BoC’s Outlook Survey Reveals Ongoing Positive Business Sentiment

BoC’s Outlook Survey Reveals Ongoing Positive Business Sentiment

The Bank of Canada’s Outlook Survey revealed ongoing positive business sentiment nationally, although several survey indicators moderated from strong summer results. The survey showed expectations for sustained sales growth across regions, building on solid summer results. Firms in some sectors anticipate a return to a more sustainable pace. Investment and employment indicators moderated from recent highs, consistent with continued, though somewhat less widespread plans to boost hiring and investment. A […]

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Wells Fargo Misses on Third Quarter Earnings

Wells Fargo Misses on Third Quarter Earnings

Wells Fargo (WFC) missed analysts’ expectations for its earnings and revenue in the third quarter as a $1 billion discrete litigation accrual for a mortgage-related regulatory investigations weighed. The San Francisco-based bank reported adjusted earnings per share of $0.84 in the period, down from $1.03 in the prior-year quarter and missing the mean estimate of analysts polled by Capital IQ for $1.03 per share. It said that the result was […]

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Sanofi to Inject $202m into Expanding French Production Facility to Increase Supply of Key Flu Vaccine

Sanofi to Inject $202m into Expanding French Production Facility to Increase Supply of Key Flu Vaccine

French health care company Sanofi (SNY) said on Thursday that it will invest 170 million euros ($201.6 million) into expanding its vaccine manufacturing site in the Normandy region of France as it seeks to ramp up the supply of one of its key flu vaccines. The new facility, located in Val de Reuill, will allow Sanofi Pasteur, the global vaccines business unit of Sanofi, to expand supply of its four-strain […]

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Tejon Ranch Launches $75 Mln Rights Offering

Tejon Ranch Launches $75 Mln Rights Offering

Tejon Ranch Co (TRC), a real estate developer and agribusiness company, said Wednesday that it has commenced its previously announced rights offering to raise up to $75 million of gross proceeds, with the distribution of one transferable subscription right for each share of the company’s common stock to investors of record on Oct. 4. Each subscription right entitles the holder to purchase 0.20 shares of the company’s common stock at […]

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Asian Stock Markets Mixed, Muted, Closed On Holiday

Asian Stock Markets Mixed, Muted, Closed On Holiday

Asian stock markets were muted Thursday, with Tokyo trading flat, and Hong Kong, Shanghai and Seoul closed on holiday. With regional markets near record highs, traders are in a holding mode and awaiting the U.S. Friday jobs report or other cues, said analysts. In Tokyo, the Nikkei 225 traded flat, closing up 0.01%, as traders took profits from a market near two-year highs, and took to sidelines ahead of the […]

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Tyson Foods Prices Senior Notes

Tyson Foods Prices Senior Notes

Tyson Foods said late Tuesday that it has agreed to sell $300 million aggregate principal amount of its Floating Rate Senior Notes due 2019, $350 million aggregate principal amount of its Floating Rate Senior Notes due 2020, $1,350 million aggregate principal amount of its 3.55% Senior Notes due 2027 and $750 million aggregate principal amount of its 4.55% Senior Notes due 2047 in underwritten public offerings under its effective shelf […]

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Fidelity and Guaranty Life Shares Gain

Fidelity and Guaranty Life Shares Gain

Fidelity and Guaranty Life edged up to a record high on Tuesday after Bloomberg said Blackstone Group (BX) and Ares Management (ARES) are among the bidders for the company. They are preparing to make a new round of bids for Fidelity after submitting offers for the company about a month ago, sources told Bloomberg. Athene Holding Ltd., the Apollo Global Management LLC (APO)-backed annuities seller that analysts pegged as a […]

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