- Sarla Buch
- 17 Oct, 2017
- New York City
Airbus agreed to buy a majority stake in CSeries passenger jetliner of Canada-based Bombardier. Merlin shares tumbled on profit warning. Pearson jumped on improved profit forecast. Remy Cointreau said sales advanced 6%. Sartorius lowered group revenues forecast.
- Mukesh Buch
- 17 Oct, 2017
- New York City
CSX benefited from higher freight rates. Comerica net soared on higher net interest income. Goldman Sachs bond trading revenues fell but benefitted from the healthy deals and equities markets. Omnicom beats revenue forecast. Grainger net plunged. J&J revenues soared. UnitedHealth profit surged 26%.
- Mukesh Buch
- 16 Oct, 2017
- New York City
Charles Schwab net and revenues surged on a new retail brokerage accounts. Capstar Financial net more than doubled. McClatchy said net loss widened on weak revenues. Nordstrom family suspends its plan to go private. Ruby Tuesday agreed to be acquired by NRD Capital.
- Sarla Buch
- 16 Oct, 2017
- New York City
EasyJet may acquire parts of Air Berlin operations at Tegel Airport. ConvaTec tumbled after it lowered revenues estimates linked to supply issues. Husqvarna declined after weak sales in its consumer brands division. Saint Gobain completed acquisition Norwegian rival.
- Mukesh Buch
- 13 Oct, 2017
- New York City
BofA reported stronger than expected results. PNC Financial net jumped 14%. Wells Fargo net tumbled 19% after legal costs. Applied Optoelectronics tumbled on lowered outlook. J B Hunt Transport net plunged 8% while revenues soared 9%.
- Sarla Buch
- 13 Oct, 2017
- New York City
BASF agreed to acquire seed and herbicide businesses from Bayer for
- Mukesh Buch
- 12 Oct, 2017
- New York City
Citigroup profit jumped 8% but trading revenues plunged. Commerce Bancshares net soared. Domino''s Pizza beats profit and sales estimates but stock declined. JPMorgan beats estimate after trading revenue declined 27%. Lindsay net plunged 19%.
- Sarla Buch
- 12 Oct, 2017
- New York City
Accor agreed to acquire Australia-based rival Mantra for
- Mukesh Buch
- 11 Oct, 2017
- New York City
BlackRock revenues gained as assets surged closed to
$6 trillion. Barracuda net plummeted but revenues increased. Delta Air Lines estimated higher earnings despite Hurricane Irma related charges. Fastenal margins disappointed analysts. JetBlue September traffic fell 4.4%.
- Sarla Buch
- 11 Oct, 2017
- New York City
Christian Dior reported strong segment revenues. Dunelm said online sales soared but margins dropped. Gerresheimer profit plunged but margin jumped. Hargreaves Lansdown reported growth in assets and clients. Packaging groups Mondi said net loss narrowed.
- Mukesh Buch
- 10 Oct, 2017
- New York City
AIG estimated catastrophe losses of $3 billion. Express Scripts agreed to acquire EviCore Healthcare for $3.6 billion. Pfizer may spin off consumer healthcare business. Wal-Mart jumped on fiscal 2019 forecast and plans for stock buyback of up to $20 billion.
- Sarla Buch
- 10 Oct, 2017
- New York City
BAE Systems said it plans to reduce more than estimated 1,900 Jobs. Domino''s Pizza surged on strong third-quarter sales. Easyhotel revenues surged 39%. Givaudan revenues jumped 4%. LVMH beats estimate. Nisa agreed to be acquired by Co-op Group.
- Mukesh Buch
- 09 Oct, 2017
- New York City
GM agreed to buy Strobe the user of LIDAR technology. Honeywell plans to spin off its non-core assets in to two separate companies. Radial agreed to be acquired by Belgium government-owned Bpost. Skyline profit more than doubled but revenues declined.
- Sarla Buch
- 09 Oct, 2017
- New York City
Accor offered to acquire Australia-based rival Mantra. Air Berlin may be forced to ground all flights by October if its current negotiation with EasyJet fails. Bpost agreed to buy the U.S.-based Radial for $820 million. Millennium & Copthorne Hotels received bid of
- Mukesh Buch
- 06 Oct, 2017
- New York City
Costco launches delivery services battling Wal-Mart and Amazon. Eros International revenues tumbled. Helen of Troy tumbled after net declined 69%. Omega Protein agreed to be acquired by Canada-based Cooke. Rocky Mountain net fell. Village Super Market net plunged.