Tag: Reuters

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

SAN FRANCISCO – The bird is out of the cage at Twitter after a weekend of chaos following Elon Musk’s arrival on the scene as the new owner of the social media platform. Beginning on Oct. 27, Musk’s first act in his official capacity as the owner of Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and legal affairs policy chief Vijaya Gadde. Reports from both the Washington Post and Reuters seem to confirm that Musk’s team worked throughout the weekend in order plan...

BOCA RATON, Fla.—ADT said Wednesday that its second-quarter net income rose 2 percent, an increase aided by additional customers for its ADT Pulse home automation system, according to an AP report For the period that ended March 29, ADT earned $107 million, or 47 cents per share. A year earlier the company earned $105 million (44 cents per share). On an adjusted basis, however, which excludes separation-related income, the company posted earnings per share of $0.41 for the quarter, which were...

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation's largest security companies.Reuters, citing unnamed sources, reported that other possible buyout firms are the Blackstone Group LP and Ares Management LLC.Contacted...