Stocks & ETFs

Floor & Decor Holdings Prices Secondary Offering

Floor & Decor Holdings Prices Secondary Offering

July 20, 2017 at 11:48 am 0 comments

Floor & Decor Holdings said pre-market Thursday that the underwritten secondary offering of 10.7 million shares from some stockholders has been priced at $40 each, a 2.3% discount relative to the stock’s Wednesday closing price. The company is not selling any shares in this offering and will not receive any proceeds from the sale. The sellers include linked to AresRead More

MRC Global Renews Integrated Supply Agreement with NiSource

MRC Global Renews Integrated Supply Agreement with NiSource

July 17, 2017 at 12:43 pm 0 comments

MRC Global said Monday that it has signed a new contract with NiSource and several other agreements in Norway.The company said it will continue to provide integrated supply services and gas distribution products including pipe, valve and fitting products and services to NiSource (NI). NiSource has been a customer since 2004. Separately, the company said its Norwegian subsidiary will provideRead More

Pearson Agrees to Sell 22% Stake in Penguin Random House

Pearson Agrees to Sell 22% Stake in Penguin Random House

July 11, 2017 at 12:15 pm 0 comments

UK education and publishing firm Pearson said on Tuesday that it has agreed to sell a 22% stake in book publisher Penguin Random House to its German joint venture partner Bertelsmann in a transaction that will also recapitalize the business generating proceeds of about $1 billion for Pearson. The deal values Penguin Random House at $3.55 billion in enterprise value,Read More

Haverty Furniture Companies Reports Improved Total Sales for Q2

Haverty Furniture Companies Reports Improved Total Sales for Q2

July 7, 2017 at 11:10 am 0 comments

Haverty Furniture Companies reported Friday sales for the quarter ended June 30 increased year over year even as comparable store sales declined from the prior-year period. The retailer of residential furniture and accessories said Q2 sales were $196.8 million, up 1.1% from $194.8 million in the same quarter in 2016. Comparable store sales were down 0.2%. Havertys’ stores were closedRead More

Delta Air Lines Expands Boston Service

Delta Air Lines Expands Boston Service

July 6, 2017 at 12:09 pm 0 comments

Delta Air Lines said Thursday will operate twice-daily nonstop flights from Boston to Pittsburgh beginning on Oct. 1, and a seasonal service from Boston to New Orleans starting on Feb. 10, 2018 through April 1, 2018. The airline also plans to expand certain flights to West Palm Beach, Fort Myers and Ft. Lauderdale, Florida and to certain Caribbean destinations toRead More

Microsoft Shares Lower

Microsoft Shares Lower

July 3, 2017 at 11:23 am 0 comments

Microsoft dipped after additional details to a report by Puget Sound Business Journal last week about the company’s plans to reorganize included thousands of layoffs for the company worldwide, reports said. The restructuring is to reorganize its salesforce and is set to include an organizational merger that involves its enterprise customer unit and one or more of its SME-focused divisions,Read More

Darden Restaurants Target Raised by RBC

Darden Restaurants Target Raised by RBC

June 28, 2017 at 11:37 am 0 comments

Darden Restaurants received a price-target increase Wednesday from RBC Capital Markets after the firm updated its model on the restaurant company to reflect the addition of Cheddar’s Scratch Kitchen. The new price target is $96 per share, up from $86. The boost brings the price target above the stock’s Tuesday closing price of $92.69 from below it. RBC kept itsRead More