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  • Stock Market News and Dividend Report for Thu Sep 16, 2010. 0 comments
    Sep 16, 2010 2:42 PM | about stocks: FDX, NI, BBT, MDT

     FedEx Corp. (NYSE: FDX) today reported earnings of $1.20 per diluted share for the first quarter ended August 31, up 107% from $0.58 per diluted share a year ago. analysts average $1.21. FDX misses by $0.01

    Revenue of $9.46 billion, up 18% from $8.01 billion the previous year. Earnings increased as a result of strong FedEx International Priority® (NYSE:IP) growth at FedEx Express, continued growth at FedEx Ground and a benefit from the net impact of higher fuel surcharges. FedEx Freight to combine operations of FedEx Freight and FedEx National LTL. As a result of this combination, headcount is expected to be reduced by approximately 1,700 full-time employees and approximately 100 facilities will be closed.
    FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.
    The Board of Directors of NiSource Inc. (NYSE: NI) approved a quarterly common dividend payment of 23 cents per share, payable Nov. 19, 2010, to stockholders of record at the close of business Oct. 29, 2010.
    NiSource Inc. (NYSE: NI), is engaged in natural gas transmission, storage and distribution. 
    The board of directors of BB&T Corporation (NYSE: BBT) declared the 2010 fourth-quarter dividend of $0.15 per common share. The dividend will be paid Nov. 1, 2010, to shareholders of record as of Oct. 15, 2010. BB&T has paid a cash dividend to shareholders every year since 1903.
    BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. 
    The board of directors of Medtronic, Inc. (NYSE: MDT), approved a cash dividend of $0.225 per share of the company’s common stock. The dividend is payable on October 29, 2010, to shareholders of record at the close of business on October 8, 2010.
    Medtronic, Inc. ( is the global leader in medical technology.
    For more information, visit
    Disclosure: No positions
    Save the date:
    Investment Advisor Conference in New York, October 19, 2010
    Stocks: FDX, NI, BBT, MDT
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