ticker

Meredith to Buy Time Inc, Barracuda in LBO Deal

Mukesh Buch
27 Nov, 2017
New York City

Barracuda Networks agreed to be acquired by the privately held Thoma Bravo for $1.6 billion. KKR & Co revised its bid price for Japan-based Hitachi Kokusai Electric. Meredith agreed to acquire Time Inc for $2.8 billion. PNC Financial agreed to acquire The Trout Group.

Aviva Jumps on

Sarla Buch
27 Nov, 2017
New York City

Aviva plans to launch share buyback of up to

Dish, CBS Sign New Agreement; Icahn Buys Stake in SandRidge

Mukesh Buch
24 Nov, 2017
New York City

DISH Network and CBS Corp signed a multi-year carriage agreement. Nektar experimental pneumonia treatment with Bayer did not meet primary goal in a phase III study. Carl Icahn bought 13.51% stake in SandRidge Energy.

Mitchells & Butlers Faces Rising Costs, Laurent Perrier Net Slides

Sarla Buch
24 Nov, 2017
New York City

Laurent Perrier profit declined sales edged lower. Mitchells & Butlers profit tumbled as food and beverage costs rose. Philips acquired the U.S.-based startup Analytical Informatics. Paddy Power Betfair is in talks with Australia-based Crown Resorts.

Centrica Tumbles on Profit Warning; Thyssenkrupp Net Swing to Loss

Sarla Buch
23 Nov, 2017
New York City

Altice is said to step up non-core asset sale as it struggles under mountain of debt. Centrica issue profit warning as customer loss continues. Remy Cointreau net surged. Thyssenkrupp quarterly results swung to a loss.

HP, HP Enterprise Results Disappointed, Rockwell Rejects Emerson Offer

Mukesh Buch
22 Nov, 2017
New York City

Copart net declined but revenues jumped. Deere rebound on strong results. Guess declines after net swung to a loss. HP results disappointed. HP Enterprise fell after results failed to impress investors. Rockwell rejected unsolicited proposal. Salesforce net swung to profit.

Aggreko Revenues Boosted by North America, Thomas Cook Profit Surges

Sarla Buch
22 Nov, 2017
New York City

Aggreko said revenues surged in North America unit but warned on Argentina and Africa business. The Biffa net swung to profit and declared a maiden interim dividend. Sage annual profit soared 44%. Thomas Cook benefited from strong demand in Northern Europe.

Analog Devices, Lowe

Mukesh Buch
21 Nov, 2017
New York City

Analog Devices beat earnings results. Burlington Stores fourth quarter outlook disappointed Wall Street. Campbell Soup lowered profit forecast. Chico''s net tumbled. Dollar Tree profit beats estimates on higher traffic. Lowe

Enel to Lift Dividend Payout Ratio to 70%, Uniper Rejects

Sarla Buch
21 Nov, 2017
New York City

Big Yellow said occupancy increased at its self-serve storage facilities. EasyJet jumped after the reported lesser-than-expected decline in profit. Enel laid out a robust capex plan and said dividend payout ratio will increase to 70%. HomeServe net declined. Uniper rejects Fortum billion bid.

Marvell in $6B Deal with Cavium, Uber Commits to Volvo Self-Driving Cars

Mukesh Buch
20 Nov, 2017
New York City

Acorda Therapeutics dropped Parkinson''s drug trials after death of patients. Dycom Industries profit tumbled 44%. Marvell Technology agreed to acquire smaller rival Cavium for $6 billion. Uber Technologies intends to purchase 24,000 self-driving taxis from Volvo.

Altice Rejected Cash Crunch Worries, RWE Explore Options to Exit Innogy

Sarla Buch
20 Nov, 2017
New York City

Altice soared after the cable and telecom operator confirmed that it is not looking to raise cash. Diploma surged on strong results and revised fiscal outlook. Mitie Group missed profit estimates. NEX Group said its trading profit dropped.

Abercrombie, Foot Locker, Hibbett, Ross Stores Surge on Results

Mukesh Buch
17 Nov, 2017
New York City

Abercrombie & Fitch jumped on higher sales. Buckle profit disappointed. Foot Locker soared on upbeat earnings. Gap jumped on strong earnings, same-store sales and the outlook. Hibbett revised higher fiscal outlook. Ross Stores soared on strong results.

Carillion Tumbles on Debt Worries, Vivendi Delays Ubisoft Takeover

Sarla Buch
17 Nov, 2017
New York City

Carillion plunged 33% after another profit warning. Elior tumbled on profit and weaker-than-expected benefits from its cost savings plan. Kier Group reiterated its outlook. Vivendi said the company is not going to pursue Ubisoft hostile takeover in the next six months.

Emerson Lifts Rockwell Bid, Wal-Mart Soars on Guidance

Mukesh Buch
16 Nov, 2017
New York City

Best Buy profit forecast disappointed Wall Street. Cato plunged on earnings woes. Emerson revised its bid to $29 billion for Rockwell. Smucker lowered earnings forecast. Wal-Mart comparable sales beat estimates.

Bouygues Lifts Outlook, British Land Swings to Profit

Sarla Buch
16 Nov, 2017
New York City

Bouygues reported better-than-expected results. British Land reported robust first-half profit on asset sale. Iliad revenues jumped as the telecom operator adds new subscribers. K+S Group reaffirmed fiscal 2017 forecast. Sodexo profit surged 14%.

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