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Surge in European Markets Extend Weekly Gain, Vodafone May Move HQ

Sarla Buch
29 Jun, 2016
New York City

European markets extended the rebound led by a surge in pharmaceutical stocks. The weaker pound also lifted large cap stocks in London trading. BT Group revised financial results of last two years. Siemens plans to invest

Carnival, FactSet Research Profit Soar; IHS Net Falls

Mukesh Buch
28 Jun, 2016
New York City

Barnes & Noble net loss widened but revenues jumped 8%. Carnival net nearly tripled and lifted earnings outlook. FactSet Research net jumped 9% on 13% increase in revenues. IHS profit fell 2%.

European Markets in Tentative Rebound, VW Settles U.S. Claims

Sarla Buch
28 Jun, 2016
New York City

Market indexes across the euro zone rebounded but trading sentiment was tentative. Political leaders in the U.K. face a challenging task in preserving tariff free access to the European Union. Ocado net surged 19%. Volkswagen agreed to pay $14.7 billion in order to settle U.S. claims.

Medtronic in $1.1 B Deal with HeartWare, Judge Sides with Energy Transfer

Mukesh Buch
27 Jun, 2016
New York City

Delaware judge ordered Energy Transfer Equity can exit from its proposed $19.86 billion acquisition of Williams Co. Medtronic agreed to acquire HeartWare Intl for $1.1 billion. Skullcandy received an unsolicited proposal.

European Leaders Struggle to Calm Markets After Brexit

Sarla Buch
27 Jun, 2016
New York City

European markets extended two-day losses to more than 5% and the U.K. pound fell deeper. European politicians and central bankers worked together to calm markets. K&S forecasted operating profit in the first-half to decline due to lower selling prices in potash and magnesium products.

U.K. Voters Prefer to Leave European Union, Pound Plunges 10%

Sarla Buch
24 Jun, 2016
New York City

World markets dived and the U.K. pound plunged 10% after voters in the U.K. favoured to leave the European Union. London Stock Exchange and Deutsche B

Bed Bath & Beyond Net Plunges 23%, BlackBerry Net Swings to Loss

Mukesh Buch
23 Jun, 2016
New York City

Accenture net surged 11% and the information services provider lifted earnings forecast. BlackBerry net swung to a loss after revenues declined 39%. Bed Bath & Beyond net plunged 23% on flat revenues. Red Hat profit soared 27% on 18% jump in revenues.

European Markets Await Brexit Vote, DS Smith, James Latham Net Jump

Sarla Buch
23 Jun, 2016
New York City

DS Smith profit soared 7% to

American Software Net Jumps; Sonic, Finish Line Net Plunge

Mukesh Buch
24 Jun, 2016
New York City

American Software net soared 32%. Finish Line net plunged 30% and lifted comparable store sales outlook. Synnex net slumped 15% but revenues 4%. Sonic profit declined 25%.

Tesla Offered $2.8 B to SolarCity; Adobe Net Surges, FedEx Loss Narrows

Mukesh Buch
22 Jun, 2016
New York City

Actuant net plunged 44%. Adobe Systems net surged 66% on 20% jump in revenues. FedEx net loss narrowed and revenues soared 7%. KB Home net and revenues surged. SiteOne Landscape net loss narrowed. Tesla offered to buy SolarCity for $2.8 billion.

European Markets Extend Weekly Gains, Merlin and Metrovacesa to Merge

Sarla Buch
22 Jun, 2016
New York City

European markets soared more than 1% and extended weekly gains and banks led the gainers. Spain-based Merlin agreed to merge with Metrovacesa and for the largest real estate group in the country. Debenhams estimated gross margin in the year to be flat.

Boeing to Sell Jets to Tehran, Lennar Profit Surges 19%

Mukesh Buch
21 Jun, 2016
New York City

Boeing signed an agreement with Iran Air to sell its jetliner aircrafts. GE plans to sell its remaining stake of 20% in Hyundai Capital. CarMax net declined 4%. Impax Labs intends to acquire generic drugs business from Teva Pharma and Allergan. Lennar profit surged 19%.

Kion in $3.3 B Deal with Dematic, Tele2 Plans to Buy TDC Sweden

Sarla Buch
21 Jun, 2016
New York City

Altice completed the purchase of Cablevision Systems. Kion agreed to acquire the U.S.-based privately held Dematic for $3.25 billion. Petrofac said profit in the first-half is in-line with the previous estimate. Chemring net loss widened. Tele2 plans to buy domestic subsidiary of rival TDC Sweden.

Icahn Revises Federal Mogul Minority Offer, Twitter to Acquire Magic Pony

Mukesh Buch
20 Jun, 2016
New York City

Elliott Management and Francisco Partners are in preliminary talks with Dell to buy software division for more than $2 billion. Federal-Mogul received revised offer from Icahn Entp for minority stake. Marathon Oil agreed to acquire PayRock for $888 million. Twitter agreed to buy Magic Pony.

European Markets Soar 3%; Gamesa, Siemens to Merge Wind Power Units

Sarla Buch
20 Jun, 2016
New York City

European markets soared more than 3% after Brexit worries eased. Gamesa and Siemens agreed to merge their wind power businesses. Majestic Wine profit tumbled 83% and lifted sales outlook. Palfinger plans to acquire Norway-based TTS Group.

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