Home appliances maker, Whirlpool Corp. (NYSE: WHR) said on Tuesday that it has agreed to buy a majority stake in China’s Hefei Rongshida Sanyo Electric Co in deal estimated at about $555.4 million. The move will allow the Company to gain traction in China. Whirlpool said that its will purchase all Hefei Sanyo shares both [...]
Struggling smartphone maker, BlackBerry Ltd. (NASDAQ: BBRY) said on Monday that it is mulling all strategic options like joint ventures partnerships, including putting itself up for sale. Flagging sales and dwindling market-share have hammered Blackberry shares this year. In a statement released on Monday, BlackBerry said that a special board has been commissioned which will [...]
David H Murdock Jr., the Chief Executive of Dole Food Company Inc. (NYSE: DOLE) announced on Monday that he has agreed to buy 100% stake in the food and vegetable company in deal estimated at $1.6 billion, including debt. According to the terms of the deal, Murdock will pay $13.50 per share to acquire another [...]
The world’s largest coffee chain, Starbucks Corporation (NASDAQ: SBUX) said on Friday that its fiscal third-quarter net income rose 25%, aided by robust growth in same-store sales, worldwide. [...]
Tulsa, Oklahoma-based diversified energy company, ONEOK Inc. (NYSE: OKE) today announced that its Board of Directors authorized the management to pursue a plan to separate the company’s natural gas distribution business into a standalone publicly traded company. [...]
Shares of VMware Inc. (NYSE: VMW), a provider of virtualization infrastructure solutions, are seeing a huge rally in trading today after the company reported strong second-quarter financial results. [...]
Shares of Illumina Inc. (NASDAQ: ILMN) struck a new 52-week high today after the San Diego, California-based company reported its financial results for the second quarter. Illumina, which is engaged in the development and manufacture of life science tools and integrated systems for the analysis of genetic variation and function, reported non-GAAP earnings of $0.43 [...]
Shares of Netflix Inc. (NASDAQ: NFLX) have fallen sharply in trading today after the Los Gatos, California-based company reported that it added less-than-forecast subscribers in the U.S. during the second quarter. NFLX added 630,000 subscribers in the U.S. during the quarter ended June 30, 2013. The company ended the quarter with 28.6 million U.S. subscribers, [...]
Semiconductor maker, Texas Instruments Incorporated (NASDAQ: TXN) said late last evening that its fiscal second-quarter net income increased 48%, aided by a big onetime gain (the company transferred technology to an unnamed client for $315 million). [...]
Shares of Kimberly Clark Corp. (NYSE: KMB) fell about 1.47% by afternoon trade. The Consumer products maker, reported on Monday that fiscal second quarter net income increased 5.6% as cost cutting measures, improvement in international business helped offsetting its restructuring expenses arising from Western European operations. [...] |
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