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....
Rare earth elements are a mere mention in school textbooks, but as their uses in consumer goods continue to grow with the invention of new high-tech gadgets -- and as China tightens control of the market -- they've been flagging heavy interest among commodities investors. "This hot commodity play has some room...
