ticker

Toshiba Plunges 11% on Write Downs, Panasonic to Invest in Tesla Facility

Mukesh Buch
27 Dec, 2016
New York City

Alden Global acquired 24.8% stake in discount retailer Fred''s. Toshiba is expected to write down in billions of dollars linked to the purchase of U.S. nuclear power plants by its Westinghouse division. Tesla said Panasonic will invest $256 million in its New York production facility.

ECB Sets Strict Deadline for Paschi Capital Plan, Casino Guichard to Buy Cnova

Sarla Buch
27 Dec, 2016
New York City

The European Central Bank rejected plea for three-week extension to meet the capital shortfall to Banca Monte dei Paschi. Sports Direct sell its sportswear brand Dunlop for

Blackstone, ETP in Deal Talks, Cal-Maine Swings to Loss as Egg Price Plunge

Mukesh Buch
23 Dec, 2016
New York City

Blackstone is in talks to acquire $5 billion of assets from Energy Transfer Partners. Cintas net tumbled 59%. Cal-Maine net swung to a loss as egg prices drop 51% from a record high. Prestige Brands to buy C.B. Fleet for $825 million.

Deutsche and Credit Suisse in $12.5 B U.S. Settlement

Sarla Buch
23 Dec, 2016
New York City

Airbus signed a contract with Iran Air to deliver 100 jetliners. Air France-KLM agreed to sell 11.3% stake in Amadeus IT. U.S regulator settled with Credit Suisse and Deutsche Bank for selling faulty mortgage securities for $5.7 billion and $7.2 billion respectively.

Red Hat Net Surges; Bed Bath & Beyond, Conagra Brands Net Plunge

Mukesh Buch
22 Dec, 2016
New York City

Anadarko agreed to sell certain gas assets to Alta Marcellus. Berkshire Partners plan to acquire stake in Kendra Scott Design. Bed Bath & Beyond net tumbled 29%. Conagra Brands net plunged 21%. Micron Technology net plummeted 13%. Rite Aid net tumbled 29%. Red Hat net surged 45%.

Actelion, J&J in Merger Talk Again, Nokia Files Patent Suits Against Apple

Sarla Buch
22 Dec, 2016
New York City

Actelion re-entered in merger talks with Johnson & Johnson. Altice agreed to sell its Belgium and German businesses to Telenet for

Accenture, FedEx, Nike Profit Jump; Finish Line Net Loss widens

Mukesh Buch
21 Dec, 2016
New York City

AMC received conditional approval of the proposed $1.2 billion acquisition of rival Carmike. Accenture net surged 22%. FedEx net rose. Finish Line tumbled after net loss widened. Nike profit jumped. Paychex net and revenues soared 7%.

InBev Sells Africa Assets to Coca Cola, Italy Approves

Sarla Buch
21 Dec, 2016
New York City

AB InBev agreed to sell its 54.5% stake of African assets to the Coca-Cola for $3.2 billion. Allergan agreed to acquire LifeCell for $2.9 billion. Meggitt sell its Target Systems division to QinetiQ for

Linde, Praxair in $65 B Merger; Walgreens and RiteAid Inch Closer to Merge

Mukesh Buch
20 Dec, 2016
New York City

BlackBerry net loss widened on 47% decline in revenues but the mobile phone maker lifted adjusted profit outlook. CarMax net jumped. Darden net surged 84%. FactSet profit tumbled 33%. General Mills net plunged 9%. Praxair and Linde agreed to merge. Rite Aid agrees to sell stores to Fred

Lloyds to Acquire MBNA for

Sarla Buch
20 Dec, 2016
New York City

Innovia agreed to be acquired by Canada-based CCL. Lloyds Banking agreed to acquire MBNA for

Fairfax in $4.9 B Deal with Allied World, Lennar Profit Jumps 11%

Mukesh Buch
19 Dec, 2016
New York City

Apple challenged the European Union competition commission

Danone Lowers Forecast, SCA to Acquire BSN for

Sarla Buch
19 Dec, 2016
New York City

Braas Monier Building agreed to be acquired by the U.S.-based Standard Industries for $1.2 billion. Danone lowered fiscal sales forecast. Parkdean Resorts agreed to be acquired by Canada-based Onex for

Honeywell Reaffirms Q4 Outlook; Adobe Net Surges, Oracle Net Plunges

Mukesh Buch
16 Dec, 2016
New York City

Adobe net surged 79% on 23% jump in revenues. Cognizant agreed to acquire Australia-based insurance group Adaptra. Honeywell reaffirmed fourth-quarter earnings forecast. Ingles Markets net declined 12%. Jabil Circuit net tumbled 33%. Oracle profit dropped 7%.

EDF Lowered 2017 Outlook, Actelion One Step Closer to CHMP Approval

Sarla Buch
16 Dec, 2016
New York City

Actelion jumped after the European regulatory advisory committee issued positive opinion for the treatment of T-cell lymphoma. EDF lowered profit outlook for fiscal 2017. Johnston Press agreed to sell its unit to Iliffe News and Media.

21st Century Fox Moves on Sky Stake, Nucor Lowers Outlook

Mukesh Buch
15 Dec, 2016
New York City

Nucor lowered earnings outlook. RMR net income and revenues soared. Scholastic net jumped 5% and reaffirmed revenue forecast. Sanderson Farms net nearly tripled. Smart Sand net swung to a loss. 21st Century Fox agreed to acquire remaining stake in Sky for $23.4 billion.

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