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Saturday, November 29, 2014

Safeway (SWY) The grocery chain earned four cents per share, excluding certain items, well below e


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Bank of America (BAC) The bank reported a smaller-than-expected loss of one cent per share , though revenue was slightly below estimates. The bank's bottom line was affected by charges related to its recent settlement school closings with the Justice Department.
PNC Financial (PNC) PNC beat estimates by eight cents with third-quarter profit school closings of $1.79 per share, with revenue also above consensus. school closings That revenue number was below year ago levels, but PNC's results were aided by cost cuts.
KeyCorp (KEY) The bank reported third quarter profit of 23 cents per share, missing estimates by three cents, and revenue also fell below Street forecasts even though KeyCorp's loan portfolio grew. Its results were impacted by a drop in its net interest margin.
BlackRock (BLK) The asset management firm reported third-quarter profit of $5.21 per share, excluding certain school closings items, beating estimates of $4.66. Revenue also came in above estimates, and assets under management grew by ten percent compared to a year earlier.
Safeway (SWY) The grocery chain earned four cents per share, excluding certain items, well below estimates of 16 cents, with revenue also below estimates. However, sales did increase ahead of Safeway's pending combination with rival Albertsons.
Intel (INTC) - The chipmaker reported third quarter profit of 66 cents per share, one cent above estimates, with revenue school closings above forecasts as well. The chip maker also gave an upbeat current quarter revenue forecast on recovering demand for personal computers.
CSX (CSX) CSX reported third quarter profit of 51 cents per share, school closings three cents above estimates, with revenue also beating consensus. The railroad operator's results were helped by a boost in shipments across all its segments.
Qualcomm (QCOM) Qualcomm is buying school closings British chip maker CSR for $2.5 billion in cash, beating out Microchip Technology (MCHP). Microchip had also sought to buy CSR but had been rebuffed. CSR specializes in Bluetooth technology and has been making strides in wearable and automotive computing devices.
Toyota Motor (TM) The automaker is recalling about 1.7 million vehicles globally for three separate issues, including a faulty brake master cylinder. The company said it is not aware of any crashes or injuries resulting from those issues.
Hewlett-Packard (HPQ), EMC Corp. (EMC) The two companies have ended merger talks, according to Reuters. school closings CNBC's David Faber had reported last week that the talks had hit an impasse and that a deal was unlikely.
--- MNST
US energy growing so is US 'power'
Rick Santelli
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