GOLDMAN SACHS
The Goldman Sachs Group, Inc. is an American investment banking and securities firm
that engages in global investment banking, securities, investment management, and other
financial services primarily with institutional clients.
Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower
Manhattan area of New York City, with additional offices in major international financial
centers. The firm provides mergers and acquisitions advice, underwriting services, asset
management, and prime brokerage to its clients, which include corporations, governments and
individuals.
On November 16, 1981, the firm made a move by acquiring J. Aron & Company, a commodities
trading firm which merged with the Fixed Income division to become known as Fixed Income,
Currencies, and Commodities. J. Aron was a player in the coffee and gold markets, and the
current CEO of Goldman, Lloyd Blankfein, joined the firm as a result of this merger.
GOLDMAN SACHS 2011 QUARTER FINANCIAL RESULTS
April 19, 2011 - The Goldman Sachs Group, Inc. (NYSE: GS) reported net
revenues of $11.89 billion and net earnings of $2.74 billion for the first quarter ended
March 31, 2011. Diluted earnings per common share were $1.56 compared with $5.59 for the
first
quarter of 2010 and $3.79 for the fourth quarter of 2010. Annualized return on average common
shareholders’ equity (ROE) (2) was 12.2% for the first quarter of 2011.
NIKE
Nike, Inc. is a major publicly traded sportswear and equipment supplier based in the
United States. The company is headquartered near Beaverton, Oregon, which is part of the
Portland metropolitan area. It is the world's leading supplier of athletic shoes and apparel and a
major manufacturer of sports equipment with revenue in excess of US$18.6 billion in its fiscal
year 2008 (ending May 31, 2008). As of 2008, it employed more than 30,000 people worldwide.
Nike and Precision Castparts are the only Fortune 500 companies headquartered in the state of
Oregon, according to The Oregonian.
The company was founded in January 1964 as Blue Ribbon Sports by Bill Bowerman and
Philip Knight, and officially became Nike, Inc. in 1978. Nike markets its products under its own
brand as well as Nike Golf, Nike Pro, Nike, Air Jordan, Nike Skateboarding and subsidiaries
including Cole Haan, Hurley International, Umbro and Converse. Nike also owned Bauer
Hockey (later renamed Nike Bauer between 1995 and 2008. In addition to manufacturing
sportswear and equipment, the company operates retail stores under the Niketown name. Nike
sponsors many high profile athletes and sports teams around the world, with the highly
recognized trademarks of "Just do it" and the Swoosh logo.
NIKE’S 2011 QUARTER FINANCIAL RESULTS
Nike’s total revenue grew 10% to $4,842 million from $4,405 million in the prior-year quarter.
The company continued to benefit from its strategy of consistently focusing on innovative
products that provide an edge over its rivals. Revenue for the quarter outpaced the Zacks
Consensus Estimate of $4,806 million. Nike’s quarterly gross profit grew 12% year over year to
$2,193 million, while gross margin expanded 80 basis points to 45.3%.
APPLE INC.
Apple Inc is an American multinational corporation that designs and markets consume
electronics, computer software, and personal computers. The company's best-known hardware
products include the Macintosh line of computers, the iPod, the iPhone and the iPad. Apple
software includes the Mac OS X operating system; the iTunes media browser; the iLife suite of
multimedia and creativity software; the iWork suite of productivity software; Aperture, a
professional photography package; Final Cut Studio, a suite of professional audio and filmindustry software products; Logic Studio, a suite of music production tools; the Safari internet
browser; and iOS, a mobile operating system. As of August 2010, the company operates 301
retail stores in ten countries, and an online store where hardware and software products are sold.
As of May 2010, Apple is one of the largest companies in the world and the most valuable
technology company in the world, having surpassed Microsoft.
Established on April 1, 1976 in Cupertino, California, and incorporated January 3, 1977, the
company was previously named Apple Computer, Inc., for its first 30 years, but removed the
word "Computer" on January 9, 2007, to reflect the company's ongoing expansion into the
consumer electronics market in addition to its traditional focus on personal computers. As of
September 2010, Apple had 46,600 full time employees and 2,800 temporary full time
employees worldwide and had worldwide annual sales of $65.23 billion.
APPLE INC’S 2011 QUARTER FINANCIAL RESULTS
Apple posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or
$6.43 per diluted share. These results compare to revenue of $15.68 billion and net quarterly
profit of $3.38 billion, or $3.67 per diluted share, in the year-ago quarter. Apple sold 4.13 million
Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The Company sold
16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago
quarter. Apple sold 19.45 million iPods during the quarter, representing a seven percent unit
decline from the year-ago quarter. The Company also sold 7.33 million iPads during the quarter.
PEPSICO INC.
PepsiCo is a world leader in convenient snacks, foods and beverages with revenues of more than
$60 billion and over 285,000 employees. It is headquartered in Purchase, Harrison, New York,
with interests in the manufacturing, marketing and distribution of grain-based snack foods,
beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola
Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a
broader range of food and beverage brands, the largest of which include an acquisition of
Tropicana in 1998 and a merger with Quaker Oats in 2001 - which added the Gatorade brand to
its portfolio as well.
In August 2009, PepsiCo made a $7 billion offer to acquire the two largest bottlers of its
products in North America: Pepsi Bottling Group and PepsiAmericas. In 2010 this acquisition
was completed, resulting in the formation of a new wholly owned subsidiary of PepsiCo, Pepsi
Beverages Company. Also in late 2010, the company made its largest international acquisition
when it purchased a majority stake in Wimm-Bill-Dann Foods - a Russian food company which
produces milk, yogurt, fruit juices and dairy products.
PEPSICO’S 2011 QUARTER FINANCIAL RESULTS
Global snacks volume increased 3 percent reflecting broad-based gains in the core snacks
portfolio. Core snacks volume gains were partially offset by declines in food volume (which
is included in overall reported snacks volume) in North America and Brazil. Global beverage
volume increased 12 percent, and organic beverage volume increased 3.5 percent. In North
America, beverage volume grew 2 percent on an organic basis.
Net revenue increased 27 percent reflecting the benefits of organic volume growth, effective
net pricing, the impact of the bottler acquisitions and the acquisition of Wimm-Bill-Dann
(WBD), the leading Russian dairy and juice company. Net revenue on a pro forma basis
(adjusting for comparability of prior year bottler acquisitions) grew 7 percent and included 2
percentage points of revenue growth from the acquisition of WBD.
INTERNATIONAL PAPER CO.
International Paper Company (NYSE: IP) is an American pulp and paper company, the largest
such company in the world.[2] It has approximately 59,500 employees, and it is headquartered in
Memphis, Tennessee. International Paper was incorporated January 31, 1898 upon the merger of
18 pulp and paper mills in the northeastern United States. Its first president was Hugh J.
Chisholm.[3] The first paper(newsprint) mill in the United States, at Corinth, NY where the
Sacandaga river joins the Hudson river, and built by International Paper's founder Albrecht
Pagenstecher, [4][5] in 1869, is to be demolished in 2011.[6] The Hudson River Mill in Corinth,NY
was a major pioneer in the development of the modern paper industry in the late 19th century.[
The newly formed 1898 company supplied 60 percent of all newsprint in the country. In 1986, it
acquired the Hammermill Paper Company, in 1988 the Masonite Corporation, and in 1989 the
German paper company Zanders Feinpapiere AG and the French paper manufacturer Aussedat
Rey. In 1999, International Paper purchased Union Camp Corporation and in 2000 purchased
Champion International Paper. Additionally, International Paper currently owns shares in the
Chilean company Copec.
International Paper is the largest producer of plastic lids and paper cups, manufacturing for the
fast-food giants McDonald's, Wendy's, Subway and coffee giant Starbucks. The Wood Products
division of International Paper was sold in 2007 to West Fraser Timberland Inc., a company
headquartered in Vancouver. The company currently produces printer and copier paper,
envelopes, corrugated packaging and shipping containers, consumer packaging for cosmetics,
home entertainment and other retail markets, and food service packaging. It also owns xpedx, a
large North American distribution and logistics company.
INTERNATIONAL PAPER CO’S 2011 QUARTER FINANCIAL RESULTS
International Paper (NYSE: IP) today reported first-quarter 2011 net earnings attributable to
common shareholders totaling $342 million ($0.78 per share) compared with net earnings of
$316 million ($0.73 per share) in the fourth quarter of 2010 and a loss of $162 million ($0.38 per
share) in the first quarter of 2010. Amounts
Quarterly net sales were $6.4 billion compared with $6.5 billion in the fourth quarter of 2010
and $5.8 billion in the first quarter of 2010.
SCORPIO TANKERS INC.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products
worldwide. Our fleet consists of one LR2 tanker, four LR1 tankers, four Handymax
tankers, and one post-Panamax tanker with an average age of 5.2 years. Scorpio
Tankers is employed by oil majors and oil traders, with a visible stream of cash flows
through the end of 2010. Our capital structure, our management track record, and our
commitment to safety, quality, and governance put us in a position to acquire assets
and create value for our shareholders. Scorpio Tankers Inc is incorporated in the
Republic of The Marshall Islands and has principal executive offices in Monaco and
New York. Scorpio Tankers is listed in the New York Stock Exchange (NYSE) under
the symbol STNG.
SCORPIO TANKERS INC’S 2011 QUARTER FINANCIAL RESULTS
The Company recorded a net loss of $2.7 million or $0.13 basic and diluted loss per share for the
three months ended December 31, 2010 compared to net income of $1.7 million or $0.31 basic
and diluted earnings per share for the three months ended December 31, 2009. The weighted
average number of shares outstanding was 20,659,544 (basic and diluted) for the three months
ended December 31, 2010, and 5,589,147 (basic and diluted) for the three months ended
December 31, 2009.
The Company recorded a net loss of $2.8 million or $0.18 basic and diluted loss per share for the
year ended December 31, 2010 compared to net income of $3.4 million or $0.61 basic and
diluted earnings per share for the year ended December 31, 2009. Net income for the year ended
December 31, 2009 included an impairment charge of $4.5 million or $0.81 basic diluted charge
per share for Senatore and Noemi. The weighted average number of shares outstanding was
15,600,813 (basic and diluted) for the year ended December 31, 2010, and 5,589,147 (basic and
diluted) for the year ended December 31, 2009.