Macy’s, Inc. (NYSE: M) reported earnings of 35 cents per diluted share compared with the same period last year of $0.02. analysts average $0.29. M beats by $0.06.
Sales in the second quarter totaled $5.537 billion, up 7.2 percent from total sales of $5.164 billion in the second quarter of 2009.
Macy’s, Inc., is one of the nation's premier retailers, with fiscal 2009 sales of $23.5 billion.
The Board of Directors of General Electric Company (NYSE: GE) raised the Company’s quarterly dividend 20% from $0.10 per outstanding share of the Company’s common stock to $0.12 per outstanding share of the Company's common stock. The Board declared that the dividend is payable October 25, 2010 to shareowners of record at the close of business on September 20, 2010. The ex-dividend date is September 16, 2010.
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges.
McDonald's Corporation (NYSE: MCD) Board of Directors declared a quarterly cash dividend of $0.55 per share of common stock, payable on September 16, 2010 to shareholders of record at the close of business on September 1, 2010*
McDonald?s Corporation, together with its subsidiaries, operates as a worldwide foodservice retailer. For more information, visit www.mcdonalds.com
Newmont Mining Corporation (NYSE: NEM) Board of Directors approved an increase in the Company's regular quarterly dividend from $0.10 per share of common stock to $0.15 per share of common stock, payable on September 29, 2010 to holders of record at the close of business on September 8, 2010. *
Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties.
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Disclosure: No positions
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Institutional Investors Conference in New York, October 19, 2010