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Citigroup, JP Morgan, Wells Fargo Earnings Lift Market Sentiment

Mukesh Buch
12 Oct, 2018
New York City

Citigroup reported better-than-expected quarterly profit on higher bond trading. First Republic Bank beat profit estimates. JP Morgan Chase revenue jumped above expectations. Wells Fargo revenues rebound after the bank revamps operations.

TransDigm and Esterline in $4 B Deal, Fastenal Rides Manufacturing Boom

Mukesh Buch
10 Oct, 2018
New York City

Chubb said net loss in the third-quarter attributable to natural catastrophes was $450 million. Fastenal Co reported better-than-expected results after strong demand. IDT Corp swung to profit on improved revenues. TransDigm agreed to acquire Esterline Technologies.

Asset Managers Ashmore and MAN Report Strong Net Inflows

Sarla Buch
12 Oct, 2018
New York City

Ashmore Group and Man Group said net assets under management jumped on strong asset inflows. ArcelorMittal agreed to sell its four European steel plants to meet the regulatory requirements.

Dialog Semiconductor in Deal with Apple, Mondi Operating Profit Up 30%

Sarla Buch
11 Oct, 2018
New York City

Dialog Semi signed a chip license agreement with Apple Inc. Gemalto and Thales said the merger deal approval may take longer than expected. Hays reported quarterly fees growth rate was lower than expected on volatile exchange rate. Mondi operating profit surged 30%.

PPG Industries Plunges 7%, Blackbaud Tumbles 13%

Mukesh Buch
09 Oct, 2018
New York City

AZZ missed profit but the equipment maker lifted outlook. Blackbaud tumbled on weak forecast. Helen of Troy reported better-than-expected results. PPG Industries plunged on weak fiscal outlook.

Wirecard Reaffirms Upbeat Outlook, Givaudan Reports Steady Sales Growth

Sarla Buch
09 Oct, 2018
New York City

The U.K. based bakery chain Greggs said quarterly sales improved on higher beverage sales. Givaudan group revenues soared on strong segment performance. Wood Group secured new midstream sector contracts in the U.S. Wirecard soared on upbeat forecast.

GE Sells $1 B Energy Portfolio, Village Super Market Net Declines

Mukesh Buch
08 Oct, 2018
New York City

GE agreed to sell its Energy Financial Services business to Apollo Global Management. Hyatt Hotels agreed to acquire Two Roads Hospitality for $480 million. Trilogy Metals fell after net loss widened. Village Super Market net declined after weak sale growth.

Lloyds, Schroders in Wealth Partnership Talks;Total, Saudi in Development Deal

Sarla Buch
08 Oct, 2018
New York City

Acacia Mining jumped after the gold miner reported strong production and lifted fiscal forecast. Schroders confirmed that it is in talk with Lloyds Banking to work together in wealth sector.

Costco Comparable Store Sales Surge, Pier 1 Net Loss Widens

Mukesh Buch
05 Oct, 2018
New York City

Costco Wholesale net jumped 9% on strong revenues. LeMaitre Vascular net declined on lowered fiscal outlook. Pier 1 Imports net loss widened. SMART Global reported better-than-expected results.

U.S. Targets Danske Bank for Laundering, Intu Soars on Buyout Expectations

Sarla Buch
05 Oct, 2018
New York City

Centamin tumbled after the gold miner reported improving production but fell short of investors

HP Jumps on Positive Outlook, Constellation Brands Beats Estimates

Mukesh Buch
04 Oct, 2018
New York City

Constellation Brands beats earnings estimates. HP issued positive earnings outlook. International Speedway tumbled on lowered fiscal outlook. Synnex net declined 8%.

Publicis Acquires Czech-based Kindred, Ted Baker Plunges on Fraser Woes

Sarla Buch
04 Oct, 2018
New York City

BTG soared on the upbeat fiscal forecast. Electrocomponents jumped on improved pretax profit estimates. EasyJet passenger traffic in September surged. Ted Baker plunged on weaker-than-expected results and weak forecast.

Lennar Home Order Backlog Surges, RPM International Net Plunges 40%

Mukesh Buch
03 Oct, 2018
New York City

Acuity Brands net surged 20%. Lennar met earnings estimates. Landec reaffirmed fiscal 2019 outlook. RPM International revenues jumped 9%.

Vodafone Italy Buys 5G Spectrum, Norsk Hydro Shuts Down Brazil Plant

Sarla Buch
03 Oct, 2018
New York City

ITE Group acquired the mining event managed by Euromoney. Norsk Hydro plans to shut down alumina refinery in Brazil. Tesco declined after weaker-than-expected profit. Vodafone Italian unit purchased spectrum for

PepsiCo Sales Rise 1.5%; Paychex Reaffirms Outlook

Mukesh Buch
02 Oct, 2018
New York City

Emerson Electric agreed to acquire a unit of General Electric. Lamb Weston net surged 29% on 12% jump in revenues. PepsiCo net jumped 16%. Paychex forecasted rising revenues in key segments.

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