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Synchrony shares drop day one of GE swap
2015-10-20 00:33:35| Industrial Machines - Topix.net
Fairfield-based General Electric commenced its offer to exchange shares it holds of Synchrony Financial for the GE stock of GE shareholders wishing to add Synchrony stock to their portfolio. GE owns 705 million shares of Synchrony common stock, representing about 85 percent of the outstanding common stock of Synchrony.
Morgan Stanley shares slide after earnings miss
2015-10-19 15:54:11| IT Services - Topix.net
Morgan Stanley said its third-quarter profit fell 40% as the company managed through choppy markets that depressed trading activity. The New York-based bank reported a profit of $1.02 billion, or 48 cents a share.
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Treasury Wine shares climb to record after deal to buy Diageo U.S., British assets
2015-10-19 06:05:51| Beverages - Topix.net
Treasury said on Monday it expects a A$486 million rights issue to finance the deal will be successful. The investor response cements a turnaround in sentiment towards the home of the Penfolds wine label as Chief Executive Officer Michael Clarke reshapes its growth strategy, buying upscale wine brands from London-listed Diageo.
You'll Need That Kleenex From Kimberly-Clark Corporation If You Buy Shares Now
2015-10-18 10:09:16| Paper - Topix.net
Consumer staples offer downside protection to investors since they have generally inelastic demand for their products and also have pricing power over the medium term. With the bull market being a bit long in the tooth and lasting about 6.5 years now I feel it's important to figure out my potential buy zones on some of the greatest defensive companies around, consumer staples.
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Insider Selling: Microsemi Director Sells 1,000 Shares of Stock
2015-10-18 06:32:55| Electronics - Topix.net
Microsemi Director Thomas Robert Anderson sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $36.30, for a total value of $36,300.00.
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