Lear Corp. shares tumbled late Wednesday after the automotive parts supplier said it planned to restructure in bankruptcy, and shares of Illumina Corp. sank after the company cut its quarterly revenue forecast. Lear (US:LEA) shares fell 35% to 31 cents in heavy trading of more than 2.8 million shares exchanged. The...
Lear Corp. (US:LEA) said late Wednesday it plans to file for Chapter 11 bankruptcy protection and will restructure its debt under court supervision. The automotive parts company also secured $500 million in debtor-in-possession financing from a group led by J.P. Morgan and Citigroup. Lear's subsidiaries outside...
Among the companies whose shares are expected to see active trade in Thursday's session are Acuity Brands Inc., Illumina Inc., and Beazer Homes USA Inc. Acuity Brands Inc. (US:AYI) is expected to report fiscal third-quarter earnings of 57 cents a share, according to analysts surveyed by FactSet Research. After ...
Pre-open movers U.S. stock market futures extended earlier losses Thursday after the government reported a bigger-than-expected decline in nonfarm payrolls. See Indications. Global markets European shares declined, with mining stocks among the fallers, as the European Central Bank left its key interest rate unchanged...
Shares of the following companies were among those making notable moves in the U.S. stock market Monday: Advancers Lear Corp. rose 25% to 29 cents. The automotive-parts maker plans to restructure about $2.3 billion in debt under a proposed bankruptcy, according to a filing with the Securities and Exchange Commission Monday....
