- Mukesh Buch
- 25 Sep, 2017
- New York City
D. R. Horton lowered its fiscal 2017 cash flow estimate. Genuine Parts agreed to acquire the U.K.-based Alliance Automotive for $2 billion. GE agreed to sell its industrial solutions unit to ABB for $2.6 billion. KKR raised its offer for Pepper Group.
- Sarla Buch
- 25 Sep, 2017
- New York City
ABB agreed to buy GE solutions unit for $2.6 billion. Aldi reported record sales and continues to open new stores. Imagination Technologies agreed to be acquired for
- Mukesh Buch
- 22 Sep, 2017
- New York City
CarMax beats earnings and revenues estimate on higher vehicle unit sales. The Finish Line soared despite profit and revenues declined. Presidio security and cloud business soared but net swung to a loss. Time Inc plans to sell some assets including Time UK.
- Sarla Buch
- 22 Sep, 2017
- New York City
Airbus unveiled new finishing center in Tianjin, China. Air Berlin is in advanced talks with Lufthansa and Easyjet. Rio Tinto increased its share repurchase program by $2.5 billion to $4 billion. Smiths Group beats profit estimate. Saga raised interim dividend.
- Mukesh Buch
- 21 Sep, 2017
- New York City
Calgon Carbon agreed to be acquired for $1.1 billion. Alphabet plans to buy Pixel smartphone business for $1.1 billion from HTC. Herman Miller net plunged 9%. Scholastic net loss widened but reaffirmed fiscal outlook. Toshiba agreed to sell memory business for $18 billion.
- Sarla Buch
- 21 Sep, 2017
- New York City
Capita tumbled after net declined 52%. CRH agreed to buy the U.S.-based Ash Grove Cement for $3.5 billion. Fortum plans to offer
- Mukesh Buch
- 20 Sep, 2017
- New York City
AAR net soared 12% on 9% jump in revenues. Adobe profit surged 55% on cloud subscriber growth. Analogic net swung to a loss after revenues plummeted 19%. Bed Bath & Beyond results suffered on growing online competition. Copart net declined. FedEx net dropped 17%.
- Sarla Buch
- 20 Sep, 2017
- New York City
Alten profit surged on three acquisitions in the fiscal 2017. Babcock reaffirmed fiscal 2018 and 2019 outlooks. Zara owner Inditex profit soared but margin dropped. Kingfisher profit declined. Thyssen and Tata agree to merge their European business.
- Mukesh Buch
- 19 Sep, 2017
- New York City
AutoZone reports sales and earnings growth but the early rally in stock fizzles. Apogee reaffirmed fiscal outlook. Catalent agreed to buy privately held Cook Pharmica for $950 million. Neogen net and revenues surged. Steelcase net jumped. Walgreens received regulatory clearance to acquire Rite Aid.
- Sarla Buch
- 19 Sep, 2017
- New York City
Femsa sold its 5.24% stake in Heineken for
- Mukesh Buch
- 18 Sep, 2017
- New York City
Itron agreed to acquire its smaller rival Silver Springs Networks for $830 million. Northrop Grumman intends to acquire missile and rocket maker Orbital ATK for $7.8 billion. Slack raised fund in the latest round at $5 billion valuation. Wenner Media seeks buyer for Rolling Stone.
- Sarla Buch
- 18 Sep, 2017
- New York City
Dairy Crest said strong demand for its cheese products are expected to lift half-year profit. Hiscox estimated claims of $150 million in Hurricane Harvey. PwC profit fell blamed election and Brexit. Petra Diamonds profit fell but revenues soared.
- Mukesh Buch
- 15 Sep, 2017
- New York City
Centene agreed to acquire nonprofit health insurer Fidelis Care for $3.75 billion. Mirati Therapeutics stock surged on positive cancer treatment trial results. Oracle profit and revenues jumped. Sparton beats earnings results. Tenet Healthcare is looking for a merger partner.
- Sarla Buch
- 15 Sep, 2017
- New York City
The Dutch government reduced its stake to 56% in ABN AMRO after
- Mukesh Buch
- 14 Sep, 2017
- New York City
Citigroup forecasted trading revenue in the third-quarter may slump 15%. JPMorgan estimated trading revenue in the third-quarter may decline 20%. L3 Technologies completed the acquisition of Doss Aviation. United Natural Foods net soared 12%. Value Line net tumbled.