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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.

Twitter Explores Sale as Growth Stalls, Finish Line Net Tumble

Mukesh Buch
23 Sep, 2016
New York City

AAR net tumbled 59% but revenues jumped 5%. Finish Line lifted comparable sales forecast despite profit in the second-quarter plunged 15%. Twitter surged 20% on media report that the microblogging site is exploring merger talks.

Petrobras in $5.2 B Deal with Brookfield, RWE Launches

Sarla Buch
23 Sep, 2016
New York City

Petrobras agreed to sell its 90% stake in natural gas pipeline unit to a consortium led by Canada-based Brookfield Asset Management. RWE

Bed Bath & Beyond Net Plunges, Herman Miller, Jabil Circuit Decline

Mukesh Buch
22 Sep, 2016
New York City

AutoZone net jumped 6%. Bed Bath & Beyond profit plunged 17%. Herman Miller net rose 8% on 6% increase in revenues. Jabil Circuit net plunged 57%. Red Hat profit and revenues surged. Rite Aid net tumbled 31%. Scholastic net loss narrowed after revenues soared 48%.

Maersk Separates Logistics and Energy Units; EDF Lowers Outlook

Sarla Buch
22 Sep, 2016
New York City

Maersk split its businesses into two independent divisions as the shipping company battles with severe downturn in oil industry. EDF lowered its nuclear output and profit forecast. Kier Group net swung to a loss. MDxHealth lifted annual revenue estimate. Suedzucker profit surged 56%.

Adobe, FedEx, KBH home Profit Rise; General Mills Net Falls

Mukesh Buch
21 Sep, 2016
New York City

Adobe Systems net and revenues soared. CarMax net declined 6% but sales rose. FedEx profit jumped 3%. General Mills net fell 4% on 7% decline in revenues and reaffirmed net sales growth in fiscal 2017. KBH home net soared 69%.

Santander Terminates Talks to RBS, BHP Vows to Fight Australian Tax Office

Sarla Buch
21 Sep, 2016
New York City

BHP vowed to defend $1 billion tax bill in Australia. Dise

Allergan Agrees to Acquire Tobira, Lennar Net Rises 6%

Mukesh Buch
20 Sep, 2016
New York City

Tobira Therapeutics surged seven-fold after liver treatment provider agreed to be acquired by Allergan for $1.7 billion. Ascena Retail net swung to profit on 55% jump in revenues. GM priced its all electric Chevrolet Bolt EV. Kmart may close 64 stores in the U.S. Lennar net jumped 6%.

Europe Movers: Bayer, Kingfisher, GVC Holdings, IG Group, Pennon

Sarla Buch
20 Sep, 2016
New York City

Bayer forecasted higher sales and earnings in all businesses. Kingfisher profit rose 1% and lifted annual profit forecast. GVC Holdings net swung to a loss but revenues surged. IG Group first-quarter revenues jumped 5%. Pennon estimated operating profit of

J&J in $4.3 B Deal with Abbott, Avnet, Infoblox Surge on M&A Talk

Mukesh Buch
19 Sep, 2016
New York City

AIG agreed to sell 20% stake in Ascot Underwriting to Canada Pension Plan. Avnet agreed to sell its IT unit to Tech Data for $2.6 billion. Eldorado Resorts agreed to buy Isle of Capri Casinos for $950 million. Infoblox agreed to be acquired by privately held Vista Equity.

Haldex Rejects Knorr-Bremse Offer, Mitie Tumbles on Forecast

Sarla Buch
19 Sep, 2016
New York City

Dairy Crest declined on full-year outlook. Haldex rejected higher offer from Knorr-Bremse. Mitie tumbled 28% on lowered full-year operating profit forecast. Rolls-Royce said it reduced additional 200 management roles.

Intel Lifts Revenue Forecast, Oracle Net Jumps 5%

Mukesh Buch
16 Sep, 2016
New York City

Unilever in negotiation to acquire retailer Honest Co for $1 billion. Intel lifted revenues and gross margin forecast for the third-quarter. Oracle profit jumped 5%. UPS plans to hire approx 95,000 seasonal employees between Novembers and through January 2017.

Deutsche Not Ready to Settle U.S. Claims, Unilever in Talks to Buy Honest

Sarla Buch
16 Sep, 2016
New York City

Deutsche Bank said it has no intention to settle

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