Empire Company Ltd., the parent company of Canadian grocery chain, Sobeys Inc., announced late on Wednesday that it will be acquiring Safeway Inc.’s (NYSE: SWY) business in Canada in deal valued at $5.7 billion. The acquisition would allow Sobeys to almost double its presence in the western region of the nation. [...]
Five Below Inc. (NASDAQ: FIVE) reported late on Wednesday that it swung into a profit in its fiscal first quarter, driven by more than 30% revenue growth. [...]
Shares of Cooper Tire & Rubber Company (NYSE: CTB) catapulted about 40% by afternoon trade after the Ohio based Company received a buyout bid of $2.5 billion from an Indian tire manufacturer Apollo Tiers. Apollo has agreed to pay $35 in cash, which implies 42.5% premium over the Tuesday’s closing stock price. [...]
Shares of LDK Solar Co. Ltd. (ADR) (NYSE: LDK) tumbled 10.98% by afternoon trade. The heavily indebted Chinese solar company said on Tuesday that fiscal first quarter loss widened. The Company blamed low panel prices for its poor show. Panel prices have fallen sharply due to oversupply in China and slowdown in Europe, where governments [...]
Shares of Dole Food Company Inc. (NYSE: DOLE) soared on Tuesday after its Chairman and Chief Executive David H. Murdock offered to acquire the Company in a deal which is estimated at about $1.5 billion. [...]
Natural and organic food maker, Annie’s Inc (NYSE: BNNY) reported late on Monday that fiscal second quarter net income surged due to higher sales, a lower tax rate and favorable comparables. In the same quarter of last fiscal year, the Company had to recall frozen pizza, which put pressure on the bottom line. [...]
Shares of Stellarone Corp. (NASDAQ: STEL) rallied about 16.35% by afternoon trade on Monday. The Company announced on Monday that it has agreed to be acquired by Union First Market Bankshares Corp in deal valued at about $445 million. According to the terms of the deal, Union First will offer one share against each share [...]
Changes in menus, more advertising on value-meals, and sales promotion efforts such as expanded late night breakfasts, seems to have worked in favor of the world’s largest burger chain, McDonald’s Corporation (NYSE: MCD). [...]
Shares of the Cooper Companies Inc. (NYSE: COO) gained about 5% by afternoon trade. Higher revenue and stronger margins, helped in driving up the fiscal third quarter income by 37%. Although revenue fell short of estimation, non-GAAP earnings topped expectation. The Company boosted its full-year earnings outlook but slashed the upper end of the full-year [...]
Shares of Fast food chain, Yum! Brands Inc. (NYSE: YUM) gained on Friday after equity research analysts at UBS AG upgraded the stock to “buy” from “neutral”. [...] |
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