Stocks to watch this morning include Bank of Hawaii, Lorillard and more:
Bank of Hawaii Corp.’s second-quarter profit slid 25% as the lender’s bottom line took a hit from a previously announced tentative legal settlement relating to overdraft practices.
Foster Wheeler AG named Linde Group executive J. Kent Masters as its new chief executive as of Oct. 1, succeeding Robert Flexon who left the post after just five months for a position at another company.
J.M. Smucker Co. raised its quarterly dividend 9.1%, adding onto a 10% increase the food maker unveiled in January in an effort to disburse more cash to shareholders.
Lorillard Inc.’s second-quarter earnings rose 11% as the cigarette maker’s sales benefited from increased volume and higher selling prices.
Six Flags Entertainment Corp.’s second-quarter revenue rose 5.4% on higher ticket sales and purchases of goods in its theme parks.
Validus Holdings Ltd. took its $3.5 billion tender offer to acquire Transatlantic Holdings Inc. directly to the reinsurer’s shareholders after its board insisted Validus agree to a standstill agreement. Earlier this month, Validus proposed merging with Transatlantic, aiming to scuttle a prior $3.2 billion merger agreement between the reinsurer and Allied World Assurance Co. Holdings Ltd.
No comments:
Post a Comment