Financial News

  • US Unemployment Rate Drops

    US Unemployment Rate Drops

    May 3, 2013
    Economy adds 165,000 jobs in April.

  • Valeant To Acquire Obagi

    May 3, 2013
    • Valeant Pharmaceuticals International Inc. has entered into an agreement to acquire Obagi Medical Products Inc. According to reports, Valeant will acquire all the outstanding common stock of Obagi for $19.75 a share in cash, or $360 million.…

  • Avon Q1 Results: Not So Bad

    Avon Q1 Results: Not So Bad

    April 30, 2013
    Emerging markets provide lift.

  • Ecolab Posts Strong Results

    Ecolab Posts Strong Results

    April 30, 2013
    Energy business provides lift.

  • KitoZyme Lands More Funding

    April 4, 2013
    • KitoZyme has finalized a €9 million capital increase. The issue of new shares was reserved for and entirely underwritten by the company’s two main shareholders: Valois (Mestdagh Group and Montulet family) and SRIW, the Wallonia Regi…

  • Gains at L’Occitane

    April 4, 2013
    • L’Occitane International S.A., a global, natural and organic ingredient-based cosmetics and well-being products manufacturer and retailer, posted a 21.9% increase in sales to $582 million for the six months ended Sept. 30, 2012. The gain…

  • Spectrum Invests In Shaser Bioscience

    April 4, 2013
    • Spectrum Brands Holdings, Inc. acquired a 56% interest in Shaser Bioscience, Inc., a privately-held global technology company that develops energy-based, aesthetic dermatological platforms for home use devices, for $50 million in cash. Accord…

  • Novozymes Sales Rise 7% in 2012

    April 4, 2013
    • Novozymes’s 2012 sales rose 7% to more than $2.0 billion, the company reported. Net profit rose 10% to nearly $360 million. This year, the company expects organic sales growth of 5-8%. “We delivered strong earnings growth and reco…

  • Net Sales Rise 7.4% At Yankee Candle

    Net Sales Rise 7.4% At Yankee Candle

    April 4, 2013
    • Yankee Holding Corp. and The Yankee Candle Company, Inc. posted financial results for the fourth quarter and full year ended Dec. 29, 2012. For the year ended Dec. 29, 2012, total company net sales increased 7.4% to $844.2 million. Retail sal…

  • US Economy Expanded in Q4

    April 4, 2013
    Here’s hoping that red ink is erasable. The US economy actually grew in the fourth quarter of 2012—but just barely—instead of contracting for the first time in three and a half years, according to the Commerce Department. The U…

  • Net Sales at Revlon Rise 3.2% for 2012

    March 14, 2013
    • Revlon, Inc. posted results for the year and the fourth quarter ended Dec. 31, 2012. For the year, net sales rose 3.2% to $1.4 billion. The increase was primarily driven by higher net sales of Revlon color cosmetics, Revlon ColorSilk hair colo…

  • A Challenging Year for Avon

    March 14, 2013
    • Avon Products, Inc. posted fourth -quarter and full-year 2012 results for the year ended Dec. 31, 2012. For the fourth quarter, total revenue decreased 1% to $3.0 billion. Total units grew 2% and price/mix decreased 1% during the quarter. Acti…

  • Sales Jump at L’Oréal

    March 14, 2013
    • L’Oréal posted sales of $28.8 billion last year, a gain of 10.4%. Net income increased 15.1% to $3.8 billion. The company noted that 2012 was a milestone year as new markets became the No. 1 geographic zone. By division, professi…

  • Inter Parfums Issues Guidance

    March 14, 2013
    • Inter Parfums, Inc. released its initial guidance for 2013, which calls for net sales of approximately $460.0 million and net income attributable to Inter Parfums, Inc. of approximately $26.4 million. The guidance assumes the dollar remains at…

  • Sales Rise 7% at Estée Lauder

    March 14, 2013
    • The Estée Lauder Companies Inc. reported net sales for its second quarter ended Dec. 31, 2012 rose 7% to $2.93 billion. For the six months ended Dec. 31, 2012, the company reported a 5% increase in net sales to $5.48 billion. Net sales…