Albertsons LLC and Eaton Corporation each jumped more than 60 spots to break onto the list, while ConAgra Foods and Computer Sciences Corporation jumped almost 50 spots. The news behind the biggest movers ranged from restructuring and competitive pressures to ground-breaking product developments and high-profile sponsorships.
Austin, TX (PRWEB) July 7, 2006 –
Hoover's, Inc., the leading provider of proprietary business insight to U.S. businesses, today announced the latest monthly edition of “The Hoover’s 100”, a monthly list of the companies most searched on Hoover’s Web site (http://www.hoovers.com).
Derived by tracking the search requests of Hoover’s subscribers, The Hoover’s 100 company list provides insight about which companies are being watched most closely by corporate executives, as well as sales, marketing, and business development professionals, who represent a large portion of Hoover’s customers seeking business intelligence.
“There are 13 newcomers to the latest Hoover’s 100 list, and quite a few of them jumped well up in the ranks,” said Tim Walker, Hoover’s industry analyst. “Albertsons LLC and Eaton Corporation each jumped more than 60 spots to break onto the list, while ConAgra Foods and Computer Sciences Corporation jumped almost 50 spots. The news behind the biggest movers ranged from restructuring and competitive pressures to ground-breaking product developments and high-profile sponsorships.”
ConAgra Foods, Inc. (From #84 to #38)
Several smaller developments added up to a big boost in the Hoover’s 100 rankings for ConAgra Foods. Progress on the company’s three-year restructuring plan drew positive reactions at the end of June, when the packaged-food giant reported a 7% improvement in fourth-quarter profit. During its fourth quarter, ConAgra sold its ham and seafood businesses for about $440 million, which boosted corporate profits despite a dip in revenue. The company is carrying out a plan to spin off certain businesses so it can focus on higher-margin brands. The next candidate for the auction block: ConAgra’s packaged meat and cheese business.
Albertsons LLC (From #142 to #76)
June brought big changes for Albertsons LLC, parent company of the Albertson’s grocery stores so common in the western half of the US. The company was once the nation's #2 grocer, but incursions into its market by nontraditional players—especially Wal-Mart and Costco Wholesale—hurt the chain’s performance. Last month Albertsons completed the $9.7 billion sale of its operations to a consortium that included grocer SUPERVALU, drugstore chain CVS, investment firm Cerberus Capital Management, and Kimco Realty. In the wake of the deal, Albertsons announced plans to shutter 125 Albertson’s, Super Saver, and Grocery Warehouse stores. A worker’s union also raised questions about the huge severance package (reportedly $105 million) for recently departed chairman and CEO Larry Johnston.
Eaton Corporation (From #144 to #83)
Eaton’s many diversified businesses give it lots of chances to eat up publicity. In June, the company’s engine unit made news as part of a group introducing a ground-breaking hydraulic hybrid diesel urban delivery vehicle. The company joined the Environmental Protection Agency, United Parcel Service, the U.S. Army, and International Truck and Engine to announce the technology, which enables a 60% to 70% improvement in fuel economy and more than a 40% reduction in carbon dioxide emissions for delivery trucks. Besides its work in truck engines, Eaton is one of the world's largest manufacturers of grips for golf clubs. In June the company announced that 52 of the 63 golfers who completed all four rounds at the U.S. Open —and eight of the top 10 finishers—used its GolfPride grips.
Computer Sciences Corporation (From #104 to #55)
June brought a mixed bag of news for Computer Sciences Corporation (CSC). The big IT services firm announced two huge contracts—a three-year, $276 million deal with the New York Department of Health under which CSC will continue as the fiscal agent for New York's Medicaid program, and a four-year, $146 million contract that extends CSC’s relationship with AMP Limited. Also in June, CSC’s board forestalled considerations that it might sell the company when it authorized the repurchase of up to $2 billion of its common stock. The company got more exposure in mid-June when Team CSC announced its nine-man roster for the Tour de France. But on the eve of the world’s greatest cycling race, Tour officials expelled several favorites, including Italy’s Ivan Basso, a star member of Team CSC who won this year’s prestigious Giro d’Italia stage race but was implicated in a doping investigation.
The Hoover’s 100 Company List for June 2006:
Rank Company Last Mo. Change
1 General Electric Company 4 +
2 Wal-Mart Stores, Inc. 1 -
3 Bank of America Corporation 8 +
4 Microsoft Corporation 3 -
5 Citigroup Inc. 10 +
6 Pfizer Inc 7 +
7 The Procter & Gamble Company 6 -
8 Johnson & Johnson 2 -
9 International Business Machines Corporation 5 -
10 JPMorgan Chase & Co. 17 +
11 Hewlett-Packard Company 12 +
12 Dell Inc. 13 +
13 Target Corporation 9 -
14 AT&T Inc. 22 +
15 The Home Depot, Inc. 16 +
16 American International Group, Inc. 26 +
17 3M Company 20 +
18 Verizon Communications Inc. 11 -
19 Cendant Corporation 25 +
20 Starbucks Corporation 15 -
21 General Motors Corporation 14 -
22 Abbott Laboratories 28 +
23 Cisco Systems, Inc. 24 +
24 Kraft Foods Inc. 31 +
25 Electronic Data Systems Corporation 39 +
26 Motorola, Inc. 38 +
27 Honeywell International Inc. 44 +
28 Sprint Nextel Corporation 36 +
29 The Walt Disney Company 30 +
30 Wachovia Corporation 32 +
31 Oracle Corporation 35 +
32 Apple Computer, Inc. 18 -
33 American Express Company 43 +
34 Wells Fargo & Company 45 +
35 Google Inc. 29 -
36 Best Buy Co., Inc. 49 +
37 Merck & Co., Inc. 41 +
38 ConAgra Foods, Inc. 84 +
39 PepsiCo, Inc. 37 -
40 Exxon Mobil Corporation 27 -
41 NIKE, Inc. 21 -
42 Intel Corporation 19 -
43 The Coca-Cola Company 23 -
44 Time Warner Inc. 34 -
45 Accenture Ltd 50 +
46 Federated Department Stores, Inc. 48 +
47 Gap Inc. 47 nc
48 Morgan Stanley 53 +
49 The Boeing Company 40 -
50 The Goldman Sachs Group, Inc. 58 +
To see the entire list of The Hoover’s 100, click here.
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About Hoover’s, Inc. (http://www.hoovers.com)
Hoover’s, a D&B company, gives its customers a competitive edge with insightful information about industries, companies, and key decision makers. Hoover’s provides this updated business information for sales, marketing, business development, and other professionals who need intelligence on U.S. and global companies, industries, and the people who lead them. This information, along with powerful tools to search, sort, download and integrate the content, is available through Hoover’s Web site, the company’s premier online service. Hoover’s business intelligence is also available through corporate intranets and distribution agreements with licensees, as well as via Hoover’s books. The company is headquartered in Austin, Texas.
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