On Friday Cliffs said that it offered Casablanca the opportunity to appoint two independent directors to its 11- member board and a third mutually agreed-on board member to be named in the future. Cliffs said it tried to reach a settlement with Casablanca in order to avoid a "costly and distracting" proxy contest.
NEW YORK-- Revlon moved to a loss in its fourth quarter, pulled down mostly by charges tied to its exit from China. Revlon announced in December that it was leaving China and cutting 1,100 jobs as part of a cost-cutting measure. Revlon said that exiting China would save it $11 million a year.
Moelis& Co. intends to list its shares on the New York Stock Exchange under the ticker symbol "MC."
NEW YORK-- Minerals Technologies is boosting its offer for Amcol International again, as bidding for the minerals and oilfield services company heats up. On Wednesday Minerals Technologies Inc. which produces both mineral and synthetic mineral products, increased its bid for Amcol to $42.50 per share, or approximately $1.38 billion, from $42 per share.
NEW YORK-- Martha Stewart Living reported surging fourth-quarter profits and revenue did not decline as quickly as expected as the media and merchandising company winds down some of its publications. Martha Stewart Living earned $7 million, or 12 cents per share, up from $1.1 million, or 2 cents per share, in the same quarter the year before.
Jan 22- Coach Inc's sales in North America fell sharply during the key holiday quarter as the handbag maker continued to lose customers to fast-growing rivals. The New York company, known for its Poppy handbags, on Wednesday reported a 13.6 percent decrease in comparable-store sales in North America.
Jan 22- Coach Inc's sales in North America during the key holiday quarter fell more than the handbag maker had forecast as new rivals continued to eat away at its market lead and fewer shoppers came into its stores.
Check out which companies are making headlines after the bell Thursday:
NEW YORK-- Hess Corp. nearly doubled its third quarter profits as the company resumed operations in Libya and ramped up production in giant Bakken shale play. The New York company breezed past Wall Street expectations and shares rose 4 percent in early trading.
NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.
NEW YORK-- Travelzoo's third-quarter net income fell 42 percent due to declining sales on its airline search site.
NEW YORK-- Blackstone Group LP said Thursday that it returned to a profit in the third quarter as fees jumped. The New York company reported net income of $128.8 million, or 24 cents per common union, in the July-September quarter, compared with a loss of $274.6 million, or 56 cents per unit, a year earlier.
Travelers Cos. said Thursday that its net income jumped to $864 million, or $2.21 per share, for the three months ended Sept. 30. That compares with net income of $333 million, or 79 cents per share, in the same period last year. Investors sent shares in the New York company up $2.45, or 3.4 percent, to $73.83 in afternoon trading.
LOS ANGELES-- American Express Co. said Wednesday that its net income rose 1 percent in the third quarter, aided by lower expenses and increased spending by the credit card issuer's customers. In the second quarter, American Express' revenue grew 5 percent from a year earlier.
NEW YORK-- Advertising and marketing company Omnicom Group Inc. reported nearly flat earnings and revenue compared with a year earlier, as U.S. revenue grew but international revenue declined. Omnicom had fewer outstanding shares in the latest quarter, which increases earnings per share. He rates Omnicom "Hold" with a target price of $45.
NEW YORK-- Delcath Systems Inc. says its potential treatment for a form of liver cancer has been accepted by the Food and Drug Administration for a standard review. Delcath submitted its application on Aug. 15. Shares of Delcath fell 22 cents, or 10.5 percent, to $1.87 in premarket trading Monday.
NEW YORK-- Travelzoo's stock dropped to the lowest level in more than two years on Friday as the online travel company predicted that its third-quarter profit would shrink about 40 percent from a year ago. Travelzoo faces tough competition from other online travel companies such as Expedia Inc. and Priceline.com Inc..
NEW YORK-- MetLife rolled out an asset management business focused on real estate and private-placement debt, hoping to draw yield-starved institutional investors to areas where it already has considerable experience.
The company said Tuesday that Tommy Hilfiger is doing particularly well in North America and that its planned turnaround of the Heritage Brands wholesale businesses is going better than expected. For the third quarter, PVH Corp. now anticipates adjusted earnings of $2.28 to $2.30 per share.
NEW YORK-- Shares of Goldman Sachs Monday rose after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.