Financial News
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2ND UPDATE: Phelps Dodge Net Income Doubles But Shares Decline ...
25 Oct 2006
source:
morningstar.com
SAN FRANCISCO (Dow Jones) -- Phelps Dodge Corp. reported Tuesday that third- quarter profit more than doubled as red-hot copper prices outweighed lower output and charges from options the company bought to hedge against a drop in commodities prices. But the Phoenix, Ariz., copper miner's shares closed 1.5% lower to $97.57 after earnings without special items appeared to fall short of Wall Stree ... |
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Inter-Tel expects takeover bid rejected
25 Oct 2006
source:
iii.co.uk
TEMPE, Ariz. (AFX) - Communications software company Inter-Tel Inc. on Tuesday said a preliminary tally indicates that stockholders voted against a takeover offer by the company's largest shareholder and former chief executive. The company said the vote "is extremely close," but it believes the resolution by Steven G. Mihaylo -- who, with private equity firm Vector Capital, offered to p ... |
