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Toll Brothers 1Q Revenue Slips 22%
Toll Brothers Inc. said home building revenue fell by 22 percent in the first quarter, its seventh consecutive quarterly decline, and warned that it's "not yet seeing much light at the end of the tunnel." Chief Executive Robert Toll, who months ago thought the housing market could be dancing along the bottom, said that despite historically low mortgage rates and falling home prices, a slowing economy could be spooking buyers.
http://biz.yahoo.com/ap/080206/toll_brothers_outlook.html
 
Cigna 4Q Profit Up 13 Percent
Health insurer Cigna Corp. said fourth-quarter profit rose 13 percent as double-digit gains in overseas business as well as group disability and life helped to offset a slight decline in health care earnings. The company also raised its 2008 earnings in anticipation of strong growth in its international and group businesses. Shares of Cigna rose 97 cents, or 2 percent, to $48.78.
http://biz.yahoo.com/ap/080206/earns_cigna.html
 
Barry Diller's IAC/InterActiveCorp lost $369.9 million on Mortgage Woes
The report came as Diller and Liberty Media boss John Malone are battling for control of the Internet conglomerate whose assets include the HSN home shopping network, Ask.com, Ticketmaster, Citysearch, Evite and LendingTree. Revenue at online mortgage referral unit LendingTree fell by 55 percent to $52.1 million as it dealt with a falling housing market. That unit swung to an operating loss of $508.1 million from a profit of $7.2 million in the same quarter of 2006. IAC spent $11.2 million on restructuring costs for LendingTree and wrote down the value of intangible assets by $475.7 million.
http://biz.yahoo.com/ap/080206/earns_iac.html
 
3 Companies Indicted Over Contaminated Pet Food That Killed Dozens of Animals
Two Chinese businesses and a U.S. company were indicted in the tainted pet food incidents that killed dozens of animals last year and raised worries about products made in China. Xuzhou Anying Biologic Technology Development Co., Suzhou Textiles, Silk, Light Industrial Products, Arts and Crafts I/E Co., and Las Vegas-based ChemNutra Inc. were charged in two separate but related indictments. The U.S. attorney's office in Kansas City said the tainted food led to the death and serious illness of pets in the U.S. last year.
http://biz.yahoo.com/ap/080206/toxic_pet_food.html
 
Fivetears said:
3 Companies Indicted Over Contaminated Pet Food That Killed Dozens of Animals
Two Chinese businesses and a U.S. company were indicted in the tainted pet food incidents that killed dozens of animals last year and raised worries about products made in China. Xuzhou Anying Biologic Technology Development Co., Suzhou Textiles, Silk, Light Industrial Products, Arts and Crafts I/E Co., and Las Vegas-based ChemNutra Inc. were charged in two separate but related indictments. The U.S. attorney's office in Kansas City said the tainted food led to the death and serious illness of pets in the U.S. last year.
http://biz.yahoo.com/ap/080206/toxic_pet_food.html
Click to expand...


About Time. I heard about this last year. That's when I still had my Dog "Buddy". Only bought that Dog the best.

I felt very sorry for all the lost Pet's that were killed because of some slimy chinese non American bastards. :mad:
 
Plastics and Resin Maker A. Schulman Is Closing a Plant, Seeking a Buyer for Another
A. Schulman Inc., which makes plastics and resins will close a Canadian plant and seek a buyer for a Texas facility. Both actions are expected to result in charges of $10 million to $15 million. The company's St. Thomas, Ontario, plant makes engineered plastics for cars and has a capacity of 74 million pounds per year. About 120 people work there. Closing the facility is expected to save $6 million to $7 million annually in fiscal 2009. The company's Orange, Texas, facility, primarily processes customer-owned materials for a fee and has a capacity of about 135 million pounds per year. Schulman did not disclose the number of employees at the facility, which it hopes to sell by the end of fiscal 2008.
http://biz.yahoo.com/ap/080206/schulman_capacity_cut.html?.v=1
 
Wrinkle In Whirlpool Growth Story
Here's something that you won't see in the spin cycle from Whirlpool: While its main business is making washers, dryers and other bulky appliances, a big part of its profits are from tax credits. By "big," I mean it appears that last quarter, in a roundabout way, tax credits helped boost Whirlpool's earnings by 26% -- and not just any tax credits, but Brazilian tax credits. That isn't normally the kind of stuff that makes for fun weekend reading. But considering that Whirlpool doesn't go out of its way to point this out when it reports earnings -- there was nothing about Brazilian tax credits in a recent statement heralding "record results" -- I figured that I would. But with earnings per share sailing past expectations by 23 cents, Whirlpool's stock throughout the rest of the week popped more than 10% on the news, with little in the way of any discussion of the role that credits may have played. :suspicious:
http://www.foxbusiness.com/markets/...wrinkle-whirlpool-growth-story_472655_42.html
 
GM chief urges dealers to fight emissions caps
General Motors CEO Rick Wagoner urged a group of auto dealers to lobby against individual states trying to set their own limits on greenhouse gas emissions. Wagoner, speaking to the National Automobile Dealers Association convention in San Francisco, said several states want to go beyond requirements passed by Congress. If that happens and automakers must focus on state regulations, they won't be able to focus as much on alternative fuel vehicles to reduce oil consumption and pollution.
http://www.usatoday.com/money/autos/2008-02-09-gmdealers_N.htm
 
Fivetears said:
Wal-Mart dumps HD DVDs to back Blu-ray
The move by the world's largest retailer caps a disappointing week for HD DVD supporters, who also saw consumer electronics chain Best Buy Co Inc and online video rental company Netflix Inc defect to the Blu-ray camp.
http://news.yahoo.com/s/nm/20080215/bs_nm/walmart_dvd_dc_8;_ylt=ApruyqlVvTvgF2SOpgpFOzIE1vAI
Click to expand...

Yup, it's over. Good thing I only invested $200 into HD-DVD. This is great news for the consumer. The remaining HD-DVD studios will soon switch to Blu-ray.

Since my Toshiba HD-A2 is an excellent DVD upconverter, I'll hang on to it for now.
 
Sharper Image, Lillian Vernon File for Bankruptcy
Troubled retailers Sharper Image Corp. and Lillian Vernon Corp. have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy. Both Sharper Image, known for its high-tech novelty gadgets, and Lillian Vernon, which sells low-cost gifts and gadgets through its catalog and Web site, have long been plagued with falling sales. But an increasingly weak retail environment proved to be the breaking point for the retailers. Consumers have cut back on discretionary spending as credit and housing markets remain weak and high food and gas prices persist.
http://biz.yahoo.com/ap/080220/retail_bankruptcies.html
 
Crocs Declines After 2008 Outlook Falls Below Expectations;
Analyst Says Inventory Is High
The stock dropped $5, or 15.6 percent, to $27.08, after Crocs said it will earn about $2.70 per share for the year on $1.16 billion in revenue. That missed the average profit and sales estimate of analysts polled by Thomson Financial. Separately, Crocs posted an 84 percent rise in fourth-quarter profit, as international demand for the colorful plastic shoes soared.
http://biz.yahoo.com/ap/080220/apfn_crocs_out_of_the_gate.html?.v=1
 
GMAC to cut 930 jobs, close offices
Finance company GMAC said it would restructure its auto finance unit, cutting about 930 jobs and closing offices to conduct business from five regional offices in North America. The job cuts represent about 15 percent of the 6,275 employees in GMAC's auto finance business, the company said. It said the layoffs and office closures would take effect this year and prompt a charge of between $65 million and $85 million. The charge will be taken over the course of 2008, with the majority of the charges in the second half.
For all of 2007, GMAC lost $2.33 billion, including a loss of $4.35 billion at its mortgage unit Residential Capital LLC. That compared with a $2.13 billion overall profit a year earlier.

GMAC has said it expects to be profitable in 2008.
http://www.reuters.com/article/hotStocksNews/idUSWNAS165120080220
 
Heineken avoids 2008 forecast, shares drop
Dutch brewer Heineken met its 2007 net profit target but did not issue clear guidance for 2008 due to higher raw materials costs and fears of a slowing economy, sending its shares down almost 7 percent. The world's fourth largest brewer by sales said its input costs for beer and packaging would rise 15 percent in 2008, compared to 8 percent in 2007, and it could not be sure how consumers would respond to price hikes in response, nor how the economic slow-down would affect their beer consumption.
http://www.reuters.com/article/hotStocksNews/idUSL203694820080220
 
Continental To Reduce Capacity From Hubs In September
Continental Airlines will reduce capacity from its hubs in September, the end of the peak summer season, in the face of record-high fuel prices, the airline said Thursday in an employee bulletin. The move will result in an 11% decline of domestic mainline capacity and a 6.4% drop in consolidated capacity in the fourth quarter from the same period last year. Starting Sept. 3, it will also reduce frequencies in certain markets and discontinue a number of services. At the same time, the airline affirmed it will eliminate 3,000 jobs across the group, including management positions through voluntary and involuntary cuts.
http://www.foxbusiness.com/story/ma...n/continental-reduce-capacity-hubs-september/
 
Fitch Cuts United Rentals To 'B+' From 'BB-'; Outlook Stable
Fitch Ratings on Thursday downgraded the issuer default rating of United Rentals Inc. , the parent company of United Rentals, to B+ from BB-. The move follows United Rental's announcement that it will buy back about 27 million shares which will be financed by debt.
http://www.foxbusiness.com/story/ma...tch-cuts-united-rentals-b-bb--outlook-stable/

United Rentals approved a "modified Dutch auction" tender offer in which the company intends to offer to purchase up to 27,160,000 shares of its common stock at a price not less than $22.00 nor greater than $25.00 per share. The low and high ends of the price range represent a 12.8% and 28.2% premium, respectively. Stock shares are down 1.11% at this minute.

Founded in 1997, United Rentals, Inc. is the largest equipment rental company in the world, with nearly 700 rental locations throughout the United States, Canada, and Mexico. Our diverse customer base includes construction and industrial companies, utilities, municipalities, and homeowners.
 
US Airways to slash 1,700 jobs, cut more capacity
US Airways Group Inc (LCC.N) said on Thursday it will reduce its work force by 1,700, or about 5 percent, and will cut more capacity than planned and introduce new fees as the airline industry battles record fuel prices and a weakening economy. The airline will reduce its fourth-quarter domestic mainline capacity by 6 to 8 percent, having previously planned a 2 to 4 percent cut. The airline will also return 10 aircraft to leasing companies and cancel deliveries of two aircraft.
http://news.yahoo.com/s/nm/20080612/bs_nm/usairways_dc_2;_ylt=AmEO2_lHcFfQ2iVu_abQSrYE1vAI
 
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