June 28, 1990 |
Merger activity fell sharply in the first half of the year as the takeover business continued to contract because of the scarcity of financing, according to statistics released Wednesday. Securities Data Corp., a financial research firm, reported 2,110 transactions involving U.S. firms worth a total $88.2 billion during the first six months to date, down 50% in value from the 2,420 deals worth $193 billion in the first half of 1989.
October 9, 2007 |
louisville, ky. -- Fast-food giant Yum Brands Inc. said Monday that its third-quarter profit rose 17% on the strength of surging sales in its international and China divisions that offset sluggishness in the United States, led by slumping Taco Bell. The operator of KFC, Taco Bell and Pizza Hut reported 28% profit growth in its China division and 21% growth in its international division for the three months ended Sept. 8. Yum's U.S. operation had a scant 1% profit growth for the period.
October 24, 1986 |
Lear Siegler, a diversified Santa Monica company known for making small airplanes, announced plans to restructure Thursday, refueling takeover speculation and sending its stock price flying. The stock climbed $8 a share to close at $75 and was the second most active issue on the New York Stock Exchange as 2.14 million shares traded. A Lear Siegler spokesman said: "We know of no takeover threat at this time."
April 24, 2003 |
WellPoint Health Networks Inc. said Wednesday that its first-quarter profit jumped 37%, exceeding analyst forecasts, in part because of strong enrollment of new members in California. WellPoint posted first-quarter net income of $193.1 million, or $1.29 a share, up from $141.1 million, or 97 cents, a year earlier. The earnings beat Wall Street's average forecast of $1.20 a share, according to a poll by Thomson First Call. WellPoint's revenue rose 23% to $4.8 billion in the period, up from $3.
September 23, 2000 |
Hewlett-Packard Co., the world's No. 3 computer maker, said Friday that Chief Executive and President Carly Fiorina has added the post of chairman, becoming the first woman to hold all three top jobs at a major technology company. Hewlett also announced a $1-billion stock buyback, said it was comfortable with analysts' consensus fiscal fourth-quarter earnings estimate of $1.03 a share and expressed confidence that it would meet revenue growth targets of 15%. Hewlett's shares jumped $9.
March 17, 2006 |
Barnes & Noble Inc., the largest U.S. bookseller, said Thursday that fourth-quarter earnings rose 6.4% on strong holiday sales. Profit at rival Borders Group Inc. fell 3% because of discounts. Net income at Barnes & Noble increased to $123 million, or $1.76 a share. Fourth-quarter earnings at Borders, the second-largest U.S. book retailer, declined to $119.1 million. Borders per-share profit climbed to $1.78 on share repurchases.
January 30, 2003 |
Vivendi Universal's board on Wednesday named three outside directors and announced a new set of corporate governance rules in a further effort to bolster investor confidence in the French media giant. The board also discussed alternatives for the future of the company's U.S. entertainment group, including floating the entertainment assets in a public offering or selling the businesses outright.
May 3, 2000 |
PacifiCare Health Systems Inc. said Tuesday its first-quarter operating earnings rose slightly amid higher premiums and membership, while a 20% stock buyback lifted earnings per share. Based on shares outstanding, the company's earnings rose 21%, well ahead of Wall Street forecasts, but an uptick in the managed-care provider's medical costs sounded warning bells with some analysts. Santa Ana-based PacifiCare, the largest U.S.
August 22, 1998 |
AMP Inc. on Friday urged shareholders to spurn a $9.8-billion buyout offer from AlliedSignal Inc., saying that it's too low and that the world's biggest maker of electrical connectors doesn't fit with AlliedSignal's business. As part of its plan to fight the takeover, AMP named Robert Ripp, its 57-year-old executive vice president of global businesses, chairman and chief executive. Ripp, who is in charge of the company's plan to buoy its shares by closing five plants and cutting 7.