 BBY | Best Buy Co., Inc. announced that Brian Dunn has resigned as CEO and director. There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies or procedures. Director G. Mike Mikan has been named interim CEO to lead the company while a search for a new CEO is underway. Richard Schulze, the founder of Best Buy, continues to serve as chairman. Mikan, who will remain on the board while serving as interim CEO, has been a Best Buy director since April 2008. |
Best Buy CEO Brian Dunn Resigns
April 10, 2012
Ford Motor Raises FY 12 U.S. Sales Outlook
April 5, 2012
 F | Ford Motor Company now expects FY 12 U.S. sales to be in the range of 14.5 to 15 million, up from 13.5 to 14.5 million at the beginning of this year. |
Sempra Energy Lowers FY 13 EPS Guidance
March 29, 2012
 SRE | Sempra Energy expects FY 13 EPS to be in the range of $5.50 to $5.80; net income to be in the range of $960 to $1,115 million; adjusted EBITDA in the range of $3.3 to $3.5 billion; and capital expenditures of $2.345 to $2.625 billion. The company previously issued FY 13 EPS guidance on Mar 26, 2009 and expected it to be in the range of $5.65 to $5.95. This guidance was provided in FY 12 analyst conference. |
Freeport-McMoRan Copper & Gold Hikes Quarterly Dividend 25%
March 28, 2012
 FCX | Freeport-McMoRan Copper & Gold Inc. declared a cash dividend of $0.3125 per share payable on May 1, 2012 to holders of record as of April 13, 2012 for its common stock. |
PVH Corp. Issues 1Q and Raises FY 12 Guidance
March 27, 2012
 PVH | PVH Corp. expects 1Q 12 revenue to increase 1% to 2% over 1Q 11 revenue of $1.369 billion, non-GAAP EPS to be in the range of $1.23 to $1.25 and GAAP EPS to be $1.08 to $1.10. For FY 12, the Company now expects non-GAAP EPS to be $6.10 to $6.20 and GAAP EPS to be $5.80 to $5.90. The company previously expected FY 12 non-GAAP EPS of $5.90 to $6.00 and GAAP EPS of $5.65 to $5.75. The Company expects FY 12 revenue to be relatively flat to up 2% as compared to FY 11. This guidance was provided along with 4Q 11 results. |
American Express Hikes Quarterly Dividend 11%
March 26, 2012
 AXP | American Express Company declared quarterly dividend of $0.20 a share, up from $0.18, payable May 10, 2012 to shareholders of record on April 5, 2012. |
 MCD | McDonald's Corporation announced that its CEO, Jim Skinner is retiring after more than seven years of service. He will be succeeded by its COO Don Thompson, effective July 1. Skinner will also resign from the board of McDonald's. |
Raytheon Hikes Quarterly Dividend 16.3%
March 21, 2012
 RTN | Raytheon Co. declared a quarterly cash dividend of $0.50 per outstanding share of common stock, to be paid on May 3, 2012, to shareholders of record on Apr 4, 2012. The Company paid a dividend of $0.43 per share in the prior quarter. |
Fulton Financial Corp CEO R. Scott Smith, Jr. to Retire; COO E. Philip Wenger to Succeed
March 20, 2012
 FULT | Fulton Financial Corporation announced that R. Scott Smith, Jr., chairman and CEO will retire on Dec 31, 2012. Board named E. Philip Wenger, currently the company's president and COO to succeed Smith as chairman, president and CEO effective Jan 1, 2013. After he retires, Smith will continue to serve as a director of the Corporation. Wenger joined Fulton Bank in 1979. Wenger was promoted to president and COO of the Company in Dec 2008. |
Apple to Repurchase $10B Shares
March 19, 2012
 AAPL | Apple Inc.’s board of directors authorized a $10 billion share repurchase program commencing in the Company’s FY 13, which begins on Sep 30, 2012. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs. |
