Briefing.com - 6 minutes ago
Co announced that it has priced an offering of $500 million aggregate principal amount of 2.875% senior unsecured notes due June 1, 2023. The offering is being conducted pursuant to an effective registration statement under the Securities Act of 1933. Analog Devices intends to use approximately $393 million of the net proceeds from this offering to fund the previously announced redemption of $375 ...
Briefing.com - 9 minutes ago
Reports Q2 (Apr) earnings of $0.44 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.40; revenues rose 9.9% year/year to $237.71 mln vs the $229.01 mln consensus."These record results were driven by strong second quarter organic growth in both our Flight Support and Electronic Technologies segments. Additionally, we are extremely excited about our acquisition of Reinhold Indust...
MarketWatch - 12 minutes ago
Hewlett-Packard Co.reported a steep sales drop in its personal computer business. But the tech giant managed to keep the business profitable, likely by taking the opposite tact of rival Dell: It appears to have refrained from huge price cuts, a move instigated by Dell this quarter in order to gain market share.
MarketWatch - 16 minutes ago
The computer maker beats Street estimates on earnings and outlook, adding to gains of nearly 50% on the year. PetSmart, Pacific Sunwear shares also rise.
Briefing.com - 19 minutes ago
Co and its wholly owned subsidiary Legacy Reserves Finance Corporation today announced the pricing of the previously announced offering of $250 million in aggregate principal amount of senior unsecured notes due 2021, which will bear interest at a rate of 6.625% per annum. The notes are being sold at 98.405% of their face amount. Legacy expects the offering of the notes to close on May 28, 2013, s...
Briefing.com - 20 minutes ago
Co announced the underwritten at-the-market secondary public offering of 15,068,000 of its common shares by Jupiter Enterprise LP, an indirect subsidiary of Lehman Brothers Holding Inc., as the selling shareholder. The 15,068,000 common shares being offered are part of the 34,468,085 common shares issued to the selling shareholder in connection with Equity Residential's acquisition of a portion of...
MarketWatch - 22 minutes ago
Energy stocks lose steam, ending lower alongside the broader U.S. equity market as Federal Reserve Chairman Ben Bernanke says Fed bond-buying could be about to taper off.
Briefing.com - 26 minutes ago
Co announced that Dave Anderson was named interim chief financial officer (CFO). Anderson, currently controller, has served with the bank since 2009 and has over 30 years of experience in senior level financial leadership positions, including 14 years as the corporate controller of Citizens Financial Group. Don Kimble, CFO since 2004, is leaving to join a financial institution with a national foot...
MarketWatch - 26 minutes ago
Instead of blasting Tim Cook, senators should scrap the corporate tax, writes Brett Arends.
Briefing.com - 28 minutes ago
Co has elected David J. Gallitano as chairman of the board succeeding Charles G. Berg. This past March, Berg informed the board that he would not stand for re-election to the company's board of directors at its next annual meeting of stockholders. Gallitano has been a WellCare director since 2009.