stock market news, financial, business, earnings & dividend reports

 Upgrades

Downgrades

Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in avocado marketing and an expanding provider of other perishable items and prepared foods, reported that fiscal 2010 third quarter net income advanced 141 percent on an eight percent increase in revenues. Eclipsing the previous all-time highs set last quarter, the record results reflect higher fresh and prepared avocado product sales, as well as growth in diversified perishable produce.

The Board of Directors of Harleysville Group Inc. (NASDAQ: HGIC)  increased the company’s regular quarterly cash dividend by 11 percent to $0.36 per share from $0.325 per share, or to an annualized $1.44 per share from $1.30 per share. The dividend is payable September 30, 2010, to shareholders of record on September 15, 2010. This marks the 97th consecutive quarter Harleysville Group has paid a dividend since the company went public in 1986.*

Oxford Industries, Inc. (NYSE: OXM) announced financial results for its fiscal 2010 second quarter, which ended July 31, 2010.  Consolidated net sales were $186.5 million in the second quarter of fiscal 2010 compared to $192.9 million in the second quarter of fiscal 2009.  Last year's sales included $13.4 million of sales from businesses the Company has exited.  Diluted net earnings per share were $0.44, exceeding both the Company's previously issued guidance of $0.30-$0.35 and a loss of $0.01 per share in the second quarter of fiscal 2009.

Golub Capital BDC, Inc. (Nasdaq: GBDC) board of directors declared a quarterly dividend of $0.31 per share payable on September 30, 2010 to holders of record as of September 10, 2010.*

Regal Beloit Corporation (NYSE:  RBC) announced that it has acquired Rotor B.V. headquartered in Eibergen, the Netherlands.

Rotor sells standard and special electric motors to a variety of industries including the marine industry, ship building and offshore oil and gas. In addition to the Netherlands, Rotor also sells throughout Europe, the UK and Japan.  The management of Rotor will continue to lead the company following the acquisition.

MCG Capital Corporation (Nasdaq: MCGC) board of directors  declared a dividend of $0.12 per share. The dividend is payable as follows:*

Record date: September 7, 2010
Payable date: October 4, 2010

Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced results for its fiscal third quarter, which ended July 31, 2010.

Michael J. Gasser, chairman and chief executive officer, said, "We are pleased with our strong third quarter results, which were driven by improved sales volumes across all our businesses and geographic regions compared to the same quarter last year.  Operating profit margin increased by more than 1 percentage point due to higher sales volumes, cost controls and productivity improvements.  In addition, the quarterly results benefited from permanent cost savings that were achieved during fiscal 2009 and further savings realized this year."