Ford Motor Co. (F) Wednesday said it would add an additional 200,000 units of annual straight-time capacity this year. In addition, Ford will produce an extra 40,000 units by idling select plants for only one week during the traditional two-week summer shutdown.
The 200,000 annual straight-time capacity...
Intelsat S.A. [I], announced that its subsidiary, Intelsat Jackson Holdings S.A., priced $2 billion of 5 1/2% senior notes due 2023 at an offering price of 100% and $635 million of 6 5/8% senior notes due 2022 at an offering price of 106.25%. The company predicts to close the notes offering on June 5,...
Cinemark Holdings, Inc. (CNK) announced that its wholly-owned subsidiary, Cinemark USA, Inc. priced private offering of $530 million of 4.875% Senior Notes due 2023. The company expects to close the offering on May 24, 2013.
The 2023 Notes will be guaranteed by certain of subsidiaries that guarantee...
Alcobra Ltd., an emerging biopharmaceutical company primarily focused on the development and commercialization of a proprietary drug, MG01CI, announced the pricing of initial public offering of 3.125 million ordinary shares at $8.00 per share, below its expected price range. The offering is expected...
US Airways Group, Inc. (LCC) said Tuesday that it has priced $500 million of its 6.125% Senior Notes due 2018, which represents an increase of $100 million from the previously announced size of the offering.
The company plans to use the proceeds from the senior notes offering for general corporate...
Ironwood Pharmaceuticals, Inc. (IRWD) said Tuesday that it has priced an underwritten public offering of 10.5 million shares of its Class A common stock at a price of $13.00 per share to the public.
The gross proceeds to Ironwood from this offering are expected to be about $136.5 million, before...
Fitch Ratings said Tuesday that it has affirmed Goldcorp Inc.'s (GG) Issuer Default Rating and ratings on the unsecured revolving credit and unsecured notes at 'BBB'.
The Rating Outlook is Stable.
Fitch said Goldcorp's credit rating reflects its sizable long lived reserves in areas of relatively...
Lorillard, Inc. (LO), the third largest manufacturer of cigarettes in the United States, said Tuesday that its Board of Directors amended the company's existing $500 million share repurchase program to authorize an additional $500 million in repurchases, authorizing the company to repurchase in the aggregate...
Pinnacle Entertainment, Inc. (PNK) said Tuesday that it has promoted Carlos Ruisanchez to President & Chief Financial Officer, effective immediately.
Ruisanchez previously held the position of Executive Vice President & Chief Financial Officer. He has been with the company since August 2008 and has...
Merck & Co Inc. (MRK) announced that it has entered into an accelerated share repurchase agreement or ASR with Goldman, Sachs & Co. to repurchase $5 billion of Merck's common stock.
Merck said proceeds from the company's recently concluded debt offering were used to execute the ASR, which is part...
Gilead Sciences, Inc. (GILD) said Tuesday that its Marketing Authorisation Application for sofosbuvir, a once-daily oral nucleotide analogue inhibitor for the treatment of chronic hepatitis C virus infection, which was submitted to the European Medicines Agency on April 17, has been fully validated and...
AirIQ Inc. (IQ.V) announced that an existing major North American rental customer has selected AirIQ to provide its wireless location and asset management solution for its commercial operations.
AirIQ said it has already equipped over 800 units in Canada for this rental customer under separate purchase orders.
Compuware Corp. (CPWR) reported fourth-quarter GAAP net loss of $63.7 million or $0.30 per share, compared to net income of $27.1 million or $0.12 per share in the year-ago quarter.
Non-GAAP net income for the latest fourth quarter declined to $10.8 million or $0.05 per share from $27.1 million or...
Dycom Industries Inc. (DY) Tuesday said third-quarter profit dropped to $7.2 million or $0.21 per share from $9.6 million or $0.28 per share in the comparable quarter last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.17 per share for the quarter. Analysts'...
NetApp, Inc. (NTAP) Tuesday reported fourth-quarter profit of $174 million, down from $181 million in the same period a year ago. On a per-share basis, earnings were $0.47, flat with last year.
Adjusted earnings for the quarter was $253 million or $0.69 per share. On average, 34 analysts polled by...