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BT to Cut 13,000 Jobs in U.K., UniCredit Reports Best Quarter in a Decade

Sarla Buch
10 May, 2018
New York City

BT plunged after weaker-than-anticipated quarterly results and telecom group said it plans to eliminate 13,000 jobs and plans to leave its London headquarter. The retailer Next Plc lifted fiscal sales and profit outlook. UniCredit reported record quarterly results in a decade.

AB InBev Net Eases on Non-beer Sales Weakness, Coty Loss Narrows

Mukesh Buch
09 May, 2018
New York City

AB InBev profit fell after non-beer volumes declined by 6.9%.. Cable One profit and revenues surged. Coty net loss narrowed. Office Depot lifted fiscal outlook. SINA profit declined despite advertizing revenues surged. Wolverine reported strong first-quarter earnings results.

Vodafone in

Sarla Buch
09 May, 2018
New York City

Henkel profit and sales fell on negative currency effects and persistent problems in supply chain. Fraport recorded 14.4 million passenger count. TUI net loss narrowed and travel services operator estimated solid demand for summer booking. Vodafone agreed to buy assets of Liberty Global

Dean Foods Net Loss Narrows, DISH Network Revenues Decline

Mukesh Buch
08 May, 2018
New York City

Aramark profit tumbled but the food services provider improved fiscal outlook. Dean Foods said net loss narrowed. Discovery net swung to loss on the acquisition of Scripps. DISH Network net fell on weaker subscriptions. Valeant Pharma net swung to a loss.

Takeda Offered

Sarla Buch
08 May, 2018
New York City

Adecco reported weaker-than-expected first-quarter result. Lafargeholcim declined on flat revenues and weak profit. Munich Re profit surged and reaffirmed fiscal 2018 outlook. Shire agreed to be acquired by Japan-based Takeda Pharmaceutical for about

Nestle Buys Starbucks Distribution Rights for $7 B, Hannover Re Lifts Outlook

Sarla Buch
07 May, 2018
New York City

Hannover Re lifted fiscal lifted fiscal 2018. Nestle agreed to distribute Starbucks packaged products in retail stores in a $7.2 billion deal.

AIG Reported Weak Q1 Results, Alibaba Sales Jump on Transaction Growth

Mukesh Buch
04 May, 2018
New York City

Alibaba net jumped. AIG reported lower-than-expected results. AON profit surged after strong growth in reinsurance business Celgene net declined. Consolidated Edison net soared on higher electric and gas prices. VF Corp fell despite net and revenues jumped.

BMW, SocGen Profit Hurt by Weaker Dollar; HSBC Launches Stock Repurchase

Sarla Buch
04 May, 2018
New York City

BMW reported rising global vehicle sales but profitability was hurt by weaker dollar. HSBC profit fell on higher operating expenses and the bank announced $2 billion of stock repurchase. Societe Generale revenues were impacted by low interest rate and weaker dollar.

Cigna Lifts Fiscal Outlook, New York Times Profit Soars 66%

Mukesh Buch
03 May, 2018
New York City

Ball Corp reported better-than-expected first-quarter results. Becton, Dickinson net swung to a loss but revenues surged 42%. Cigna lifted fiscal outlook. Cardinal Health net plunged and lowered fiscal earnings outlook. HCP net tumbled. New York Times profit soared 66%.

Aeroports de Paris Profit Surges, Bayer Profit Drops on Currency Volatility

Sarla Buch
03 May, 2018
New York City

Arkema profit and revenues surged. Aeroports de Paris profit soared on strong traffic and passenger numbers. Bayer said profit was hurts by negative currency effects. Legrand profit surged on new products.

Apple Announces Stock Buy Back of $100 B; MasterCard Net Surges

Mukesh Buch
02 May, 2018
New York City

Apple iPhone sales jumped and the device maker announced $100 billion stock buyback. AmerisourceBergen revenues exceeded estimate. CVS Health prescription drug sales surged. MasterCard profit soared on higher consumer spending.

Telefonica Net Loss Narrows, Inmarsat Swung to Profit

Sarla Buch
02 May, 2018
New York City

bet-at-home profit surged after registered customers jumped. GN Store Nord reaffirmed fiscal revenue forecast and plans to buy back share of up to 1 billion kronor. Inmarsat surged after net swung to profit. Telefonica said net loss in the first-quarter narrowed on flat revenues.

Ecolab Lifts Outlook, Merck Net Tumbles; Cummins Drops but Beats Earnings

Mukesh Buch
01 May, 2018
New York City

Aetna net swung to profit. American Tower lowered fiscal outlook. Archer-Daniels net and revenues jumped. Cummins net plunged but revenues surged. Ecolab net fell. Merck net tumbled 54%. Pfizer profit surged but revenues disappointed.

BP Profit Jumps on Rising Oil Prices and Production, Carlsberg Lifts Forecast

Sarla Buch
01 May, 2018
New York City

BP profits jumped on higher oil prices and production. Carlsberg lifted profit forecast despite revenues declined. DS Smith said paper volume growth improved in the year. Just Eat reaffirmed fiscal 2018 revenues growth forecast. RPS Group stock soared.

T-Mobile US and Sprint in $27 B Merger Deal, McDonald's Net Surges

Mukesh Buch
30 Apr, 2018
New York City

Allergan lifted fiscal outlook after net loss narrowed. CNA had strong start in 2018. Mercury General net swung to a loss on weak revenues. Loews profit fell but revenues soared. McDonald''''s net surged. T-Mobile US and Sprint are in $27 B merger agreement.

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