Shares of luxury-goods maker Burberry (BRBY) jumped as much as 6.5% Wednesday on speculation of a potential buy-out.
The stock rose as high 1,204 pence, putting the company’s value at 5 billion pounds ($7.9 billion), Reuters reported.
Market player…
Costco Wholesale Corp. (COST) reported earnings of 71 cents per share for the quarter ended Nov. 21, compared with 60 cents per share a year earlier.
The consolidation of the company’s joint venture in Mexico has no impact on earnings attributable to…
Fortune Brands (FO), maker of Jim Beam whisky, plans to split into three separate units.
Fortune Brands will continue to focus on its distilled spirits business, the company said in a statement. Fortune’s home and security business will be spun off i…
Blackstone Group (BX) and Chinese food company Bright Food Group plan to bid for GNC Holdings, Bloomberg News reported.
The purchase of vitamin and nutrition-supplement retail chain GNC could be announced as soon this month, Bloomberg News said witho…
When Barnes & Noble announced it was looking for a buyer, we entertained the fanciful notion that struggling rival Borders might put in a bid. As absurd as the idea was, that buyout offer has been made. Here’s why it has virtua…