- Mukesh Buch
- 28 Jun, 2016
- New York City
Barnes & Noble net loss widened but revenues jumped 8%. Carnival net nearly tripled and lifted earnings outlook. FactSet Research net jumped 9% on 13% increase in revenues. IHS profit fell 2%.
- Sarla Buch
- 28 Jun, 2016
- New York City
Market indexes across the euro zone rebounded but trading sentiment was tentative. Political leaders in the U.K. face a challenging task in preserving tariff free access to the European Union. Ocado net surged 19%. Volkswagen agreed to pay $14.7 billion in order to settle U.S. claims.
- Mukesh Buch
- 27 Jun, 2016
- New York City
Delaware judge ordered Energy Transfer Equity can exit from its proposed $19.86 billion acquisition of Williams Co. Medtronic agreed to acquire HeartWare Intl for $1.1 billion. Skullcandy received an unsolicited proposal.
- Sarla Buch
- 27 Jun, 2016
- New York City
European markets extended two-day losses to more than 5% and the U.K. pound fell deeper. European politicians and central bankers worked together to calm markets. K&S forecasted operating profit in the first-half to decline due to lower selling prices in potash and magnesium products.
- 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