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Category:
Press
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Finances
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Limited Brands Reports Third Quarter 2009 Earnings (Popularity:  )
Limited Brands, Inc. (NYSE: LTD) today reported 2009 third quarter results.
Third Quarter Results
Adjusted earnings per share for the third quarter ended Oct. 31, 2009, were $0.02 compared to earnings per share of $0.01 for the quarter ended Nov. 1, 2008, which exclude an income tax benefit in 2009 as detailed below. Third quarter operating income was $58.9 million compared to operating income of $41.2 million last year, and adjusted net ...
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Postal Service Ends 2009 With $3.8 Billion Loss (Popularity: )
The U.S. Postal Service (USPS) today filed its 2009 fiscal year-end financial results, showing a net loss of $3.8 billion for the year -- despite cost-cutting efforts resulting in $6 billion in cost savings and a $4 billion reduction in required payments for retiree health benefits. Cost savings reflect a reduction of 40,000 career USPS employees as well as reductions in overtime hours, transportation and other costs. The $4 billion ...
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Sinovac Reports Unaudited Third Quarter 2009 Financial Results (Popularity: )
Sinovac Biotech Ltd. (Nasdaq: SVA), a leading developer and provider of vaccines, announced today its unaudited financial results for the three-month and nine-month periods ended September 30, 2009.
Financial Highlights
* Sales for the third quarter increased 142% to $21.2 million
* Sales for the nine-month period increased 40% to $47.8 million
* Operating income for the third quarter rose 436% to $12.4 million
* Operating income for the nine-month period ...
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As U.S. Federal Debt Breaks $12 Trillion, Group Launches Drive for Balanced Budget Amendment; (Popularity: )
With the United States Federal debt rising above $12 trillion this week, and the U.S. Treasury auctioning off a record-setting $81 billion in debt this week alone, a nationwide grassroots group has launched its efforts for the enactment of a Balanced Budget Constitutional Amendment, (BBA). The new non-partisan organization, Deficit Free, is calling for Congress to refer to the states a Balanced Budget Amendment by July 4, 2013 and to ...
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U.S. Chamber Calls for Smarter, Not Bigger, Government in Strengthening America's Capital Markets (Popularity: )
The U.S. Chamber of Commerce's Center for Capital Markets Competitiveness (CCMC) today reaffirmed its position on reforming America's capital markets and outlined actions the administration, Congress, and the business community must take to help restore and strengthen our nation's capital markets. The Chamber again called for modernizing the regulations governing our capital markets in a way that puts the economy, jobs, and all investors first.
"We welcome Senate action to reform ...
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Bank of America Extends Nearly $184 Billion in Credit in Third Quarter (Popularity: )
Today, Bank of America issued its third quarterly Lending & Investing Initiative report, which outlines the company's progress in driving economic recovery through 10 key areas, including lending to consumers and businesses of all sizes, support for municipalities and nonprofits, community development and other initiatives.
The report, which delivers on a commitment to provide greater transparency into the company's lending and investing efforts across the enterprise, demonstrates how Bank of America ...
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SCOLR Pharma, Inc. Reports Third Quarter 2009 Financial Results (Popularity: )
SCOLR Pharma, Inc. (Amex: DDD) today reported financial results for the three and nine months ended September 30, 2009.
Stephen J. Turner, SCOLR Pharma's President and CEO, said, "We continue to advance discussions related to licensing our 12-hour ibuprofen formulation. Several potential partners have committed significant resources in time, personnel and external resources as they evaluate the potential commercial and/or licensing opportunity. In the nutraceutical area, we have increased our sales ...
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Thirty-Year Fixed Mortgage Rates Stay Relatively Steady; Most State Rates Remain Below 5.00% (Popularity: )
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased one basis point last week to 4.86 percent, down from 4.87 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.comŽ. Rates for 15-year fixed mortgages fell one basis point to 4.31 percent from 4.32 percent, and 5-1 adjustable rate mortgages fell one basis point ...
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Dow Jones Economic Sentiment Indicator Rebounds; Rises to 36.9, Highest Level Since August 2008 (Popularity: )
The Dow Jones Economic Sentiment Indicator (ESI) rose to 36.9 in October, up from 34.1 in September as a result of positive media coverage of ongoing stock market gains and news that the gross domestic product rose at an annual rate of 3.5 percent in the third quarter. The gain in the ESI runs counter to unexpectedly large drops in two leading consumer-based economic indicators.
The Dow Jones Economic Sentiment Indicator ...
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Alliance Financial Corporation Announces Commencement of Underwritten Public Offering of Common Stock (Popularity: )
Alliance Financial Corporation (the "Company") (Nasdaq: ALNC), the holding company for Alliance Bank, N.A., (the "Bank") today announced its intention to commence a public offering of approximately $25 million of its common stock. The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange Commission ("SEC") on Form S-3 (File No. 333-161838). The Company expects to ...
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