Electronic connector maker Molex Inc. posted a quarterly profit that beat market estimates, partly helped by new product launches and strong demand, but forecast second-quarter earnings below estimates, sending its shares down 4 percent in after-market trade. Get the full story »
Inside these posts: shares
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
SEC queried Buffett’s Berkshire on loss accounting
The U.S. Securities and Exchange Commission questioned Warren Buffett’s Berkshire Hathaway in the second quarter on why it was not writing down large losses on shares in Kraft and US Bancorp, but the company insisted its accounting was right. Get the full story »
Monsanto receives unsolicited mini-tender offer
Monsanto said it received a unsolicited mini-tender offer on Tuesday by TRC Capital Corp. to purchase 2 million shares of stock at $54.15 per share. That offer, the company said, is 5.5 percent below the $57.30 Monsanto’s shares were selling by closing price on Tuesday.
GM clarifies chairman’s comments about IPO
General Motors is clarifying comments made earlier this week by Chairman Ed Whitacre about the automaker’s expected initial public offering.
Whitacre told reporters in San Antonio on Wednesday that GM’s IPO would take place sometime in November and shares would be priced from $20 to $25 per share. Get the full story »
GM sets aside up to 5% of IPO for employees
General Motors Co. will allocate up to 5 percent of the common stock to be sold in its initial public offering for its employees, retirees and dealers, the automaker said Thursday. Get the full story »
Oct. 14, 2010 at 2:50 p.m.
Comments Off
Filed under: Banking, Mortgages, Real estate, Stock activity Financial stocks dip as bank mortgage woes mount
Stocks dipped Thursday after another disappointing jobs report and growing concern over how potentially damaging foreclosure documents will weigh on the health of major banks. But losses were mitigated by expectations that the Federal Reserve will have to act soon to strengthen the economy.
Carl Icahn buys more Motorola shares
Billionaire investor Carl Icahn is continuing to buy up shares of Motorola Inc., disclosing his second batch of purchases in a week. Get the full story »
Supervalu to buy back $70 mln shares
Supermarket operator Supervalu Inc. said on Thursday it will buy back up to $70 million of its common shares through June 30, 2011.
The operator of Albertsons, Jewel-Osco and Shaw’s stores also declared a regular quarterly dividend of $0.0875 a share.
The dividend will be paid on Sept. 15 to stockholders of record on Sept. 1.
Motorola buying back up to $400M in debt
By Wailin Wong | Motorola Inc. said Monday it has launched two separate offers to buy back up to $400 million in outstanding debt.
The Schaumburg-based technology company is offering to buy back outstanding bonds due in 2097, of which there is $252 million outstanding. That offer expires on June 7 but can be extended.
