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UPDATE 1-Meggitt maintains 2016 growth forecast, M&A hopes send shares surging
2016-02-23 17:28:06| Paper - Topix.net
Feb 23 British engineering company Meggitt maintained its forecast for modest revenue growth this year, underpinning its stock price which soared on takeover speculation on Tuesday. Shares in the company, which issued a surprise profit warning in October and dropped out of Britain's blue-chip FTSE 100 share index in December, had jumped 11.3 percent by 1355.
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UPDATE 1-Nordstrom profit misses estimates, shares down
2016-02-18 23:39:23| Apparel - Topix.net
Feb 18 Department store operator Nordstrom Inc reported lower-than-expected quarterly profit as it offered deep discounts to clear excess inventory from the holiday season. Nordstrom's net income fell to $180 million, or $1 per share, in the fourth quarter ended Jan. 30 from $255 million, or $1.32 per share, a year earlier.
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Mid-Day Market Update: Crude Oil Surges 5%; Fossil Group Shares Rise On Strong Results
2016-02-17 19:42:14| Jewelry - Topix.net
Midway through trading Wednesday, the Dow traded up 1.35 percent to 16,414.97 while the NASDAQ climbed 1.68 percent to 4,510.32. The S&P also rose, gaining 1.39 percent to 1,921.98.
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UPDATE 3-IBM forecasts weak earnings for 2016; shares slide
2016-01-20 01:32:57| Electronics - Topix.net
Jan 19 International Business Machines Corp reported an 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results. Armonk, New York-based IBM's revenue fell to $22.06 billion, above analysts' average estimate of $22.02 billion, according to Thomson Reuters I/B/E/S.
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UPDATE 1-Dialog shares rise after losing bid for Atmel
2016-01-15 12:54:38| Semiconductors - Topix.net
FRANKFURT, Jan 15 Shares in Dialog Semiconductor Plc rose as much as 9 percent on Friday after it said it would not enter a bidding war for U.S. chipmaker Atmel Corp . Earlier this week Atmel said it considered rival suitor Microchip Technology Inc's $3.42 billion cash-and-stock proposal superior to an agreed offer from Dialog.
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