Some of the names on the move ahead of the open.» Read More
*Men's Wearhouse launches hostile bid for Jos. *Ford boosts China sales, roars past Toyota and Honda. *Financial data firm Markit will report its composite Purchasing Managers Index- a weighted average of its manufacturing and services indexes- at 8:58 a.m. EST and the more widely followed Institute for Supply Management's services index is due at 10:00 a.m..
Apparel retailer Men's Wearhouse mounted a hostile bid for rival Jos. A. Bank, days after the smaller rival upped its buyout defenses.
Jan 6- Apparel retailer Men's Wearhouse Inc mounted a hostile bid for rival Jos. A. Bank Clothiers Inc with a raised offer, days after the smaller rival upped its buyout defenses. Men's Wearhouse said it offered to acquire all outstanding shares of Jos.
Jan 6- Men's Wearhouse Inc launched an unsolicited cash tender offer for shares of retailer Jos. A. Bank Clothiers Inc, after its smaller rival rejected an earlier offer. Men's Wearhouse said it had offered to acquire all outstanding shares of Jos. A. Bank for $57.50 per share, higher than its November offer of $55.
News on Apple, BlackBerry and Amazon portrays a trio of tech giants whose future will be shaped by unique catalysts.
Men's suit retailer Jos. A. Bank Clothiers said its board has unanimously rejected the $1.5 billion bid by Men's Wearhouse.
Some of Monday's midday movers:
Dec 23- Jos. A. Bank Clothiers Inc has rejected a $1.5 billion takeover offer from suit retailer Men's Wearhouse Inc, frustrating attempts by its larger rival to appease shareholder hunger for a merger. Shares in Men's Wearhouse, under pressure from activist investors to merge, fell 2 percent before the bell on Monday.
Dec 23- Men's suit retailer Jos. A. Bank Clothiers Inc said its board has unanimously rejected the $1.5 billion bid by Men's Wearhouse Inc.. Men's Wearhouse offered to buy Jos. A. Bank in November, after rejecting a takeover offer from the smaller rival.
Check out which companies are making headlines after the bell Wednesday:
With the calendar careening toward Christmas retail will be top of mind next week. What will Cramer be watching?
*Third-quarter adj earnings/share $0.51 vs est $0.49. Dec 5- Men's suit retailer Jos. A. Bank Clothiers Inc said comparable-store sales rose in November, suggesting its new strategy of offering more straight discounts rather than buy-one-get-more offers was paying off.
Dec 5- Suit and tuxedo retailer Jos. A. Bank Clothiers Inc, the target of a takeover offer from bigger rival Men's Wearhouse Inc, reported a 2 percent rise in quarterly profit as new promotions boosted total sales. Men's Wearhouse last month bid $1.5 billion for the company after Jos. A. Bank withdrew an offer to buy Men's Wearhouse.
Some of the names on the move ahead of the open.
Happy Monday. Congratulations for surviving Black Friday, a dark day indeed for humanity.
The deals are aplenty after retailers ordered too much holiday merchandise back when the economy was rosier.
By starting sales on Thanksgiving rather than Black Friday, and other strategies, retailers hope to dampen the dangerous frenzy of prior years.
*U.S. stocks struggle higher but pressured. NEW YORK, Nov 26- Stocks around the globe were under pressure and the dollar slipped on Tuesday amid renewed political tensions in the East China Sea.
U.S. stocks rose Tuesday, with the Dow and S&P headed to record finishes.
A. Bank rallies after Men's Wearhouse offer. Jos. A. Bank Clothiers Inc surged 11.2 percent to $56.24 after Men's Wearhouse offered to buy the company for $55 per share in cash. Men's Wearhouse jumped 9.9 percent to $51.73.