Business News

TIF-082516-lg.jpgTiffany & Co. reported slight increase in second-quarter net profit on the absence of prior year's charge, while net sales and comparable sales were weak. Earnings per share topped analysts' estimates, while sales missed their view. Further, the company maintained its fiscal 2016 forecast, expecting lower results. In pre-market activity, shares were gaining 4.54 percent.

Novartis Announces Positive Phase III Results Showing Efficacy Of BAF312 In SPMS

Novartis (NVS) announced the Phase III EXPAND study, evaluating the efficacy and safety of oral, once-daily, BAF312 or siponimod in secondary progressive multiple sclerosis or SPMS, met its primary endpoint of a reduction in the risk of disability progression, compared with placebo. The EXPAND study...

Dollar Tree, Dollar General Q2 Results Miss View; Shares Tumble

Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.

U.S. Durable Goods Orders Rebound More Than Expected In July

After reporting a steep drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday showing that durable goods orders rebounded by more than expected in the month of July.

Berry Plastics To Acquire AEP Industries In $765 Mln Deal

Berry Plastics Group, Inc. (BERY) and AEP Industries Inc. (AEPI) Thursday announced a definitive merger agreement under which Berry will acquire AEP in a cash and stock transaction worth $765 million, including AEP's net debt. The deal is expected to be accretive to Berry's adjusted net income and...

Intuit Inc. (INTU) Fell To A 3-Week Low On Weak Q1 Outlook

Intuit Inc. (INTU) reported fourth quarter adjusted EPS of $0.08 after the bell Tuesday, compared to the loss of $0.05 a year ago. Analysts expected a loss of $0.02. The company expects to report first quarter adjusted EPS of $0.01 to $0.03 and full year adjusted EPS of $4.30 to $4.40. The consensus...

IPO Watch: LoopUp Shows Post-Brexit Confidence

LoopUp Group, a UK-based startup that provides software technology for conference calls and remote meetings, on Wednesday became the first technology company to float shares on the London Stock Exchange since Britain's decision to leave the European Union. LoopUP raised £8.5 million by selling shares...

Standex International Q4 16 Earnings Conference Call At 10:00 AM ET

Standex International Corp. (SXI) will host a conference call at 10:00 AM ET on August 25, 2016, to discuss Q4 16 earnings results. To access the live webcast, log on to http://ir.standex.com/webcasts-and-presentations
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Economic Calendar
08/25/16 8:30Durable Goods Orders (M-o-M)JUL United States
08/25/16 8:30Durable Goods Orders Ex. Defense (M-o-M)JUL United States
08/25/16 8:30Durable Goods Orders Ex. Transportation (M-o-M)JUL United States
08/25/16 8:30Avg Weekly EarningsJUN Canada
08/25/16 8:30Non-Farm Payroll (M-o-M)JUN Canada
08/25/16 8:30Initial Jobless ClaimsAUG 20 United States
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