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Brexit Worries Ease in Europe, HSBC Settles 14-Year Old Shareholder Suit

Sarla Buch
17 Jun, 2016
New York City

European markets rebounded after Brexit worries eased. HSBC Holdings agreed to settle 14-year old shareholder lawsuit for $1.58 bilion. JD Sports forecasted optimistic outlook. Tesco agreed to sell Dobbies Garden Centers for

Revlon to Acquires Elizabeth Arden, Oracle Struggles with Revenue Growth

Mukesh Buch
17 Jun, 2016
New York City

Finisar net jumped 80%. Oracle net rose 2% but revenues fell 1%. Revlon agreed to acquire Elizabeth Arden for $870 million. Smith & Wesson net and revenues surged. Viacom estimated profit in third-quarter to decline 25%.

Kroger Net Jumps, Korn-Ferry Plunges on Outlook

Mukesh Buch
16 Jun, 2016
New York City

Clarcor net jumped 39% but revenues declined 9%. Jabil Circuit net plunged 93% on flat revenues. Kroger net soared 10% on 5% increase in revenues. Korn-Ferry Intl profit plummeted 78% but revenues surged 48%. Rite Aid net swung to a loss and revenues surged 23%.

Brexit Anxieties Drive European Markets Lower, Swiss Banks in Focus

Sarla Buch
16 Jun, 2016
New York City

European markets turned lower on the growing anxieties as the EU membership referendum date approached near in the U.K. Banks led the decliners after Swiss central banks suggested UBS and Credit Suisse may need to raise more capital. Mulberry net swung to profit. Poundland profit tumbled 94%.

Bob Evans Profit Tumbles 89%, Johnson Publishing Divests Ebony and Jet

Mukesh Buch
15 Jun, 2016
New York City

Bob Evans net plunged 89% and the restaurant operator forecasted financial outlook that fell short of expectations. Johnson Publishing plans to sell-off its Ebony and digital-only publication Jet. Turning Point Brands profit tumbled 35%.

European Markets Halt 5-Day Losses, Areva to Split in 3 Companies

Mukesh Buch
15 Jun, 2016
New York City

Resource stocks lead market rebound. Air France said domestic pilot strike has cost more than

European Markets Extend 5-Day Losses

Sarla Buch
14 Jun, 2016
New York City

Daetwyler agreed to acquire U.K.-based smaller rival Premier Farnell for 1.09 billion Swiss francs. GAM tumbled after the investment manager forecasted operating profit in the first-half to drop 50%. Ashtead profit surged 51% to

John Wiley Net Plunges 27%, Motorcar Parts Revenues Surges 16%

Mukesh Buch
14 Jun, 2016
New York City

Isle of Capri Casinos net surged to $25 million. John Wiley & Sons profit plunged 27%. Motorcar Parts of America net plummeted 26% but revenues jumped 16%.

Microsoft to Buy LinkedIn for $26.2 B, Symantec to Acquires Blue Coat

Mukesh Buch
13 Jun, 2016
New York City

Microsoft agreed to acquire LinkedIn for $196 per share or $26.2 billion. Symantec plans to acquire privately held Blue Coat for $4.65 billion. Science Applications net was flat but revenues soared 20%. Synutra Intl net plunged on 22% decline in revenues.

Lafargeholcim to Sell Assets in 9 Countries, Schneider Revises Aveva Bid

Sarla Buch
13 Jun, 2016
New York City

Lafargeholcim decided 9 countries for asset divestments of about 3.5 billion Swiss franc including Saudi Arabia, South Korea and India. Siemens said it has no interest in robot maker Kuka targeted to

European Markets Extend Weekly Losses to 2%, Airbus to Raise

Sarla Buch
10 Jun, 2016
New York City

European market indexes extended weekly losses as the euro continued to rebound. Airbus intends to raise

H & R Block Surges, Mattress Firm Plunges and Agilysys Loss Narrows

Mukesh Buch
10 Jun, 2016
New York City

Agilysys net loss narrowed after revenues soared 11%. Cherokee net slumped 28%. H & R Block profit declined 5% on flat revenues. KMG Chemicals net surged more than three-fold. Mattress Firm Holding net swung to a loss despite revenues surged 49%.

European Markets Fall on Weak Oil, DONG Energy IPO Jumps 10%

Sarla Buch
09 Jun, 2016
New York City

Weak commodities drag European markets down 1%. DONG Energy public offering jumps 10%. Flybe net swung to profit. Glencore agreed to sell a 9.99% stake in its agricultural business for $625 million. Vodafone NZ Sky Network agreed to merge their New Zealand businesses in $2.4 billion transaction.

Smucker, Vail Resorts Jump; Restoration Hardware Plunges

Mukesh Buch
09 Jun, 2016
New York City

AEP Industries net soared 24%. ABM Industries profit tumbled 76%. J. M. Smucker net swung to profit after sales surged 25%. Restoration Hardware net swung to a loss and revenues advanced 8%. Vail Resorts net surged 18%.

European Markets Ease After China Exports Decline, Erste and UniCredit Drop

Sarla Buch
08 Jun, 2016
New York City

European Market indexes generally closed lower after China reported May exports declined 4%. Boohoo.Com revenues surged 42% and active customers soared 30%. CMC Markets profit surged 22% on 20% increase in revenues. Sainsbury sales rose. Workspace net jumped 8%.

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