Markison, Chairman, President and Chief Executive Officer of King, said in a statement on Thursday. Shares of the company had closed slightly down by $0.06 or 0.66 percent to $9.06 on Wednesday.


NASDAQ Omx Group Inc (NASDAQ GS: NDAQ):

Nasdaq Omx Group said its third quarter net income gained by 28 percent to $60.1 million, or $0.28 per share, compared with net income of $365.0 million, or $2.41 per share, in the third quarter of 2007. Excluding special items, earnings of the firm was 27.7 percent higher to $60.1 million, or $0.28 per share, compared with net income of $365.0 million, or $2.41 per  share, in the third quarter of 2007. The net income results from last year include a pre-tax gain of $431.4 million associated with NASDAQ's sale of its share capital of the London Stock Exchange Group plc, which had the impact of increasing earnings per share by $1.95. Total revenue was $1.0 billion in the third quarter of 2008. The market analysts on Wall Street projected the New York-based company to post earnings of 52 cents per share on revenue of $974.9 million in the quarter. "The $100 million in expense synergies resulting from the combination with OMX are now expected to be achieved in the fourth quarter this year, up from the original estimate of year-end 2009, and up from the first quarter of 2009 target that we communicated last quarter," David Warren, NASDAQ OMX's Chief Financial Officer, said in a statement on Thursday. Shares of the company had closed down on Wednesday by 88 cents or 2.64 percent to $32.41 on Thursday.

Toyota Motor Corp (NYSE: TM):

Toyota Motor reported that its second quarter earnings dropped by as much as 69 percent in the period to 139.8 billion yen ($1.43 billion), compared to 450.9 billion yen reported a year earlier in the same quarterly period. The market analysts had expected the world's second largest automaker to post a net profit of 235.98 billion yen ($2.41 billion) in the quarter. "Currently, the financial crisis is negatively impacting the real economy worldwide, and the automotive markets, especially in developed countries, are contracting rapidly," Toyota Motor Corp. Executive Vice President Mitsuo Kinoshita said in a statement. The Tokyo-based company's revenue declined by 8 percent to 5.98 trillion yen ($60 billion), compared to 6.49 trillion yen posted in the year ago in the same period. Toyota also cut its outlook on slumping consumer demand across the world and the country's currency exchange rates. Its cut its net profit forecast for the fiscal year ending March 31, 2009 to 550 billion yen ($5.5 billion), which is about half of its earlier projection of 1.25 trillion yen ($12.6 billion) for the same period. "We are thoroughly reviewing production capabilities by reexamining aspects such as the timing and scale of new projects.