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Reckitt Benckiser and McCormick in $4 B Deal, Electrolux Net Soars

Sarla Buch
19 Jul, 2017
New York City

Drax said net swung to loss and the electric utility plans to increase natural gas as fuel. Electrolux profit surged after strong demand in North America. Reckitt Benckiser agreed to sells its food business to McCormick for $4.2 bn. RPC lifted revenues forecast. Sweden-based Tele2 revenues jumped.

IBM Revenue Decline Extends in 5th Year; Morgan Stanley Beat Estimates

Mukesh Buch
19 Jul, 2017
New York City

Crown Castle plans to acquire Lightower Fiber Networks for about $7.1 billion. Grainger profit tumbled but reaffirmed fiscal 2017 forecast. Morgan Stanley profit trading revenues lead industry surpassing Goldman Sachs. United Continental net surged.

Bank of America Beat Earnings, J&J, Lockheed Martin Lifted Outlook

Mukesh Buch
18 Jul, 2017
New York City

Bank of America profit soared on higher interest rate income and rising deposits. Goldman Sachs slumped on weak bond trading revenue. Harley-Davidson net plunged and motorcycle maker lowered shipment forecast. J&J lifted fiscal 2017 outlook. Netflix surged.

Ericsson Net Swings to Loss, Rio Tinto Lowered Iron Ore Outlook

Sarla Buch
18 Jul, 2017
New York City

British Land plans to buy back up to

Multi-Color in $1.3 B Deal with Constantia, Peltz Targets P&G

Mukesh Buch
17 Jul, 2017
New York City

BlackRock net soared 8% on 6% jump in revenues. Church & Dwight agreed to acquire privately held Water Pik for $1 billion. Carlyle Group agreed to buy Belgium-based ADB Safegate. J B Hunt net jumped 6%. Multi-Color agreed to acquire Germany-based Constantia Flexibles.

Balfour, Carillion Win U.K. Contracts, Telenor Launches Stock Repurchase

Sarla Buch
17 Jul, 2017
New York City

Balfour Beatty

Citigroup, Wells Fargo Beat Estimates; JP Morgan Drops on Outlook

Mukesh Buch
14 Jul, 2017
New York City

Citigroup profit dropped and trading revenue declined 6%. JPMorgan declined on lowered outlook but quarterly net soared 13%. PNC Financial net surged 14% on higher interest income. Wells Fargo & Co net jumped but the bank said it trimmed auto loan as the market softened.

Skanska Net Declines 12% on Write down, SEB Profit Surges

Sarla Buch
14 Jul, 2017
New York City

Acacia Mining agrees to pay higher royalty rate for gold mining to Tanzanian government. Hays said net fees in the fourth-quarter jumped 7%. Skanska profit declined on write down. SEB Sweden-based bank said first-half profit surged.

French Group Alstom Sales Up 6%, Babcock Stock Spikes on Results

Sarla Buch
13 Jul, 2017
New York City

Alstom revenues in the first-quarter jumped 6%. Babcock Intl forecasted stable order book. Ofcom set up separate unit to monitor BT''s Openreach unit. Sports Direct agreed to buy 26% Stake in Game Digital.

Qatar Still Wants American as War of Words Escalates

Mukesh Buch
13 Jul, 2017
New York City

Qatar Airways still insist to buy stake in American Airlines despite its decline for code-sharing agreements. Commerce Bancshares net soared 11%. Delta Air Lines net tumbled 21% but passenger unit revenues increased. JBS wins court approval for $300 million stake sell to Minerva.

Barnes & Noble Ed Net Swings to Profit, MSC Direct Plunges

Mukesh Buch
12 Jul, 2017
New York City

AAR net and revenues jumped. Barnes & Noble forecasted flat sales in fiscal 2018. Bank Of The Ozarks interest income soared on acquisitions. Fastenal net jumped 13.2%. MSC Industrial Direct plunged after net income declined.

Burberry China Sales Soar, Barratt Reports Record 9-Year Home Completions

Sarla Buch
12 Jul, 2017
New York City

Burberry first-quarter revenues jumped on strong sales in the U.K. and China. The homebuilder Barratt Developments forecasted profit ahead of market expectations. CropEnergies revenues and operating profit surged. SSP said revenues in the third-quarter soared 15%.

PepsiCo Net Jumps on Price Increase, WD-40 Net Rises 40%

Mukesh Buch
11 Jul, 2017
New York City

Barracuda Networks revenues soared 9%. PepsiCo net jumped on higher pricing and stronger than expected growth in North America. VOXX International net loss narrowed. WD-40 net surged 14%.

Pearson Sell 22% Stake in Penguin Random House, M&S Revenues Jump

Sarla Buch
11 Jul, 2017
New York City

Marks and Spencer revenues in the first-quarter increased 2.7%. Pagegroup profit in the first-half surged 18%. Pearson agreed to sell its 22% stake in Penguin Random House to Bertelsmann. Sanofi intends to buy the U.S.-based privately-held vaccines maker.

Abercrombie & Fitch Faces Grim Future, Philip Morris Loses Australian Case

Mukesh Buch
10 Jul, 2017
New York City

Abercrombie & Fitch tumbled after specialty retailer terminated discussions about a potential deal. Helen of Troy net plunged 69%. Philip Morris lost a legal challenge in Australia.

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