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Auto parts maker Lear Corp (LEA), Wednesday said it has agreed to buy automotive leather company Eagle Ottawa LLC for $850 million, as the auto parts maker aims to strengthen its core automotive seating business. Lear expects the acquisition to be about 5 percent accretive to annual earnings per share...

Gaming company Bally Technologies Inc. (BYI), Wednesday reported a plunge in profit even as revenues grew 29 percent, as the company was hurt by one-time charges related to acquisition. Earnings for the quarter fell short of analysts estimates, but revenues trumped expectations. Early this month,...

Chinese IT services provider 21Vianet Group Inc (VNET), Wednesday reported a wider loss for the second quarter despite a surge in revenues and stronger margins, as the bottom line was hurt by hefty debt extinguishment charge. Beijing, China-based 21Vianet's second-quarter loss widened to 62.2 million...

Tyson Foods, Inc. (TSN) and The Hillshire Brands Company (HSH) announced that both have entered into a Hold Separate Stipulation and Order with the Antitrust Division and agreed to comply with the terms of a proposed Final Judgment and to the entry thereof by the United States District Court for the...

Lear Corporation (LEA) announced that it has signed a definitive agreement to acquire Eagle Ottawa, a supplier of automotive leather with a rich 150-year history and stable private ownership for nearly 50 years. Commenting on Eagle Ottawa, Lear said it has an experienced management team, modern facilities,...

Industrial packaging products maker Greif Inc. (GEF), Wednesday reported third-quarter net income attributable to the company of $12.2 million or $0.21 per Class A share, compared to $46.7 million or $0.80 per Class A share in the comparable quarter last year. Analysts polled by Thomson Reuters expected...

VCA Inc (WOOF), an animal healthcare company, said Wednesday it entered into a new $1.4 billion revolving credit facility, and announced a new $400 million share buyback program. The new credit facility provides for $600 million of senior term notes, which will be used to retire about $534 million...

Bally Technologies, Inc. (BYI) Wednesday reported fourth-quarter net income attributable to the company of $12.2 million or $0.31 per share, down from $37.3 million or $0.95 per share in the prior year period. On average, 13 analysts polled by Thomson Reuters expected the company to earn $1.22 per...

Lannett Co. Inc. (LCI) Tuesday reported fourth-quarter net income attributable to the company of $23.5 million or $0.64 per share, compared to $3.6 million or $0.12 per share in the comparable quarter last year. On average, five analysts polled by Thomson Reuters expected the company to earn $0.58...

Williams-Sonoma Inc. (WSM) Wednesday reported second-quarter net income of $50.7 million or $0.53 per share, compared to $48.9 million or $0.49 per share in the year-ago period. On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.53 per share for the quarter. Analysts'...

Workday, Inc. (WDAY) Wednesday said second-quarter net loss widened to $69.2 million or $0.38 per share from $36.0 million or $0.21 per share in the same period last year. Adjusted loss for the latest second quarter was $20.6 million $0.11 per share, narrower than $22.6 million or $0.13 per share...

Guess? Inc (GES) Wednesday reported second-quarter net earnings of $22 million or $0.26 per share, compared with $39.9 million or $0.47 per share last year. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.29 per share for the quarter. Analysts' estimates typically exclude...

Correction: Corrects the last paragraph, rest all remain the same. Chinese IT services provider 21Vianet Group. Inc (VNET) posted second-quarter net loss to shareholders of RMB 62.2 million or $10.0 million, wider than RMB 42.6 million in the prior year. Loss per American Depositary Share, or ADS,...

China e-commerce company Alibaba Group, Wednesday reported a surge in first-quarter profit, aided by strong revenue growth. Results were driven by its strong mobile user base, partly offset by weak margins. Alibaba said its net earnings for the quarter surged about three-fold to $1.99 billion or...

Delaware court judge Wednesday approved a request from William Ackman's Pershing Square Capital LP and Canada-based Valeant Pharmaceuticals International Inc (VRX, VRX.TO) for a fast-tracked lawsuit against Allergan Inc. (AGN), to force the botox maker to call a special meeting related to the $54 billion...