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CRH Expands in U.S., Fortum Accelerates Renewable Consolidation in Europe

Sarla Buch
21 Sep, 2017
New York City

Capita tumbled after net declined 52%. CRH agreed to buy the U.S.-based Ash Grove Cement for $3.5 billion. Fortum plans to offer

Cloud Services Lift Adobe Revenues, FedEx Lowers Fiscal Outlook

Mukesh Buch
20 Sep, 2017
New York City

AAR net soared 12% on 9% jump in revenues. Adobe profit surged 55% on cloud subscriber growth. Analogic net swung to a loss after revenues plummeted 19%. Bed Bath & Beyond results suffered on growing online competition. Copart net declined. FedEx net dropped 17%.

Thyssen, Tata Steel to Merger European Businesses, Zara Profit Soars

Sarla Buch
20 Sep, 2017
New York City

Alten profit surged on three acquisitions in the fiscal 2017. Babcock reaffirmed fiscal 2018 and 2019 outlooks. Zara owner Inditex profit soared but margin dropped. Kingfisher profit declined. Thyssen and Tata agree to merge their European business.

Walgreens Wins Revised Approval for Rite Aid, AutoZone Rally Fizzles

Mukesh Buch
19 Sep, 2017
New York City

AutoZone reports sales and earnings growth but the early rally in stock fizzles. Apogee reaffirmed fiscal outlook. Catalent agreed to buy privately held Cook Pharmica for $950 million. Neogen net and revenues surged. Steelcase net jumped. Walgreens received regulatory clearance to acquire Rite Aid.

Femsa Sold 5.24% stake in Heineken, Solvay in

Sarla Buch
19 Sep, 2017
New York City

Femsa sold its 5.24% stake in Heineken for

Northrop, Orbital ATK in $7.8 B Deal; Slack Raises Funds at $5B Valuation

Mukesh Buch
18 Sep, 2017
New York City

Itron agreed to acquire its smaller rival Silver Springs Networks for $830 million. Northrop Grumman intends to acquire missile and rocket maker Orbital ATK for $7.8 billion. Slack raised fund in the latest round at $5 billion valuation. Wenner Media seeks buyer for Rolling Stone.

Petra Profit Falls on Weaker Margins, Siemens Gamesa Wins China Order

Sarla Buch
18 Sep, 2017
New York City

Dairy Crest said strong demand for its cheese products are expected to lift half-year profit. Hiscox estimated claims of $150 million in Hurricane Harvey. PwC profit fell blamed election and Brexit. Petra Diamonds profit fell but revenues soared.

Centene to Buy Fidelis Care, Oracle Beats Estimates

Mukesh Buch
15 Sep, 2017
New York City

Centene agreed to acquire nonprofit health insurer Fidelis Care for $3.75 billion. Mirati Therapeutics stock surged on positive cancer treatment trial results. Oracle profit and revenues jumped. Sparton beats earnings results. Tenet Healthcare is looking for a merger partner.

Netherlands Lowers ABN Amro stake, H & M Sales Jumps

Sarla Buch
15 Sep, 2017
New York City

The Dutch government reduced its stake to 56% in ABN AMRO after

Citigroup, JPMorgan Estimated Q3 Trading Revenues to Decline

Mukesh Buch
14 Sep, 2017
New York City

Citigroup forecasted trading revenue in the third-quarter may slump 15%. JPMorgan estimated trading revenue in the third-quarter may decline 20%. L3 Technologies completed the acquisition of Doss Aviation. United Natural Foods net soared 12%. Value Line net tumbled.

Asia Growth Lifts Hermes Results; Morrison Net Surges, Next Profit Plunges

Sarla Buch
14 Sep, 2017
New York City

Booker sales increased 1.1%. John Lewis tumbled on flat revenues. Morrison profit surged 46% but sales growth was weaker than expectation. Next lifted full-year forecast. Hermes International profit and revenues led by increase in Asia.

Centene in $3.4 B Deal with Fidelis Care, Seadrill Files Reorganization Plan

Mukesh Buch
13 Sep, 2017
New York City

A-Mark Precious Metals net soared but revenues declined. Cracker Barrel sales dropped but beat estimates. Centene agreed to buy Fidelis Care for $3.75 billion. Nordstrom family is reportedly in talks to take the retailer private. Seadrill filed for Chapter 11 bankruptcy.

Bayer Lowers Covestro Stake, Richemont Sales Jump 10%

Sarla Buch
13 Sep, 2017
New York City

Balfour Beatty to divest its stake in Blackpool airport. Bayer sells 9.4% stake in plastic materials maker Covestro for

Teva Races to Sell More After $1 B Deal, Limoneira Falls on Weak Outlook

Mukesh Buch
12 Sep, 2017
New York City

Advaxis said net loss in the quarter widened. Investors Real Estate Trust net loss narrowed. Layne Christensen reported stronger-than-expected results. Limoneira declined on weak outlook. Teva Pharmaceuticals agreed to sell its women

Ashtead Demand Set to Rise After Irma and Harvey, Virbac Tumbles

Sarla Buch
12 Sep, 2017
New York City

Ashtead, the construction equipment provider estimated fleet demand may rise in the U.S. after two hurricanes. Credit Agricole agreed to sell 16% stake in Saudi bank. Hastings ends merger talk with AA. JD Sports beats expectations. Virbac tumbled on weak outlook.

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