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GE to Restate 2016, 2017 Results; Rockwell and General Dynamics in Focus

Mukesh Buch
24 Jan, 2018
New York City

Abbott reported strong medical device business. Comcast beats earnings estimates. GE agreed to restate its 2016 and 2017 financial results. United Tech profit turns lower on tax reform. Illinois Tool Works lifted fiscal 2018 guidance.

Novartis Beats Estimates and Lifts Dividend, Suez Tumble on Weaker Outlook

Sarla Buch
24 Jan, 2018
New York City

J D Wetherspoon reported better-than-expected first-half sales. Novartis profit more than doubled. The Sage Group revenue growth disappointed analysts. Suez warned of profit weakness. Secunet Security Networks revenues soared.

Adobe Lifts Fiscal Outlook; J&J Takes $13.3 B Tax Charge

Mukesh Buch
23 Jan, 2018
New York City

Adobe Systems lifted fiscal outlook. J&J said net swung to a loss on tax provision charges. Kimberly Clark beats profit estimates. Netflix revenues surged. P&G net tumbled 68%. Verizon net soared.

U.K. Says Fox Not Fit to Takeover Sky, easyJet Revenue Soars

Sarla Buch
23 Jan, 2018
New York City

easyJet offered upbeat revenue and passenger growth estimate. Logitech lifted fiscal outlook on strong sales. SSP Group first quarter revenue jumped 13.5%. UK regulator said Fox takeover of Sky is not in public interest.

AIG Acquires Validus for $5.6 B, Celgene in $9 B deal with Juno Therapeutics

Mukesh Buch
22 Jan, 2018
New York City

AIG agreed to acquire Validus for $5.56 billion. Celgene agreed to buy smaller rival Juno Therapeutics for $9 billion. Halliburton beats on fourth-quarter profit. Ingersoll-Rand acquired the U.K.-based ICS Group.

Sanofi in $11.6 B Deal with Bioverativ, Richemont Pursues Yoox Net-A-Porter

Sarla Buch
22 Jan, 2018
New York City

Dixons Carphone sales jumped after strong performance in Norway and Greece. Richemont offered

AmEx Card Spending Rises 1.9%, IBM Books $5.5 B Tax Related Charge

Mukesh Buch
19 Jan, 2018
New York City

American Express beats earnings estimates but reported quarterly loss on the account of one-time tax reform related charges. IBM fell on weak profit outlook. SunTrust Banks profit jumped 58%. Schlumberger net loss narrowed.

BASF Earnings Soar 50%, Ceconomy Net Drops

Sarla Buch
19 Jan, 2018
New York City

BASF annual sales and profit surged. Ceconomy forecasted profit to decline despite higher sales. Remy Cointreau reported third-quarter sales above the estimates. Dignity tumbled on profit warning after lower funeral prices. Software estimated lower profit.

Morgan Stanley Trading Revenue Drops, BB&T and BNY Net Shine

Mukesh Buch
18 Jan, 2018
New York City

Alcoa net loss widened but revenues soared 28%. BNY Mellon profit surged 38%. BB&T beats estimates. J B Hunt net and revenues jumped. Morgan Stanley said trading revenues declines but wealth management fees rise.

Emirates Supports A380 Jumbo Program; Informa, UBM in $5 B Merger Talks

Sarla Buch
18 Jan, 2018
New York City

Airbus secured order for 36 additional A380 jumbo jets from Emirates. AB Foods reported rising holiday sales at its low-cost fashion retail chain Primark. Countrywide declined after profit warning. Informa and UBM, the two largest event organizers are in merger talk.

BofA Revenues Rise Fails to Spark Stock; Goldman Sachs Bond Trading Plunges

Mukesh Buch
17 Jan, 2018
New York City

Bank of America profit declined 50% on one-time charges linked to latest tax reforms and missed revenue expectations. Charles Schwab revenues soared. CSX reported better-than-expected results. Goldman Sachs bond trading plunges 50%. US Bancorp profit jumped.

ASML to Buy Back

Sarla Buch
17 Jan, 2018
New York City

ASML beats earnings estimate and forecasted strong growth ahead. Alstom sales and orders jumped. Grupo Carrefour Brasil reported rising sales on strong holiday and e-commerce sales. Zalando forecasted strong growth in revenues and operating profit.

Steady Rise in Loans and Deposits at Citigroup, UnitedHealth Net Doubles

Mukesh Buch
16 Jan, 2018
New York City

Avis Budget declined on weak revenue forecast. Citigroup reported loss of $18.3 billion on one-time charges linked to federal tax overhaul. Comerica net plunged 31%. First Republic missed revenues estimates. UnitedHealth profit more than doubled after one-time tax benefit.

BP Records Additional Deep Water Charges in 2017, HIS Markit Beats Estimates

Sarla Buch
16 Jan, 2018
New York City

BP recorded additional $1.7 billion charges linked to Deepwater Horizon disaster. Ericsson wrote down 14.2 billion kronor. Greggs issued cautious fiscal outlook. Hugo Boss quarterly sales benefited from the strength in the U.S. IHS Markit beats fourth-quarter estimates.

Emirates No May End A380, Carillion Files Liquidation

Sarla Buch
15 Jan, 2018
New York City

Airbus may be forced to abandon, once heralded as showpiece, A380 superjumbo passenger aircraft production. U.K. based Carillion files for liquidation. Metso warned of weak fourth-quarter profit. Renault said annual vehicle sales jumped 4%. William Hill beats profit estimates.

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