Mergers & Acquisitions

American Securities Completes Acquisition of Learning Care Group

American Securities Completes Acquisition of Learning Care Group PR Newswire NEW YORK, May 5, 2014 NEW YORK , May 5, 2014 /PRNewswire/ — American Securities LLC, a leading U.S. private equity firm, today announced its acquisition of Learning Care Group (US) Inc. in partnership with the Company’s management team […]

Stock Analysts

Macau Drives Casino Shares Yet Again

After strong March data, casino stocks rose once again on solid Macau gambling revenues announced for the month of April. Macau gambling revenues stood at $3.92 billion for the month of April, up 10.6% year over year, according to Macau's Gaming Inspection and Coordination Bureau. […]

Stock Analysts

Sysco Misses on Q3 Earnings & Rev

Global food products maker and distributor Sysco Corporation ( SYY ) reported third-quarter fiscal 2014 adjusted earnings of 38 cents. Earnings lagged the Zacks Consensus Estimate of 39 cents by 2.6% and declined from the prior-year quarter earnings of 40 cents by 5.0% due to modest sales growth and cost pressure. […]

Stock Analysts

Interactive Brokers Gains as April Metrics Rise

On Friday share price of Interactive Brokers Group, Inc. ( IBKR ) rose nearly 1% as the company’s Electronic Brokerage segment recorded a year-over-year rise in brokerage metrics for Apr 2014. The segment clears and settles trade globally for both individual and institutional clients. […]

Stock Analysts

Celanese Reaches 52-Week High

Shares of Celanese Corporation ( CE ) hit a new 52-week high of $61.98 on May 2 and eventually closed at $61.18. The company's long-term estimated earnings per share (EPS) growth rate is 8.7%. […]

Stock Analysts

3M Scales a New 52-Week High

Shares of diversified conglomerate 3M Company ( MMM ) hit a 52-week high of $141.83 during the trading session on May 2, 2014, before closing the trading session a notch lower at $140.12. This translates to a healthy year-over-year return of 29.9%. 3M’s share price has been on a steady uptrend since Feb 2014 […]

Stock Analysts

Will Russian Exposure Cut Add to Banking Woes?

Operations on global platforms strengthen a company’s revenue stream, facilitating it to capitalize on locational advantages and resources and finally broaden its customer base. However, at the same time, it is a known fact that an unfavorable situation in any of the foreign platforms may hurt profitability of the firm. The overall U.S […]

Stock Analysts

Will Mosaic (MOS) Beat Earnings Estimates?

We expect fertilizer maker Mosaic ( MOS ) to beat earnings expectations when it reports first-quarter 2014 results before the opening gong on May 6. Last quarter, it racked up a roughly 18% negative surprise. Why a Likely Positive Surprise? […]

Mergers & Acquisitions

Weston Foods announces the purchase of Rubschlager Baking

Weston Foods announces the purchase of Rubschlager Baking Canada NewsWire TORONTO, May 5, 2014 TORONTO , May 5, 2014 /CNW/ – Weston Foods, a subsidiary of George Weston Limited (“Weston”) (TSX: WN), announced today that it has completed the purchase of Rubschlager Baking Corporation (“Rubschlager”) of Chicago, Illinois . Rubschlager has a 100 year history of baking a full range of authentic, high-quality rye breads and products for the North American market. Rubschlager’s products are sold across the United States and Canada and include a wide range of deli-style cocktail breads (its signature product), traditional square breads, 100% whole rye Rye-Ola bread, sandwich bread and mini-bread chips. […]

Max Keiser

Give Max back his castle & he’ll shut up!

[youtube 7qAVaRbUodQ] Watch the full Keiser Report Episode 597 on Tuesday! In this episode of the Keiser Report, Max Keiser and Stacy Herbert in a double-header discussing the Scottish Independence movement by looking at some of the facts of English politics and economics some in Scotland are against. They start with the ‘botched’ Royal Mail privatisation and how the Business Secretary had his strings pulled by Lazard bank. And then look at the proliferation of precarious ‘zero hour’ contracts in which there is no obligation on the employer to provide regular shifts – or for the employee to work a certain number of hours […]

Mergers & Acquisitions

EMC To Acquire DSSD, Inc., Extends Flash Storage Leadership

EMC To Acquire DSSD, Inc., Extends Flash Storage Leadership DSSD To Deliver Game-Changing Performance For I/O-Intensive Next-Generation Workloads PR Newswire LAS VEGAS, May 5, 2014 LAS VEGAS , May 5, 2014 /PRNewswire/ — EMC World 2014 — NEWS SUMMARY: The mega trends of social, mobile, cloud and Big Data intensify the pressure on customers to store unprecedented amounts of data, analyze it faster and keep costs in check To help address this need, EMC has entered into a definitive agreement to acquire DSSD, developer of an innovative new rack-scale flash storage tier The DSSD architecture complements EMC’s industry-leading flash storage portfolio and is designed to deliver game-changing performance for next-generation applications such as SAP HANA and Hadoop EMC was an early DSSD investor and development partner The transaction is expected to close in the second quarter of 2014 DSSD president and CEO Bill Moore to lead the DSSD business within EMC; DSSD Chairman Andy Bechtolsheim to remain a strategic advisor CONNECT WITH US AT EMC WORLD: Online: To track the latest EMC World 2014 happenings visit www.emcworld.com Live streaming: To view video of EMC World keynotes, general sessions, backstage sessions, and EMC TV coverage, visit http://www.emcworld.com/virtual Social: For continuous EMC World news and event updates, follow EMC on Twitter at @EMCWorld , @EMCCorp , and @EMCCloud , joining conversations with #EMCWORLD , and like EMC on Facebook Photos: View photos of EMC World on Flickr and tag your pictures with ‘EMC World’ View additional related news from EMC via EMC Pulse Blog Connect with EMC via Twitter , Facebook , YouTube , and LinkedIn FULL STORY: EMC Corporation (NYSE: EMC) today announced it has entered into a definitive agreement to acquire privately-held DSSD, Inc. Menlo Park -based DSSD is the developer of an innovative new rack-scale flash storage architecture for I/O-intensive in-memory databases and Big Data workloads like SAP HANA and Hadoop. The transaction is expected to close in the second quarter of 2014, subject to customary closing conditions […]

Stock Analysts

Hologic Up on Q2 Earnings Beat & Raised Guidance

Shares of Hologic Inc. ( HOLX ) surged more than 8% to $22.74 after market-close on May 2 since the release of its second-quarter fiscal 2014 results. Adjusted earnings of 37 cents per share increased 7.9% from the year-ago level and beat the Zacks Consensus Estimate by 4 cents. […]

Stock Analysts

Upbeat Q1 Earnings Drive Columbia Sportswear Shares

Shares of Columbia Sportswear Company ( COLM ) rose more than 5% since it reported its first quarter 2014 results on Apr 29. This leading apparel and footwear designer reported strong first quarter 2014 results wherein both earnings and sales beat expectations and raised the outlook for fiscal 2014. First quarter earnings of 63 cents increased a significant 80% from the year-ago adjusted earnings of 35 cents backed by strong sales […]