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Microsoft to Buy LinkedIn for $26.2 B, Symantec to Acquires Blue Coat

Mukesh Buch
13 Jun, 2016
New York City

Microsoft agreed to acquire LinkedIn for $196 per share or $26.2 billion. Symantec plans to acquire privately held Blue Coat for $4.65 billion. Science Applications net was flat but revenues soared 20%. Synutra Intl net plunged on 22% decline in revenues.

Lafargeholcim to Sell Assets in 9 Countries, Schneider Revises Aveva Bid

Sarla Buch
13 Jun, 2016
New York City

Lafargeholcim decided 9 countries for asset divestments of about 3.5 billion Swiss franc including Saudi Arabia, South Korea and India. Siemens said it has no interest in robot maker Kuka targeted to

European Markets Extend Weekly Losses to 2%, Airbus to Raise

Sarla Buch
10 Jun, 2016
New York City

European market indexes extended weekly losses as the euro continued to rebound. Airbus intends to raise

H & R Block Surges, Mattress Firm Plunges and Agilysys Loss Narrows

Mukesh Buch
10 Jun, 2016
New York City

Agilysys net loss narrowed after revenues soared 11%. Cherokee net slumped 28%. H & R Block profit declined 5% on flat revenues. KMG Chemicals net surged more than three-fold. Mattress Firm Holding net swung to a loss despite revenues surged 49%.

European Markets Fall on Weak Oil, DONG Energy IPO Jumps 10%

Sarla Buch
09 Jun, 2016
New York City

Weak commodities drag European markets down 1%. DONG Energy public offering jumps 10%. Flybe net swung to profit. Glencore agreed to sell a 9.99% stake in its agricultural business for $625 million. Vodafone NZ Sky Network agreed to merge their New Zealand businesses in $2.4 billion transaction.

Smucker, Vail Resorts Jump; Restoration Hardware Plunges

Mukesh Buch
09 Jun, 2016
New York City

AEP Industries net soared 24%. ABM Industries profit tumbled 76%. J. M. Smucker net swung to profit after sales surged 25%. Restoration Hardware net swung to a loss and revenues advanced 8%. Vail Resorts net surged 18%.

European Markets Ease After China Exports Decline, Erste and UniCredit Drop

Sarla Buch
08 Jun, 2016
New York City

European Market indexes generally closed lower after China reported May exports declined 4%. Boohoo.Com revenues surged 42% and active customers soared 30%. CMC Markets profit surged 22% on 20% increase in revenues. Sainsbury sales rose. Workspace net jumped 8%.

Cantel, Greif Net Soar; Lululemon, Ferrellgas Net Drop

Mukesh Buch
08 Jun, 2016
New York City

Brown-Forman net surged more than three-fold. Cantel Medical net and sales soared. Ferrellgas Partners profit plunged 48%. Greif net soared 50% but revenues declined 8%. Lululemon net fell 5% while revenues soared 17%. Piedmont Natural Gas revenues plummeted 18%.

Shell Exits from 10 Nations, RIT and Alliance Trust Terminate Merger Plan

Sarla Buch
07 Jun, 2016
New York City

Royal Dutch Shell plans to exit from oil and gas operations from as many as 10 countries but continue to operate in 13 nations. Sports Direct soared after successfully defending U.K. inquiry. RIT Capital terminated merger discussion with Alliance Trust.

Valeant Tumbles After Quarterly Losses, Ralph Lauren to Restructure

Mukesh Buch
07 Jun, 2016
New York City

HD Supply and Valeant Pharma net swung to a loss. Hooker Furniture net declined 29% but revenues more than doubled. Michaels profit and revenues jumped. Navistar lowered fiscal outlook. Verizon plans a second bid for internet business of Yahoo.

easyJet Traffic in May Jumps, Intertrust Acquires Electra Partners for

Sarla Buch
06 Jun, 2016
New York City

easyJet passenger count in May jumped 5.7% but load factor edged down. Intertrust agreed to acquire Elian Group from Electra Partners LLP for about

BlackRock in $2.5 B Deal with Qatar Investment, Qlink Goes Private

Mukesh Buch
06 Jun, 2016
New York City

BlackRock agreed to sell its Singapore-based 43-story office building to Qatar Investment for $2.45 billion. Calavo Growers net jumped 14%. salesforce.com will commence $2.8 billion offer to acquire Demandware Inc. Thoma Bravo agreed to take private Qlik Technologies for $3 billion.

Cooper, IDT Rise; Sears Hometown, Zumiez Fall

Mukesh Buch
03 Jun, 2016
New York City

Ambarella net and revenues tumbled. Cooper Companies net soared 22%. Five Below net surged 58% on 25% increase in revenues. Hurco net declined 8% but revenues jumped 4%. IDT revenues slumped 8%. Sears Hometown net swung to a loss.

European Markets Trim Weekly Gains, Accor Leads on China Stake Increase

Sarla Buch
03 Jun, 2016
New York City

European markets trimmed weekly gains and retail sales in April were stable. Accor jumped after China-based Jin Jiang intends to increase its stake to 29%. BP agreed to settle $175 million shareholder lawsuit linked to Gulf of Mexico spill. Total SA plans to divest its Atotech valued at

Rates on Hold in Europe, Munich Re to Cut 1,800 Jobs

Sarla Buch
02 Jun, 2016
New York City

ECB held interest rates and lowered growth outlook. Cobham wins a contract from Airbus. Johnson Matthey net declined 24%. Ryanair traffic in May surged 12% and the discount airline cut baggage fees by 50%. Munich Re plans to lay off 1,800 employees. Voestalpine forecasted stable steel prices.

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