A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.» Read More
As governments crack down on tax-driven profit-shifting, the IRS is asserting that a loan used by Illinois Tool to bring foreign cash from a Bermuda- based subsidiary into the United States was not a tax-free transaction. Instead, the IRS argues that the transaction was a repatriation of foreign profits equivalent to a taxable dividend-style distribution.
Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's Corp all in the past week reported strong results from their China operations.
April 22- Illinois Tool Works Inc posted better-than-expected results on Tuesday, and raised its full-year earnings forecast, citing strong sales of components to the auto industry.
NEW YORK, Feb 27- General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday. Wayne was part of Dresser Inc, the energy infrastructure company that GE bought in 2010 for $3 billion.
NEW YORK/ LONDON, Feb 7- Swiss industrial conglomerate ABB Ltd is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core businesses.
NEW YORK, Feb 6- Carlyle Group LP has agreed to buy Illinois Tool Works Inc's industrial packaging unit for $3.2 billion, the private equity firm's latest acquisition of a large unit being carved out of conglomerates.
Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.
NEW YORK, Feb 6- nPrivate equity firm Carlyle Group LP is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, and could announce the deal as soon as Thursday, people familiar with the matter said.
NEW YORK, Feb 6- Illinois Tool Works Inc is nearing a deal to sell its industrial packaging unit for more than $3 billion, with buyout firms Carlyle Group LP and Onex Corp competing in the final stretch of the auction, people familiar with the matter said. It could not be learned, however, if Illinois Tool Works has granted exclusivity to either bidder.
Federal Reserve Chairman Ben Bernanke presides over his final meeting this week and already markets are putting his successor to the test.
Some of the names on the move ahead of the open.
Corporate America's third quarter report card is not great, but it's good enough to keep stocks moving higher.
It looks like the market is stalling, said Cramer. What, if anything, can drive it higher?
While there is not yet a "Great Rotation" out of bonds and into stocks, there is certainly a 'mini-rotation.' But into...what?
Dozens of company earnings are due on Tuesday, including Dupont, UPS, Lockheed Martin and AT&T, but none are as anticipated as Apple's.
The "Fast Money" traders share their final trades of the day.
Good day for earnings, big industrials leave full-year guidance unchanged.
The earnings train is about to leave the station, with reports due Tuesday from three Dow components, some transportation names and Apple.
Good news to see some cyclicals (Materials, Energy, Tech) trading up; not good to see all 20 Dow Transports down earlier in the day.
A spring swoon? Over the weekend, there was a lot of chatter about whether this was the start of a more serious market correction.