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H&R Block Jumps on Earnings Surprise, Culp Gains on Earnings Beat

Mukesh Buch
14 Jun, 2017
New York City

Culp Inc, the mattress maker said net income soared 32% and forecasted improved profit. H & R Block net jumped 12%. Liberty Tax said revenues jumped 7%. Motorcar Parts of America extended its five-year sales growth record.

Hexagon Discusses Merger with Rivals, Inditex Net Surges 18%

Sarla Buch
14 Jun, 2017
New York City

British American Tobacco plans to expand its vapor business as full-year cigarette volume is estimated to decline. Deutsche Boerse lifted profit estimate to increase as much as 15%. Hexagon surged on possible sale. Inditex profit jumped. WH Smith sales soared.

Verizon Merges Yahoo and AOL, Gymboree Filed for Chapter 11

Mukesh Buch
13 Jun, 2017
New York City

Axovant Sciences jumped after net surged 56%. Gymboree filed for Chapter 11 and seek to close s many as 450 stores. John Wiley & Sons profit soared. Tidewater net loss widened. Verizon today completed the acquisition of Yahoo.

Allied Irish Banks IPO to Raise

Sarla Buch
13 Jun, 2017
New York City

Ashtead group profit jumped after strong growth in the U.S. and in the U.K. Allied Irish Banks plans to raise up to

Aldi Plans $5 Billion U.S. Investment, Glencore Bids for Rio Coal Assets

Sarla Buch
12 Jun, 2017
New York City

Aldi plans to invest $3.4 billion in the U.S. for major expansion in next five-years. France based Dassault agreed to acquire Netherlands-based AITAC. Glencore offered $2.5 billion to Rio Tinto for its Australia-based coal assets. Stanley Gibbons is searching for a buyer.

Management Shakeup at GE, Golden Entertainment to Buy American Casino

Mukesh Buch
12 Jun, 2017
New York City

Golden Entertainment agreed to buy American Casino & Entertainment. GE announced CEO Jeff Immelt chief executive officer to step aside after 16 years in a management shakeup. Hamilton Lane assets under management jumped 11%. Honeywell agreed to acquire privately held Nextnine.

SoftBank and Alphabet in Robotics Deal, Digital Realty Acquires Dupont Fabros

Mukesh Buch
09 Jun, 2017
New York City

SoftBank agreed to acquire two robots business from Google''s parent Alphabet. Ascena Retail net swung to a loss. Digital Realty Trust agreed to acquire Dupont Fabros Technology for $7.6 billion. KMG Chemicals net fell. VeriFone net swung to a loss.

L'Oreal to Sell Body Shop for

Sarla Buch
09 Jun, 2017
New York City

Etihad reaffirmed its commitment to invest in Air Berlin. ADP lifted its stake in Turkish rival TAV Airports. Centrica to divest its Canadian oil assets to a China based consortium. L''Oreal to sell its Body Shop business for

Nordstrom Surged on Going Private Talks, Dell Net Swings to Loss

Mukesh Buch
08 Jun, 2017
New York City

Dell Technologies net swung to a loss despite PC shipments jumped 6.2%. Destination Maternity net swung to a loss. Nordstrom family is exploring to take the luxury retailer private. Smucker net tumbled 42%. Vail Resorts completes the purchase of Stowe Mountain Resort in Vermont.

Boohoo Lifted Forecast, Elis in

Sarla Buch
08 Jun, 2017
New York City

Auto Trader profit surged on 9% jump in revenues. Boohoo revenues doubled and raised

Navistar Struggles, Brown Forman Net Drops on Southern Comfort Sale

Mukesh Buch
07 Jun, 2017
New York City

Brown-Forman net tumbled 72% and the wine maker sold two premium liqueur brands. IDT net swung to a loss. Navistar net swung to a loss on weak truck and bus business. United Natural Foods lifted fiscal revenues forecast.

Santander to Raise

Sarla Buch
07 Jun, 2017
New York City

Banco Santander plans to acquire Banco Popular Espa

Fred's Agrees to Buy Rite Aid stores; HD Supply, Hooker Plunge

Mukesh Buch
06 Jun, 2017
New York City

Calavo Growers net surged. Fred''s net swung to a loss but the retailer is committed to acquiring up to 1,200 Rite Aid stores. G-III Apparel lifted fiscal outlook. HD Supply plans to sell its waterworks unit to private equity firms for $2.5 billion. Hooker Furniture net jumped 88%.

easyJet Traffic in May Jumps, Roche Drops on Cancer Study Disappointment

Sarla Buch
06 Jun, 2017
New York City

AO World said revenues soared but profit lagged on the weakness in Europe. easyJet said passenger traffic in May jumped 9.5%. Roche said its expensive new drug fails to show improvement in breast cancer treatment over its decade old drug. Shawbrook rejected hostile bid.

Apple, Amazon, Foxconn to Bid Toshiba

Mukesh Buch
05 Jun, 2017
New York City

Apple and Amazon are said to join Foxconn and bid for Toshiba''s memory business. Blackstone offered to buy Finland-based Sponda $1.98 billion. D.R. Horton offered to acquire 75% stake in Forestar. Herbalife declined after lowered revenues estimate but lifted earnings outlook.

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