VF Corp
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Some of the names on the move ahead of the open.
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*JP Morgan raises price target to $195 from $175; rating overweight. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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MUMBAI, May 5- Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
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MUMBAI, May 5- Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
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*Credit Suisse raises target price to $188 from $182; rating outperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Stifel raises target price to $190 from $184; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*UBS raises price target to $191 from $170; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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**PFIZER INC, Thursday close $30.26, down 3 pct premarket. **APPLE INC, Thursday close $408.38, down 0.3 pct premarket. Samsung Electronics Co Ltd grabbed more smartphone market share from arch rival Apple in the latest quarter, with sales of its phones jumping to account for one third of the global market, research firm IDC said.
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*First-quarter earnings per share $2.43 vs est $2.19. April 26- VF Corp, known for its flagship clothing brands The North Face and Vans, reported a better-than-expected first-quarter profit as margins rose to a record high, and the company raised its earnings forecast for 2013..
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April 26- VF Corp, known for its flagship clothing brands The North Face and The Vans, reported a 26 percent increase in first-quarter profit, helped by better margins. The company said net income rose to $270.4 million, or $2.41 per share, from $215.2 million, or $1.91 per share, a year earlier. On an adjusted basis VF earned $2.43 per share.
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Even though it's more history than not, first quarter GDP is the number traders will be watching Friday for what it might say about the current slowdown that began in March.
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COMPANIES Q1 2013 Chevron CVX Q1 2013 Goodyear Tire& Rubber GT.O Q1 2013 American Electric Power AEP Q1 2013 AbbVie Inc ABBV Q1 2013 Aon plc AON Q2 2013 D.R. Horton DHI Q1 2013 DTE Energy Company DTE Q1 2013 FLIR Systems, Inc. FLIR.O Q1 2013 National Oilwell Varco NOV Q1 2013 Simon Property Group, Inc. SPG Q2 2013 Tyco International TYC Q1 2013 VF CORP VFC Q1 2013 Ventas VTR Q1 2013 Weyerhaeuser Co. WY MACRO DATA 0600 DE Import Prices 0645 FR Consumer Confidence 1230 US Real GDP Adv Q1 1230 US PCE Price 1355 US Reuters/Univ Mich 1430 US ECRI Weekly Reuters messaging rm:// atul.prakash.thomsonreuters.com@reuters.net.
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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The "Talking Squawk" blog is meant to be a funny, sarcastic look at business news through the unique "Squawk Box" lens. But it was difficult to think about anything from that viewpoint this week.
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April 15- Winter clothing maker Canada Goose Inc has appointed investment bank Canaccord Genuity to explore options and perhaps tempt new investors as demand soars for its fashionable cold-weather gear, sources familiar with the situation said. Industry sources said the fast-growing Toronto- based company might consider an outright sale.
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Shares of the surfwear maker fell as much as 30 percent on Wednesday after the struggling surfwear maker said it was in talks over a takeover proposal valuing it 45 percent lower than indicative offers.
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SYDNEY, April 9- Australian surfwear company Billabong International Ltd will enter 10 days of exclusive talks with a consortium led by its former U.S. boss after the group cut its indicative takeover proposal by 45 percent to $300 million.
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SYDNEY, April 9- Australia's Billabong International Ltd said on Tuesday a consortium led by its former U.S. boss, Paul Naude, had cut its takeover bid for the struggling surf wear company by 45 percent to $300 million.
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SYDNEY, April 5- Revised takeover offers for Australia's Billabong International Ltd have come in considerably lower than indicative bids, with the highest valuing the struggling surwear firm at only A $287 million, the Australian Financial Review reported on Friday.
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Billabong has received offers from a consortium comprised of private equity firm Altamont Capital Partners and U.S. clothing group VF Corp and another group led by Billabong's former U.S. boss Paul Naude and private equity firm Sycamore Partners.
