Pepsico Inc Q3 Profit Increases, beats estimates Pepsico Inc (PEP) reported a profit for its third quarter that increased from last year and beat the Street estimates. The company’s earnings totaled $3.09 billion, or $2.24 per share. This compares with $2.70 billion, or $1.95 per share, in last year’s third quarter. Excluding items, Pepsico Inc […]
Gold Holds Steady Ahead Of Fed Speeches Gold prices saw marginal gains on Thursday as traders reassessed the path of interest rates. The yield on the 10-year Treasury yield edged up slightly in European trade, offsetting weakness in the dollar index. Spot gold edged up 0.1 percent to $1,822.90 per ounce, while U.S. gold futures […]
Dover Enters Into Agreement To Acquire FW Murphy On Wednesday, Dover Corporation (DOV) revealed that it has agreed to acquire FW Murphy Production Controls, LLC, a subsidiary of Genisys Controls LLC, for $530 million in cash. Once the transaction is complete, FW Murphy will join the Dover Precision Components (DPC) operating unit in Dover’s Pumps […]
Lithium Americas Gains 20% After Reorganization Shares of Lithium Americas Corp. (LAC) are adding more than 20 percent on Wednesday morning trade as it debuted on NYSE after reorganization. On Tuesday, the company together with Lithium Americas (Argentina) Corp. (LAAC) announced the completion of the reorganization of Lithium Americas into two independent publicly traded companies. […]
Gold Subdued On Rate Worries Gold prices were subdued on Wednesday after the August U.S. job openings survey signaled a tight labor market, keeping the risks tiled toward another Fed rate hike. Spot gold was down 0.1 percent at $1,821.54 per ounce, while U.S. gold futures were down 0.3 percent at $1,837.05. The dollar index […]
Cal-Maine Foods Inc Q1 Profit Falls, misses estimates Cal-Maine Foods Inc (CALM) released a profit for first quarter that decreased from last year and missed the Street estimates. The company’s bottom line came in at $0.9 million, or $0.02 per share. This compares with $125.3 million, or $2.57 per share, in last year’s first quarter. […]
Gold Pressured By Stronger Dollar, Rising Yields A stronger dollar and rising bond yields kept gold under pressure on Tuesday. Spot gold was marginally lower at $1,826.62, extending losses for the seventh straight session to hold near seven-month lows. U.S. gold futures were down 0.3 percent at $1,842.15. The dollar scaled an 11-month peak against […]
Greggs Q3 Sales Surge Greggs plc (GRG.L), a food-on-the-go retailer, said on Monday that its total sales have increased by 20.8 percent for the 13 weeks ending on September 30. In its trading update, the company also said its like-for-like sales increase 14.3 percent for the third quarter when compared to the same period last […]
Capricor Shares Fall On $23 Mln Registered Direct Offering Shares Capricor Therapeutics, Inc. (CAPR) are falling over 40% on Friday after the company announced that it has entered into an agreement with its commercial partner, Nippon Shinyaku, and funds associated with Highbridge Capital Management, for a registered direct offering of 4,935,621 shares of its common […]
Two-Year Note Auction Attracts Average Demand The Treasury Department kicked off this week’s series of announcements of the results of its long-term securities auctions on Tuesday, revealing this month’s sale of $48 billion worth of two-year notes attracted average demand. The two-year note auction drew a high yield of 5.085 percent and a bid-to-cover ratio […]