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Lachlan Star Limited (LSLCF)

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At close: October 11 at 4:00 PM EDT

Capri stock craters 46% after judge blocks $8.5 billion Tapestry deal

Shares of Capri Holdings plunged after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry.

Yahoo Finance 6 hours ago

CPRI

TPR
Tapestry-Capri merger blocked by judge in FTC antitrust case

A judge ruled in favor of the Federal Trade Commission's (FTC) antitrust case against Tapestry (TPR) and Capri Holdings (CPRI), blocking the merger of the two luxury fashion brands. Capri shares have plummeted by over 50% in Thursday's extended-hours trading. Julie Hyman and Josh Lipton break down this news on Market Domination Overtime. Tapestry is the parent company of brands Coach and Kate Spade, while Capri owns Michael Kors and Versace. Former LVMH North America (MC.PA) chair Pauline Brown sat down with Yahoo Finance in September to discuss the FTC's arguments in its case against the two fashion giants. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 9 hours ago

CPRI

TPR
Capital One-Discover deal faces antitrust probe by New York AG

New York Attorney General Letitia James is investigating Capital One Financial Corp's (COF) proposed acquisition of Discover Financial Services (DFS), valued at over $35 billion, over consumer concerns. The state's Attorney General office is looking into whether the deal is violating New York's antitrust laws. Capital One originally announced in February 2024 that Discover had agreed to the merger terms while awaiting regulatory approval. Catalysts anchors Seana Smith and Madison Mills explore this story. Capital One is set to report third quarter earnings after Thursday's market close. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 15 hours ago

COF

COF-PK

COF-PL
Skechers U.s.a. (SKX) Q3 2024 Earnings Call Transcript

SKX earnings call for the period ending September 30, 2024.

Motley Fool 2 hours ago

SKX
India's IndusInd Bank tumbles 15% on becoming latest to warn of microfinance loan stress

The bank also posted an unexpected drop in second-quarter profit due to a jump in bad loans in the microfinance business, which are collateral-free loans to borrowers with annual income up to 300,000 rupees. Its loan growth was 13%-15% in the first two fiscal quarters. IndusInd's stock slumped to its lowest since May 2023 and dragged banking stocks down 0.8%.

Reuters 2 hours ago

INDUSINDBK.NS
Capital One Financial (COF) Q3 2024 Earnings Call Transcript

COF earnings call for the period ending September 30, 2024.

Motley Fool 3 hours ago

COF

WMT
Western Digital (WDC) Q1 2025 Earnings Call Transcript

WDC earnings call for the period ending September 30, 2024.

Motley Fool 3 hours ago

WDC
DexCom (DXCM) Q3 2024 Earnings Call Transcript

DXCM earnings call for the period ending September 30, 2024.

Motley Fool 3 hours ago

DXCM
Tapestry $8.5 Billion Capri Deal Halted by Judge in FTC Win

(Bloomberg) -- A federal judge blocked the planned $8.5 billion acquisition by Tapestry Inc., maker of Coach and Kate Spade handbags, of rival Capri Holdings Ltd., sending Capri shares down as much as 56% in postmarket trading.Most Read from BloombergRobotaxis Are No Friend of Public TransportationBooming Cambridge Exposes England’s Widening Wealth GapOman Sees an Urban Future Distinct From Dubai and Abu DhabiArgentina Drug Trafficking Hotspot Sees Murders PlungeClimate Change Is Killing Buildin

Bloomberg 6 hours ago

TPR

CPRI
Why Intellia Therapeutics Stock Plummeted by 20% Today

Seemingly encouraging results from the lab were met with some notable skepticism.

Motley Fool 7 hours ago

NTLA
At S$3.74, Is SATS Ltd. (SGX:S58) Worth Looking At Closely?

SATS Ltd. ( SGX:S58 ), is not the largest company out there, but it saw a significant share price rise of 23% in the...

Simply Wall St. 7 hours ago

SPASF
Exploring Three High Growth Tech Stocks In Hong Kong

As global markets experience shifts in interest rates and economic indicators, the Hong Kong tech sector remains a focal point for investors seeking growth opportunities amidst broader market volatility. In this dynamic environment, identifying high-growth tech stocks requires careful consideration of factors such as innovation potential, market demand, and resilience to economic fluctuations.

Simply Wall St. 7 hours ago

TCEHY

TCTZF

AKESF
Capital One soars on positive earnings while CPRI plummets in after-hours trading and IBM sees worst day in 6 months

Capital One soared after closing, gaining 3.99% after the bank reported a third-quarter net income of $1.8 billion, or $4.41 per diluted common share.

Fortune 7 hours ago

IBM

COF

COMP
CORRECTING and REPLACING Capri Holdings Intends to File Notice of Appeal

LONDON, October 24, 2024--Headline of release should read: Capri Holdings Intends to File Notice of Appeal (instead of Capri Holdings Files Notice of Appeal).

Business Wire 7 hours ago

CPRI
Capital One Profit Beats Estimates on Card, Auto Loan Growth

(Bloomberg) -- Capital One Financial Corp., the bank that’s seeking to acquire rival Discover Financial Services, posted a profit that beat Wall Street estimates on strength in its credit-card and auto-lending businesses.Most Read from BloombergRobotaxis Are No Friend of Public TransportationBooming Cambridge Exposes England’s Widening Wealth GapOman Sees an Urban Future Distinct From Dubai and Abu DhabiArgentina Drug Trafficking Hotspot Sees Murders PlungeClimate Change Is Killing Buildings in

Bloomberg 7 hours ago

COF

DFS
Skechers (SKX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

While the top- and bottom-line numbers for Skechers (SKX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks 7 hours ago

SKX
Capri Stock Sinks 50% as Judge Blocks Merger With Tapestry

The Federal Trade Commission filed a suit in April seeking to block the intended deal, arguing it would curb competition in the so-called accessible luxury market.

Barrons.com 8 hours ago

TPR

CPRI
Compared to Estimates, Western Digital (WDC) Q1 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Western Digital (WDC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks 8 hours ago

WDC
Capital One (COF) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for Capital One (COF) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks 8 hours ago

COF
Western Digital tops quarterly profit estimates on demand from cloud computing customers

Western Digital Corp topped Wall Street estimates for quarterly profit on demand for its data-storage products from cloud service providers, sending its shares up 9% in extended trading on Thursday. The AI boom has powered a recovery in memory chips demand as cloud service providers build infrastructure to support new applications. "With the continued proliferation of the AI Data Cycle, our Flash and HDD product portfolios are well-positioned to capitalize on significant opportunities as adoption continues to grow," CEO David Goeckeler said.

Reuters 8 hours ago

WDC

Performance Overview

Return	LSLCF	S&P/ASX 200 [XJO]
YTD	0.00%	+8.17%
1-Year	-97.33%	+19.80%
3-Year	-99.40%	+10.35%

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Related News

Capri stock craters 46% after judge blocks $8.5 billion Tapestry deal

Tapestry-Capri merger blocked by judge in FTC antitrust case

Capital One-Discover deal faces antitrust probe by New York AG

Skechers U.s.a. (SKX) Q3 2024 Earnings Call Transcript

India's IndusInd Bank tumbles 15% on becoming latest to warn of microfinance loan stress

Capital One Financial (COF) Q3 2024 Earnings Call Transcript

Western Digital (WDC) Q1 2025 Earnings Call Transcript

DexCom (DXCM) Q3 2024 Earnings Call Transcript

Tapestry $8.5 Billion Capri Deal Halted by Judge in FTC Win

Why Intellia Therapeutics Stock Plummeted by 20% Today

At S$3.74, Is SATS Ltd. (SGX:S58) Worth Looking At Closely?

Exploring Three High Growth Tech Stocks In Hong Kong

Capital One soars on positive earnings while CPRI plummets in after-hours trading and IBM sees worst day in 6 months

CORRECTING and REPLACING Capri Holdings Intends to File Notice of Appeal

Capital One Profit Beats Estimates on Card, Auto Loan Growth

Skechers (SKX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Capri Stock Sinks 50% as Judge Blocks Merger With Tapestry

Compared to Estimates, Western Digital (WDC) Q1 Earnings: A Look at Key Metrics

Capital One (COF) Reports Q3 Earnings: What Key Metrics Have to Say

Western Digital tops quarterly profit estimates on demand from cloud computing customers

Performance Overview