Archive for July 14, 2010
L-3 Communications Authorizes Up To Addl. $1 Bln Share Buyback Program – Update
Surveillance and aircraft modernization services provider L-3 Communications Holdings Inc. (LLL) announced Wednesday that its Board of Directors have authorized up to an additional $1 billion share repurchase program to run until the end of 2012. The company noted that the program will be funded using the company’s cash on hand and cash generated from [...]
EU Approves Transatlantic Joint Business, British Airways-Iberia Merger – Update
British Airways Plc (BAY.L, BAIRY.PK) said Wednesday that Europe’s competition watchdog, the European Commission, has approved its proposed merger with Spanish flag carrier Iberia Lineas Aereas de Espana SA and also a transatlantic alliance between British Airways, Iberia and American Airlines, Inc.
Barratt Developments Expects Higher Adj. Operating Profit For FY10 – Update
Home builder and residential property developer Barratt Developments plc (BDEV.L) said Wednesday, in its trading update for the full year ended June 30, that it expects full-year adjusted operating profit and margin to be higher than the prior year levels.
Asos Q1 Revenue Rises 48% – Update
Online fashion retailer Asos plc Wednesday reported a 48% increase in revenues for the first quarter of fiscal 2010-11, reflecting strong UK and International sales. The company also continues to believe that the current fiscal year would be another year of good progress.