Stocks To Watch: Amgen, Boeing, Google, Home Depot, State Street dry cleaners | Business News | Minyanville's Wall Street
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Stocks to watch for Wednesday, August 29, 2007: Amgen ( AMGN ) said a U.S. District Court ruled that a pegylated-erythropoietin, or peg-EPO, product by Roche Holding AG ( RHHBY ) infringes on a patent for Amgen's pharmaceutical compositions. Boeing ( BA ) said it has been awarded a NASA contract to produce the upper stage of the Ares I crew launch vehicle. The contract dry cleaners is valued at roughly $514.7 million. The Ares I will launch the Orion crew exploration vehicle under NASA's Constellation program that plans to take astronauts to the moon by 2020. Boeing said it will produce from two to six upper stages per year during regular production, depending on NASA requirements, producing as many as 23 upper stages. Borders Group ( BGP ) reported a second-quarter net loss of $25.1 million, or 43 cents per basic share, compared with a net loss of $18.4 million, or 29 cents per basic share, during the year-ago period. On an operating basis, the loss was $15.3 million, dry cleaners or 26 cents per basic share, versus an operating loss of $14.5 million, or 23 cents per basis share, last year. Dillard's ( DDS ) reported that it swung to a second-quarter net loss of $25.2 million, or 31 cents a share, from a year-ago net profit of $15.7 million, or 20 cents a share. Revenue in the 13 weeks ended Aug. 4 fell to $1.69 billion from $1.73 billion, the company said, as same-store sales declined 3%. FMC Corp. ( FMC ) said it has executed a new, five-year $600 million unsecured credit agreement with a group of lenders, with the option to increase the facility to $1 billion. The agreement replaces an existing $600 million unsecured credit agreement dry cleaners entered into in June of 2005 and provides for improved pricing and other terms the company said. Google ( GOOG ) said Chief Financial Officer George Reyes is retiring from the company, in one of the first departures from its top executive ranks. Home Depot ( HD ) said its planned share buyback, which was to be funded by the sale of its wholesale-supply dry cleaners business, won't change despite the retailer's agreement to reduce the sale price by more than $1.8 billion. Seagate Technology (STX: News, Quote) raised its fiscal first-quarter earnings and revenue targets Seagate said it expects to earn between 57 cents and 61 cents a share on revenue in a range of $3.15 billion to $3.25 billion. Sony ( SNE ) unveiled its fall lineup of 15 full high-definition flat-screen televisions Wednesday. The ne LCD's are in an effort to prepare for the upcoming hoiliday season. dry cleaners State Street ( STT ) shares fell 4.3% on concerns it could face liabilities from four off-balance sheet "conduit" entities that it backs, and reports that funds it manages have taken sharp losses in the credit-market turmoil.
Market Update dry cleaners Asian trading closed mostly lower with the Hang Seng -1.47%, Nikkei -1.69%, Sensex +0.50%, Taiwan -0.97% and Shanghai -1.64%. A quick check across the pond finds the CAC +0.09%, DAX -0.18%, FTSE +0.29%, ATX -0.81%, Swiss Mkt. -0.37% and Stockholm +0.55%. Crude oil is trading higher +0.38 to 72.11 and gold is also up +0.9 to 674.4 this morning.
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business news Politics And Regulation Markets The Economy Editor's Pick trading and investing Stocks dry cleaners ETFs Fixed Income Earnings Currencies Commodities Options Taxes Personal Finance How To Trade How To Invest sectors Biotech/pharma Consumer Energy Financial Global Markets Media Precious dry cleaners Metals dry cleaners Real Estate Technology Transportation special features Wall Of Worry Random Thoughts Sports Business Minyanville Press Hoofy & Boo Radio MV PREMIUM MV Education center video subscriptions Launch Buzz And Banter Buzz And Banter Keene On Options Tchir's Fixed Income Report Cooper's Market Report dry cleaners Techstrat Report Optionsmith The Stock Playbook Ad Free Minyanville Minyanville Book Store
Stocks to watch for Wednesday, August 29, 2007: Amgen ( AMGN ) said a U.S. District Court ruled that a pegylated-erythropoietin, or peg-EPO, product by Roche Holding AG ( RHHBY ) infringes on a patent for Amgen's pharmaceutical compositions. Boeing ( BA ) said it has been awarded a NASA contract to produce the upper stage of the Ares I crew launch vehicle. The contract dry cleaners is valued at roughly $514.7 million. The Ares I will launch the Orion crew exploration vehicle under NASA's Constellation program that plans to take astronauts to the moon by 2020. Boeing said it will produce from two to six upper stages per year during regular production, depending on NASA requirements, producing as many as 23 upper stages. Borders Group ( BGP ) reported a second-quarter net loss of $25.1 million, or 43 cents per basic share, compared with a net loss of $18.4 million, or 29 cents per basic share, during the year-ago period. On an operating basis, the loss was $15.3 million, dry cleaners or 26 cents per basic share, versus an operating loss of $14.5 million, or 23 cents per basis share, last year. Dillard's ( DDS ) reported that it swung to a second-quarter net loss of $25.2 million, or 31 cents a share, from a year-ago net profit of $15.7 million, or 20 cents a share. Revenue in the 13 weeks ended Aug. 4 fell to $1.69 billion from $1.73 billion, the company said, as same-store sales declined 3%. FMC Corp. ( FMC ) said it has executed a new, five-year $600 million unsecured credit agreement with a group of lenders, with the option to increase the facility to $1 billion. The agreement replaces an existing $600 million unsecured credit agreement dry cleaners entered into in June of 2005 and provides for improved pricing and other terms the company said. Google ( GOOG ) said Chief Financial Officer George Reyes is retiring from the company, in one of the first departures from its top executive ranks. Home Depot ( HD ) said its planned share buyback, which was to be funded by the sale of its wholesale-supply dry cleaners business, won't change despite the retailer's agreement to reduce the sale price by more than $1.8 billion. Seagate Technology (STX: News, Quote) raised its fiscal first-quarter earnings and revenue targets Seagate said it expects to earn between 57 cents and 61 cents a share on revenue in a range of $3.15 billion to $3.25 billion. Sony ( SNE ) unveiled its fall lineup of 15 full high-definition flat-screen televisions Wednesday. The ne LCD's are in an effort to prepare for the upcoming hoiliday season. dry cleaners State Street ( STT ) shares fell 4.3% on concerns it could face liabilities from four off-balance sheet "conduit" entities that it backs, and reports that funds it manages have taken sharp losses in the credit-market turmoil.
Market Update dry cleaners Asian trading closed mostly lower with the Hang Seng -1.47%, Nikkei -1.69%, Sensex +0.50%, Taiwan -0.97% and Shanghai -1.64%. A quick check across the pond finds the CAC +0.09%, DAX -0.18%, FTSE +0.29%, ATX -0.81%, Swiss Mkt. -0.37% and Stockholm +0.55%. Crude oil is trading higher +0.38 to 72.11 and gold is also up +0.9 to 674.4 this morning.
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