- Sarla Buch
- 19 Jul, 2017
- New York City
Drax said net swung to loss and the electric utility plans to increase natural gas as fuel. Electrolux profit surged after strong demand in North America. Reckitt Benckiser agreed to sells its food business to McCormick for $4.2 bn. RPC lifted revenues forecast. Sweden-based Tele2 revenues jumped.
- Mukesh Buch
- 19 Jul, 2017
- New York City
Crown Castle plans to acquire Lightower Fiber Networks for about $7.1 billion. Grainger profit tumbled but reaffirmed fiscal 2017 forecast. Morgan Stanley profit trading revenues lead industry surpassing Goldman Sachs. United Continental net surged.
- Mukesh Buch
- 18 Jul, 2017
- New York City
Bank of America profit soared on higher interest rate income and rising deposits. Goldman Sachs slumped on weak bond trading revenue. Harley-Davidson net plunged and motorcycle maker lowered shipment forecast. J&J lifted fiscal 2017 outlook. Netflix surged.
- Sarla Buch
- 18 Jul, 2017
- New York City
British Land plans to buy back up to
- Mukesh Buch
- 17 Jul, 2017
- New York City
BlackRock net soared 8% on 6% jump in revenues. Church & Dwight agreed to acquire privately held Water Pik for $1 billion. Carlyle Group agreed to buy Belgium-based ADB Safegate. J B Hunt net jumped 6%. Multi-Color agreed to acquire Germany-based Constantia Flexibles.
- Sarla Buch
- 17 Jul, 2017
- New York City
Balfour Beatty
- Mukesh Buch
- 14 Jul, 2017
- New York City
Citigroup profit dropped and trading revenue declined 6%. JPMorgan declined on lowered outlook but quarterly net soared 13%. PNC Financial net surged 14% on higher interest income. Wells Fargo & Co net jumped but the bank said it trimmed auto loan as the market softened.
- Sarla Buch
- 14 Jul, 2017
- New York City
Acacia Mining agrees to pay higher royalty rate for gold mining to Tanzanian government. Hays said net fees in the fourth-quarter jumped 7%. Skanska profit declined on write down. SEB Sweden-based bank said first-half profit surged.
- Sarla Buch
- 13 Jul, 2017
- New York City
Alstom revenues in the first-quarter jumped 6%. Babcock Intl forecasted stable order book. Ofcom set up separate unit to monitor BT''s Openreach unit. Sports Direct agreed to buy 26% Stake in Game Digital.
- Mukesh Buch
- 13 Jul, 2017
- New York City
Qatar Airways still insist to buy stake in American Airlines despite its decline for code-sharing agreements. Commerce Bancshares net soared 11%. Delta Air Lines net tumbled 21% but passenger unit revenues increased. JBS wins court approval for $300 million stake sell to Minerva.
- Mukesh Buch
- 12 Jul, 2017
- New York City
AAR net and revenues jumped. Barnes & Noble forecasted flat sales in fiscal 2018. Bank Of The Ozarks interest income soared on acquisitions. Fastenal net jumped 13.2%. MSC Industrial Direct plunged after net income declined.
- Sarla Buch
- 12 Jul, 2017
- New York City
Burberry first-quarter revenues jumped on strong sales in the U.K. and China. The homebuilder Barratt Developments forecasted profit ahead of market expectations. CropEnergies revenues and operating profit surged. SSP said revenues in the third-quarter soared 15%.
- Mukesh Buch
- 11 Jul, 2017
- New York City
Barracuda Networks revenues soared 9%. PepsiCo net jumped on higher pricing and stronger than expected growth in North America. VOXX International net loss narrowed. WD-40 net surged 14%.
- Sarla Buch
- 11 Jul, 2017
- New York City
Marks and Spencer revenues in the first-quarter increased 2.7%. Pagegroup profit in the first-half surged 18%. Pearson agreed to sell its 22% stake in Penguin Random House to Bertelsmann. Sanofi intends to buy the U.S.-based privately-held vaccines maker.
- Mukesh Buch
- 10 Jul, 2017
- New York City
Abercrombie & Fitch tumbled after specialty retailer terminated discussions about a potential deal. Helen of Troy net plunged 69%. Philip Morris lost a legal challenge in Australia.