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Straumann Acquires India Based Dental Implants Maker, Persimmon Net Surges

Sarla Buch
23 Aug, 2016
New York City

Kier Group secured three major contracts worth about

Pfizer Offers $14 B for Medivation, Couche-Tard to Buy CST Brands

Mukesh Buch
22 Aug, 2016
New York City

Pfizer agreed to acquire prostate-cancer drug maker Medivation for $14 billion in cash. Intersil surged after the company is in final stages of merger negotiations with Renesas for about $3 billion. CST Brands agreed to be acquired by Canada-based Couche-Tard for $4.4 billion.

Syngenta Jumps on U.S. Approval, Teleperformance in $1.5 B Deal

Sarla Buch
22 Aug, 2016
New York City

Syngenta jumped after the U.S. national-security regulator approved $43 billion proposed acquisition by ChemChina. Teleperformance agreed to acquire LanguageLine for $1.52 billion. Kingspan profit and revenues surged and said net debt shrank. Safeland net declined 21%.

Emerson Electric in $3.2 B Deal with Pentair; Buckle, Deere, Gap Net Fall

Mukesh Buch
19 Aug, 2016
New York City

Buckle net and revenues plunged. Deere net fell on 11% drop in revenues but lifted profit forecast. Estee Lauder net tumbled. Emerson Electric agreed to acquire valves & controls business of Pentair for $3.15 billion. Foot Locker net rose. Gap net plunged 43%.

European Markets Trim Weekly Gains

Sarla Buch
19 Aug, 2016
New York City

21st Century lowered revenues forecast. 888 Holdings and The Rank abandoned its bid to merge with William Hill. UK Commercial Property Trust revenues and profit declined.

Cisco Net Surges, Wal-Mart Net Jumps on Same Store Sales Increase

Mukesh Buch
18 Aug, 2016
New York City

Wal-Mart reported eighth quarterly same store sales increase in a row and said net rose 9%. Cisco net surged 21% and the networking gear maker said it plans to eliminate up to 5,500 positions globally. Cato net rose 2% and lowered earnings forecast after sales dropped. Toro net jumped 5%.

Vestas Wind Profit Surge; Nestle Net Declines

Sarla Buch
18 Aug, 2016
New York City

Asda struggles with performance despite price declines. Co-operative Bank net loss narrowed. Kingfisher sales rose 8% to

Wall Street Reverses Earlier Losses; Target, Lowe's Fall on Outlook

Mukesh Buch
17 Aug, 2016
New York City

Analog Devices net soared 35%. American Eagle net jumped 5% on 35% surge in revenues. Eaton Vance net soared 14%. Lowe''''''''s net rose 4%. Madison Square agreed to acquire 12% stake in Townsquare Media. Staples net swung to a loss of $766 million. Target net and revenues plunged.

European Indexes Turn Lower; Admiral, Carlsberg, Wirecard Net Jump

Sarla Buch
17 Aug, 2016
New York City

Admiral Group said net income rose 3% on 14% jump in revenues and added its solvency ratio declined after the Brexit referendum. Balfour Beatty net loss narrowed. Carlsberg profit soared 25% but revenues fell 4%. Wirecard said revenues advanced 33%.

Home Depot Net Jumps, AIG Sells to United Guaranty for $3.4 B

Mukesh Buch
16 Aug, 2016
New York City

Aetna plans to severely cut number of states it offers health plan under Affordable Care Act. AIG agreed to sell United Guaranty for $3.4 billion. Cintas plans to buy G&K Services for $2.2 billion. Coty net swung to a loss. Dicks Sporting net rose. Home Depot net jumped. TJX net rose.

BHP Billiton Net Swing to Loss, Linde in Merger Talk with Praxair

Sarla Buch
16 Aug, 2016
New York City

BHP Billiton net swung to a loss of $6.4 billion and revenues plunged 31%. Deutsche EuroShop net fell 2%. John Wood net plunged 63% and awarded contract for $700 million in Kazakhstan. Linde is in merger talks with the U.S.-based rival Praxair.

Mid-America in $4 B Deal with Post Properties, Sysco Net Surges

Mukesh Buch
15 Aug, 2016
New York City

CSW Ind net plunged 53% on 5% decline in revenues. Honeywell is reportedly in talks to acquire JDA Software for $3 billion. Mid-America Apartment Communities agreed to acquire Post Properties for $4 billion. Sysco profit surged after revenues jumped 10%.

William Hill Rejects Higher Offer, Bovis Homes Net Jumps

Sarla Buch
15 Aug, 2016
New York City

Bovis Homes net and revenues surged. Hennes & Mauritz said sales in July soared 10%. Lonza agreed to acquire the U.S.-based nutraceuticals for $300 million. William Hill rejected revised higher merger offer.

J C Penney Net Loss Narrows; Dillard's, Nordstrom Profit Decline

Mukesh Buch
12 Aug, 2016
New York City

Applied Industrial net and revenues fell. Brookfield Asset Management net tumbled 71% but revenues soared 21%. Dillard''s profit declined 60%. J C Penney net loss narrowed and reaffirmed full-year comparable store sales forecast. Nordstrom net plunged 45%. Nvidia net surged.

Maersk Net Declines 88%; Deutsche Wohnen, Talanx Net Soar

Sarla Buch
12 Aug, 2016
New York City

AP Moeller Maersk net plunged 88% on 17% as average container freight rate declined 24% and 26% lower oil price. Deutsche Wohnen net surged 15%. Nationwide net swung to a profit

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