Mergers & Acquisitions

Valero Energy Partners LP Announces Acquisition of Certain Valero Terminaling Businesses for $671 Million

Valero Energy Partners LP Announces Acquisition of Certain Valero Terminaling Businesses for $671 Million PR Newswire SAN ANTONIO, Feb. 27, 2015 SAN ANTONIO , Feb. 27, 2015 /PRNewswire/ — Valero Energy Partners LP (NYSE: VLP, the Partnership) today announced that the board of directors of its general partner has approved the Partnership’s acquisition of certain businesses from subsidiaries of Valero Energy Corporation (NYSE: VLO, Valero). […]

Stock Analysts

Monster Beverage Beats on Q4 Earnings & Revenue Estimates

Monster Beverage Corporation’s ( MNST ) fourth-quarter 2014 adjusted earnings of 72 cents per share beat the Zacks Consensus Estimate of 59 cents by 22%. In addition, earnings increased 63.2% year over year on the back of solid revenue, strong margins, better cost leverage and a lower tax rate. Revenues Monster Beverage’s fourth-quarter 2014 net sales of $605.6 million surpassed the Zacks Consensus Estimate of $585 million by 3.5%. […]

Stock Analysts

Ingram Micro Q4 Earnings In Line; Shares Dip on Soft Outlook

Shares of Ingram Micro Inc. ( IM ) went down 5.8% in after-hours trading yesterday, after the company issued tepid first-quarter 2015 earnings guidance. The company reported fourth-quarter 2014 non-GAAP earnings (excluding amortization of intangible assets, reorganization charges and other one-time items) of 98 cents per share, in line with the Zacks Consensus Estimate. […]

Stock Analysts

JLL Raises Credit Facility to $2B, Extends Date Till 2020

In order to bolster its operating flexibility, Jones Lang LaSalle Incorporated ( JLL ), the Chicago, IL-based full-service real estate operations firm, has made amendments to its existing credit facility. In sync with its strategy 2020, JLL has raised the borrowing capacity around 66.7% to $2 billion and extended the maturity date to Feb 2020 from Oct 2018. […]

Kitco Video

Is McEwen Looking To Buy?

[youtube jFwETH6ybyQ] Kitco News talks with Rob McEwen to see what plans he has for the company this year. Attending the BMO Metals & Mining Conference, where deals are known to be made, Daniela Cambone asks McEwen if he is looking to acquire any companies. He says he likes the Americas and notes that some companies in West Africa are attractive […]