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Air Liquide, Orange, SVG Capital in Focus; Tesco Net Loss Narrows

Sarla Buch
05 Oct, 2016
New York City

Air Liquide is in talk to sell its scuba diving-equipment unit to Montagu Private Equity. Orange received regulatory approval to acquire 65% stake of Groupama Banque. SVG Capital agreed to sell 50% of its investment portfolio. Tesco net loss narrowed but sales jumped.

Janus in $6 B Deal with Henderson, Salesforce.com to Acquires Krux

Mukesh Buch
04 Oct, 2016
New York City

Computer Services net jumped 9%. Darden Restaurants profit surged 28% and the restaurant operator lifted outlook. Janus Capital agreed to be acquired by the London-based Henderson for about $6 billion. Krux agreed to be acquired by Salesforce.com for $700 million.

LVMH to Buys Rimowa for

Sarla Buch
04 Oct, 2016
New York City

BP said about 95 tons oil spilled from Clair platform. Carillion won a seven-year contract from Nationwide Building. Ericsson intends to reduce 3,000 domestic positions. LVMH agreed to buy Germany-based Rimowa for

GM, Ford, Chrysler September Sales Fall; Bass Pro to Acquire Cabelas

Mukesh Buch
03 Oct, 2016
New York City

Cabelas agreed to be acquired by rival Bass Pro Shops for $5.5 billion. Dover agreed to buy Italy-based Ravaglioli. Fiat, Ford, GM U.S. auto sales in September declined. PTC lifted bookings forecast. Tesla Motors auto deliveries jump.

Europe Movers: AstraZeneca, ITE Group, Londonmetric, Tesco, Vallourec

Sarla Buch
03 Oct, 2016
New York City

AstraZeneca entered into a worldwide licensing agreement with the U.S.-based Allergan for the medi2070. ITE Group said revenue in the year fell 2%. Londonmetric Property agreed to sell two retail parks for

Costco, McCormick Net Rise, Cosi Files Bankruptcy

Mukesh Buch
30 Sep, 2016
New York City

BGC Partners lowered third-quarter revenues forecast. Costco net increased 2%. CalAmp net declined 86% but revenues jumped 30%. Cosi filed voluntary Chapter 11 petition. McCormick profit surged 31% and the spice maker lifted earnings forecast.

European Indexes Extended Quarterly Gains, Santander Offered Upbeat Outlook

Sarla Buch
30 Sep, 2016
New York City

Banco Santander offered positive outlook for the next two years but fell short of expectations. Canada based Fiera Capital agreed to buy London-based Charlemagne Capital for

Accenture, PepsiCo Net Surge; ConAgra, Progress Net Swing to Profit

Mukesh Buch
29 Sep, 2016
New York City

Accenture net soared 13% on 8% jump in revenues and lifted revenue forecast. Bassett Furniture net and sales fell. ConAgra net swung to profit but revenues dropped 5%. PepsiCo profit surged and lifted earnings outlook. Progress Software net swung to profit after revenues jumped.

Commerzbank Plans 9,600 Job Cuts, Deutsche Post to Buys UK Mail

Sarla Buch
29 Sep, 2016
New York City

Commerzbank plans to reduce 9,600 jobs. Deutsche Post DHL agreed to buy the UK Mail for

Cintas, Nike, Paychex, Worthington Net Surge; Actuant Net Plunges

Mukesh Buch
28 Sep, 2016
New York City

Actuant net plunged 21% on 8% decline in revenues. BlackBerry net swung to a loss after revenues plunged 32%. Cintas net soared 38%. Ferrellgas Partners net loss widened but sales jumped. Nike net and revenues soared. Paychex net rose 4%. Worthington profit double.

Inbev Nears SABMiller Merger; Clinigen, Smiths Group Net Jump

Sarla Buch
28 Sep, 2016
New York City

AA net swung to profit. Clinigen net more than doubled driven by two acquisitions. EDF said British Government confirmed to construct two nuclear reactors. Smiths Group profit soared 5%. AB Inbev won approval from its shareholders to merge SABMiller.

Ennis, SYNNEX, Thor Jump; FactSet Eases on Slowdown Worries

Mukesh Buch
27 Sep, 2016
New York City

Ennis net declined 38% and revenues plunged 9%. FactSet Research profit soared 132% on 10% jump in revenues. Neogen net and revenues advanced. SYNNEX profit surged 22%. Thor Industries net jumped 7% on 22% increase in revenues.

Card Factory, Wolseley Profit Surge; Thomas Cook Booking Drops 4%

Sarla Buch
27 Sep, 2016
New York City

Card Factory profit soared 13% on 5% jumped in revenues. Commerzbank plans to reduce 9,000 jobs and cut its dividend as the bank embarks on multi-year restructuring. Legal & General said its retirement division doubled its new business to

CBOE to Acquire BATS for $3.2 B, Pfizer will not Split

Mukesh Buch
26 Sep, 2016
New York City

BATS Global agreed to be acquired by rival CBOE for $3.2 billion. Carnival net surged 16% on 5% jump in revenues. Cal-Maine net swung to a loss after sales plunged 61%. Pfizer said it will not split at this time. Vail Resorts net loss narrowed and revenues soared 11%.

Lanxess Plans to Acquire Chemtura, Axel Increases Car&Boat Stake

Sarla Buch
26 Sep, 2016
New York City

Axel Springer agreed to acquire additional 39% stake in France based Car&Boat Media. Aryzta profit tumbled 87%. Lanxess plans to acquire the US-based rival Chemtura for $2.1 billion. Lamprell secured a new rig contract from Norway-based Jacktel.

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