Cooper Industries plc (NYSE:CBE): Eaton Corporation and Cooper Industries plc have announced a definitive agreement that has Eaton acquiring Cooper in a transaction that will significantly increase the capabilities and geographic reach for the newly combined company’s power management portfolio and electrical business.
Shares of Cooper Industries plc are trading 26.16% higher today.
Lowe’s Companies, Inc. (NYSE:LOW): After announcing its first quarter earnings, the company said it expects to realize the lower cost of goods and sales benefits of assortments in the second quarter. Financial benefits of value improvement will begin to accrue in the second half of 2012 and fiscal year 2013. Lowe’s also forecasts earnings per share this year between $1.73-$1.83 while the consensus is $1.87. It also see revenue growth at one to two percent with a consensus of $50.94 billion. On a 52 vs. 52 week basis, total sales are expected to increase approximately three percent.
Shares of Lowe’s Companies, Inc. are trading 9.52% lower today.
Tech Data Corp (NASDAQ:TECD) attributes its sales decline on a year-over-year basis to a number of factors: the fiscal 2013 change in presentation of vendor warranty services and some fulfillment contracts, Brazil and Colombia’s exits at the end of the year, general market conditions and its selective approach to capturing profitable market share.
Shares of Tech Data Corp are trading 3.48% higher today.
Campbell Soup Company (NYSE:CPB): In its third quarter earnings report, the company saw sales for Global Baking and Snacking rise three percent. The company said of its disappointing quarter, “We continued to advance our strategies to stabilize and then profitably grow North America soup and simple meals, expand our international presence and continue to drive growth in healthy beverages and baked snacks. Although overall sales trends are improving, we are not satisfied with our performance this quarter. As planned, we focused our marketing efforts on increasing advertising and consumer promotion. We executed well in some businesses, delivering solid sales growth in U.S. Beverages, Pepperidge Farm and Canada. We did not execute as well in others.”
Shares of Campbell Soup Company are trading 1.77% lower today.
DaVita Inc. (NYSE:DVA) and HealthCare Partners, the country’s largest operator of medical groups and physician networks, announced a definitive merger agreement. The companies expect to close the transaction early in the fourth quarter.
Shares of DaVita Inc. are trading 0.06% higher today.
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