In 3Q15, $ROST's 3% comparable store sales gain was driven by a combination of higher traffic and an increase in the size of the average basket. During the quarter, the company's cost of goods sold declined 45 BPs driven by a 45 BPs increase in merchandise margins and a 5 BPs improvement each in freight and buying costs.
$VLY priced 8.4MM common shares in a registered public offering. $VLY plans to use proceeds for general corporate purposes, including to supplement the continued growth in the Valley National Bank's loan portfolio. The offering is expected to close on Dec. 13, 2016. Keefe, Bruyette & Woods, A Stifel Company, is acting as sole book-running manager.
traffic in November 2016 was 247,470 carloads, up 3.7% vs. November 2015. Traffic
in 4Q16 through November was 492,814 carloads, down 0.6% vs. 4Q15 through
November. North American Operations traffic in Nov. 2016 grew 7.6% vs. Nov. 2015.
Australian Operations traffic fell 7.1% while UK/European Operations traffic grew
0.5% vs. Nov. 2015.
$AAL's revenue passenger miles for November 2016 slid 0.2% to 16.8Bil from last year, while available seat miles rose 0.1% to 20.8Bil. Passenger load factor for November 2016 declined 0.3 percentage points to 80.9%. The company now sees 4Q16 total revenue per available seat miles of down 1% to up 1% YoverY and pretax margin excluding items of 6-8%.
$RIG announced the closing of the acquisition of Transocean
Partners. Each outstanding public common unit of Transocean Partners was
converted into the right to receive 1.20 shares of $RIG, which issued approx. 23.8MM
shares related to the transaction. Transocean Partners' common units were
delisted from the NYSE effective December 9, 2016.
$VAC's BoD approved a resolution changing the company's fiscal year
to a calendar year-end beginning with 2017. The company will not restate
historical results as a part of this change. The company's fiscal year 2017
will begin on December 31, 2016 and will end on December 31, 2017.