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ITT Exelis, Inc. (NYSE:XLS)
XLS has been awarded a $1.9 million Naval Sea Systems Command contract to design and deliver an improved airborne mine countermeasure common tow cable.
XLS is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, VA, the company employs about 20,000 people and generated 2010 revenue of nearly $6 billion.
For more information about XLS please visit http://www.exelisinc.com
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Chevron Corporation (NYSE:CVX)
CVX reported today in its interim update that earnings for the fourth quarter 2011 are expected to be significantly below third quarter 2011 results. Absent foreign exchange impacts, upstream earnings are projected to be comparable with third quarter results. Downstream earnings in the fourth quarter are expected to be near breakeven. Lower margins and refinery input volumes, and the absence of an asset sale gain are expected to reduce downstream earnings significantly compared to third quarter results. Full third quarter earnings included foreign exchange gains of nearly $450 million, compared to a loss anticipated in the fourth quarter.
CVX, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.
For more information about CVX please visit http://www.chevron.com
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99-Cent Only Stores® (NYSE:NDN)
NDN reported today total sales of $403.9 million for the third quarter of fiscal 2012 ended December 31 , 2011. This represents an increase of 10.6% over total sales of $365.4 million for the same quarter last year. The Company's total retail sales for the third quarter of fiscal 2012 were $393.3 million , compared to $354.1 million for the same quarter last year.
Founded over 25 years ago, NDN currently operates 292 extreme value retail stores consisting of 214 stores in California , 36 in Texas , 29 in Arizona , and 13 in Nevada. 99-Cent Only Stores® emphasizes quality name-brand consumables, priced at an excellent value, in convenient, attractively merchandised stores. Over half of the Company's sales come from food and beverages, including produce, dairy, deli and frozen foods, along with organic and gourmet foods.
For more information about NDN please visit http://www.99only.com
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