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Pricesmart Tumbles on Weak Profit, Sonos IPO to Raise $100 Million

Mukesh Buch
06 Jul, 2018
New York City

Bristol-Myers hired is reportedly looking to sell its France-based over-the-counter drugs business. Pricesmart profit fell. Silicon Motion Technology declined on weak second-quarter forecast. Sonos plans to raise $100 million in an initial public offering.

Inmarsat Rejects Revise Bid, Assa Abloy Writes Down China Assets

Sarla Buch
06 Jul, 2018
New York City

Assa Abloy booked $700 million impairment charges related to China operations. Altice is in talk with China-based Huawei for the development 5G networks in Netherland. HELLA is selling its Demark and Poland-based businesses. Inmarsat rejected second improved takeover bid.

Boeing to Acquire Stake in Embraer, PayPal Sells Receivables to Synchrony

Mukesh Buch
05 Jul, 2018
New York City

The Boeing will acquire a controlling stake in Brazil-based Embraer for $4.8 billion. International Speedway net surged. PayPal completed the sale of its consumer credit receivables business to Synchrony for $6.9 billion. Zebra agreed to acquire Xplore.

Generali Sells German Insurance Unit, Bellon Family Lifts Sodexo Stake

Sarla Buch
05 Jul, 2018
New York City

Bellon family increased its stake in Sodexo. Generali agreed to sell 89.9% stake in its Germany-based life insurance unit for

Sainsbury Reported Stronger Sales Growth, Eurofin Acquires Lab Bromatologie

Sarla Buch
04 Jul, 2018
New York City

Gresham Technologies tumbled after revenues declined. Eurofins Scientific closed the acquisition of France-based rival LBO. Sainsbury jumped after strong first-quarter revenues growth and the retailer finalized the

Delta Air June Traffic Rises, Acuity Brands Sales Jump

Mukesh Buch
03 Jul, 2018
New York City

Acuity Brands sales jumped on strong demand. AZZ soared on higher earnings and the electrical equipment maker reaffirmed fiscal 2019 outlook. Delta Air Lines traffic in June increased. Herman Miller profit declined but revenues jumped.

Carl Zeiss Lifts Outlook, SocGen to Buy Commerzbank Trading Unit

Sarla Buch
03 Jul, 2018
New York City

BE Semiconductor trimmed its sequential revenues growth forecast. Carl Zeiss Meditec jumped after the technology company lifted fiscal 2018 revenues forecast. Grenke lifted fiscal outlook. Societe Generale agreed to buy equity markets and commodities business of Commerzbank.

Archer Daniels in $1.8 B Deal with Neovia, Dell to Acquire VMware

Mukesh Buch
02 Jul, 2018
New York City

The Archer Daniels agreed to acquire France-based Neovia for $1.75 billion. Acxiom plans to sell its marketing solutions business to Interpublic Group for $2.2 billion. Dell Technologies offered to acquire VMware.

Carrefour, Tesco in Sourcing Partnership, Vedanta to Delist from LSE

Sarla Buch
02 Jul, 2018
New York City

Carrefour and Tesco plans to form a global sourcing partnership. Meggitt lifted revenue outlook. Recordati tumbled after it agreed to be acquired by a consortium. Vedanta plan to delist from the London Stock Exchange.

Nike Surges on International Market Growth; Greenbrier, KB Home Soar

Mukesh Buch
29 Jun, 2018
New York City

Constellation Brands lowered fiscal 2019 outlook. Greenbrier reaffirmed fiscal outlook. KB Home reported strong second-quarter results. NIKE reported strong double-digit revenue growth in international markets. SYNNEX net surged.

Novartis to Spin-off Alcon Eye Care Business, Serco Lowers Outlook

Sarla Buch
29 Jun, 2018
New York City

Accor plans to acquire 50% stake in the U.S.-based SBE Entertainment for $319 million. Novartis will spin-off its Alcon eye-care business and plans to buy back $5 billion of its shares. Stagecoach net surged. Serco lowered fiscal 2018 revenues outlook.

Walgreens Plunges 10% on Amazon Worries, Accenture Lifts Outlook

Mukesh Buch
28 Jun, 2018
New York City

Accenture beats third-quarter earnings estimates. Bed Bath & Beyond net plunged. Lindsay net declined but revenues surged 12%.Walgreens profit jumped but stock tumbled after Amazon announced to acquire an online drug retail.

H&M Net Declines, OSRAM Licht Tumbles on Lower Fiscal Outlook

Sarla Buch
28 Jun, 2018
New York City

Hennes & Mauritz reported weaker-than-expected quarterly earnings. John Wood declined on weak outlook. OSRAM Licht tumbled after the company lowered revenues and profit forecast. Sanofi agreed to sell its European generics business Zentiva for about

Conagra to Buy Pinnacle Foods, GE to Spin-off Healthcare Unit

Mukesh Buch
27 Jun, 2018
New York City

Conagra net plunged and agreed to buy Pinnacle Foods for $10.9 billion. General Mills net declined on weak sales. GE plans to spin off its healthcare business to Baker Hughes. Paychex net surged. Sonic beats third-quarter earnings estimates. UniFirst Net Jumped.

EU to Investigate BASF, Solvay Deal; Costa Coffee Sales Drop

Sarla Buch
27 Jun, 2018
New York City

Bunzl forecasted revenue in the first-half to surge 11%. The European antitrust opened investigation into BASF and Solvay deal. Costa Coffee total sales surged 5.2% but comparable sales dropped 2%. Xaar tumbled on weak outlook.

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