Cincinnati Bell (CBB) announced third quarter results with adjusted earnings per share of 11 cents, falling short of the Zacks Consensus Estimate by a penny. However, this was above the year-ago EPS of 10 cents.   Adjusted EPS excludes special items such as restructuring charges, loss on disposal of assets and gain on extinguishment of debt. Net income increased 4% year over year to $28 million while revenue fell 3% from the prior-year quarter to $338 million as a result of the declines across wireline and wireless segments.   Wireline Segment   The company reported wireline revenues of $191 million down 5% from the year-ago quarter. Lower voice revenues (down 14% year over year to $83 million) and long-distance revenues (down 3% to $24 million) were partially offset by an increase in revenues from data services (up 2% to $70 million).   At the end of the quarter, ...

Westway Group, Inc., a provider of bulk liquid storage services and a leading manufacturer/distributor of liquid animal feed supplements, recently announced that the company’s wholly owned subsidiary, Westway Terminal Cincinnati, LLC, has acquired the storage assets, contractual relationships and property of Southside River-Rail Terminal, Inc. located in Cincinnati, Ohio for approximately $20 million in cash.

As one of the largest independent, full-service bulk liquid handling facilities in the Midwestern United States, Southside River-Rail handles barges, rail and truck operations, and has over 35 million gallons of bulk liquid storage capacity. The terminal facility that was acquired by Westway is located immediately adjacent to an existing Westway-owned liquid animal feed supplement operation, which will provide synergies for both the terminal and feed operations.

“We are excited about the addition of Southside River-Rail to our portfolio, which brings Westway’s total storage capacity to over 350 million gallons,” stated Wayne Driggers, chief operating

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Jones Lang LaSalle Incorporated (JLL), a leading real estate investment trust (REIT), has recently tied up with Real Estate Disposition LLC, a global leader in real estate auction marketing, for online auctions of commercial properties.   The strategic move is intended to provide an impetus to the beleaguered commercial real estate market that was bogged down in the continued economic downturn and sub-prime crisis. The online auction program would increase the scope of traditional outreach and expose the property to a comparatively wider base of investors. The first property to be auctioned online is an office building spanning 100,000 square feet in Ohio. The building was earlier occupied by Procter & Gamble Co (PG) and later became a surplus facility for the company when it shifted its headquarters to Cincinnati. Jones Lang is a leading full-service real estate firm that provides corporate, financial and investment ...

The Goodyear Tire & Rubber Co. (GT) revealed that it reached a tentative four-year agreement on a United Steel Workers (USW) deal, about three hours before a midnight deadline for expiration last Saturday. The new contract covers about 10,300 employees at seven tire plants in the U.S. The plants are in Akron, Ohio; Buffalo, New York; Danville, Virginia; Fayetteville, North Carolina.; Gadsden, Alabama; Topeka, Kansas; and Union City, Tennessee.

The three-year old contract has been extended twice. Goodyear was in talks with USW in Cincinnati since June 8. The steelworkers were adamant throughout the negotiations about maintaining their job security. However, Goodyear did not disclose any details about the deal, especially on job cuts and plant closures.

Goodyear is focused on streamlining its operations by achieving cost reductions of $2.5 billion by 2009. Of this, the company already achieved $1.8 billion by the first half of the year. Goodyear anticipated that

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Thursday August 27, 2009

PennyOmega.com Stock Report!

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G. Willi-Food International Ltd. (NASDAQ: WILC), one of Israel’s largest food importers and a single-source supplier of one of the world’s most extensive range of quality kosher food products, today announced its unaudited financial results for the second quarter and for first six months ended June 30, 2009.

CPI Corp. (NYSE: CPY) today announced it will release fiscal 2009 second-quarter results before the market opens on Tuesday, September 1, 2009. The news release will be followed by a conference call at 10 a.m. CT with management. To participate in the call, please dial 800-706-7745 or 617-614-3472 and reference passcode 43794844

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DrStockPick.com Stock Report!

Wednesday August 26, 2009

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SPOT LLC, a wholly-owned subsidiary of Globalstar Inc. (Nasdaq:GSAT) and a leader in personal satellite messaging and emergency communications, today announced that its award-winning SPOT Satellite GPS Messenger(tm) will be available in Best Buy Co., Inc (NYSE:BBY) retail locations nationwide. Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. Starting today, consumers can purchase the SPOT Satellite GPS Messenger at Best Buy stores in the United States and online at www.bestbuy.com

Phoenix Technologies Ltd. (Nasdaq: PTEC), the leader in PC 3.0(TM) products, services and embedded technologies, today announced plans to participate

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[Editor's Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its mid-year forecast series, Money Morning examines the outlook for U.S. banks for the rest of this year. To see earlier stories from our mid-year forecast series, please click here.] By Martin Hutchinson Contributing Editor Money Morning

Can U.S. bank stocks continue their winning streak?

In February, I analyzed the top 12 U.S. banks to determine whether they really needed $1.5 trillion in taxpayer-provided bailout capital. I concluded that only a few of those banks seemed to be in any danger of collapse, and actually recommended several.

Policymakers and the market later came to agree with me: The Standard & Poor’s 500 Financial Index has more than doubled from its March low and several bank stocks have posted triple-digit …

RNR, RenaissanceRe Holdings Ltd.

AFG, American Financial Group Inc.

 

DrStockPick Watch List!

DrStockPick Watch List! for Wednesday July 29, 2009

 

My Picks for Wednesday July 29, 2009 are:

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AFG, American Financial Group Inc.

AFG is an insurance holding company, based in Cincinnati, Ohio with assets in excess of $25 billion. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed, indexed and variable annuities and a variety of supplemental insurance products.

Today after Closing Bell, AFG reported Record Second Quarter and Six Month Core Net Operating Earnings attributable

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Gannett Co. (GCI), the news and information company, has been struggling with plummeting advertising revenue for a long time, which has forced job cuts to control rising operating costs. The advertising revenue dipped 34.1%, whereas circulation revenue plunged 3.1% in the first quarter of 2009.

Recently, on July 2, 2009, the company announced that it would lay off 1,400 employees or about 3% of its headcount this month at its publishing division. Gannett announced that each of its markets will complete its own downsizing plan depending on local conditions.

On July 9, 2009, the Courier-Journal newspaper operating in the Louisville market laid off 44 employees, or 7% of its work force, as part of the company’s downsizing plan. Earlier, 51 employees were laid off in December 2008. The Arizona Republic newspaper operating in Phoenix lowered its headcount by 100.

The company also started executing its plans to eliminate 106 full-time and 19

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Strayer Education, Inc. (STRA) has seen solid share price advances against the broader market. The company has also been the subject of higher estimate revisions on a record first quarter.

Company Description

Strayer Education, an education services holding company, owns Strayer University and other assets. The company's mission is to make higher education achievable and convenient for working adults in today's economy.

Strayer offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health care, and public administration to more than 45,000 working adult students at 65 campuses in 14 states, Washington, D.C. and worldwide via the Internet.

Founded in 1892, Strayer University is accredited by the Middle States Commission on Higher Education.

Rising Forecasts

The company, which has outperformed the market over the pas year, is seeing higher estimate revisions on a record first quarter.

Analysts are

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