Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
From Bloomberg | Libertyville-based Motorola Mobility Holdings and Research In Motion may lose more than 6.5 million in combined phone shipments this year as Verizon Wireless begins to offer Apple’s iPhone, according to JPMorgan Chase & Co.
The Verizon iPhone could lead to a 55 percent drop in Motorola’s earnings per share, Rod Hall, an analyst at JPMorgan in San Francisco, wrote in a research note.
Power company Exelon Corp. forecast a 5 cent and 3 cent reduction for its 2010 and 2011 earnings respectively, hit by the combined effect of pension contributions and the recently passed tax legislation.
The Chicago-based company said the direct impacts of the tax legislation will reduce its 2010 earnings by about 1 cent per share and 2011 earnings by about 11 cents per share because of a cut in the manufacturing tax deduction for which it was eligible. Get the full story »
From Bloomberg News | Riverwoods-based Discover Financial’s call options trading jumped to triple the four-week average, amid wagers that Discover’s stock will rally after its Dec. 16 earnings report.
Manufacturers enjoyed big gains on Wall Street in the third quarter, outperforming the S&P 500, as signs of a faltering U.S. recovery sent investors piling into companies like Caterpillar Inc. and Cummins Inc. that generate most of their sales overseas.
But the sustainability of those gains will be tested this month as the big industrials report their quarterly results and update investors on the outlook for the rest of the year. Get the full story »
