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Stock Market & Financial Investment News

News Breaks
August 7, 2014
10:20 EDTTYCTyco settles patent litigation with Ningbo
Tyco announced the resolution of pending litigation with Ningbo Signatronic Technologies. Under a settlement agreement resolving both the ITC and District Court actions, the parties have agreed that Ningbo will withdraw from the United States certain EAS label models that use these patents, and make an unspecified payment to Tyco. Consent agreements memorializing the resolution will be filed in both the ITC and District Court actions, and both actions will be terminated. All other terms of the settlement are confidential.
News For TYC From The Last 14 Days
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July 31, 2015
09:04 EDTTYCTyco sees oil, gas vertical down 15% in FY15
Management stated that cost actions and restructuring initiatives will have an immediate benefit for FY15 with carry over into FY16. Management stated that the company sees Q4 corporate expenses of approximately $55M. Sees FY15 corporate expenses of approximately $210M. Management stated that the company sees restructuring and repositioning expense to be approx. $225M in FY15. Comments provided during Q3 earnings conference call.
06:04 EDTTYCTyco narrows FY15 EPS to $2.23-$2.25 from $2.23-$2.27, consensus $2.23
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06:03 EDTTYCTyco sees Q4 EPS 60c-62c, consensus 63c
06:03 EDTTYCTyco reports Q3 EPS ex-items 59c, consensus 56c
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July 30, 2015
15:04 EDTTYCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.11... Chevron (CVX), consensus $1.16... Seagate Technology (STX), consensus 64c... Tyco (TYC), consensus 56c... Newell Rubbermaid (NWL), consensus 62c... LifePoint Health (LPNT), consensus 99c.
July 21, 2015
06:16 EDTTYCExperian divests retail intelligence business FootFall to Tyco for $60M
Experian (EXPGY) announces that it has divested its retail intelligence business, FootFall, for a cash consideration of GBP38.5M, or $60M, to Tyco (TYC), a provider of integrated retail performance and security solutions. FootFall, part of Experian’s Marketing Services business line, monitors and analyses in-store customer behaviours to help retailers and shopping centres to understand their customers better. It operates across Europe, Asia and the U.S. FootFall’s revenue for the year ended March 31 was $39M, which was included within Marketing Services.

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