Oil Giants in Spill Response Group originally appeared on DailyFinance on Tue, 21 Sep 2010 06:49:00.

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