Landstar System (LSTR) Beats By 3c; Issues Guidance; Boosts Dividend By 7%; Increases Buyback By 2 Million Shares Jul 16, 2008 04:10PM

Landstar System (Nasdaq: LSTR) reports Q2 EPS of $0.59 ex-items, 3 cents better than the analyst estimate of $0.56. Revenues for the quarter were $698 million, versus the consensus of $673.74 million.
Boosts buyback by 2 million shares and increases quarterly dividend to 4 cents.

Sees Q3 eps 54-60c versus consensus of 59 cents.

Landstar System, Inc. is a non-asset based transportation and logistics services company.


The Dow Down only 25 points after massive sell-off in Crude Jul 15, 2008 11:09AM

The Dow is now down only 25 points after massive sell-off in Crude (Down $7 per barrel)


Bernanke Not Worried About Bank Solvency Jul 15, 2008 10:47AM

Fed Chairman Ben Bernanke said he is not worried about bank solvency. Says U.S. banking systems is well capitalized.


Bush will lift the executive ban on offshore drilling and call on Congress to do the same - CBS Jul 14, 2008 10:18AM

The White House says President Bush will lift the executive ban on offshore drilling and call on Congress to do the same - CBS


Paulson Said, "Focus is Supporting Fannie Mae and Freddie Mac in Their Current Form" Jul 11, 2008 10:39AM

Statement by Secretary Henry M. Paulson, Jr. on Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE):

Secretary Henry M. Paulson, Jr. made the following comment today on news stories about "contingency planning" at Treasury:

"Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission.

"We appreciate Congress' important efforts to complete legislation that will help promote confidence in these companies. We are maintaining a dialogue with regulators and with the companies. OFHEO will continue to work with the companies as they take the steps necessary to allow them to continue to perform their important public mission."


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Jun 13, 2008 03:45PM NBC Host Meet The Press, Tim Russert, Died This Afternoon
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Jun 13, 2008 08:40AM Saudi Oil Minister Says June Meeting To 'Stabilize" Market - Bloomberg
Jun 12, 2008 01:11PM Crude Continues to Move Back Toward Break-Even On the Session
Jun 12, 2008 08:14AM Crude for July Delivery is down $2.66 to $133.70 per barrel this AM
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Jun 3, 2008 01:27PM Obama Clinches Democratic Nomination, According to AP Delegate Count
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