Law Offices of Howard G. Smith announced that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of Cardionet Inc between April 30, 2009 and June 30, 2009, inclusive. The class action lawsuit was filed in the United States District Court for the Eastern District of Pennsylvania. The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to t… More
* Shares fall 8 percent in after-hours trade (Recasts first sentence; Adds homes sold, contracts, debt, stock activity)
Sept 2 - Hovnanian Enterprises Inc , the No. 5 U.S. home builder, on Wednesday said its quarterly loss narrowed, but it was still wider than Wall Street had forecast, and its shares fell 8 percent.
Hovnanian reported a fiscal third-quarter loss of $168.9 million, or $2.16 per share, compared with a loss … More
i like kraft @26.85 - Kraft Foods which went public on Monday with a $16.7 billion (10.1 billion pounds) offer for Cadbury that the chocolate maker rejected, is in talks to arrange about $8 billion of financing for the bid, Bloomberg said, citing two people familiar with the matter.
Kraft has been in talks with Deutsche Bank (DBKGn.DE) and Citigroup (C.N) on setting up debt to cover almost half the cost of the bid, the sources told the news agency.
US drugmaker Pfizer has agreed to pay $2.3bn (1.4bn) in the largest healthcare fraud settlement in the history of the Department of Justice.US drugmaker Pfizer had already alerted investors it was taking a $2.3 billion charge back in January - the same day it announced the $68 billion Wyeth purchase - and said Wednesday it would take another $33 million in charges to settle several state civil allegations.
Dycom Industries Inc. (DY 11.52, -0.21, -1.79%) shares lost 14%, pulled down after the provider of specialty contracting services posted a double-digit revenue decline for the fourth quarter of fiscal 2009.
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Law Offices of Howard G. Smith announced that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of Cardionet Inc between April 30, 2009 and June 30, 2009, inclusive. The class action lawsuit was filed in the United States District Court for the Eastern District of Pennsylvania. The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to t… More
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* Steak n Shake CEO has no employment contract
* CEO gets no bonus, stock or stock option grants
EPS Est. (Current Period) -0.09
EPS Est. (Current Year) 0.18
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* Revenue falls 46 percent
* Shares fall 8 percent in after-hours trade (Recasts first sentence; Adds homes sold, contracts, debt, stock activity)
Sept 2 - Hovnanian Enterprises Inc , the No. 5 U.S. home builder, on Wednesday said its quarterly loss narrowed, but it was still wider than Wall Street had forecast, and its shares fell 8 percent.
Hovnanian reported a fiscal third-quarter loss of $168.9 million, or $2.16 per share, compared with a loss … More
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Kraft has been in talks with Deutsche Bank (DBKGn.DE) and Citigroup (C.N) on setting up debt to cover almost half the cost of the bid, the sources told the news agency.
One of the people was quoted as saying … More
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