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American Software Net Jumps; Sonic, Finish Line Net Plunge

Mukesh Buch
24 Jun, 2016
New York City

American Software net soared 32%. Finish Line net plunged 30% and lifted comparable store sales outlook. Synnex net slumped 15% but revenues 4%. Sonic profit declined 25%.

Tesla Offered $2.8 B to SolarCity; Adobe Net Surges, FedEx Loss Narrows

Mukesh Buch
22 Jun, 2016
New York City

Actuant net plunged 44%. Adobe Systems net surged 66% on 20% jump in revenues. FedEx net loss narrowed and revenues soared 7%. KB Home net and revenues surged. SiteOne Landscape net loss narrowed. Tesla offered to buy SolarCity for $2.8 billion.

European Markets Extend Weekly Gains, Merlin and Metrovacesa to Merge

Sarla Buch
22 Jun, 2016
New York City

European markets soared more than 1% and extended weekly gains and banks led the gainers. Spain-based Merlin agreed to merge with Metrovacesa and for the largest real estate group in the country. Debenhams estimated gross margin in the year to be flat.

Boeing to Sell Jets to Tehran, Lennar Profit Surges 19%

Mukesh Buch
21 Jun, 2016
New York City

Boeing signed an agreement with Iran Air to sell its jetliner aircrafts. GE plans to sell its remaining stake of 20% in Hyundai Capital. CarMax net declined 4%. Impax Labs intends to acquire generic drugs business from Teva Pharma and Allergan. Lennar profit surged 19%.

Kion in $3.3 B Deal with Dematic, Tele2 Plans to Buy TDC Sweden

Sarla Buch
21 Jun, 2016
New York City

Altice completed the purchase of Cablevision Systems. Kion agreed to acquire the U.S.-based privately held Dematic for $3.25 billion. Petrofac said profit in the first-half is in-line with the previous estimate. Chemring net loss widened. Tele2 plans to buy domestic subsidiary of rival TDC Sweden.

Icahn Revises Federal Mogul Minority Offer, Twitter to Acquire Magic Pony

Mukesh Buch
20 Jun, 2016
New York City

Elliott Management and Francisco Partners are in preliminary talks with Dell to buy software division for more than $2 billion. Federal-Mogul received revised offer from Icahn Entp for minority stake. Marathon Oil agreed to acquire PayRock for $888 million. Twitter agreed to buy Magic Pony.

European Markets Soar 3%; Gamesa, Siemens to Merge Wind Power Units

Sarla Buch
20 Jun, 2016
New York City

European markets soared more than 3% after Brexit worries eased. Gamesa and Siemens agreed to merge their wind power businesses. Majestic Wine profit tumbled 83% and lifted sales outlook. Palfinger plans to acquire Norway-based TTS Group.

Brexit Worries Ease in Europe, HSBC Settles 14-Year Old Shareholder Suit

Sarla Buch
17 Jun, 2016
New York City

European markets rebounded after Brexit worries eased. HSBC Holdings agreed to settle 14-year old shareholder lawsuit for $1.58 bilion. JD Sports forecasted optimistic outlook. Tesco agreed to sell Dobbies Garden Centers for

Revlon to Acquires Elizabeth Arden, Oracle Struggles with Revenue Growth

Mukesh Buch
17 Jun, 2016
New York City

Finisar net jumped 80%. Oracle net rose 2% but revenues fell 1%. Revlon agreed to acquire Elizabeth Arden for $870 million. Smith & Wesson net and revenues surged. Viacom estimated profit in third-quarter to decline 25%.

Kroger Net Jumps, Korn-Ferry Plunges on Outlook

Mukesh Buch
16 Jun, 2016
New York City

Clarcor net jumped 39% but revenues declined 9%. Jabil Circuit net plunged 93% on flat revenues. Kroger net soared 10% on 5% increase in revenues. Korn-Ferry Intl profit plummeted 78% but revenues surged 48%. Rite Aid net swung to a loss and revenues surged 23%.

Brexit Anxieties Drive European Markets Lower, Swiss Banks in Focus

Sarla Buch
16 Jun, 2016
New York City

European markets turned lower on the growing anxieties as the EU membership referendum date approached near in the U.K. Banks led the decliners after Swiss central banks suggested UBS and Credit Suisse may need to raise more capital. Mulberry net swung to profit. Poundland profit tumbled 94%.

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