Month: August 2011

PepsiCo Inc. ( PEP ) plans to sell a $1.25 billion offering of senior unsecured notes in two parts, owing to falling yields on debt. The first offering will include a three-year note of $500 million, 0.8% notes with a risk premium of 57 basis points over Treasuries […]

Lowe’s Companies Inc . ( LOW ), the world's second largest home improvement retailer, in its attempt to optimize its shareholders’ return, recently announced a new share repurchase program. The newly announced program, which has no set time limit, authorizes the company to buy back up to $5 billion shares of its common stock. […]

New Home Sales in July fell 0.7% from June, to a rate of 298,000. Relative to a year ago, sales are up 6.8%. […]

International Paper ( IP ) and Atlas Holding s have entered an agreement to consolidate their consumer packaging solutions businesses. As such, Shorewood Packaging of International Paper and AGI World of Atlas Holdings will combine to form AGI-Shorewood. The consolidation is subject to regulatory approval and other customary closing conditions. […]

H.J. Heinz Co. ( HNZ ) posted robust adjusted earnings of 78 cents per share in the first quarter of fiscal 2012 […]

General Motors Company ( GM ) plans to manufacture a luxury electric car dubbed ELR based on the technology used in its Volt plug-in hybrid for its Cadilla c brand as part of its long-term goal to become a leader in the fuel-efficient vehicles market. The Volt, which went on sale in mid-December last year, is the most fuel-efficient compact car sold in the U.S. as rated by the U.S […]

Advertising titan, WPP plc’s ( WPPGY ) wholly-owned subsidiary, WPP Digital has recently agreed to acquire United States based digital marketing agency, Rockfish Interactive Corp. The completion of the transaction is subject to both regulatory and Rockfish shareholders’ approval. […]

Suntech Power Holdings Company Ltd. ( STP ) posted second quarter adjusted loss of 19 cents per American Depositary Share (ADS), falling behind the Zacks Consensus Estimate of 16 cents earnings per ADS. Results also came in below the year-ago adjusted earnings of 3 cents per ADS […]

Defense contractor Lockheed Martin Corporation ( LMT ) has entered into a definitive agreement to acquire QTC Holdings Inc. The transaction is expected to close before the end of fiscal 2011 and is subject to government approvals, including a review under the Hart-Scott-Rodino Antitrust Improvements Act. QTC Holdings headquartered in Diamond Bar, California, is the largest provider of outsourced medical evaluation services to the U.S […]

CVS Caremark Corporation ( CVS ) is all set to tackle this year’s flu season with its recently launched You vs. Flu campaign, under which seasonal flu vaccinations will be sold through all CVS/pharmacy and MinuteClinic to help consumers fight against the flu. Presently, CVS/pharmacy covers over 7,200 locations and MinuteClinic has nearly 600 locations […]