Whirlpool to invest $55 mn in new plant in MexicoOctober 9th, 2009 MONTERREY - The Mexican unit of US-based Whirlpool Corporation plans to invest $55 million in a new plant in the northern state of Nuevo Leon, a company executive said. The new plant, located in the city of Apodaca, will begin operation in 2010.
US Airways offering of 29 million shares raises $137.3 millionSeptember 30th, 2009 US Airways raises $137.3 million in stock offeringTEMPE, Ariz. — US Airways Group Inc.
Ford, General Mills, Calpine, Cemex, US Airways are among big market movers WednesdaySeptember 23rd, 2009 Ford, General Mills, Calpine are among big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Ford Motor Co., up 35 cents at $7.36
The automaker is targeting the fast-growing Asian market, boosting production in the region, and will make a low-cost small car in India. General Mills Inc., up $2.83 at $63.80
Cheaper ingredients and strong demand for the food maker's products grew first quarter profit, and it raised its outlook for the year.
Citigroup, Best Buy, Charles Schwab, Smithfield Foods, Blockbuster are among big market moversSeptember 15th, 2009 Citigroup, Best Buy, Charles Schwab big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Citigroup Inc., down 40 cents at $4.12
Media reports said the bank is weighing a multibillion-dollar stock offering to repay bailout aid, while the government cuts its stake. Kroger Co., down $1.65 at $20.46
Consumers' weak spending drove the grocery store to cut prices, hurting second-quarter sales, and it cut its profit guidance for the year.
Beazer Homes prices 12 percent senior notes due 2017 at 89.5 percent of the principal amountSeptember 3rd, 2009 Beazer Homes prices senior notes at a discountATLANTA — Beazer Homes USA Inc. on Thursday said its private offering of senior secured notes was priced equal to 89.5 percent of the $250 million aggregate principal amount of the notes.
Whirlpool rises with market amid signs of economic improvement, forthcoming federal rebatesAugust 20th, 2009 Whirlpool follows broader market higherNEW YORK — Shares of Whirlpool Corp. rose on Thursday amid broader market gains and optimism that upcoming federal rebates will boost sales of home appliances, such as refrigerators and washing machines.
Fannie Mae, AIG, Crocs, Leap Wireless, CBS, Beazer are among big market movers FridayAugust 7th, 2009 Fannie Mae, AIG, Crocs, Leap Wireless big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Fannie Mae, down 13 cents at 66 cents
The government-sponsored mortgage finance company posted another huge quarterly loss and said it will tap $11 billion in new federal aid. Colonial BancGroup Inc., down 21 cents at 49 cents
The bank is under criminal investigation by the government over alleged accounting irregularities at its mortgage warehouse lending unit.
Homebuilder Beazer Homes' third-quarter loss narrows to $27.9 million, revenue tumblesAugust 6th, 2009 Beazer Homes sharply narrows its 3Q lossBeazer Homes USA Inc. said Thursday it cut its fiscal third-quarter loss sharply, largely because of a gain from a reduction in its debt load, and the homebuilder noted new home order trends showed signs of improvement.
Beazer Homes adopts shareholder rights plan aimed at preserving tax benefits from prior lossesJuly 31st, 2009 Beazer Homes adopts shareholder rights planATLANTA — Homebuilder Beazer Homes Inc. on Friday said its board adopted a new shareholder rights plan aimed at preserving the tax benefits it can book from its prior losses.
Varian, Aetna, Plains Exploration, Mylan, RadioShack are among big market movers MondayJuly 27th, 2009 Varian, Aetna, Plains Exploration are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Verizon Communications, down 50 cents at $31
The telecom said it was cutting more than 8,000 wireline jobs to cut costs as its second-quarter profit narrowly beat analysts' estimates. Aetna Inc., down 72 cents at $25.72
An unexpectedly big jump in medical costs led the health insurer to cut its 2009 profit guidance for the second time since June.
Whirlpool North America president Mike Todman sees small pent-up consumer demandJuly 22nd, 2009 On the Call: Whirlpool NA President Mike TodmanDuring the recession, amid job uncertainty and falling home prices, concerned consumers have put off buying many big-ticket items. Whirlpool Corp., the world's largest manufacturer and marketer of major home appliances, reported Wednesday that its second-quarter revenue dropped 18 percent from the same period last year, including a 17 percent dip in North America.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Whirlpool, the world's largest maker of major home appliances, says its second-quarter profit fell 33 percent as consumer demand for its products significantly weakened.
SEC charges former Beazer Homes chief accounting officer with fraudJuly 1st, 2009 SEC accuses former Beazer Homes official of fraudATLANTA — The Securities and Exchange Commission charges the former chief accounting officer at Beazer Homes USA with committing fraud and misleading company auditors. The SEC says in a complaint filed in federal court in Atlanta that Michael T.
Federal prosecutors in file criminal fraud conspiracy charges against Beazer HomesJuly 1st, 2009 Criminal charges filed against Beazer HomesATLANTA — Federal prosecutors in North Carolina have filed criminal fraud conspiracy charges against Beazer Homes USA. The Atlanta-based homebuilder has been under scrutiny for certain business and financial practices.
Qualcomm posts big fiscal 2nd-quarter loss on legal settlement with BroadcomApril 27th, 2009 Qualcomm posts 2nd-qtr loss on legal settlementSAN DIEGO — Qualcomm Inc. posted a fiscal second-quarter loss Monday on a hefty payment to rival chip maker Broadcom Corp.