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BRIEF-New Flyer to invest $28mln to establish a bus and coach parts fabrication facility in Kentucky
* New Flyer to invest $28 mln to establish a bus and coach
fabrication facility in Kentucky
Tapestry profit tops estimates as sales fall short
Tapestry Inc., the renamed Coach Inc. following its acquisition of Kate Spade, said Tuesday it had a net loss of $18 million, or 6 cents a share, in the third quarter, after income of $117 million, or 42 cents a share, in the year-earlier period. Adjusted per-share earnings came to 42 cents, ahead of the FactSet consensus of 36 cents. Sales rose to $1.29 billion from $1.04 billion, just below the FactSet consensus of $1.31 billion. Earnings included about $188 million of acquisition and integration costs related to the Kate Spade deal. The company said it now expects fiscal 2018 sales of $5.8 billion to $5.9 billion, and EPS of $2.35 to $2.40. The FactSet consensus is for EPS of $2.37 and sales of $5.86 billion. Shares were not yet active in premarket trade, but have gained 18% in 2017, while the S&P 500 has gained about 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Louisville basketball coach Rick Pitino fired amid corruption probe
The University of Louisville fired Hall of Fame basketball coach Rick Pitino on Monday amid a national investigation by the Federal Bureau of Investigation of allegations of corruption in college basketball.
Coach Inc. will now be called Tapestry
Coach Inc. as you knew it will soon be no more. In its place will be a new brand called Tapestry. Buzz60's Elizabeth Keatinge's (@elizkeatinge) has more.
Coach Inc. is changing its name to Tapestry to reflect all three of its brands
Coach Inc. is changing its name to Tapestry Inc. The move is part of the company's plans to include all of its brands under one name.
Coach no more; New York company wants to be called Tapestry
Luxury handbag and accessories maker Coach shakes it up, changes its name to Tapestry
Loyalists unhappy as Coach becomes Tapestry Inc
(Reuters) - Iconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer.
BRIEF-MOTOR COACH INDUSTRIES SAYS ALL-ELECTRIC COMMUTER COACH MODEL D45 CRT LE TO BE RELEASED IN 2020
Motor Coach Industries: * UNVEILING NEW COMMUTER COACH MODEL D45 CRT LE FOR PUBLIC TRANSIT; ALL-ELECTRIC VERSION IN DEVELOPMENT, TO BE RELEASED IN 2020 Source text for Eikon: Further company coverage:
BRIEF-Coach CEO Victor Luis' total compensation was $12.6 mln in 2017
Coach Inc(COH). * Coach Inc(COH) - CEO Victor Luis' FY 2017 total compensation was $12.6 million versus $9.9 in FY 2016 Source text: [http://bit.ly/2yNAHrN] Further company coverage:
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