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Constellation Energy Group(CEG
) and FPL Group (GRP
), the parent of Florida Power & Light, are in advanced talks to buy Constellation Energy Group for more than $11 billion, according to the New York Times.
Anteon International (ANT
) agreed to be acquired by General Dynamics in a deal valued at about $2.2 billion, including $100 million debt assumption, for $55.50 per share in cash.
) Qantas selected the Boeing 787 Dreamliner, and plans to buy up to 115 787s for the renewal and expansion of its long-haul fleet.
ADC Telecommunications (ADCT
) posted a penny vs. 47 cents fourth quarter earnings per share as higher costs and expenses offset a 14% revenue rise. It sees $1.275 billion to $1.350 billion to fiscal year 2006 sales, and 62 cents to 86 cents GAAP EPS from continuing operations (including charges.)
) the Food and Drug Administration received several new reports about patient deaths associated with short circuits in heart devices made by the company, according to the New York Times.
) sees $2.35 to $2.50 2006 earnings per share (including stock option expense) on about $30 billion sales.
Digi International (DGII
) sees lower-than-expected 7 cents to 12 cents first quarter earnings per share, excluding stock-based compensation expense, on revenue of $31.5 million to $34 million. It cites softness in North American channel sales and weak new product sales.
Southwestern Energy Company (SWN
) expects 2006 operating income of about $310 million to $315 million, or earnings before interest taxes depreciation and amortization, or EBITDA of $440 million to $450 million. It announced a planned capital investment program for 2006 of $830.1 million, a 66% increase over $499.5 million currently forecasted for 2005.
Cablevision Systems (CVC
)'s CSC Holdings unit plans an offering of $1.0 billion of senior notes. It proceeds to refinance an existing credit facility and make a distribution to Cablevision, which would use it to pay stockholders a special dividend, if one declared by the board.
Mobile Mini (MINI
) sees $2.32 to $2.42 2006 EPS (pro forma), excluding about 12 cents after tax to reflect the impact of SFAS 123.
Six Flags (PKS
) named Mark Shapiro as president and CEO, effective immediately.
) says Goldman Sachs and CSFB have decided to release up to 3 million outstanding ordinary shares of Baidu.com from a lock-up restriction effective Dec. 19.
Southwestern Energy (SWN
) expects 2006 operating income of about $310 million to $315 million, or earnings before interest taxes depreciation and amortization of $440 million to $450 million. The company announced a planned capital investment program for 2006 of $830.1 million, a 66% increase over $499.5 million currently forecasted for 2005.
W D-40 (WDFC
) announced a four-year compounded annual sales growth target of 7.6% to 9.3%, and a net income compounded annual growth rate of 9.8% to 12.1%.
Discovery Laboratories (DSCO
) plans to sell 3 million shares at $6.60 per share.
) The Wall Street Journal reported that the company's growth has been healthy, but its accounting could be ailing.
) posted 80 cents vs. 66 cents fourth quarter earnings per share on a 5% sales rise.