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Oracle profit rises as sales fall Though database giant Oracle Corp. - one of Colorado's largest tech employers - saw its sales drop in the first quarter ended August, its profit for the quarter rose compared with the same period a year earlier. (ORCL) (SAP) (JAVA) Biz JournalHerman Miller Q1 Profit Plunges, Yet Tops Estimate - Update Office furniture systems maker Herman Miller, Inc. Wednesday reported a sharp decline in first quarter profit as sales plunged from the same period last year on weaker demand caused by adverse economic conditions. Adjusted earnings for the quarter, however, came in above analysts' consensus, while revenues fell short. RTT NewsSunil Jain: Bharat holds the key Just how badly will the drought hit GDP growth? In 2002, when the shortage of rainfall was around the same as it is this year (20 per cent from the long-term average), agricultural growth fell to -7.2 per cent and, as a result, GDP growth in that year was just 3.8 per cent (average growth in the 5-year period 1997-2002 was 5.5 per cent). The mitigating factors this year, apart from the September rains, will be the farm-loan waiver and the NREGA expenditure. Business StandardTWO EXTREMES, ONE ECONOMY Weve been writing for months that the recession appears close to a technical finale but that the recovery would be slow, sluggish and generally vulnerable for an unusually extended period of time... Mr. SwingLevi & Korsinsky, LLP Announces Class Action Lawsuit Against Fleetwood Enterprises, Inc. - FLE NEW YORK, NY--(Marketwire - September 16, 2009) - Levi & Korsinsky announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of the common stock of Fleetwood Enterprises, Inc. ('Fleetwood' or the 'Company') (NYSE: FLE) between December 6, 2007 and March 10, 2009, inclusive (the 'Class Period'). The complaint alleges that Fleetwood and certain of its officers and directors violated the Securities Exchange Act of 1934 by failing to disclose during the Class Period that demand for Fleetwood's manufactured houses and the big homes-on-wheels was rapidly declining, which was adversely affecting the Company's liquidity, and that the Company's financial condition was declining precipitously such that the Company was nearing insolvency and would have to file for bankruptcy protection. On March 10, 2009, Fleetwood issued a press Market WireLevi & Korsinsky, LLP Announces Class Action Lawsuit Against CardioNet, Inc. - BEAT NEW YORK, NY--(Marketwire - September 16, 2009) - Levi & Korsinsky announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of the common stock of CardioNet, Inc. ('CardioNet' or the 'Company') (NASDAQ: BEAT) during the period between April 30, 2009 and June 30, 2009, inclusive (the 'Class Period'). The complaint alleges that CardioNet and certain of its officers and directors violated the Securities Exchange Act of 1934 by failing to disclose during the Class Period that the Company was experiencing reductions in its reimbursement rates for its MCOT services, that these reimbursement rates were under review by payors, that a reduction in rates could result in the Company's current independent business model not being economically viable and that, as a result, the Company's financial outlook for 2009, 2010 and 2011 Market WireLevi & Korsinsky, LLP Announces Class Action Lawsuit Against Immersion Corporation - IMMR NEW YORK, NY--(Marketwire - September 16, 2009) - Levi & Korsinsky announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of the common stock of Immersion Corporation ('Immersion' or the 'Company')(NASDAQ: IMMR) between May 3, 2007 and June 30, 2009, inclusive (the 'Class Period'). The complaint alleges that Immersion and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing misleading statements concerning the Company's transactions in its Medical line of business. Specifically, the complaint asserts that defendants failed to disclose that Immersion's revenue recognition policies in its Medical line of business were improper and violated GAAP and the Company's own internal accounting policies. On July 1, 2009, Immersion announced that it was conducting an internal investigat Market Wire16:47 (CET) - EurUsd The pair rebounded 40 pips after the US CPI came out in line with expectations. Right now, the pair is trading at 1.4656 dollars per euro . In the technical aspect, the bands of Bollinger show a 32 pips volatility between th middle and upper band, while the 14 period one hour window RSI is at 50 points, after being near 70 points a few hours ago. If the trend remains to the upside,... Alerts FeedFederman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Anixter International, Inc. (NYSE: AXE) OKLAHOMA CITY, OK--(Marketwire - September 16, 2009) - On September 11, 2009, a class action lawsuit was filed in the United States District Court for the Northern District of Illinois against Anixter International, Inc. (NYSE: AXE). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price. The class period is from January 29, 2008 through October 20, 2008. Market WireFreightCar America, Inc. Completes Restatement of Prior Period ... - Businesswire.com CHICAGO--( BUSINESS WIRE )--On September 16, 2009, the Company filed an amended annual report on Form 10-K/A with the SEC to restate its financial statements for the years ended December 31, 2008 and 2007, and for the quarterly periods ended March 31 ... Feed Digest1 2 3 |
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