Client News Release
Taleo shares slide after earnings report delay (AP) and Allstate Announces Quarterly Dividend (Business Wire)
City of Industry, CA --(www.FinancialNewsUSA.com)-- 11/12/2008 - Earnings industry news provided by Financial News USA (OTC: FNWU). NEW YORK (AP) -- Taleo Corp. shares hit a new 52-week low Tuesday as analysts parsed the company's announcement that it will put off reporting third-quarter earnings to review its accounting practices.
On Tuesday the stock fell $3.06, or 28 percent, to $7.99. The previous 52-week low was $10.88. The annual high is $34.20.The staffing management software company said Monday that it had notified the Securities and Exchange Commission it would not meet the Nov. 10 due date to file its quarterly statement. Taleo's auditor, Deloitte & Touche LLP, requested on Nov. 6 that the company review the way it recognizes sales."Our auditors have asked us to re-evaluate the timing of certain elements of our revenue recognition," Taleo's chief executive, Mike Gregoire, said in a statement. "This is a timing issue, and does not impact the total amount of revenue that Taleo has under contract."Nevertheless, Oppenheimer & Co. [Read the full article]
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) yesterday announced a quarterly dividend of forty-one cents ($0.41) on each outstanding share of the Corporation's common stock, payable in cash on January 2, 2009 to stockholders of record at the close of business on November 28, 2008.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate(R)" slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. [Read the full article]
FRANKFURT, Germany (AP) -- German utility RWE AG said its net profit for the first nine months of the year decreased 22 percent as high costs offset rising sales. The company confirmed its outlook for the full year despite the global economic crisis.
Essen-based RWE said net profit in the January-September period fell to 2.2 billion euros ($2.8 billion) from 2.8 billion euros a year ago.Electricity sales in the first nine months were up 3.4 percent to 236 billion kilowatt hours, while gas sales rose 1.5 percent to 226 billion kilowatt hours.The company did not release three month figures.RWE said it is in a "solid financial position," and is only affected to a limited extent by the current financial crisis."The RWE group expects to increase external revenue in fiscal 2008 by more than 10 percent above last year's level," RWE said."The company still anticipates that the operating result will at least match the level achieved in 2007. [Read the full article]
LONDON (AP) -- Vodafone Group PLC, the world's biggest mobile phone company by sales, said Tuesday its net profit fell 35 percent during the first half of the financial year. But shares rallied as the company announced 1 billion pounds ($1.56 billion) in cost cuts and stuck to its full-year profit forecast despite the global economic downturn. The company said net profit for the six months through Sept. [Read the full article]
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