Coca-Cola announced that it earned $1.87 billion, or 41 cents per share, during the fourth quarter, up from $1.66 billion, or 36 cents per share, in the same period last year. Excluding one time items, earnings were 45 cents per share, beating analyst estimates by 1 cent.
IOC leaders dropped wrestling from the Olympic program on Tuesday, a surprise decision that removes one of the oldest Olympic sports from the 2020 Games.
Joint Chiefs are telling Congress reductions in military strength could begin as soon as sequestration starts on March 1.
European finance ministers holding talks ahead of the upcoming G20 meeting in Moscow rejected a call by France to intervene to tackle the strong euro. It came as the G7 tried to cool international tension over exchange rates and the weakening Japanese yen. Joanna Partridge reports
Money Watchers Examine Mobile’s Finances
Nike (NKE) was upgraded by JP Morgan (JPM) from overweight to neutral as the firm expects earnings to grown over the next several years. Shares are higher by about nine tenths of a percent.
Boise Cascade Company (BCC) today announced the closing of its previously announced underwritten IPO of 11,764,706 shares of its common stock at a price to the public of $21.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 1,764,706 shares of common stock from Boise Cascade.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at one noteworthy recent insider buys.
Ameren Corporation (AEE) maintained its quarterly dividend of 40 cents per share. The common share dividend is payable March 29, 2013, to shareholders of record on March 13, 2013.
In trading on Monday, grocery & drug stores shares were relative leaders, up on the day by about 0.9%. Leading the group were shares of Alon Holdings Blue Square Israel (BSI), up about 8.8% and shares of Kroger (KR) up about 1.6% on the day.
