FEMSA Comercio To Buy Majority Stake In Chile's Grupo Socofar For $998 Mln

Fri, 14 Aug 2015 14:54:47 GMT : Mexico-based convenience store chain operator FEMSA Comercio, S.A. de C.V. (FMX) said Friday that it has agreed to acquire a 60 percent stake in Chile-based drugstore operator Grupo Socofar for an enterprise value of $998 million. The acquisition enables FEMSA to expand its drugstore business into South America.

Bloomberg: Apple To Delay Live TV Service To 2016

Fri, 14 Aug 2015 04:25:05 GMT : Apple Inc. (AAPL) will delay its live television service which is delivered over the Internet to at least 2016, as talks to license programming from television networks owned by broadcasters such as CBS Corp. (CBS-A, CBS) and Twenty-First Century Fox Inc. (FOX, FOXA) are progressing slowly, Bloomberg reported Thursday, citing people familiar with Apple's plans.

Hercules Offshore Files For Chapter 11 Bankruptcy

Thu, 13 Aug 2015 14:11:56 GMT : Hercules Offshore, Inc. (HERO) said Thursday that has filed for Chapter 11 bankruptcy protection to continue financial restructuring of the company. The oil and gas drilling contractor expects the Chapter 11 reorganization to be completed in about 45 to 60 days.

Advance Auto Parts Q2 Profit Beats View; Affirms 2015 Earnings Outlook

Thu, 13 Aug 2015 13:24:41 GMT : Auto parts retailer Advance Auto Parts, Inc. (AAP) on Thursday reported an 8 percent increase in profit for the second quarter from last year on higher revenues that were driven by the addition of new stores and increase in comparable store sales.

Fidelity National To Buy SunGard For $9.1 Bln, Including Debt

Wed, 12 Aug 2015 15:15:22 GMT : IT services provider Fidelity National Information Services, Inc. (FIS) said Wednesday that it has agreed to acquire financial software company SunGard for an enterprise value of $9.1 billion. This includes the assumption of SunGard debt, which FIS expects to refinance.

CHS To Invest $2.8 Bln In CF Industries Unit

Wed, 12 Aug 2015 14:33:27 GMT : Fertilizer maker CF Industries Holdings, Inc. (CF) and farmer-owned cooperative CHS Inc. (CHSCP) have agreed to form a strategic venture, under which CHS will invest $2.8 billion in a subsidiary of CF Industries and also enter into a supply agreement, the two companies said Wednesday.

American Apparel Warns About Insufficient Funds, Sees Wider Q2 Loss

Wed, 12 Aug 2015 04:28:33 GMT : Beleaguered branded apparel maker American Apparel Inc. (APP) said Tuesday that it does not expect to have sufficient financing commitments to meet funding requirements for the next twelve months, without raising additional capital or entering into some other financing.

Lufthansa Group July Traffic, Capacity, Load Factor Rise

Tue, 11 Aug 2015 13:25:19 GMT : German aviation group Deutsche Lufthansa AG (DLAKY, DLAKF) announced Tuesday that the group flew 4.6 percent more passengers in the month of July compared to last year. Traffic or sales, for the group grew 6.4 percent, capacity increased 3.6 percent, and passenger load factor rose 2.3 percentage points.

Southwest Airlines July Traffic, Capacity, Load Factor Rise

Tue, 11 Aug 2015 13:10:16 GMT : Southwest Airlines Co. (LUV) reported Tuesday operational results for the month of July, reporting year-over-year increases in traffic, capacity and load factor from last year.

Johnson Electric To Buy Stackpole International For C$867 Mln

Tue, 11 Aug 2015 04:26:44 GMT : Johnson Electric Holdings Ltd. (JELCF.PK, JELCY.PK), a Hong Kong-based maker of electric motors and motion subsystems, said late Monday that it has agreed to acquire Canada-based auto parts maker Stackpole International for a total consideration of up to C$867 million, or $659 million. The transaction is expected to close in the fourth quarter of 2015.

Google To Form New Holding Company "Alphabet"

Tue, 11 Aug 2015 00:18:56 GMT : Google said it plans to morph into a conglomerate that will subsume each of its businesses and separate heads manning its diverse interests. The restructuring follows pressure from investors over investments Google has made in non-core areas, including driverless car technology. Google shares jumped 6% in after-hours trade, upon the announcement.

Facebook: Haha Not Lol

Mon, 10 Aug 2015 14:21:48 GMT : A new Facebook survey showed that 'Haha' is currently the most-common way of indicating laughter in a text message or online post. It replaces the long-accepted LOL, which is rarely used in texts in recent times.

CenterPoint Energy Q2 Profit Meets View; Reiterates 2015 Outlook

Mon, 10 Aug 2015 13:58:15 GMT : Ultilty holding company CenterPoint Energy, Inc. (CNP) on Monday reported a 28 percent decline in profit for the second quarter from last year on lower revenues.

WSJ: Berkshire Hathaway Nears Deal To Acquire Precision Castparts

Mon, 10 Aug 2015 03:55:16 GMT : Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK-A, BRK-B) is nearing a deal to acquire Precision Castparts Corp. (PCP), the Wall Street Journal reported Saturday, citing people familiar with the matter.

35 People, Including U.S. Soldier Of NATO Mission, Killed In Kabul

Sat, 08 Aug 2015 07:45:56 GMT : A U.S. soldier of NATO mission and 34 others were killed in two different bomb attacks in Kabul, Afghanistan. Twenty recruits were killed at the suicide bomb attack at the police academy on Friday evening. There was another explosion near the airport, a short while after.

Prudential Financial To Buy Deutsche Bank's India Asset Management Unit

Fri, 07 Aug 2015 15:21:43 GMT : Prudential Financial, Inc. (PRU), the second-largest U.S. life insurer, said Friday that its global investment management business has agreed to acquire German lender Deutsche Bank AG's (DB) India asset management business through its Mumbai-based affiliate. Financial terms of the deal were not disclosed.

WhiteWave Foods Q2 Profit Beats View, Lifts 2015 Outlook

Fri, 07 Aug 2015 14:52:10 GMT : WhiteWave Foods Co. (WWAV) on Friday reported a 9 percent increase in profit for the second quarter from last year, reflecting double-digit revenue growth and higher margins.

Energizer Holdings Slips To Loss In Q3

Thu, 06 Aug 2015 15:11:08 GMT : Energizer Holdings, Inc. (ENR), a maker of batteries and portable lighting products, on Thursday reported a loss for the third quarter, hurt by restructuring charges and lower battery sales.

Costco Wholesale July Comps Flat, But Sales Up 1%

Thu, 06 Aug 2015 04:04:25 GMT : Membership warehouses operator Costco Wholesale Corp. (COST) on Wednesday reported that net sales for the month of July increased 1 percent from last year.

Chesapeake Energy Posts Loss In Q2 On Lower Revenues, Impairment Charge

Wed, 05 Aug 2015 15:13:09 GMT : Oil and gas producer Chesapeake Energy Corp. (CHK) on Wednesday reported a loss for the second quarter, reflecting a 41 percent decline in revenues and a hefty impairment charge on its oil and gas assets due to the fall in energy prices.

Motorola Solutions Q2 Results Top View, Silver Lake To Invest $1 Bln

Wed, 05 Aug 2015 14:37:53 GMT : Communications equipment maker Motorola Solutions, Inc. (MSI) reported Tuesday a profit for the second quarter that plunged from last year, which was boosted by hefty gains from discontinued operations. The results from continuing operations reflect improved operating margins amid lower overall operating expenses.

Intercontinental Exchange Q2 Profit Up 25%

Wed, 05 Aug 2015 14:33:58 GMT : Exchange operator Intercontinental Exchange Inc. (ICE) on Wednesday reported a 25 percent increase in profit for the second quarter from last year on higher revenues and lower expenses.

Perrigo Q2 Results Beat Estimates; Affirms 2015 Earnings Outlook

Wed, 05 Aug 2015 13:58:11 GMT : Ireland-based drugmaker Perrigo Company plc (PRGO) on Wednesday reported a 57 percent decline in profit for the second quarter from last year as strong revenue growth was more than offset by higher expenses.

Ralph Lauren Q1 Results Top Estimates, Backs 2016 Outlook

Wed, 05 Aug 2015 13:46:57 GMT : Apparel maker Ralph Lauren Corp. (RL) reported Wednesday a profit for the first quarter of fiscal 2016 that plunged from last year, reflecting a revenue drop and lower operating margins amid charges.

HCA Holdings Q2 Results Beat View; Sees 2015 Earnings Near High End Of Range

Wed, 05 Aug 2015 13:30:37 GMT : Hospital operator HCA Holdings, Inc. (HCA) on Wednesday reported a 5 percent increase in profit for the second quarter from last year on higher revenues that were helped by increased admissions.

Baxalta Rejects Shire's Unsolicited $30 Bln Takover Bid

Wed, 05 Aug 2015 04:19:32 GMT : Baxalta Inc. (BXLT) on Tuesday rejected an unsolicited $30 billion takeover bid from Ireland-based pharmaceutical company Shire plc (SHPG, SHP.L), saying that its board of directors determined the offer is not in the best interests of Baxalta or its shareholders.

Twitter Shares Hit Record Low Amid Growth Concerns

Tue, 04 Aug 2015 04:30:45 GMT : Shares of Twitter Inc. (TWTR) touched a record low on Monday, weighed down by negative comments from the micro-blogging site's executives on its user growth.

Toyota July U.S. Sales Inch Up 0.6%

Mon, 03 Aug 2015 15:58:04 GMT : Toyota Motor Corp. (TM) Monday said its U.S. sales for July increased 0.6 percent, as strong sales of trucks and crossover SUVs helped the Japanese automaker offset continued weak car demand.

NextEra Energy Q2 Profit Up 46%, Results Beat View

Mon, 03 Aug 2015 15:20:30 GMT : Electric utility NextEra Energy, Inc. (NEE) on Monday reported a 46 percent surge in profit for the second quarter from last year on higher earnings at both its segments. Both revenue and adjusted earnings for the quarter beat analysts' estimates.

Ford Motor July U.S. Sales Rise 4.9%

Mon, 03 Aug 2015 14:52:20 GMT : Automaker Ford Motor Co. (F) reported Monday that U.S. vehicle sales for the month of July increased 4.9 percent from last year, reflecting strong demand for Its newest vehicles. Sales for utilities and trucks improved year-over-year, while passenger car sales declined.