Activist hedge fund Starboard Value LP, today, disclosed that it has taken a 13.3% ownership stake in Office Depot Inc. (NYSE: ODP). Starboard is now ODP’s largest shareholder.
Continue reading Starboard Discloses Stake in Office Depot (ODP)
Fashion accessories retailer, Fossil Inc. (NASDAQ: FOSL) announced on Friday that Michael Kovar, the current Chief Financial Officer, Treasurer and executive vice president will leave the company in March 2013.
Shares of Analogic Corp. (NASDAQ: ALOG) surged in trading today after the medical and security imaging equipment maker reported strong fourth-quarter financial results. ALOG’s fourth-quarter net income more than doubled, driven by greater sales of ultrasound and security products.
The following are major gainers in trading on September 14. Continue reading Major Movers on September 14; FOSL, WERN, ALOG, HD
Pier 1 Imports (NYSE: PIR) reported on Thursday that its fiscal second-quarter earnings climbed 58% as decorative home furnishings and gifts retailer’s sales soared even as it received income tax benefit.
Shares of Pall Corp. (NYSE: PLL) surged in trading today after the company reported better-than-expected fourth-quarter results, driven by an increase in pharmaceutical and aerospace sales. Continue reading Pall Corp. Shares Rally as Q4 Results Beat Estimates (PLL)
Shares of Freddie Mac (OTC: FMCC), a government-sponsored enterprise conducting business in the U.S. residential mortgage market and the worldwide securities market, surged in trading today.
Shares of ChromaDex Corp. (PINK: CDXC), a supplier of ingredients, phytochemical, reference standards, and related phytochemical products and services to the dietary supplement, food and beverage, cosmetic and pharmaceutical industries, rose sharply in trading today.
The following are the major movers in trading on September 13. Continue reading Major Movers on September 13; BIOF, EQIX, RITT, AMD, PLL
Chesapeake Energy Corp. (NYSE: CHK) on Wednesday announced that it has successfully negotiated higher prices for some of its premium assets. The oil and gas producer said that these deals involving lands and infrastructure will help raising $6.9 billion -which is approximately half of its net debt that company is looking to lower by the end of this year. Nonetheless, stock ended lower. Continue reading Chesapeake Energy Negotiates Higher Prices for Some its Assets (CHK) |
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