logo

Breaking News

Share

Tribune Publishing Co. (TPCO) said that it appointed Timothy Knight as Chief Executive Officer and David Dreier as Chairman of the Board. Knight will also join the Board of Directors and succeeds Justin Dearborn who has stepped down as Chairman and Chief Executive Officer. Timothy Knight joined Tribune...

Australian mining giant Rio Tinto Plc (RTNTF, RIO, RIO.L, RTPPF) reported Pilbara iron ore shipments of 87.4 million tonnes (100 per cent basis) in the fourth-quarter were three per cent lower than the fourth-quarter quarter of 2017. The fourth-quarter Pilbara iron ore production of 86.6 million tonnes...

News Corp (NWSA, NWS) Thursday said it has appointed Sean Giancola as Publisher and CEO of the New York Post. Giancola would be replacing Jesse Angelo, who is departing the company. Michelle Gotthelf has also been appointed as Digital Editor-in-Chief of the Post. "Sean's decades of experience...

Watchmaker Fossil Thursday announced plans to sell its smartwatch technology to Google for $40 million. Shares of Fossil is currently up 5% on the Nasdaq. As part of the deal, a portion of Fossil Group's research and development team currently supporting the transferring IP will join Google. Fossil...

The U.S. Food and Drug Administration has approved the first generic version of Sabril (vigabatrin) for treatment of complex partial seizures. The generic version of Sabril is manufactured by Teva Pharmaceutical Industries (TEVA). "Prioritizing the approval of generic drugs to compete with medicines...

Mortgage rates or interest rates on home loans remained steady, according to mortgage provider Freddie Mac. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 4.45 percent for the week ending January 17, 2018, unchanged...

Ferro Corp. (FOE) said that it cut its adjusted earnings per share outlook for fiscal year 2018. It also expect slower economic growth in 2019 than in 2018, which it already is seeing in certain European markets. FOE is currently trading at $15.41, down $1.15 or 6.94%. The company lowered its fiscal...

gymboree-bankruptcy-011719.jpg Children's clothing retailer Gymboree Group, Inc. has again filed for Chapter 11 bankruptcy protection, the second time in nearly two years. The company will close more than 800 Gymboree and Crazy 8 stores in the U.S. and Canada. The San Francisco-based retailer said that along with its U.S. subsidiaries, it has filed a petition in the U.S. Bankruptcy Court for the Eastern District of Virginia.

Morgan Stanley (MS) on Thursday reported fourth-quarter net income applicable to the company's shareholders of $1.36 billion or $0.80 per share, up sharply from $473 million or $0.26 per share in the year-ago period. The latest quarter's results include an intermittent net discrete tax benefit of...

BlueMountain Capital Management, LLC, a private diversified alternative asset management firm, sent an open letter to the Board of Directors of PG&E Corporation (PCG) and the Board of Directors of Pacific Gas and Electric Company challenging their plans announced January 14 to file for Chapter 11. "There...

PPG Industries Inc. (PPG) on Thursday announced its financial outlook for fiscal 2019. For fiscal 2019, PPG forecast sales growth of 3 to 5 percent in constant currencies, including recently announced acquisitions, and adjusted earnings per share growth, excluding currency translation impacts, of...

Becton, Dickinson and Co. or BD (BDX), a medical technology company, on Thursday said while reporting preliminary financial results for the first quarter of fiscal 2019 that it expects adjusted earnings per share for the quarter to be greater than its prior expectations primarily due to the timing of...

Husky Energy Inc. (HSE.TO) said Thursday that its offer for MEG Energy Corp. (MEG.TO) expired on January 16 and that the minimum tender condition was not met. Due to insufficient MEG Board and shareholder support, Husky has decided not to extend its offer. Accordingly, the company said that all MEG...

French lender Societe Generale SA (SCGLF.PK, SCGLY.PK) said Thursday that its Group performance in the fourth quarter of 2018 was affected by IFRS 5 accounting of disposals and a challenging environment in global capital markets. The company noted that as a result of the IFRS 5 accounting of disposals...

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) on Thursday reported that its fourth-quarter net income was NT$99.98 billion or NT$3.86 per share, 0.7 percent higher than last year's NT$99.29 billion or NT$3.83 per share. Earnings per ADR unit was $0.63 for the fourth quarter. Consolidated net...

Follow RTT