6:15am ET
Investing
Avon To Take Coty Bid?
Avon Products (NYSE: AVP) said it will take a week to decide whether it will negotiate a new, sweetened deal from Coty. Coty has just gotten financial support from Warren Buffett’s Berkshire…
Companies
Avon Products, Inc.
$5.60
▼ $0.05 (−0.89%) today
Markets closed · 11:34pm ET
AVP Coverage
Page 10
8:14am ET
Companies and Brands
Coty Raises Offer for Avon (AVP)
Cosmetics maker Coty Inc. has today raised its offer for Avon Products Inc. (NYSE: AVP) to $24.75/share, up another $1.50/share from its original offer. In a letter to the Avon board, Coty’s…
Paul Ausick 11:12am ET
Retail
Sears, Overstock, And Gilt Hammered In New E-Commerce Study
Sears (NASDAQ: SHLD), Overstock (NASDAQ: OSTK), and Abercrombie & Fitch (NYSE: ANF) are not particularly well-regarded as brands or particularly well-liked by Wall St. Perhaps coincidentally, each shows up near the bottom…
7:46am ET
Companies and Brands
Avon’s Credit Barely Stays at Investment Grade (AVP)
Shares of Avon Products Inc. (NYSE: AVP) have closed lower each of the last three days following the company’s extremely weak first quarter results. The door-to-door cosmetics firm took another couple of…
Paul Ausick 2:15pm ET
Companies and Brands
Big Avon Options Bet (AVP)
Avon Products Inc. (NYSE: AVP) is a controversial stock in all aspects. While some were hoping that buyout interest would remain and head higher, many are hoping that former CEO Andrea Jung…
Jon C. Ogg 9:15am ET
Companies and Brands
Estée Lauder Falls on Lowered Guidance, Avon Up on Reports of Another Bidder (EL, AVP)
Cosmetics maker The Estée Lauder Companies Inc. (NYSE: EL) reported results for its third fiscal quarter this morning that met expectations, but shares are getting knocked on lowered fourth quarter guidance. Adjusted…
4:03pm ET
Investing
24/7 Wall St. Closing Bell (WPI, AZN, ANF, SPWR, YGE, COST, MERU, ACI, VECO, PBY, ADM, CPO, AVP, DPZ, PFE, VLO, ABX, JDSU, MRO, FSLR, V, PFCB, DAL, CHK)
The major US stock indexes opened flat this morning but started to move higher following the better-than-expected ISM report on manufacturing (our coverage here). Construction spending in the US was a bit…
8:32am ET
Investing
Stock Upgrades And Downgrades
Canaccord maintains its buy rating on Hologic (NASDAQ: HOLX) after it announced a buyout of Gen-Probe for $3.7. Canaccord also reiterated its buy rating on Watson Pharmaceuticals (WPI: NYSE) Goldman Sachs upgraded Community Health Systems (NYSE:…
6:37am ET
Media
Media Digest (4/23/2012) Reuters, WSJ, NYT, FT, Bloomberg
Nestle to buy Pfizer’s (NYSE: PFE) baby food operation for $11.9 billion. (Reuters) China’s factory output rises slightly in March, but still not at levels of expansion. (Reuters) Vodafone (NASDAQ: VOD) buys…
6:46am ET
Media
Media Digest (4/17/2012) Reuters, WSJ, NYT, FT, Bloomberg
Argentina may take control of huge energy company YPF. (Reuters) Spanish debt costs continue to rise. (Reuters) The International Monetary Fund will try to raise $400 billion, much less that previously planned. (Reuters)…
8:31am ET
Companies and Brands
Avon Nabs CEO from J&J (AVP, JNJ)
The board of directors of Avon Products Inc. (NYSE: AVP) have named Sherilyn McCoy as the company’s new CEO. McCoy has spent virtually her entire professional career with Johnson & Johnson (NYSE:…
6:52am ET
Investing
Media Digest (4/3/2012) Reuters, WSJ, NYT, FT
Apple’s (NASDAQ: AAPL) iPad is the number one tablet PC in a new Consumer Reports survey. (Reuters) CEO pay jumps for last year as stock options rise. (Reuters) Avon (NYSE: AVP) turns…
8:53am ET
Investing
Avon Calls $10 Billion Buyout Offer “Opportunistic” (AVP)
Cosmetics maker Avon Products Inc. (NYSE: AVP) has rejected a hostile takeover offer of $23.25/share from privately held Coty Inc. The offer values Avon at around $10 billion. Calling the offer “opportunistic…
Paul Ausick 6:22am ET
Investing
Media Digest (3/30/2012) Reuters, WSJ, NYT, FT, Bloomberg
Eurozone officials will increase the size of the funds to create “firewalls” around financially troubled nations. (Reuters) Research In Motion’s (NASDAQ: RIMM) CEO says the firm’s struggles will continue as more management…
6:53am ET
Investing
Should Boards Spy on Their CEOs?
The Wall Street Journal reports that the board of Sprint-Nextel (NYSE: S) oversees many of the moves of CEO Dan Hesse. Is it any wonder? Sprint has not had much financial success under…