- Mukesh Buch
- 04 Jan, 2018
- New York City
AngioDynamics lowered sales forecast. Buckle tumbled after comparable sales declined. Costco comparable sales soared 12%. L Brands revised fourth-quarter earnings outlook. Monsanto profit surged. RPM Intl net swung to profit. Rite Aid net soared. Walgreens net tumbled.
- Sarla Buch
- 04 Jan, 2018
- New York City
Debenhams issued profit warning after disappointing sales during and post-Christmas holidays. NMC Health acquired remaining stakes in two hospitals based in United Arab Emirates. Sopheon surged on upbeat estimate. Vectura said it plans to refocus its investment strategy.
- Mukesh Buch
- 03 Jan, 2018
- New York City
Commercial Metals net and revenues surged. Dominion Energy to acquire troubled rival Scana in $7.9 billion deal. The U.S. government agency rejected sale of MoneyGram to China-based Ant Financial. UniFirst beats first-quarter forecasts.
- Sarla Buch
- 03 Jan, 2018
- New York City
Addex Therapeutics signed deal with $339 million with Indivior. Deutsche Bank faces new claims for
- Mukesh Buch
- 02 Jan, 2018
- New York City
Commercial Metals to buy certain U.S. rebar assets from Brazil-based Gerdau for $600 million. Nutrien starts trading from New York and Toronto exchanges. Principal Financial agreed to buy joint ventures in India.
- Sarla Buch
- 02 Jan, 2018
- New York City
BP estimated $1.5 billion one-time non-cash charge in the fourth-quarter of 2017. IAG to acquire Austrian insolvent discount air Niki. M&S agreed to sell Hong Kong and Macau stores to Al-Futtaim Group. TechnipFMC won contract from Statoil. Vestas secured orders in Europe, Canada and India.
- Mukesh Buch
- 29 Dec, 2017
- New York City
Apple, Microsoft, Bank of America, Goldman Sachs, Citigrop and other global corporations announce plans to repatriate foreign income and take advantage of new tax laws. Uber sells 15% stake to Softbank worth $9 billion.
- Sarla Buch
- 29 Dec, 2017
- New York City
Airbus secured 430 Airbus A320neo order from India-based Indigo worth $50 billion. Banco BPM exceeds the capital requirements set by the European Central Bank and envisages the disposal of
- Mukesh Buch
- 28 Dec, 2017
- New York City
Apple is in talk with Riyadh for strategic investments in the region. Brigade Capital opposed Humana to deal with Kindred Healthcare. GE increases stake in Sweden-based Arcam Aktiebolag. J.B. Hunt declined despite beating fourth-quarter estimate.
- Sarla Buch
- 28 Dec, 2017
- New York City
Aegon plans to sell stake in the U.S. unit to France-based rival Scor SE. Nighthawk Energy agreed with its creditor to amend existing bank agreement. PKN Orlen oil refiner offered 380 crowns per share in its Czech downstream oil unit Unipetrol.
- Mukesh Buch
- 27 Dec, 2017
- New York City
Apple is said to have lowered its fiscal 2018 first-quarter sales forecast for iPhone X. Aston Martin recall more than 5,000 vehicles in the U.S. Boeing confirmed talks to acquire Brazil-based jet aircraft maker Embraer.
- Sarla Buch
- 27 Dec, 2017
- New York City
Barclays will write-down $1.3 billion from the U.S. tax bill. Daimler lifted 2017 profit estimate after recent tax reform in the U.S. IWG stock surged after confirming takeover bid. Royal Dutch Shell said U.S. tax reform will be favorable to the group.
- Mukesh Buch
- 26 Dec, 2017
- New York City
Home Depot plans to acquire supply chain solutions provider XPO Logistics. Ignyta agreed to be acquired by Switzerland-based cancer drug maker Roche Holding for $1.7 billion. Sigma Labs secured contract from Germany-based privately-held Laser Zentrum Nord.
- Mukesh Buch
- 21 Dec, 2017
- New York City
Apogee tumbled after lowering profit estimate. CarMax revenues jumped but the growth slowed mirroring industry trend. Conagra sales and net beat estimates driven by hurricane fueled demand. Lindsay net surged. Paychex beat profit and revenue estimate.