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FTD: Daimler Nearly Halves Employee Regulations To 1000, Further Cuts Expected
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Tue, 07 Feb 2012 03:23:14 GMT
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German automotive major Daimler AG (DDAIF.PK) has reduced the number of employee regulations to 1000 from the previous 1,800, according to the Financial Times Deutschland on Monday. The company is reportedly in the process of further cutting the regulations governing its employees in order to simplify decision making procedures.
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IDEX Q4 Profit Tops View; Sees Higher Earnings In 2012 - Update
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Tue, 07 Feb 2012 02:02:16 GMT
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IDEX Corp. (IEX) on Monday reported a 14 percent increase in profit for the fourth quarter on higher revenues. Both earnings and revenue beat analysts\' expectations. Looking ahead, the company forecasts higher earnings for the first quarter and fiscal year 2012.
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Regal Beloit Q4 Profit Rises, Tops View; Guides Q1 In Line
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Tue, 07 Feb 2012 01:45:13 GMT
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Power generation products manufacturer Regal Beloit Corp. (RBC) reported Monday a profit for the fourth quarter that increased from last year, boosted by improved operating margins and revenue growth. Both adjusted earnings per share and quarterly revenues topped analysts\' expectations. The company also provided earnings forecast for the first quarter, in line with Street view.
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NCR Slips To Q4 Loss; To Sell Entertainment Line Assets To Redbox
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Tue, 07 Feb 2012 01:13:22 GMT
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ATM and cash dispenser maker NCR Corp. (NCR) on Monday reported a net loss for the fourth quarter as higher one-time expenses, including an impairment charge and pension expenses, offset an increase in revenues. Excluding one-time items, adjusted earnings rose from last year.
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Veeco Instruments Q4 Profit Plunges; Shares Down On Weak Outlook
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Tue, 07 Feb 2012 01:04:50 GMT
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Semiconductor equipment maker Veeco Instruments, Inc. (VECO) reported Monday a profit for the fourth quarter that plunged from last year, reflecting lower revenues amid a drop in orders. The company\'s shares dropped more than 4 percent after it provided week guidance for the first quarter, and full-year 2012.
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National Retail Properties Q4 FFO Rises; Boosts 2012 Outlook
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Mon, 06 Feb 2012 15:29:01 GMT
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Real estate investment trust National Retail Properties, Inc. (NNN) reported Monday funds from operations or FFO for the fourth quarter that nearly doubled from last year, reflecting revenue growth. The company also raised its FFO forecast for the full-year 2012, citing strong investment activity in 2011.
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Merck Plans To File NDA For Insomnia Drug Suvorexant In 2012 - Update
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Mon, 06 Feb 2012 15:06:51 GMT
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Drugmaker Merck & Co. Inc. (MRK) said Monday that based on the positive results from two pivotal Phase III efficacy trials for its experimental insomnia drug Suvorexant, it plans to file a new drug application or NDA with the U.S. Food and Drug Administration in 2012. Merck anticipates Suvorexant as one of the five major U.S. filings for 2012 and 2013.
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Loews Q4 Profit Drops 42% - Update
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Mon, 06 Feb 2012 14:46:35 GMT
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Diversified holding company Loews Corp. (L) reported Monday a profit for the fourth quarter that dropped 42 percent from last year, reflecting lower investment income and higher insurance reserves for the payout annuity business. Earnings per share for the quarter came in lower than analysts\' expectations.
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HCA Holdings Q4 Profit Soars; Sees Higher Earnings In 2012
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Mon, 06 Feb 2012 14:12:07 GMT
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Hospital operator HCA Holdings, Inc. (HCA) on Monday reported a profit for the fourth quarter that soared from last year, reflecting higher revenues and a hefty gain on the acquisition of a controlling stake in the HealthONE joint venture.
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Air Canada January Load Factor Rises; Traffic Up 3.3% - Update
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Mon, 06 Feb 2012 13:59:02 GMT
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Air Canada(AC_A.TO), Canada\'s largest airline, reported Monday a 1.1 percentage points increase in load factor for January from the same month last year, primarily reflecting better performance on U.S. transborder routes. Monthly traffic increased 3.3 percent and capacity improved 1.9 percent from the previous year.
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Sysco Q2 Profit Down 3%, But Tops View
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Mon, 06 Feb 2012 13:31:18 GMT
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Food-distribution giant Sysco Corp. (SYY) reported Monday a profit for the second quarter that declined 3 percent from last year, as sales growth was more than offset by higher food costs. Both adjusted earnings per share and quarterly revenues topped analysts\' expectations.
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Towers Watson Q2 Profit Tops View; Lifts Full-year Outlook
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Mon, 06 Feb 2012 12:11:57 GMT
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Professional services provider Towers Watson & Co. (TW) Monday reported a 39 percent surge in profit for the second quarter on strong revenue growth and higher margins across all segments. Both earnings and revenue topped analysts\' expectations. Buoyed by the results, the company raised its earnings outlook for fiscal year 2012.
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