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Fitch Ratings said Monday that it has affirmed the ratings of Mohawk Industries, Inc. (MHK), including the company's Issuer Default Rating, at 'BBB-'. The Rating Outlook remains Positive. Fitch said the ratings for Mohawk reflect the company's leading market position in most of its major business...

Coal company Peabody Energy (BTU) Monday announced an agreement to establish a joint venture between Peabody's Wambo Open-Cut Mine and Glencore Plc's (GLCNF, GLNCY, GLEN.L) United Mine in New South Wales, Australia. The joint venture is expected to deliver significant synergies by improving productivity,...

Seagate Technology plc (STX) said Monday that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 to $500 million. The Notes were priced at 99.706% of the aggregate principal amount and will bear interest at a rate of...

Junk car auctioneer Copart, Inc. (CPRT) reported net income for the first quarter of $52.6 million or $0.40 per share, compared to $41.4 million or $0.32 per share for the year-ago quarter. Total service revenues and vehicle sales for the first quarter rose 3.8% to $290.39 million from $279.88 million...

Wet Seal, Inc. (WTSL) said Monday that it has assembled a team to identify and analyze potential strategic and financial alternatives. The company said it has hired Houlihan Lokey as an investment banker and has also retained William Langsdorf as a senior advisor to the finance team. Houlihan...

Two Canadian pension funds - Ontario Teachers Pension plan and Canada's Public Sector Pension Investment Board - are nearing a $7 billion deal to buy Canadian satellite company Telesat Holdings Inc, Bloomberg reported Monday, quoting people familiar with the matter. As per the terms being discussed,...

Aegean Marine Petroleum Network Inc (ANW) Monday reported third-quarter net loss of $4.3 million or $0.09 per share compared with a profit of $7.3 million or $0.16 per share last year. Adjusted for the sale of non-core assets, earnings for the quarter were $0.20 per share. Revenues for the quarter...

News Corp (NWS, NWSA), Monday announced it has acquired a 25% stake in the parent company of PropTiger.com, a digital real estate marketing platform in India, for $30 million. News Corp said its investment continues the acceleration of its global digital footprint with an emphasis on India, where...

Qihoo 360 Technology Co. Ltd. (QIHU) reported net income for the third quarter of $57.7 million or $0.44 per ADS, compared to $44.5 million or $0.35 per ADS for the year-ago quarter. Excluding items, adjusted net income for the third quarter was $89.5 million or $0.63 per ADS, compared to $61.5 million...

iKang Healthcare Group Inc (KANG) Monday reported second-quarter net earnings to common stockholders of $15.5 million or $0.23 per American depositary share, or ADS. This compares with a loss of $2.7 million or $0.21 per ADS last year, when results included deemed dividend to preferred shareholders of...

Post Holdings Inc (POST), a consumer packaged goods holding company, Monday reported fourth-quarter net loss of $291.7 million or $5.86 per share compared with a loss of $3.2 million or $0.10 per share last year. Results for the 2014 quarter included impairment charges of $295.6 million. Excluding...

Dycom Industries Inc (DY), a provider of specialty contracting services, Monday reported first-quarter net earnings of $20.8 million or $0.59 per share compared with $18.7 million or $0.54 per share last year. Revenues for the quarter were $510.4 million compared with $512.7 million in the prior year. Analysts...

Workday, Inc. (WDAY) reported a net loss for the third quarter of $59.9 million or $0.33 per share, compared to a net loss of $47.5 million or $0.27 per share for the year-ago quarter. Excluding items, adjusted net loss for the third quarter was $5.3 million or $0.03 per share, compared to an adjusted...

Information Technology company Unisys Corp (UIS) on Monday announced that its Board has made significant progress in its previously announced search for a successor to Chairman and CEO Ed Coleman, whose departure was recently disclosed. In the interim, effective December 2, 2014, the Board has appointed...

Brocade Communications Systems Inc (BRCD) Monday reported fourth-quarter net earnings of $83.4 million or $0.19 per share compared with $64.2 million or $0.14 per share last year. Excluding items, adjusted earnings for the quarter were $0.24 per share. Revenues for the quarter were $564.4 million...