ticker

Alphabet Drops as Advertisers Pay Less, Microsoft Soars on Cloud

Mukesh Buch
27 Jan, 2017
New York City

Alphabet said net income and revenues declined after cost-per-click dropped 15%. Colgate net swung to profit but global unit volume fell 6%. Chevron net swung to profit after revenues soared 8%. General Dynamics net jumped 4%. Honeywell profit plummeted 13% on flat revenues. Microsoft net rose.

Tesco Agrees to Buy Booker for

Sarla Buch
27 Jan, 2017
New York City

BT Group profit plunged 37% but revenues soared 32% on the rising new customer additions. Sabadell net rose while net interest in the year jumped 20%. Tesco agreed to acquire Booker Group for

Comcast Plans $5 B Stock Buy Back, Ford Expects Strong Sales in 2017

Mukesh Buch
26 Jan, 2017
New York City

AT&T net plunged 39%. Biogen net declined 22%. Comcast net soared 15% and media group plans to buy back shares worth up to $5 billion in the next 12 months. Caterpillar net loss widened. Ford net plunged 38%. Qualcomm net slumped 54%. Whirlpool plunged on flat net.

J&J to Buy Actelion for $30 B, Fiat Lifted Outlook

Sarla Buch
26 Jan, 2017
New York City

Actelion agreed to be acquired by Johnson & Johnson for $30 billion. Diageo net and revenues jumped. Ericsson net tumbled on weak sales and demand. Fiat profit nearly doubled and lifted outlook. RBS set aside additional

Boeing Lifts Delivery Target, Hess Lifts Production Spending

Mukesh Buch
25 Jan, 2017
New York City

Abbott net jumped 4%. Alcoa said it expects global aluminum demand to increase 4% in 2017. Boeing said plane deliveries may reach 765 in 2017 surpassing 748 in 2016. Hess reported record quarterly loss. Illinois Tool net soared 13%. Rockwell profit jumped 16%. Grainger net tumbled 21%.

Santander Net Jumps, Novartis Plans $5 B Share Buy Back

Sarla Buch
25 Jan, 2017
New York City

Banco Santander net jumped 4% after lower loan provisions and strong growth in fee income. Novartis profit plunged 11% and Swiss drug-maker plans to buy back shares worth up to $5 billion in the next 12 months. Rio Tinto sells its Australia coal mine for $2.45 billion.

3M, Kimberly Clark, J&J Net Surge; Verizon Net Plunges 17%

Mukesh Buch
24 Jan, 2017
New York City

3M net soared 11.5% and reaffirmed earnings guidance. Alibaba net jumped 38% and revenues advanced 54%. Du Pont net swung to profit. Kimberly Clark net surged 52%. J&J profit jumped 21%. Verizon net plunged 17%. Yahoo! net swung to a loss of $4.4 billion.

BT Group Lifts Italy Write Off, Crest Nicholson Home Prices Advance

Sarla Buch
24 Jan, 2017
New York City

BT Group tumbled after the company discovered more accounting irregularities in its Italian operations. Crest Nicholson profit and revenues surged after average home price and home volumes rose. Dixons Carphone said revenues soared 8%. PZ Cussons net plunged 36%.]

BNC Bancorp in $1.9 B Deal with Pinnacle, McDonald's Net Falls

Mukesh Buch
23 Jan, 2017
New York City

BNC Bancorp agreed to be acquired by Pinnacle Financial for $1.9 billion. Sierra Bancorp net rose 3% and revenues jumped 16%. Halliburton net swung to a loss. McDonald''s net fell 1% but same store sales rose 2.7%. Petmed net plunged 8%.

AMC Agrees to Buy Nordic Cinema, Shell to Sells Stake in Saudi Arabia Venture

Sarla Buch
23 Jan, 2017
New York City

Intesa Sanpaolo is reported to consider a stake in Generali. Nordic Cinema agreed to be acquired by the U.S.-based AMC Entertainment for $929 million. Paddy Power Betfair annual revenues surged 18%. Shell agreed to sell its 50% stake in Shell Arabia to SBIC for $820 million.

Ford Estimates Pension Charges to Trim Earnings; GE Net Tumbles

Mukesh Buch
20 Jan, 2017
New York City

American Express net fell 8%. Ford said it may book $3 billion under pre-tax re-measurement loss in fiscal 2016. GE net tumbled 45%. IBM net rose 1%. P&G profit surged and lifted fiscal outlook. Rockwell net jumped 7%. Schlumberger net loss narrowed. SunTrust net slid 4%.

Cautious European Markets, Close Brothers, Edenred, Synthomer in Focus

Sarla Buch
20 Jan, 2017
New York City

Close Brothers said loan book in the first-half jumped 9.3%. Edenred lifted its stake in multi-brand fuel cards player Union Tank Eckstein to 51%. Heineken is in preliminary talk with Brasil Kirin Holding. Synthomer surged on the improving business in Europe and North America.

BNY Mellon, BB&T, Check Point, M&T Bank, PPG Net Soar

Mukesh Buch
19 Jan, 2017
New York City

BNY Mellon net surged 29%. BB&T net soared 18% Check Point Software net jumped 14%. J B Hunt profit edged up but revenues soared 6%. M&T Bank net advanced 22% after loan portfolios grew 15%. PPG net increased 10%. Union Pacific net rose 2%.

BHP Settles $47.5 B Claims in Brazil, Zodiac in

Sarla Buch
19 Jan, 2017
New York City

BHP, Vale and Samarco settled a $47.5 billion civil claim with Brazilian authorities. Credit Suisse settled mortgage securities claims with the U.S. regulator for $5.3 billion. Ahold Delhaize sales jumped 3% to

Citigroup, Goldman Sachs Net Jump; United Continental Net Plunges

Mukesh Buch
18 Jan, 2017
New York City

Citigroup net jumped 7% but revenues declined. CSX net fell 2%. Charles Schwab net and revenues surged. Eli Lilly agreed to acquire CoLucid Pharma for $960 million. Fastenal net rose 3%. Goldman Sachs net jumped four-fold. U.S. Bancorp net was nearly flat. United Continental net tumbled 52%.

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