New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:06 EDTAVPAvon sees comments on Venezuelan currency devaluation
The Venezuelan government has announced its intention to devalue its currency by approximately 32%. Although no official rules have been issued, the official exchange rate is expected to change from 4.30 Bolivars to the U.S. dollar to 6.30 Bolivars to the U.S. dollar, effective February 13, 2013, and the regulated SITME market will be eliminated. Based on a preliminary analysis, Avon anticipates the following impacts, both of which will be excluded for purposes of calculating adjusted Non-GAAP results during 2013: One time after tax loss estimated to be approximately $50M in the first quarter of 2013, primarily reflecting the write-down of monetary net assets and deferred tax benefits; Estimated charges of approximately $50M associated with the historical cost in U.S. dollars of non-monetary assets, such as inventory, primarily during the first half of 2013.
News For AVP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
10:01 EDTAVPOn The Fly: Analyst Initiation Summary
Subscribe for More Information
December 17, 2014
17:22 EDTAVPAvon Products confirms FCPA settlement with DOJ and SEC
Subscribe for More Information
16:54 EDTAVPSEC charges Avon with FCPA violations
The SEC charged global beauty products company Avon Products with violating the Foreign Corrupt Practices Act, FCPA by failing to put controls in place to detect and prevent payments and gifts to Chinese government officials from employees and consultants at a subsidiary. Reference Link
16:29 EDTAVPAvon Products initiated with a Neutral at Piper Jaffray
Subscribe for More Information
15:11 EDTAVPAvon China unit pleads guilty to end bribery probe, Bloomberg says
Subscribe for More Information
December 11, 2014
07:49 EDTAVPThe New York Times to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use