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Carillion Tumbles 33%; Almirall Plunges on Inventory Build Up

Sarla Buch
10 Jul, 2017
New York City

Almirall plunged after Spain based drug maker lowered fiscal revenue forecast. Carillion tumbled on profit warning and the construction contractor wrote down

Berkshire to Buy Oncor for $9 B, Campbell Buys Pacific Foods

Mukesh Buch
07 Jul, 2017
New York City

Apache agreed to sell its three units in Canada for $713 million. Berkshire Hathaway Energy to bid for Texas power transmitter Oncor for $9 billion. Campbell Soup plans to acquire privately held Pacific Foods for $700 million. L Brands June sales decline.

Carrefour Falls on Margin Worries, Online Retailer Dunelm Sales Soar

Sarla Buch
07 Jul, 2017
New York City

Altrad Investment agreed to acquire the U.K.-based Cape Plc. Carrefour fell on profit margin worries. Dunelm sales surged on Worldstores acquisition. Comet Holding jumped on strong revenues. Fenner expects improved fiscal year profit. Meyer Burger won contract from REC.

QVC Buys Remaining 62% Stake in HSN, Costco Comparable Sales Up 6%

Mukesh Buch
06 Jul, 2017
New York City

AZZ net tumbled 37% on 14% drop in revenues. Costco comparable sales in June soared. Fred''s same store sales fell. Herman Miller net plummeted. Liberty Interactive QVC agreed to acquire remaining 62% stake in Home Shopping Network. PriceSmart net surged.

AB Food Lifted Forecast; Merck, GE and Canon Face EU Fines

Sarla Buch
06 Jul, 2017
New York City

AB Foods lifted fiscal profit outlook on strong sales at Primark. EU fined Merck, GE and Canon. Novae agreed to be acquired for

Vantiv Agrees to Buy Worldpay, KKR Pursues Australian Lender

Mukesh Buch
05 Jul, 2017
New York City

KKR made non-binding takeover offer to Australia-based Pepper Group for $498 million. Monogram Residential Trust agreed to be acquired by Greystar Real Estate Partners for $3 billion. Vantiv agreed to acquire U.K.-based rival Worldpay for $10 billion.

EU Approves Monte dei Paschi Bailout, JP Morgan Exited Vantiv Deal

Sarla Buch
05 Jul, 2017
New York City

Italian bank Monte dei Paschi received

Worldpay Receives

Sarla Buch
04 Jul, 2017
New York City

SKF faced legal challenge from Daimler AG. Sainsbury sales increased 2.7%. Ryanair passenger traffic in June jumped 12%. Stada said Bain and Cinven are preparing for a revised takeover offer. Worldpay surged after Vantiv and JPMorgan offered

Fourth Monthly Decline in U.S. Auto Sales; Bankrate in $1.2 B Deal

Mukesh Buch
03 Jul, 2017
New York City

AK Steel agreed to buy rival Precision Partners. Bankrate agreed to go private for $1.2 billion. Fiat Chrysler U.S. sales in June fell 7%. Ford sales in June slid 5%. GM U.S. sales in June dropped 5%. Intl Speedway net plunged 40%.

Total Invests

Sarla Buch
03 Jul, 2017
New York City

Danone to sell its U.S.-based unit Stonyfield for $875 million. EDF lifted Hinkley Point completion cost to

Berkshire to Exercise Bank of America Warrants, Nike Net Jumps

Mukesh Buch
30 Jun, 2017
New York City

American Outdoor Brands net declined. Berkshire Hathaway plans to buy 700 million shares in Bank of America. Franklin Covey net loss widened. Lindsay net soared 15% on 7% jump in revenues. Micron Technology net swung to profit. Nike profit jumped 19%.

Bayer Lowered Outlook, Trinity Mirror Expects Lower Revenues

Sarla Buch
30 Jun, 2017
New York City

Bayer lowered fiscal profit outlook on rising inventories in Brazil. Delivery Hero raised more than

Walgreens Revises Rite Aid Deal, ConAgra Expands Stock Repurchase Plan

Mukesh Buch
29 Jun, 2017
New York City

Acuity Brands net soared. Conagra net jumped 29% but sales declined 9%. Constellation Brands net surged. Greenbrier net fell 7%. McCormick lifted fiscal outlook. Rite Aid net loss widened. Walgreens Boots terminated merger deal with Rite Aid.

DS Smith to Buy Interstate Resources, J. Wood Issues Cautious Outlook

Sarla Buch
29 Jun, 2017
New York City

Co-op Bank secured

General Mills Beats Earnings on Lower Promotions; Monsanto Net Surges

Mukesh Buch
28 Jun, 2017
New York City

AeroVironment declined on weaker-than-expected fiscal first quarter outlook. CalAmp net loss was flat on weak sales. General Mills net soared 8% and packaged food maker lowered promotions costs. KB Home net more than doubled. Monsanto net soared 19%. UniFirst net plunged.

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