- Mukesh Buch
- 31 Aug, 2016
- New York City
Brown-Forman net and revenues declined. Bob Evans profit rose but revenues fell. Chico''''s net soared while revenues plunged 7%. Caleres net surged 18%. H&R Block net loss widened after revenues declined 9%. TRC Companies net plunged 13% but sales jumped 16%.
- Sarla Buch
- 31 Aug, 2016
- New York City
Bouygues net loss narrowed after telecom business jumped 6%. BioMerieux profit surged 45% and lifted operating profit forecast. Commerzbank and Deutsche Bank are reportedly exploring a possible merger. Iliad net soared 17% on 7% jump in revenues. Steinhoff said fiscal revenues and profit surged.
- Mukesh Buch
- 30 Aug, 2016
- New York City
European Union regulators fined and demanded back taxes of $14.6 billion from Apple Inc. Abercrombie & Fitch plunged after net loss widened. DSW net declined 34%. G-III lowered fiscal outlook. Mondelez dropped its pursuit of Hershey. TiVo net surged 61% but revenues declined.
- Sarla Buch
- 30 Aug, 2016
- New York City
Bunzl completed the acquisition in Canada and agreed to buy Hungary-based food services supplier. Braemar Shipping plunged after weak fiscal outlook. Mediobanca agreed to buy Barclays
- Manish Shah
- 29 Aug, 2016
- New York City
Aleris agreed to be acquired by the rival China Zhongwang for $2.3 billion. Cemex agreed to sell its several U.S. assets to Grupo Cementos. Mylan will launch cheaper generic version of EpiPen only after public outcry. USG agreed to sell its distribution unit for $670 million.
- Sarla Buch
- 29 Aug, 2016
- New York City
Alstom won a contract from the U.S. based Amtrak to build 28 new high-speed trains for
- Mukesh Buch
- 26 Aug, 2016
- New York City
Big Lots net rose and lifted earnings forecast. Berry Plastics agreed to acquire AEP Industries for $765 million in cash and stock. Dollar Tree lowered full-year sales outlook. Dollar General net soared 9%. Tiffany net rose but revenues fell.
- Sarla Buch
- 26 Aug, 2016
- New York City
Gemalto profit surged on flat revenues. The Restaurant Group net swung to a loss and plans to sell or close 33 underperforming sites and impair the asset value of a further 29 sites. Segro agreed to sell Heston & Airlinks Indl Estate for
- Mukesh Buch
- 23 Aug, 2016
- New York City
Best Buy net income surged as online sales soared 24%. Daktronics net soared. Nordson lifted revenues forecast. Premier said net income and revenues advanced. Regis net swung to profit. Smucker net soared 25% but revenues declined. Toll Brothers net and revenues surged.
- Sarla Buch
- 23 Aug, 2016
- New York City
Kier Group secured three major contracts worth about
- Mukesh Buch
- 22 Aug, 2016
- New York City
Pfizer agreed to acquire prostate-cancer drug maker Medivation for $14 billion in cash. Intersil surged after the company is in final stages of merger negotiations with Renesas for about $3 billion. CST Brands agreed to be acquired by Canada-based Couche-Tard for $4.4 billion.
- Sarla Buch
- 22 Aug, 2016
- New York City
Syngenta jumped after the U.S. national-security regulator approved $43 billion proposed acquisition by ChemChina. Teleperformance agreed to acquire LanguageLine for $1.52 billion. Kingspan profit and revenues surged and said net debt shrank. Safeland net declined 21%.
- Mukesh Buch
- 19 Aug, 2016
- New York City
Buckle net and revenues plunged. Deere net fell on 11% drop in revenues but lifted profit forecast. Estee Lauder net tumbled. Emerson Electric agreed to acquire valves & controls business of Pentair for $3.15 billion. Foot Locker net rose. Gap net plunged 43%.
- Sarla Buch
- 19 Aug, 2016
- New York City
21st Century lowered revenues forecast. 888 Holdings and The Rank abandoned its bid to merge with William Hill. UK Commercial Property Trust revenues and profit declined.
- Mukesh Buch
- 18 Aug, 2016
- New York City
Wal-Mart reported eighth quarterly same store sales increase in a row and said net rose 9%. Cisco net surged 21% and the networking gear maker said it plans to eliminate up to 5,500 positions globally. Cato net rose 2% and lowered earnings forecast after sales dropped. Toro net jumped 5%.