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Amazon Targets Grocery Business with Whole Foods Purchase

Mukesh Buch
16 Jun, 2017
New York City

Amazon agreed to acquire Whole Foods Market, Inc for $13.7 billion. Google faces $1.1 billion fine from the European Commission. Booz Allen is under SEC investigation for its billing practices. Wal-Mart agreed to buy online retailer Bonobos for $310 million.

BP and Reliance to Invest $6 B in India, Nestle May Sell US Candy Business

Sarla Buch
16 Jun, 2017
New York City

BP and India-based Reliance Ind plans to invest $6 billion in Krishna-Godavari (KG) basin. JCDecaux wins exclusive advertising contract in Panama Airport. Nestle is exploring options for its U.S. confectionery business. Tesco reported its strongest result in seven years.

Kroger Faces Perfect Grocery Industry Storm, Jabil Swings to Loss

Mukesh Buch
15 Jun, 2017
New York City

Alere said net loss in the quarter widened. Bob Evans net surged on the sale of restaurant unit. CSW Industrials net soared 42%. Jabil Circuit net swung to a loss. Kroger tumbled after profit declined 56% and the retailer lowered earnings forecast.

DFS Issues Earnings Warning, Drax Declares Dividend Plan

Sarla Buch
15 Jun, 2017
New York City

DFS Furniture issued earnings watch on sharp decline in demand. Drax Group plans to pay annual dividend of

H&R Block Jumps on Earnings Surprise, Culp Gains on Earnings Beat

Mukesh Buch
14 Jun, 2017
New York City

Culp Inc, the mattress maker said net income soared 32% and forecasted improved profit. H & R Block net jumped 12%. Liberty Tax said revenues jumped 7%. Motorcar Parts of America extended its five-year sales growth record.

Hexagon Discusses Merger with Rivals, Inditex Net Surges 18%

Sarla Buch
14 Jun, 2017
New York City

British American Tobacco plans to expand its vapor business as full-year cigarette volume is estimated to decline. Deutsche Boerse lifted profit estimate to increase as much as 15%. Hexagon surged on possible sale. Inditex profit jumped. WH Smith sales soared.

Verizon Merges Yahoo and AOL, Gymboree Filed for Chapter 11

Mukesh Buch
13 Jun, 2017
New York City

Axovant Sciences jumped after net surged 56%. Gymboree filed for Chapter 11 and seek to close s many as 450 stores. John Wiley & Sons profit soared. Tidewater net loss widened. Verizon today completed the acquisition of Yahoo.

Allied Irish Banks IPO to Raise

Sarla Buch
13 Jun, 2017
New York City

Ashtead group profit jumped after strong growth in the U.S. and in the U.K. Allied Irish Banks plans to raise up to

Aldi Plans $5 Billion U.S. Investment, Glencore Bids for Rio Coal Assets

Sarla Buch
12 Jun, 2017
New York City

Aldi plans to invest $3.4 billion in the U.S. for major expansion in next five-years. France based Dassault agreed to acquire Netherlands-based AITAC. Glencore offered $2.5 billion to Rio Tinto for its Australia-based coal assets. Stanley Gibbons is searching for a buyer.

Management Shakeup at GE, Golden Entertainment to Buy American Casino

Mukesh Buch
12 Jun, 2017
New York City

Golden Entertainment agreed to buy American Casino & Entertainment. GE announced CEO Jeff Immelt chief executive officer to step aside after 16 years in a management shakeup. Hamilton Lane assets under management jumped 11%. Honeywell agreed to acquire privately held Nextnine.

SoftBank and Alphabet in Robotics Deal, Digital Realty Acquires Dupont Fabros

Mukesh Buch
09 Jun, 2017
New York City

SoftBank agreed to acquire two robots business from Google''s parent Alphabet. Ascena Retail net swung to a loss. Digital Realty Trust agreed to acquire Dupont Fabros Technology for $7.6 billion. KMG Chemicals net fell. VeriFone net swung to a loss.

L'Oreal to Sell Body Shop for

Sarla Buch
09 Jun, 2017
New York City

Etihad reaffirmed its commitment to invest in Air Berlin. ADP lifted its stake in Turkish rival TAV Airports. Centrica to divest its Canadian oil assets to a China based consortium. L''Oreal to sell its Body Shop business for

Nordstrom Surged on Going Private Talks, Dell Net Swings to Loss

Mukesh Buch
08 Jun, 2017
New York City

Dell Technologies net swung to a loss despite PC shipments jumped 6.2%. Destination Maternity net swung to a loss. Nordstrom family is exploring to take the luxury retailer private. Smucker net tumbled 42%. Vail Resorts completes the purchase of Stowe Mountain Resort in Vermont.

Boohoo Lifted Forecast, Elis in

Sarla Buch
08 Jun, 2017
New York City

Auto Trader profit surged on 9% jump in revenues. Boohoo revenues doubled and raised

Navistar Struggles, Brown Forman Net Drops on Southern Comfort Sale

Mukesh Buch
07 Jun, 2017
New York City

Brown-Forman net tumbled 72% and the wine maker sold two premium liqueur brands. IDT net swung to a loss. Navistar net swung to a loss on weak truck and bus business. United Natural Foods lifted fiscal revenues forecast.

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