Hawker Beechcraft Inc. has hired bankruptcy and restructuring lawyers, said people familiar with the matter, as the aircraft manufacturer deals with weakened demand for its business jets.
Shares of Avid Technology (AVID) are up $1.35, or almost 14%, at $11.33 after the company reported Q4 revenue of $185.3 million and earnings per share of 38 cents, excluding some costs, beating the average $177 million and 16-cent consensus. On GAAP basis, the company turned in a profit of 3 cents a share, its...
A potential Glencore-Xstrata merger is setting the deal world abuzz with hope that the pre-financial crisis wave of blockbuster mining deals could be revived. Deal Journal recaps of how some of the more ambitious mining deals fared in the past and assesses some M&A scenarios.
Here, Deal Journal reads between the lines of Bostock's depature letter, with some annotations in italics below.
Shares of data center equipment maker Silicon Graphics (SGI), which were initially halted this afternoon, have plunged $3.56, or 25%, to $10.81 following the resumption of trading, after the company missed fiscal Q2 EPS estimates by a mile and forecast the year’s profit below consensus as its gross profit margin took a hit. Revenue in...
Here’s a look at what’s going on in tech earnings land this afternoon: Shares of telecom equipment vendor Calix (CALX) rose as much as 16% in late trading before settling in to a gain of 61 cents, or 7%, at $9.20, after the company reported Q4 revenue of $91.6 million, and profit of 8 cents...
Confirming a report by AllThingsD’s Kara Swisher earlier today, Yahoo! (YHOO) announced the company’s chairman of the board, Roy Bostock, will not stand for re-election, and said that the company had elected two new independent directors, Alfred Amoroso, formerly head of Rovi, and Maynard Webb, Jr. formerly chairman of software startup LiveOps. As Bostock put the...
Analysts have been pondering the significance of EMC’s (EMC) announcement yesterday of its “Project Lightning” flash-memory product, now called “VFCache,” which is meant to speed up access to data by improving the ability to cache data in corporate server computers. EMC shares are not seeing any lift from the product, trading down 9 cents at...
Bank of America Merrill Lynch hired former Goldman Sachs partner Ravi Sinha to be a top rainmaker in the global corporate investment banking group.
Credit Suisse’s Paul Silverstein today reiterated an Outperform rating on Cisco Systems (CSCO) shares in advance of the company’s fiscal Q2 report tomorrow evening for the three months that ended in January. The Street is looking for $11.22 billion in revenue and 43 cents a share in profit tomorrow. Silverstein is looking for $11.34 billion...
Groupon, one of last year’s most-talked about IPOs, will deliver its first earnings report tomorrow.
Glencore and Xstrata officially rolled out their ambitious attempt to create a $90 billion commodities giant Tuesday morning. Here's a profile of the deal from Dealogic.
