BRIEFCASE.Byline: - Staff and Wire Services IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain revenues fall, income is up GLENDALE - Pancake chain IHOP Corp.'s revenues fell in the fourth quarter, but the company reported Thursday that net income improved as it continues its company restructuring program. Revenue dipped to $94.4 million from $102.8 million a year ago, with profits improving to $10.5 million, 52 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , from $8.8 million, 41 cents per share, in the like period. Same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. improved 4.3 percent, leading it to reiterate 2005 earnings per share guidance of $2.02 to $2.12. Safeway reverses loss from strike PLEASANTON - Still shaking off the effects of a prolonged Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, labor strike, Safeway Inc. reversed a deep loss from a year ago and posted a profit for the fourth quarter 2004. The nation's third largest retail grocer said Thursday it earned $202.7 million, or 45 cents per share, for the three months ended Jan. 1. That contrasted with a net loss of $695.9 million, or $1.57 cents per share, during the same period in 2003. Most of that loss in fourth quarter 2003 was attributed to a five-month strike that ended in March. Sales for the period totaled $11.4 billion, a slight increase from $11 billion a year earlier. The latest quarter was 16 weeks long, while the comparable period in 2003 was 17 weeks. GAO: Air Force favored Boeing WASHINGTON - The Air Force improperly favored The Boeing Co. on a $4 billion contract to upgrade C-130 cargo planes, congressional investigators said Thursday The Government Accountability Office The Government Accountability Office (GAO) is the audit, evaluation, and investigative arm of the United States Congress, and thus an agency in the Legislative Branch of the United States Government. sided with Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Corp., BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. and L-3 Communications
L-3 Communications Holdings, Inc. (NYSE: LLL) is a company that supplies command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and Inc., which complained last year that the C-130 contract award was tainted by the involvement of a former senior Air Force official who has admitted giving special treatment to Boeing. Darleen Druyun, who later took a job at the Chicago-based airplane maker, is serving nine months in prison for violating federal conflict of interest laws. Qwest submits revised MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. bid DENVER - Qwest Communications International Inc. submitted a revised bid for MCI Inc. on Thursday in an effort to squash the long distance phone company's plan to be acquired by Verizon Communications Inc. The revised bid increased the cash portion of the $8 billion offer by 21 percent to $9.10 per share and contains a mechanism to protect the value of the stock portion of the deal at the time of closing, the company said. The new bid comes as some key MCI shareholders have questioned MCI Inc.'s decision to accept a $6.7 billion offer from Verizon over an initial $8 billion offer from Qwest. MCI's board said it would thoroughly review the new Qwest offer, as it has previous offers. Settlement OK'd in Novell suit SALT LAKE CITY - A federal judge has tentatively approved a settlement in a securities fraud suit filed by shareholders against Novell Inc. more than five years ago. U.S. District Judge Tena Campbell on Wednesday agreed to the proposed $13.9 million settlement and ordered that notices be mailed to Novell shareholders for their final approval. |
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