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November 5, 2012
09:44 EDTSODA, LCUT, PRMWPrimo Water, Cuisinart sign deal to market sparkling beverage appliances
Primo Water Corporation (PRMW) and Cuisinart, a brand of Lifetime Brands (LCUT), announced earlier that the companies have signed a three-year sales, distribution and licensing agreement. Under the terms of the agreement, Cuisinart will market and sell Primo Water's existing line of sparkling beverage appliances and related consumables in North America, and Primo will supply CO2 cylinders for Cuisinart's new proprietary line of sparkling beverage makers. The Fly notes that SodaStream (SODA), which markets home beverage carbonation systems and related products, is down about 2.5% to $35.58 in early morning trading following the announcement from Primo and Cuisinart.
News For PRMW;LCUT;SODA From The Last 14 Days
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February 25, 2015
11:52 EDTSODASodaStream drops sharply after results, hits fresh life low
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09:08 EDTSODAOn The Fly: Pre-market Movers
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08:54 EDTSODASodaStream says Q4 was 'particularly challenging' in U.S.
Says "confident" that growth plan will put company on profitable growth trajectory. Says Q4 was "particularly challenging" for company in the U.S. Says starting to see recovery in Japanese market. Says will take time for initiatives to gain traction. Comments made on the Q4 earnings conference call.
07:32 EDTSODASodaStream recorded charges of $15.6M in Q4 as part restructuring plan
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07:31 EDTSODASodaStream reports Q4 adjusted EPS 35c, consensus 18c
Reports Q4 revenue $126.53M, consensus $127.09M
06:32 EDTSODASodastream weekly volatility elevated into Q4 and outlook
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February 23, 2015
16:11 EDTLCUTLifetime Brands to acquire Reed & Barton
Lifetime Brands announced that it has entered into an asset purchase agreement to acquire the operating assets and to assume certain liabilities of Reed and Barton Corporation, which has filed for bankruptcy protection. The agreement provides that Lifetime will purchase the assets pursuant to Section 363 of the United States Bankruptcy Code. The transaction is subject to a number of conditions, including completion of an auction process and bankruptcy court approval. In addition, the company announced that it has amended its bank credit agreement. The amendment provides for a more gradual reduction in the permitted maximum senior leverage ratio, beginning March 31, 2015, than previously was the case. The amendment also revises the definition of EBITDA to exclude expenses incurred in respect of a financing that the Company chose not to complete due to adverse market conditions and the acquisition of Reed & Barton, if not completed. The amendment also includes clarifying language as to the exclusion of potential earn-out payments related to certain completed acquisitions. The amendment will be filed today on Form 8-K.
12:37 EDTSODASodaStream not a likely target of PepsiCo, NY Times says
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February 20, 2015
11:51 EDTSODASodastream weekly volatility elevated at 106 into Q4 and outlook
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