Synopsys Plans Repatriation Up To $850 Mln Of Offshore Cash

Synopsys Plans Repatriation Up To $850 Mln Of Offshore Cash

Synopsys (SNPS), in the electronic design automation sector, reported Monday it plans to repatriate $775 million to $850 million of cash held offshore in Q4, and will take one-time charges as a result. Synopsys said non-GAAP expected earnings are not affected. On GAAP earnings, the company said it now expects a Q4 loss of $0.71 to $0.91 a share, compared with the previous estimate of a gain of $0.26 to […]

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Buffalo Wild Wings Sees More Fantasy Draft Parties, Strong Takeout Sales, OTR Global Says

Buffalo Wild Wings Sees More Fantasy Draft Parties, Strong Takeout Sales, OTR Global Says

More fantasy football draft parties year-over-year has increased engagement in Buffalo Wild Wings (BWLD) Blazin’ Rewards program and strong takeout sales have been aiding trends at the restaurant chain, OTR Global said. The firm’s read on the company remains mixed as mid-third quarter traffic for televised sporting events that will meet plan for eight of nine managers. August year-over-year sales are stronger versus July for six of the nine managers. […]

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Cedar Realty Trust Commences Preferred Stock Offering

Cedar Realty Trust Commences Preferred Stock Offering

Cedar Realty Trust has commenced an offering to sell series C cumulative redeemable preferred stock through an underwritten public offering. The company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares initially sold to the public. The proceeds will be used to partially redeem the company’s 7.25% series B cumulative redeemable preferred stock. Pending such use, the net proceeds will be […]

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Dominion Resources Buys Two Solar Generating Facilities

Dominion Resources Buys Two Solar Generating Facilities

Dominion Resources said Thursday it has acquired two 5-megawatt solar generating facilities and plans to purchase two other solar farms totaling approximately 10 megawatts later in Q3 from subsidiaries of Chapel Hill, North Carolina-based Strata Solar. “With these acquisitions, Dominion Energy is well on its way to bringing into service more than 700 megawatts of solar energy in North Carolina and Virginia by the end of 2018,” said Keith Windle, […]

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CalAtlantic Unit Starts Homebuilding Operations in Seattle

CalAtlantic Unit Starts Homebuilding Operations in Seattle

CalAtlantic Homes, a homebuilder and a unit of CalAtlatic Group, said pre-market Tuesday it has begun homebuilding operations in Seattle, Washington, through its acquisition of the homebuilding operations of Seattle-based developer and homebuilder Oakpointe LLC. As a result of the deal, CalAtlantic now owns and controls over 1,750 homesites in 19 future communities, 7 of which are expected to be actively selling by February. In connection with the land acquisition, […]

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U.S. Stocks Drop As Investors Question Whether Trump Can Deliver on Tax Cuts

U.S. Stocks Drop As Investors Question Whether Trump Can Deliver on Tax Cuts

U.S. stocks were lower at mid-day as President Donald Trump’s failure to deliver on his health care reform package sparked worries he may have trouble delivering on other campaign promises to ignite the economy. European and Asian stocks also closed lower on the failed health care bill. Investors are now growing skeptical of Trump’s plans for tax cuts and fiscal stimulus, including infrastructure spending, as well as solidarity among Congressional […]

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Man Group Posts 2016 Loss on Fee Decline, Writedowns

Man Group Posts 2016 Loss on Fee Decline, Writedowns

Man Group (EMG.L), a UK hedge fund manager, posted a pretax loss for 2016 after a profit in the previous year as “unforgiving” market conditions in the first nine months eroded performance fee revenue and the company took impairment charges at some of its funds. Statutory loss before tax was $272 million in 2016 compared with pretax profit of $184 million in 2015, the company said on Wednesday on its […]

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