Business News

Enters-020316.jpgJeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything."

Margaritaville Banana Cream Pie Filling Recalled Over Salmonella Risk

The Jel Sert Co. of West Chicago, Illinois, is recalling 52 cases of Margaritaville Banana Cream Pie Filling due to potential contamination with the harmful Salmonella bacteria.

ON Semiconductor Q4 Adj. Profit Meets View; Sees Q1 Revenues In Line

ON Semiconductor Corp (ON) reported a turnaround to profit in the fourth quarter despite lower revenues. Adjusted earnings per share matched analysts' expectations, while revenues missed their estimates. Looking ahead, the company forecast first-quarter revenues in line with the Street expectations. The...

China's Forex Reserves Lowest Since 2012

China's foreign exchange reserves declined to the lowest since 2012, data published by the People's Bank of China showed Sunday. Foreign exchange reserves fell $99.5 billion to $3.23 trillion in January. The decline was followed by a $107.9 billion decrease in December. In 2015 as a whole, reserves...

ArcelorMittal Loss Widens, Warns On EBITDA, Sells Gestamp JV Stake; Stock Down

Shares of ArcelorMittal were losing around 7 percent in the morning trading in Amsterdam after the steel and mining company reported Friday a hefty loss of $6.7 billion in its fourth quarter, wider than the prior year, reflecting impairment charges and weak sales due to lower prices. Looking ahead, the company projects lower EBITDA, a key earnings metric, for fiscal 2016.

Tableau Software Inc. (DATA) Has Dropped To A New Low After Q4 Report

Tableau Software Inc. (DATA) reported fourth quarter non-GAAP EPS of $0.33 after the bell Thursday, compared to $0.42 in the prior year. Analysts expected EPS of $0.16. Tableau Software gapped open sharply lower Friday morning and is now down 39.01 at $42.74 on the highest volume in 6 months. The...

Editas Medicine Price IPO Of 5.9 Mln Shares At $16, Low End Of Expected Range

Editas Medicine, Inc., a genome editing company, today announced the pricing of its initial public offering of 5.9 million shares of common stock $16.00 per share, before underwriting discounts and commissions. In January, the company anticipated that the initial public offering price will be between...

Essex Property Trust Q4 15 Earnings Conference Call At 2:00 PM ET

Essex Property Trust Inc.(ESS) will host a conference call at 2:00 PM ET on February 5, 2016, to discuss its Q4 15 earnings results. To access the live webcast, log on at http://investors.essexapartmenthomes.com/ To hear the live call, dial (877) 407-0784 (U.S) or (201) 689-8560 (international)....
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