- 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.
- Sarla Buch
- 14 Sep, 2017
- New York City
Booker sales increased 1.1%. John Lewis tumbled on flat revenues. Morrison profit surged 46% but sales growth was weaker than expectation. Next lifted full-year forecast. Hermes International profit and revenues led by increase in Asia.
- Mukesh Buch
- 13 Sep, 2017
- New York City
A-Mark Precious Metals net soared but revenues declined. Cracker Barrel sales dropped but beat estimates. Centene agreed to buy Fidelis Care for $3.75 billion. Nordstrom family is reportedly in talks to take the retailer private. Seadrill filed for Chapter 11 bankruptcy.
- Sarla Buch
- 13 Sep, 2017
- New York City
Balfour Beatty to divest its stake in Blackpool airport. Bayer sells 9.4% stake in plastic materials maker Covestro for
- Mukesh Buch
- 12 Sep, 2017
- New York City
Advaxis said net loss in the quarter widened. Investors Real Estate Trust net loss narrowed. Layne Christensen reported stronger-than-expected results. Limoneira declined on weak outlook. Teva Pharmaceuticals agreed to sell its women