China Eastern Airlines Corporation (NYSE:CEA) said that in 2009, the business environment for airlines started to change for the better, and the improving economy paved the way for a recovery in demand for air transportation in both domestic and international markets.
Additionally, the first quarter of 2010 showed that the Group's performance was improving and was at the best level in recent years since the integration of China Eastern and Shanghai Airlines.
The company expects that the global economy will stabilize and China will lead in the recovery. The international markets for air transportation are expected to recover gradually.
Shares of China Eastern are up over 10%.
Tupperware Brands (NYSE:TUP) reported record first quarter 2010 sales and profit. First quarter 2010 sales increased in local currency by 11% versus 2009. A positive impact from foreign exchange rates of 9% resulted in GAAP sales that were 20% above the first quarter of 2009.
Adjusted diluted EPS of 76 cents in the quarter was 16 cents better than the high end of the guidance range given in February. This was up 31 cents, or 69% versus the prior year.
Tupperware shares are up 9.3%.
Visa (NYSE:V) and CyberSource Corporation (CYBS) announced that they have entered into a definitive agreement for Visa to purchase CyberSource at a price of $26.00 per share, or total consideration of approximately $2.0 billion to be paid with cash on hand.
Shares of CyberSource are higher by more than 31.75%.
AM Castle (NYSE:CAS) was upgraded by KeyBanc Capital Markets (NYSE:KEY) from hold to buy today.
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