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Philips Profit Declines on Flat Revenue, Spire Healthcare Rejects Takeover Bid

Sarla Buch
23 Oct, 2017
New York City

CRH received Ash Grove approval for its $3.5 billion acquisition. Philips net plunged 15% on flat revenues. Pendragon tumbled on profit warning. Spire Healthcare rejected takeover offer from its major investor Mediclinic. Securitas reported better-than-expected results.

IBM 22nd Quarterly Decline in a Row; Morgan Stanley, U.S. Bancorp Net Jump

Mukesh Buch
18 Oct, 2017
New York City

Assurant agreed to buy privately held Warranty Group for $2.5 billion. Abbott net swung to profit on strong medical device sales. IBM net declined for the 22nd quarter in a row. Morgan Stanley net soared. M&T Bank net missed the estimate. U.S. Bancorp net jumped on loan growth.

Akzo Repeats Profit Warning, ASML Profit Surges 58%

Sarla Buch
18 Oct, 2017
New York City

Akzo Nobel reported lower-than-expected results and issued second profit warning. ASML profit surged on strong demand. Carrefour Brasil sales soared 8%. Haulotte said revenues in the nine-months jumped 8%.

Airbus, Bombardier in Jetliner Partnership; Pearson Rises on Improved Outlook

Sarla Buch
17 Oct, 2017
New York City

Airbus agreed to buy a majority stake in CSeries passenger jetliner of Canada-based Bombardier. Merlin shares tumbled on profit warning. Pearson jumped on improved profit forecast. Remy Cointreau said sales advanced 6%. Sartorius lowered group revenues forecast.

J&J, UnitedHealth Lifts Dow; Equities, Deals Supports Strong Profit at Goldman

Mukesh Buch
17 Oct, 2017
New York City

CSX benefited from higher freight rates. Comerica net soared on higher net interest income. Goldman Sachs bond trading revenues fell but benefitted from the healthy deals and equities markets. Omnicom beats revenue forecast. Grainger net plunged. J&J revenues soared. UnitedHealth profit surged 26%.

Schwab Rides Market Wave, Nordstrom Family Suspends LBO Exploration

Mukesh Buch
16 Oct, 2017
New York City

Charles Schwab net and revenues surged on a new retail brokerage accounts. Capstar Financial net more than doubled. McClatchy said net loss widened on weak revenues. Nordstrom family suspends its plan to go private. Ruby Tuesday agreed to be acquired by NRD Capital.

ConvaTec Drops on Lower Revenue Forecast, Saint Gobain Buys Norwegian Rival

Sarla Buch
16 Oct, 2017
New York City

EasyJet may acquire parts of Air Berlin operations at Tegel Airport. ConvaTec tumbled after it lowered revenues estimates linked to supply issues. Husqvarna declined after weak sales in its consumer brands division. Saint Gobain completed acquisition Norwegian rival.

BofA Bond Trading Slumps but Net Soars, Wells Fargo Net Falls on Legal Costs

Mukesh Buch
13 Oct, 2017
New York City

BofA reported stronger than expected results. PNC Financial net jumped 14%. Wells Fargo net tumbled 19% after legal costs. Applied Optoelectronics tumbled on lowered outlook. J B Hunt Transport net plunged 8% while revenues soared 9%.

BASF to Buy

Sarla Buch
13 Oct, 2017
New York City

BASF agreed to acquire seed and herbicide businesses from Bayer for

Citigroup, JPMorgan Beat Estimates; Domino's Pizza Net Jumps

Mukesh Buch
12 Oct, 2017
New York City

Citigroup profit jumped 8% but trading revenues plunged. Commerce Bancshares net soared. Domino''s Pizza beats profit and sales estimates but stock declined. JPMorgan beats estimate after trading revenue declined 27%. Lindsay net plunged 19%.

Accor to Buy Australia Based Mantra, Lufthansa to Acquire Air Berlin Assets

Sarla Buch
12 Oct, 2017
New York City

Accor agreed to acquire Australia-based rival Mantra for

BlackRock Assets Grow to $6 Trillion, Delta Air Lifts Revenues Estimate

Mukesh Buch
11 Oct, 2017
New York City

BlackRock revenues gained as assets surged closed to $6 trillion. Barracuda net plummeted but revenues increased. Delta Air Lines estimated higher earnings despite Hurricane Irma related charges. Fastenal margins disappointed analysts. JetBlue September traffic fell 4.4%.

Dior Global Revenues Surge Ahead, Gerresheimer Net Plunges

Sarla Buch
11 Oct, 2017
New York City

Christian Dior reported strong segment revenues. Dunelm said online sales soared but margins dropped. Gerresheimer profit plunged but margin jumped. Hargreaves Lansdown reported growth in assets and clients. Packaging groups Mondi said net loss narrowed.

AIG Catastrophe Loss of $3 B, Wal-Mart Jumps on Outlook

Mukesh Buch
10 Oct, 2017
New York City

AIG estimated catastrophe losses of $3 billion. Express Scripts agreed to acquire EviCore Healthcare for $3.6 billion. Pfizer may spin off consumer healthcare business. Wal-Mart jumped on fiscal 2019 forecast and plans for stock buyback of up to $20 billion.

Givaudan, LVMH Sales Jump; BAE to Cut 1,900 Jobs

Sarla Buch
10 Oct, 2017
New York City

BAE Systems said it plans to reduce more than estimated 1,900 Jobs. Domino''s Pizza surged on strong third-quarter sales. Easyhotel revenues surged 39%. Givaudan revenues jumped 4%. LVMH beats estimate. Nisa agreed to be acquired by Co-op Group.

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