Business

Morningstar to Acquire Ratings Agency DBRS for $669 Mln

Morningstar (MORN) said Wednesday it has agreed to acquire credit ratings agency DBRS for $669 million. The addition of DBRS to Morningstar Credit Ratings’ US business is expected to expand its global asset class coverage and provide an enhanced platform for providing investors with fixed-income analysis and research, Morningstar said. […]

Capri Shares Slump 10% Pre-Bell on Downbeat Outlook

Capri Holdings (CPRI ), whose luxury fashion brands include Jimmy Choo and Michael Kors, said Wednesday fiscal Q4 adjusted earnings were $0.63 per share, unchanged from the prior-year period and higher than the $0.61 earnings-per-share estimate provided by Capital IQ. Revenue for the quarter ended March 30 was $1.34 billion, […]

Canada Goose Q4 Tops Street on EPS, Misses on Revenue

Canada Goose (GOOS, GOOS.TO) is down more than 14% in pre-market trading as the luxury apparel retailer posted fiscal Q4 adjusted earnings of CAD0.09 ($0.07) per share, flat with CAD0.09 in the same period a year ago and exceeding the estimate of CAD0.05 from analysts polled by Capital IQ. For […]

S&P 500, Nasdaq Set Closing High Records as Stocks End Week With Gains

The S&P 500 and Nasdaq Composite Index ended the week at record closing highs as stocks gained Friday after higher-than-expected economic growth data and a mixed bag of earnings reports. The S&P 500 and Nasdaq eclipsed the records they set Tuesday with a modest advance on Friday. The S&P 500 […]