Cruise operator Norwegian Cruise Line Holdings Ltd. agreed Tuesday to acquire peer Prestige Cruises International, Inc. in cash and stock deal valued at $3.025 billion, including assumed debt. An additional contingent cash consideration of up to $50 million will also be payable to Prestige shareholders upon achievement of certain 2015 performance metrics.
Following the long, holiday weekend, stocks may move to the upside in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 15 points.
Discount retailer Dollar General Corp. (DG) Tuesday said it has sent a sweetened acquisition proposal to the Board of Directors of Family Dollar Stores, Inc. (FDO). Further, the company increased the number of stores it is willing to divest if ordered by the Federal Trade Commission, and agreed to pay a $500 million reverse break-up fee to Family Dollar relating to antitrust matters.
Select Income REIT (SIR) Tuesday announced a definitive merger agreement to acquire Cole Corporate Income Trust or CCIT, a non-traded net lease REIT, for approximately $3 billion, including the assumption of approximately $298 million of mortgage debt. SIR will acquire CCIT's full property portfolio, which includes 64 office and industrial net lease properties as well as 23 healthcare properties.
Early indications suggest that Wall Street stocks may open higher along with the rest of the global markets, as optimism over stimulatory environment abounds. Traders have built up expectations that the European Central Bank, which is scheduled to meet later this week, would announce additional stimulus,...
The Swiss economy stalled in the second quarter as the improvement in household spending was insufficient to offset the weakness in exports and investment in construction. Gross domestic product remained flat from the first quarter, when it accelerated to 0.5 percent, the State Secretariat for Economic Affairs said Tuesday. Economists had expected GDP to rise 0.5 percent in the second quarter.
A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the
British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4.
Packaging products company Crown Holdings, Inc Monday said it has entered into a definitive agreement with Dutch brewer Heineken N.V., to buy its packaging businesses Empaque in Mexico for a cash consideration of $1.225 billion.
U.S. stocks ended another strong week on a high note, with the S&P 500 setting all-time highs above the 2,000 milestone.
Relatively upbeat readings on consumer sentiment and Midwest business conditions had Wall Street in a good mood for most of the session.
Volume was light as many traders got...
U.S. crude oil surged to end higher for a fourth straight session Friday, on demand growth prospects after some upbeat economic data from the U.S. showed consumer sentiment to have improved unexpectedly in August.
Oil prices were supported by some strong data from the U.S. with a Thomson Reuters...
Gold futures ended lower on Friday, as the dollar strengthened after some upbeat economic data from the U.S. showed consumer sentiment in August to have improved unexpectedly, although consumer spending in July dipped.
Nonetheless, the decline was limited on concerns over the situation in Ukraine...
Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August.
The final August reading on the consumer-sentiment index rose to 82.5 from a final July...
Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.
U.S. stocks are poised for a slightly higher open Friday, in what is expected to be a very quiet session ahead of the Labor Day weekend.
With many traders away from their desks getting a head start on the last summer holiday, stocks are likely to hold monthly gains despite mounting tensions between...