- Mukesh Buch
- 27 Dec, 2016
- New York City
Alden Global acquired 24.8% stake in discount retailer Fred''s. Toshiba is expected to write down in billions of dollars linked to the purchase of U.S. nuclear power plants by its Westinghouse division. Tesla said Panasonic will invest $256 million in its New York production facility.
- Sarla Buch
- 27 Dec, 2016
- New York City
The European Central Bank rejected plea for three-week extension to meet the capital shortfall to Banca Monte dei Paschi. Sports Direct sell its sportswear brand Dunlop for
- Mukesh Buch
- 23 Dec, 2016
- New York City
Blackstone is in talks to acquire $5 billion of assets from Energy Transfer Partners. Cintas net tumbled 59%. Cal-Maine net swung to a loss as egg prices drop 51% from a record high. Prestige Brands to buy C.B. Fleet for $825 million.
- Sarla Buch
- 23 Dec, 2016
- New York City
Airbus signed a contract with Iran Air to deliver 100 jetliners. Air France-KLM agreed to sell 11.3% stake in Amadeus IT. U.S regulator settled with Credit Suisse and Deutsche Bank for selling faulty mortgage securities for $5.7 billion and $7.2 billion respectively.
- Mukesh Buch
- 22 Dec, 2016
- New York City
Anadarko agreed to sell certain gas assets to Alta Marcellus. Berkshire Partners plan to acquire stake in Kendra Scott Design. Bed Bath & Beyond net tumbled 29%. Conagra Brands net plunged 21%. Micron Technology net plummeted 13%. Rite Aid net tumbled 29%. Red Hat net surged 45%.
- Sarla Buch
- 22 Dec, 2016
- New York City
Actelion re-entered in merger talks with Johnson & Johnson. Altice agreed to sell its Belgium and German businesses to Telenet for
- Mukesh Buch
- 21 Dec, 2016
- New York City
AMC received conditional approval of the proposed $1.2 billion acquisition of rival Carmike. Accenture net surged 22%. FedEx net rose. Finish Line tumbled after net loss widened. Nike profit jumped. Paychex net and revenues soared 7%.
- Sarla Buch
- 21 Dec, 2016
- New York City
AB InBev agreed to sell its 54.5% stake of African assets to the Coca-Cola for $3.2 billion. Allergan agreed to acquire LifeCell for $2.9 billion. Meggitt sell its Target Systems division to QinetiQ for
- Mukesh Buch
- 20 Dec, 2016
- New York City
BlackBerry net loss widened on 47% decline in revenues but the mobile phone maker lifted adjusted profit outlook. CarMax net jumped. Darden net surged 84%. FactSet profit tumbled 33%. General Mills net plunged 9%. Praxair and Linde agreed to merge. Rite Aid agrees to sell stores to Fred
- Sarla Buch
- 20 Dec, 2016
- New York City
Innovia agreed to be acquired by Canada-based CCL. Lloyds Banking agreed to acquire MBNA for
- Mukesh Buch
- 19 Dec, 2016
- New York City
Apple challenged the European Union competition commission
- Sarla Buch
- 19 Dec, 2016
- New York City
Braas Monier Building agreed to be acquired by the U.S.-based Standard Industries for $1.2 billion. Danone lowered fiscal sales forecast. Parkdean Resorts agreed to be acquired by Canada-based Onex for
- Mukesh Buch
- 16 Dec, 2016
- New York City
Adobe net surged 79% on 23% jump in revenues. Cognizant agreed to acquire Australia-based insurance group Adaptra. Honeywell reaffirmed fourth-quarter earnings forecast. Ingles Markets net declined 12%. Jabil Circuit net tumbled 33%. Oracle profit dropped 7%.
- Sarla Buch
- 16 Dec, 2016
- New York City
Actelion jumped after the European regulatory advisory committee issued positive opinion for the treatment of T-cell lymphoma. EDF lowered profit outlook for fiscal 2017. Johnston Press agreed to sell its unit to Iliffe News and Media.
- Mukesh Buch
- 15 Dec, 2016
- New York City
Nucor lowered earnings outlook. RMR net income and revenues soared. Scholastic net jumped 5% and reaffirmed revenue forecast. Sanderson Farms net nearly tripled. Smart Sand net swung to a loss. 21st Century Fox agreed to acquire remaining stake in Sky for $23.4 billion.