Sector Specialist - Manufacturing, Reuters News
Sagarika's Feed
Mar 20, 2015

Spring break: Homebuilders confident as warm weather approaches

March 20 (Reuters) – U.S. homebuilders are gearing up for a
sharp rise in demand this spring as Americans become more
confident about keeping their jobs and are encouraged by easing
access to credit.

Several homebuilders resorted to bigger discounts to attract
buyers during last year’s spring selling season, which is to the
builders what the holiday shopping season is to retailers.

Mar 20, 2015

Simon says: Macerich offer “best and final”

By Sagarika Jaisinghani and Herbert Lash

(Reuters) – Simon Property Group Inc (SPG.N: Quote, Profile, Research, Stock Buzz), the No.1 U.S. mall owner, made what it said was its “best and final offer” for Macerich Co (MAC.N: Quote, Profile, Research, Stock Buzz) three days after its smaller rival rejected its initial proposal and adopted a poison pill takeover defense.

Simon Property raised its cash-and-stock offer for Macerich on Friday to $95.50 per share from $91.00, and said it would withdraw the offer, valued at $23.2 billion, if Macerich did not meet with the company by April 1.

Mar 20, 2015

Simon Property raises offer for Macerich to $95.50/share

March 20 (Reuters) – Simon Property Group Inc, the
No.1 U.S. mall owner, raised its offer for Macerich Co
three days after its smaller rival rejected its earlier
proposal, adopted a poison pill and changed board structure to
prevent a hostile takeover.

Simon Property raised on Friday its cash-and-stock offer for
Macerich to $95.50 per share from $91.00, and said it would
withdraw the offer, valued at $23.2 billion, on April 1 if
Macerich did not meet with the company.

Mar 17, 2015

Macerich rejects Simon Property offer, adopts poison pill

By Sagarika Jaisinghani

(Reuters) – Macerich Co (MAC.N: Quote, Profile, Research, Stock Buzz), the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc (SPG.N: Quote, Profile, Research, Stock Buzz), saying the proposal “substantially undervalues” the company.

Macerich also said on Tuesday it adopted a poison pill, or a shareholder rights plan, with a 10 percent trigger and changed its board structure to thwart a hostile takeover.

Mar 12, 2015

United Technologies CEO sees $1 billion in acquisitions in 2015

NEW YORK (Reuters) – United Technologies Corp’s (UTX.N: Quote, Profile, Research, Stock Buzz) chief executive officer said on Thursday that the company will spend $1 billion on acquisitions this year, “maybe a little bit more,” even as he eyes bigger targets.

United Technologies CEO Greg Hayes, speaking at investor day in New York where he detailed a potential split off of its Sikorsky helicopter unit, said that the acquisition climate was difficult due to high pricing.

Mar 9, 2015

Flight crew cite brake problem in Delta NYC accident -NTSB

March 9 (Reuters) – A brake problem may have caused a Delta
Air Lines Inc jet to skid off a runway at New York’s
LaGuardia Airport last week, according to testimony from the
flight’s crew, federal safety investigators said Monday.

The auto brakes were set to “max,” but the crew “did not
sense any wheel brake deceleration” before the plane crashed
into a fence, the National Transportation Safety Board said in a
statement. It added that the brake switch was found in the “max”
position during the investigation.

Mar 4, 2015

Senator Bill Nelson calls for federal probe of Lumber Liquidators

March 4 (Reuters) – U.S. Senator Bill Nelson asked three
federal agencies to investigate hardwood flooring retailer
Lumber Liquidators Holdings Inc after a report on “60
Minutes” that some of its wood flooring products had dangerous
levels of formaldehyde.

The company’s shares fell as much as 12 percent to a
two-and-a-half-year low on Wednesday.

Feb 19, 2015

Airshow – Russia confident it can sign fighter jet deal with India in 2015

BENGALURU (Reuters) – Russia is confident it can sign a long-delayed final agreement with India this year to jointly produce a new generation stealth fighter jet, the aircraft manufacturer’s president said on Thursday.

Russia and India have been haggling over the terms of the Fifth Generation Fighter Aircraft (FGFA) programme since the two countries first signed an initial contract in 2010.

Feb 19, 2015

Russia confident it can sign fighter jet deal with India in 2015

BENGALURU, Feb 19 (Reuters) – Russia is confident it can
sign a long-delayed final agreement with India this year to
jointly produce a new generation stealth fighter jet, the
aircraft manufacturer’s president said on Thursday.

Russia and India have been haggling over the terms of the
Fifth Generation Fighter Aircraft (FGFA) programme since the two
countries first signed an initial contract in 2010.

Feb 19, 2015

Sikorsky willing to supply VVIP helicopters to India

By Sweta Singh and Sagarika Jaisinghani

BENGALURU(Reuters) – Sikorsky Aircraft Corp, a unit of United Technologies Corp (UTX.N: Quote, Profile, Research), is keen to sell VVIP transport helicopters to the Indian government, a company executive told Reuters.

India cancelled a $770 million deal for 12 VVIP helicopters – used to carry high-ranking officials – with Italian defence group Finmeccanica’s (SIFI.MI: Quote, Profile, Research) AgustaWestland unit last year over a corruption scandal.

    • 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