Sector Specialist - Manufacturing, Reuters News
Sagarika's Feed
May 21, 2015

Lumber Liquidators’ troubles deepen as CEO abandons ship

May 21 (Reuters) – Lumber Liquidators Holdings Inc
said Chief Executive Robert Lynch had unexpectedly resigned,
nearly three months after a report alleged the company sourced
flooring laminates with harmful levels of a known carcinogen.

The company’s shares fell 17 percent to a more than
three-year low of $20.97 on Thursday.

May 4, 2015

XPO Logistics loss narrows; to buy Bridge Terminal for $100 million

By Sagarika Jaisinghani

(Reuters) – XPO Logistics Inc (XPO.N: Quote, Profile, Research, Stock Buzz) reported a smaller quarterly loss and struck its second deal in a week by agreeing to buy U.S.-based Bridge Terminal Transport for $100 million.

XPO said the Bridge deal would almost triple its drayage capacity – or ability to transport goods over short distances – to more than 2,000 independent owner operators, primarily on the U.S. East Coast.

Apr 29, 2015

XPO to emulate U.S. logistics success in Europe with French deal

By Sagarika Jaisinghani

(Reuters) – A conference, a home visit and a few trips to Paris brought about the marriage of U.S.-based XPO Logistics Inc (XPO.N: Quote, Profile, Research, Stock Buzz) and France’s Norbert Dentressangle SA (GNDP.PA: Quote, Profile, Research, Stock Buzz) that will allow XPO to replicate its domestic success in Europe.

The $3.53-billion deal gives XPO access to Europe’s largest truck-fleet network, made up of 7,700 owned trucks, 3,200 under contract, and 12,000 independent carriers.

Apr 29, 2015

XPO to emulate U.S. logistics success in Europe with French deal

April 29 (Reuters) – A conference, a home visit and a few
trips to Paris brought about the marriage of U.S.-based XPO
Logistics Inc and France’s Norbert Dentressangle SA
that will allow XPO to replicate its domestic success
in Europe.

The $3.53-billion deal gives XPO access to Europe’s largest
truck-fleet network, made up of 7,700 owned trucks, 3,200 under
contract, and 12,000 independent carriers.

Apr 23, 2015

Raytheon ‘really excited’ over strength of international orders

By Sagarika Jaisinghani

(Reuters) – U.S. weapons maker Raytheon Co’s (RTN.N: Quote, Profile, Research, Stock Buzz) chief financial officer said he was “really excited” about the strength of international orders, after the maker of Tomahawk and Amraam missiles reported better-than-expected quarterly sales on Thursday.

Raytheon’s bookings rose 4.1 percent in the first quarter, partly due to a $769 million order for its Patriot missiles from South Korea. Orders had fallen 5.4 percent in the fourth quarter.

Apr 22, 2015

D.R. Horton results signal return of first-time home buyers

By Sagarika Jaisinghani and Ankit Ajmera

(Reuters) – D.R. Horton Inc’s (DHI.N: Quote, Profile, Research, Stock Buzz) quarterly results gave a strong indication that first-time home buyers are finally returning to the market as home ownership in the United States becomes cheaper than renting.

This will come at a cost to the largest U.S. homebuilder’s profit margins in the short term, as its low-priced homes account for a much greater proportion of sales.

Apr 22, 2015

Boeing first-quarter profit jumps 38 percent on higher jet deliveries

By Alwyn Scott and Sagarika Jaisinghani

(Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported a 38 percent rise in first-quarter net profit, driven largely by rising production of commercial aircraft, sending shares down more than 1 percent in premarket trading.

Core earnings, which exclude pension and other costs, rose 12 percent to $1.97 per share from $1.76 a year earlier. Analysts polled by Thomson Reuters I/B/E/S expected $1.81 a share.

Apr 22, 2015

Boeing 1st-qtr profit jumps 38 percent on higher jet deliveries

April 22 (Reuters) – Boeing Co on Wednesday reported
a 38 percent rise in first-quarter net profit, driven largely by
rising production of commercial aircraft, sending shares down
more than 1 percent in premarket trading.

Core earnings, which exclude pension and other costs, rose
12 percent to $1.97 per share from $1.76 a year earlier.
Analysts polled by Thomson Reuters I/B/E/S expected $1.81 a
share.

Apr 20, 2015

Raytheon to buy cybersecurity firm Websense in $1.9 billion deal

By Sagarika Jaisinghani

(Reuters) – U.S. arms maker Raytheon Co (RTN.N: Quote, Profile, Research, Stock Buzz) is buying network security provider Websense Inc from private equity firm Vista Equity Partners LLC in a $1.9 billion deal, the latest in the fast-growing cybersecurity market.

Several companies, including Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz), Staples Inc (SPLS.O: Quote, Profile, Research, Stock Buzz), Home Depot Inc (HD.N: Quote, Profile, Research, Stock Buzz) and Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz), have been targets of high-profile data thefts over the past two years.

Apr 17, 2015

Union postpones election at Boeing South Carolina plant

By Alwyn Scott and Sagarika Jaisinghani

(Reuters) – The union trying to organize Boeing Co’s
South Carolina plant withdrew its petition for an April 22
election, citing “a toxic environment and gross violations of
workers’ lawful organizing rights.”

The decision, which delays the date for an election by at
least six months, was made after organizers for the
International Association of Machinists & Aerospace Workers
conducted home visits with more than 1,700 Boeing workers, the
union said in a statement on Friday.

    • 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
    • More from Sagarika

    • Contact Sagarika

    • Follow Sagarika