John J. Edwards III
Wednesday brings the first test of whether the new federal budget deal and its capital-gains tax cut will spur a wave of knee-jerk selling or a cool, collected celebration. Enjoy some post-close tidbits while you get ready (earnings estimates from
awarded a $2.93 billion contract to
and units of
. The contract, for voice, video and data modernization of the Navy's base-level infrastructure, is expected to be completed by July 2007.
filed a patent- and trademark-infringement suit against
, charging that SyQuest infringed on patents covering Iomega's Read/Write Protection Scheme and the design of its Jaz cartridge.
(RII:NYSE) inked a definitive pact to buy privately held
Silver State Disposal Service
in a $378 million stock deal. Republic said Silver State, based in Las Vegas, had $126 million in revenue last year.
reported second-quarter operating earnings of 18 cents per share, blasting past the eight-analyst consensus estimate of 9 cents and the year-ago 3 cents.
formed a global alliance with
, issuing 466,321 common shares to Visa and restating its second-quarter results to reflect a one-time, noncash charge of $21.2 million. Yahoo and Visa said they plan to "aggressively extend their commerce-related activities on the Internet." Yahoo also set a 3-for-2 stock split.
(SCI:NYSE) reported fourth-quarter earnings of 94 cents per share, a nickel better than the 14-analyst outlook and up from the year-ago 77 cents.
reported first-quarter earnings of 32 cents per share, 2 cents better than the six-analyst expectation and up from the year-ago 8 cents.
Papa John's International
reported second-quarter earnings of 22 cents per share, in line with the seven-analyst view and up from the year-earlier 15 cents.
For information on Tuesday's market activity, see the