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Tag Archives: publicly traded company

Toyota shareholders take automaker to court

MIAMI — Toyota shareholders incensed over a sudden drop in the Japanese automaker’s stock price are heading to court with lawsuits claiming company executives deliberately misled investors and the public about the depth of accelerator problems in millions of its vehicles. At least three proposed class-action lawsuits filed by Toyota investors say the company gave false initial assurances that the ...

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BancorpSouth files with SEC

TUPELO — BancorpSouth Inc. has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2009, with the Securities and Exchange Commission. As previously announced, the delay in filing the annual report resulted from management’s determination, in consultation with BancorpSouth’s independent registered public accounting firm and with the concurrence of the Audit Committee of the board of ...

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Pepsi buying back shares for $15B

PURCHASE, N.Y. — PepsiCo says it will buy back up to $15 billion shares of its common stock through June 2013. The world’s second-biggest soft drink seller previously said today it expects to repurchase about $4.4 billion shares this year. PepsiCo also says it’s boosting its annual dividend by 7 percent to $1.92, likely starting on June 30. Last month ...

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Hancock Fabrics makes money

BALDWYN — Craft and fabric retailer Hancock Fabrics reports net income of $1.8 million for fiscal 2009 — its first annual profit in five years. The company had lost $114 million over the previous four years, including $12.4 million in fiscal 2008. It came out of Chapter 11 protection from its creditors in Aug. 2008. In a news release last ...

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Shareholders okay Stanley-Black & Decker deal

TOWSON, Md. — Shareholders have approved a nearly $3.5-billion stock buyout, clearing the final hurdle for Stanley Works to acquire Black & Decker. The two are set to form a new company called Stanley Black & Decker, and become the nation’s largest toolmaker, at the end of business on Friday, according to regulatory filings submitted to the Securities and Exchange ...

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Callon reports improved numbers

NATCHEZ — Callon Petroleum Company reported fourth quarter net income of $53.9 million, or $2.27 per share, compared to a net loss of $457.5 million, or $21.19 per share, for the 2008 fourth quarter. For the year ended December 31, 2009, Callon’s net income was $54.4 million, or $2.45 per share, compared to a 2008 net loss of $438.9 million, ...

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Ex-Kmart to exec ordered to pay $10M

DETROIT — The former head of Kmart Corp. has been ordered to pay more than $10 million for misleading investors about the retailer’s health before it sought bankruptcy court protection in 2002. U.S. Magistrate Judge Steven Pepe (Payp) released a 70-page decision Thursday, nearly nine months after Charles Conaway was found liable in a civil trial in Michigan. The case ...

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Denbury hurt by pending acquisition

DALLAS, Texas — Denbury Resources Inc., during the fourth quarter of 2009, saw net income of $3.5 million, or $0.01 per basic common share, compared to $43.8 million, or $0.18 per basic common share in the fourth quarter of 2008. Net income adjusted to exclude non-cash gains and losses in the fair value of commodity derivatives and merger related expenses ...

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Sanderson Farms sees improved quarter

LAUREL — Sanderson Farms Inc. saw net sales during the first fiscal quarter ended Jan. 31, 2010 of $420.1 million compared with $388.9 million for the same period a year ago. For the quarter, the company had net income of $15.8 million, or $0.75 per fully diluted share, compared with a net loss of $6.7 million, or $0.33 per share, ...

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MGM Mirage amends credit facility

LAS VEGAS — MGM Mirage is seeking amendments to its aggregate $5.55 billion of senior credit facilities, which would extend the maturity of a substantial portion of those credit facilities from Oct. 3, 2011, to Feb. 21, 2014. The company has asked its lenders to provide their final approvals of the transaction by Feb. 24. Lenders approving the proposed amendments ...

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