MINNEAPOLIS— Arctic Cat has named as its new CEO the managing director of private investment firm Sun Capital Partners Inc.. Christopher T. Metz, 49, had been the president of Black& Decker for six years before joining Sun Capital in 2005.. Arctic Cat Inc., which makes recreational vehicles and snowmobiles, saw a 15 percent jump in revenue last year.
Oct 14- For over seven years, fund managing partners Bob Olstein and Eric Heyman have had the good fortune of investing in a number of companies that were later bought out or became targets of big-name shareholder activists. This year alone, their Olstein Strategic Opportunities Fund has seen two of its holdings targeted by activists and another six the object...
Sept 12- BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercrafts, warned that results for the rest of the year could be hurt by sanctions on Russia and a softer economy in South America. Shares of the Quebec- based company, which in March had said uncertainty in Russia would hurt demand, fell as much as 4 percent on Friday.
The Quebec- based company said strong demand for products such as the Sea-Doo Spark watercraft, Can-Am Spyder motorcycles and side-by-side off-roaders drove up seasonal product sales by 85 percent to C $259.8 million in the quarter ended July 31.
Friday's midday movers:
No matter where you put money to work, the snowmobile business presents a critical lesson for investors.
Take a look at some of Thursday midday movers:
MINNEAPOLIS-- Arctic Cat Inc. said Thursday its fiscal second-quarter net income rose 17 percent on demand for new recreational vehicles. Arctic Cat began shipping its new 2013 model year all-terrain and recreational vehicles during the quarter.
Take a look at some of Tuesday's midday movers:
The S&P small-cap 600 index reached a new high Tuesday as U.S. equities appear to be on track to close the first quarter of 2012 with their best performance since 1998.
CNBC's Brian Sullivan reports on two stocks going in opposite directions: JPMorgan turning bearish on Molycorp, and Arctic Cat shares soar on stock buyback.
In the $5 billion market for A.T.V.’s, the skyrocketing growth of Chinese imports is becoming the latest challenge for the Consumer Product Safety Commission, which is starting a global campaign to improve the safety of a product that kills more people — about 900 a year — than any of the 15,000 other products the commission regulates. The New York Times reports.