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Ethan Allen CEO addresses investor concerns

2015-09-16 21:12:49| Furniture - Topix.net

While Ethan Allen CEO Farooq Kathwari admitted Wednesday that sales at the locally based furniture company have been relatively flat for the past few years as the company retools its product offerings, he estimated a return to the $1 billion in sales by 2017. Kathwari appeared to be fighting for the company's survival during a more than an hour and a half investors conference call held Wednesday, a day after activist investor Sandell Asset Management Corp. initiated a proxy war by nominating six board of director candidates for the annual meeting to be held in November.

Tags: allen concerns addresses investor

 

Sysco Leaders Present Three-Year Plan at Investor Day

2015-09-15 21:05:58| Food - Topix.net

At its 2015 Investor Day, Sysco Corporation senior executives today presented a three-year strategic business plan designed to improve the customer experience, enhance associate engagement and deliver strong financial results to drive shareholder value over time. "Sysco has a substantial market opportunity, a sound strategy, great people and a recent record of improving financial results," said Bill DeLaney, Sysco president and chief executive officer.

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CP Rail's century bond sale a mark of investor confidence

2015-09-10 00:37:11| Railroads - Topix.net

Canadian Pacific's bonds have benefited from the company's improved efficiency and profitability since activist investor Bill Ackman became the company's biggest shareholder in 2011 and installed a management team led by Hunter Harrison, pictured. Canadian Pacific's bonds have benefited from the company's improved efficiency and profitability since activist investor Bill Ackman became the company's biggest shareholder in 2011 and installed a management team led by Hunter Harrison, pictured.

Tags: sale mark century confidence

 

AMD announces comprehensive graphics reorganization as investor rumors swirl

2015-09-09 19:16:31| Extremetech

AMD has announced a significant reorganization of its graphics business, to streamline it and improve performance. The firm is also rumored to have picked up a new investment partner.

Tags: graphics comprehensive investor amd

 

Student investor favours IT, European and financial stocks

2015-09-05 07:39:10| Chemicals - Topix.net

Includes shares in CGI Group Inc., Agrium Inc. and Magna International Inc.; plus exchange-traded funds Vanguard FTSE Europe and Vanguard Financials. Traders work on the floor of the New York Stock Exchange in New York, U.S., on Friday, Jan. 2, 2015.

Tags: financial student european investor

 

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