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Honeywell to Spin Off Two Units, GM Acquires Self Driving Car Tech Company

Mukesh Buch
09 Oct, 2017
New York City

GM agreed to buy Strobe the user of LIDAR technology. Honeywell plans to spin off its non-core assets in to two separate companies. Radial agreed to be acquired by Belgium government-owned Bpost. Skyline profit more than doubled but revenues declined.

Accor in $920 M Deal with Mantra, CaixaBank Shifts HQ to Valencia

Sarla Buch
09 Oct, 2017
New York City

Accor offered to acquire Australia-based rival Mantra. Air Berlin may be forced to ground all flights by October if its current negotiation with EasyJet fails. Bpost agreed to buy the U.S.-based Radial for $820 million. Millennium & Copthorne Hotels received bid of

Costco Launches Delivery Service, Omega Protein to Merger with Cooke

Mukesh Buch
06 Oct, 2017
New York City

Costco launches delivery services battling Wal-Mart and Amazon. Eros International revenues tumbled. Helen of Troy tumbled after net declined 69%. Omega Protein agreed to be acquired by Canada-based Cooke. Rocky Mountain net fell. Village Super Market net plunged.

CRH, Ash Grove Agrees on Revised Deal; Glencore, Chevron in Africa Deal

Sarla Buch
06 Oct, 2017
New York City

Amadeus and Air Canada sign technology agreement. CRH agreed to acquire the U.S. based Ash Grove Cement for $3.8 billion. EasyJet forecasted upbeat profit on record summer passengers. Glencore agreed to buy Chevron units in South Africa and Botswana for $973 million.

Buckle, L Brands September Sales Decline; Constellation Brands Lifted Outlook

Mukesh Buch
05 Oct, 2017
New York City

The Buckle September comparable sale slumped 5.7%. Constellation Brands net surged and lifted fiscal outlook. International Speedway net declined. L Brands September comparable sale fell 2%. Lamb Weston net jumped. Zumiez September comparable sale soared 9.3%.

EasyJet September Traffic Jumps, Siemens Sell 17% Stake in Osram Licht

Sarla Buch
05 Oct, 2017
New York City

Accor agreed to acquire 50% stake in the Orient Express. DFS Furniture net plummeted. Deutz acquired Italy-based dealer IML Motori. EasyJet passenger traffic in September jumped 11%. Siemens completed the sale of 17% stake in Osram Licht for

Monsanto Rises on Demand Spike, PepsiCo Beats Estimates on Frito-Lay Sales

Mukesh Buch
04 Oct, 2017
New York City

Acuity Brands issued cautious outlook on demand. IDT Corp net swung to a loss. Monsanto net swung to profit on higher demand for corn and soybean. PepsiCo profit was ahead of estimates on strong sales in Frito-Lay snacks. RPM International revenues jumped.

European Markets Subdued on Catalonia, Tesco Resumes Dividend

Sarla Buch
04 Oct, 2017
New York City

BMW September sales in the U.S. edged lower but electric vehicles sales soared. Royal Dutch Shell agreed to cancel $900 million stake sale in a Thai gas field. Tesco plans to resume dividend after three years. Worldline revised revenue forecast up to 2019 and agreed to buy India-based MRL PosNet.

Ford, GM U.S. September Sales Jump; Chrysler Sales Declines

Mukesh Buch
03 Oct, 2017
New York City

Fiat Chrysler September sales declined 10%, Ford sales jumped 8.7% and GM sales soared 12%. Intuit reaffirmed fiscal 2018 outlook. Lennar net and sales soared. Paychex lifted fiscal outlook. Park Electrochemical net tumbled.

Ferguson Announces

Sarla Buch
03 Oct, 2017
New York City

Electrocomponents lifted annual profit estimate. Greggs, the bakery chain said third-quarter sales jumped 9%. Ferguson declared share buyback of

Metro in $4.5B Deal with Jean Coutu

Mukesh Buch
02 Oct, 2017
New York City

Cal-Maine Foods net loss narrowed after sales soared 10%. Metro agreed to buy the Jean Coutu Group for C$4.5 billion. TerraForm Power net swung to profit but revenues declined.

Suez, GE Water in

Sarla Buch
02 Oct, 2017
New York City

France based BIC plunged 10%. Kaufman & Broad SA said revenues surged. Peugeot auto sales in September surged 16%. Suez agreed to acquire GE Water & Process Technologies. Singapore based GLP agreed to acquire Gazeley assets in Europe.

Roku IPO Jumps 65% on Debut, Honeywell Lifts Dividend

Mukesh Buch
29 Sep, 2017
New York City

CalAmp beats profit and revenues estimate. Frontera Resources net loss widened on 25% decline in revenues. Honeywell announced dividend increase of 12% and is not looking to spin off aerospace. KB Home revenues surged. Roku gained 68% on the first day of trading.

Bayer Reduces Covestro Stake, VW Booked

Sarla Buch
29 Sep, 2017
New York City

Aviva sell its stake in Italy-based subsidiary Avipop Assicurazioni to Banco BPM. Bayer reduced its stake in Covestro. Carillion tumbled after it lowered its fiscal revenue forecast. Volkswagen booked

Accenture Rides Cloud Revenue Surge; Conagra, McCormick Net Tumble

Mukesh Buch
28 Sep, 2017
New York City

Accenture net declined but digital and cloud services revenues surged. BlackBerry net swung to profit on record software sales. Conagra reported strong result but net tumbled. McCormick net plunged 15%. Vail Resorts net loss narrowed. Rite Aid net surged.

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