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Companies returning cash to shareholders can win the favor of current and potential investors.
Check out the companies making headlines midday Tuesday:Walmart WMT — Walmart shares gained more than 3 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter.
The alternative asset manager -- which was turned down in its $12.50-a-share offer, less than the $14 to $15 a share it had been expected to bid -- said Tuesday that it has “room to raise our price.” The offer, rejected in a letter and press release Monday, represented a 23 percent premium over Navient’s average price for two months, Canyon said. “While Canyon’s bankers initially were hopeful that an offer could be made at $14 to $15 a share, our due diligence raised material questions as to whether that would be justified,” Canyon said in a letter to Navient’s board dated Tuesday. Navient rose 6 percent to $12.43 at 9:48 a.m. in New York.
Amazon is reportedly planning to debut about 30 original movies per year with budgets ranging from a few million dollars to over $50 million. Amazon Studios head Jennifer Salke told The New York Times the company plans to diversify its film strategy by continuing to bring some films to theaters, while bringing others straight to its streaming platform. Amazon failed to break even on several films over the past year and a half as it has pursued costly movies seeking critical acclaim.
Lower tax rates owing to the latest U.S. tax reforms should drive Aerojet Rocketdyne's (AJRD) bottom-line performance in Q4.
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Will Kraft Heinz Stock Rise Further on Q4 Results?What to expect Kraft Heinz (KHC) is expected to announce its fourth-quarter results on February 21. The company didn’t impress investors with its financial performance in the first three quarters of
Boeing Wins $43 Million Navy Contract to Build Super SubmarinesBoeing wins Navy contract Last week, the Boeing Company (BA) announced winning a $43 million contract from the US Navy to build four large unmanned submarines. The US Navy named the
UPS Hikes Its DividendUPS raised the dividend rate United Parcel Service (UPS) continued its policy of enhancing shareholders’ wealth. On February 15, the company announced that it raised its quarterly dividend rate 5.5% to $0.96 from $0.91 paid
The retailer earned an adjusted $1.41 per share for the fourth quarter, beating estimates by 8 cents a share. Revenue also beat Wall Street forecasts. U.S. comparable-store sales rose 4.2 percent, topping the Refinitiv consensus of a 3.2 percent increase.
Navient Corporation (NAVI) rejects $3.2-billion (2.47 billion pounds) takeover bid offered by hedge fund Canyon Capital Advisors LLC and private-equity firm Platinum Equity Advisors LLC.
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Smucker (SJM) is troubled by high freight expenses and lower net price realization. Nonetheless, gains from acquisitions and innovations provide some cushion.
A sharp drop in fuel prices midway through the fourth quarter of 2018 was welcome. But it didn’t prevent U.S. airlines from paying 24 percent more for their fuel this fourth quarter versus last. So once again, industry margins declined. But not much. The country’s nine largest scheduled airlines that have reported (Frontier hasn’t yet […] The post U.S. Airline Earnings Show Race Between Rising Costs and Higher Revenues appeared first on Skift.
Negative sentiment towards the global economic outlook weighed on the commodity currencies, with economic data and Brexit putting the Pound in Focus.
Investors in a group led by rail operator Ferrovie dello Stato SpA are evaluating the financial needs of the “new Alitalia” that would emerge after the second bankruptcy process in a decade, said the people, who asked not to be named because the discussions are private. The plan will be discussed with Delta and EasyJet this week and could be finalized by the end of February, they said. The new Alitalia would retain assets from the previous carrier, but debt wouldn’t be carried over, according to the people.
Navient Corp. has received a buyout offer worth about $3.2 billion from a pair of investors that the student-loan servicer rejected as too low. Navient’s board said Monday that it voted to turn down the $12.50-a-share proposal from hedge fund Canyon Capital Advisors LLC and private-equity firm Platinum Equity Advisors LLC, believing it undervalues the company and is lacking in other ways. The offer represents a 6.6% premium over Navient’s most recent closing price Friday of $11.73 a share.
Southwest Warns Mechanics to Get Back to Work or Risk TerminationOperational emergency In a strongly worded memo, Southwest Airlines (LUV) told its mechanics to get back to work or risk termination, CNBC reported on February 15. The company issued
Citigroup's (C) chief executive officer (CEO) - Michael Corbat - receives about 4.35% pay hike in total compensation package to $24 million for 2018.
Brown & Brown's (BRO) arm buys certain assets of Pipino Company, which in turn, augurs well for its extension of service and consulting abilities offered to clients.
FedEx Plunges 2.5% after President and COO Bronczek ResignsPresident and COO resigns Shares of FedEx (FDX) fell 2.5% on February 15 after the company revealed in an SEC (Securities and Exchange Commission) filing that its president and COO, David