A bid to purchase Adidas’ Reebok unit for an estimated $2.2 billion by a group of investors that included Jynwell Capital and funds associated with the government of Abu Dhabi has been launched as the Wall Street Journal reported Sunday. The Journal further stated that the offer will very soon be made in a letter […]
Is the Unexpected Rise in Enrollments Causing ITT Shares to Soar?
Lifting some pressure off the struggling sector of U.S. for-profit education, ITT Educational Services (ESI.N) more students signed up with them than previously estimated in the quarter ended June and it was because of an increase in its scholarships. The data showed that the shares of ITT made a sharp upward turn to about 60 […]
How Is Faurecia Sales Rising Through the European Auto Recovery
A 6.5 percent third quarter growth was reported by Faurecia (EPED.PA), a french auto parts supplier on a comeback in U.S. sales and a preliminary recovery in Europe’s market for vehicles. In a statement made on Thursday, the company declared that the three months ended in Sept.30, sales have markedly risen to 4.386 billion euros […]
Why Did Capital One Miss Estimates on Higher Loan Loss Provision
Falling short of expectations is what can be described of the quarterly report of Capital One Financial Group (COF.N), one of the biggest providers of credit cards in the United States as it allocated more money to compensate for unpaid loans. For the third quarter ended Sept. 30, the financial institution’s net profit attributable to […]
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