- Mukesh Buch
- 20 Apr, 2017
- New York City
American Express net declined 13%. BNY Mellon net jumped 10%. BB&T net tumbled 28%. Danaher net plunged 33% but reaffirmed earnings forecast. eBay fell on weak outlook. Philip Morris net slumped. Qualcomm net and revenues plunged. Travelers net declined. Verizon net tumbled.
- Sarla Buch
- 20 Apr, 2017
- New York City
ABB profit surged but order backlog declined. The U.K. sells Green Investment Bank for
- Mukesh Buch
- 19 Apr, 2017
- New York City
Abbott net surged. BlackRock profit jumped 31% on index funds business. IBM net declined 10% on 3% drop in revenues on weak hardware demand. Lithia Motors net surged. Morgan Stanley net soared. U.S. Bancorp net jumped 4%. Yahoo net swung to profit.
- Sarla Buch
- 19 Apr, 2017
- New York City
AB Food profit surged 81%. Burberry plunged after the luxury retailer lowered profit forecast. Henderson said net asset outflows in the quarter were
- Mukesh Buch
- 18 Apr, 2017
- New York City
Boeing plans to lay off hundreds of engineers. Bank of America net surged 47%. Charles Schwab net soared 37% on 18% increase in revenues. Goldman Sachs net jumped 83%. J&J lifted sales forecast. Netflix net and revenues soared. Grainger lowered forecast.
- Sarla Buch
- 18 Apr, 2017
- New York City
Daily Mail and General Trust agreed to sell its viral video sharing service. Hennes & Mauritz said sales in March jumped 6% on late Easter. Medtronic agreed to divest its monitoring and recovery products business for $6.1 billion. Weetabix agreed to be acquired by Post Holdings.
- Mukesh Buch
- 17 Apr, 2017
- New York City
HCA Holdings slumped after weak earnings forecast. J B Hunt net rose 3% but revenues jumped 7%. M&T Bank net soared 17%. Moneygram board accepted revised higher cash offer of $18 a share from China-based Ant Financial. PacWest Bancorp net plunged 13%.
- Mukesh Buch
- 13 Apr, 2017
- New York City
Citigroup net soared 17% on higher trading revenues. Commerce Bancshares net jumped 10%. PNC Financial net surged 13%. JPMorgan profit soared 17% on strong trading revenue, loan margin and bond trading. Wells Fargo profits hurt on higher costs and weaker mortgage revenue.
- Sarla Buch
- 13 Apr, 2017
- New York City
Carrefour said revenues jumped after sales in Brazil soared. SinnerSchrader profit surged 58%. Sodexo lifted revenues forecast. Sainsbury restructure 60 Argos and 10 Habitat stores. Svenska Cellulosa received an offer of $22 billion from a consortium of private equity funds.
- Mukesh Buch
- 12 Apr, 2017
- New York City
BlackBerry surged after it won an arbitration ruling of $815 million in a royalty dispute with Qualcomm. ClubCorp net loss narrowed. Cardinal Financial net fell. Delta Air profit declined. Fastenal net and revenues jumped on higher unit sales. Healthcare Services net soared. Shaw net plunged.
- Sarla Buch
- 12 Apr, 2017
- New York City
BAT agreed to acquire some brands of Bulgaria-based rival Bulgartabac for
- Mukesh Buch
- 11 Apr, 2017
- New York City
Argan revenues surged and ended the year with strong balance sheet. Bank of the Ozarks net soared 73% on 70% increase in revenues. Loews plans to acquire Consolidated Container for $1.2 billion. United Continental said traffic in March rose 3%.
- Sarla Buch
- 11 Apr, 2017
- New York City
Givaudan said sales in the first-quarter soared 8% on improved sales in fragrances and flavors divisions. JD Sports net surged 83% on 31% jump in revenues and athletic retailer lifted full-year profit forecast. LVMH said revenues in the first-quarter surged 15%.
- Mukesh Buch
- 10 Apr, 2017
- New York City
AT&T agreed to buy Straight Path for $1.6 billion. Aspen and KSL Capital intend to buy Intrawest Resorts for $1.5 billion. Swift Transportation and Knight Transportation agreed to merge. Toyota said it plans to invest $1.3 billion and expand production at Kentucky plant.
- Sarla Buch
- 10 Apr, 2017
- New York City
BrewDog, the craft brewery, was valued