*** 美国股市新闻 ***

daniel888

Summers To Step Down As White House Economic Advisor
Tue Sep 21 18:36:00 2010 EDT

(RTTNews) - The White House on Tuesday announced that Lawrence Summers, the director of President Barack Obama's National Economic Council, will be stepping down before the end of the year.

Summers, who is the chief White House advisor to the President on the development and implementation of economic policy and leads the Obama's daily economic briefing, will return to his post at Harvard University, the White House said.

Summers, who is viewed as the architect of the $787 billion economic recovery and stimulus bill and led the government's restructuring of General Motors and Chrysler, had recently come under fire by some critics, including House Minority Leader John Boehner, R-Ohio.

However Obama had high praise for the departing Summers in a statement.

"I will always be grateful that at a time of great peril for our country, a man of Larry's brilliance, experience and judgment was willing to answer the call and lead our economic team," Obama said. "Over

the past two years, he has helped guide us from the depths of the worst recession since the 1930s to renewed growth."
Obama added, "While we have much work ahead to repair the damage done by the recession, we are on a better path thanks in no small measure to Larry's wise counsel."

Summers said he will continue to advise Obama informally and will serve on the President's Economic Advisory Board.
"I will miss working with the President and his team on the daily challenges of economic policy making,"

Summers said in a statement. "I'm looking forward to returning to Harvard to teach and write about the economic fundamentals of job creation and stable finance as well as the integration of rising and developing countries into the global system."

daniel888

Cintas Q1 Profit Rises 13.5%, Tops Estimate; Lifts FY11 Earnings Outlook
Tue Sep 21 17:36:00 2010 EDT

(RTTNews) - Uniforms and business service provider Cintas Corp. (CTAS), said Tuesday its first-quarter profit increased 13.5% over last year, due mainly to the absence of a litigation charge that impacted year-ago results. Quarterly earnings came in ahead of the analysts' expectations, as did revenue. Owing to its share buyback program, the company raised its earnings outlook for fiscal year 2011, while reiterating the revenue forecast.

The Cincinnati, Ohio-based company posted net income of $61 million or $0.40 per share for the first quarter, up from $54 million or $0.35 per share in the prior year quarter.

Results for the year-ago quarter included a legal settlement, which reduced net income and earnings by $12 million and $0.08 per share, respectively.

Excluding the charge, net income would have been $66.0 million or $0.43 per share in the previous year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the first quarter. Analysts' estimates typically exclude special items.

As percentage of revenue, gross margins decreased to 42.6% from 42.9% in the first quarter of fiscal 2010.

First quarter revenue increased 3.6% to $924 million from $891.6 million in the same quarter last year. When adjusted for the impact of acquisitions, organic revenue growth was 2.8%.

Analysts expected the company to post revenue of $914.95 million for the quarter.  

Revenue from rental uniforms and ancillary products increased marginally by 0.3% to $657.6 million, while revenue from other services grew 12.9% to $266.3 million from a year ago.

During the quarter and into September, Cintas purchased 7.6 million shares of its common stock at a cost of about $202 million, completing its authorized share buyback program.

The total purchases included acquiring 4.9 million shares at a cost of about $130 million during the latter part of the first quarter, and the remaining 2.7 million shares were purchased during September at a cost of about $72 million.

Looking ahead, Cintas said it expects the share buyback program will impact its earnings per share for the remainder of the fiscal year 2011. Hence, the company has raised its earnings outlook for the year.

For fiscal year 2011, Cintas raised its earnings outlook to a range of $1.55 to $1.63 per share from its prior estimate of $1.50 to $1.58 per share. The company continues to expect revenue to be in the range of $3.55 billion to $3.75 billion, while the Street expects revenue of $3.70 billion.

Cintas closed Tuesday's regular trading at $27.88, down 24 cents on a volume of 1.67 million shares. In after-hours, the share gained 3 cents.

daniel888

Adobe Profit Jumps 69%; Outlook Disappoints
Tue Sep 21 17:11:00 2010 EDT

(RTTNews) - Publishing and design software maker Adobe Systems Inc. (ADBE) said Tuesday that after the markets closed its third quarter profit rose 69% from last year, as revenue surged and margins improved due to strong performance in each of its major businesses.

The company's quarterly earnings per share, excluding items, also came in above analysts' expectations.
However, the company gave a disappointing outlook for the fourth quarter, sending its shares lower by more than 12% in after hours trading.

The San Jose, California-based company reported GAAP net income for the third quarter of $230.1 million or $0.44 per share, compared to $136.0 million or $0.26 per share for the year-ago quarter.

Excluding restructuring charges, stock options expense and other items, non-GAAP net income for the third quarter was $284.0 million or $0.54 per share, compared to $186.1 million or $0.35 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to earn $0.49 per share for the third quarter.
Analysts' estimates typically exclude special items.

GAAP operating income for the quarter was $302.0 million or 30.5% of revenue, compared to $167.6 million or 24.0% of revenue a year ago.

Non-GAAP operating income for the quarter was $384.9 million or 38.9% of revenue, compared to $237.1 million or 34.0% of revenue last year.

Adobe, famous for its Photoshop editing and Acrobat document-sharing software, said revenue for the third quarter rose 42% to $990.32 million from $697.51 million in the same quarter last year. Analysts had a consensus revenue estimate of $984.07 million for the third quarter.

The company had forecast revenue of $950 million to $1 billion, GAAP earnings of $0.32 to $0.37 per share and non-GAAP earnings of $0.46 to $0.50 per share for the third quarter.

Product revenue for the quarter increased 30% to $829.1 million from $636.5 million a year ago, while service and support revenue grew 32% to $62.6 million from $47.6 million last year. Subscription revenue jumped to $98.6 million from $13.3 million a year earlier.

Adobe released its latest Creative Suite version, CS5, in April. Creative Suite, which is a software package targeting professional designers and developers, generates much of Adobe's revenue. CS5 includes development and design tools such as Photoshop and Dreamweaver, and is considered the company's key product offering.

Looking forward to the fourth quarter, the company forecast revenue of $950 million to $1 billion, GAAP earnings of $0.35 to $0.41 per share and non-GAAP earnings of $0.48 to $0.54 per share. Analysts currently expect the company to earn $0.53 per share on revenue of $1.03 billion for the fourth quarter.

GAAP operating margin for the fourth quarter is expected to be 27% to 30%, while non-GAAP operating margin is expected to be 37% to 38%.

Adobe shares, which have traded in a range of $26.01 to $38.20 over the past year, closed Tuesday's regular trading session at $32.94, down 17 cents. The stock is currently losing $3.97 or 12.05% in after hours trading.

daniel888

Abbott In Plans To Cut 3,000 Solvay Jobs - Update
Tue Sep 21 16:56:00 2010 EDT

(RTTNews) - Abbott Laboratories Inc. (ABT), Tuesday reportedly plans to cut around 3,000 of its workforce soon after completing the purchase of the pharmaceutical business of Belgium-based Solvay SA.

Media reports indicate that the cut will chiefly affect positions at Solvay that was acquired by Abbott in February for around $7 billion. The deal considered an effort to expand into the markets in Eastern Europe, Latin America, Middle East and Asia, was cornered by Abbott after outbidding Swiss drug company Nycomed.

The job cuts is expected to cost Abbott restructuring charges ranging between $810 and $970 million, as well as around $310 million in integration costs.

Employees to be affected by the decision will be from research and development, manufacturing, commercial and other faculties of Solvay's European operations.

Indicating a potential job cut at the time of the Solvay acquisition, Abbott noted that expenses at Solvay were greater than its sales percentage.  

Reports also suggest that Abbott will close the former headquarters of Solvay's Pharma unit in Marietta by the end of 2011, and will reduce headcount by 500 at its Weesp site and by 300 in Hanover, Germany.

Abbott, which employees around 93,000 employes, noted that the job cuts are part of its strategic decisions designed to provide its pharma business with sustained future growth.

Solvay acquisition has gained Abbott total control over two cholesterol and triglycerides drugs, Tricor and Trilipix respectively. Solvay had also recently began producing small batches of H1N1 virus vaccine.

ABT closed Tuesday's regular trading at $52.12, down $0.11 or 0.21%, on a volume of 5.71 million shares. In after-hours, the stock furhter dropped $0.01 or 0.02%, to trade at $52.12. In the last 52-week period, the stock traded in a range of $44.59 - $56.79, with a three-month average volume of 6.84 million shares.

daniel888

Samson Oil & Gas Lodges June 30, 2010 Financial Report
Wed Sep 29 23:00:00 2010 EDT

DENVER & PERTH, Australia, Sep 29, 2010 (BUSINESS WIRE) -- Samson Oil & Gas Limited (NYSE AMEX: SSN) (ASX: SSN) today lodged its 2010 Financial Report for the year ended June 30, 2010. A copy of the report is available in full on the company's website (www.samsonoilandgas.com). Highlights of the results for the year ended 30 June 2010 include: Net profit after income tax benefit of $817,233 compared to a net loss after income tax of $30,159,175 in the prior year.
      
An 83% increase in gross profit from $922,733 for the year ended 30 June 2009 to $1,693,552 for the year ended 30 June 2010.
         
Increase in net assets from $4,613,116 as at 30 June 2009 to $25,115,668 as at 30 June 2010.
      
A 25% increase in oil production from 24,608 barrels in the prior year to 30,719 barrels for the current year. Gas production decreased 2% from 0.684 bcf of gas in the prior year to 0.668 bcf in the current year.

Subsequent to year end, Samson successfully completed the first two tranches of its transaction with Chesapeake Energy Corporation for its acquisition of a portion of Samson's acreage in Goshen County, Wyoming. To date, Samson has received $69,991,105 in proceeds from this sale. A third and final closing is expected in early October and is estimated to result in Samson receiving a further $4 million in proceeds.

Samson's current cash is $74 million. Samson's Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN". Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange AMEX under the symbol "SSN". Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 1,664 million ordinary shares issued and outstanding, which would be the equivalent of 83.2 million ADSs.

Accordingly, based on the NYSE AMEX closing price of US$1.35 per ADS on September 29th 2010 the company has a current market capitalization of approximately US$112.32 million. Correspondingly, based on the ASX closing price of A$0.07 on September 29th 2010, the company has a current market capitalization of A$116.48 million.

cct2050

下周美股前瞻：美联储政策成股市走向关键    腾讯财经　2010-10-03

    腾讯财经讯 北京时间10月3日早间消息 在未来一周中，美联储关于是否启动新一轮债券收购方案的讨论将成为投资者关注的焦点，除此之外，一系列的宏观经济报告及上市公司财报也将被投资者视为其决策的重要标准。

     根据计划，9月份的就业数据将于美国时间下周五公布，这将成为市场衡量美国经济状况的首要指标，此外，包括美国铝业（AA，12.23，+0.99%）在内的各大公司也从下周开始拉开第三季度季报潮的序幕。在刚刚过去的一个月中，美国股市创下了自2009年4月份以来最好的单月表现。

    标准普尔公司高级指数分析师希尔维布拉特（Howard Silverblatt）在本周五的投资报告中表示：“那些关注于企业基本面而非大盘走势的投资者，有望在下周获得收益。”在整个9月份的交易中，标准普尔500指数实现了8.8%的涨幅。

     本周五，美国股市以温和上涨拉开了10月份的交易序幕。但是与此同时，受到宏观经济数据好坏参半的影响，美国股市在整个上周的交易中收低。道琼斯工业平均指数在本周五上涨了41.63点，报收于10829.68点，但是较前一周则下跌了0.3%。

     在未来的一周中，美联储官员的言论将被投资者高度关注，因为这将成为其判断美联储未来政策趋势的重要线索。根据计划，美联储下一轮政策制定会议将于 11月初举行。值得注意的是，纽约联储主席杜德利（William Dudley）本周五表示，当前美国就业前景令人难以接受，而美联储可能采取进一步经济刺激措施。

daniel888

U.S. Stocks Fall Amid Earnings Concern; U.S. Steel Tumbles
By Elizabeth Stanton

Oct. 12 (Bloomberg) -- U.S. stocks fell, dragging benchmark indexes down from five-month highs, amid concern growth in Asia will cool and earnings at American companies will disappoint investors.

U.S. Steel Corp. fell 2.1 percent after South Korean rival Posco, the world’s third-largest steelmaker, reported its first decline in earnings in four quarters. Freeport-McMoRan Copper & Gold Inc. retreated with metal prices. Verizon Communications Inc., Walt Disney Co. and Wal-Mart Stores Inc. led losses in Dow Jones Industrial Average stocks.

The Standard & Poor’s 500 Index decreased 0.4 percent to 1,161.24 at 9:38 a.m. in New York. The Dow Jones Industrial Average fell 38.45 points, or 0.4 percent, to 10,971.89. Both measures closed at the highest levels since May yesterday amid optimism the Federal Reserve will pump more cash into the economy to safeguard the recovery.

“Investors will likely worry about two key reported items out of Posco,” said Steven Neimeth, a money manager at SunAmerica Asset Management in Jersey City, New Jersey, which oversees $41 billion. “It appears their outlook for revenues has slowed, suggesting economic growth out of Asia may be slowing. More importantly, inflation in their raw materials prices appears to be moving up at a fairly dramatic pace, crimping operating profits.”

U.S. stocks rose yesterday amid speculation that the Fed will buy more Treasuries to maintain low interest rates and stoke the economy. The S&P 500 last month climbed 8.8 percent, its best September since 1939, as the central bank said it’s willing to ease monetary policy further. Minutes of the Fed’s September meeting on interest rates are scheduled for release at 2 p.m. in Washington.
                                
Fed Bets
The Fed will announce roughly $500 billion of Treasury purchases through to the middle of 2011 and indicate they are ready to buy more to help the U.S. avoid the “very bad” economic outcome of a renewed recession, Jan Hatzius, Goldman Sachs Group Inc.’s New York-based chief U.S. economist, said in an e-mailed note.

“The market is waiting on the minutes today in the hope that it will bring a satisfactory outcome to the speculation that the Fed is about to open its doors to accommodate a few billion more bonds for quantitative easing purposes,” said David Buik, a London-based market strategist at BGC Partners. “Failure to respond to expectation might see some reversals in equity prices.”

Companies reporting third-quarter results after the market loses today include Intel Corp., the world’s biggest maker of semiconductors, and CSX Corp., the third-largest U.S. railroad by revenue. JPMorgan Chase & Co. will post results tomorrow, the first major bank to do so.

Earnings Season
Eighteen companies in the S&P 500 are scheduled to release third-quarter results this week, the second week of the reporting period. Analysts surveyed by Bloomberg predict 23 percent profit growth from a year earlier for companies in the index, the fourth straight quarterly increase after a record nine-quarter slump.

U.S. Steel, the country’s largest producer of the metal, slid 2.1 percent to $44.68 after Posco cut its full-year earnings forecast by 7 percent. Operating profit will probably be 5.2 trillion won ($4.6 billion) for the 12 months ending Dec. 31, Posco said today. That compares with its earlier forecast of 5.6 trillion won.

Freeport, the world’s largest publicly traded copper producer, declined 1.9 percent to $93.58. Alcoa Inc., the biggest U.S. aluminum producer, slipped 0.5 percent to $12.86.

Copper Drops
Copper declined as China, the world’s biggest consumer of the metal, moved to rein in bank lending to cool its economy.
Gold also retreated, falling for the first time in three days as a stronger dollar curbed demand for the metal as an alternative asset.

Avon Products Inc. jumped 7.8 percent to $35.75 after the U.K.’s Daily Mail reported that L’Oreal SA is mulling a cash bid for the world’s largest door-to-door cosmetics seller in excess of $44 a share.

“We would not be surprised if L’Oreal scouted the acquisition trail,’ wrote UBS AG in a report to clients today. “The group has an embarrassment of riches, with net debt estimated at zero by the end of the year and the stake in Sanofi Aventis SA currently worth 5 billion euros.”

Stephanie Carson-Parker, a spokeswoman for L’Oreal, declined to comment. A call to Victor Beaudet, a spokesman for Avon in New York, wasn’t immediately returned.

daniel888

MGM Resorts International Announces Common Stock Offering

LAS VEGAS, Oct. 12 /PRNewswire-FirstCall/ -- MGM Resorts International (NYSE: MGM) announced today that it is offering 40,900,000 shares of its common stock and that its largest stockholder, Tracinda Corporation, is offering 27,782,000 shares of its common stock pursuant to an effective registration statement. Barclays Capital Inc. is the sole underwriter.

MGM Resorts International and Tracinda Corporation will each grant the underwriter a 30-day option to purchase up to an additional 6,135,000 shares and 4,167,300 shares, respectively, to cover over-allotments, if any.

MGM Resorts International intends to use the net proceeds from the sale of the common stock for general corporate purposes, including the repayment of debt.  MGM Resorts International will not receive any proceeds from the sale of common stock by the selling stockholder.  

The offering of the common stock is being made solely by means of a prospectus supplement and accompanying prospectus.

Copies of the prospectus supplement and accompanying prospectus may be obtained for free by contacting Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (888) 603-5847 or email Barclaysprospectus@broadridge.com

daniel888

MGM Resorts Expects Loss In Q3; Gets Offer For Borgata Share  - Update

Tue Oct 12 18:04:00 2010 EDT

(RTTNews) - MGM Resorts International (MGM), Tuesday said it expects to record a loss in the third quarter on charges related to its investment in CityCenter and Borgata.

The Las Vegas, Nevada-based company also said it received an offer for its 50% economic interest in the Borgata Hotel Casino & Spa and has submitted the offer to Boyd Gaming Corp. that holds the remaining stake in the Atlantic City casino.

Based on Borgata's September debt balances, MGM Resorts said the offer equates to slightly in excess of $250 million for its 50% interest.

The gaming company also said it expects to receive around $125 million from MGM Macau during October 2010, and has also expects to close the previously announced sale of short-term land leases and associated real property parcels underlying Borgata in the fourth quarter of 2010, with net proceeds to the company's New Jersey trust account of around $71 million.

Looking ahead, MGM Resorts expects to record a loss in the third quarter of $0.72 per share, compared to a loss of $1.70 per share recorded in the prior year third quarter.

On average, twenty-three analysts polled by Thomson Reuters currently expects a loss of $0.24 per share for the quarter. Analysts' estimates typically excludes one-time items.

Quarterly loss includes expected pre-tax impairment charges totaling $0.51 per share, net of tax, including the impairment charge related to investment in CityCenter, a pre-tax charge of $46 million related to impairment of CityCenter's residential real estate inventory, and charge related to Borgata investment.

Sequentially, second quarter loss was $2 per share mainly on a hefty impariment charge related to CityCenter residential.

With a total cost of around $11 billion, City Center is an urban complex sprawling in an area of 76 acres on the Las Vegas strip joinly owned by MGM and Dubai World. Four of the seven buildings in the project were opened in December 2009, while the remaining is scheduled to open in 2010.

As of September 30, 2010, MGM Resorts recognized an increase of $232 million in its total net obligation under its CityCenter completion guarantee, and a corresponding increase in its investment in CityCenter.

Revenue for the quarter is expected to be $1.56 billion, while the Street currently sees revenues of $1.54 billion for the quarter.

Excluding reimbursed costs, revenue mainly related to management of CityCenter, net revenue is expected to be approximately $1.47 billion, a decrease of 3% from 2009.

Third quarter operating loss is expected to be around $206 million, while in the prior year quarter operating loss was $963 million.

Loss from unconsolidated affiliates in the third quarter is expected to be $7 million, compared to a loss of $133 million in the prior year third quarter.

In another release, the company said it is offering 40.90 million shares of its common stock and that its largest stockholder, Tracinda Corp., is offering 27.782 million shares of its common stock pursuant to an effective registration statement.

At September 30, 2010, MGM Resorts had around $12.9 billion of indebtedness, including $3.4 billion of borrowings outstanding under its senior credit facility, with available borrowing capacity under the senior credit facility of approximately $1.3 billion.

MGM closed Tuesday's regular trading at $13.61, up $0.13 or 0.96%, on a volume of 56.42 million shares.

In after hours, the stock dropped $0.71 or 5.22%, to trade at $13.61. In the last 52-week period, the stock traded in a range of $8.54 - $16.66, with a three-month average volume of 21.94 million shares.

葉芬

*MGM Trading Halted; Pending News

葉芬

MGM Resorts Prices 40.90 Mln Shares At $12.65/Shr - Quick Facts

Wed Oct 13 10:23:00 2010 EDT
(RTTNews) - MGM Resorts International (MGM) Wednesday said that it priced its previously announced offering of 40.90 million shares of its common stock and also offering of its  stockholder, Tracinda Corp., of  27.78 million shares of its common stock pursuant to an effective  registration statement  at a public offering price of $12.65 per share. The transaction is expected to close on October 18, 2010.  

MGM Resorts and Tracinda Corp. will each grant the underwriter a 30-day option to purchase up to an additional 6.13 million shares and 4.16 million shares, respectively, to cover over-allotments.

MGM Resorts intends to use the net proceeds from the sale of the common stock for general corporate purposes, including the repayment of debt.

MGM Resorts said that it will not receive any proceeds from the sale of common stock by the selling stockholder.