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Nuance Communications (NASDAQ:NUAN) is to acquire Ditech Networks (NASDAQ:DITC) for its voice technologies that would let Nuance improve on its own product lines relating to mobile and enterprise speech recognition. Nuance will pay $ 1.45 per share of Ditech, which is almost 80 percent higher than its Monday closing price.
Don’t Miss: Lowe’s Withdraws This $1.8 Billion Proposal.
FedEx (NYSE:FDX), the world’s second-largest package delivery company said it now expects profit for its fiscal year, which ends in May, to be about $6.20 to $6.60 per share, below its prior forecast of $6.90 to $7.40 a share, as a weakening worldwide economic scenario leads customers towards delivery options that are slower or cheaper. Revenues at express rise 1 percent to $ 6.63 billion while ground revenues are up 8 percent to $ 2.46 billion.
Retailer Kohl’s (NYSE:KSS) is likely to hire more than 52,000 seasonal workers during the ensuing holiday shopping season, of which about 5,700 temps are to man distribution centers. These figures are over 10 percent higher than last year, and show the retailer is expecting a busy shopping season, particularly for online sales.
Teen clothing retailer Abercrombie & Fitch (NYSE:ANF) has been in the news lately as it reportedly hired Goldman Sachs to help pacify Relational Investors, an activist investor. A private equity or LBO deal may go as high as $ 55 a share, if analysts estimates are to be believed, and considering the retailer’s shares are rather under-priced compared to rivals.
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