GenCorp to Pay $550M for United Tech Unit
In a deal that will almost double GenCorp's size, the maker of aerospace propulsion systems will pay $550 million for United Technologies' Pratt & Whitney Rocketdyne unit.
Hindustan Unilever April-June Net More Than Doubles to INR13.31 Billion on One-Time Gain
Hindustan Unilever Ltd. (500696.BY) Monday beat expectations by more than doubling its net profit for the fiscal first quarter, helped by a one-time gain.
McDonald's Net Falls 4.5% as U.S. Dollar Hurts Margins
McDonald's Corp. (MCD) second-quarter earnings fell 4.5% as a stronger U.S. dollar weakened the world's largest fast-food chain's margins, despite stronger-than-expected same-store sales and slightly higher revenue.
Beats Electronics Buys Back Half of 50.1% Stake from HTC for $150 Million
Beats Electronics LLC is buying back half of the 50.1% stake held by HTC Inc. (2498.TW) for US$150 million, according to a statement from HTC.
National Activity Index Less Negative In June
Both the three- and one-month indexes of the Chicago Fed's national activity index were less negative in June, the regional bank said Monday.
Williams Cuts View On Lower Commodity Prices
Williams Cos. said Monday it expects adjusted second-quarter profit of about 21 cents a share, below the Wall Street analyst estimate of 33 cents a share in a survey by FactSet Research. The company cited an "unexpectedly sharp decline in natural-gas liquids margins in May and June." Williams also
Treasury Yields Fall To New Lows On Europe Worries
Treasury prices rose on Monday, pushing 10-year yields to a record low, as worries about Spanish regional debt forcing the country to ask for a bailout, and rising Spanish and Italian bond yields, sent investors towards relative safe havens including U.S. bonds.
Stock Futures Walloped by Spain Worries
U.S. stock-index futures followed European markets sharply lower on Monday as worries swell that Spain, the eurozone's fourth-biggest economy, may be the latest victim of the regional debt crisis.
McDonald's 2Q Results: Postgame Scorecard
For the second quarter, McDonald's (NYSE:MCD) saw a decline in net income. Earnings and Revenue The company posted revenues in line with analyst predictions, though the company's EPS came up short of expectations. The company reported EPS of $1.32 a share versus the $1.38 a share estimate and
Sinopec Buys Talisman North Sea Stake For $1.5 Bln
Talisman Energy Inc. said Monday it'll sell for $1.5 billion a 49% stake in oil assets in the North Sea of the U.K. to Sinopec .