In a sign that consumer spending may be on the rebound, Visa on Wednesday reported its fiscal fourth-quarter profit jumped 51% from a year ago. But shares fell after the company released disappointing guidance for the next year…
McDonald’s, Caterpillar and Verizon are all major American companies that play an influential role in our daily lives. But while you may (or may not) admire and respect them, should you covet their stocks?
Continue reading Face-Off on Stocks: McDonald’s, Caterpillar, Verizon [VIDEO]
Face-Off on Stocks: McDonald’s, Caterpillar, Verizon [VIDEO] originally appeared on DailyFinance on Wed, 27 Oct 2010 12:14:00.
Filed Under: Investing, Earnings, Stock Picks, Video
CommScope (CTV), a maker of telecommunications equipment, agreed to be purchased by private equity firm The Carlyle Group for $3.9 billion.
Under the terms of the deal, Carlyle will acquire all of the outstanding shares of CommScope common stock for …
Sprint-Nextel Corp (S) reported a loss of 30 cents per share for the third quarter, compared with a loss of 17 cents per share in 2009.
Revenues rose 1% to $8.2 billion, the company said in a statement.
The increased loss was partly due to the company subsidizing customer upgrades to phones capable of working on its new network.
Sprint had “elevated subsidy levels as part of the…
Continue reading Sprint-Nextel Loss Grows to 30 Cents Per Share
Sprint-Nextel Loss Grows to 30 Cents Per Share originally appeared on DailyFinance on Wed, 27 Oct 2010 08:12:00.
Filed Under: Company News, Technology, Earnings, Media, Sprint Nextel Corp, Retail
Procter & Gamble, seller of Tide laundry detergent, Gillette shaving products and Pringles chips, reported earnings declined 7% to $3.08 billion in the fiscal first quarter. Earnings from continuing operations, however, rose 2%…