Shares of Owens-Illinois Inc. jumped in premarket activity Thursday after the maker of glass containers and specialty packaging materials reported third-quarter profit above Wall Street estimates.
NEW YORK (AP) - Shares of Owens-Illinois Inc. jumped in premarket activity Thursday after the maker of glass containers and specialty packaging materials reported third-quarter profit above Wall Street estimates.
PERRYSBURG, Ohio (AP) - Owens-Illinois Inc., which makes glass containers and other specialty packaging materials, said Wednesday that its net income slipped in the third quarter due to a significant one-time gain in the prior year.
NEW YORK (AP) - Owens-Illinois Inc. shares fell to a new year low Thursday after an analyst cut his price target and earnings estimates on the U.S. maker of glass containers, citing an increasingly valuable dollar.
ACE Limited (ACE) – Comments out of the CEO’s mouth on Wednesday helped push shares sharply higher at multi-line insurer Ace. Mr. Greenberg noted that the soft patch in his company’s business line was more than likely over and that the government bailout program had removed excess industry capacity. As such he’s insisting that business managers at the company simply say “no” to clients’ bargain requests. As shares rose, we noted some sizeable action on December calls, which were sold by a customer. Today we’re picking up more of the same this time at a...
Fed cuts to 1%. In a unanimous decision, the Fed dropped its key fed funds target to 1% from 1.5%, while the discount rate fell to 1.25% from 1.75%. "The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures," it said. The Fed hinted it may not be done with rate cuts: "... downside risks to growth remain. The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability." New in its statement...
CBOE VIX Index ((VIX)) – Another false dawn with the bull dragged to the water by the ring through its nose only to find the water was tainted. The early buying inspired by an insipid inflation report soon gave way to another bout of selling and a casual record reading for the VIX index, which reached 81.17. With options maturing next week, investors are forced into an ever tighter corner and have reached today for 90 and 100 strike calls. One never knows whether there will be a spike at expiration...
Owens-Illinois (OI) looks attractive now, either as a direct purchase or part of a covered call strategy. Covered call writing works well with companies that have relatively low downside risk and moderate (but not explosive) upside potential.
Owens-Illinois is the world’s largest supplier of glass containers. It operates in 22 countries and has acquired 17 glass container companies since 1990. About 70% of its sales are outside North America.
Despite €2.3B writedown, Deutsche Bank beats. Deutsche Bank (DB) reports a 63% decline in Q2 net profit on further asset write-downs, lower revenue, higher credit-risk provisions and trading losses. Despite all that, net profit of €649M was significantly better than the €426M consensus. DB posted a €2.3B markdown, following a €2.7B writedown in Q1. It has written down a total of €7.3B since the credit crisis began last summer. "Looking forward, we remain cautious for the remainder of 2008," CEO Josef Ackermann said. DB says it is it is...
Owens-Illinois is seeing big global profits in glass containers as sales grew 16.4% in the first quarter. The company has surprised on estimates each of the last four quarters by an average of 66.17%. O-I's forward P/E is only 9.33.
Recap of Jim Cramer?s comments on Stop Trading! Thursday May 29.
Citigroup (C), Wells Fargo (WFC), Bank of America (BAC): Seabreeze Partners Founder, TheStreet.com columnist and long-time bear on financials Douglas Kass changed his position and said Citigroup could quintuple over the next three to five years. He also recommended WFC and BAC and said this is a "generational opportunity" to buy financials. Cramer disagrees because "so many things have to go right" with the economy, including housing, employment and easing of the credit crisis before all is well with banks. However, Cramer added if Kass is right about the...
Datamonitor ' s Owens - Illinois , Inc . - SWOT Analysis company profile is the essential source for top - level company data and information.The report examines the company ' s key business ...
Owens - Illinois is a manufacturer of packaging products and glass containers having operations in Europe , North America , Asia Pacific and South America.The company is pursuing a strategy aimed ...
( RTTNews ) - Owens Illinois ( OI : News ) gapped open higher and continued to accelerate higher amid strong volume during the first 40 minutes of Thursday's trading , before lacking direction ...
Owens Illinois ( OI ) leads the list of top gainers so far today and is now at $23.72 , up $4.50 ( 23.41 % ) on volume of 3,581,013 shares traded.Over the last 52 weeks the stock has ranged from ...
NEW YORK ( AP ) - Shares of Owens - Illinois Inc . jumped in premarket activity Thursday after the maker of glass containers and specialty packaging materials reported third - quarter profit ...
Owens - Illinois , the glass container manufacturer , has reported a 2 % fall in gross profit to $407.3 m ( ~£ 246.3 m ) for the third - quarter of the year.The company's net sales for the third ...
Packaging manufacturer Owens - Illinois Inc . reported a third - quarter profit yesterday of $78.6 million , or 46 cents a share , an increase of 4 per cent over the same period a year ago , ...
( RTTNews ) - Owens - Illinois Inc . ( OI : News ) , which manufactures glass containers , said Wednesday that third quarter profit plunged from last year that including a gain from sale of discontinued ...
Owens - Illinois beats by $0.05 , reports revs in - line Reports Q3 ( Sep ) earnings of $0.90 per share , excluding non - recurring items , $0.05 better than the First Call consensus of $0.85 ...
Major Latin American stock markets each dropped 2% Wednesday, strained by a slump in prices for natural resources and by gloomy expectations from U.S. central bankers that the world’s largest economy may languish in recession for at least a year.
Key equity indexes in Brazil and Mexico popped nearly 5% higher Thursday, as a buying spree on Wall Street encouraged investors in Latin America's biggest markets to snap up shares that were battered in the previous session.
NEW YORK (MarketWatch) -- Further erosion in the price of oil was helping to lift airline stocks early Monday. At last check, the Amex Airline Index rose 2% to 24.94 points with all but three of its 13 components trading up. Crude oil for December delivery fell $1.07 to $66.74 a barrel in electronic trading on Globex. Leading the way were network carriers, with AMR Corp. up 7% to $10.94, UAL Corp. rising 7.9% $15.69, and Continental climbing about 5% to $19.82. Trading down were Brazilian airlines Gol Linhas [S; gol], Tam SA and LAN...
Major Latin American markets climbed Tuesday, reversing course from a brutal sell-off a day earlier when the rejection of a U.S. government proposal to ease tight credit markets rocked investors. But the session’s advances didn’t put the regional benchmarks in positions to post monthly or quarterly gains.
