ticker

DuPont in asset-swap deal with FMC, BlackBerry Soars with Profit on Horizon

Mukesh Buch
31 Mar, 2017
New York City

BlackBerry soared after net loss narrowed and said the company is expected to be profitable on an adjusted GAAP basis. Du Pont is in asset-swap deal with FMC Corp. Eagle Bulk Shipping said net loss widened. Silver Lake Partners and Broadcom offered $18 billion for chip unit of Toshiba.

DAX Leads First Quarter Gains Europe, J&J Bids for Actelion

Sarla Buch
31 Mar, 2017
New York City

Actelion received tender offer from Johnson & Johnson. Danone said it will sell its U.S. subsidiary Stonyfield to meet the regulatory requirements fo WhiteWave foods purchase. DX Group is in talks to acquire John Menzie. Phoenix Solar lifted revenue forecast.

Lululemon Tumbles on Weak Outlook;VF, Worthington Decline

Mukesh Buch
30 Mar, 2017
New York City

Dell Technologies said net loss widened but revenues soared. Lindsay net swung to profit. Lululemon tumbled on disappointed sales forecast. SAIC net soared 28%. VF plans for the five-year period through 2021. Worthington Ind net jumped 21%.

Booker Agrees to Merge with Tesco, H&M Drops on Inventory Worries

Sarla Buch
30 Mar, 2017
New York City

Booker agreed to be acquired by Tesco for

Westinghouse Files for Chapter 11, Vertex Surge on Positive Phase 3 Trial

Mukesh Buch
29 Mar, 2017
New York City

Paychex profit surged after improved segment revenues. Secureworks net loss narrowed after 26% jump in revenues. Westinghouse owned by Toshiba filed for bankruptcy protection. UniFirst revenues jumped. Verint net plunged. Vertex Pharma surged after positive phase 3 trial.

EU Blocks LSE and Deutsche Boerse Merger, TUI Reaffirms Outlook

Sarla Buch
29 Mar, 2017
New York City

The EU blocked

Amazon Acquires Middle East Rival, Darden Buys Southern Chain Cheddar

Mukesh Buch
28 Mar, 2017
New York City

Amazon agreed to buy Dubai-based Souq.com for $800 million. At Home net tumbled. Carnival lifted fiscal outlook. Darden agreed to acquire Cheddar

AA Profit Jumps on Cost Control, Cobham Rights Issue at 41% Discount

Sarla Buch
28 Mar, 2017
New York City

Roadside assistance provider AA raised dividend after pretax profit jumped and membership rose for the first time in nine years. Evotec revenues surged. Ladbrokes net swung to a loss on impairment charges. Tesco agreed to pay fine. Wolseley to exit from Nordics.

The EU Clears Dow, Du Pont Merger; G-III Apparel Plunges 13%

Mukesh Buch
27 Mar, 2017
New York City

Cal-Maine Foods revenues dropped 32% as egg prices skid. The European Commission approved Dow and Du Pont merger. G-III Apparel lifted first-quarter forecast. Gazit Globe net surged 39%. Zynerba Pharma net loss widened.

Ofcom Imposes Record Fine on BT, Indian Parts Maker Buys PKC

Sarla Buch
27 Mar, 2017
New York City

Accor is in talk to acquire Potel & Chabot for

GameStop, Finish Line Plunge Highlight Retailer Woes; REX Rebounds

Mukesh Buch
24 Mar, 2017
New York City

Basic Energy net loss widened after the oil driller emerged from prepackaged bankruptcy. Finish Line net swung to a loss. GameStop plunged after revenues declined. KB Home net jumped 9%. Micron Technology net swung to profit and revenues soared 58%. REX American net surged.

Telecom Italia Net Swing to Profit, IG Design Lifts Profit Outlook

Sarla Buch
24 Mar, 2017
New York City

Celyad net loss narrowed after revenues surged. IG Design estimated to achieve record revenues in the year. Smiths Group profit more than doubled. Telecom Italia net swung to profit and the parent Vivendi plans to separate its broadband network.

Accenture Rides Cloud Wave, Scholastic Loss Widens

Mukesh Buch
23 Mar, 2017
New York City

Accenture net plunged on higher costs but revenues jumped. Conagra Brands net tumbled 12%. Commercial Metals net soared on 8% jump in revenues. Cintas profit rose. Five Below net and revenues soared. PVH net declined 25% on flat revenues. Scholastic net loss widened.

Kier New Order Soars, U.K. Retailer Next Offers Cautious Outlook

Sarla Buch
23 Mar, 2017
New York City

BASF agreed to sell its leather chemicals assets to Stahl. IG Group said revenues in the third-quarter fell 4%. Ithaca Energy net loss narrowed. Kier profit surged and infrastructure developer booked new orders worth

With Future in Doubt Sears Plunges 15%, FedEx Net Jumps 11%

Mukesh Buch
22 Mar, 2017
New York City

Actuant net in the second-quarter swung to profit and reaffirmed revenues forecast. Bebe stores plans to close all retail stores but continue online operations and avoid bankruptcy filing. FedEx reaffirmed earnings forecast. Perry Ellis net swung to profit. Winnebago net soared.

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