Japan’s Suntory Beverage & Food is in final round of talks with Britain’s leading drug maker, GlaxoSmithKline Plc. ADR (NYSE: GSK) to buy latter’s Locozade and Ribena drinks, said people familiar with the matter. These sources said that Suntory has offered more than 1 billion pounds (about $1.6 billion) to buy these brands. The deal [...]
Beleaguered smartphone manufacturer, Blackberry Ltd. (NASDAQ: BBRY) is trying to speed up its auctioning process, said sources familiar with the matter. These courses said that the Company intends to find a buyer by November. Last month, the Company announced that it was looking at all strategic alternatives to transform its flagging business. Since then, the [...]
Shares of SAIC Inc. (NASDAQ: SAI) fell sharply on Wednesday after the defense contractor reported a dip in fiscal second quarter profit. Weaker revenue, expenses linked to a separation of the company into two and big asset impairment charge all weighed on the bottom line. Revenue and earnings per share also fell short of Street’s [...]
Telecom-equipment maker, Ciena Corporation (NASDAQ: CIEN) reported on Wednesday that fiscal third quarter loss narrowed as the bottom line was bolstered by higher revenue and wider margin. Shares rallied as both revenue and earnings beat analysts’ expectations. In addition, the Company also handed strong guidance for the current quarter. The Company anticipates revenue of $550 [...]
South Korean electronic goods giant, Samsung is ready to launch its new large-screen Galaxy Note 3 series phone at IFA, Berlin, (annual consumer electronics trade show) on Wednesday. However, all gadget freaks are eagerly waiting for the simultaneous launch of the “Smartwatch”, more popularly dubbed as Galaxy Gear. Earlier this week, Samsung Electronics’ executive also [...]
Jarden Corp. (NYSE: JAH), which supplies wide-ranging consumer products, announced on Monday that it has agreed to buy a Yankee Candle Company Inc from a private equity firm, Madison Dearborn Partners LLC. in a deal valued at $1.75 billion. Yankee Candle was bought by Madison Dearborn Partners LLC in 2006 for $1.6 billion. The deal, [...]
Wall Street Journal, citing sources familiar with the matter said on Friday that General Electric Co. (NYSE: GE) is planning to spin off its U.S. consumer lending operations, which is a part of the finance unit of GE capital. The move comes as the conglomerate looks to shift its focus towards core competencies, which is [...]
K12 Inc. (NYSE: LRN), a technology-based education provider handed better-than-expected fiscal fourth quarter results. For the latest quarter, the Herndon, VA based Company reported net income of $2.2 million or 6 cents a share compared to a profit of $1.8 million or 5 cents a share, in the year-earlier quarter. Analysts polled by Thomson Reuters [...]
Although Signet Jewelers Inc.’s (NYSE: SIG) fiscal second-quarter revenue rose 3% and core earnings topped analysts’ expectation, shares fell sharply on Wednesday as women accessories provider’s guidance for the current quarter fell short of Street’s expectation. Revenue in the latest period also missed Wall Street’s expectation, mainly due to its disappointing performance in the U.K. [...]
Mining equipment company, Joy Global Inc. (NYSE: JOY) reported on Wednesday that fiscal third quarter net income slipped 5.3% as margin narrowed and sales declined. Still, core earnings and revenue topped Street’s expectation. Shares, however, fell sharply as the company expects some headwinds in coming months. Citing corrections in coal prices (China and Australia), CEO, [...] |
|
|
|
Copyright © 2024 Daily Stocks News - All Rights Reserved Powered by WordPress & Atahualpa |
||
Recent Comments