- Sarla Buch
- 24 Jun, 2016
- New York City
World markets dived and the U.K. pound plunged 10% after voters in the U.K. favoured to leave the European Union. London Stock Exchange and Deutsche B
- Mukesh Buch
- 23 Jun, 2016
- New York City
Accenture net surged 11% and the information services provider lifted earnings forecast. BlackBerry net swung to a loss after revenues declined 39%. Bed Bath & Beyond net plunged 23% on flat revenues. Red Hat profit soared 27% on 18% jump in revenues.
- Sarla Buch
- 23 Jun, 2016
- New York City
DS Smith profit soared 7% to
- Mukesh Buch
- 24 Jun, 2016
- New York City
American Software net soared 32%. Finish Line net plunged 30% and lifted comparable store sales outlook. Synnex net slumped 15% but revenues 4%. Sonic profit declined 25%.
- Mukesh Buch
- 22 Jun, 2016
- New York City
Actuant net plunged 44%. Adobe Systems net surged 66% on 20% jump in revenues. FedEx net loss narrowed and revenues soared 7%. KB Home net and revenues surged. SiteOne Landscape net loss narrowed. Tesla offered to buy SolarCity for $2.8 billion.
- Sarla Buch
- 22 Jun, 2016
- New York City
European markets soared more than 1% and extended weekly gains and banks led the gainers. Spain-based Merlin agreed to merge with Metrovacesa and for the largest real estate group in the country. Debenhams estimated gross margin in the year to be flat.
- Mukesh Buch
- 21 Jun, 2016
- New York City
Boeing signed an agreement with Iran Air to sell its jetliner aircrafts. GE plans to sell its remaining stake of 20% in Hyundai Capital. CarMax net declined 4%. Impax Labs intends to acquire generic drugs business from Teva Pharma and Allergan. Lennar profit surged 19%.
- Sarla Buch
- 21 Jun, 2016
- New York City
Altice completed the purchase of Cablevision Systems. Kion agreed to acquire the U.S.-based privately held Dematic for $3.25 billion. Petrofac said profit in the first-half is in-line with the previous estimate. Chemring net loss widened. Tele2 plans to buy domestic subsidiary of rival TDC Sweden.
- Mukesh Buch
- 20 Jun, 2016
- New York City
Elliott Management and Francisco Partners are in preliminary talks with Dell to buy software division for more than $2 billion. Federal-Mogul received revised offer from Icahn Entp for minority stake. Marathon Oil agreed to acquire PayRock for $888 million. Twitter agreed to buy Magic Pony.
- Sarla Buch
- 20 Jun, 2016
- New York City
European markets soared more than 3% after Brexit worries eased. Gamesa and Siemens agreed to merge their wind power businesses. Majestic Wine profit tumbled 83% and lifted sales outlook. Palfinger plans to acquire Norway-based TTS Group.
- Sarla Buch
- 17 Jun, 2016
- New York City
European markets rebounded after Brexit worries eased. HSBC Holdings agreed to settle 14-year old shareholder lawsuit for $1.58 bilion. JD Sports forecasted optimistic outlook. Tesco agreed to sell Dobbies Garden Centers for
- Mukesh Buch
- 17 Jun, 2016
- New York City
Finisar net jumped 80%. Oracle net rose 2% but revenues fell 1%. Revlon agreed to acquire Elizabeth Arden for $870 million. Smith & Wesson net and revenues surged. Viacom estimated profit in third-quarter to decline 25%.
- Mukesh Buch
- 16 Jun, 2016
- New York City
Clarcor net jumped 39% but revenues declined 9%. Jabil Circuit net plunged 93% on flat revenues. Kroger net soared 10% on 5% increase in revenues. Korn-Ferry Intl profit plummeted 78% but revenues surged 48%. Rite Aid net swung to a loss and revenues surged 23%.
- Sarla Buch
- 16 Jun, 2016
- New York City
European markets turned lower on the growing anxieties as the EU membership referendum date approached near in the U.K. Banks led the decliners after Swiss central banks suggested UBS and Credit Suisse may need to raise more capital. Mulberry net swung to profit. Poundland profit tumbled 94%.
- Mukesh Buch
- 15 Jun, 2016
- New York City
Bob Evans net plunged 89% and the restaurant operator forecasted financial outlook that fell short of expectations. Johnson Publishing plans to sell-off its Ebony and digital-only publication Jet. Turning Point Brands profit tumbled 35%.