30 Aug 2012 @ 14:32
Citigroup Inc. (
NYSE:C) will be paying $590 million to settle a lawsuit by its shareholders, who claimed that the bank kept them in dark by not disclosing massive losses arising out of subprime mortgage assets before the baking crisis erupted.
30 Aug 2012 @ 09:43
I argued a few weeks ago on t1ps.com that AIM listed solar wafer producer PV Crystalox (
LSE:PVCS) should shut its operations at once and return all its cash to shareholders. The share price is 7.9p valuing PV at £32 million and the company (as at the half year) had net cash of 122 million Euro, […]
29 Aug 2012 @ 11:37
The Hertz Global Holdings car rental group’s (
NYSE:HTZ) acquisition of the Dollar Thrifty Group (
NYSE:DTG) has the potential to shake up the US car rental business with its underlying strategy, if it gains regulatory approval and if it can manage its debt load. DTG shares rose 7.5% to $87.08 yesterday setting a new five-year high […]
28 Aug 2012 @ 14:48
Chicken producer, Sanderson Farms Inc. (
NASDAQ:SAFM) reported better-than-expected fiscal third quarter earnings and revenue as sturdy demand in grocery stores helped company to raise prices of poultry products.
28 Aug 2012 @ 14:16
Amid sharp plunge in prices of its main product, butadiene, on account of weak demand from tire manufacturers, chemical company, TPC Group Inc. (
NASDAQ:TPCG) has agreed to be acquired by private equity firms First Reserve Corp. and SK Capital Partners in a deal estimated at $627.2 million.
27 Aug 2012 @ 14:54
Trimble Navigation Ltd. (
NASDAQ:TRMB) revealed on Monday that it is about to acquire TMW Systems Inc, a specialized software maker for transportation and logistics industries, in an all cash deal worth $335 million.
27 Aug 2012 @ 14:53
High-end jewelry retailer, Tiffany & Co. (
NYSE:TIF) reported weaker-than-expected fiscal second-quarter results on Monday, with both earnings and revenue falling short of Street’s expectations as cost conscious consumers in the wake economic uncertainty spent thriftily on luxury shopping.
25 Aug 2012 @ 10:06
Navistar (
NYSE:NAV), the truck and diesel engine manufacturing giant and holding company asked for the resignation of CEO Dan Ustian in an effort to regain a vestige of investor confidence in the company that has faltered so dramatically in the past two years. The share price closed today at $23.32, up a slight 0.34 cents […]
23 Aug 2012 @ 20:17
The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and […]
23 Aug 2012 @ 15:23
Food processing company, Hormel Foods Corp. (
NYSE:HRL) reported a 13% jump in fiscal third-quarter earnings as its sales continued to soar.
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