Snap-on Incorporated (NYSE: SNA) SNA ("Snap-on") reported operating results for the third quarter of 2012. The Company's sales of 711.6 million increased 14.4 million, or 2.1%, from 2011 levels; excluding 16.6 million of unfavorable foreign currency translation, organic sales increased 4.6%. Snap-on expects to continue with its planned strategic investments to enhance its mobile tool distribution network, expand in the vehicle repair garage, extend to critical industries and build in emerging markets. As a result of these initiatives, Snap-on anticipates that capital expenditures in 2012 will be in a range of 75 million to 80 million, of which 59.5 million was spent in the first nine months of 2012. Snap-on anticipates that its full year 2012 effective income tax rate will approximate 33.2%. Snap-on Incorporated (NYSE: SNA) is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, including aviation, aerospace, agriculture, construction, government and military, mining, natural resources and power generation. Products and services are sold through the companys franchisee, company-direct, distributor and internet channels. Founded in 1920, Snap-on is a 2.9 billion, SP 500 company headquartered in Kenosha, Wisconsin. For additional information, please visit www.snapon.com. Morgan Stanley (NYSE: MS) MS ("Morgan Stanley") reported net revenues of 5.3 billion for the third quarter ended September 30, 2012 compared with 9.8 billion a year ago. For the current quarter, the loss from continuing operations applicable
to Morgan Stanley was 1.0 billion, or a loss of 0.55 per diluted share,7 compared with income of 2.2 billion, or 1.14 per diluted share,7 for the same period a year ago. Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com. Crown Equity Holdings Inc. (CRWE) CRWE has launched a online service company CRWE Direct. CRWE Direct (www.crwedirect.com) is an online business-to-business marketplace for manufacturers and small to large businesses to purchase various types of merchandise. Manufacturers may start downloading their product immediately, free of charge during the next six months. Thereafter, there will be various annual fees. The listing process and image loading for both sites are user-friendly. CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit www.crownequityholdings.com. THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: CRWEWallStreet.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. (Read Full Disclaimer at http://crwewallstreet.com/disclaimer).