NetApp shares see-saw after mixed quarterly results

NetApp Inc. NTAP, -0.35% shares wavered between gains and losses in the extended session Wednesday after the cloud data storage company reported mixed fiscal 2019 first-quarter results. NetApp said it earned $283 million, or $1.05 a share, in the quarter, compared with $131 million, or 47 cents a share, in the first quarter of fiscal 2018. Adjusted for one-time items, […]

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Diamondback Energy agrees to buy Energen Corp. in $9.2 billion all-stock deal

Diamondback Energy Inc. FANG, +1.43% has agreed to buy Energen Corp. EGN, +2.49% in an all-stock deal valued at about $9.2 billion, including Energen’s net debt of $830 million as of June, the companies said late Tuesday. Under the terms of the deal, Energen shareholders would receive 0.6442 shares of Diamondback common stock, representing an implied value to each Energen […]

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Perry Ellis Terminates Talks With Randa Accessories – Quick Facts

Perry Ellis International (PERY) said that the special committee of its board of directors, which comprises the independent directors, confirmed it has terminated discussions with privately-held Randa Accessories Leather Goods LLC with respect to its revised, non-binding, unsolicited proposal to acquire all the outstanding common stock of Perry Ellis for $28.90 per share in cash. On August 13, the Special […]

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Diamondback Energy To Buy Energen Corp. In $9.2 Bln All-stock Deal

Diamondback Energy Inc. (FANG) Tuesday said it has agreed to buy Energen Corp. (EGN) in an all-stock transaction deal valued at about $9.2 billion. The deal includes Energen’s net debt of $830 million as of June 30, 2018. The stock consideration will consist of 0.6442 shares of Diamondback for each share of Energen. The stock consideration represents an implied value […]

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Amazon’s stock rallies toward for 1st close above $1,900, 21 days after surpassing $1,800

Shares of Amazon.com Inc. AMZN, +0.91% rallied 0.9% in afternoon trade, putting them on track for the first close above the $1,900 level, on their second attempt in three sessions. The stock had ran up to an intraday high of $1,914.57 on Thursday, before paring gains to end the regular session at the current record close of $1,898.52. The stock […]

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McDonald’s plans to serve rice in south, west India

‘Consumers want more options in lunch and dinner meals’ American food major McDonald’s has announced plans to serve rice menu at its outlets in southern and western India. The company has introduced two variants — Spicy Rice and Cheesy Rice — starting at ₹129 a bowl. McDonald’s will continue to build a rice platform, bringing out a bouquet of rice […]

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Tata Steel profit more than doubled in the April-June period

To put revised bid for Bhushan Power and Steel Tata Steel net profit for the June quarter more than doubled to Rs 1,954 crore due to robust performance of the Indian steel business. Company’s revenue increased over 22% to Rs 37,833 crore, due to better realisations. Commenting on the results, T V Narendran, CEO & Managing Director said, "Tata Steel […]

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Planet Fitness stock pulls back from record after J.P. Morgan downgrade, on valuation

Shares of Planet Fitness Inc. PLNT, -4.58% dropped 4.5% in afternoon trade Monday to pull back sharply from the previous session’s record close, after J.P. Morgan analyst John Ivankoe downgraded the fitness center operator, citing concerns over valuation. Ivankoe cut his rating to neutral, after being at overweight since he started covering the company in August 2015, just weeks after […]

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Board of Australian pipeline firm ASA Group backs $9.5 billion takeover offer

MELBOURNE, Australia — Australian pipeline operator APA Group’s directors are recommending shareholders accept a 12.98 billion Australian dollar (US$9.47 billion) takeover offer from a consortium led by Hong Kong’s CK Infrastructure Holdings Ltd. 1038, -0.87%  The consortium in mid-June made a conditional offer to buy APA APA, +0.05%  for A$11 a share. The Australian company said Monday it had entered […]

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Brooks Koepka holds off Tiger Woods to win PGA Championship

ST. LOUIS — Brooks Koepka shot a final round 66 to win the PGA Championship on Sunday at Bellerive Country Club. He finished at 16 under par. Winner of the past two U.S. Opens, Koepka took control of the tournament on Saturday and held off Tiger Woods to take his third career major at the age of 28. Woods shot […]

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