Berkshire Hathaway Exercises Warrants to Buy 700 Mln Bank of America Shares to Become Top Shareholder

Berkshire Hathaway Exercises Warrants to Buy 700 Mln Bank of America Shares to Become Top Shareholder

Bank of America (BAC) said on Tuesday Berkshire Hathaway (BRK) has exercised its warrants to purchase 700 million shares of Bank of America common stock, and becoming its biggest shareholder. “In 2011, we welcomed Berkshire Hathaway as a shareholder, and we appreciate their continued support now as our largest common shareholder,” said Bank of America Chief Executive Officer Brian Moynihan. The bank said there will be no effect on future […]

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Gap Second Quarter Results Top Estimates

Gap Second Quarter Results Top Estimates

Global retailer Gap said late Thursday fiscal second-quarter adjusted earnings and net sales beat analyst estimates after comparable sales grew for a third consecutive quarter. Shares climbed in after-hours trading as the company’s higher earnings per share guidance for full-year 2017 came in above the Street’s forecast. Adjusted EPS at $0.58 during the three months that ended July 29 was a nickel better than the analyst consensus on Capital IQ, […]

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Amicus Therapeutics Q2 Losses Narrow, Beat Street Views

Amicus Therapeutics Q2 Losses Narrow, Beat Street Views

Biotech firm Amicus Therapeutics reported a Q2 net loss per share of $0.34, compared to a loss of $0.40 for the same period last year, but ahead of the Capital IQ consensus forecast of a loss of $0.37.Revenues for the quarter were $7.2 million, which surpassed the analyst forecast of $6.5 million. There were no comparable revenue figures for the year-ago quarter. The company said it expects full-year 2017 net […]

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Atlas Air Worldwide Raises Guidance

Atlas Air Worldwide Raises Guidance

Atlas Air Worldwide Holdings shares were higher 2% in recent pre-market trade after the provider of outsourced aircraft and aviation operating services to air-cargo services, reported Q2 earnings above Street views on strong revenue growth. AAWW was at $61.20 recently, the highest level since 2011, if it holds into regular trading. The current 52-week range is between $34.22 and $60.35. Atlas Air reported adjusted earnings of $1.09 per share, above […]

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WisdomTree Investments Acquires Questrade ETFs

WisdomTree Investments Acquires Questrade ETFs

WisdomTree Investments, an exchange-traded fund and exchange-traded product sponsor and asset manager, said pre-market Friday its subsidiaries have agreed to acquire Questrade exchange-traded funds. Financial terms of the acquisition were not disclosed. The company said WisdomTree Asset Management Canada and WisdomTree Asset Management entered into a series of agreements with both Questrade Wealth Management and a sister company through which WisdomTree Canada will offer ETFs on a commission-free basis on […]

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Kratos Gets Contract

Kratos Gets Contract

Kratos Defense & Security Solutions, a national security solutions provider, said pre-market Wednesday that its public safety and security division (PSS) has recently received a new $3 million contract from a U.S. national healthcare network. The contract is for the first two phases of the design, engineering, deployment and integration of a physical access control system (PACS) for that unidentified customer. If the healthcare customer completes a proposed third phase […]

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Dunkin’ Donuts Enters Deal with Price Chopper

Dunkin’ Donuts Enters Deal with Price Chopper

Dunkin’ Brands Group, a franchisor of quick service restaurants, said Monday that it has entered into a partnership with Price Chopper to open three restaurants in Kansas. The national grocer will own and operate all three locations, with the first store slated to open on July 26 and the two additional restaurants opening later this year. Shares were little changed in recent morning trade.

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