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LG Signature raises bar for premium appliances

2016-03-28 11:40:37| Electronics - Topix.net

LG Electronics on Monday launched its ultra-luxury appliance brand, LG Signature, in Korea before its planned debut in the U.S. and Europe. Combining the best design and functions, the Korean tech giant showed confidence in raising the standards in the soaring premium home appliance market.

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First Eagle Investment Raises Stake in Synchrony Financial

2016-03-24 14:43:05| Railroads - Topix.net

First Eagle Investment reduced its stakes in well-known pharmaceutical and technology companies in the fourth quarter, but its biggest transaction was the addition of 10,445,237 shares to its existing stake in Synchrony Financial , a Stamford, Connecticut-based financial services company. First Eagle paid an average price of $31.32 per share in a deal that had a 0.79% impact on First Eagle's portfolio.

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Drillisch raises dividend after strong 2015 results

2016-03-24 10:30:00| Telecompaper Headlines

(Telecompaper) German operator Drillisch reported service revenue for 2015 up 52.4 percent to EUR 433.7 million and EBITDA up 23.9 percent to EUR 105.6 million. The results is in line with its earlier increased forecast for EBITDA of EUR 105 million. The company also boosted its dividend to EUR 1.75 per share. It ended the year with 2.587 million customers at its MVNOs, up by 659,000 or 34.2 percent from a year ago. Drillisch said the growth came mainly in the "highly profitable" budget segment, where it added 721,000 customers for a total 1.932 million. The number of subscribers in the lower-margin volume segment declined to 655,000 from 717,000 at the end of 2014. Drillisch confirmed its EBITDA target for 2016 of EUR 115-120 million. 

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Heineken raises stake in India's United Breweries to 43 pct

2016-03-23 20:06:31| Beverages - Topix.net

Heineken NV has raised its holding in India's largest brewer United Breweries Ltd to 43 percent by buying 24 million euros worth of additional shares on Wednesday, a spokesman for the Dutch brewer said. Heineken, which bought a 37.5 percent stake in United Breweries in 2008 through its takeover of Scottish & Newcastle, previously owned 42.2 percent of the maker of Kingfisher beer.

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Credit Suisse Raises Steel Dynamics, Inc. (STLD) Price Target to $27.00

2016-03-23 12:07:32| Steel - Topix.net

The brokerage currently has an "outperform" rating on the stock. Credit Suisse's target price would indicate a potential upside of 21.84% from the company's previous close.

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