Saks Incorporated (NYSE:SKS) announced that owned sales totaled $233.9 million for the four weeks ended October 30, 2010 compared to $219.9 million for the four weeks ended October 31, 2009, a 6.4% increase. Comparable store sales increased 8.1% for the month. For the third quarter ended October 30, 2010, owned sales totaled $649.6 million compared to $622.7 million for the quarter ended October 31, 2009, a 4.3% increase. Comparable store sales increased 5.7% for the quarter. On a year-to-date basis, for the nine months ended October 30, 2010, owned sales totaled $1,889.8 million compared to $1,794.3 million for the nine months ended October 31, 2009, a 5.3% increase. Comparable store sales increased 5.5% for the nine months.
Saks Incorporated, together with its subsidiaries, operates fashion retail stores in the United States. The company’s stores offer a range of luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts.
Eline Entertainment Group, Inc. (OTCPK:EEGI) Completes Second Merger
Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) and the company's subsidiary Let The Good Times Roll has successfully merged with Bad Boy Party Buses and Limos (www.badboypartybuses.com).
Bad Boy Party Buses and Limos is a limo and party bus company serving the Tampa Bay area. From birthdays, prom, bachelor/bachelorette, anniversary, corporate parties, to large group trips, they offer their patrons top quality partying, all the while assuring that they arrive safely to and from their destination.
LTGTR employs an organic expansion and acquisition tactic to start increasing the company revenue streams and expand on the market immediately. Besides organic expansion, the company also seeks mergers, acquisitions, and participation in various joint ventures. LTGTR believes Bad Boy Party Buses and Limos will be a good fit for the company business model. The company seeks to achieve aggressive business growth with several mergers in the near future.
This is EEGI's second merger announcement in the last several days. The company is targeting one or possibly two more merger candidates in the short time frame. EEGI management intends to keep shareholders updated with further details on the progression of upcoming mergers and already completed mergers via filings, which will be posted shortly on the OTCMarkets.Com site.
Eline Entertainment Group, Inc. operates in the educational industry in China. It operates 12 educational training centers for nursery students; and 4 training programs. The company was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
Teradyne Inc. (NYSE:TER) announced that Unisem has selected the ETS-88™ test system from Teradyne’s Eagle Test business unit, based on the platform’s scalability, flexibility and superior test economics. Unisem, a global provider of semiconductor assembly and test services for many of the world’s most successful electronics companies, will install the systems in their Silicon Valley Development Plant located in Sunnyvale, CA as well their production facilities in Asia. The ETS-88 is a good match for our analog, automotive and power management analog customers,” said C.H. Ang, Unisem Group COO. “By running up to four test programs simultaneously using multiple handlers and/or probers, the system advances the test coverage and capabilities we can provide on our test floor and correlates to lower cost of test for our customers.
Teradyne, Inc., together with its subsidiaries, provides automatic test equipment products and services worldwide. It operates in two segments, Semiconductor Test and Systems Test Group. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services. Its test systems are used for wafer level and device package testing.
US Airways Group, Inc. (NYSE:LCC) announced October and year-to-date 2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.0 billion, up 6.9 percent versus October 2009. Mainline capacity was 6.0 billion available seat miles (ASMs), up 5.6 percent versus October 2009. Mainline passenger load factor was 83.6 percent, a record for the month of October and up 1.0 point versus October 2009. US Airways President Scott Kirby said, “Our October consolidated (mainline and Express) passenger revenue per available seat mile (PRASM) increased approximately 7 percent versus the same period last year while total revenue per available seat mile also increased approximately 7 percent on a year-over-year basis.
US Airways Group, Inc., through its subsidiaries, provides air transportation for passengers and cargo. It operates approximately 3,000 flights daily to 190 communities in the United States, Canada, Mexico, Europe, the Middle East, the Caribbean, and Central and South America.
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