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Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share
Thursday, January 17, 2019 - 10:28am | 534Read More...After months of rumors, Cars.com Inc (NYSE: CARS) announced Wednesday its ongoing review of strategic alternatives, including a possible sale. What Happened Management has been working with external advisors to initiate a process since receiving Board authorization Sept. 28. "We are confident...
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Trump Presidency Has Big Implications For British American Tobacco-Reynolds Merger
Wednesday, January 11, 2017 - 12:10pm | 285Read More...British American Tobacco PLC (ADR) (NYSE: BTI)'s pursuit of acquiring the remaining 58 percent of Reynolds American, Inc. (NYSE: RAI) it doesn't already own remains ongoing. The pursuit began prior to the U.S. election, but President-elect Donald Trump's win has major implications for the deal....
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Is Reynolds Just Flirting With British American Tobacco? Takeover Rejection Amid Deal Optimism
Tuesday, November 15, 2016 - 9:11am | 273Read More...British American Tobacco PLC (ADR) (NYSE: BTI) picked an ideal time back in October to acquire the remaining stake in Reynolds American, Inc. (NYSE: RAI) it already didn't own. The only problem is Reynolds rejected the offer on Monday. Reynolds stock lost close to 1 percent on Monday but was...
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Reynolds American's Disappointing Quarter Belies A Strong Growth Story
Thursday, October 20, 2016 - 10:08am | 263Read More...Reynolds American, Inc. (NYSE: RAI) third quarter earnings per share and revenue fell short of what analysts were expecting. Despite the miss, Vivien Azer of Cowen And Company reiterated an Outperform rating and $57 price target on the stock. According to the analyst, the company is still...
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Carl Icahn: Apple Guidance Revision A Distinct Possibility
Wednesday, January 28, 2015 - 4:49pm | 353Read More...Apple Inc. (NASDAQ: AAPL) came with better-than-expected fourth-quarter results on Tuesday, reaffirming billionaire investor and chairman of Icahn Enterprises LP (NASDAQ: IEP) Carl Icahn, take on the stock. Icahn was on CNBC Wednesday to share his opinion on Apple’s quarterly results. He...
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Markets Close Higher Ahead Of Busy Earnings Season
Friday, July 11, 2014 - 4:40pm | 2373Read More...U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...
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#PreMarket Primer: Friday, July 11: European Banks May Not Be Out Of The Woods Yet
Friday, July 11, 2014 - 7:28am | 1236Read More...Worries over Portuguese Lender Banco Espirito Santo dragged markets down on Thursday after the bank delayed payments on some of its short-term debt securities. The news took Portugal’s stock market down 4.2 percent and dragged the rest of the world’s markets down with it. Asian...
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Deutsche Bank's Tobacco Industry Report
Thursday, September 16, 2010 - 8:52am | 210Read More...Deutsche Bank remains bullish on tobacco's above-consensus estimates following company updates, and reviews of recent data and conversations with management in the trade. Stocks have performed strongly since July, and Deutsche remains positive on Altria Group, Inc. (NYSE: MO) and Reynolds American...
