Daily deals site, Groupon Inc. (NASDAQ: GRPN) announced on Monday that it has acquired Blink Booking. Blink Booking is a Madrid based start-up which made last minute hotel booking app called Blink. The terms of the deal were not revealed though. Blink, which was founded in 2011, raised $2.5 million last year in order to [...]
Japan’s Suntory Beverage & Foods Ltd. has agreed to acquire, Lacozade and Ribena, two soft drink brands from GlaxoSmithKline Plc. (ADR) (NYSE: GSK) in a deal estimated at 1.35 billion pounds or $2.1 billion. The acquisition will allow Suntory, known for its beer and Yamazaki whisky, to beef up its product portfolio and gain traction [...]
Firearms maker, Smith & Wesson Holding Corp. (NASDAQ: SWHC) after the market close on Thursday said that fiscal first quarter net income rose 49%, driven by robust demand for guns. Besides, earnings and revenue also beat Street’s consensus estimate. However, analysts are concerned about the future sales trend. Analysts fear that the unusual demand seen [...]
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 e-commerce marketplace, Groupon Inc. (NASDAQ: GRPN) gained sharply on Thursday after Morgan Stanley upgraded the stock to a “buy”, citing turnaround in North American region due to the introduction of the deal bank. Besides, in the research report, Morgan Stanley’s equity analyst, Scott Devitt also said that Groupon’s growing revenue from mobile business [...]
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, [...] |
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