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EU Demands $14.6 B in Tax from Apple, Abercrombie & Fitch Plunges

Mukesh Buch
30 Aug, 2016
New York City

European Union regulators fined and demanded back taxes of $14.6 billion from Apple Inc. Abercrombie & Fitch plunged after net loss widened. DSW net declined 34%. G-III lowered fiscal outlook. Mondelez dropped its pursuit of Hershey. TiVo net surged 61% but revenues declined.

Barclays Exits Italian Retail Business; Bunzl and Braemar in Focus

Sarla Buch
30 Aug, 2016
New York City

Bunzl completed the acquisition in Canada and agreed to buy Hungary-based food services supplier. Braemar Shipping plunged after weak fiscal outlook. Mediobanca agreed to buy Barclays

Mylan to Launch Cheaper Generic Version of EpiPen

Manish Shah
29 Aug, 2016
New York City

Aleris agreed to be acquired by the rival China Zhongwang for $2.3 billion. Cemex agreed to sell its several U.S. assets to Grupo Cementos. Mylan will launch cheaper generic version of EpiPen only after public outcry. USG agreed to sell its distribution unit for $670 million.

Alstom in

Sarla Buch
29 Aug, 2016
New York City

Alstom won a contract from the U.S. based Amtrak to build 28 new high-speed trains for

Big Lots, Dollar General, Tiffany Net Rise; Dollar Tree Lower Outlook

Mukesh Buch
26 Aug, 2016
New York City

Big Lots net rose and lifted earnings forecast. Berry Plastics agreed to acquire AEP Industries for $765 million in cash and stock. Dollar Tree lowered full-year sales outlook. Dollar General net soared 9%. Tiffany net rose but revenues fell.

Gemalto Net Surges on Flat Revenues, Vivendi Profit Plunges 54%

Sarla Buch
26 Aug, 2016
New York City

Gemalto profit surged on flat revenues. The Restaurant Group net swung to a loss and plans to sell or close 33 underperforming sites and impair the asset value of a further 29 sites. Segro agreed to sell Heston & Airlinks Indl Estate for

Best Buy, Daktronics, Nordson, Smucker, Toll Brothers Profit Jump

Mukesh Buch
23 Aug, 2016
New York City

Best Buy net income surged as online sales soared 24%. Daktronics net soared. Nordson lifted revenues forecast. Premier said net income and revenues advanced. Regis net swung to profit. Smucker net soared 25% but revenues declined. Toll Brothers net and revenues surged.

Straumann Acquires India Based Dental Implants Maker, Persimmon Net Surges

Sarla Buch
23 Aug, 2016
New York City

Kier Group secured three major contracts worth about

Pfizer Offers $14 B for Medivation, Couche-Tard to Buy CST Brands

Mukesh Buch
22 Aug, 2016
New York City

Pfizer agreed to acquire prostate-cancer drug maker Medivation for $14 billion in cash. Intersil surged after the company is in final stages of merger negotiations with Renesas for about $3 billion. CST Brands agreed to be acquired by Canada-based Couche-Tard for $4.4 billion.

Syngenta Jumps on U.S. Approval, Teleperformance in $1.5 B Deal

Sarla Buch
22 Aug, 2016
New York City

Syngenta jumped after the U.S. national-security regulator approved $43 billion proposed acquisition by ChemChina. Teleperformance agreed to acquire LanguageLine for $1.52 billion. Kingspan profit and revenues surged and said net debt shrank. Safeland net declined 21%.

Emerson Electric in $3.2 B Deal with Pentair; Buckle, Deere, Gap Net Fall

Mukesh Buch
19 Aug, 2016
New York City

Buckle net and revenues plunged. Deere net fell on 11% drop in revenues but lifted profit forecast. Estee Lauder net tumbled. Emerson Electric agreed to acquire valves & controls business of Pentair for $3.15 billion. Foot Locker net rose. Gap net plunged 43%.

European Markets Trim Weekly Gains

Sarla Buch
19 Aug, 2016
New York City

21st Century lowered revenues forecast. 888 Holdings and The Rank abandoned its bid to merge with William Hill. UK Commercial Property Trust revenues and profit declined.

Cisco Net Surges, Wal-Mart Net Jumps on Same Store Sales Increase

Mukesh Buch
18 Aug, 2016
New York City

Wal-Mart reported eighth quarterly same store sales increase in a row and said net rose 9%. Cisco net surged 21% and the networking gear maker said it plans to eliminate up to 5,500 positions globally. Cato net rose 2% and lowered earnings forecast after sales dropped. Toro net jumped 5%.

Vestas Wind Profit Surge; Nestle Net Declines

Sarla Buch
18 Aug, 2016
New York City

Asda struggles with performance despite price declines. Co-operative Bank net loss narrowed. Kingfisher sales rose 8% to

Wall Street Reverses Earlier Losses; Target, Lowe's Fall on Outlook

Mukesh Buch
17 Aug, 2016
New York City

Analog Devices net soared 35%. American Eagle net jumped 5% on 35% surge in revenues. Eaton Vance net soared 14%. Lowe''''''''s net rose 4%. Madison Square agreed to acquire 12% stake in Townsquare Media. Staples net swung to a loss of $766 million. Target net and revenues plunged.

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