- Mukesh Buch
- 17 Sep, 2018
- New York City
Alaska Air said combined passenger traffic in August rose 3.8%. Meredith agreed to sell Time magazine to Salesforce founder Marc Benioff for $190 million. Kinder Morgan hired TD Securities to sell its Trans Mountain pipeline to exit from Canada.
- Sarla Buch
- 17 Sep, 2018
- New York City
AlzChem plans to expand production capacity after profit soared 10%. CropEnergies profit declined on lowered ethanol price and higher raw materials and energy costs. Rallye soared after it signed new credit facility of
- Mukesh Buch
- 14 Sep, 2018
- New York City
Adobe reported strong result after cloud revenue soared 21%. Dave & Buster''s Entertainment net surged 11% and the restaurant operator lifted fiscal outlook. Nucor revised earnings outlook higher.
- Sarla Buch
- 14 Sep, 2018
- New York City
Close Brothers plans to sell its retail finance business to Sweden-based Klarna Bank. Investec will spin-off of its Investec Asset Management business. J D Wetherspoon profit soared on higher sales. Nordea and DNB Bank jointly sell its 60% stake in Luminor to Blackstone.
- Mukesh Buch
- 13 Sep, 2018
- New York City
Brady Corp soared on strong result and upbeat outlook. Fred''s tumbled after net loss widened as sales declined. Kroger Co beat earnings estimates after profit surged 44%. Palatin Technologies net swung to profit. Pivotal Software tumbled despite upbeat outlook.
- Sarla Buch
- 13 Sep, 2018
- New York City
Delivery Hero net swung to profit after revenues surged 38%. Natixis sold several of its finance services units to parent company BPCE. WM Morrison profit declined. Rubis net declined but revenues surged.
- Mukesh Buch
- 12 Sep, 2018
- New York City
Carlyle Group is in preliminary talks to acquire Sedgwick Claims for $6.7 billion. Stanley Black agreed to acquire 20% stake in MTD Products. WABCO Holdings fell on deteriorate China production and lower demand in Russia and Turkey.
- Sarla Buch
- 12 Sep, 2018
- New York City
Dermapharm profit and revenues jumped on recent acquisitions. Hermes profit surged after solid growth across all business. SSE plunged after profit warning. Vapiano net loss widened.
- Mukesh Buch
- 11 Sep, 2018
- New York City
Casey`s General net and revenues soared. Integrated Device Technology agreed to be acquired by Japan-based rival Renesas Electronics.Limoneira tumbled on weak revenues. Sonic jumped on earnings forecast. Sonos net loss widened after revenues declined.
- Sarla Buch
- 11 Sep, 2018
- New York City
ArcelorMittal lifted offer for India-based Essar Steel to $5.8 billion. Amer Sports surged on buyout offer. Cairn Energy net swung to a loss. Hilton Food profit surged on strong sales and acquisitions. JD Sports reported record result on strong revenues.
- Mukesh Buch
- 10 Sep, 2018
- New York City
Destination Maternity net loss widened but the retailer reaffirmed fiscal outlook. Retailer Fred''s agreed to sell its pharmacy patient prescription business to Walgreens. Hovnanian Enterprises net loss narrowed. SAIC profit soared.
- Sarla Buch
- 10 Sep, 2018
- New York City
bet-at-home.com net tumbled 43% on 15% plunge in revenues. Associated British Foods forecasted fiscal profit in its sugar division to decline. Hannover Re forecasted stable prices and conditions. RPC Group is in preliminary talk to go private.
- Mukesh Buch
- 07 Sep, 2018
- New York City
Barnes & Noble soared as mounting losses lifts of hopes of more changes at the troubled retailer. Five Below reported better-than-expected results. GameStop net swung to a loss. Marvell Technology missed profit estimate. Palo Alto Networks revenues jumped.
- Sarla Buch
- 07 Sep, 2018
- New York City
Amer Sports plans to sell its cycling and fitness equipment businesses. Ashmore net declined but assets under management surged 26%. Gear4music reported stronger sales in all regions. Greene King comparable sales increased 2.8%.
- Mukesh Buch
- 06 Sep, 2018
- New York City
Aerovironment surged after net swung to profit. Donaldson net surged 50%. DocuSign plunged after net loss widened. G-III Apparel net swung to profit. Lands'' End tumbled after net loss widened. Navistar reported strong results. Verint Systems net swung to profit.