The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
Hain Celestial has today (22 August) been announced as the buyer of Premier Foods plc's spreads assets, including brands such as Hartley's jam and Sun-Pat peanut butter. The US food group had been linked to Premier's spreads business, ...
Tags: Hain Celestial, Premier Foods plc, peanut butter, food industry
Whole Foods Market raised its full-year sales and profit forecast after booking a 32% increase in third-quarter earnings. The US natural and organic retailer said net income rose to US$116.85m from $88.47m last year in the 12 weeks to 1 ...
Tags: whole foods market, US food market, earnings, food industry
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains. In a regulatory filing yesterday (8 November) the company said net income rose to US$31.2m in the three months to 6 ...
Tags: baker Flowers, Flowers Foods, Flowers, Foods
North American corrugated and consumer packaging manufacturer RockTenn has declared the acceleration of the February 2013 dividend of $0.225 per share on its Class A Common Stock to shareholders of record at the close of business on 17 ...
THE WOODLANDS, Texas — Retailer Conn's Inc. said it has priced its secondary offering of common stock at $26.75 per share and boosted the size of the offering by 500,000 shares. The company said the offering now consists of 5.5 ...
Tags: common stock, appliances, consumer electronics, furniture and bedding
Chilean retailer Cencosud has set the price at which shares in the company will begin trading in New York. The company is offering a mix of shares and American Depository Shares as it looks to raise funds for expansion, to pay down debt ...
US egg firm Cal-Maine Foods has booked an increase in full-year profits as gains from a new venture in the speciality egg market more than offset higher costs from its fresh shell eggs. In the 12 months ended 2 June, net profit climbed ...
Tags: egg Foods, egg market, fresh shell eggs, eggs
Chinese food maker American Lorain has appointed a financial advisor to assess a "going private" proposal from its chairman and CEO for the takeover of the firm. A special committee of the company's board of directors, formed to evaluate ...
Tags: food maker, takeover, financial advisor
Allstate has reported that its net income rose by 46.2% to $766m for the first quarter of 2012, or $1.53 per diluted share compared to a net income of $524m, or $0.98 per diluted share in the same period in 2011. Allstate chairman, ...
Tags: Allstate, net income, auto insurance, partnership income, operating income
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
Kemper Corporation has reported that its net income for the first quarter of current fiscal declined by 17.6% to $43.6m, or $0.73 per share, compared to a net income of $51.5m, or $0.85 per share during the same quarter a year ago. ...
Skyworks Solutions Inc of Woburn, MA, USA, which manufactures high-reliability analog and mixed-signal semiconductors, says that its board of directors has authorized the repurchase of up to $200m of the firm’s common stock from time ...
Tags: Skyworks, stock repurchase program, mixed-signal semiconductors
Tower Group has completed its previous integration with Canopius Holdings Bermuda Limited and Canopius Bermuda, being managed by Canopius Group. The consolidation of both firms will create a global specialty insurance firm with greater ...
Tags: Tower Group, Canopius Holdings Bermuda Limited, Canopius Bermuda