For the third time in two months,
has rejected a takeover offer from
, saying it still prefers a lower bid from
. MCI turned down the $9 billion Qwest offer late Tuesday, reportedly after the Denver telco refused to raise the $27.50-a-share bid to $30 a share. Qwest, whose offer is worth about 20% more than Verizon's, hinted in a press release it would consider a hostile bid for MCI.
announced that the company's EG&G Division has been awarded a contract by the U.S Department of Homeland Security to provide operations and support at the U.S. Center for Domestic Preparedness Chemical Ordnance Biological Radiological Training Facility. The contract includes one base year and four additional one-year options. The contract has a maximum value of $13 million if all options years are exercised. The stock was up 54 cents, or 1.9%, to $29.14 in after-hours trading.
said that March orders for the North American industrial businesses increased 5% over the same period last year, overseas industrial orders increased 4%. In the climate and industrial controls business order rates were down 3%. The stock was unchanged at $60.80.
expects to lose $7 million to $9 million, or 1 cent to 2 cents a share, for the first quarter ended March 31. Excluding an acquisition charge, net income will range from $2 million to $4 million, or break even to a penny a share. Total revenue is expected to be in the range of $297 million to $300 million. Analysts were expecting earnings of 5 cents a share on revenue of $337.5 million, according to Thomson First Call. The stock was down 72 cents, or 7.87%, to $8.43 in after-hours trading.
reported a March load factor of 84.6%, an increase of 3 points compared to a year ago. Traffic increased 8.6%, while capacity increased 4.7%. Northwest boarded 5.2 million passengers in March. The stock was up 3 cents, or 0.4%, to $6.85 in after-hours trading.
announced that its board approved a 32% quarterly dividend increase to 25 cents from 19 cents. The dividend is payable April 25 to stock of record April 15. The stock was up 11 cents, or 0.11%, to $102.09 in after-hours trading.