Textron Inc (TXT) has flown past the Zacks Consensus Estimate of a loss of 2 cents per share to register earning per share (EPS) of 12 cents in the third quarter of fiscal 2009. However, it fell far short of the year-ago figure of 85 cents per diluted share. The company also digested a $42 million charge in the quarter (10 cents per share) for its ongoing restructuring program. Revenues cascaded 27% to $2.5 billion in the reported quarter from $3.5 billion in the year-ago quarter. The Cessna segment’s revenues decreased $593 million year-over-year to $825 million, primarily reflecting lower delivery of Citation jets (68 jets compared to 124 in the year-ago quarter). Bell’s revenues decreased $74 million year-over-year to $628 million on account of lower commercial helicopter revenues. Revenues for the Industrial segment decreased $203 million to $523 million compared to year-ago quarter due to ...

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Tuesday October 13, 2009

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) has announced that it has filed PCT patent applications for new International Patent protections for its Nano Cavitation Technologies

Medtronic, Inc. (NYSE: MDT), announced today the initiation of a feasibility study of an interventional treatment for erectile dysfunction (ED) that uses a specially-designed drug-eluting stent system. The study, called ZEN (Zotarolimus-Eluting Peripheral Stent System for the Treatment of Erectile Dysfunction in Males with Sub-Optimal Response to PDE5 Inhibitors), is being

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Thursday August 27, 2009

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Bank of the Ozarks, Inc. (NASDAQ: OZRK) will be presenting at the Rodman & Renshaw Annual Global Investment Conference in New York, NY, on September 9, 2009 at 2:00 p.m. EDT. The Company will be represented by George Gleason, Chairman and Chief Executive Officer, and Greg McKinney, Executive Vice President and Controller.

In today’s tough economic climate, the majority of U.S. hospitals are challenged to generate low single-digit profit margins given the impact of rising supply costs, variances in supply utilization, and reduced revenue due to changes in patient volumes and payor reimbursement. To address these existing challenges, MedAssets, Inc. (NASDAQ: MDAS) is

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Wednesday August 19, 2009

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Overwatch, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, is working with the Jane Goodall Institute (JGI) as the organization uses Feature Analyst to map the terrain in and around Tanzania’s Gombe National Park for the identification of areas for potential reforestation in an effort to benefit both people and chimpanzees.

On Track Innovations Ltd., (OTI) (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, announced today that it will report first half 2009 financial results on Tuesday, August 25, at 9:00 a.m. Eastern Daylight Time.

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Friday July 31, 2009

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Jefferson Bancshares, Inc. (Nasdaq:JFBI), the holding company for Jefferson Federal Bank, announced net earnings for the quarter ended June 30, 2009 of $683,000, or $0.11 per diluted share, compared to net earnings of $494,000, or $0.09 per diluted share, for the quarter ended June 30, 2008. For the year ended June 30, 2009, net earnings were $2.6 million, or $0.43 per diluted share, compared to $1.2 million, or $0.22 per diluted share, for fiscal 2008. The 2009 results reflect the Company’s acquisition of State of Franklin Bancshares, Inc., the parent company of State of Franklin Bank, a Tennessee chartered savings bank headquartered in Johnson City, Tennessee, (collectively, “State

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