business

This is what's in the news for Monday, August 15th. Reuters reports that Time Warner Cable (NYSE:TWC) is said to have reached a deal to buy The Carlyle Group's Insight Communications, a cable operator, for $3B in cash. Bloomberg r

Good Morning. It's Monday, August 15, 2011. At this hour, U.S. equity futures are higher. Overseas, the Asian markets gained, while the European markets are mixed. Transocean Services (NYSE:RIG) , announced an all cash voluntary o

John Chambers, chairman and CEO, Cisco said, "We've made significant progress on our comprehensive action plan to position ourselves for our next stage of growth and profitability, while delivering solid financial results in Q4.

Cisco Systems (NASDAQ:CSCO) reported Q4 EPS of $0.40, ahead of consensus estimates of $0.38 per share. Revenues for the quarter rose 3.7% year-over-year to $11.2 billion, ahead of consensus estimates of $11.0 billion.

Darren R. Jackson, Chief Executive Officer said, "We are very pleased with our second quarter results that include double-digit comparable store sales growth in commercial and incremental improvements in DIY.

Advanced Auto Parts (NYSE:AAP) reported Q2 EPS of $1.46, better than analyst estimates of $1.38. Revenues for the quarter rose 4.4% to $1.48 billion, missing consensus estimates of $1.50 billion.

Rupert Murdoch, CEO and Chairman of NewsCorp said, "While it has been a good quarter from a financial point of view, our company has faced challenges in recent weeks relating to our London tabloid, News of the World. We are acting

NewsCorp (NASDAQ:NWSA) reported Q4 EPS of $0.35, topping analyst estimates of $0.30. Revenues for the quarter were $8.98 billion, better than consensus estimates of $8.46 billion.

The bank sees 2011 EPS of $0.78, down from $0.83 per share, and 2012 EPS of $1.05, down from $1.75 per share.

SunPower has a potential upside of 17.9% based on a current price of $16.47 and an average consensus analyst price target of $19.41.

Citigroup lowered its 2011 and 2012 EPS estimates for SunPower Corp. (NASDAQ:SPWRA) and maintained its hold rating and $16.50 price target.

JetBlue's preliminary passenger revenue per available seat mile for the month of July increased 5% year-over-year.

JetBlue Airways (NASDAQ:JBLU) has a potential upside of 81.7% based on a current price of $4.04 and an average consensus analyst price target of $7.35.

JetBlue Airways (NASDAQ:JBLU) reported its preliminary traffic results for July. Traffic in July increased 11.1% from July 2010, on a capacity increase of 11.6%. The load factor for the month was 85.9%, a decrease of 0.3 points in

The bank sees a 2011 loss of $0.15 per share and a 2012 loss of $0.37 per share.

MGM Resorts International has a potential upside of 60.2% based on a current price of $10.61 and an average consensus analyst price target of $17.

Citigroup lowered its price target for MGM Resorts International (NYSE:MGM) to $13.50 from $16 and maintained its hold rating on the stock.

The unit is geographically balanced and has a good mix of mature and emerging programs.

Boeing (NYSE:BA) has a potential upside of 45% based on a current price of $59.62 and an average consensus analyst price target of $86.43.

According to The Hill, Boeing (NYSE:BA) Military Aircraft, President Chris Chadwick said he wouldn't trade the unit's portfolio for any of its competitors in the world.

Harman International Industries has a potential upside of 112% based on a current price of $27.83 and an average consensus analyst price target of $59.

Harman International Industries is currently below its 50-day moving average (MA) of $43.64 and below its 200-day MA of $45.35.

Harman (NYSE:HAR) reported Q4 EPS of $0.34, ex-items, missing consensus estimates of $0.45 per share. Revenues for the quarter rose 21.2% year-over-year to $1.03 billion, ahead of consensus estimates of $0.96 billion.