Automotive and energy storage firm Tesla Motors has offered to acquire SolarCity for about $2.86bn. Tesla Motors CEO Elon Musk is the major shareholder in both the companies with 19% in Tesla and 22% in SolarCity. The company is ...
Tags: Tesla Motors, electric vehicles
Smith & Wesson Holding Corp. reported revenues rose 22 percent in its fourth quarter ended April 30 and earnings that easily topped Wall Street expectations. ADVERTISEMENT >Fourth Quarter Fiscal 2016 Financial Highlights Quarterly net ...
Turkish food group Yildiz Holding has formed a new London-based company by combining its biscuit, chocolate, and confectionery businesses. The move is aimed at expanding its global presence and improving its competitiveness in the global ...
US-based diversified holding company HC2 Holdings has made an offer to buy agricultural company Andersons for $1bn in cash. The offer, which was made through a letter, valued Andersons' shares at $37 per share, a 43% premium on closing ...
Tags: HC2 Holdings, ethanol, rail sectors
Agricultural and seed company Monsanto is looking to exit its biotech soybean seeds business in Argentina, as it faces problems in collecting seed royalties and with a depreciation in the country’s currency. The seed company is in ...
Tags: Soybean Seeds, soybean
Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
Under Armour Inc. reported revenues in the first quarter increased 30 percent in the first quarter of 2016 to $1.05 billion compared with net revenues of $805 million in the prior year's period. Wall Street's average expectation was $1.04 ...
Tags: Under Armour, Revenues
Sports Authority Inc. pushed back the planned bankruptcy auction from April 25 to May 16 amid “substantial” interest from several potential bidders. A report from Reuters also indicated that both Dick's Sporting Goods and ...
G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well short of Wall Street targets. For the fourth quarter ended Jan. 31, 2016, G-III reported that net sales increased by 3 percent to $527.4 million from $514.3 ...
Tags: G-III, Earnings, Wall Street targets
Nintendo has finally launched its first smartphone app, Miitomo, in its native Japan. We've been waiting for Nintendo's first mobile game ever since it announced its partnership with the Japanese mobile games developer DeNA. That was a ...
DSW Inc., as expected, reported earnings in the fourth quarter plunged 61.8 percent to $11.8 million, or 14 cents a share. Results came in ahead of Wall Street's average estimate of 8 cents a share. Comps inched up 0.8 percent in the ...
Tags: DSW, Roger Rawlins, Milestones, Achievements, Q4 earnings
International Paper, a US based pulp and paper company, has signed an agreement to divest its corrugated packaging business to Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for approximately $150m. Under the terms of the ...
Anheuser-Busch InBev (AB InBev) has agreed to sell SABMiller’s Chinese beer business to China Resources Beer Holdings for $1.6bn, in an effort to gain regulatory approval for its pending acquisition of SABMiller. The Chinese ...
Tags: AB In Bev, SABMiller, China Resources, Chinese Beer
Cabela's Inc. reported that adjusted for certain items, net income in the fourth quarter increased 9.5 percent to $86.8 million, or $1.26 a share, exceeding Wall Street's consensus estimate of $1.21 with the help of cost control ...
Tags: Cabela, Sporting Goods
US Foods Holding Corp plans to go for initial public offering of its shares to raise $100m, a move that comes after Sysco Corp failed to acquire it. In its filing with the US Securities and Exchange Commission, US Foods did not state the ...
Tags: US Foods, food service