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Chevron, Exxon to Invest $37 B in Kazakhstan, Walgreens Net Falls

Mukesh Buch
06 Jul, 2016
New York City

Delta Air estimated passenger unit revenue to drop 5%. Chevron and Exxon approved $36.8 billion oil production expansion in Kazakhstan. Greenbrier net declined 17% on 14% drop in revenues. MSC Indl Direct net rose 2%. Walgreens net plunged 15%.

Balfour Beatty Wins Heathrow Airport Contract

Sarla Buch
05 Jul, 2016
New York City

Balfour Beatty secured contract worth about

Intl Speedway Net Jumps, Hostess Brand Agreed to a LBO Deal

Mukesh Buch
05 Jul, 2016
New York City

AZZ net and revenues soared. Blucora agreed to sell its Infospace business to OpenMail. Intl Speedway profit surged 63%. Noble Energy agreed to sell its 3% stake in the Tamar natural gas field. Hostess Brands agreed to be acquired by Gores Group for $725 million.

European Markets Fall, Sainsbury to Close Netto UK Stores

Sarla Buch
04 Jul, 2016
New York City

European market indexes traded down in volatile trading. ECB notified the Banca Monte dei Paschi di Siena to reduce bad loans by 2018. Sainsbury and Dansk Supermarketd terminated Netto UK stores venture. LSE investors approved merger agreement with Deutsche Boerse.

3-Day Rally in European Markets, News Corp to Buy Wireless Group

Sarla Buch
30 Jun, 2016
New York City

European market indexes extended 3-day gains led by financial and resource stocks. EDF is looking to sell 50% of its non-core assets to RTE unit for more than

ConAgra, Lindsay Net Tumble; Bassett Furniture, Darden Plunge

Mukesh Buch
30 Jun, 2016
New York City

ConAgra net tumbled 44% on 10% drop in revenues. Constellation Brands net and revenues surged. Darden Restaurants profit soared 33%. Lindsay net plummeted 26% on 12% decline in revenues. McCormick net jumped 11%. Paychex net and revenues soared.

General Mills Net Jumps; Monsanto, Nike Profit Drop

Mukesh Buch
29 Jun, 2016
New York City

Acuity Brands net and revenues soared. Schulman surged after net swung to profit on 16% jump in revenues. General Mills net soared 39%. Monsanto profit tumbled 37% on 9% decline in revenues. Nike profit fell but revenues jumped 6%. Worthington Ind net more than doubled.

Surge in European Markets Extend Weekly Gain, Vodafone May Move HQ

Sarla Buch
29 Jun, 2016
New York City

European markets extended the rebound led by a surge in pharmaceutical stocks. The weaker pound also lifted large cap stocks in London trading. BT Group revised financial results of last two years. Siemens plans to invest

Carnival, FactSet Research Profit Soar; IHS Net Falls

Mukesh Buch
28 Jun, 2016
New York City

Barnes & Noble net loss widened but revenues jumped 8%. Carnival net nearly tripled and lifted earnings outlook. FactSet Research net jumped 9% on 13% increase in revenues. IHS profit fell 2%.

European Markets in Tentative Rebound, VW Settles U.S. Claims

Sarla Buch
28 Jun, 2016
New York City

Market indexes across the euro zone rebounded but trading sentiment was tentative. Political leaders in the U.K. face a challenging task in preserving tariff free access to the European Union. Ocado net surged 19%. Volkswagen agreed to pay $14.7 billion in order to settle U.S. claims.

Medtronic in $1.1 B Deal with HeartWare, Judge Sides with Energy Transfer

Mukesh Buch
27 Jun, 2016
New York City

Delaware judge ordered Energy Transfer Equity can exit from its proposed $19.86 billion acquisition of Williams Co. Medtronic agreed to acquire HeartWare Intl for $1.1 billion. Skullcandy received an unsolicited proposal.

European Leaders Struggle to Calm Markets After Brexit

Sarla Buch
27 Jun, 2016
New York City

European markets extended two-day losses to more than 5% and the U.K. pound fell deeper. European politicians and central bankers worked together to calm markets. K&S forecasted operating profit in the first-half to decline due to lower selling prices in potash and magnesium products.

U.K. Voters Prefer to Leave European Union, Pound Plunges 10%

Sarla Buch
24 Jun, 2016
New York City

World markets dived and the U.K. pound plunged 10% after voters in the U.K. favoured to leave the European Union. London Stock Exchange and Deutsche B

Bed Bath & Beyond Net Plunges 23%, BlackBerry Net Swings to Loss

Mukesh Buch
23 Jun, 2016
New York City

Accenture net surged 11% and the information services provider lifted earnings forecast. BlackBerry net swung to a loss after revenues declined 39%. Bed Bath & Beyond net plunged 23% on flat revenues. Red Hat profit soared 27% on 18% jump in revenues.

European Markets Await Brexit Vote, DS Smith, James Latham Net Jump

Sarla Buch
23 Jun, 2016
New York City

DS Smith profit soared 7% to

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