News Formal

Earnings ahead, Tapestry-Capri deal blocked - what's moving markets

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Earnings ahead, Tapestry-Capri deal blocked - what's moving markets

Investing.com -- US stock futures were muted on Friday as investors assessed a string of corporate earnings and looked ahead to more quarterly results. A US judge blocks a multi-billion dollar merger between luxury groups Tapestry pledges to cut costs after the luxury carmaker reported a steep drop in profits due largely to soft demand in China.On Thursday, the S&P 500 rose by 12 points or 0.2% and the Nasdaq advanced by 139 points or 0.

Following an eight-day trial in New York, Judge Jennifer Rochon ruled in favor of the Federal Trade Commission's call to pause the deal so it can run its own official proceedings. The decision"underscores the huge regulatory pressures facing Corporate America when it comes to M&A with the aggressive antitrust policies at the current FTC/," analysts at Vital Knowledge said.Third-quarter income at Mercedes-Benz more than halved, with the German luxury carmaker highlighting"challenging times" marked by a slumping electric vehicle sales and weak demand in China.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 450. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Earnings ahead, Tapestry-Capri deal blocked - what's moving marketsEarnings ahead, Tapestry-Capri deal blocked - what's moving markets
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent CapriThe owners of Coach and Michael Kors, Tapestry and Capri, saw their proposed merger blocked after the FTC sued to stop the deal.
Källa: NBCLA - 🏆 319. / 59 Läs mer »

Capri plunges after US Judge blocks $8.5B merger deal with TapestryCapri plunges after US Judge blocks $8.5B merger deal with Tapestry
Källa: Investingcom - 🏆 450. / 53 Läs mer »

FTC Blocks Tapestry’s $8.5B Acquisition of CapriThe government’s court victory pauses the deal, which was set to put Michael Kors, Coach and Kate Spade under the same corporate umbrella.
Källa: wwd - 🏆 24. / 68 Läs mer »