Sector Specialist - Manufacturing, Reuters News
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Aug 25, 2015

Toll narrows home sales forecast as revenue misses estimates

Aug 25 (Reuters) – Toll Brothers Inc, the largest
U.S. luxury homebuilder, reported lower-than-expected
third-quarter revenue as a lull in demand last year meant that
it handed over fewer homes in the quarter, and the company
narrowed its 2015 home sales forecast.

Shares of Toll Brothers, which builds homes that can cost
upward of $2 million, fell as much as 2.6 percent in early
trading on Tuesday.

Aug 25, 2015

Toll narrows home sales forecast as revenue misses estimates

Aug 25 (Reuters) – Toll Brothers Inc, the largest
U.S. luxury homebuilder, reported lower-than-expected
third-quarter revenue as a lull in demand last year meant that
it handed over fewer homes in the quarter, and the company
narrowed its 2015 home sales forecast.

Shares of Toll Brothers, which builds homes that can cost
upward of $2 million, fell as much as 2.6 percent in early
trading on Tuesday.

Aug 13, 2015

Musk to invest $20 million in Tesla’s $500 million share sale

By Sagarika Jaisinghani and Arunima Banerjee

(Reuters) – Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company’s $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash.

Tesla said on Thursday it would use the proceeds from the sale to help fund its upcoming Model 3 project and its battery gigafactory in Nevada. (bit.ly/1TuIQJa)

Aug 13, 2015

Musk to invest $20 mln in Tesla’s $500 mln share sale

Aug 13 (Reuters) – Tesla Motors Inc CEO Elon Musk
will invest $20 million as part of the company’s $500 million
stock offering in a show of confidence at a time when the
electric car maker is burning through cash.

Tesla said on Thursday it would use the proceeds from the
sale to help fund its upcoming Model 3 project and its battery
gigafactory in Nevada. (bit.ly/1TuIQJa)

Aug 10, 2015

After biggest deal, Buffett says big buys off table for a year

By Sagarika Jaisinghani and Sweta Singh

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) said it would buy aerospace parts maker Precision Castparts Corp (PCP.N: Quote, Profile, Research, Stock Buzz) in a $37.2 billion deal, its biggest ever, taking it out of the market for another big acquisition for now.

The deal, which eclipses Berkshire’s $26.5 billion purchase of Burlington Northern Santa Fe railroad in 2010, extends Buffett’s push into the industrial and aerospace sectors.

Aug 5, 2015

XPO Logistics revenue doubles after Norbert Dentressangle buy

By Sagarika Jaisinghani

(Reuters) – XPO Logistics Inc’s (XPO.N: Quote, Profile, Research, Stock Buzz) quarterly revenue doubled, boosted by its purchase of France-based Norbert Dentressangle SA and an increase in trucking capacity in the United States.

The company, which is on track to hit a revenue run-rate of $9.5 billion this year, said on Wednesday it targets about $23 billion in revenue by 2019.

Aug 5, 2015

Video streaming, Batman drive Time Warner’s profit beat

By Sagarika Jaisinghani

(Reuters) – Time Warner Inc’s quarterly profit blew past analysts’ estimates, helped by a deal with video-streaming service Hulu and the release of “Batman: Arkham Knight” and “Mortal Kombat X” videogames.

However, Time Warner’s shares were down about 3 percent in premarket trading on Wednesday after the company left its 2015 earnings forecast unchanged.

Jul 31, 2015

UPS bolsters full-truckload business with $1.8 billion deal

By Sagarika Jaisinghani

(Reuters) – United Parcel Service Inc (UPS.N: Quote, Profile, Research, Stock Buzz) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.

Coyote Logistics connects customers to its network of more than 35,000 trucking operators in North America and caters to the food and beverage, consumer goods, paper and packaging, industrial as well as retail markets.

Jul 30, 2015

Flying through Dallas: Virgin America CEO says worst is over

By Sagarika Jaisinghani

(Reuters) – Virgin America Inc (VA.O: Quote, Profile, Research, Stock Buzz), a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting.

Shares of the airline, which took to the skies in 2007, rose as much as 10 percent to a four-month high of $32.87 after it also reported a better-than-expected second-quarter profit.

Jul 14, 2015

U.S. safety agency probes airbag inflators from ARC Automotive

By Sagarika Jaisinghani

(Reuters) – U.S. safety regulators said they were investigating airbag inflators made by ARC Automotive Inc for rupture, the second company to be probed for defective airbags after Japan’s Takata Corp.

The ARC probe will cover airbags in about 420,000 Fiat Chrysler Town and Country minivans from model year 2002, and 70,000 Kia Optima midsize sedans from model year 2004, the National Highway Traffic Safety Administration (NHTSA) said in documents posted on its website on Tuesday. (1.usa.gov/L6b9wg)

    • About Sagarika

      "Sagarika Jaisinghani leads a team that reports on publicly listed small- and mid-cap manufacturing companies in the United States. She is based in Bangalore, where she has covered U.S. homebuilders, auto parts makers, for-profit education providers and transport companies. She has a Master’s degree in international journalism from Cardiff University and has lived in London, Wales and Bangalore. She spends most of her spare time pampering her five-year old Beagle, Arrow."
      Joined Reuters:
      January 2012
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