visitLincoln National Corp.'s third-quarter profit -- its first in a year -- rose 3.3% on a gain from an asset sale.Shares rose 3.8% to $23.10 in after-hours trading as the life insurer and variable-annuity provider's earnings topped Wall Street's expectations. The stock has quadrupled from a 25-year low last November but is down 20% from its 52-week high two weeksThis copy is for your personal, non-commercial...
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stake sale in state-run power producer NTPC could fetch the government Rs81 billion ($1.7 billion), Sunil Mitra, a senior finance ministry official, said on Friday.Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the proceeds, as it seeks to boost revenues and rein in a widening budget deficit.Since August, share sales in two state firms...
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Ispat Industries today said its board has approved its plans to raise Rs 500 crore by selling shares to investors.The company is mulling different options such as depository receipts, convertible bonds and warrants carring right to subscribe to equity shares and convertible into equity shares in the company , including share sale sale to qualified institutional buyers on a preferential basis.The company's...
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Monday said that its first quarter profit jumped 37% from last year, helped by lower costs, and raised its full-year earnings forecast.The Camden, N.J.-based company reported fiscal first quarter net income of $147 million, or 87 cents per share, compared with $107 million, or 70 cents per share, in the year-ago period.Sales fell 4% from last year, to $2.2 billion. On average, Wall Street analysts...
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Pittsburgh-based Matthews International Corp. reported net income for the fourth quarter ended Sept. 30 of $15.6 million, or 52 cents per share, compared with net income of $20.3 million, or 65 cents per share, in the fourth quarter of 2008.Net income for the year ended Sept. 30 was $57.7 million, or $1.90 per share, compared with last year's net income of $79.5 million, or $2.55 per share.The lower...
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Home Depot is a retailer you want to own now. Target is tempting but just doesn't make the grade.) said Tuesday that its third-quarter profit fell 9% from last year on lower revenue, but results beat analyst expectations.The Atlanta-based company reported third quarter net income of $689 million, or 41 cents per share, compared with $756 million, or 45 cents per share, in the year-ago period. Sales...
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quarterly reports that came in better than expected, Procter & Gamble and Colgate-Palmolive both look buyable.) said Thursday that its third-quarter profit edged slightly lower from last year, hurt by lower sales amid the economic recession.The Cincinnati-based company reported third-quarter net income of $3.31 billion, or $1.06 per share, down slightly from $3.35 billion, or $1.03 per share, in the...
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Timber company Rayonier Inc. said Tuesday its third-quarter profit more than doubled as a huge federal tax credit helped offset weaker lumber revenue.Net income jumped to $81.1 million, or $1.01 per share, from $28.9 million, or 36 cents per share, in the year-earlier period.However, excluding one-time items like the 61 cents per share Rayonier received from a big federal tax credit, the company earned...
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Mutual funds (MFs) sold shares worth a net Rs 308.90 crore on Friday, 23 October 2009, lower than Rs 558 crore on Thursday, 22 October 2009.MFs' net sales of Rs 308.90 crore on 23 October 2009 was a result of gross purchases Rs 618 crore and gross sales Rs 926.90 crore. The BSE Sensex rose 21.07 points or 0.13% to 16810.81 on that day.MFs sold shares worth a net Rs 5093.70 crore in October 2009 (till...
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sells 6.5% stake in UTI Asset Management Company and UTI Trustee CompanyPunjab National Bank has agreed to sale of 6.5% stake in UTI Asset Management Company and UTI Trustee Company to T Rowe Price Global Investment Services.Punjab National Bank has executed the documents on 07 November 2009 for sale of 81,25,000 shares of UTI AMC @ Rs 200 each (aggregating Rs 162.50 crore) and 6,500 shares of UTI...
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