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Hapag-Lloyd Loss Narrows, Deloitte UK Revenues Jumps 11%

Sarla Buch
29 Aug, 2017
New York City

Bunzl profit and revenues surged. Deloitte reported double-digit revenue growth. Hapag-Lloyd net loss narrowed on the improved transport volume. Mitie Group is facing UK regulatory investigation. Renault and Nissan to join electric car race in China.

Gilead in $11 B Deal with Kite Pharma, CBS to Buy Australia Based Network

Mukesh Buch
28 Aug, 2017
New York City

CBS Corp plans to acquire Australia-based Network Ten. Gilead Sciences to acquire immunotherapy developer Kite Pharma for $11.9 billion. Littelfuse intends to acquire smaller rival IXYS Corp for $750 million. Ulta Beauty results are ahead of expectation.

Altice to Buy Back

Sarla Buch
28 Aug, 2017
New York City

Altice plans to launch share buyback of

Big Lots Bucks Retail Downward Trend, Pure Storage Surges on Forecast

Mukesh Buch
25 Aug, 2017
New York City

Autodesk posted better-than-expected results. Big Lots profit surged 28% and lifted fiscal 2017 outlook. Net 1 UEPS Technologies net declined 54%. Pure Storage surged on improved fiscal revenues forecast. QAD net swung to a loss.

Aviva Sells Italian Bank Stake, Computacenter Surged on Strong Outlook

Sarla Buch
25 Aug, 2017
New York City

Aviva agreed to sell stake in its Italian subsidiary to Banco BPM. Computacenter profit surged and reaffirmed improved fiscal forecast. Havas net plunged 34% and agreed to acquire Israeli social media agency Blink. Henry Boot net jumped.

Abercrombie Soars on Earnings Beat; Investors Expect More from Tiffany

Mukesh Buch
24 Aug, 2017
New York City

Abercrombie & Fitch loss widened. Burlington Stores net more than doubled. Dollar Tree lifted fiscal year forecast. Patterson net plunged 21%. Perry Ellis reported better than expected earnings. Staples net swung to profit. Tiffany net jumped.

CRH in

Sarla Buch
24 Aug, 2017
New York City

CRH profit surged and agreed to sell Americas Distribution business for

Salesforce.com Rides Cloud Momentum; Intuit Net Swings to Profit

Mukesh Buch
23 Aug, 2017
New York City

American Eagle net reaffirmed comparable store sales estimate. Express surged despite net swung to a loss. Intuit net swung to profit. KLX reported stronger profit. Lowe''s plunged despite net and revenues surged. Regis net declined 77%. Salesforce.com net tumbled 92%.

Vedanta Profit Surges, WPP Plunges on Lower Fiscal Outlook

Sarla Buch
23 Aug, 2017
New York City

Maersk Tanker signed equity agreement with CargoMetrics to improve its tanker operations. Osram agreed to acquire the U.S.-based Digital Lumens. Vedanta Resources revenues surged on higher commodity prices and demand. WPP tumbled on lowered fiscal revenues forecast.

DSW, Daktronics, Kirkland's Surge; Coty, Nordson, Toll Brothers Decline

Mukesh Buch
22 Aug, 2017
New York City

American Woodmark net rose. Coty tumbled after net loss widened. DSW soared on improved profit. Daktronics net surged 53% on 10% jump in revenues. Kirkland''''s surged on reaffirmed fiscal 2017 earnings forecast. Toll Brothers net soared.

Rebound in Copper and Commodities Lift BHP and Antofagasta

Sarla Buch
22 Aug, 2017
New York City

Antofagasta quarterly performance surged on higher copper prices and sales volumes. BHP Billiton net swung to profit and plans to sell its U.S. shale operations. Provident Financial tumbled 71% after new profit warning. Zooplus net declined but revenues soared.

Herbalife Soars on Stock Buyback Plan, Sempra Bids Higher for Oncor

Mukesh Buch
21 Aug, 2017
New York City

B&G Foods agreed to acquire Back to Nature Foods for $162.5 million. Herbalife launched self-tender offer to buy back up to $600 million of shares and negotiated standstill agreement with Icahn. Sempra Energy offers more for Oncor surpassing Berkshire bid.

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.

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