Higher Opening
Stocks appear set to open higher
Tuesday as traders wait in anticipation for the Fed’s decision on interest
rates.
Charter Communications
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PowerRating)
said it will launch a high-definition television programming service to
customers some time in Q2.
Newspaper giant Tribune Company
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PowerRating)
reaffirmed guidance for FY02 and said operating cash flow and earnings should
grow in the low single digits.
Cosmetic maker Estee Lauder
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EL |
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PowerRating)
warned on Q3 earnings, saying earnings will come in between 18 and 21 cents a
share vs. analysts’ consensus of 22 cents a share.
Raytheon
(
RTN |
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PowerRating) said it will record
an additional charge of $88 million for discontinued operations.
Ivex Packaging
(
IXX |
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PowerRating) will be
acquired by Alcoa
(
AA |
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PowerRating) for $21.50 a share. IXX closed at $21.25 Monday.
Accenture
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ACN |
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PowerRating) will be holding a
conference call tomorrow (Wednesday) to discuss preliminary results for Q2 at
8:00 a.m. EST. To listen in on the call, you can dial 1-888-428-4479.
Motorola
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MOT |
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PowerRating) named David
Devonshire as chief financial officer to succeed Carl Koenemann who said he was
leaving more than 18 months ago.
General Electric
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GE |
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PowerRating) has filed for
a 50 billion mixed shelf offering.
Corixa Corp
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CRXA |
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PowerRating) has entered
into a diagnostic collaboration with one of Johnson & Johnson’s
(
JNJ |
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PowerRating)
units, the Advanced Diagnostic and Cellular systems division of Ortho-Clinical
Diagnostics.
EXFO
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EXFO |
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PowerRating) reported a Q2 pro
forma loss of 7 cents, in line with analysts’ estimates according to a poll
taken by Multex.
Deutsche Telekom
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DT |
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PowerRating) says it will
cut its dividend by 40% to 37 cents and said it will hold off on the planned
T-mobile IPO.