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Maersk Sells Energy Division to TOTAL, Rathbone in Merger Talks

Sarla Buch
21 Aug, 2017
New York City

Fiat Chrysler denied that China based Great Wall approached the company to acquire Jeep division. Headlam Group profit soared. Total S.A. agreed to acquire Maersk Oil & Gas for

Ross Stores Soar Defy Retail Downturn; Foot Locker, Hibbett Tumbles

Mukesh Buch
18 Aug, 2017
New York City

Deere & Co net soared 31% on strong demand. Estee Lauder net more than doubled and lifted fiscal outlook. Foot Locker tumbled after profit declined 60%. Gap net soared 117%. Hibbett Sports comparable sales plunged 12% and lowered fiscal outlook. Ross Stores net surged 12%.

FDA Approves AstraZeneca Cancer Drug, Vopak Lowers Forecast

Sarla Buch
18 Aug, 2017
New York City

AstraZeneca ovarian cancer drug won approval of the U.S. Geberit profit declined. GN Store Nord net plunged 21% but reaffirmed fiscal 2017 forecast. Heineken won a clearance to acquire Punch Taverns. NN Group profit surged 12%. Vopak lowered operating profit forecast.

Alibaba Rides China Online Wave; Cisco, Wal-Mart Struggle

Mukesh Buch
17 Aug, 2017
New York City

Buckle net plunged 26%. Alibaba profit and revenues soared. Bon-Ton net loss narrowed. The Cato net swung to a loss on 13% decline in revenues. Cisco net declined 14%. Madison Square net loss widened. Stage Stores surged after lifted fiscal outlook. Wal-Mart net tumbled 23%.

Kingfisher European Revenues Surge; Wirecard Cites Digital Payment Trends

Sarla Buch
17 Aug, 2017
New York City

ADO Properties profit surged and reaffirmed fiscal outlook. Coloplast segment revenues jumped. Diebold Nixdorf net tumbled 31% on 6% decline in revenues. Hikma Pharma net and revenues soared. Kingfisher domestic sales dropped. Wirecard net declined but revenues surged.

Target Lifts Profit Outlook, Urban Outfitters Surges on Quarterly Results

Mukesh Buch
16 Aug, 2017
New York City

Agilent Technologies net surged 41%. Jack Henry & Associates net tumbled. MSG Networks beats expectations. Performance Food net soared 38%. Target lifted profit guidance. Urban Outfitters surged on sales and earnings beat.

U.K. Construction Rebound Lifts Balfour, ICA Gruppen Net Surges 38%

Sarla Buch
16 Aug, 2017
New York City

Admiral net hurt by lowered rates on personal injury policies. Balfour Beatty net swung to profit on the rebound in U.K. construction activities. Bgeo Group profit soared on higher income in segment business. ICA Gruppen profit surged 38%. Nanogate lifted outlook.

Advance Auto Parts, Coach, Dicks Sporting, Home Depot Tumble; TJX Jumps

Mukesh Buch
15 Aug, 2017
New York City

Advance Auto Parts tumbled after net declined 30%. Coach plunged on weak outlook. Dicks Sporting plummeted on lower earnings and sales outlook. Home Depot sales surged. TJX net fell but lifted fiscal outlook.

Air Berlin Files for Insolvency, K&S Net Plunges

Sarla Buch
15 Aug, 2017
New York City

Air Berlin today filed for bankruptcy protection after Etihad withdrew its financial support. Hargreaves revenues jumped. K&S net plunged 30% and reaffirmed fiscal 2017 outlook. Mears net dropped 5% and lowered fiscal revenues forecast.

Andeavor to Buy Western Refining, Third Point Takes Black Rock Stake

Mukesh Buch
14 Aug, 2017
New York City

Andeavor Logistics agreed to acquire Western Refining in a deal valued at $1.8 billion. Third Point acquired a stake in BlackRock and reaffirms its interest in Alibaba.Group. Sysco profit soared 42%. Target agreed to buy Grand Junction. VF Corp agreed to acquire family-owned Williamson-Dickie.

Bilfinger Loss Narrowed, RWE Declares Special Dividend

Sarla Buch
14 Aug, 2017
New York City

Bilfinger net loss narrowed despite decline in revenues. Danone surged on merger speculation. Chinese automaker plans to bid for Fiat Chrysler. RWE declared special dividend. ThyssenKrupp may be nearing a deal with Tata Steel.

Nordstrom Online Sales Surge, JCPenney, Snap Inc Net Loss Widen

Mukesh Buch
11 Aug, 2017
New York City

Applied Indl Tech net more than doubled. Acushnet net jumped 22% but revenues plunged 8%. Enerplus net swung to profit on 69% jump in revenues. J C Penney drops to record low. Nordstrom net slumped. NVIDIA net more than doubled. Snap net loss widened.

European Indexes Drop 2%, Old Mutual Net Jumps

Sarla Buch
11 Aug, 2017
New York City

Innogy net plunged but reaffirmed outlook. KPS net increased. Novozymes depreciation and write-downs jumped. Nationwide Building Society said mortgage lending declined 31%. Old Mutual profit soared 87% on 45% jump in revenues.

Blue Apron, Dillard's, Kohl's, Macy's Plunge; Perrigo, Vista Outdoor Jump

Mukesh Buch
10 Aug, 2017
New York City

Blue Apron tumbled after net swung to a loss. Dillard''s plunged on disappointed results. Kohl''s beats profit forecasts. Macy''s net surged but sales declined. Perrigo surged after net loss narrowed. Vista Outdoor revenues plunged but reaffirmed fiscal outlook.

Glencore Lifts Outlook, Thyssenkrupp Net Drops Brazil Divestment

Sarla Buch
10 Aug, 2017
New York City

Aegon net swung to profit and agreed to sells its Irish unit. Co-op Bank net loss widened. Glencore net swung to profit after revenues soared. Henkel reaffirmed fiscal outlook. ThyssenKrupp net swung to loss on the divestment of Brazil mill. TUI net loss widened.

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