Crown Equity Holdings Inc. (OTCBB:CRWE) announced recently that it has launched its crwenewswire.fr website to provide news in France’s native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.ca shortly.
“The new website is one step in many towards the company goal of expanding its footprint internationally, ” commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. “Our goal for 2010 is to have all CRWE’s clients’ press releases, articles and news content published in every major financial country’s native language, as well as within cities of every state of our country,” stated Mr. Bosket.
Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
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Morgan Stanley Income Securities Inc. (NASDAQ: ICB) recently declared a monthly income dividend of $.0825 per share.
Morgan Stanley Income Securities Inc. is a closed-end diversified management investment company which intends to invest all of its assets in fixed income securities.
The Trust’s investment objective is to provide as high a level of current income as is consistent with prudent investment.
Morgan Stanley Income Securities, Inc. operates as a diversified, closed-end management investment company in the United States. The fund?s investment portfolio includes corporate bonds, short-term investments, the U.S. government obligations, repurchase agreement, asset-backed securities, and foreign government obligations.
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MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM),”MSC” or the “Company,” one of the largest direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations (“MRO”) supplies to industrial customers throughout the United States,today reported financial results for its fiscal 2010 third quarter ended May 29, 2010.
For the fiscal 2010 third quarter, net sales rose 28.5% to $450.4 million, compared with $350.5 million in the prior year period. Operating income increased 55.6% in the fiscal 2010 third quarter to $70.4 million, or 15.6% of net sales, from $45.2 million, or 12.9% of net sales, in the third quarter of fiscal 2009.
For the third quarter of fiscal 2010, the Company reported net income of $44.2 million, an increase of 59.4% over net income of $27.8 million in the third quarter of fiscal 2009. Diluted earnings per share in the fiscal 2010 third quarter were $0.69 (based on 63.3 million diluted shares outstanding), compared to $0.44 (based on 62.4 million diluted shares outstanding) in the same period a year ago, an increase of 56.8%. The Company noted that the third quarter of fiscal 2010 had one more sales day than the third quarter of fiscal 2009.
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Harvey L. Karp, Chairman of Mueller Industries, Inc. (NYSE: MLI), announced recently that Mueller’s net income in the second quarter of 2010 was $15.6 million, or 41 cents per diluted share. This compares with net income of $6.0 million, or 16 cents per diluted share, for the same period of 2009. Net sales for the second quarter of 2010 were $540.4 million compared with $367.8 million in 2009. For the first half of 2010, net income was $49.5 million, or $1.31 per diluted share, on net sales of $1.03 billion. This compares with net income of $3.5 million, or 9 cents per diluted share, on net sales of $694.4 million for the first half of 2009.
Net sales of the Company’s core product lines increased substantially due to the higher market values of copper and brass, the Company’s principal raw materials, which are largely passed through to customers. In the second quarter of 2010, the Comex average price of copper was 48 percent higher than in the second quarter of 2009.
Mueller Industries, Inc. is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; and fabricated tubular products. Mueller’s operations are located throughout the United States and in Canada, Mexico, Great Britain, and China. Mueller’s business is importantly linked to: (1) the construction of new homes; (2) the improvement and reconditioning of existing homes and structures; and (3) the commercial construction market that includes office buildings, factories, hotels, hospitals, etc.
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