(BK) Company News for September 2, 2011 – Corporate Summary

•    International Business Machines Corp. (NYSE:IBM) announced it was acquiring Algorithmics, a risk analytics firm based in Toronto, Canada, for $387 million in cash

•    Negotiations between Netflix, Inc.’s (NASDAQ:NFLX) and Starz Entertainment regarding the renewal of Starz’s licensing agreement collapsed. Subsequently, the pay cable network announced that it will stop providing its content to Netflix

•    According to reports, Chevron Corp. (NYSE:CVX) announced that a tropical disturbance has forced the company to remove its workers from the Gulf of Mexico

•    CIENA Corp. (NASDAQ:CIEN) reported third quarter Non-GAAP earnings per share of $0.08 that surpassed the Zacks Consensus Estimate of a loss of $0.21 per share

•    Conflicting management styles saw Robert P. Kelly resign as chairman, chief executive officer and director of The Bank of New York Mellon Corporation (NYSE:BK)

•    Verizon Communications Inc. (NYSE:VZ) declared it had hiked its quarterly dividend from $0.48 to $0.50

•    Weakness across all of Toyota Motor Corp.’s (NYSE:TM) models resulted in sales declining by 13%

•    The Goldman Sachs Group, Inc. (NYSE:GS) was ordered by the Federal Reserve to recheck its foreclosure practices, citing a “pattern of misconduct and negligence”

BANK OF NY MELL (BK): Free Stock Analysis Report

CIENA CORP (CIEN): Free Stock Analysis Report

CHEVRON CORP (CVX): Free Stock Analysis Report

GOLDMAN SACHS (GS): Free Stock Analysis Report

INTL BUS MACH (IBM): Free Stock Analysis Report

NETFLIX INC (NFLX): Free Stock Analysis Report

TOYOTA MOTOR CP (TM): Free Stock Analysis Report

VERIZON COMM (VZ): Free Stock Analysis Report

Zacks Investment Research

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.


Powered by Facebook Comments

Similar Posts: | | | | | | | | | | | | | | | | Financial | Money Center Banks

RSS feeds: BK | Chevron Corporation | CIEN | Ciena Corporation | CVX | Goldman Sachs Group | GS | IBM | International Business Machines | Netflix Inc. | NFLX | The Bank of New York Mellon Corporation | TM | Toyota Motor Corporation | Verizon Communications Inc. | VZ | Financial | Money Center Banks |

Other Posts by | RSS Feed for this author