Brookfield Infrastructure Partners To Commence $1 Bln Equity Offering

Brookfield Infrastructure Partners To Commence $1 Bln Equity Offering

Brookfield Infrastructure Partners LP (BIP) said Monday that it has agreed to issue 16.6 million units on a bought deal basis, to a syndicate of underwriters co-led by RBC Capital Markets, TD Securities Inc., Citigroup, BofA Merrill Lynch and HSBC at a price of $42.10 per unit for gross proceeds of $700 million. Also, Brookfield Asset Management Inc. (BAM) and certain of its related entities will purchase 7.4 million redeemable […]

Read More ˃
DSW Fiscal Q2 Results Beat Views

DSW Fiscal Q2 Results Beat Views

DSW shares were higher over 5% in recent pre-market trade after the footwear retailer reported Tuesday fiscal Q2 adjusted net income of $0.38 per share, up from $0.35 per share in the prior year period and higher than the $0.29 per share Street estimate provided by Capital IQ. Net sales for the quarter ended July 29 were $680.4 million, up from $658.9 million reported for the same period last year […]

Read More ˃
Sprint Lifts Lower End of FY Guidance

Sprint Lifts Lower End of FY Guidance

Sprint shares were higher over 3% in recent pre-market trade after the wireless provider reported fiscal Q1 earnings of $0.05 per share, compared to a loss of $0.08 in the same period a year ago. Analysts polled by CapIQ expected a loss of $0.05 per share. Total revenues in the quarter ended June 30 were $8.16 billion, down from $8.54 billion in the same period a year ago and exceeded […]

Read More ˃
Johnson & Johnson Raises 2017 Sales, Profit Estimate

Johnson & Johnson Raises 2017 Sales, Profit Estimate

Johnson & Johnson, a US maker of medical devices, drugs and packaged consumer goods, posted second quarter profit that was higher than expected by Wall Street analysts, prompting it to lift its 2017 projections for sales and adjusted earnings per share. Adjusted net earnings, after an amortization expense and special items, were $5.02 billion, or $1.83 per share, compared with $4.89 billion, or $1.74 per share in the same quarter […]

Read More ˃
Facebook Shares Lower

Facebook Shares Lower

Facebook slipped more than 1% after a U.S. judge late Friday dismissed nationwide litigation accusing Facebook of tracking users’ Internet activity even after they logged out of the social media website, Reuters reported. Users complained Facebook was using cookies to track their Internet steps but the judge said the users could have taken steps to keep their activity private.

Read More ˃