The proposed $2.5 billion takeover deal between Copper Tire and Rubber Company (NYSE: CTB) and India’s Apollo Tyres is in trouble. The management from both companies got involved in some heated arguments over the price issue over the weekend. After the deal received an approval from Cooper’s shareholders few days ago, some labor related issues [...]
Time Warner Cable Inc. (NYSE: TWC) announced on Monday that it has agreed to acquire DukeNet Communications in an all-cash deal estimated at $600 million. The deal also assumes repayments of debt. The acquisition will help Time Warner Cable to expand its internet service business for its institutional customers. Charlotte based DukeNet, is currently owned [...]
Activist investor, Jana Partners LLC unveiled through its regulatory filing on Friday that it now holds a stake of 13.5% in Outerwall Inc. (NASDAQ: OUTR), formerly known as Coinstar Inc., adding that it plans to discuss strategic options with the management, which includes a possible sale of Redbox video rental Kiosks business. Shares of Outwerwall [...]
Samsung Electronics (OTC: SSNLF), the world’s biggest smartphone manufacturer by shipments, said on Friday that it anticipates to post an operating profit of 9.9 trillion won to 10.3 trillion won ($9.2 billion to $9.6 billion) for the fiscal third quarter ended September 30. The South Korean Company posted an operating profit of 9.5 trillion in [...]
Equity research analysts at Oppenheimer downgraded the pizza restaurant chain, Domino’s Pizza (NYSE: DPZ) to a “market-perform” from an “outperform”. Although Oppenheimer believes that operating metrics and management execution of the pizza company will continue to remain unparalleled, it foresees some headwinds like unfavorable comparable from the year-ago period and tough conditions which could restrict [...]
Wine and spirit company, Constellation Brands (NYSE: STZ) reported adjusted earnings of $188.7 million or 96 cents a share for the fiscal second quarter compared to a profit of $131 million or 71 cents a share, in the year earlier quarter. Analysts polled by Thomson Reuters had forecasted earnings of 88 cents a share. Revenue [...]
Shares of Monsanto Company (NYSE: MON) edged lower on Wednesday as the agricultural products seller’s fiscal fourth quarter loss widened. The bottom line was hurt by flat margins, and lower sales at its seeds business and genomics division. Loss per share on non-GAAP basis was higher than analysts’ expectation while revenue also fell short of [...]
Archer Daniels Midland Company (NYSE:ADM) is in final stages of negotiations with the world’s leading cocoa trader, Cargill Inc. to sale its coca business, reported Reuter, citing sources familiar with the matter as saying. If the deal materializes then it would create a giant in the Cocoa industry since it is dominated by two firms. [...]
Drug maker, Merck & Co; Inc. (NYSE: MRK) announced on Tuesday that it plans to cut 8,500 jobs as part of its bigger plan to streamline its research and development and improve its commercial focus. The Whitehouse Station, N.J; based Company expects to save nearly $2.5 billion in annual costs by the end of year [...]
Walgreen Company (NYSE: WAG), the largest drug store chain in the U.S. said on Tuesday that fiscal fourth quarter earnings soared 86%. Results were boosted by its acquisition of a beauty retailer Alliance Boots. For the latest period ended Aug. 31, the Deerfield Ill; based drug store chain reported a net income of $657 million [...] |
|
|
|
Copyright © 2024 Daily Stocks News - All Rights Reserved Powered by WordPress & Atahualpa |
||
Recent Comments